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The future of the global forklift truck market looks promising with opportunities in the automotive, logistics, retail & wholesale, food industry, and other segments. The global forklift truck market is expected to grow with a CAGR of xx%-xx% from 2021 to 2026. The major drivers for this market are growth in the e-commerce industry, rising investments in the infrastructure industry, and rising demand in the retail sector.
Emerging trends, which have a direct impact on the dynamics of the industry, include production of hydrogen fuel cell forklifts, development of autonomous forklift trucks, and increase in safety and comfort features.
A total of xx figures / charts and xx tables are provided in this more than 150 page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies’ researched and other details of the global Forklift Truck market report, please download the report brochure.
The study includes trends and forecast for the global forklift truck market by technology, class, application, and region, as follows:
By Technology [Value ($ Million) from 2015 to 2026]:
IC Engine Powered
By Class [Value ($ Million) from 2015 to 2026]:
By Application [Value ($ Million) from 2015 to 2026]:
Retail & Wholesale
By Region [Value ($ Million) from 2015 to 2026]:
Some of the Forklift Truck companies profiled in this report include Komastu Ltd., Toyota Industries Corporation, KION Group AG, Hyster-Yale Material handling Inc., Jungheinrich Group, Mitsubishi Nichiyu Forklift Corporation, Crown Equipment Corporation, The Raymond Corporation, Anhui HELI Co., Ltd and Kalmar Global.
Lucintel forecasts that electric powered technology will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to zero emission and zero noise pollution, and with the rapid advancement in technology, there is a lot of potential for electric-powered forklift Truck due to their growing applications and popularity.
Within the global forklift truck market, the logistics segment is expected to witness the highest growth over the forecast period due to the increase in requirement of warehousing space for storage of products. Warehouse technologies are adopted to distribute products to required locations.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to growth in industrialization and increase in the demand for the forklift truck market.
Komastu Ltd., Toyota Industries Corporation, KION Group AG, Hyster-Yale Material handling Inc., Jungheinrich Group, Mitsubishi Nichiyu Forklift Corporation, Crown Equipment Corporation, The Raymond Corporation, Anhui HELI Co., Ltd and Kalmar Global.
Features of the Global Forklift Truck Market
Market Size Estimates: Global forklift Truck market size estimation in terms of value ($M) shipment.
Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments.
Segmentation Analysis: Global forklift Truck market size by various segments, such as by technology, class and application in terms of value
Regional Analysis: Global forklift Truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different by technology, class, application and regions for the global forklift Truck market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global forklift Truck market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global forklift truck market by technology (internal combustion engine powered and electric powered), class (class 1, class 2, class 3, class 4, class 5, and others), application (automotive, logistics, retail & wholesale, food industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity did occur in the last five years?