Press release
Forklift Truck Global Market Report 2024 To 2033 | Anhui HELI Co. Ltd., Crown Equipment Corporation, Godrej & Boyce Mfg. Co. Ltd., Hangcha Group Co. Ltd
Forklift Truck Market Share
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7252&type=smp
According to The Business Research Company's, The forklift truck market size has grown rapidly in recent years. It will grow from $63.29 billion in 2023 to $69.73 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to growth in the manufacturing and construction industries, expansion of warehouse and logistics operations, adoption of forklift trucks for material handling, advances in forklift technology, including electric and fuel-efficient models, increased demand for e-commerce.
The forklift truck market size is expected to see rapid growth in the next few years. It will grow to $106.48 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to surge in demand for electric forklift trucks for environmental sustainability, integration of iot and telematics for enhanced forklift fleet management, growth in the e-commerce industry, with a focus on automated material handling, adoption of hydrogen fuel cell technology in forklifts for cleaner energy, expansion of construction and infrastructure projects. Major trends in the forecast period include development of autonomous and robotic forklifts, emphasis on ergonomic designs, use of lithium-ion batteries for electric forklifts, customization of forklifts for specific industry applications and tasks, integration of predictive maintenance technologies.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/forklift-truck-global-market-report
Market Drivers and Trends:
The growing construction industry is expected to propel the growth of the forklift truck market going forward. Construction refers to the building of residential, commercial, industrial, institutional, and infrastructure types of construction. These forklift trucks are used in the construction industry for various tasks such as unloading pallets of blocks or bricks, steel joists, and construction equipment and materials, especially in hauling them from the delivery truck and carrying them to the construction site. For instance, according to the Office of National Statistics UK, the monthly construction output increased by 3.5% in volume in November 2021. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the growing construction industry is driving the growth of the forklift truck market.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Anhui HELI Co. Ltd., Crown Equipment Corporation, Godrej & Boyce Mfg. Co. Ltd., Hangcha Group Co. Ltd., Hyster-Yale Materials Handling Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Mitsubishi Logisnext Co. Ltd., Toyota Industries Corporation, Clark Material Handling Company, Combilift Ltd, Doosan Industrial Vehicle, EP Equipment, Hyundai Heavy Industries Co. Ltd, Lift Technologies Inc, Linde Material Handling, Lonking Machinery Co. Ltd., The Raymond Corporation, UniCarriers Americas Corporation., Manitou Group, Tailift Group, LiuGong Machinery Corporation, Lonking Holdings Limited, EP Equipment Co. Ltd., Hubtex Maschinenbau GmbH & Co. KG, Hangzhou UN Forklift Co. Ltd., Paletrans Equipamentos Ltda
Forklift Truck Market 2024 Key Insights:
• The forklift truck market size is expected to see rapid growth in the next few years. It will grow to $106.48 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%.
• Construction Industry Growth Fuels Expansion Of Forklift Truck Market
• Innovation In Forklift Truck Market
• Asia-Pacific was the largest region in the forklift truck market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7252&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Global Market Report 2024 To 2033 | Anhui HELI Co. Ltd., Crown Equipment Corporation, Godrej & Boyce Mfg. Co. Ltd., Hangcha Group Co. Ltd here
News-ID: 3752059 • Views: …
More Releases from The Business research company
Market Trend Insights: The Impact of Emerging Developments on the Insurance Busi …
The insurance business process outsourcing industry is gaining significant traction as companies seek more efficient ways to manage insurance operations. With evolving technologies and a growing number of insurers, this market is set for considerable expansion in the coming years. Let's explore the current market valuation, key players, emerging trends, and segmentation details shaping this sector.
Projected Growth and Market Size of the Insurance Business Process Outsourcing Market
The insurance…
Trends in Growth, Segment Analysis, and Competitive Approaches Influencing the M …
The marine insurance sector is set to undergo significant expansion in the coming years, driven by technological advancements and evolving global risks. This market is adapting to new challenges and opportunities, reflecting shifts in maritime operations and increasing demands for specialized coverage. Here is an in-depth look at the marine insurance market's size, key players, emerging trends, and the main segments fueling its growth.
Projected Expansion and Market Size of Marine…
Analysis of Key Market Segments Driving the Syndicated Loans Market
The syndicated loans market is poised for substantial expansion in the coming years, driven by a combination of financial trends, investor preferences, and global economic factors. This report explores the projected market size, leading players, notable trends, and segmentation to provide a comprehensive overview of this evolving sector.
Expected Market Size and Growth Trajectory of the Syndicated Loans Market
The syndicated loans market is anticipated to experience rapid growth, reaching…
Market Trend Analysis: The Impact of Emerging Developments on the Remittance Mar …
The digital remittance sector is set for remarkable expansion in the coming years, driven by technological innovations and evolving financial regulations. As cross-border money transfers become more seamless and secure, the industry is positioning itself for impressive growth. Let's explore the projected market size, key players, prevailing trends, and detailed market segments shaping this fast-evolving domain.
Forecasted Market Size and Growth of the Digital Remittance Market
The digital remittance market…
More Releases for Forklift
Redway Power Expands Lithium Forklift Battery Solutions Across Global Forklift B …
Redway Power today announced the continued expansion of its lithium forklift battery solutions [https://www.redwaypower.com/forklift-batteries-solution/], delivering a comprehensive and scalable alternative to traditional lead-acid batteries for electric forklifts worldwide. With voltage options ranging from 24V to 144V and available capacities from 50Ah up to 2000Ah, Redway Power supports a wide variety of forklift models and operating requirements across warehouse, manufacturing, logistics, and cold-storage environments.
As industries increasingly transition from lead-acid to lithium…
Forklift Accidents Lawyer Keetick L. Sanchez Releases Comprehensive Guide on Nav …
Forklift accidents lawyer [https://accidentlawyer-queens.com/construction-accident-attorney/new-york-city-forklift-accidents-lawyer/] Keetick L. Sanchez of K L Sanchez Law Office has recently unveiled an insightful article exploring the complexities and legal nuances of forklift accidents. The article, designed to educate both workers and employers, underscores the prevalence of forklift accidents in industrial and construction settings and highlights the critical importance of adhering to safety standards.
Forklift accidents, although common in various workplaces, can lead to severe injuries or…
Forklift Trucks Market SWOT Analysis by Leading Key Players:Mitsubishi Nichiyu F …
According to HTF Market Intelligence, the Global Forklift Trucks market to witness a CAGR of 6.41% during the forecast period (2024-2030). The Latest Released Forklift Trucks Market Research assesses the future growth potential of the Forklift Trucks market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and…
Electric Reach-type Forklift Market Growing Strategies - Komatsu, Toyota, Mitsub …
MarketsandResearch.biz has just released a new market research study named Global Electric Reach-type Forklift Market gives a comprehensive overview of the current and future phases of the market during 2023 to 2029 time-period. The report helps clients to predict investment in an emerging market, expansion of market share, or success of a new product with the help of global market research analysis. This report provides a very evident understanding of…
Global Forklift Counterweight Market analysis and forecast Report 2021-2028 by t …
The new insights on the global Forklift Counterweight market report provides a detailed inspection of the variable patterns and factors affecting the progression of the Forklift Counterweight market. It also has a brief evaluation key statistics associated with the possible development of the Forklift Counterweight market which represents new manufacturing estimations for the international marketplace. An evaluation of various government plans as well as policies on the Forklift Counterweight market…
Forklift Truck Market - The Eco-Friendly Future Of The Forklift Truck, Factors W …
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 related…
