Forklift Trucks Market
Forklift Trucks Market Forecasts to 2028 - Global Analysis By Product Type (Warehouse Forklift Trucks and Counterbalanced Forklift Trucks), Tonnage (Below 5 Ton, 5 To 10 Ton, 11 To 36 Ton and 36 Ton And Above), Power Source (Electric and Internal Combustion Engine), Operation (Autonomous and Manual), Battery Type (Lead-Acid and Handling and Lithium-Ion), Class (Class 1, Class 2, Class 3 and Class 4/5), End User and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $56.50 BN |
|
Projected Year Value (2028) |
US $97.39 BN |
|
CAGR (2022 - 2028) |
9.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Forklift Trucks Market is accounted for $56.50 billion in 2022 and is expected to reach $97.39 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Forklift trucks are heavy-duty electric lift trucks that are frequently used to lift and carry heavy things over short distances, such as container goods, crates, and other such components. These trucks are mostly utilised in dockyards, warehousing operations, and recycling operations to conduct tasks such as loading and unloading items from vehicles and transporting packaged goods around the storage area. Furthermore, forklifts are usually powered by an electric battery or an internal combustion engine.
According to UNCTAD, a United Nation Conference on Trade and Development expert, the share of the global e-commerce sector's retail sales increased "dramatically" from 16% to 19% in 2020.
Market Dynamics:
Driver:
Growth in e-commerce industry
The e-commerce market is still growing rapidly. Increased consumer product demand has increased the demand for warehouse space to store products before they are sent in bulk to retail outlets via pallet loads and cases. To send the products to the proper spot without causing any damage, various distribution strategies and warehouse technologies are used. In warehouses, forklift trucks are used to properly place and arrange things or goods to save time and space. These trucks are available in a variety of configurations, including counterbalanced sit-down riders, swing-reach turrets, and order pickers, as well as a variety of power sources, including electric, natural gas, diesel, and gasoline. As a result, the increase of the e-commerce industry is driving the growth of the worldwide forklift truck market.
Restraint:
Mishandling of forklifts
Increased demand from end users has resulted in enhanced manufacturing, which has increased the workload of personnel. Employees are compelled to perform overtime after extended working hours, which cause exhaustion and a decrease in awareness and attention. This has resulted in an increase in accidents, a decrease in productivity, and an increase in company costs for forklift truck drivers. Forklift tripping, instability while riding downslope with loads, transporting improperly balanced loads, driving across uneven ground such as potholes, and so on are some of the common mishaps that occur while operating forklifts.
Opportunity:
Production of hydrogen fuel cell forklifts
Trucks that employ hydrogen fuel cells are more environmentally friendly since they reduce air pollution, noise, and carbon emissions. Due to the benefits offered by fuel cell forklifts, leading forklift truck manufacturers are producing new ranges of forklifts using fuel cell technology, resulting in considerable growth for industry players. Toyota Material Handling, for example, revealed a new 3-wheeled fuel cell forklift with various environmental and performance benefits at ProMat 2019. As a result, the production of hydrogen fuel cell forklifts represents a viable market expansion opportunity.
Threat:
Shortage of skilled operators
Employees are increasingly finding it challenging to locate experienced operators to meet the growing demand in end-user industries. The lack of trained operators is mostly due to an over-reliance on existing certified forklift operators, which has resulted in increased wages and overuse of these workers. Furthermore, a shortage of skilled operators contributes to project delays and losses in profitability. During the projected period, the shortage of skilled forklift truck operators will continue to be a hindrance to the growth of the worldwide forklift trucks market.
Covid-19 Impact
The influence of COVID-19 on the forklift truck market is unpredictable, and it is projected to be in effect for a few years. The COVID-19 outbreak compelled governments throughout the world to impose strict lockdowns and ban import-export of raw materials and parts for the majority of 2020 and a few months in 2021. This resulted in a rapid decrease in the availability of critical raw materials used in the manufacture of forklift trucks. Furthermore, the nationwide lockdown compelled forklift truck system manufacturing facilities to partially or totally shut down their activities. The adverse effects of the COVID-19 pandemic caused widespread delays in actions and projects aimed at developing enhanced forklift truck systems.
