DUBLIN, Nov. 15, 2022 /PRNewswire/ — The “Forklifts – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Forklifts Market to Reach $53.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Forklifts estimated at US$37.9 Billion in the year 2020, is projected to reach a revised size of US$53.2 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027. Internal Combustion Engine (ICE), one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$35.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electric segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.4 Billion, While China is Forecast to Grow at 6.2% CAGR
The Forklifts market in the U.S. is estimated at US$10.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 6.2% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Select Competitors (Total 81 Featured)
Anhui Heli Co., Ltd.
CLARK Material Handling Company (CMHC)- Combilift Ltd.
Crown Equipment Corporation
Godrej Material Handling
HANGCHA GROUP CO., LTD
Hyster-Yale Materials Handling, Inc.
Jungheinrich AG
KION Group AG
Komatsu Ltd.
Lonking Holdings Limited
Mitsubishi Logisnext Co., Ltd.
Toyota Industries Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Popularity of Fuel Cell-powered Forklifts to Drive Global Forklift Market
Myriad Benefits to Broaden Battery-operated Forklifts Application
Automated Forklifts Rise in Prominence
Electric Forklifts Gain Traction
Emphasis on Green Warehousing Steers Demand for Electric Forklifts
Electric Forklifts Experience Impressive Makeover with Sophisticated Technology
COVID-19 Glitches Hustle Forklift Users to Embrace Electric Versions
Forklift Tires Market: Characterized by Growing Demand for Solid and Non-Marking Tires
Lift Truck Become a Part of the Connected Enterprise Ecosystem
Forklifts Emerge as an Important Material Handling System for the Logistics and Shipping Industry
Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
Expanding Retail Industry Generates Significant Opportunities
Transition of Material Handling Operations in Automobile Industry Augurs Well for Forklifts Market
How Automotive Industry Continues to be Impacted by the Pandemic & What’s the New Normal?
With Global E-Commerce Sales Skyrocketing, Growth in E-Commerce Warehouses Spurs Need for Forklifts
Online Shopping Trend and Need to Improve Warehouse Efficiencies Drive Investments into Forklifts
Great Technological Strides for Lift Trucks Used in Cold Storage Warehouses
Safety Strategies for Operators to Minimize Forklift Accidents’ Risk in Warehouses
Anticipated Growth of Construction Sector to Present Favorable Outlook for Forklifts
Technological Advancements Accelerate Market Expansion
Technological Developments also Aim at Increasing Productivity
Key Challenges
Manufactures Face Challenges Producing Rough-Terrain Forklifts
Introduction of Robotic based Humanless Warehouse: A Threat to the Market
Rising Concerns over Forklift-related Safety Issues Restrain Market Growth
Regulatory Framework in the Forklift Sector
Percentage Breakdown of Number of Fatalities Attributed to Forklifts by Type of Accident in the US
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
UNITED STATES
Forklifts Market Presence – Strong/Active/Niche/Trivial – Key Competitors in the United States for 2022 (E)
An Overview of Material Handling Equipment Market
United States Material Handling Equipment Market Share Breakdown by Segment: 2021
North American Market Bears Severe Blow of COVID-19
Developing E-Commerce Industry Drives Growth in Automated Systems
E-Commerce Retail Sales in the US as % of Total Retail Sales (2015-2022)
Focus Heightens on Sustainable Solutions
Demand on Rise for Electric Forklifts
Competitive Landscape
CANADA
JAPAN
CHINA
Forklifts Market Presence – Strong/Active/Niche/Trivial – Key Competitors in China for 2022 (E)
Market Overview
Chinese Material Handling Equipment Market by Segment: Percentage Breakdown of Sales for 2021
Chinese Forklift Manufacturers Aim for Overseas Markets
EUROPE
Forklifts Market Presence – Strong/Active/Niche/Trivial – Key Competitors in Europe for 2022 (E)
Market Overview
European Material Handling Equipment Market Share Breakdown by Segment: 2021
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
AFRICA
IV. COMPETITION
Total Companies Profiled: 81
For more information about this report visit https://www.researchandmarkets.com/r/4f3be3
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SOURCE Research and Markets
