Global Forklifts Strategic Business Report 2023: Increasing Popularity of Fuel Cell-powered Forklifts to Drive Growth

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Jul 06, 2023, 19:15 ET

DUBLIN, July 6, 2023 /PRNewswire/ -- The "Forklifts: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Forklifts estimated at US$40.9 Billion in the year 2022, is projected to reach a revised size of US$62.9 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.

Internal Combustion Engine (ICE), one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$41.5 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 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $11.2 Billion, While China is Forecast to Grow at 6.7% CAGR

The Forklifts market in the U.S. is estimated at US$11.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.6 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% 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

Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Proliferation of E-Commerce Solutions amidst COVID-19
Knock-On Effect of the Pandemic on Forklift Market
Global Forklifts Market Struggles with Supply Side Shocks
Flip Side of Material Handling Industry Explosion & Steep Demand for Forklifts
Material Handling Equipment (MHE): An Introduction
Forklift: Integral Part of MHE
Types of Forklifts
Counterbalanced Forklift
Warehousing Forklifts
Forklift by Fuel Types
Internal Combustion Engine (ICE)
Electric
Forklift by Tonnage Capacity
Less than 5 Ton
5 Ton to 10 Ton
11 Ton to 36 Ton
Classification by Forklift Classes
Key Strategies to Ensure Safe Use of Forklifts in Work Environments
Born Out of Necessity, Forklifts Surge Ahead on the e-Commerce Boom
Prominent Factors to Turbocharge Global Forklifts Market
Forklift Arena Keeps Buzzing with Latest Technological Trends
Developed Markets: Traditional Revenue Contributors
World Forklifts Market (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
Developing Countries Turbo Charge Future Market Growth
World Forklifts Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
Internal Combustion Engine Forklifts Making Way for Electric Forklifts
World Forklifts Market by Power Source (2021 & 2027): Percentage Breakdown of Sales for Internal Combustion Engine (ICE), and Electric
Retail & Wholesale End-Use Segment to Maintain its Dominance
World Forklifts Market by End-Use (2021 & 2027): Percentage Breakdown of Sales for Retail & Wholesale, Logistics, Food & Beverage, Automotive, and Other End-Uses
Competitive Scenario
Recent Market Activity
Select Innovations
Forklifts - Global Key Competitors Percentage Market Share in 2021 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)

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
World Warehouse Management Systems (WMS) Market Revenues in US$ Million for Years 2015, 2017, 2019 and 2021
Forklifts Emerge as an Important Material Handling System for the Logistics and Shipping Industry
Global Logistics Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
Global 3PL Market Revenue Share by End-Use Sector (2021)
Expanding Retail Industry Generates Significant Opportunities
Global Retail Sector Revenue Share by Product Category (2021)
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?
Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
With Global E-Commerce Sales Skyrocketing, Growth in E-Commerce Warehouses Spurs Need for Forklifts
Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
Leading Retail E-Commerce Countries Worldwide: Ranked by Sales in $ Billion for 2019E
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
Global Construction Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
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

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ktz0op

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