Forklift Trucks Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Rapid Growth in Construction Sector to Boost the Market Growth | Technavio

LONDON--()--Technavio has been monitoring the forklift trucks market and it is poised to grow by 498.49 thousand units during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by class type, which is the leading segment in the market?
  • The class V segment is expected to be the leading segment based on class type in the global market during the forecast period.
  • What are the major trends in the market?
  • High growth potential in emerging markets is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 6%, the incremental growth of the market is anticipated to be 498.49 thousand units.
  • Who are the top players in the market?
  • Cargotec Corp., Crown Equipment Corp., CVS Ferrari Spa, Hyster-Yale Materials Handling Inc., Jungheinrich AG, KION GROUP AG, Mitsubishi Heavy Industries Ltd., Royal Terberg Group BV, SANY Group Co. Ltd., and Toyota Industries Corp. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Rapid growth in construction sector is one of the major factors driving the market. However, the shortage of skilled operators restrains the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cargotec Corp., Crown Equipment Corp., CVS Ferrari Spa, Hyster-Yale Materials Handling Inc., Jungheinrich AG, KION GROUP AG, Mitsubishi Heavy Industries Ltd., Royal Terberg Group BV, SANY Group Co. Ltd., and Toyota Industries Corp. are some of the major market participants. The rapid growth in construction sector will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Forklift trucks Market 2020-2024: Segmentation

Forklift trucks Market is segmented as below:

  • Class Type
    • Class V
    • Class III
    • Class I
    • Class II
    • Class IV
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40505

Forklift trucks Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The forklift trucks market report covers the following areas:

  • Forklift trucks Market Size
  • Forklift trucks Market Trends
  • Forklift trucks Market Analysis

This study identifies high growth potential in emerging markets as one of the prime reasons driving the forklift trucks market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Forklift trucks Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist forklift trucks market growth during the next five years
  • Estimation of the forklift trucks market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the forklift trucks market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of forklift trucks market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Class V - Market size and forecast 2019-2024
  • Class III - Market size and forecast 2019-2024
  • Class I - Market size and forecast 2019-2024
  • Class II - Market size and forecast 2019-2024
  • Class IV - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Geographic Landscape by Volume

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024 ($ millions)
  • Europe - Market size and forecast 2019-2024 ($ millions)
  • North America - Market size and forecast 2019-2024 ($ millions)
  • South America - Market size and forecast 2019-2024 ($ millions)
  • MEA - Market size and forecast 2019-2024 ($ millions)

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Cargotec Corp.
  • Crown Equipment Corp.
  • CVS Ferrari Spa
  • Hyster-Yale Materials Handling Inc.
  • Jungheinrich AG
  • KION GROUP AG
  • Mitsubishi Heavy Industries Ltd.
  • Royal Terberg Group BV
  • SANY Group Co. Ltd.
  • Toyota Industries Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Forklift trucks Market will grow by 498.49 th units during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/