Market by Power Source, Type, End-user, and Country Outlook | Forecast 2023-2030
Triton Market Research’s report projects a compound annual growth rate (CAGR) of 6.63% in revenue and 4.81% in volume for the Latin American forklift truck market between 2023 and 2030.
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The countries evaluated in the studied region are:
•
Brazil
•
Mexico
•
Rest of Latin America
Brazil
and Mexico have a large and expanding consumer base, driving the demand for
various goods and services. This has resulted in a rise in manufacturing and
construction activities in the region. As a result, the need for forklift
trucks has increased to meet the demand in these sectors. Hence, the growing
demand for forklifts is expected to support the forklift truck market growth in
Latin America during the forecast period.
Brazil holds the largest share in
the region’s forklift market. The country’s large manufacturing sector and expanding
e-commerce industry have created a high demand for forklift trucks.
Additionally, adopting automation and new technologies in manufacturing and
logistics further fuels market growth. With Brazil being the largest economy in
Latin America and having a significant manufacturing industry, it attracts
domestic and international players, making the market highly competitive. These
factors make Brazil the key driver of the forklift truck market in the region.
The
Rest of Latin America region, including countries like Chile and Argentina,
significantly contributes to the forklift truck market growth. Chile’s rapid expansion of
technical infrastructure, the introduction of 5G service, and the popularity of
e-commerce have led to significant growth. Additionally, the mining sector,
which plays a crucial role in Chile’s economy, relies on forklift trucks,
further boosting the market. In Argentina, the market expansion is driven by
the growth of manufacturing and logistics industries, government initiatives to
attract foreign investment, infrastructure development investments, and the
expanding retail and e-commerce sectors.
Class
3 forklift type consists of electric motor hand trucks powered by industrial
batteries. These trucks, with a weight capacity of 8,000 lbs, are commonly used
for unloading deliveries and moving cargo to staging areas. They are preferred
for their smaller size and low lift height capacity. The increasing adoption of
class 3 forklift trucks in warehouses, retail, wholesale, and food and beverage
industries is expected to drive their growth. The trend of stocking inventory
in large numbers and the growth of warehouses also contribute to the market’s
expansion.
The forklift truck market is divided
into three segments, i.e., power source, end-user, and type. The type segment further includes
class 1, class 2, class 3, and class 4 and 5.
Prominent
companies such as Crown Equipment Corporation, Kion Group AG, Komatsu Ltd,
Jungheinrich AG, Mitsubishi Logisnext Co Ltd, Hangcha Group Co Ltd, Toyota
Industries Corporation, Doosan Corporation, and Clark Material Handling Company
are prominently featured in the market report.
Doosan Corporation is a diverse holding company based in Seoul, South
Korea. It offers products to various industries, including energy, water
plants, engines, construction and engineering, hydraulic components, and
industrial vehicles. Additionally, Doosan offers financial, consulting,
information technology, media, distribution, and leisure services. Doosan
Corporation offers a diverse range of forklifts equipped with advanced features
for efficient and reliable operations.
