Market Analysis and Size
Forklift trucks have been deployed for lifting and transferring heavy materials, such as crates, container goods, and other such components, over a short distance. These heavy-duty electric lift trucks are ideal for warehousing operations, recycling operations and dockyards to perform numerous functions.
They assist in moving packed goods around the storage area, and loading and unloading goods from vehicles. Global Forklift Truck Market was valued at USD 48.12 billion in 2021 and is expected to reach USD 118.29 billion by 2029, registering a CAGR of 11.90% during the forecast period of 2022-2029. Class III: Electric Motor Pedestrian Trucks accounts for the largest application segment in the respective market owing to the high demand in warehouses and distribution centers. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
A wide ranging FORKLIFT TRUCK MARKET report offers an examination of a range of segments that are relied upon to witness the quickest development amid the estimate forecast frame. A complete discussion about numerous market related topics in this market report is sure to aid the client in studying the market on competitive landscape. The company profiles of all the key players and brands that are dominating the market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report. FORKLIFT TRUCK MARKET market survey report also gives an idea about consumer’s demands, preferences, and their altering likings about particular product.
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Some of the key questions answered in this report:
- How has the Forklift Truck Marketperformed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Forklift Truck Market?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Forklift Truck Marketand who are the key players?
- What is the degree of competition in the industry?
Global Forklift Truck Market Scope and Market Size
The forklift truck market is segmented on the basis of product type, power source, fuel type, tonnage, class and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Internal Combustion Forklift Truck
- Electric Forklift Truck
- Class V (IC Engine Forklift Trucks, Pneumatic Tire)
- Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires)
- Class I (Electric Motor Rider Forklift Trucks)
- Class III (Electric Hand Forklift Trucks)
- Class II (Electric Motor Narrow Aisle Forklift Truck)
- Class VI (Electric and IC Engine Tractors)
- Class VII (Rough Terrain Forklift Truck)
- Below 5 Ton
- 5 To 10 Ton
- 11 To 36 Ton
- 36 Ton And Above
- Freight and Logistic
- Food Industry
- Paper and Wood
Forklift Truck Market Regional Analysis/Insights
The forklift truck market is analyzed and market size insights and trends are provided by country, product type, power source, fuel type, tonnage, class and industry.
The countries covered in the forklift truck market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Key player Forklift Truck Market
Some of the major players operating in the forklift truck market are
- Jungheinrich AG (Germany)
- Hyster-Yale Group, Inc (US)
- KION GROUP AG (Germany)
- Lift Technologies, Inc (US)
- Crown Equipment Corporation (US)
- Toyota Industries Corporation (Japan)
- Mitsubishi Logisnext Co., Ltd (Japan)
N.V, GELITA AG , Tissue Regenix, and AMARANTUS BIOSCIENCE HOLDINGS, INC., among others.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Forklift Truck MarketShare by Product & Procedure type
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