This year's T30 ranking of North American telehandler rental fleets shows steady growth in the industry, with all but one company on the list adding units to their fleets.
Our annual ranking is now at a record high with 92,893 total units, an increase of 6.67% compared to last year's total units of 87,086. Looking at the top 5 companies, fleet size has increased by his 6.75%, and the top 10 companies are giving him the most growth with his 6.77%.
This demand for one of the most versatile parts of construction equipment is consistent with current market drivers such as infrastructure, mega-projects, onshoring, and replacement of aging vehicles.
According to a recent study published by Off-Highway Research (OHR), 2023 was a banner year for U.S. construction equipment sales, with telehandler sales topping the list.
“Growth was strong in the U.S., with sales increasing in most individual product categories,” said Chris Slight, OHR Global Managing Director. “But it was the telehandlers that stood out in terms of both growth and volume.”
Total sales of construction equipment for the year exceeded 305,000 units, an 8% increase over the previous year, setting new records for construction equipment sales for the third consecutive year. It is also the first time in history that construction equipment has exceeded his 300,000 units in the United States. According to OHR, sales of telehandlers have increased by more than a third, with 30,000 units brought to market, accounting for nearly 10% of total machine sales, which is the most recent in line with OEM quarterly results.
JLG reported first quarter telehandler sales of US$373.4 million, an increase of 9.37% year over year. In the quarter, JLG's total sales of access equipment reached USD 1.24 billion, of which aviation equipment sales accounted for USD 591 million, and the company's “other” category sales accounted for USD 273.1 million. was. If you exclude “Other” from his two main access categories for JLG, telehandler sales amount to 38.7% of his JLG sales.
“The demand for aerial platforms and telehandlers in North America is driven by infrastructure investments, megaprojects, industrial land projects, and vehicle aging,” said John C. Pfeiffer, president, CEO, and director of Oshkosh. The market continues to be strong, supported by strong economic growth.” “We're really happy with the access market, and we think it's going to continue to drive demand going forward. We talked about very strong orders in the fourth quarter. 940 million, which exceeded our expectations, so we are currently fully booked through 2024.”
John Boehme, JLG's senior product manager for telehandlers, spoke directly about the telehandler market, saying, “As all infrastructure projects begin this spring and summer, small, versatile products like compact telehandlers will The overall market demand for high-end equipment is currently very strong, which means that the largest users of telehandlers continue to be general contractors.”
Manitou has similar sentiments. “These machines are expected to be in great demand in related industries such as home construction and concrete contractors,” he says Steve Kiskunas.
United Rentals saw growth and demand in both non-construction markets and construction led by industrial end markets.
Product Manager — Telescopic Handler, Manitou. “Overall demand is increasing, with more telehandlers being sold in many markets in the North American region. Part of the increase in demand is because these units have made telehandlers much more available. Contractors who previously thought they couldn't afford a telescopic telehandler are now finding it more practical and affordable than ever before.
Looking at rentals, Matt Flannery of United, the world's largest construction equipment rental company, said he is seeing growth and demand in both the construction sector, led by non-lease and industrial end markets, particularly in manufacturing and utilities. He said that the company's strengths can be seen in the business and downstream fields.
“2024 will continue to see strong demand across a variety of end markets, customer segments and geographies,” Flannery recently told investors. “This diversification provides growth and resilience.”
However, United Airlines, ranked No. 1 in this year's T30, has minimally increased the number of telehandlers in the past 12 months, increasing its total number by 2.29% to 35,800.
Meanwhile, Sunbelt, Herc Rentals, and H&E Equipment Services all saw double-digit growth in their telehandler fleets, with H&E increasing more than 12% to a total of 8,300 units.
Jim Koontz, founder of Michigan-based AeroLift, says the adaptability and flexibility of telehandlers keeps these machines in demand.
On the independent side, Jim Koontz, founder of Michigan-based Aerolift (the aforementioned company that has maintained its fleet at the same level as in 23 years), says telehandlers' adaptability and flexibility make them The company maintains demand for its machines.
“We have seen some of the most impressive growth come from mini and maxi versions of telehandlers,” Koontz says. “The telehandler market in North America and the region continues to mature and grow gradually. More and more trades are realizing the benefits of this great tool and the attachments that make it even more versatile.”
Entry and expansion
New to this year's list is Canada's Cooper Equipment Rentals, joining T30 in 11th place. The company has an estimated 875 telehandlers.
Cooper has invested C$175 million in its fleet in 2022 and expects that investment to continue, but will take a flexible approach, CEO Doug Dougherty said. There is.
“When we were uncertain about the availability of equipment, we stocked up and said let's buy,” Dougherty said. “We don't know when we're going to land, so let's keep going. We've landed a lot of equipment over the last two years. Now we can take a flexible approach to our CapEx planning and say, 'We know we're going to get equipment.' I think you can say, “If I get the chance, I'll write you a check.''
“We recognize that some of the most impressive growth has come from the mini and maxi versions of telehandlers. We are also seeing a growing presence of rotators. Their market is now meeting our needs. We’re not interested because it doesn’t fit,” Doherty says.
About Telehandler20 SurveyThe Telehandler30 study was conducted in the spring of 2024. Where companies were reluctant to provide numbers, we developed our own estimates based on annual report data and advice from industry participants. We would like to thank everyone for their cooperation. If you would like to be included on next year's list or want a head start on future Aerials20 lists, please contact us. A.L.H. Email Editor Lindsay Anderson [email protected]. Please include the size of your current aircraft or telehandler fleet, how many units you had last year, and the address of your company's website. |
