Forklift Trucks Market 2021-26: Size, Growth, Companies Share, Industry Trends, Demand and Opportunities
Forklift Trucks Market 2021-26: Size, Growth, Companies Share, Industry Trends, Demand and Opportunities
Published by IMARC Services Private Limited
Posted on September 15, 2021
According to IMARC Group’s latest report, titled “Forklift Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global forklift trucks market reached a value of US$ 54.7 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.51% during 2021-2026.
Forklift trucks are industrial machines used to transport materials and goods over short distances. They are also utilized for performing different industrial tasks and handling heavy construction materials. They are operated by trained machinists and comprise two horizontal prongs for loading and unloading. As they are economical, powerful, user-friendly, and easy to maintain, their demand is escalating across the globe.
Market Trends and Drivers:
The burgeoning construction industry represents one of the primary factors catalyzing the demand for forklift trucks worldwide. These trucks are employed in warehouses and distribution centers for delivering components to assembly lines and positioning materials for effective handling. As a result, the increasing number of warehouse establishments is contributing to the overall forklift trucks market growth. Moreover, as they perform multiple industrial tasks, forklift trucks find extensive application in dockyards, factories, and warehouses across the transportation, retail, aerospace, and manufacturing industries. Other factors, such as technological advancements and growing research and development (R&D) activities to improve productivity, are anticipated to drive the market further.
Forklift Trucks Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the forklift trucks market has been studied in the report with the detailed profiles of the key players operating in the market.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
According to IMARC Group’s latest report, titled “Forklift Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global forklift trucks market reached a value of US$ 54.7 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.51% during 2021-2026.
Forklift trucks are industrial machines used to transport materials and goods over short distances. They are also utilized for performing different industrial tasks and handling heavy construction materials. They are operated by trained machinists and comprise two horizontal prongs for loading and unloading. As they are economical, powerful, user-friendly, and easy to maintain, their demand is escalating across the globe.
Market Trends and Drivers:
The burgeoning construction industry represents one of the primary factors catalyzing the demand for forklift trucks worldwide. These trucks are employed in warehouses and distribution centers for delivering components to assembly lines and positioning materials for effective handling. As a result, the increasing number of warehouse establishments is contributing to the overall forklift trucks market growth. Moreover, as they perform multiple industrial tasks, forklift trucks find extensive application in dockyards, factories, and warehouses across the transportation, retail, aerospace, and manufacturing industries. Other factors, such as technological advancements and growing research and development (R&D) activities to improve productivity, are anticipated to drive the market further.
Forklift Trucks Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the forklift trucks market has been studied in the report with the detailed profiles of the key players operating in the market.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800