Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Forklift
Truck Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Forklift Truck Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Forklift Truck Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Forklift Truck Market is offered. In accordance with the
report, the global Forklift Truck Market is projected to expand at a CAGR of 7.3
% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
A forklift truck
is a power industrial truck which is used to lift and move heavy and bulk
materials from one place to another. Use of Forklift trucks have become
indispensable for warehousing and manufacturing industries.
There has been
an ever increase demand for consumer goods, thereby increasing the requirement
for warehousing space for storage of the goods and products. These products are
then distributed to retail stores via pallets and cases. A forklift is
specially used to arrange and place such materials in an organized way, to
reduce time and space and cause minimum damage. With an increase in demand of
warehousing facilities specially due to growth of e-commerce industry, the
global Forklift Truck market is expected to grow considerably over the forecast
period. Forklifts enhances the efficiency, thereby reducing the operation cost.
There has been an increase in initiatives taken by the Government related to
the development of infrastructure, and this rise in investment in the infrastructure
industry may also propel the growth of this market.
However, there
has been a tremendous rise in accidents related to forklift trucks. Forklift
trucks can be operated only by operators who have acquired forklift training
and are certified. These trainings must adhere to national standards. There has
been an increasing number of occupational hazards, safety issues and accidents
caused by forklifts and this can restrain the growth of global forklift truck
market globally.
The rapid growth
of industries like e-commerce and construction in emerging economies like APAC
led by China and Japan made it the largest forklift truck market in 2019 and is
expected to lead the market in the forecast period.
There have been
many discoveries in the field of technology and many manufacturers are now
introducing new features to facilitate the industry and low expenditure
consuming technologies. New systems have been introduced by various
manufacturers like Pedestrian Detection System and Ultrasound radars and RF
systems wherein sensors are placed to detect objects and pedestrians from a few
centimeters to several meters, alerting the driver of the potential risk of an
accident.
Segment Covered:
This market
intelligence report on the global Forklift Truck Market encompasses market
segments based on product type, class, fuel type, power source, technology, end
users and country/regions.
In terms of product type, the global Forklift
Truck Market is segregated
into
§ Warehouse Forklift
§ Counterbalance Forklift
§ Others
By class, the global Forklift Truck Market is also classified into,
§ Class 1
§ Class 2
§ Class 3
§ Class 4
§ Class 5
By fuel type, the global Forklift Truck Market is also classified into,
§ IC Engine Powered
§ Motorized Hand
§ Electric Powered
By power source, the global Forklift Truck Market is also classified into,
§ Internal Combustion Engine
§ Electric Motor
By end users, the global Forklift Truck Market is also classified into,
§ Transportation & Logistics
§ Retails & Wholesale Industry
§ General Manufacturing
§ Construction
§ Mining
§ Logistics
§ Food & Beverage Industry
§ Automotive
§ Agriculture
§ Natural Resources
§ Others
By country/region, the global Forklift Truck Market has been divided into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Anhui Heli Co. Ltd
§ Clark Medical Handling Company
§ Crown Equipment Corporation
§ Doosan Corporation Industrial Vehicle
§ Ep Equipment Co. Ltd
§ Godrej & Boyce Manufacturing Company Limited
§ Hangcha Group Co. Ltd
§ Hyster – Yale Materials Handling Inc.
§ Jungheinrich AG
§ Kion Group AG
§ Komatsu Ltd
§ Lonking Holdings Limited
§ Mitsubishi Logisnext Co. Ltd
§ Toyota Industries Corporation
§ Unicarriers Americas Corporation
§ Hyster – Yale Materials Handling
§ Komatsu
§ Hyundai Heavy Industries and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Forklift Truck
related investment & spending and developments by major players of the
market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Forklift Truck Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Forklift Truck Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Anhui Heli Co. Ltd,
Clark Medical Handling Company, Crown Equipment Corporation, Doosan Corporation
Industrial Vehicle, EP Equipment Co. Ltd., Godrej & Boyce, Hangcha Group
Co. Ltd., Hyster – Yale Material Handling Inc., Hyundai Heavy Industries Co.
Ltd., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Holding Limited,
Mitsubishi Logisnext Co. Ltd., Toyoto Industries Corporation, Unicarriers
Americas Corporation, and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Forklift Truck Market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Forklift Truck Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Forklift Truck Market
v
Identification
of key factors driving investment opportunities in the Forklift Truck Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants