Report Overview

Asia-Pacific Telehandlers Market – Industry Trends & Forecast Report, 2029

Asia-Pacific telehandlers market size was estimated at USD 843.6 million in 2022. During the forecast period between 2023 and 2029, the size of Asia-Pacific telehandlers market is projected to grow at a CAGR of 5.24% reaching a value of USD 1,146 million by 2029. Major factor driving the growth of Asia-Pacific Telehandlers market is a growing demand for telehandlers across various industries, including construction, agriculture, and manufacturing, driven by the need for efficient material handling solutions. Also, advancements in technology have led to the integration of smart features, enhancing productivity and safety. Hybrid and electric telehandlers are gaining traction due to increasing environmental concerns and stringent regulations. Also, market players are focusing on developing compact and versatile models to cater to diverse applications. The rental market for telehandlers is also expanding, reflecting a preference for cost-effective and flexible equipment solutions.

Asia-Pacific Telehandlers Market - Overview

Telehandlers, also known as telescopic handlers, are versatile material-handling machines commonly used in construction, agriculture, and industrial settings. Combining the features of a forklift and a crane, they feature a telescopic boom that extends forward and upward, providing increased reach and lift capacity. With various attachments, they can lift, carry, and place loads at different heights and distances. Telehandlers offer excellent maneuverability, making them ideal for tight spaces and uneven terrain. Their adaptability and efficiency in handling diverse tasks have made them indispensable in the construction industry, as well as in agricultural operations and other applications requiring heavy lifting and material placement.

Growth Drivers

Increasing Demand from Infrastructure Sector

In the fast growing Asia-Pacific region, a significant growth driver for the telehandlers market is the ongoing infrastructure boom. With governments and private sectors heavily investing in construction and development projects, the demand for efficient and versatile material-handling equipment like telehandlers has surged. These machines offer enhanced lifting capacities, maneuverability, and versatility, making them indispensable for various construction, agriculture, and industrial applications. As the region witnesses continuous urbanization, expansion of transportation networks, and investment in mega-infrastructure projects, the Asia-Pacific telehandlers market is poised for substantial growth during the forecast period.

Restraints

Sluggish Infrastructure Development

The Asia-Pacific telehandlers market faces a significant hindrance due to sluggish infrastructure development across the region. While telehandlers offer versatile solutions for material handling in the construction, agriculture, and industrial sectors, the inadequate progress in infrastructural projects restrains their widespread adoption. Delays in government initiatives, bureaucratic hurdles, and insufficient funding impede the expansion of construction and development activities, leading to limited demand for telehandlers. Also, uncertain economic conditions in some countries further dampen investments, resulting in a challenging market environment. To foster growth, stakeholders must collaborate to address infrastructural bottlenecks and promote a conducive investment climate.

Impact of COVID-19 on Asia-Pacific Telehandlers Market

The Asia-Pacific telehandlers market faced significant disruptions due to the COVID-19 pandemic. Lockdown measures and supply chain disruptions led to project delays and hindered new equipment purchases. With construction and industrial activities slowing down, demand for telehandlers declined, impacting manufacturers and rental businesses. Remote working further affected decision-making processes, leading to uncertainties in the market. However, the industry showed resilience, as post-pandemic recovery efforts in the construction sector and infrastructure projects are expected to drive market growth. Adapting to evolving customer needs and digital innovations became crucial for telehandler companies during this challenging period.

Asia-Pacific Telehandlers Market

Segmental Coverage

Asia-Pacific Telehandlers Market – By Height

Based on height, Asia-Pacific telehandlers market is bifurcated into Less than 50 ft and 50 ft & more segments. The '50 ft & more' segment represents a larger segment in terms of market share and revenue. This indicates a higher demand for telehandlers with a lifting height of 50 feet or more in the Asia-Pacific region, reflecting potential growth opportunities for manufacturers and businesses operating in the market.

Asia-Pacific Telehandlers Market – By End User

By end user, Asia-Pacific telehandlers market is divided into Construction, Mining, and Agriculture segments. These segments represent the primary applications for telehandlers in the region. While all three segments contribute to the market's growth, construction is likely to be the largest segment, given the region's rapid urbanization and infrastructure development. Telehandlers play a crucial role in construction projects, enabling versatile material handling and increased efficiency on construction sites. Thus, the construction segment holds a dominant position in the Asia-Pacific telehandlers Market, driving its expansion and technological advancements.

