Forklift Truck Market Size 2021 Worth US$ 25.04 Billion by 2027 | Top Growth Companies - Toyota , Mitsubishi Nichiyu Forklift Co., Ltd., JBT Corporation

The Global Forklift Truck Market is predicted to reach US$ 25.04 Billion by 2027, growing at a CAGR of 4.02% from 2019 to 2027.

Coherent Market Insights' New Report, "Forklift Truck Market," examines the competitive landscape and forecasts for future growth. The Forklift Truck market research for the analysis period of 2021 – 2027 includes an in-depth investigation of several new and notable industry trends, engagement analysis, and a very extensive geographical analysis.

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A forklift truck is a powered industrial truck that lifts, transports, and moves products across short to medium distances. The first forklift truck was produced by various enterprises, including Clark, which invented rear transmissions, and Yale & Towne Manufacturing Company, which developed front transmissions. Because front engines do not need to idle for the back to shift gear, they are more fuel efficient than rear engines. Forklifts, on the other hand, can be classed based on the sort of engine they use. An eight-stroke forklift motor is required if a company regularly uses the forklift for heavy lifting duties. The forklift truck can haul huge loads with ease because to the eight-stroke engine's increased horsepower and torque. Counterbalance forklift trucks, boom trucks, bucket trucks, pallet trucks, and dollies are all examples of forklift trucks.

Scope of Forklift Truck Market: -

The report provides a detailed analysis of the major players in the global Forklift Truck market, with a focus on their market share, gross margin, net profit, sales, product portfolio, new applications, recent innovations, and other variables. It also sheds light on the vendor landscape, helping participants to foresee future competitive developments in the global Forklift Truck industry.

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Global Forklift Truck Market: Competitive Background

Prominent players in the global forklift market are Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Crown Equipment Corporation, Mitsubishi Nichiyu Forklift Co., Ltd., UniCarriers Americas Corporation, Anhui Heli Company Limited, Komatsu Ltd., Clark Material Handling Company, Doosan Industrial Vehicle, Hangcha Group Co., Ltd., JBT Corporation, Combilift Ltd, Godrej & Boyce Mfg. Co. Ltd., and Linde Material Handling.

The following are some key takeaways from the COVID-19 impact assessment:

COVID-19's socioeconomic influence on the world economy and the Forklift Truck market.

Changes between supply and demand.
COVID-19 forecasts the industry's growth over the long term.
Global Forklift Truck Market: Segmentation -

By Product Type (Warehouse (pedestrian, rider) and Counterbalance)

By Class (Class I: electric motor rider trucks, Class II: electric motor narrow aisle trucks, Class III: electric motor pedestrian trucks, Class IV: internal combustion engine trucks (solid/cushion tires)

Class V: internal combustion engine trucks (pneumatic tires)

Class VI: electric and internal combustion engine tractors, and Class VII: rough terrain forklift trucks)

By Fuel Type (Diesel, Gasoline & LPG/CNG, and Electric/Hybrid)

By Engine Type (Internal Combustion (IC) Engine Power and Electric Power)

By Lifting Capacity (< 5 ton, 5 ton - 10 ton, 11 ton - 36 ton, and > 36 ton)

By End-use Industry (Retail & Wholesale, Transportation & Logistics, Automotive and Electrical Engineering, Food Industry, and Other Industries (chemical, wooden, and paper & print industry))

The Following is a Summary of the Regional Analysis:

· North America, Europe, Asia-Pacific, South America, Middle East & Africa, and South East Asia make up the Forklift Truck market.
· The study details the contribution of each geography to overall growth.
· Each regional market's growth rate, revenue, and sales are extensively analyzed.

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Report Highlights:

• In-depth knowledge of Forklift Truck Market's current market trends, opportunities, and problems
• A thorough examination of the development drivers and roadblocks.
• In-depth knowledge of the market's upcoming opportunities.
• A list of segments and specialist areas to consider.
• Detailed information on the strategy that important players are employing.

Table of Contents:

· Forklift Truck Market Industry Overview

· Forklift Truck Market Industry Chain Analysis

· Market for Forklift Truck Manufacturing Technology

· Forklift Truck Market Analysis by Major Manufacturers

· Forklift Truck Market Production, Revenue, and Price Analysis by Regions, Manufacturers, Types, and Applications

· Forklift Truck Consumption Volumes, Value, Import, Export, and Sale Price Analysis by Regions

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Coherent Market Insights -

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This release was published on openPR.