The global demand for Forklift Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XXX units in 2019 and foreseen to touch XXX units by 2026 with a CAGR of X.X% during 2020-2026.
Forklifts are used to load, unload and move materials over a short distance. These are designed to a multitude of a specification, to handle loads with different maximum weight and different centres of gravity. There is a wide selection of styles and models, the most popular forklift are warehouse forklift, side loader, counterbalance forklift, telehandler, industrial forklift, trough terrain forklift, pallet jack, walkie stacker, order picker, and reach fork truck.
Forklift sale is foreseen to grow at a significant rate, driven mainly by the expansion of manufacturing and logistic sector. Rising demand for the forklift is prompted mainly by the growth of the e-commerce industry; there is an increase in online shopping and direct-to-consumer shipments. Seeing the rise of the e-commerce sector, warehouses are hiring more forklifts to keep up with the demand. Several macroeconomic factors such as labour shortages, soaring labour cost, and work pressure is expected to spur the demandsubstaintial rate. An increasing number of the customer is expressing a preference for electric forklift over LPG and diesel-powered trucks due to raising consciousness about the environment. Thus, to support ambitious climate change strategies manufacturers are intensifying investments in the electric segment.However, the high initial cost of and shortage of skilled labour is restraining the demand growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Forklift.
The entire Forklift market has been sub-categorized into fuel, application, and class. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Wholesale & Retail Distribution
- Freight& Logistics
- Class 1
- Class 2
- Class 3
- Class 4
This section covers regional segmentation which accentuates on current and future demand for Forklift market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Forklift Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Forklift market include Mitsubishi Nichiyu Forklift Co., Ltd., Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, Crown Equipment Corporation, Jungheinrich AG. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.