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
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Forklift
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…
Forklift Trucks Market – Monitoring Product Benefits 2025 | CLARK, Mitsubishi …
Global Forklift Trucks Market: Snapshot
The global forklift truck market is witnessing a high demand and this is attributed to the growing number of applications of forklift trucks in several manufacturing industries. The worldwide growth of the e-commerce sector is also propelling the growth of the global forklift track market. In addition to this, technological advancements, growing adoption of green logistics solutions are some of the factors that are driving the…
