Rotating Telehandlers Market
According to a new report published by Introspective Market Research, titled, “Rotating Telehandlers Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2024–2032,”
the global Rotating Telehandlers market size was valued at $ 6.64 billion in 2023, and is projected to reach $ 11.12 billion by 2032, registering a CAGR of 5.90 % from 2024 to 2032.
Rotating telehandlers are adaptable material-handling devices intended for use in industrial and construction settings. They have a 360-degree rotating turret that allows them to precisely place material at different heights. These telehandlers are essential for jobs in construction, agriculture, and other industries because they effectively lift, rotate, and move goods inside small areas. This increases operational efficiency. Innovative material-handling devices called rotating telehandlers are revolutionizing the industrial and construction sectors.
The Rotating Telehandlers Market is segmented into Type, Application, and region. By Type, the market is categorized into Two-wheel steering, Four-wheel steering, and Crab steering. By Application, the market is categorized into Construction, Agriculture Mining, and Quarrying. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The market for rotating telehandlers is expected to rise due in large part to the increasing demand for increased efficiency. Industries continuously search for machinery that can accomplish jobs with increased efficiency, especially in the construction and material handling sectors. By offering diversity in material handling and environment navigation, rotating telehandlers are essential in fulfilling this demand. Their capacity to lift, rotate, and move materials in tight places with efficiency makes a big difference in streamlining processes, decreasing the need for several machines, and increasing overall efficiency on the project site.
The market for rotating telehandlers is expected to grow due in large part to the incorporation of electric and hybrid models. The global adoption of sustainability by industries has led to an increased emphasis on carbon footprint reduction and the adoption of environmentally friendly equipment. In response to this need, producers of rotating telehandlers have a tactical chance to create and market electric and hybrid versions. These energy-efficient models are in line with international efforts to develop more environmentally friendly building and material handling techniques.
Global Rotating Telehandlers Market, Segmentation
The Rotating Telehandlers market is segmented on the basis of Type, Application, and region.
Type:
The type segment is further classified into Two-wheel steering, Four-wheel steering, Crab steering. Among these, the Two-wheel steering sub-segment accounted for the highest market share in 2023. Two-wheel steering telehandlers are expected to dominate the rotating telehandler industry because of their remarkable mobility and versatility. Because of their superior agility and two-wheel steering arrangement, these telehandlers are excellent at maneuvering through cramped areas and tight work conditions. The capacity to carry out rapid and accurate movements improves material handling and construction site operational efficiency.
Application:
The application segment is further classified into Construction, Agriculture, Mining and Quarrying. Among these, the Construction sub-segment is anticipated to show the fastest growth by 2032. The dominance of the Construction Industry segment in the Rotating Telehandlers market may be attributed to the machines' vital function in construction applications. In order to improve overall operating efficiency, rotating telehandlers are essential for lifting, positioning, and moving goods on construction sites. Their capacity to maneuver through narrow areas and ascend to higher locations comes in very handy while doing jobs like moving materials, pouring concrete, and erecting steel. The demand for rotating telehandlers is constantly high because to the robust growth that the global construction sector is experiencing, which solidifies the segment's dominance in the market.
Region:
The Rotating Telehandlers market in North America is projected to show the fastest growth by 2032. Because to its developed industrial landscape, vigorous construction activity, and technological breakthroughs, North America is expected to lead the rotating telehandlers market. The building industry in the region is marked by a number of noteworthy residential and commercial development projects, which creates a major need for flexible material handling solutions such as rotating telehandlers. North America's leading position in the market is further cemented by the seamless alignment of these machines' capabilities with the emphasis on productivity and efficiency in construction operations.
Some of the leading Rotating Telehandlers market players are
- Caterpillar Inc. (US)
- Bobcat Company (US)
- Genie Industries (US)
- Gradall Industries, Inc. (US)
- Hyster-Yale Group, Inc. (US)
- Terex Corporation (US)
- Oshkosh Corporation (US)
- Skyjack (Canada)
- Liebherr Group (Switzerland)
- Deutz AG (Germany), and Other Active Players.
Key Industry Developments
- In June 2024, Bobcat Company, a leader in innovation and digital solutions, introduced its newest technological advancements to the Bobcat Machine IQ telematics platform. The new Remote Engine Disable/Enable feature allowed customer users in North America and Europe to remotely enable or disable their machine’s engine through the Owner Portal or Machine IQ app.
- In February 2024, Genie expanded its portfolio of telehandler attachments, enhancing load handling versatility for the most common applications. The new attachments and carriage options for Genie’s latest generation of GTH™ telehandlers increased the versatility of these jobsite workhorses, making it easier to match equipment functionality to jobsite needs. The new attachments included an auger tool, a truss boom, two multi-purpose buckets, and two new carriage options.
Key Findings of the Study / Key Industry Developments.
- Two-wheel steering accounted for the highest market share in 2023 due to its mobility and versatility.
- Increasing demand for increased efficiency in construction and material handling.
- Development and marketing of electric and hybrid rotating telehandlers.
