Press release
Forklift Trucks Industry 2020 Top Key Players : Raymond Corporation, Jungheinrich Group, Anhui HELI Co., Ltd, Hyster-Yale Material handling Inc., Mitsubishi Nichiyu Forklift Corporation
Market Research Future(MRFR)
Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/2920
Market Scope
The global forklift trucks market is projected to reach USD 41.73 billion by 2023 at a CAGR of 5.9% over the forecast period. Emergence of various warehouses, goods movement at dockyards, and loading and unloading of goods are major drivers of the market. Developments in ecommerce firms and transportation of heavy and light goods can drive the demand for forklift trucks. Autonomous forklift trucks and hydrogen-fueled trucks can pave the way for brand new opportunities in the market.
The electric version of forklift trucks is being used in large warehouses for moving large consignment of goods. Festival sales and Black Friday discounts lead to heavy demand for gifts from consumer leading to the deployment of trucks for moving at high speeds within the warehouse for meeting deadlines. Recently, Konecranes has launched an electric forklift truck with a low energy consumption rate compared to diesel counterparts. Less expenditure on maintenance and focus on worker safety can lead to heavy demand in the market.
However, safety issues can hamper its demand in the coming years.
Segmentation
Based on component, the market has been classified into hardware (cameras, sensors, laser scanners, and others), software and services (professional and managed). The hardware segment is expected to dominate the mobile mapping market during the forecast period.
By solution, it is segmented into indoor mapping, location-based, asset management, 3D mapping, others.
By application, it is segmented into bridge planning, land surveys, aerial surveys, and others.
By end user, it is segmented into energy & power, real estate & construction, aviation & aerospace, mining, manufacturing, IT & telecom, agriculture, healthcare, marine transport, media & entertainment, others.
FOR MORE DETAILS : https://www.marketresearchfuture.com/reports/forklift-trucks-market-2920
Regional Analysis
Asia Pacific dominates the global forklift trucks market followed by Europe. Growth in industrialization in this region is the primary factor that increases the demand of forklift trucks market. This region is expected to grow at the fastest pace during the forecast period. The high pace of manufacturing and ease of business index of countries in Vietnam, India, China, and others can drive the market demand significantly. Optimization of warehouse space, reducing costs, and demand of customers can bode well for the market.
Europe is another important market and is expected to contribute significantly during the forecast period. Shift to digitization and industry 4.0 can lead to deployment of network-driven forklift trucks and lower worker safety issues. The use of cloud for storing application data of forklift trucks and pushing for driver performance with the help of gamification can bode well for the market in the coming years.
Competitive Outlook
The Raymond Corporation, Jungheinrich Group, Anhui HELI Co., Ltd, Hyster-Yale Material handling Inc., Mitsubishi Nichiyu Forklift Corporation, KION Group AG, Crown Equipment Corporation, Komastu Ltd., Kalmar Global, and Toyota Industries Corporation are key players of the global forklift trucks market.
