Research depicts the Asia-Pacific market for forklift trucks to fast progress in terms of revenue, at a CAGR of 2.25%, over the forecast period 2019-2027. India, China, Japan, South Korea, Australia & New Zealand, ASEAN countries, and Rest of APAC together form the forklift truck market in the Asia-Pacific.
The forklift truck market in China is driven mainly due to the country's massive e-commerce industry. The e-commerce sector in China is the largest in the world. Moreover, the country is home to e-commerce giants such as Alibaba and JD.com. These companies have also set up their warehouses, and forklift trucks are thus widely used to ensure efficient logistics flow in these warehouses. The proliferation of e-commerce has thereby paved the way for the forklift truck market in the country.
The Make in India' initiative by the Indian government has been instrumental in raising the demand for forklift trucks in India. The initiative focuses on the development of infrastructure as well as the manufacturing sector. The government plans to establish and develop more seaports in the country, encouraged by the increase in trade from seaports. Forklift trucks are used at seaports for material handling purposes. This has led to an increase in the demand for forklift trucks in the country. Thus, the government initiatives to develop seaport infrastructure is pushing the growth of the forklift truck market in India.
The key companies profiled in the forklift truck market report include Doosan Corporation Industrial Vehicle, Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Hyundai Heavy Industries Co., Ltd., Hyster-Yale Materials Handling, Inc., Komatsu Ltd., and Lonking Holdings Limited.
Key Topics Covered:
1. Asia-Pacific Forklift Truck Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Asia-Pacific To Lead The Asia-Pacific Forklift Truck Market
2.2.2. Counterbalance Forklift To Hold The Largest Share In The Product Type Segment
2.3. Evolution & Transition Of Forklift Trucks
2.4. Porter'S Five Forces Analysis
2.4.1. Threat Of New Entrants
2.4.2. Threat Of Substitute
2.4.3. Bargaining Power Of Suppliers
2.4.4. Bargaining Power Of Buyers
2.4.5. Threat Of Competitive Rivalry
2.5. Key Impact Analysis
2.5.2. Type Of Engine
2.5.3. Payload Capacities
2.5.4. Lift Height
2.6. Market Attractiveness Index
2.7. Vendor Scorecard
2.8. Regulatory Framework
2.9. Market Drivers
2.9.1. Increasing Growth Of The Manufacturing Industry
2.9.2. Rise In E-Commerce Business
2.9.3. Warehouse Expansions
2.10. Market Restraints
2.10.1. Limited Number Of Raw Material Suppliers
2.11. Market Opportunities
2.11.1. Technological Advancements In Forklift Trucks
2.11.2. Adoption Of Environment-Friendly Logistics
2.12. Market Challenges
2.12.1. Government Rules & Regulations
3. Asia-Pacific Forklift Truck Market Outlook - By Product Type
3.1. Warehouse Forklift
3.2. Counterbalance Forklift
4. Asia-Pacific Forklift Truck Market Outlook - By Power Source
4.1. Internal Combustion Engine
4.2. Electric Motor
5. Asia-Pacific Forklift Truck Market Outlook - By Class
5.1. Class 1
5.2. Class 2
5.3. Class 3
5.4. Class 4
5.5. Class 5
6. Asia-Pacific Forklift Truck Market Outlook - By End-User
6.1. Retail & Wholesale
6.4. Food Industry
7. Asia-Pacific Forklift Truck Market - Regional Outlook
7.4. South Korea
7.5. Asean Countries
7.6. Australia & New Zealand
7.7. Rest Of Asia-Pacific
8. Competitive Landscape
8.1. Hangcha Group Co., Ltd.
8.2. Kion Group Ag
8.3. Anhui Heli Co., Ltd.
8.4. Clark Material Handling Company
8.5. Crown Equipment Corporation
8.6. Toyota Industries Corporation
8.7. Mitsubishi Logisnext Co., Ltd.
8.8. Jungheinrich Ag
8.9. Ep Equipment Co., Ltd.
8.10. Hyster-Yale Materials Handling, Inc.
8.11. Hyundai Heavy Industries Co., Ltd.
8.12. Komatsu Ltd
8.13. Lonking Holdings Limited
8.14. Godrej & Boyce Manufacturing Company Limited
8.15. Doosan Corporation Industrial Vehicle
9. Methodology & Scope
9.1. Research Scope & Deliverables
9.2. Sources Of Data
9.3. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/w1cl3w