openPR Logo
Press release

Forklift Truck Market Valued at $51.6 Billion in 2021, Expected to Reach $103.9 Billion by 2031, with a CAGR of 7.5%

02-16-2024 05:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Forklift Truck Market Valued at $51.6 Billion in 2021, Expected

According to a new report published by Allied Market Research, titled, "Forklift Truck Market," ๐“๐ก๐ž ๐Ÿ๐จ๐ซ๐ค๐ฅ๐ข๐Ÿ๐ญ ๐ญ๐ซ๐ฎ๐œ๐ค ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ“๐Ÿ.๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, ๐š๐ง๐ ๐ข๐ฌ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ๐ŸŽ๐Ÿ‘.๐Ÿ— ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐  ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ•.๐Ÿ“% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ : https://www.alliedmarketresearch.com/request-sample/596

๐‹๐ž๐š๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ :

Crown Equipment Corporation,
EP Equipment,
Hangcha,
Hyster-Yale Material Handling, Inc.,
Jungheinrich AG,
Kion Group AG,
Komatsu Ltd.,
Lonking Machinery Co., Ltd.,
Mitsubishi Logisnext Co., Ltd.,
Toyota Industries Corporation.

North America was the highest revenue contributor. The U.S. dominated the global forklift truck market share in North America in 2021, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making advanced, reliable, and efficient forklift trucks. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in procurement and development of advanced forklift truck systems across several Asian nations, for instance, China, India, Japan, and South Korea.

By power source, the forklift truck market has been categorized into IC engine-powered and electric-powered. The IC engine-powered segment accounted for the highest revenue in 2021, owing to high demand for forklift trucks that are driven by an IC engine globally.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/forklift-truck-market/purchase-options

On the basis of class, the forklift truck market is bifurcated into class 1, class 2, class 3, class 4, class 5, and others. The Class 4 segment garnered the highest revenue in 2021, owing to their capability to run on diesel fuel, LP gas, gasoline, or compressed natural gas, along with the superior operability.

On the basis of end use, the forklift truck market is bifurcated into retail & wholesale, logistics, automotive, food industry, and others. The retail & wholesale segment garnered the highest revenue in 2021, owing to large scale usage of forklift trucks in the logistics industry globally.

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜ :

By power source, the electric powered segment is expected to register a significant growth during the forecast period.

On the basis of class, the others segment is anticipated to exhibit significant growth in future.
According to end use, the automotive segment is projected to lead the global forklift truck market.

Region wise, LAMEA is anticipated to register the highest CAGR during the forecast period.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  : https://www.alliedmarketresearch.com/purchase-enquiry/596

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ :

Vacuum Truck Market :
https://www.alliedmarketresearch.com/vacuum-truck-market-A16757

Connected Truck Market :
https://www.alliedmarketresearch.com/connected-truck-market-A09614

Forklift Truck Market :
https://www.alliedmarketresearch.com/forklift-truck-market

Hydrogen Fuel Cell Truck Market : https://www.alliedmarketresearch.com/hydrogen-fuel-cell-truck-market-A74607

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐ฎ๐ฌ :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Forklift Truck Market Valued at $51.6 Billion in 2021, Expected to Reach $103.9 Billion by 2031, with a CAGR of 7.5% here

