![]() North America is expected to drive demand for forklift trucks in the market. Global Forklift Trucks Market: Regional Landscape To comply with industry regulations, manufacturers are developing more stable and visible forklifts that are safer to operate.Ĭustomization Request for the Research Report: Industries are adopting forklifts with advanced safety features because of strict safety regulations and standards. In light of this automation trend, technologically advanced forklift trucks are in high demand. With the advent of automated warehouses and smart logistics solutions, forklifts are increasingly being integrated with advanced technologies such as automation systems, sensors, and Internet of Things devices. ![]() Using forklifts within manufacturing facilities is essential for moving everything from raw materials to finished goods. Material handling and warehouse operations are supported by these vehicles, which play an integral role in the growth of the logistics industry.įorklift trucks are directly affected by the overall growth in manufacturing and industrial activities globally. With the growth of e-commerce and the need for efficient supply chain management, forklift trucks have become more popular. Global Forklift Trucks Market: Growth Drivers ![]() A key strategy of key players is to expand their product portfolios and acquire competing companies.ĭoosan Industrial Vehicle America Corporation To introduce robust forklift trucks into the market, manufacturers & suppliers are introducing advanced technologies. Several manufacturers control a majority share of the global market for forklift trucks. Global Forklift Trucks Market: Key Players The class 4 internal combustion engine trucks (solid/cushion tires) market is projected to remain strong in the coming years and increase at a CAGR of 2.73%. The 31 tons to 45 tons segment will continue to hold its position in the market and expand at a CAGR of 2.70 %. Manual forklift trucks accounted for 78.04% of total demand in 2021 by automation type. In 2021, Asia Pacific held more than 36.25% of the global forklift truck market.įorklift truck investments in North America are expected to increase during the forecast period, leading to significant growth in the market. The adoption of cleaner technologies, industrialization, and infrastructure development can positively impact the market for forklift trucks. Upgrades are common in fleets to make use of the newest technologies and improve performance. With older forklifts becoming obsolete and less efficient, there's a natural demand for new ones. Forklifts powered by electric or hybrid power have thus become an alternative to traditional fuel-powered models, thus reducing their environmental impact. Sustainable practices and environmental consciousness are becoming increasingly popular in various industries. Both construction sites and urban logistics require forklifts to transport materials, resulting in a high forklift demand. ![]() As urbanization increases globally, material handling efficiency is becoming increasingly important in urban areas. By 2031, the global market for forklift trucks is estimated to reach US$ 8.1 billion. The market is expected to increase at a CAGR of 2.66% from 2022 to 2031. The global forklift truck ecosystem was valued at US$ 6.2 billion in 2021. 15, 2023 (GLOBE NEWSWIRE) - Transparency Market Research Inc. Wilmington, Delaware, United States, Dec. Increasing warehouse businesses and technological advancements are expected to drive forklift truck demand in the market.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |