Forklifts Global Market Report 2022: Increasing Popularity of Fuel Cell-powered Forklifts to Drive Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 8, 2022--

The "Forklifts - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Forklifts Market to Reach $53.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Forklifts estimated at US$37.9 Billion in the year 2020, is projected to reach a revised size of US$53.2 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027. Internal Combustion Engine (ICE), one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$35.5 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 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $10.4 Billion, While China is Forecast to Grow at 6.2% CAGR

The Forklifts market in the U.S. is estimated at US$10.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 6.2% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% 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

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
• Forklifts Emerge as an Important Material Handling System for the Logistics and Shipping Industry
• Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
• Expanding Retail Industry Generates Significant Opportunities
• 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?
• With Global E-Commerce Sales Skyrocketing, Growth in E-Commerce Warehouses Spurs Need for Forklifts
• 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
• 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

UNITED STATES

• Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
• An Overview of Material Handling Equipment Market
• United States Material Handling Equipment Market Share Breakdown by Segment: 2021
• North American Market Bears Severe Blow of COVID-19
• Developing E-Commerce Industry Drives Growth in Automated Systems
• E-Commerce Retail Sales in the US as % of Total Retail Sales (2015-2022)
• Focus Heightens on Sustainable Solutions
• Demand on Rise for Electric Forklifts
• Competitive Landscape

CANADA

JAPAN

CHINA

• Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
• Market Overview
• Chinese Material Handling Equipment Market by Segment: Percentage Breakdown of Sales for 2021
• Chinese Forklift Manufacturers Aim for Overseas Markets

EUROPE

• Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
• Market Overview
• European Material Handling Equipment Market Share Breakdown by Segment: 2021

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION

• Total Companies Profiled: 81

For more information about this report visit https://www.researchandmarkets.com/r/2tqxhw

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KEYWORD:

INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY CONSTRUCTION & PROPERTY OTHER MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

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