The Reports and Insights, a leading market research company, has recently releases report titled “Forklifts Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Forklifts Truck Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Forklifts Truck Market?
The global forklifts truck market size reached US$ 56.0 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 100.3 billion in 2032, exhibiting a growth rate (CAGR) of 6.7% during 2024-2032.
What are Forklifts Truck?
A forklift truck, commonly known as a forklift, is a robust industrial vehicle designed for lifting and transporting heavy materials across short distances. Equipped with a hydraulic lifting system and adjustable forks, it is a key tool in warehouses, manufacturing plants, and construction sites for the effective handling of goods and materials.
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What are the growth prospects and trends in the Forklifts Truck industry?
The forklift truck market growth is driven by various factors and trends. The forklift truck market is characterized by its dynamic nature, propelled by industrial expansion and the requirement for effective material handling solutions. This sector offers a variety of forklift types, including electric, diesel, and LPG models, to serve diverse industries like manufacturing, logistics, and construction. Ongoing developments in technology, safety standards, and the push for automation are key factors influencing the market, with a strong emphasis on boosting efficiency, cutting operational expenses, and maintaining workplace safety. Hence, all these factors contribute to forklift truck market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
Electric Forklifts
Internal Combustion Forklifts
Warehouse Forklifts
Counterbalance Forklifts
Reach Trucks
Order Pickers
Pallet Jacks
Others
By Fuel Type:
Diesel
Electric
LPG/CNG
Others
End-Use Industry:
Manufacturing
Construction
Warehousing and Logistics
Retail
Wholesale
Food and Beverage
Automotive
Others
Market Segmentation by Region:
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Toyota Industries Corporation
KION Group AG
Hyster-Yale Materials Handling, Inc.
Crown Equipment Corporation
Mitsubishi Logisnext Co., Ltd.
Jungheinrich AG
Anhui Heli Co., Ltd.
Hangcha Group Co., Ltd.
Doosan Industrial Vehicle Co., Ltd.
Komatsu Ltd.
Clark Material Handling Company
Linde Material Handling GmbH
JCB Ltd.
Manitou Group
Nissan Forklift Corporation
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