The global forklift trucks market is expected to grow by 198.72 thousand units during 2021-2025, according to Technavio.
NEW YORK, June 25, 2021 /PRNewswire/ --
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The forklift trucks market is driven by the rapid growth in the construction sector. In addition, the high growth potential in emerging markets is anticipated to boost the growth of the forklift trucks market.
The construction industry has been witnessing significant growth in both developed and developing countries across the world. For instance, the implementation of the Energy Efficiency Directive (EED) by the EC in 2012 resulted in the renovation of public buildings and the proliferation of zero energy buildings in Western Europe. Similarly, the construction industry in South-East Asian countries such as Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, and Hong Kong has witnessed a growth of almost 50% over the last five years. Forklift trucks are widely used in the construction sector for a wide range of applications. Therefore, the rapid growth in the construction sector will fuel the growth of the global forklift market during the forecast period.
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Major Five Forklift Trucks Companies:
Cargotec Corp.: The company offers forklift trucks through the brand Kalmar.
Crown Equipment Corp.: The company offers electric counterbalance forklifts namely RC series 3-wheel stand-up forklift, SC series 3-wheel sit-down forklift and other products.
CVS FERRARI Spa: The company offers heavy-duty forklift trucks of models namely FH20, FH25, FH28 and other models.
Hyster-Yale Materials Handling Inc.: The company offers heavy-duty forklift trucks of models namely H8-12XD, H16-XD, H18-20XD and other models.
Jungheinrich AG: The company offers forklift trucks such as electric forklifts, diesel forklifts, and gas/LPG forklifts.
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Forklift Trucks Market Type Outlook (Growth, USD Thousand units, 2020-2025)
Forklift Trucks Market Geography Outlook (Growth, USD Thousand units, 2020-2025)
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