Asia-Pacific Telehandlers Market – By Country

By country, Asia-Pacific telehandlers market is divided into China, India, Japan, South Korea, Indonesia, Vietnam, Malaysia, and Rest of Asia Pacific. China stands out as the largest market due to its massive population, rapidly growing industrial and construction sectors, and increasing infrastructure development. The country's strong economic growth and government support for various industries contribute to its dominance in the telehandlers market. However, other major countries in the APAC region, such as India and Japan, also play significant roles, as they possess substantial market potential and continue to experience notable growth in the telehandlers industry.

Competitive Landscape

Major players in the Asia-Pacific telehandlers market include Caterpillar Inc., Volvo Construction Equipment Corp, CNH Industrial N.V., J.C. Bamford Excavators Limited, Skyjack, Haulotte Group Sa, Manitou, Doosan Infracore Co. Ltd, Xcmg Construction Machinery Co., Ltd, Wacker Neuson SE, JLG Industries, Terex Corporation, and Komatsu Ltd. To enahnce their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Height

• • Less than 50 ft

  • 50 ft & more

By End User

• • Construction

  • Mining

  • Agriculture

By Country

• • China

  • India

  • Japan

  • South Korea

  • Indonesia

  • Vietnam

  • Malaysia

  • Rest of Asia Pacific

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Telehandlers Market Insights
   1. Industry Value Chain Analysis
      1. DROC Analysis
      2. Growth Drivers
         1. Growing use in agriculture sector
         2. Increasing investment in the infrastructure industry
      3. Restraints
         1. Rise in prices of raw materials
      4.  Opportunities
         1. Rise in adoption of green logistics solutions
      5. Challenges
         1. Rising trend of adoption of forklift
   2. Technological Advancements/Recent Developments
   3. Regulatory Framework
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Asia-Pacific Telehandlers Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Height
         1. Less than 50 ft
         2. 50 ft & more
      2. By End User
         1. Construction
         2. Mining
         3. Agriculture
         4. Others
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Indonesia
         6. Vietnam
         7. Malaysia
         8. Rest of Asia Pacific
5. China Telehandlers Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Height
      2. By End User
6. India Telehandlers Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Height
      2. By End User
7. Japan Telehandlers Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Height
      2. By End User
8. South Korea Telehandlers Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Height
      2. By End User
9. Indonesia Telehandlers Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Height
      2. By End User
10. Vietnam Telehandlers Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Height
       2. By End User
11. Malaysia Telehandlers Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Height
       2. By End User
12. Rest of Asia-Pacific Telehandlers Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Height
       2. By End User
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific Telehandlers Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Asia-Pacific Telehandlers Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Caterpillar Inc.
    2. Volvo Construction Equipment Corp
    3. CNH Industrial N.V.
    4. J.C. Bamford Excavators Limited
    5. Skyjack, Haulotte Group Sa
    6. Manitou
    7. Doosan Infracore Co. Ltd
    8. Xcmg Construction Machinery Co., Ltd
    9. Wacker Neuson SE, JLG Industries
    10. Terex Corporation
    11. Komatsu Ltd
    12. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Asia-Pacific Telehandlers Systems Segmentation    

Figure 2       Asia-Pacific Telehandlers Systems Market Value Chain Analysis  

Figure 3       Company Market Share Analysis, 2022

Figure 4       Asia-Pacific Telehandlers Systems Market Size, By Value (USD Million), 2019–2029 

Figure 5       Asia-Pacific Telehandlers Systems Market Share, By Height, By Value, 2019–2029         

Figure 6       Asia-Pacific Telehandlers Systems Market Share, By End User, By Value, 2019–2029 

Figure 7       Asia-Pacific Telehandlers Systems Market Share, By Country, By Value, 2019–2029 

Figure 8       China Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Figure 9       China Telehandlers Systems Market Share, By Height, By Value, 2019–2029 

Figure 10     China Telehandlers Systems Market Share, By End User, By Value, 2019–2029         

Figure 11     India Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Figure 12     India Telehandlers Systems Market Share, By Height, By Value, 2019–2029  

Figure 13     India Telehandlers Systems Market Share, By End User, By Value, 2019–2029         

Figure 14     Japan Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Figure 15     Japan Telehandlers Systems Market Share, By Height, By Value, 2019–2029 

Figure 16     Japan Telehandlers Systems Market Share, By End User, By Value, 2019–2029         

Figure 17     South Korea Telehandlers Systems Market Size, By Value (USD Million), 2019–2029 

