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Forklift Market Size to Attain USD 32.39 Billion By 2032

The forklift market size is poised to grow by $ 32.39 billion by 2032 from $ 24.06 Billion in 2022, exhibiting a CAGR of 3.02% during the forecast period 2023-2032. 

Forklift Market Size 2023 to 2032

 

The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.

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COVID-19 Impact

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the electric vehicle fuel cell market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Major companies operating in this area

  • Komatsu Ltd.
  • Hyster-Yale Material Handling Inc.
  • Mitsubishi Forklift Corporation
  • Hyundai Heavy Industries Ltd
  • Toyota Industries Corporation
  • KION Group AG
  • Anhui Heli Co. Ltd
  • Crown Equipment Corporation
  • Comblift Limited
  • Hubtex Maschinenbau GmbH & Co. KG
  • Clark Material Handling Company
  • Hangcha Group Co. Ltd
  • Doosan Industrial Vehicle America Corporation.
  • Manitou Group
  • Konecranes
  • Lonking Forklift Co.
  • Godgej & Boyce Group
  • Unicarriers Americas

Market Segmentation

By Type

  • Counterbalanced
  • Side Loaders
  • Rough Terrain
  • Powered Pallets
  • Telescopic Handler
  • Others

By Propulsion

  • Gasoline
  • Diesel
  • Hybrid Electric
  • Electric

By Operation

  • Manual
  • Autonomous

By Class

  • Class 1
  • Class 2
  • Class 3
  • Class 4
  • Class-5 & Above

By Application

  • Industrial
  • Logistics
  • Construction
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Major highlights of Report:

  • Figures related to sales volume, market remuneration, and segmental shares
  • Featuring market dynamics
  • Growth prospects and expansion graph
  • PROCON study of direct & indirect sales channels
  • Profiles of prominent traders, dealer, and distributors in the industry

Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa

  • Industry forecasts based on region and at country level
  • Data about sales volume recorded, industry share held, and profit margins amassed
  • Overall remuneration and estimated growth rate for each regional market

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.

Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Forklift Market, By Type

7.1. Forklift Market, by Type, 2020-2027
7.1.1. Counterbalanced
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Side Loaders
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Rough Terrain
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Powered Pallets
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Telescopic Handler
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Forklift Market, By Operation

8.1. Forklift Market, by Operation, 2020-2027
8.1.1. Class
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Manual
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Forklift Market, By Propulsion Type

9.1. Forklift Market, by Propulsion Type, 2020-2027
9.1.1. Gasoline
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Diesel
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Hybrid Electric
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Electric
9.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Forklift Market, By Class Type

10.1. Forklift Market, by Class Type, 2020-2027
10.1.1. Class 1
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Class 2
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Class 3
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Class 4
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Class-5 & Above
10.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Forklift Market, By Application Type

11.1. Forklift Market, by Propulsion Type, 2020-2027
11.1.1. Industrial
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. Logistics
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.3. Construction
11.1.3.1. Market Revenue and Forecast (2016-2027)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Forklift Market, Regional Estimates and Trend Forecast