The internal combustion engine segment is expected to be the largest during the forecast period
The internal combustion engine segment is estimated to have a lucrative growth, due to the many benefits provided by ICE forklifts. Leading forklift manufacturers are releasing a new line of I.C. engines equipped with cutting-edge technology and novel features. Crown Equipment, for example, one of the leading forklift manufacturers, has added a diesel option to its Crown C-5 Series. Thus, the introduction of internal combustion engine-powered forklifts with enhanced functionality creates a significant potential opportunity for forklift industry participants. This engine type offers extended hours of operation, a lower initial cost, and a larger hauling capability of over 35,000 pounds, making ICE engines excellent for heavy-duty outdoor applications.
The Class 3 segment is expected to have the highest CAGR during the forecast period
The Class 3 segment is anticipated to witness the fastest CAGR growth during the forecast period. Class 3 forklift trucks, often known as electric motor hand operating trucks, can carry a large load. Class 3 trucks with stroll forks are adaptable and easily adjustable to accept pallets of varying lengths and widths. These trucks are utilised for both indoor and outdoor purposes, such as loading docks, warehouse operations, food and beverage makers, and sales floors. Furthermore, an expansion in the number of warehouses of businesses worldwide is predicted to create a variety of future growth opportunities.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period because of the introduction of a new line of forklifts with improved performance. Warehouse space, which is used to store raw materials, packing materials, semi-finished and finished goods, is expanding globally. This area is used by forklift trucks to transport items and place heavy pallets into pallet racks. Furthermore, these lift trucks are available in a variety of models, including warehouse forklift trucks, electric forklift trucks, counterbalance trucks, and others, providing market participants with a tremendous opportunity.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, attributable to the introduction of the new range of forklifts and technical improvements in forklifts. Forklift trucks have numerous advantages in the manufacturing business, including the ability to transfer and handle large goods while lowering operating costs and increasing efficiency. Furthermore, the rising manufacturing industry in Europe will support the expansion of the Europe forklift market and generate profitable opportunities for market competitors.
Key players in the market
Some of the key players profiled in the Forklift Trucks Market include Hyster-Yale Materials Handling, Inc., Mitsubishi Logisnext Co., Ltd., Doosan Corporation, Komatsu Ltd., Anhui Heli Co., Ltd., Toyota Material Handling, Hangcha, KION Group AG, Jungheinrich AG, CLARK, Crown Equipment Corporation, Lonking Holdings Limited, Godrej & Boyce Manufacturing and Hangcha Group
Key Developments:
In September 2022, Toyota Industries Corporation introduced an autonomous lift truck that features the world-first AI-based technology that automatically recognizes the location and position of trucks and loads and generates automated travel routes to perform loading operations.
In May 2021, Jungheinrich unveiled its new electric pallet truck ERD 220i. The new ERD 220i has an L2 dimension of just 1,065 mm and is, therefore, the most compact truck in its class. Compared to its predecessor, the 220i is more than 300mm shorter thanks to its new lithium-ion battery concept, which results in a space reduction of approximately 25 percent.
In April 2021, Godrej Material Handling launched the new Uno Electric Forklift truck. With advanced ergonomics, augmented safety, improved visibility, and a longer runtime on every charge, the new Uno Electric Forklift is a workhorse in the 1.5 to 3-tonne forklift category.
