Telehandler Market to Reach USD 11.6 Billion by 2035 — Growth Driven by Construction, Rental, and Electrification

The global Telehandler Market is estimated at USD 6.7 billion in 2025 and projected to reach USD 11.6 billion by 2035, growing at a CAGR of 5.6%. This steady growth reflects the increasing demand for versatile lifting and material handling equipment across construction, agriculture, and industrial applications. Telehandlers are gaining traction for their ability to combine the functionalities of forklifts, cranes, and loaders—offering operational flexibility and cost savings across industries.

Market Overview and Growth Drivers

The surge in infrastructure investments, particularly in developing economies, has accelerated the adoption of telehandlers across large-scale construction projects. Governments worldwide are ramping up infrastructure development to stimulate post-pandemic economic recovery, and telehandlers have become indispensable for modern worksites.

In parallel, the mechanization of agriculture and the rise of industrial warehousing and logistics operations have opened new growth avenues. Their multifunctional nature, extended lift heights, and enhanced safety systems make telehandlers an essential asset for material handling efficiency.

The rental services segment, commanding 57.8% of market share in 2025, remains a pivotal growth driver. Rental availability enables small and medium enterprises (SMEs) to access high-performance machines without heavy capital investment—promoting equipment flexibility, cost-effectiveness, and rapid deployment across projects.

Segmental Insights

By Maximum Lift Height, the 30’ to 60’ segment dominates with 47% share in 2025, reflecting the rising demand for medium-lift machines in construction and warehousing. These models offer optimal balance between reach and stability, backed by advanced hydraulic systems, reinforced chassis, and operator-friendly controls.

By Lifting Capacity, telehandlers in the 3 to 6-ton range hold 46.2% market share in 2025, owing to their versatility across industrial and construction applications. As urbanization and vertical infrastructure projects expand globally, these machines meet a wide range of lifting requirements efficiently.

By Ownership, the rental segment leads, underpinned by flexible usage contracts, reduced maintenance concerns, and improved cash flow management for contractors.

Regional Outlook

North America, Asia-Pacific, and Europe are key regional markets for telehandlers, collectively accounting for the majority of global revenue.

• United States: Telehandler demand is set to expand at a 5.1% CAGR through 2035, propelled by the USD 1 trillion infrastructure bill introduced in late 2025. The surge in construction activity has spurred investments in smart telehandlers with IoT, telematics, and automation features.
• Germany: Expected to grow at 4.5% CAGR, driven by the adoption of precision farming and integration of telehandlers in biomass and renewable energy projects.
• Japan: Estimated to record 5.6% CAGR, supported by automation-driven solutions addressing labor shortages in agriculture and manufacturing.
• China: Forecasted 4.8% CAGR, buoyed by government-led urbanization and infrastructure programs.
• India: Set for 5.6% CAGR, backed by initiatives such as Pradhan Mantri Awas Yojana and Atmanirbhar Bharat Abhiyan, which are creating massive construction opportunities.

Technological Innovations and Sustainability Trends

The telehandler market is witnessing a technological transformation, with innovation focused on electrification, automation, and sustainability.

• Electric Telehandlers: Manufacturers such as JCB and Wacker Neuson are leading the green transition. JCB’s 525-60E electric compact telehandler, launched in September 2025, exemplifies this trend. Similarly, Wacker Neuson’s TH412e electric model, introduced in November 2025, caters to confined and urban environments.
• Hydrogen-Powered Telehandlers: In December 2025, Manitou Group unveiled its hydrogen telehandler prototype, targeting a 100% hydrogen-powered lineup by 2029. This aligns with its sustainability goal of reducing greenhouse gas emissions by 34% per operational hour by 2035.

These green alternatives offer reduced emissions, lower noise levels, and minimal maintenance—making them ideal for indoor or low-emission construction zones.

Market Opportunities and Emerging Trends

The telehandler industry is evolving rapidly, with opportunities arising from emerging technologies and shifting customer preferences:

• Modular designs are enabling easier component upgrades and customization.
• Autonomous telehandlers and swarm intelligence systems are enhancing fleet coordination and operational efficiency.
• Aftermarket services such as maintenance, spare parts, and operator training are emerging as significant revenue channels.
• Developing regions in Asia, the Middle East, and Latin America offer vast potential, driven by rapid urbanization and industrialization.

Competitive Landscape

The telehandler market remains highly competitive, dominated by global leaders such as JCB, Caterpillar Inc., Manitou Group, Terex Corporation, Merlo S.p.A., Haulotte Group, Liebherr Group, Bobcat Company (Doosan Group), and Komatsu Ltd. These players focus on product innovation, sustainable technologies, and strategic partnerships to strengthen global presence.

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Recent Developments:

• Doosan Bobcat (Feb 2025): Introduced its first hydrogen fuel cell-powered electric forklift, reinforcing its commitment to sustainable equipment.
• Merlo UK (Nov 2025): Launched its latest electric telehandler at Agritechnica 2025, Hannover.

Conclusion

The global Telehandler Market is entering a transformative decade characterized by technological evolution, sustainable innovation, and expanded construction activity. With rising adoption in rental fleets and increasing investments in infrastructure and automation, the industry’s growth trajectory remains robust through 2035.

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