According to a new report published by Allied Market Research, titled, โForklift Truck Market,โ The forklift truck market was valued at $51.6 billion in 2021, and is estimated to reach $103.9 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031.
North America was the highest revenue contributor. The U.S. dominated the global forklift truck market share in North America in 2021, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making advanced, reliable, and efficient forklift trucks. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in procurement and development of advanced forklift truck systems across several Asian nations, for instance, China, India, Japan, and South Korea.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/596
North America was the highest revenue contributor. The U.S. dominated the global forklift truck market share in North America in 2021, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making advanced, reliable, and efficient forklift trucks. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in procurement and development of advanced forklift truck systems across several Asian nations, for instance, China, India, Japan, and South Korea.
By power source, the forklift truck market has been categorized into IC engine-powered and electric-powered. The IC engine-powered segment accounted for the highest revenue in 2021, owing to high demand for forklift trucks that are driven by an IC engine globally.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/forklift-truck-market/purchase-options
On the basis of class, the forklift truck market is bifurcated into class 1, class 2, class 3, class 4, class 5, and others. The Class 4 segment garnered the highest revenue in 2021, owing to their capability to run on diesel fuel, LP gas, gasoline, or compressed natural gas, along with the superior operability.
On the basis of end use, the forklift truck market is bifurcated into retail & wholesale, logistics, automotive, food industry, and others. The retail & wholesale segment garnered the highest revenue in 2021, owing to large scale usage of forklift trucks in the logistics industry globally.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ :
By power source, the electric powered segment is expected to register a significant growth during the forecast period.
On the basis of class, the others segment is anticipated to exhibit significant growth in future.
According to end use, the automotive segment is projected to lead the global forklift truck market.
Region wise, LAMEA is anticipated to register the highest CAGR during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/596
The key players profiled in this Forklift Truck market report include Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., and Toyota Industries Corporation.
About Us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
๐๐จ๐ง๐ญ๐๐๐ญ :
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1โ800โ792โ5285
UK: +44โ845โ528โ1300
Hong Kong: +852โ301โ84916
India (Pune): +91โ20โ66346060
Fax: +1โ800โ792โ5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com