Telescopic Boom Forklift Truck Market Report 2026

Telescopic Boom Forklift Truck Market Overview

• Telescopic Boom Forklift Truck market size has reached to $4.31 billion in 2025 • Expected to grow to $6.4 billion in 2030 at a compound annual growth rate (CAGR) of 8.4% • Growth Driver: Surge In Manufacturing Industry Drives Demand For Telescopic Boom Forklift Trucks • Market Trend: Product Innovation Redefines Material Handling • Asia-Pacific was the largest region in 2025.

What Is Covered Under Telescopic Boom Forklift Truck Market?

A telescopic boom forklift truck refers to a versatile material handling machine that combines the capabilities of a forklift and a crane. It is equipped with a telescopic boom that can extend and retract to reach high places or far distances. It is used in construction, agriculture, landscaping, and mining. The main telescopic boom forklift truck power source types are electric, fuel, and hybrid. The term electric refers to anything that is powered by electricity, which is a form of energy that results from the movement of charged particles, such as electrons. The various lift heights are less than 20 feet, 20 feet to 50 feet, 50 feet to 70 feet, and above 70 feet, and used in construction, utility, logistics and transportation, and others.

What Is The Telescopic Boom Forklift Truck Market Growth Forecast?

The telescopic boom forklift truck market size is expected to see strong growth in the next few years. It will grow to $6.4 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to smart infrastructure investments, growth in utility maintenance projects, adoption of electric and hybrid equipment, expansion of logistics hubs, rising focus on jobsite safety. Major trends in the forecast period include rising adoption of multi purpose material handling equipment, growing demand for high reach and heavy load capacity machines, increased use of safety enhanced operator assist features, expansion of rental and leasing models, preference for compact and maneuverable designs.

Tariff Impact On Telescopic Boom Forklift Truck Market

Tariffs have impacted the telescopic boom forklift truck market by increasing the cost of imported steel structures, hydraulic systems, engines, and electronic control components, resulting in higher equipment prices. The impact is most visible across fuel and hybrid powered forklift trucks, particularly in construction and utility applications in regions dependent on global supply chains such as Asia Pacific and Europe. These cost pressures have affected capital investment decisions and rental fleet expansions. At the same time, tariffs are encouraging local manufacturing, regional assembly, and supplier diversification, supporting domestic production capabilities and improving supply chain resilience.

Global Telescopic Boom Forklift Truck Market Segmentation

1) By Power Source: Electric, Fuel, Hybrid 2) By Lift Height: Less Than 20 Feet, 20 feet To 50 Feet, 50 feet To 70 Feet, Above 70 Feet 3) By End-User Industry: Construction, Utility, Logistics And transportation, Other End Users Subsegments: 1) By Electric: Battery Electric Forklift Trucks, Plug-In Electric Forklift Trucks, Lithium-Ion Electric Forklift Trucks 2) By Fuel: Diesel Forklift Trucks, Gasoline Forklift Trucks, Propane Forklift Trucks 3) By Hybrid: Diesel-Electric Hybrid Forklift Trucks, Gasoline-Electric Hybrid Forklift Trucks

What Is The Driver Of The Telescopic Boom Forklift Truck Market?

The growing manufacturing industry is expected to propel the growth of the telescopic boom forklift truck market going forward. The manufacturing industry refers to the sector of the economy that is engaged in producing goods by transforming raw materials or components into finished products. Telescopic boom forklift truck is used in manufacturing industry to position and assemble large and heavy components during the manufacturing process by lifting and transporting heavy loads of materials. For instance, September 2024, according to the Office for National Statistics, a UK-based government department In 2023, the total value of product sales by UK manufacturers reached £456.1 billion, marking a £17.2 billion (3.9%) increase from £438.9 billion in 2022.Therefore, the growing manufacturing industry is driving the growth of the telescopic boom forklift truck industry.

What Is The Driver Of The Telescopic Boom Forklift Truck Market?

The growing manufacturing industry is expected to propel the growth of the telescopic boom forklift truck market going forward. The manufacturing industry refers to the sector of the economy that is engaged in producing goods by transforming raw materials or components into finished products. Telescopic boom forklift truck is used in manufacturing industry to position and assemble large and heavy components during the manufacturing process by lifting and transporting heavy loads of materials. For instance, September 2024, according to the Office for National Statistics, a UK-based government department In 2023, the total value of product sales by UK manufacturers reached £456.1 billion, marking a £17.2 billion (3.9%) increase from £438.9 billion in 2022.Therefore, the growing manufacturing industry is driving the growth of the telescopic boom forklift truck industry.

Global Telescopic Boom Forklift Truck Market Trends and Insights

Major companies operating in the telescopic boom forklift truck market are focused on developing innovative trucks, such as reach trucks, to gain a competitive edge in the market. A reach truck is a type of forklift designed for narrow-aisle applications such as warehouses and distribution centers. For instance, in November 2023, Hyster, a US-based manufacturer of forklifts and other materials-handling equipment, launched RO1.6-2.0 Reach Truck. It is designed specifically for tough applications and mixed indoor or outdoor operations. This robust truck is built for demanding storage, handling, and loading tasks across a wide range of industries. The RO1.6-2.0 Reach Truck features a 3-stage FFL mast and tilting and side shifting fork, which allows it to reach a lifting height of up to 7.5 meters.

What Are Latest Mergers And Acquisitions In The Telescopic Boom Forklift Truck Market?

In January 2023, JLG Industries Inc., a US-based telehandler manufacturing company acquired Hinowa SpA for $192 billion. The acquisition was a strategic move for JLG to expand its product portfolio and increase its global presence in the compact construction equipment market. Hinowa SpA is an Italy-based construction equipment manufacturing company that manufactures telescopic boom forklift trucks.

Regional Outlook

Asia-Pacific was the largest region in the telescopic boom forklift truck market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Telescopic Boom Forklift Truck Market?

The telescopic boom forklift truck market consists of sales of straight mast forklifts, articulated boom lifts, and compact telehandlers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Telescopic Boom Forklift Truck Market Report 2026?

The telescopic boom forklift truck market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the telescopic boom forklift truck industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.