Telehandlers for Construction Market Size: Market Outlook and Market Forecast (2024 to 2031)

Market Overview and Report Coverage

Telehandlers for construction are versatile machines used in various construction applications, such as lifting and moving materials on construction sites. These machines offer flexibility and efficiency, making them essential equipment in the construction industry.

The current outlook for the telehandlers for construction market is positive, with a steady growth trend driven by the increasing demand for construction equipment worldwide. The market is expected to witness significant growth in the coming years due to the rapid urbanization and infrastructure development projects.

The future of the telehandlers for construction market looks promising, with technological advancements and innovations leading to more efficient and advanced models. The market forecast predicts a growth rate of % during the forecasted period, indicating a healthy market outlook.

The latest market trends in the telehandlers for construction market include the development of electric and hybrid models, improved safety features, and enhanced lifting capacities. Overall, the telehandlers for construction market is poised for continued growth and innovation in the coming years.

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Market Segmentation

The Telehandlers for Construction Market Analysis by types is segmented into:

• Large Telehandlers
• Compact Telehandlers

Large telehandlers are designed for heavy-duty construction projects, typically with a lift capacity ranging from 10,000 to 30,000 pounds. They are ideal for handling materials at great heights and over rough terrain. Compact telehandlers, on the other hand, are smaller in size and more maneuverable, making them suitable for jobs in tight spaces or indoor construction projects. They typically have a lift capacity of 5,500 to 10,000 pounds. Both types of telehandlers offer versatility and efficiency for a wide range of construction applications.

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The Telehandlers for Construction Market Industry Research by Application is segmented into:

• Material Handling
• Digging Trenches
• Elevating Personnel
• Others

Telehandlers are versatile construction machines used for a wide range of applications. They excel in material handling, making them essential for moving heavy loads on job sites. Additionally, they are commonly used for digging trenches with specialized attachments. Telehandlers are also utilized for elevating personnel to access high areas safely. Other applications include lifting and placing building materials, assisting with concrete pouring, and transporting equipment. Their adaptability and efficiency make them a valuable asset in the construction industry.

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In terms of Region, the Telehandlers for Construction Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Telehandlers for Construction market?

Emerging trends in the global telehandlers for construction market include the increasing demand for eco-friendly and energy-efficient machines, the integration of advanced technologies like IoT and telematics for remote monitoring and maintenance, and the rise of rental and lease services to reduce upfront costs for construction companies. Current trends in the market involve the growing popularity of compact telehandlers for confined worksites, the development of hybrid and electric telehandler models to meet environmental regulations, and the focus on improving operator safety through advanced features like anti-tipping devices and automatic stability control systems.

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Major Market Players

The telehandler market for construction has seen significant growth in recent years, with key players such as Genie (Terex), J C Bamford Excavators, JLG Industries, MERLO, Caterpillar, Skyjack, and HAULOTTE GROUP leading the way.

Genie (Terex) is a prominent player in the market, offering a wide range of telehandlers for various construction applications. The company has seen strong market growth in recent years, thanks to its innovative products and strong customer base.

J C Bamford Excavators, also known as JCB, is another key player in the telehandler market, known for its high-quality equipment and extensive dealer network. The company has experienced steady growth in the market, particularly in regions such as Europe and North America.

MERLO is known for its cutting-edge technology and advanced features in its telehandler products. The company has a strong presence in the market and has seen significant growth in recent years, particularly in the agricultural sector.

In terms of market size, the telehandler market for construction is expected to reach USD billion by 2025, with a CAGR of 5.7% during the forecast period. The market is driven by factors such as increasing construction activities, urbanization, and infrastructure development.

In terms of sales revenue, Genie (Terex) reported sales of USD 2.1 billion in 2020, while J C Bamford Excavators reported sales of USD 4.3 billion. MERLO reported sales of USD 1.5 billion in the same period.

Overall, the telehandler market for construction is competitive and dynamic, with key players focusing on product innovation, technological advancements, and strategic partnerships to gain a competitive edge in the market.

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