Press release
Forklift Truck Market Size Projected To Show Strong Growth | Crown Equipment Corporation, EP Equipment
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COVID Impact Analysis: The outbreak of COVID-19 pandemic has led to several forklift manufacturers to either suspend or significantly reduce their production capacity to limit the spread of the virus. Automotive, manufacturing, logistics, materials handling among others companies shut down their plants, owing to the governments of various countries imposed strict lockdown measures. Due to these factors, there has been a shortage of demand for forklift trucks in various countries. Furthermore, disruptions in the supply chain are expected due to border closures and traffic delays.
The market is anticipated to witness significant growth over the years, owing to surge in investments in the infrastructure industry and developments in the e-commerce industry. The forklift truck market is segmented on the basis of power source, class, end user, and region. By power source, the market is bifurcated into IC engine powered and electric powered. By class, market is categorized into class 1, class 2, class 3, class 4, class 5, and others. By end user, it is divided into retail & wholesale, logistics, automotive, food industry, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the global forklift truck market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET PLAYERS
o Crown Equipment Corporation
o EP Equipment
o Hangcha
o Hyster-Yale Materials Handling, Inc.
o Jungheinrich AG
o KION GROUP AG
o Komatsu Ltd.
o Lonking Machinery Co., Ltd.
o Mitsubishi Logisnext Co., Ltd.
o Toyota Industries Corporation
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KEY MARKET SEGMENTS
By Power Source
o IC Engine Powered
o Electric Powered
By Class
o Class 1
o Class 2
o Class 3
o Class 4
o Class 5
o Others
By End Use
o Retail & Wholesale
o Logistics
o Automotive
o Food Industry
o Others
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? Australia
? Malaysia
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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