Report Feature
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
Electric Powered
By Class [Value ($ Million) from 2015 to 2026]:
Class 1
Class 2
Class 3
Class 4
Class 5
Others
By Application [Value ($ Million) from 2015 to 2026]:
Retail & Wholesale
Logistics
Automotive
Food Industry
Others
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
APAC
China
India
Japan
ROW
Middle East
Brazil
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.
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Features of the Global Forklift Truck Market |
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This report answers following 11 key questions |
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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? |
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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