Market by Product Type, Power Source, Class, End-user, and Country Outlook | Forecast 2022-2028
Triton’s research report states that the forklift truck market in Asia-Pacific is expected to advance with a CAGR of 7.88% during the forecasting years 2022-2028.
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The
countries evaluated in the region include:
•
China
•
India
•
Japan
•
South Korea
•
Australia & New Zealand
•
ASEAN Countries
•
Rest of Asia-Pacific
China
holds the majority of the shares in the forklift truck market. The region’s market is driven by the rising
e-commerce business and warehouse space. In this regard, forklift trucks are
widely used to move goods to pallet racks across warehouses. Since they are
offered in various models, their deployment differs based on the application.
This has led e-commerce companies to invest heavily in material handling
equipment, which creates various opportunities for the forklift truck market.
The expansion of the e-commerce sector primarily
supports the Chinese market. Several companies like Alibaba and JD.com have
gained significance in the e-commerce sectors. These organizations have
established a diversified range of warehouses for storage. In this regard,
forklift trucks play a vital role in ensuring efficient operations flow.
Therefore, such developments are anticipated to drive the forklift truck market
across the nation.
On the other hand, the Japanese market is fueled
by the rising automotive sector. Forklift trucks are used in manufacturing
utilities of vehicles to perform routine operations, including assembling and
handling heavy vehicles. Over the years, the production of automobiles has
soared immensely, including passenger and commercial, which has elevated the
demand for material handling equipment like forklift trucks.
Forklift trucks are highly efficient and
products in the rapidly evolving wholesale & retail sector. They are
customized and equipped with a wide range of features to meet the increasing
demand of retailers or wholesalers. These trucks assist in the manufacturing of
AC motors, controllers, and related software as a combined system. The market’s growth is assessed in terms of
end-user, class, power source, and product type. The end-user segment
includes retail & wholesale, automotive, food industry, logistics, and
other end-users.
The
notable companies in the market include Hyster-Yale Materials Handling Inc,
Mitsubishi Loginext Co Ltd, Jungheinrich AG, and EP Equipment Co Ltd.
Mitsubishi Loginext Co Ltd designs, develops, manufactures, and
commercializes transportation robots, electric and engine-powered forklifts,
monorails, automated warehouses, and other equipment. The company offers reach
trucks, large IC trucks, small and medium sized IC trucks, low lifters, order
pickers, lateral stacking trucks, power pallet trucks, and towing tractors,
among others. Mitsubishi services clientele across multiple countries, with
headquarters located in Japan.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the forklift truck market revenue growth in the Asia-Pacific and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the APAC
forklift truck market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
FORKLIFT TRUCK MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE FORKLIFT TRUCK MARKET
2.2. KEY
INSIGHTS
2.2.1. FUEL
EFFICIENCY AND LOW CARBON EMISSIONS
2.2.2. COUNTERBALANCE
FORKLIFT HOLDS THE HIGHEST SHARE IN THE PRODUCT TYPE SEGMENT
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY IMPACT ANALYSIS
2.4.1. COST
2.4.2. TYPE
OF ENGINE
2.4.3. PAYLOAD
CAPACITIES
2.4.4. LIFT
HEIGHT
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. REGULATORY
FRAMEWORK
2.8. KEY
MARKET STRATEGIES
2.8.1. ACQUISITIONS
2.8.2. PRODUCT LAUNCHES
2.8.3. CONTRACTS & AGREEMENTS
2.9. MARKET
DRIVERS
2.9.1. GROWTH
IN INFRASTRUCTURE PROJECTS
2.9.2. WAREHOUSE
EXPANSIONS
2.9.3. THRIVING
E-COMMERCE INDUSTRY
2.10. MARKET
CHALLENGE
2.10.1. VOLATILE
COST OF RAW MATERIALS
2.11. MARKET
OPPORTUNITIES
2.11.1. INCREASED GOVERNMENT EXPENDITURE
IN EMERGING ECONOMIES
2.11.2. RISING
INVESTMENTS IN AUTONOMOUS FORKLIFT TRUCKS
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
6.2. LOGISTICS
6.3. MANUFACTURING
6.4. AUTOMOTIVE
6.5. FOOD
INDUSTRY
6.6. OTHER
END-USERS
7. ASIA-PACIFIC
FORKLIFT TRUCK MARKET – COUNTRY OUTLOOK
7.1. CHINA
7.2. JAPAN
7.3. INDIA
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
GROUP
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE
1: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE
2: VENDOR SCORECARD
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE
5: ASIA-PACIFIC FORKLIFT TRUCK MARKET BY POWER SOURCE, 2022-2028 (IN $ MILLION)
TABLE
6: ASIA-PACIFIC FORKLIFT TRUCK MARKET BY CLASS, 2022-2028 (IN $ MILLION)
TABLE
7: ASIA-PACIFIC FORKLIFT TRUCK MARKET BY END-USER, 2022-2028 (IN $ MILLION)
TABLE
8: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY WAREHOUSE FORKLIFT, 2022-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2021 & 2028 (IN %)
FIGURE 6: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY INTERNAL COMBUSTION ENGINE, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY ELECTRIC MOTOR, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY CLASS, 2021 & 2028 (IN %)
FIGURE 9: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY CLASS 1, 2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY CLASS 2, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY CLASS 3, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY CLASS 4, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY CLASS 5, 2022-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 15: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY RETAIL & WHOLESALE, 2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY LOGISTICS, 2022-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY FOOD INDUSTRY, 2022-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC
FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: CHINA FORKLIFT
TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: JAPAN FORKLIFT
TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: INDIA FORKLIFT
TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: SOUTH KOREA
FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: ASEAN COUNTRIES
FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: AUSTRALIA & NEW
ZEALAND FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: REST OF
ASIA-PACIFIC FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)