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

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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