Figure 18     South Korea Telehandlers Systems Market Share, By Height, By Value, 2019–2029 

Figure 19     South Korea Telehandlers Systems Market Share, By End User, By Value, 2019–2029 

Figure 20     Australia & New Zealand Telehandlers Systems Market Size, By Value (USD Million), 2019–2029       

Figure 21     Australia & New Zealand Telehandlers Systems Market Share, By Height, By Value, 2019–2029

Figure 22     Australia & New Zealand Telehandlers Systems Market Share, By End User, By Value, 2019–2029

Figure 23     Indonesia Telehandlers Systems Market Size, By Value (USD Million), 2019–2029         

Figure 24     Indonesia Telehandlers Systems Market Share, By Height, By Value, 2019–2029         

Figure 25     Indonesia Telehandlers Systems Market Share, By End User, By Value, 2019–2029 

Figure 26     Malaysia Telehandlers Systems Market Size, By Value (USD Million), 2019–2029         

Figure 27     Malaysia Telehandlers Systems Market Share, By Height, By Value, 2019–2029         

Figure 28     Malaysia Telehandlers Systems Market Share, By End User, By Value, 2019–2029         

Figure 29     Singapore Telehandlers Systems Market Size, By Value (USD Million), 2019–2029         

Figure 30     Singapore Telehandlers Systems Market Share, By Height, By Value, 2019–2029         

Figure 31     Singapore Telehandlers Systems Market Share, By End User, By Value, 2019–2029 

Figure 32     Vietnam Telehandlers Systems Market Size, By Value (USD Million), 2019–2029         

Figure 33     Vietnam Telehandlers Systems Market Share, By Height, By Value, 2019–2029         

Figure 34     Vietnam Telehandlers Systems Market Share, By End User, By Value, 2019–2029         

Figure 35     Rest of APAC Telehandlers Systems Market Size, By Value (USD Million), 2019–2029 

Figure 36     Rest of APAC Telehandlers Systems Market Share, By Height, By Value, 2019–2029 

Figure 37     Rest of APAC Telehandlers Systems Market Share, By End User, By Value, 2019–2029 

List of Tables

Table 1        Asia-Pacific Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 2        Asia-Pacific Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 3        Asia-Pacific Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 4        Asia-Pacific Telehandlers Systems Market Size, By Country, By Value, 2019–2029

Table 5        China Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 6        China Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 7        China Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 8        India Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 9        India Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 10      India Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 11      Japan Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 12      Japan Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 13      Japan Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 14      South Korea Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 15      South Korea Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 16      South Korea Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 17      Australia & New Zealand Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 18      Australia & New Zealand Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 19      Australia & New Zealand Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 20      Indonesia Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 21      Indonesia Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 22      Indonesia Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 23      Malaysia Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 24      Malaysia Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 25      Malaysia Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 26      Singapore Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 27      Singapore Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 28      Singapore Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 29      Vietnam Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 30      Vietnam Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 31      Vietnam Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 32      Rest of APAC Telehandlers Systems Market Size, By Value (USD Million), 2019–2029

Table 33      Rest of APAC Telehandlers Systems Market Size, By Height, By Value, 2019–2029

Table 34      Rest of APAC Telehandlers Systems Market Size, By End User, By Value, 2019–2029

Table 35      Caterpillar Inc. Company Overview

Table 36      Caterpillar Inc. Financial Overview

Table 37      Volvo Construction Equipment Corp Company Overview

Table 38      Volvo Construction Equipment Corp Financial Overview

Table 39      CNH Industrial N.V. Company Overview

Table 40      CNH Industrial N.V. Financial Overview

Table 41      J.C. Bamford Excavators Limited Company Overview

Table 42      J.C. Bamford Excavators Limited Financial Overview

Table 43      Skyjack, Haulotte Group Sa Company Overview

Table 44      Skyjack, Haulotte Group Sa Financial Overview

Table 45      Manitou Company Overview

Table 46      Manitou Financial Overview

Table 47      Doosan Infracore Co. Ltd Company Overview

Table 48      Doosan Infracore Co. Ltd Financial Overview

Table 49      Xcmg Construction Machinery Co., Ltd Company Overview

Table 50      Xcmg Construction Machinery Co., Ltd Financial Overview

Table 51      Wacker Neuson SE, JLG Industries Company Overview

Table 52      Wacker Neuson SE, JLG Industries Financial Overview

Table 53      Terex Corporation Company Overview

Table 54      Terex Corporation Financial Overview