Telehandler Market to Reach USD 10.8 Billion by 2032, Growing at a CAGR of 5.6%

LOS ANGELES - Oct. 27, 2025 - PRLog -- Global Telehandler Market is poised for significant growth, driven by the expansion of the construction, mining, and agriculture sectors. According to a recent report by Acumen Research and Consulting, the market is expected to grow at a compound annual growth rate (CAGR) of 5.6% during the forecast period, reaching an estimated value of USD 10.8 billion by 2032, up from USD 6.3 billion in 2022.

Telehandler Market Highlights:

• Market Size (2022): USD 6.3 billion
• Forecast Market Size (2032): USD 10.8 billion
• CAGR (2023–2032): 5.6%
• North America Market Share (2022): Over 35%
• Asia Pacific CAGR (2023–2032): Approximately 6.2%

Telehandler Market Drivers

Several factors are contributing to the growth of the telehandler market:

• Infrastructure Development and Industrialization: Developing countries are investing heavily in infrastructure projects, leading to an increased demand for telehandlers to handle materials in construction and mining operations.
• Versatility Across Applications: Telehandlers can be equipped with various attachments, allowing them to perform a wide range of tasks, from lifting heavy loads to positioning workers at heights.

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Market Segmentation

Telehandler market is segmented based on product type, height, capacity, application, and geography:

• By Product Type: Compact Telehandlers, Large Telehandlers
• By Height: Less than 50 ft, 50 ft & Above
• By Capacity: Below 3 Tons, 3–10 Tons, Above 10 Tons
• By Application: Construction, Agriculture, Mining, Forestry, Others
• By Geography: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Telehandler Market Regional Insights

• North America: In 2022, North America held largest share of the telehandler market, accounting for more than 35% of the market share. Region's growth is driven by robust infrastructure development and industrial activities.
• Asia Pacific: Asia Pacific region is expected to witness highest growth rate during the forecast period, with a projected CAGR of approximately 6.2%. Rapid urbanization and industrialization in countries like China and India are fueling demand for telehandlers.

Competitive Landscape

Prominent companies in telehandler market include:

• J.C. Bamford Excavators Ltd. (JCB)
• Caterpillar Inc.
• Manitou Group
• Terex Corporation
• Bobcat Company (a subsidiary of Doosan Group)
• CNH Industrial (Case Construction Equipment)
• Haulotte Group
• Merlo S.p.A.
• Skyjack (a division of Linamar Corporation)
• Genie (a subsidiary of Terex Corporation)
• Dieci S.r.l.
• Wacker Neuson SE

The telehandler market is set for substantial growth, driven by infrastructure development, industrialization, and technological advancements.

Read Full News at Globenewswire: https://www.globenewswire.com/news-release/2023/09/26/2749627/0/en/Telehandler-Market-Size-Estimated-to-Reach-10-8-Bn-by-2032-Growing-at-a-CAGR-of-5-6.html