12.1. North America
12.1.1. Market Revenue and Forecast, by Type (2016-2027)
12.1.2. Market Revenue and Forecast, by Operation (2016-2027)
12.1.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.1.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.1.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, by Type (2016-2027)
12.1.6.2. Market Revenue and Forecast, by Operation (2016-2027)
12.1.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.1.6.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.1.6.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, by Type (2016-2027)
12.1.7.2. Market Revenue and Forecast, by Operation (2016-2027)
12.1.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.1.7.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.1.7.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Type (2016-2027)
12.2.2. Market Revenue and Forecast, by Operation (2016-2027)
12.2.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.2.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.2.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
12.2.6.2. Market Revenue and Forecast, by Operation (2016-2027)
12.2.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.2.6.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.2.6.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, by Type (2016-2027)
12.2.7.2. Market Revenue and Forecast, by Operation (2016-2027)
12.2.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.2.7.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.2.7.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, by Type (2016-2027)
12.2.8.2. Market Revenue and Forecast, by Operation (2016-2027)
12.2.8.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.2.8.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.2.8.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, by Type (2016-2027)
12.2.9.2. Market Revenue and Forecast, by Operation (2016-2027)
12.2.9.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.2.9.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.2.9.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Type (2016-2027)
12.3.2. Market Revenue and Forecast, by Operation (2016-2027)
12.3.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.3.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.3.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
12.3.6.2. Market Revenue and Forecast, by Operation (2016-2027)
12.3.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.3.6.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.3.6.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, by Type (2016-2027)
12.3.7.2. Market Revenue and Forecast, by Operation (2016-2027)
12.3.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.3.7.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.3.7.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, by Type (2016-2027)
12.3.8.2. Market Revenue and Forecast, by Operation (2016-2027)
12.3.8.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.3.8.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.3.8.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, by Type (2016-2027)
12.3.9.2. Market Revenue and Forecast, by Operation (2016-2027)
12.3.9.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.3.9.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.3.9.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Type (2016-2027)
12.4.2. Market Revenue and Forecast, by Operation (2016-2027)
12.4.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.4.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.4.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
12.4.6.2. Market Revenue and Forecast, by Operation (2016-2027)
12.4.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.4.6.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.4.6.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, by Type (2016-2027)
12.4.7.2. Market Revenue and Forecast, by Operation (2016-2027)
12.4.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.4.7.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.4.7.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, by Type (2016-2027)
12.4.8.2. Market Revenue and Forecast, by Operation (2016-2027)
12.4.8.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.4.8.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.4.8.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, by Type (2016-2027)
12.4.9.2. Market Revenue and Forecast, by Operation (2016-2027)
12.4.9.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.4.9.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.4.9.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Type (2016-2027)
12.5.2. Market Revenue and Forecast, by Operation (2016-2027)
12.5.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.5.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.5.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, by Type (2016-2027)
12.5.6.2. Market Revenue and Forecast, by Operation (2016-2027)
12.5.6.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.5.6.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.5.6.5. Market Revenue and Forecast, by Application Type (2016-2027)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, by Type (2016-2027)
12.5.7.2. Market Revenue and Forecast, by Operation (2016-2027)
12.5.7.3. Market Revenue and Forecast, by Propulsion Type (2016-2027)
12.5.7.4. Market Revenue and Forecast, by Class Type (2016-2027)
12.5.7.5. Market Revenue and Forecast, by Application Type (2016-2027)

Chapter 13. Company Profiles

13.1. Komatsu Ltd.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Hyster-Yale Material Handling Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Mitsubishi Forklift Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Hyundai Heavy Industries Ltd
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Toyota Industries Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. KION Group AG
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Anhui Heli Co. Ltd
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Crown Equipment Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Comblift Limited
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Hubtex Maschinenbau GmbH & Co. KG
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
13.11. Clark Material Handling Company
13.11.1. Company Overview
13.11.2. Product Offerings
13.11.3. Financial Performance
13.11.4. Recent Initiatives
13.12. Hangcha Group Co. Ltd
13.12.1. Company Overview
13.12.2. Product Offerings
13.12.3. Financial Performance
13.12.4. Recent Initiatives
13.13. Doosan Industrial Vehicle America Corporation.
13.13.1. Company Overview
13.13.2. Product Offerings
13.13.3. Financial Performance
13.13.4. Recent Initiatives
13.14. Manitou Group
13.14.1. Company Overview
13.14.2. Product Offerings
13.14.3. Financial Performance
13.14.4. Recent Initiatives
13.15. Konecranes
13.15.1. Company Overview
13.15.2. Product Offerings
13.15.3. Financial Performance
13.15.4. Recent Initiatives
13.16. Lonking Forklift Co.
13.16.1. Company Overview
13.16.2. Product Offerings
13.16.3. Financial Performance
13.16.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions

Chapter 15. Appendix

15.1. About Us
15.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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