Press release
Construction Industry Growth Fuels Expansion Of Forklift Truck Market Driver: Leading Transformation in the Forklift Truck Market in 2025
Forklift Truck Market Size
The expansion of the construction sector is poised to drive the growth of the forklift truck market. Construction operations include residential, commercial, industrial, institutional, and infrastructure projects. For a myriad of tasks such as offloading pallets of blocks or bricks, steel joists and other construction equipment and materials, particularly for transporting them from delivery trucks to construction sites, forklift trucks are utilized. For instance, data from Eurostat, a government agency based in Luxembourg, revealed that the average yearly construction output in both the European Union and euro area elevated by 0.1% and 0.2% respectively in February 2024, in comparison to 2022. Consequently, the burgeoning construction sector is fueling the rise of the forklift truck market.
Get Your Forklift Truck Market Report Here:
https://www.thebusinessresearchcompany.com/report/forklift-truck-global-market-report
What is the future CAGR of the forklift truck market, and how will it impact industry expansion?
The size of the forklift truck market has experienced significant growth in recent times. The market is projected to expand from $68.53 billion in 2024 to $75.17 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. The historical growth can be traced back to the expansion of manufacturing and construction sectors, widening of warehouse and logistics operations, the utilisation of forklift trucks for material management, advancements in forklift technology such as electric and fuel-saving models, and a surge in demand attributed to e-commerce.
In the coming years, the forklift truck market is predicted to experience swift expansion. Projections put its worth at $119.73 billion by 2029, with a compound annual growth rate (CAGR) of 12.3%. This forecasted growth can be credited to a rise in demand for electric forklift trucks to support environmental sustainability, sophisticated fleet management through the application of IoT and telematics, the burgeoning e-commerce sector's focus on automated material handling, the use of hydrogen fuel cell technology for cleaner energy in forklifts, and the growth of construction and infrastructure projects. Some distinctive trends for the forecast period are the creation of autonomous and robotic forklifts, emphasis on ergonomic designs, resorting to lithium-ion batteries for electric forklifts, customizing forklifts to fit industry-specific applications and tasks, and capitalizing on predictive maintenance technologies.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7252&type=smp
What are the most significant trends transforming the forklift truck market today?
Product innovation is seen as an important emerging trend in the forklift truck market. Major industry players are focusing on rolling out technological improvements to expand their market presence. For example, in 2023, the UK-based industrial gas and engineering company, Linde, introduced the E35-E50 Series 1254 electric counterbalance forklift. The series is geared towards both high performance and eco-friendliness, employing upgraded lithium-ion battery technology for increased energy efficiency and shorter charging times. With lifting capacities between 3.5 and 5.0 tonnes, these forklifts are adaptable to a variety of industrial uses.
Which key market segments comprise the forklift truck market and drive its revenue growth?
The forklift truck market covered in this report is segmented -
1) By Product Type: Counterbalance, Warehouse
2) By Technology: Electric Power, Internal Combustion Engine
3) By Class: Class I, Class II, Class III, Class IV, Class V
4) By End-User: Retail and Wholesale, Logistics, Automotive, Food Industry, Other End Users
Subsegments:
1) By Counterbalance Forklifts: Electric Counterbalance Forklifts, Internal Combustion Counterbalance Forklifts
2) By Warehouse Forklifts: Reach Trucks, Pallet Jacks, Order Pickers, Stackers
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7252
What regions are at the forefront of forklift truck market expansion?
Asia-Pacific was the largest region in the forklift truck market in 2024. The regions covered in the forklift truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the forklift truck market?
Major companies operating in the forklift truck market include 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, Hubtex Maschinenbau GmbH & Co. KG, Hangzhou UN Forklift Co. Ltd., Paletrans Equipamentos Ltda
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7252&type=smp
What Is Covered In The Forklift Truck Global Market Report?
•Market Size Forecast: Examine the forklift truck market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the forklift truck market for a structured understanding.
•Key Players Overview: Analyze major players in the forklift truck market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the forklift truck market.
•Segment Contributions: Evaluate how different segments drive overall growth in the forklift truck market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the forklift truck market.
•Industry Challenges: Identify potential risks and obstacles affecting the forklift truck market.
•Competitive Landscape: Review strategic developments in the forklift truck market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Construction Industry Growth Fuels Expansion Of Forklift Truck Market Driver: Leading Transformation in the Forklift Truck Market in 2025 here
News-ID: 3882111 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
