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Forklift Trucks Market Overview by Industry Size, Share, Opportunities, Scope, Trends and Drivers Forecast to 2026

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Nasir Jones
Forklift Trucks Market Overview by Industry Size, Share, Opportunities, Scope, Trends and Drivers Forecast to 2026

The global forklift trucks market grew at a CAGR of around 7% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.

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.

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.

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

Forklift Trucks Market 2020-2025 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
    • Warehouses and Distribution Centers
    • Construction Sites
    • Dockyards
    • Snow Plows
  • Industrial
    • Manufacturing
    • Recycling Operations

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

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

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

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.

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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.

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