Product Types Covered:
• Warehouse Forklift Trucks
• Counterbalanced Forklift Trucks
Tonnages Covered:
• Below 5 Ton
• 5 To 10 Ton
• 11 To 36 Ton
• 36 Ton And Above
Power Sources Covered:
• Electric
• Internal Combustion Engine
Operations Covered:
• Autonomous
• Manual
Battery Types Covered:
• Lead-Acid
• Lithium-Ion
Classes Covered:
• Class 1
• Class 2
• Class 3
• Class 4/5
End Users Covered:
• Automotive
• Logistics
• Retail & Wholesale
• Food Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Forklift Trucks Market, By Product Type
5.1 Introduction
5.2 Warehouse Forklift Trucks
5.3 Counterbalanced Forklift Trucks
6 Global Forklift Trucks Market, By Tonnage
6.1 Introduction
6.2 Below 5 Ton
6.3 5 To 10 Ton
6.4 11 To 36 Ton
6.5 36 Ton And Above
7 Global Forklift Trucks Market, By Power Source
7.1 Introduction
7.2 Electric
7.3 Internal Combustion Engine
8 Global Forklift Trucks Market, By Operation
8.1 Introduction
8.2 Autonomous
8.3 Manual
9 Global Forklift Trucks Market, By Battery Type
9.1 Introduction
9.2 Lead-Acid
9.3 Lithium-Ion
10 Global Forklift Trucks Market, By Class
10.1 Introduction
10.2 Class 1
10.3 Class 2
10.4 Class 3
10.5 Class 4/5
11 Global Forklift Trucks Market, By End User
11.1 Introduction
11.2 Automotive
11.3 Logistics
11.4 Retail & Wholesale
11.5 Food Industry
11.6 Other End Users
12 Global Forklift Trucks Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Hyster-Yale Materials Handling, Inc.
14.2 Mitsubishi Logisnext Co., Ltd.
14.3 Doosan Corporation
14.4 Komatsu Ltd.
14.5 Anhui Heli Co., Ltd.
14.6 Toyota Material Handling
14.7 Hangcha
14.8 KION Group AG
14.9 Jungheinrich AG
14.10 CLARK
14.11 Crown Equipment Corporation
14.12 Lonking Holdings Limited
14.13 Godrej & Boyce Manufacturing
14.14 Hangcha Group
List of Tables
1 Global Forklift Trucks Market Outlook, By Region (2020-2028) ($MN)
2 Global Forklift Trucks Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Forklift Trucks Market Outlook, By Warehouse Forklift Trucks (2020-2028) ($MN)
4 Global Forklift Trucks Market Outlook, By Counterbalanced Forklift Trucks (2020-2028) ($MN)
5 Global Forklift Trucks Market Outlook, By Tonnage (2020-2028) ($MN)
6 Global Forklift Trucks Market Outlook, By Below 5 Ton (2020-2028) ($MN)
7 Global Forklift Trucks Market Outlook, By 5 To 10 Ton (2020-2028) ($MN)
8 Global Forklift Trucks Market Outlook, By 11 To 36 Ton (2020-2028) ($MN)
9 Global Forklift Trucks Market Outlook, By 36 Ton And Above (2020-2028) ($MN)
10 Global Forklift Trucks Market Outlook, By Power Source (2020-2028) ($MN)
11 Global Forklift Trucks Market Outlook, By Electric (2020-2028) ($MN)
12 Global Forklift Trucks Market Outlook, By Internal Combustion Engine (2020-2028) ($MN)
13 Global Forklift Trucks Market Outlook, By Operation (2020-2028) ($MN)
14 Global Forklift Trucks Market Outlook, By Autonomous (2020-2028) ($MN)
15 Global Forklift Trucks Market Outlook, By Manual (2020-2028) ($MN)
16 Global Forklift Trucks Market Outlook, By Battery Type (2020-2028) ($MN)
17 Global Forklift Trucks Market Outlook, By Lead-Acid (2020-2028) ($MN)
18 Global Forklift Trucks Market Outlook, By Lithium-Ion (2020-2028) ($MN)
19 Global Forklift Trucks Market Outlook, By Class (2020-2028) ($MN)
