Forklift Trucks Market Overview 2021-2026 | Industry Size, Share, Growth, Top Companies, Structure, Scope, Challenges and Opportunities

According to the latest report by IMARC Group, titled “Forklift Trucks Market: Global Industry Size, Share, Trends, Growth, Opportunity and Forecast 2021-2026”, the global forklift trucks market reached a value of US$ 54.7 Billion in 2020. Looking forward, IMARC Group expects the global market to reach a value of US$ 72.9 Billion by 2026, exhibiting a CAGR of 4.51% during 2021-2026.

Forklift trucks are industrial machines used to transport materials and goods over short distances. They are also utilized for performing different industrial tasks and handling heavy construction materials. They are operated by trained machinists and comprise two horizontal prongs for loading and unloading. As they are economical, powerful, user-friendly, and easy to maintain, their demand is escalating across the globe.

Get a PDF sample of this report for more detailed market insights: https://www.imarcgroup.com/forklift-trucks-market/requestsample

The burgeoning construction industry represents one of the primary factors catalyzing the demand for forklift trucks worldwide. These trucks are employed in warehouses and distribution centers for delivering components to assembly lines and positioning materials for effective handling. As a result, the increasing number of warehouse establishments is contributing to the overall market growth. Moreover, as they perform multiple industrial tasks, forklift trucks find extensive application in dockyards, factories, and warehouses across the transportation, retail, aerospace, and manufacturing industries. Other factors, such as technological advancements and growing research and development (R&D) activities to improve productivity, are anticipated to drive the forklift trucks market further.

Forklift Trucks Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the forklift trucks market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Godrej & Boyce
Crown Equipment Corporation
Mitsubishi Forklift Trucks
KION Group
Clark Material Handling Company
Hyundai Heavy Industries Co. Ltd.
Jungheinrich
Hyster-Yale Materials Handling Inc.
Toyota Industries Corporation

The report has segmented the global forklift trucks market on the basis of region, product type, technology, class and application.

Breakup by Product Type:
Counterbalanced Forklift Trucks
Warehouse Forklift Trucks

Breakup by Technology:
Electricity Powered
Internal Combustion Engine Powered

Breakup by Class:
Class I
Class II
Class III
Class IV
Class V

Breakup by Application:
Non-Industrial
Warehouses and Distribution Centers
Construction Sites
Dockyards
Snow Plows
Industrial
Manufacturing
Recycling Operations

Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Explore full report with table of contents: https://www.imarcgroup.com/forklift-trucks-market

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
Market Trends
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.