Forklift Trucks Market Outlook, Size, Demand, Industry Statistics and Opportunity 2022-2027

The latest report published by IMARC Group, titled "Forklift Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global forklift trucks market size reached US$ 58.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 82.9 Billion by 2027, exhibiting a CAGR of 6.2% during 2022-2027.

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Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2022-2027

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.

Market Trends and Drivers:

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 forklift trucks 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 market further.

Forklift Trucks Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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:

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

Key Market Segmentation:

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

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:
o Warehouses and Distribution Centers
o Construction Sites
o Dockyards
o Snow Plows

• Industrial:
o Manufacturing
o Recycling Operations

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2011&flag=C

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.