Forklift Trucks Market: Growth Drivers and Forecast 2024-2032

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Market Summary:

The “Forklift Trucks Market Research Report Overview by 2024” market size is reached 2,159.8 thousand units by 2023 and it is expected to reach 4,904.9 thousand units by 2032 between the forecast period and expected Compound annual growth rate of 9.8% between the forcast period by (2023-2032).

The Forklift Trucks Market has experienced substantial growth in recent years, driven by several key factors, including rising demand for its products, a widening customer base, and advancements in technology. This report offers an in-depth analysis of the market, covering aspects such as market size, trends, drivers and constraints, competitive dynamics, and future growth prospects.

Top Companies of Forklift Trucks Market:

Most of the manufacturers in the market report are listed below:

• Toyota Industries Corporation (Japan)
• Anhui Heli Co. Ltd (China)
• Cargotec Corporation (U.S.)
• Clark Material Handling Company Inc (U.S.)
• Crown Equipment Corporation (U.S.)
• Hangcha Group Co. (China)
• Hyster Yale Materials Handling Inc (U.S.)
• Jungheinrich AG (Germany)
• KION Group (Germany)
• Mitsubishi Heavy Industries Ltd (Japan)

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Segmentation:

Forklift Trucks Market Size, Share & Industry Analysis, By Type (Class I, Class II, Class III, Class IV, and Class V), By End-User Industry (Mining, Manufacturing, Retail & Wholesale, Logistics, Construction, Automotive, Food & Beverages, Natural Resources, and Others (Chemicals)), and Regional Forecast, 2024 – 2032

Market Coverage:

• Market Trends
• Market Breakup by Segment
• Market Breakup by Region
• Price Analysis
• Impact of COVID-19
• Market Forecast

The Forklift Trucks Market report offers insights into the market landscape, which is further divided into sub-regions and countries. Alongside the market share for each country and sub-region, this section of the report highlights potential profit opportunities. Additionally, it details the market share and growth rate for each region.

Regional Analysis:

• North America (By Type, End-User Industry, and Country)
  • U.S. (By Type)
  • Canada (By Type)
  • Mexico (By Type)
• South America (By Type, End-User Industry, and Country)
  • Argentina (By Type)
  • Brazil (By Type)
  • Chile (By Type)
  • Colombia (By Type)
  • Peru (By Type)
  • Rest of South America
• Europe (By Type, End-User Industry, and Country)
  • U.K. (By Type)
  • Germany (By Type)
  • France (By Type)
  • Italy (By Type)
  • Spain (By Type)
  • Rest of Europe
• Asia Pacific (By Type, End-User Industry, and Country)
  • China (By Type)
  • India (By Type)
  • South Korea (By Type)
  • Taiwan (By Type)
  • Vietnam (By Type)
  • Australia (By Type)
  • Singapore (By Type)
  • Malaysia (By Type)
  • Indonesia (By Type)
  • Thailand (By Type)
  • Philippines (By Type)
  • Rest of Asia Pacific
• Middle East & Africa (By Type, End-User Industry, and Country)
  • Israel (By Type)
  • Saudi Arabia (By Type)
  • United Arab Emirates (By Type)
  • South Africa (By Type)
  • Rest of the Middle East & Africa

Report coverage:

• Key growth drivers, restraining factors, opportunities and potential challenges for the market.
• Complete knowledge of regional developments.
• List of major industry players.
• Key strategies adopted by market players.
• Recent industry developments include product launches, partnerships, mergers and acquisitions.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry’s potential and provide information that will help companies to make informed decisions. The Forklift Trucks Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry Developments:

• Jungheinrich AG introduced a mobile robot solution for intralogistics low-lift operations. The mobile robot EAE 212a was introduced at LogiMAT 2023 with easy integration, an enabled control system, and a tool chain.
• Toyota Material Handling introduced 22 electric products under its portfolio of material handling products and solutions. The expanded lineup includes reach truck models, order pickers, and electric forklifts ranging from 3,000-17,500 pounds.
• KION Group opened a new manufacturing plant in China for the production of industrial forklift trucks. A total of USD 142 million had been invested in establishing a manufacturing facility and R&D center.

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