20 Global Forklift Trucks Market Outlook, By Class 1 (2020-2028) ($MN)
21 Global Forklift Trucks Market Outlook, By Class 2 (2020-2028) ($MN)
22 Global Forklift Trucks Market Outlook, By Class 3 (2020-2028) ($MN)
23 Global Forklift Trucks Market Outlook, By Class 4/5 (2020-2028) ($MN)
24 Global Forklift Trucks Market Outlook, By End User (2020-2028) ($MN)
25 Global Forklift Trucks Market Outlook, By Automotive (2020-2028) ($MN)
26 Global Forklift Trucks Market Outlook, By Logistics (2020-2028) ($MN)
27 Global Forklift Trucks Market Outlook, By Retail & Wholesale (2020-2028) ($MN)
28 Global Forklift Trucks Market Outlook, By Food Industry (2020-2028) ($MN)
29 Global Forklift Trucks Market Outlook, By Other End Users (2020-2028) ($MN)
30 North America Forklift Trucks Market Outlook, By Country (2020-2028) ($MN)
31 North America Forklift Trucks Market Outlook, By Product Type (2020-2028) ($MN)
32 North America Forklift Trucks Market Outlook, By Warehouse Forklift Trucks (2020-2028) ($MN)
33 North America Forklift Trucks Market Outlook, By Counterbalanced Forklift Trucks (2020-2028) ($MN)
34 North America Forklift Trucks Market Outlook, By Tonnage (2020-2028) ($MN)
35 North America Forklift Trucks Market Outlook, By Below 5 Ton (2020-2028) ($MN)
36 North America Forklift Trucks Market Outlook, By 5 To 10 Ton (2020-2028) ($MN)
37 North America Forklift Trucks Market Outlook, By 11 To 36 Ton (2020-2028) ($MN)
38 North America Forklift Trucks Market Outlook, By 36 Ton And Above (2020-2028) ($MN)
39 North America Forklift Trucks Market Outlook, By Power Source (2020-2028) ($MN)
40 North America Forklift Trucks Market Outlook, By Electric (2020-2028) ($MN)
41 North America Forklift Trucks Market Outlook, By Internal Combustion Engine (2020-2028) ($MN)
42 North America Forklift Trucks Market Outlook, By Operation (2020-2028) ($MN)
43 North America Forklift Trucks Market Outlook, By Autonomous (2020-2028) ($MN)
44 North America Forklift Trucks Market Outlook, By Manual (2020-2028) ($MN)
45 North America Forklift Trucks Market Outlook, By Battery Type (2020-2028) ($MN)
46 North America Forklift Trucks Market Outlook, By Lead-Acid (2020-2028) ($MN)
47 North America Forklift Trucks Market Outlook, By Lithium-Ion (2020-2028) ($MN)
48 North America Forklift Trucks Market Outlook, By Class (2020-2028) ($MN)
49 North America Forklift Trucks Market Outlook, By Class 1 (2020-2028) ($MN)
50 North America Forklift Trucks Market Outlook, By Class 2 (2020-2028) ($MN)
51 North America Forklift Trucks Market Outlook, By Class 3 (2020-2028) ($MN)
52 North America Forklift Trucks Market Outlook, By Class 4/5 (2020-2028) ($MN)
53 North America Forklift Trucks Market Outlook, By End User (2020-2028) ($MN)
54 North America Forklift Trucks Market Outlook, By Automotive (2020-2028) ($MN)
55 North America Forklift Trucks Market Outlook, By Logistics (2020-2028) ($MN)
56 North America Forklift Trucks Market Outlook, By Retail & Wholesale (2020-2028) ($MN)
57 North America Forklift Trucks Market Outlook, By Food Industry (2020-2028) ($MN)
58 North America Forklift Trucks Market Outlook, By Other End Users (2020-2028) ($MN)
59 Europe Forklift Trucks Market Outlook, By Country (2020-2028) ($MN)
