Forklift Truck report has been created in such a way that it proves to be the most suitable to the business needs. Moreover, this market report gives idea to clients about the market drivers and restraints with the help of SWOT analysis and also provides all the CAGR projections for the historic year 2017, base year 2018 and forecast period of 2019-2026. This market study also evaluates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Global Forklift Truck Market is expected to rise from its initial estimated value of USD 45.84 billion in 2018 to a projected value of USD 82.92 billion by 2026, registering a CAGR of 7.69% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing levels of construction activities globally which has been caused by increasing prevalence of industrialization.
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Global Forklift Truck Market By Product Type (Warehouse, Counterbalance), Technology Type (IC Engine, Electric Power), Class (Class I, Class II, Class III, Class IV, Class V), End-User (Logistics, Automotive, Retail & Wholesale, Food & Beverages, Others) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Forklift Truck Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Forklift Truck Market
Forklift trucks are automotive vehicles that are used to lift various heavy-weight goods and products over a short distance. These vehicles majorly find their use in various material handling services where there is a need to protect the goods and products and transfer them from one place to another in an industrial environment.
Key Questions Answered in Global Forklift Truck Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Forklift Truck Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Forklift Truck Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Forklift Truck Market?
- Who are Opportunities, Risk and Driving Force of Global Forklift Truck Market?
- Who are the opportunities and threats faced by the vendors in Global Forklift Truck Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Forklift Truck Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- KION GROUP AG;
- EP Equipment, CO.,LTD;
- TOYOTA INDUSTRIES CORPORATION;
- Jungheinrich AG;
- Crown Equipment Corporation;
- DOOSAN INDUSTRIAL VEHICLE AMERICA CORP.;
- Hyster-Yale Materials Handling, Inc.,;
- Hyundai Heavy Industries Co., Ltd.;
- Komatsu Ltd.;
- MITSUBISHI LOGISNEXT CO.,LTD.
- Anhui Heli Industrial Vehicle Imp. & Exp. Co.,Ltd.
- Increasing adoption of e-commerce shopping which uses the product majorly in their warehouses and storage areas
- Increasing areas covered by warehouses and storage areas where there is an increased need for usage of forklift trucks
- Lack in the number of suppliers of raw materials for the production of forklift truck; this factor is expected to act as a restraint to the market growth
- Requirement of the product over certain cycles or periods in the year is expected to restrain the market growth
Key Developments in the Market:
- In June 2018, Hyster-Yale Materials Handling, Inc., announced that they completed the acquisition of 75 percent share of Zhejiang Maximal Forklift Co., Ltd. for USD 90 million. The acquired organisation has been named Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd. This acquisition will help in expanding the global capabilities in providing enhanced product offerings and enhance the presence of the company globally.
- In July 2017, UniCarriers Corporation announced that they had agreed to integrate their business excluding the domestic sales covered throughout the Japan region with their parent company of Mitsubishi Nichiyu Forklift Co., Ltd. The renamed organisation named as “Logisnext UniCarriers Co., Ltd.” will become a distribution subsidiary of the parent organisation.
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Global Forklift Truck Market is segmented on the basis of
- Product Type
- Technology Type
Market Segmentations in Details:
By Product Type
By Technology Type
- IC Engine
- Electric Power
- Class I
- Class II
- Class III
- Class IV
- Class V
- Retail & Wholesale
- Food & Beverages
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Forklift Truck Market
Global forklift truck market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of forklift truck market for global, Europe, North America, Asia-Pacific and South America.
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