News-ID: 3386904 • Views: โ€ฆ

More Releases from Allied Market Research

Swimwear Market Navigating Business with CAGR of 4.5% with Revenue of $30.9 billion by 2032
Swimwear Market Navigating Business with CAGR of 4.5% with Revenue of $30.9 bill โ€ฆ
The swimwear market size was valued at $19.8 billion in 2022, and is estimated to reach $30.9 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032. Request The Sample PDF Of This Report @ https://www.alliedmarketresearch.com/request-sample/4670 Market Overview According to the Swimwear Market report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled withโ€ฆ
Sanitary Ware Market to Surge USD 15.9 billion by 2032, Size, Share, Emerging Trends, Key Growth Drivers
Sanitary Ware Market to Surge USD 15.9 billion by 2032, Size, Share, Emerging Tr โ€ฆ
The sanitary ware market size was valued at $9 billion in 2022, and is estimated to reach $15.9 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032. Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/3841 Bathroom fixtures and accessories with a focus on waste disposal and personal cleanliness are referred to as sanitary ware. Examples of sanitary ware include urinals, bidets, sinks, bathtubs, showers, andโ€ฆ
U.S. Insurance Third-party Administrator Market to Hit Growth Rate ~4.6% of CAGR by 2030
U.S. Insurance Third-party Administrator Market to Hit Growth Rate ~4.6% of CAGR โ€ฆ
Third-party administrator acts as an intermediary between the insurance company and policyholder to ensure cashless claims, and reimbursement claims are settled effectively. Increase in health insurance customers has accelerated the quantity of work and led to decrease in the quality of services. Therefore, third-party administrators are established to assist insurers to arrange for cashless treatments for customers demanding seamless claim settlements. In addition, third-party administrators scrutinize hospital bills and documentsโ€ฆ
Expert View: Advanced Glass Market Shows Outstanding Growth at a CAGR of 7.6% by 2027
Expert View: Advanced Glass Market Shows Outstanding Growth at a CAGR of 7.6% by โ€ฆ
The globalย advanced glass marketย generated $57.6 billion in 2019, and is estimated to reach $103.8 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario. Rapid growth of the construction industry, flourishing automotive industry, and surge in need for better infrastructure due to rapid urbanization drive the growth ofโ€ฆ

All 5 Releases


More Releases for Truck

Commercial Truck Leasing Market Report- Applications, Type, Deployment, Organiza โ€ฆ
The Commercial Truck Leasing Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, Commercial Truck Leasing Market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Commercial Truck Leasing Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plansโ€ฆ
Truck Rental and Leasing Market: Year 2020-2027 and its detail analysis by focus โ€ฆ
The research report provides a big picture on "Truck Rental and Leasing market" 2027, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period. This report covers detailed segmentation, complete R & D history, and explanatory analysis including the latest news. Furthermore, the study explains the future opportunities and a sketch of key players involved in the Truck Rental and Leasing hike inโ€ฆ
Semi-Autonomous Truck Truck Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Semi-Autonomous Truck Truck market analysis, which studies the Semi-Autonomous Truck Truck's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global "Semi-Autonomous Truck Truck Market 2020-2025" Research Report categorizes the global Semi-Autonomous Truck Truck market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key playersโ€ฆ
Forklift Truck Market - The Eco-Friendly Future Of The Forklift Truck, Factors W โ€ฆ
Forklift Truck Market 2020-2030: Forklift truck, also called lift truck or fork truck, is a truck used to lift and move material from one place to another. Japan, China, and India are the major economies in Asia-Pacific that contribute to the adoption of forklift trucks. In addition, China's fast-growing e-commerce sector drives the demand for electric forklift trucks such as LMH?EUR(TM)s newly developed pallet stacker. Moreover, stringent government regulations relatedโ€ฆ
Truck Rental and Leasing Market Outlook to 2027 - Budget Truck Rental, DeCarolis โ€ฆ
MARKET INTRODUCTION Truck rental and leasing broadly include the set of professional and/or managed vehicle offered by numerous fleet owners for transportation of industrial or commercial goods. Presently a significant number of market players operate in the market that offer commercial rental and leasing related vehicles for wide range of commercial end-users. Some of the commonly available industry vertical utilizing truck rented or leased trucks are manufacturing, logistics provider, consumer goods,โ€ฆ
Global Truck Cap Cover Market 2019 Industry Analysis : TAG, Truck Hero, Knapheid โ€ฆ
Truck Cap Cover Market 2019 Research report contains a qualified and in-depth examination of Truck Cap Cover Market. At first, the report provides an overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. It also covers detailed competitive outlook including the Truck Cap Cover market share and company profiles of the key participants operating in the global market. Shortโ€ฆ