60 Europe Forklift Trucks Market Outlook, By Product Type (2020-2028) ($MN)
61 Europe Forklift Trucks Market Outlook, By Warehouse Forklift Trucks (2020-2028) ($MN)
62 Europe Forklift Trucks Market Outlook, By Counterbalanced Forklift Trucks (2020-2028) ($MN)
63 Europe Forklift Trucks Market Outlook, By Tonnage (2020-2028) ($MN)
64 Europe Forklift Trucks Market Outlook, By Below 5 Ton (2020-2028) ($MN)
65 Europe Forklift Trucks Market Outlook, By 5 To 10 Ton (2020-2028) ($MN)
66 Europe Forklift Trucks Market Outlook, By 11 To 36 Ton (2020-2028) ($MN)
67 Europe Forklift Trucks Market Outlook, By 36 Ton And Above (2020-2028) ($MN)
68 Europe Forklift Trucks Market Outlook, By Power Source (2020-2028) ($MN)
69 Europe Forklift Trucks Market Outlook, By Electric (2020-2028) ($MN)
70 Europe Forklift Trucks Market Outlook, By Internal Combustion Engine (2020-2028) ($MN)
71 Europe Forklift Trucks Market Outlook, By Operation (2020-2028) ($MN)
72 Europe Forklift Trucks Market Outlook, By Autonomous (2020-2028) ($MN)
73 Europe Forklift Trucks Market Outlook, By Manual (2020-2028) ($MN)
74 Europe Forklift Trucks Market Outlook, By Battery Type (2020-2028) ($MN)
75 Europe Forklift Trucks Market Outlook, By Lead-Acid (2020-2028) ($MN)
76 Europe Forklift Trucks Market Outlook, By Lithium-Ion (2020-2028) ($MN)
77 Europe Forklift Trucks Market Outlook, By Class (2020-2028) ($MN)
78 Europe Forklift Trucks Market Outlook, By Class 1 (2020-2028) ($MN)
79 Europe Forklift Trucks Market Outlook, By Class 2 (2020-2028) ($MN)
80 Europe Forklift Trucks Market Outlook, By Class 3 (2020-2028) ($MN)
81 Europe Forklift Trucks Market Outlook, By Class 4/5 (2020-2028) ($MN)
82 Europe Forklift Trucks Market Outlook, By End User (2020-2028) ($MN)
83 Europe Forklift Trucks Market Outlook, By Automotive (2020-2028) ($MN)
84 Europe Forklift Trucks Market Outlook, By Logistics (2020-2028) ($MN)
85 Europe Forklift Trucks Market Outlook, By Retail & Wholesale (2020-2028) ($MN)
86 Europe Forklift Trucks Market Outlook, By Food Industry (2020-2028) ($MN)
87 Europe Forklift Trucks Market Outlook, By Other End Users (2020-2028) ($MN)
88 Asia Pacific Forklift Trucks Market Outlook, By Country (2020-2028) ($MN)
89 Asia Pacific Forklift Trucks Market Outlook, By Product Type (2020-2028) ($MN)
90 Asia Pacific Forklift Trucks Market Outlook, By Warehouse Forklift Trucks (2020-2028) ($MN)
91 Asia Pacific Forklift Trucks Market Outlook, By Counterbalanced Forklift Trucks (2020-2028) ($MN)
92 Asia Pacific Forklift Trucks Market Outlook, By Tonnage (2020-2028) ($MN)
93 Asia Pacific Forklift Trucks Market Outlook, By Below 5 Ton (2020-2028) ($MN)
94 Asia Pacific Forklift Trucks Market Outlook, By 5 To 10 Ton (2020-2028) ($MN)
95 Asia Pacific Forklift Trucks Market Outlook, By 11 To 36 Ton (2020-2028) ($MN)
96 Asia Pacific Forklift Trucks Market Outlook, By 36 Ton And Above (2020-2028) ($MN)
97 Asia Pacific Forklift Trucks Market Outlook, By Power Source (2020-2028) ($MN)
98 Asia Pacific Forklift Trucks Market Outlook, By Electric (2020-2028) ($MN)
99 Asia Pacific Forklift Trucks Market Outlook, By Internal Combustion Engine (2020-2028) ($MN)
100 Asia Pacific Forklift Trucks Market Outlook, By Operation (2020-2028) ($MN)
