Forklift Trucks Market to See Massive Growth by 2027 - Toyota, Kion, Jungheinrich

Forklift Trucks Market Overview 2022:

Industry Data Analytics recently released a new report titled Forklift Trucks Market Insights, Size, Forecast to 2027. The report is prepared using primary and secondary research methodologies that provide an accurate and summarizing understanding of the Forklift Trucks market. Analysts used a top-down and bottom-up approach to evaluate the segments and give a fair assessment of their impact on the Forklift Trucks market. The report provides a market overview that briefly describes the market status and key segments. It also mentions the top players in the Forklift Trucks market.

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global forklift truck market size was valued at $46.01 billion in 2021 and is projected to reach $82.40 billion by 2027, registering a phenomenal CAGR of 7.4% during the review period (2022 to 2027).

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The Forklift Trucks market research report includes SWOT analysis and Porter's Five Forces Analysis which help to deliver the accurate evolution of the market. These market measurement tools help to identify drivers, restraints, weaknesses, Forklift Truck's market opportunities, and threats. The research report provides figures on the global market as well as figures on the regional markets and their segments.

Key Players Mentioned in the Forklift Trucks Market Research Report:

Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha, Clark Material Handling, Doosan Corporation Industrial Vehicle, Komatsu, Lonking, Hyundai Heavy Industries, EP Equipment, Manitou, Paletrans Equipment, Combilift, Hubtex Maschinenbau, Godrej & Boyce, and others.

Industry News:

In October 2019, The Traigo 80 heavy-duty electric forklift was introduced by Toyota. In April 2020, the company added two new sit-down counterbalance, four-wheel electric lift truck models to its lineup. The new 3,000-pound and 3,500-pound models are expected to have up to 27% faster travel, lift, and lower speeds, as well as a 12% increase in run-time over the previous models.

In December 2020, Wolter Group LLC announced the acquisition of A D Lift Truck, a family-owned material handling and forklift company. The purchase broadens the company's offering of gas and electric forklifts.

The Forklift Trucks research report begins with an executive summary that offers a brief overview of the market. It names the leading segments and players that will shape the market in the coming years. The executive summary provides an unbiased view of the market.

The report also highlights the restraints in the Forklift Trucks market. The analysts have discussed the details and highlighted the factors that are likely to hamper the growth of the market in the coming years. The changing lifestyles, tax policies, and purchasing power of different economies have been studied in detail. The report makes a good case for how these limitations if properly evaluated, can be turned into opportunities.

Forklift Trucks Market: Segmentation Analysis

By Type:

Class 1 Forklift Trucks
Class 2 Forklift Trucks
Class 3 Forklift Trucks
Class 4/5 Forklift Trucks

By Application:

 Warehouses
Factories
Distribution Centers
Others

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Regional Breakout for Forklift Trucks Market:

North America is expected to have the highest sales growth:

During the forecast period, North America is expected to have the highest sales growth in the region. This anticipated expansion is due to prominent players in the United States. These players are investing heavily in advanced and modern forklift trucks rather than traditional forklift trucks.
Alternative energy-powered forklift trucks, such as hydrogen, are also gaining traction in the global forklift truck market. Through various incentives and policies, governments in various regions support the growth of the forklift truck market.

For a comprehensive understanding of market dynamics, the global Forklift Trucks market is analyzed across key geographies namely: North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

The TOC includes following things which are deeply analyzed by our researchers:

Report Overview: It includes major players of the Forklift Trucks market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Forklift Trucks market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Forklift Trucks market are discussed.

Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application: Besides an overview of the Forklift Trucks market by application, it gives a study on the consumption in the Forklift Trucks market by application.

Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles: Almost all leading players of the Forklift Trucks market are profiled in this section. The analysts have provided information about their recent developments in the Forklift Trucks market, products, revenue, production, business, and company.

Market Forecast by Production: The production and production value forecasts included in this section are for the Forklift Trucks market as well as for key regional markets.

Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the Forklift Trucks market as well as for key regional markets.

Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the Forklift Trucks market.

Key Findings: This section gives a quick look at the important findings of the research study.

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This release was published on openPR.