According to a new market report published by Lucintel, 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% 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.
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In this market, forklift Truck use internal combustion engine powered and electric powered technologies. On the basis of comprehensive research, 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.
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. 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 are among the major suppliers of the forklift truck market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global forklift truck market by technology, class, application, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Forklift Truck Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. 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
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.