The global forklift truck market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. Forklift Truck Market research report reveals important insights into market scenario to enable key players in taking calculated decision making. Basically, one of the major purposes of market research reports is to maximize the business growth opportunities. It also helps key players to turn business into a successful business by increasing the profit level. The overall business goal can be accomplished through this Forklift Truck Market study report as it consists of all the current happenings and major innovations of the marketplace. Depending on the overall business objective, it is important to reduce business risks to generate larger revenues in the business. Several regions are captured in this Market report which includes North America, Europe, Middle East, Africa, Latin America and Asia Pacific.
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North America is anticipated to hold a prominent share in the market during the forecast period owing to the presence of key market players such as Cummins Inc., Schaefer Inc., Raytheon, Enersys, Arotech, and others in the US. These companies are involved in making substantial investments in adopting modern and advanced forklift trucks instead of conventional fork trucks. Such forklift trucks that are driven by alternative energy sources such as hydrogen are also contributing to the global forklift trucks market. Governments across the region are supporting the growth of the market via various policies and incentives. The Chicago government regulations are initiating materials handling companies for innovating which resulted in the launch of, 2021’s GOOD DESIGN award-winning, two new products of Hyster Yale in its research and development initiatives, showcasing the company’s first counterbalanced electrically-powered forklift truck with a factory-integrated lithium-ion battery pack.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Forklift Truck Market Report Segment
By Power-Train Type
- Internal Combustion Engine (ICE)
- Electric Motor
By Class
- Class I
- Class II
- Class III
- Class IV
By End-User Vertical
- Industrial
- Construction
- Manufacturing
Global Forklift Truck Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global forklift truck market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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