The global heavy-duty telehandler market size was US$ 2,440 million in 2021. The global heavy-duty telehandler market is projected to grow to US$ 4104.21 million by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the study period; 2022-2030.
Telehandlers are frequently used in the construction and agricultural industries to heave materials and equipment. These tools are mostly used to move merchandise between distribution centers and development sites that are difficult to access.

COVID-19 Analysis
To preserve the well-being and safety of their employees during the COVID-19 outbreak, some businesses have adopted preventative precautions. The COVID-19 epidemic has had a major impact on the construction industry causing delays in new construction projects globally. As a result, it decreased the use of telehandlers and stunted the growth of the heavy-duty telehandler market. Moreover, the cessation of manufacturing activities also slowed down the market expansion for a long time.

Factors Influencing the Market
The rapidly growing construction sector will primarily drive the growth of the heavy-duty telehandler market. It is owing to the factors like rising number of construction projects and growing efforts towards infrastructural development. Telehandlers are gaining significant popularity due to the growing need for better infrastructure. Further, government and private organizations are pouring high funds into infrastructure construction projects, mining activities, and industrial activity. As a result, it will contribute to the growth of the heavy-duty telehandler market during the analysis period.
The fact that telehandlers find applications in commercial, agriculture, general construction, road and bridge, and oil and gas industry, will propel the heavy-duty telehandler market forward.
Growing advancements in the industry are projected to amplify the product demand. The new Manitou MHT 12330 heavy-capacity telehandler with a 73,000-pound fork capacity and an 80,000-pound lift hook capability was announced in November 2019. This heavy-hitter is designed to handle large weights precisely through its full-wheel four-wheel drive system with a three-speed hydrostatic gearbox. Thus, the advancements in the future are expected to upsurge the product demand during the forecast timeframe.

Regional Analysis
The European economy is expected to bring lucrative opportunities for the heavy-duty telehandler market during the analysis period. Heavy-duty telehandlers significantly boost the productivity of the workers and improve the experience because they are easily applicable in the mining, agriculture, and construction industries. In order to fulfil the expanding industrial demands, organizations are now placing more and more emphasis on lowering the cost of accessing global resources. Further, the growth in strategic partnerships, such as collaborations with telehandler manufacturers is the main factor driving the use of heavy-duty telehandlers.

Competitors in the Market
Oshkosh Corporation (US)
Caterpillar Inc. (US)
Manitou Group (France)
J C Bamford Excavators Ltd. (UK)
Terex (US)
Other Prominent Players

Market Segmentation
The global heavy-duty telehandler market segmentation focuses on Capacity, Application, and Region.
By Capacity
5 to 10 Ton
1 to 15 Ton
15 Ton and Above
By Application
Construction
Agriculture
Mining
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America