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Forklift Truck Market to Enjoy 'Explosive Growth' to 2023: Komastu, Toyota Industries, KION Group AG, Jungheinrich


NJ New Jersey, USA -- (SBWIRE) -- 09/19/2023 -- Advance Market Analytics added research publication document on Worldwide Forklift Truck Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Forklift Truck market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2023 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (United States), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (United Kingdom), The Raymond Corporation (United States), Anhui HELI Co., Ltd (China), Kalmar Global (Finland),.

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A forklift is defined as a powerful tool that is used to lift and move materials over short distances. It is used in various applications such as factories, warehouses, stations, ports, airports, distribution centers and others. It is available in various types such as counterbalance forklift trucks, walkie trucks, reach trucks, off-road forklifts, truck, mounted forklifts, articulated trucks and others.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Forklift Truck Market various segments and emerging territory.

Influencing Market Trend
- Technology Advancement in Electric Forklift
Market Drivers
- In the last few years, there is a significant demand for a forklift truck. For instance, in 2019, as per an article published by World Integrated Trade Solution, shipments of forklift trucks in the APAC region rise from 0.55 million to 0.63 million with a
- Increasing Demand for Battery-Operated Forklifts
- Issue related to High Cost of Battery Operated and Fuel Cell Forklift

Analysis by Type (Counterbalance Forklift Trucks, Walkie Trucks, Reach Trucks, Off-Road Forklifts, Truck-Mounted Forklifts, Articulated Trucks, Others), Application (Factories, Warehouses, Stations, Ports, Airports, Distribution Centers, Others), Horsepower Capacity (?150HP, 150-250HP, 251-350HP, 351-450HP, ?450HP), Engine Capacity (?4L, 4-6L, 6-8L, ?8L), Power (Diesel Engine, LP Gas Engine)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
- % Market Share, Segment Revenue, Swot Analysis for each profiled company [Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (United States), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (United Kingdom), The Raymond Corporation (United States), Anhui HELI Co., Ltd (China), Kalmar Global (Finland),]
- Business overview and Product/Service classification
- Product/Service Matrix [Players by Product/Service comparative analysis]
- Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
- Consumption, Capacity & Production by Players

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The regional analysis of Global Forklift Truck Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

According to the Occupational Safety and Health Administration, “Protecting Young Workers: Prohibition Against Young Workers Operating Forklifts. OSHA Safety and Health Information Bulletin (SHIB), (September 30, 2003). Informs employers that youth employment regulations”. Hence, it may act as a hamper for market growth.

In June 2016, Kion Group AG (Germany) Company has acquired Dematic (United States) Company, which is an automation provider as well as a specialist in supply chain optimization, by purchasing shares worth more than USD 2.1 billion. Hence, this acquisition will help in strengthening the position of the company.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

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Highlights of the Report
- The future prospects of the global Forklift Truck market during the forecast period 2023-2028 are given in the report.
- The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
- The emerging technologies that are driving the growth of the market are highlighted in the report.
- The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
- The report studies the leading manufacturers and other players entering the global Forklift Truck market.