Market Research Future(MRFR)
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Forklift Trucks Industry 2020 Top Key Players : Raymond Corporation, Jungheinrich Group, Anhui HELI Co., Ltd, Hyster-Yale Material handling Inc., Mitsubishi Nichiyu Forklift Corporation here
News-ID: 2209063 • Views: …
More Releases from Market Research Future (MRFR)
Non-Alcoholic Concentrated Syrup Market Set to Hit 147.3 billion USD by 2035 on …
Global Non-Alcoholic Concentrated Syrup market is witnessing steady expansion, with an estimated valuation of 108.6 USD Billion in 2024. By 2025, the market is expected to reach 112.5 USD Billion, and it is projected to grow further to 147.3 USD Billion by 2035, reflecting a compound annual growth rate of 3.2% over the forecast period. Market growth is primarily fueled by increasing consumer preference for healthier, low-sugar beverage options, rising…
Non-Alcoholic Beer Market Expected to Reach 43.72 billion USD by 2035, Driven by …
Non-Alcoholic Beer Market has experienced significant growth as consumers increasingly seek healthier alternatives that provide the taste and social experience of traditional beer without the effects of alcohol. The market was valued at 19.87 USD Billion in 2024, expanding to 21.35 USD Billion in 2025, and is projected to reach 43.72 USD Billion by 2035, exhibiting a CAGR of 7.43% from 2025 to 2035. This growth is being fueled by…
Gluten-Free Prepared Food Market Projected to Grow at 7.47% CAGR, Reaching 16.67 …
Global gluten-free prepared food market has witnessed robust growth, valued at 7.55 USD Billion in 2024 and estimated at 8.11 USD Billion in 2025. The market is anticipated to reach 16.67 USD Billion by 2035, registering a compound annual growth rate of 7.47% during the forecast period. Growth is primarily driven by increasing awareness of celiac disease and gluten intolerance, combined with rising demand for healthy, convenient, and ready-to-eat food…
Non-Alcoholic Beer Market Expected to Reach 43.72 billion USD by 2035, Driven by …
Non-Alcoholic Beer Market has experienced significant growth as consumers increasingly seek healthier alternatives that provide the taste and social experience of traditional beer without the effects of alcohol. The market was valued at 19.87 USD Billion in 2024, expanding to 21.35 USD Billion in 2025, and is projected to reach 43.72 USD Billion by 2035, exhibiting a CAGR of 7.43% from 2025 to 2035. This growth is being fueled by…
More Releases for MRFR
Keeping Cool: The Booming Data Center Cooling Market | MRFR Reports
In today's digital world, data centers are the unsung heroes. These massive warehouses store and process the ever-growing mountain of information we create, from social media posts to complex scientific simulations. But all this computing power comes at a cost: heat. Just like any machine, data centers can overheat if not properly cooled, leading to malfunctions and even equipment failure. This is where the data center cooling market comes in.
Request…
Mobile Gaming Market: A Comprehensive Overview | MRFR Reports
Mobile gaming has become a ubiquitous part of modern entertainment, with millions of users around the world engaging in games on their smartphones and tablets. This booming industry has seen exponential growth in recent years, driven by advancements in mobile technology, widespread internet access, and the popularity of casual and immersive gaming experiences. In this article, we'll explore the market size of mobile gaming, key trends shaping its growth, challenges…
Solar Rooftop Market: A Comprehensive Analysis | MRFR Research
The solar rooftop market is proliferating on the global platform. The continually growing energy demand and wide adoption of solar rooftops in residential, commercial, infrastructural, and industrial sectors worldwide impact the market growth positively.
Besides, the development of solar parks, funding support for domestic cells & modules, and schemes for grid-connected solar rooftop manufacturing influence the market growth. Rise in solar panel installations and growing government initiatives for infrastructure…
Understanding the Contract Management Market: A Comprehensive Analysis | MRFR Re …
In the realm of business and commerce, managing contracts effectively is a crucial aspect that directly impacts organizational success and compliance. Contract management refers to the process of creating, negotiating, executing, and monitoring contracts between parties, such as businesses, suppliers, vendors, and clients. In this article, we will delve into the market size of contract management solutions, key trends driving their growth, challenges faced by businesses, and future prospects.
What is…
Exploring the Mobile Cobots Market: A Comprehensive Analysis | MRFR Reports
In the world of robotics and automation, mobile cobots have emerged as a revolutionary solution, combining the flexibility of mobility with the collaborative nature of robots. These mobile cobots, short for collaborative robots, are designed to work alongside humans in various industries, offering enhanced productivity, safety, and efficiency. In this article, we will delve into the market size of mobile cobots, key trends shaping their growth, challenges faced by the…
Understanding Enterprise Risk Management (ERM) Market Size | MRFR Reports
In today's rapidly changing business landscape, companies face a multitude of risks that can impact their operations, finances, and reputation. These risks can stem from various sources such as economic downturns, cybersecurity threats, regulatory changes, and natural disasters. To navigate these challenges effectively, organizations implement Enterprise Risk Management (ERM) strategies and solutions. The ERM market plays a crucial role in providing tools and frameworks for businesses to identify, assess, and…
