According to the recent report published by Research Corridor, the Global Forklift Trucks Market is expected to provide sustainable growth opportunities during the forecast period from 2020 to 2027. This latest industry research study analyzes the Forklift Trucks market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.
The global forklift trucks market size is estimated to grow at a significant CAGR of around 7% during the forecast period 2021 to 2027 and expected to reach over USD 80 billion by 2027. The increasing demand for material handling equipment across the world is a primary factor to drive the market growth. The rapid growth in the e-commerce logistics industry is further expected to fuel the market growth over the forecast period. The e-commerce industry size was valued at over USD 11 trillion in 2020, which is supporting the e-commerce logistics market growth.
The report titled "Forklift Trucks Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Forklift Trucks industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Forklift Trucks market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Forklift Trucks Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Data Forklift Trucks Market Segmentation:
By Product Type:
- Reach Forklift Truck
- Counterbalance Forklift Truck
By Engine Type:
- Gasoline & LPG/CNG
By Vehicle Class:
- Class I
- Class II
- Class III
- Class IV
- Class V
- Food Industry
- Wholesale & Retail
- Mining & Construction
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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List of Key Companies:
- Toyota Industries Corporation
- Hyundai Heavy Industries
- Mitsubishi Nichiyu Forklift Co., Ltd
- Crown Equipment Corporation
- Hyster-Yale Materials Handling Inc.
- Hangcha Group Co., Ltd.
- Clark Material Handling International, Inc.
- Kion Group AG
- Jungheinrich AG
- Hyster-Yale Materials Handling
- Anhui Forklift Truck
Key Questions Answered by Forklift Trucks Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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Research Corridor is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities optimize strategies. Our expert’s team of analysts provides enterprises with strategic insights. Research Corridor works to help enterprises grow through strategic insights and actionable solutions. Feel free to contact us for any report customization at [email protected] .
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