101 Asia Pacific Forklift Trucks Market Outlook, By Autonomous (2020-2028) ($MN)
102 Asia Pacific Forklift Trucks Market Outlook, By Manual (2020-2028) ($MN)
103 Asia Pacific Forklift Trucks Market Outlook, By Battery Type (2020-2028) ($MN)
104 Asia Pacific Forklift Trucks Market Outlook, By Lead-Acid (2020-2028) ($MN)
105 Asia Pacific Forklift Trucks Market Outlook, By Lithium-Ion (2020-2028) ($MN)
106 Asia Pacific Forklift Trucks Market Outlook, By Class (2020-2028) ($MN)
107 Asia Pacific Forklift Trucks Market Outlook, By Class 1 (2020-2028) ($MN)
108 Asia Pacific Forklift Trucks Market Outlook, By Class 2 (2020-2028) ($MN)
109 Asia Pacific Forklift Trucks Market Outlook, By Class 3 (2020-2028) ($MN)
110 Asia Pacific Forklift Trucks Market Outlook, By Class 4/5 (2020-2028) ($MN)
111 Asia Pacific Forklift Trucks Market Outlook, By End User (2020-2028) ($MN)
112 Asia Pacific Forklift Trucks Market Outlook, By Automotive (2020-2028) ($MN)
113 Asia Pacific Forklift Trucks Market Outlook, By Logistics (2020-2028) ($MN)
114 Asia Pacific Forklift Trucks Market Outlook, By Retail & Wholesale (2020-2028) ($MN)
115 Asia Pacific Forklift Trucks Market Outlook, By Food Industry (2020-2028) ($MN)
116 Asia Pacific Forklift Trucks Market Outlook, By Other End Users (2020-2028) ($MN)
117 South America Forklift Trucks Market Outlook, By Country (2020-2028) ($MN)
118 South America Forklift Trucks Market Outlook, By Product Type (2020-2028) ($MN)
119 South America Forklift Trucks Market Outlook, By Warehouse Forklift Trucks (2020-2028) ($MN)
120 South America Forklift Trucks Market Outlook, By Counterbalanced Forklift Trucks (2020-2028) ($MN)
121 South America Forklift Trucks Market Outlook, By Tonnage (2020-2028) ($MN)
122 South America Forklift Trucks Market Outlook, By Below 5 Ton (2020-2028) ($MN)
123 South America Forklift Trucks Market Outlook, By 5 To 10 Ton (2020-2028) ($MN)
124 South America Forklift Trucks Market Outlook, By 11 To 36 Ton (2020-2028) ($MN)
125 South America Forklift Trucks Market Outlook, By 36 Ton And Above (2020-2028) ($MN)
126 South America Forklift Trucks Market Outlook, By Power Source (2020-2028) ($MN)
127 South America Forklift Trucks Market Outlook, By Electric (2020-2028) ($MN)
128 South America Forklift Trucks Market Outlook, By Internal Combustion Engine (2020-2028) ($MN)
129 South America Forklift Trucks Market Outlook, By Operation (2020-2028) ($MN)
130 South America Forklift Trucks Market Outlook, By Autonomous (2020-2028) ($MN)
131 South America Forklift Trucks Market Outlook, By Manual (2020-2028) ($MN)
132 South America Forklift Trucks Market Outlook, By Battery Type (2020-2028) ($MN)
133 South America Forklift Trucks Market Outlook, By Lead-Acid (2020-2028) ($MN)
134 South America Forklift Trucks Market Outlook, By Lithium-Ion (2020-2028) ($MN)
135 South America Forklift Trucks Market Outlook, By Class (2020-2028) ($MN)
136 South America Forklift Trucks Market Outlook, By Class 1 (2020-2028) ($MN)
137 South America Forklift Trucks Market Outlook, By Class 2 (2020-2028) ($MN)
138 South America Forklift Trucks Market Outlook, By Class 3 (2020-2028) ($MN)
139 South America Forklift Trucks Market Outlook, By Class 4/5 (2020-2028) ($MN)
