Forklift Trucks Market Analysis With Industry Size, Trends, Growth, Dynamic, Top Players and Opportunity by 2026

According to IMARC Group’s new research report, titled “Forklift Trucks Market Report With Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global forklift trucks market grew at a CAGR of 7% during 2014-2019 and reached a value of US$ 54.7 Billion in 2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.

A forklift truck includes two horizontal prongs to load, unload, and transport goods over short distances. It is generally operated by a trained machinist and is powered by electric or combustion engines. Forklift truck comprises of a truck frame, counterweight, forklift, carriage, and hydraulic cylinder. These trucks are extensively used in warehouses, factories, and dockyards across various industries.

The growing construction industry, along with rapid industrialization across the world, is driving the forklift trucks market. Forklift trucks are efficient in handling heavy construction materials, such as wood, steel, and mortar. Furthermore, growing warehouse establishments across both developed and developing economies are also propelling the market growth. Forklift trucks help in laying and retrieving loads from storage racks, delivering components to assembly lines, and positioning materials for effective handling in distribution centers and warehouses. The market is also catalyzed by the launch of various innovative trucks, such as fuel cell-powered forklift trucks for reducing carbon footprints and enhancing operational efficiency. Several technological advancements, along with robust R&D activities in the sector, are further anticipated to drive the forklift trucks market.

Get a PDF sample of this report for detailed market insights: https://www.imarcgroup.com/forklift-trucks-market/requestsample

Key highlights of the report:

• Market Performance (2015-2020) 

• Market Outlook (2021-2026)

• Market Trends

• Market Drivers and Success Factors

• The Impact of COVID-19 on the Global Market

• Value Chain Analysis

• Structure of the Global Market

• Comprehensive mapping of the competitive landscape

Forklift Trucks Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the forklift trucks market has been studied in the report with the detailed profiles of the key players operating in the market. 

Some of these key players include:

• Clark Material Handling Company

• Crown Equipment Corporation

• Godrej & Boyce

• Hyster-Yale Materials Handling Inc.

• Hyundai Heavy Industries Co. Ltd

• Jungheinrich

• KION Group

• Mitsubishi Forklift Trucks

• Toyota Industries Corporation

The report has segmented the global forklift trucks market on the basis of region, product type, technology, class and application.

Breakup by Product Type:

• Counterbalanced Forklift Trucks

• Warehouse Forklift Trucks

Breakup by Technology:

• Electricity Powered

• Internal Combustion Engine Powered

Breakup by Class:

• Class I

• Class II

• Class III

• Class IV

• Class V

Breakup by Application:

• Non-Industrial

o Warehouses and Distribution Centers

o Construction Sites

o Dockyards

o Snow Plows

• Industrial

o Manufacturing

o Recycling Operations

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Explore full report with table of contents: https://www.imarcgroup.com/forklift-trucks-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

Refinery Catalysts Market Research Report

Fluorescent in Situ Hybridization Probe Market Research Report

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

30 N Gould St, Ste R

Sheridan, WY 82801, USA

Email: sales@imarcgroup.com

USA: +1-631-791-1145

Follow us on twitter: @imarcglobal

Comments

Post a Comment

Popular posts from this blog

Gas Compressors Market Size, Trends & Growth With Top Companies Analysis by 2025

Image
According to the new report by IMARC Group, titled “ Gas Compressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global gas compressors market grew at a CAGR of 7% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during the next five years. Gas compressors are mechanical devices used to increase the static pressure of a gas by decreasing the volume. Two commonly used gas compressors are positive displacement and dynamic gas compressors. Positive displacement compressors comprise rotary and reciprocating variants that compress the gas by confining it in a closed space and increasing the pressure. Whereas the dynamic compressor employs a centrifugal and axial compressor that compresses the gas through the mechanical impellers or rotating vanes. These compressors are used for gases, such as ethylene, fluorine, argon, etc. As a result, they find numerous applications in manufacturing
Read more

Dairy Alternatives Market Size, Companies Share, Future Trends, Scope and Growth by 2025

Image
 According to IMARC Group’s latest report, titled “ Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the global dairy alternatives market reached a value of US$ 16.5 Billion in 2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025. Dairy alternatives are dairy-free food and beverage products that are sourced from plants. They are gaining widespread popularity among the masses as the preferred alternative for conventional animal-based milk and milk products. Widely obtained from soy, rice, oats, almond, cashew and coconut, these products are characterized by a similar taste and texture to the traditional dairy products. They are rich in iron, iodine, zinc, calcium, riboflavin, vitamins, minerals, magnesium and potassium with low levels of fat and calories. Consequently, their regular consumption offers numerous health benefits, including repairing damaged cells, maintain
Read more

Automotive Differential Market Analysis by Industry Trends, Demand and Competitive Landscape 2023-2028

IMARC Group has recently released a new research study titled “ Automotive Differential Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a detailed analysis of the global automotive differential market demand , drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 20.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.69% during 2023-2028. An automotive differential is a mechanical device designed to distribute torque or power between the wheels of an automobile. Its primary purpose is to enable smooth and controlled turning of the vehicle by allowing the wheels to rotate at varying speeds while maintaining traction. This critical component ensures that the inner and outer wheels of a vehicle's axle can rotate at different rates when navigatin
Read more