Forklift Trucks Research Report：the global market size is projected to reach USD 41 billion by 2030

According to the new market research report “Forklift Trucks - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Forklift Trucks market size is projected to reach USD 41 billion by 2030, at a CAGR of 3.9% during the forecast period.

• Global Forklift Trucks MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Forklift Trucks - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Forklift Trucks TopPlayers Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Forklift Trucks - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Forklift Trucks include Toyota, Kion, Anhui Heli, Jungheinrich, Hangcha, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Lonking, Clark Material Handling, etc. In 2023, the global top five players had a share approximately 52.0% in terms of revenue.

Market Drivers:

Growing E-commerce and Retail Sector: The rapid expansion of e-commerce and retail industries has led to increased demand for efficient warehouse management and material handling solutions, driving the demand for forklift trucks.

Restraint:

High Initial Investment and Maintenance Costs: The substantial initial cost of purchasing forklift trucks and ongoing maintenance expenses can be a financial burden, especially for small and medium-sized enterprises.

Opportunity:

Adoption of Automation and IoT: Integration of automation, Internet of Things (IoT), and data analytics in forklift operations can improve efficiency and safety, creating new opportunities for market expansion.

About The Authors

Kang Qi - Lead Author

Email: kangqi@qyresearch.com

Kang Qi is a technology & market senior analyst specializing in industrial equipment. He is engaged in the development of technology and market reports and is also involved in custom projects.

About QYResearch

QYResearch founded in California, USA in 2007. It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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