
Forklift Truck Market Expected to Touch $103.9 Billion by 2031, Driven by 7.5% CAGR Growth | Allied Market Research

Forklift Truck Industry
PORTLAND, OREGAON, UNITED STATES, September 26, 2023 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global forklift truck market generated $51.6 billion in 2021, and is projected to reach $103.9 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/596
The report offers a detailed segmentation of the global forklift truck market based on power source, class, end-use and region. The report provides a detailed analysis of every segment and their respective sub-segment with the help of graphs and tables. This analysis can remarkably help market players, investors, and new entrants in determining and implementing strategies based on fastest growing segments and highest revenue generating segments that are mentioned in the report.
Based on power source, the IC engine power segment held the dominating market share in 2021, holding more than half of the global market, and is expected to maintain its leadership status during the forecast period. The electric powered segment, on the other hand, is expected to cite the fastest CAGR of 8.1% during the forecast period.
Based on class, the class 4 segment held the dominating market share in 2021, garnering nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. The report also analyses other segments of the market such as class 1, class 2, class 3, class 5, and others.
Based on end use, the retail and wholesale segment held the largest market share in 2021, holding around two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The automotive segment, on the other hand, is expected to cite the fastest CAGR of 10.0% during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/forklift-truck-market/purchase-options
Based on region, the market across Asia-Pacific region held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 10.4% during the forecast period.
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
The COVID-19 impact on the forklift truck market is unpredictable, and is expected to remain in force for a few years.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban importโexport of raw material and parts for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing forklift trucks.
Moreover, nationwide lockdown forced forklift truck system manufacturing facilities to partially or completely shut their operations.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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.,
Toyota Industries Corporation.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/596
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ซ๐ฎ๐๐ค ๐๐๐ซ๐ค๐๐ญ : https://www.prnewswire.com/news-releases/electric-truck-market-to-garner-3-8-billion-globally-by-2030-at-26-4-cagr-allied-market-research-301484739.html
๐๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐ ๐ฎ๐๐ฅ ๐๐๐ฅ๐ฅ ๐๐ซ๐ฎ๐๐ค ๐๐๐ซ๐ค๐๐ญ : https://www.prnewswire.com/news-releases/hydrogen-fuel-cell-truck-market-to-reach-3-7-billion-globally-by-2032-at-36-0-cagr-allied-market-research-301807875.html
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐ซ๐ฎ๐๐ค ๐๐๐ซ๐ค๐๐ญ : https://www.prnewswire.com/news-releases/connected-truck-market-to-reach-97-38-billion-by-2031-at-16-1-cagr-allied-market-research-301606615.html
David Correa
Allied Market Research
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