140 South America Forklift Trucks Market Outlook, By End User (2020-2028) ($MN)
141 South America Forklift Trucks Market Outlook, By Automotive (2020-2028) ($MN)
142 South America Forklift Trucks Market Outlook, By Logistics (2020-2028) ($MN)
143 South America Forklift Trucks Market Outlook, By Retail & Wholesale (2020-2028) ($MN)
144 South America Forklift Trucks Market Outlook, By Food Industry (2020-2028) ($MN)
145 South America Forklift Trucks Market Outlook, By Other End Users (2020-2028) ($MN)
146 Middle East & Africa Forklift Trucks Market Outlook, By Country (2020-2028) ($MN)
147 Middle East & Africa Forklift Trucks Market Outlook, By Product Type (2020-2028) ($MN)
148 Middle East & Africa Forklift Trucks Market Outlook, By Warehouse Forklift Trucks (2020-2028) ($MN)
149 Middle East & Africa Forklift Trucks Market Outlook, By Counterbalanced Forklift Trucks (2020-2028) ($MN)
150 Middle East & Africa Forklift Trucks Market Outlook, By Tonnage (2020-2028) ($MN)
151 Middle East & Africa Forklift Trucks Market Outlook, By Below 5 Ton (2020-2028) ($MN)
152 Middle East & Africa Forklift Trucks Market Outlook, By 5 To 10 Ton (2020-2028) ($MN)
153 Middle East & Africa Forklift Trucks Market Outlook, By 11 To 36 Ton (2020-2028) ($MN)
154 Middle East & Africa Forklift Trucks Market Outlook, By 36 Ton And Above (2020-2028) ($MN)
155 Middle East & Africa Forklift Trucks Market Outlook, By Power Source (2020-2028) ($MN)
156 Middle East & Africa Forklift Trucks Market Outlook, By Electric (2020-2028) ($MN)
157 Middle East & Africa Forklift Trucks Market Outlook, By Internal Combustion Engine (2020-2028) ($MN)
158 Middle East & Africa Forklift Trucks Market Outlook, By Operation (2020-2028) ($MN)
159 Middle East & Africa Forklift Trucks Market Outlook, By Autonomous (2020-2028) ($MN)
160 Middle East & Africa Forklift Trucks Market Outlook, By Manual (2020-2028) ($MN)
161 Middle East & Africa Forklift Trucks Market Outlook, By Battery Type (2020-2028) ($MN)
162 Middle East & Africa Forklift Trucks Market Outlook, By Lead-Acid (2020-2028) ($MN)
163 Middle East & Africa Forklift Trucks Market Outlook, By Lithium-Ion (2020-2028) ($MN)
164 Middle East & Africa Forklift Trucks Market Outlook, By Class (2020-2028) ($MN)
165 Middle East & Africa Forklift Trucks Market Outlook, By Class 1 (2020-2028) ($MN)
166 Middle East & Africa Forklift Trucks Market Outlook, By Class 2 (2020-2028) ($MN)
167 Middle East & Africa Forklift Trucks Market Outlook, By Class 3 (2020-2028) ($MN)
168 Middle East & Africa Forklift Trucks Market Outlook, By Class 4/5 (2020-2028) ($MN)
169 Middle East & Africa Forklift Trucks Market Outlook, By End User (2020-2028) ($MN)
170 Middle East & Africa Forklift Trucks Market Outlook, By Automotive (2020-2028) ($MN)
171 Middle East & Africa Forklift Trucks Market Outlook, By Logistics (2020-2028) ($MN)
172 Middle East & Africa Forklift Trucks Market Outlook, By Retail & Wholesale (2020-2028) ($MN)
173 Middle East & Africa Forklift Trucks Market Outlook, By Food Industry (2020-2028) ($MN)
174 Middle East & Africa Forklift Trucks Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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