Key deliverables of the report:
●
Market CAGR during the forecasting years 2023-2030
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the forklift truck
market revenue growth in Latin America 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 Latin
Market 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. LATIN
AMERICA FORKLIFT TRUCK MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FORKLIFT TRUCK MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. INDUSTRY
COMPONENTS
2.4.1. SUPPLIERS
2.4.2. MANUFACTURERS
2.4.3. DISTRIBUTORS
2.4.4. END-USER
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. COST
2.5.2. ENGINE
TYPE
2.5.3. PAYLOAD
CAPACITIES
2.5.4. LIFT
HEIGHT
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES
2.6.2. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. GROWING
DEMAND FROM THE E-COMMERCE SECTOR
2.7.2. TRANSITION
TOWARD AUTOMATION OF MANUFACTURING PLANTS
2.8. MARKET
CHALLENGES
2.8.1. STRINGENT
TRAINING AND EMISSIONS REGULATIONS
2.8.2. FLUCTUATING
PRICE OF RAW MATERIALS
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
DEMAND FOR ELECTRIC FORKLIFTS
2.9.2. INTRODUCTION
OF AUTONOMOUS VEHICLE TECHNOLOGY FOR MATERIAL HANDLING
2.10. ANALYST
PERSPECTIVE
3. LATIN
AMERICA FORKLIFT TRUCK MARKET – BY POWER SOURCE
3.1. IC
ENGINE POWERED
3.2. ELECTRIC
POWERED
4. LATIN
AMERICA FORKLIFT TRUCK MARKET – BY TYPE
4.1. CLASS
1
4.2. CLASS
2
4.3. CLASS
3
4.4. CLASS
4 & 5
5. LATIN
AMERICA FORKLIFT TRUCK MARKET – BY END-USER
5.1. RETAIL
& E-COMMERCE
5.2. CONSTRUCTION
5.3. MANUFACTURING
5.4. OTHER
END-USERS
6. LATIN
AMERICA FORKLIFT TRUCK INDUSTRY – BY COUNTRY OUTLOOK
6.1. LATIN
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. BRAZIL
6.1.1.1.1. BRAZIL
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.2. MEXICO
6.1.1.2.1. MEXICO
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.3. REST
OF LATIN AMERICA
6.1.1.3.1. REST
OF LATIN AMERICA FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. TOYOTA
INDUSTRIES CORPORATION
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGE
7.2. KION
GROUP AG
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY
CHALLENGE
7.3. HYSTER-YALE
MATERIALS HANDLING INC
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. KOMATSU
LTD
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. JUNGHEINRICH
AG
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGE
7.6. MITSUBISHI
LOGISNEXT CO LTD
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. HANGCHA
GROUP CO LTD
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. DOOSAN
CORPORATION
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. CROWN
EQUIPMENT CORPORATION
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTH
7.9.4. KEY
CHALLENGE
7.10. CLARK
MATERIAL HANDLING COMPANY
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1:
LATIN AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE 2:
LIST OF PRODUCT LAUNCHES
TABLE 3:
LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE 4:
LATIN AMERICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2023-2030 (IN $
MILLION)
TABLE 5:
LATIN AMERICA FORKLIFT TRUCK MARKET, BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 6:
LATIN AMERICA FORKLIFT TRUCK MARKET, BY END-USER, 2023-2030 (IN $
MILLION)
TABLE 7:
LATIN AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: LATIN AMERICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2022
& 2030 (IN %)
FIGURE 5: LATIN AMERICA FORKLIFT TRUCK MARKET, BY IC ENGINE POWERED,
2023-2030 (IN $ MILLION)
FIGURE 6: LATIN AMERICA FORKLIFT TRUCK MARKET, BY ELECTRIC POWERED,
2023-2030 (IN $ MILLION)
FIGURE 7: LATIN AMERICA FORKLIFT TRUCK MARKET, BY TYPE, 2022 & 2030
(IN %)
FIGURE 8: LATIN AMERICA FORKLIFT TRUCK MARKET, BY CLASS 1, 2023-2030 (IN
$ MILLION)
FIGURE 9: LATIN AMERICA FORKLIFT TRUCK MARKET, BY CLASS 2, 2023-2030 (IN
$ MILLION)
FIGURE 10: LATIN AMERICA FORKLIFT TRUCK MARKET, BY CLASS 3, 2023-2030 (IN
$ MILLION)
FIGURE 11: LATIN AMERICA FORKLIFT TRUCK MARKET, BY CLASS 4 & 5,
2023-2030 (IN $ MILLION)
FIGURE 12: LATIN AMERICA FORKLIFT TRUCK MARKET, BY END-USER, 2022 &
2030 (IN %)
FIGURE 13: LATIN AMERICA FORKLIFT TRUCK MARKET, BY RETAIL &
E-COMMERCE, 2023-2030 (IN $ MILLION)
FIGURE 14: LATIN AMERICA FORKLIFT TRUCK MARKET, BY CONSTRUCTION,
2023-2030 (IN $ MILLION)
FIGURE 15: LATIN AMERICA FORKLIFT TRUCK MARKET, BY MANUFACTURING,
2023-2030 (IN $ MILLION)
FIGURE 16: LATIN AMERICA FORKLIFT TRUCK MARKET, BY OTHER END-USERS,
2023-2030 (IN $ MILLION)
FIGURE 17: LATIN AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022
& 2030 (IN %)
FIGURE 18: BRAZIL FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: MEXICO FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: REST OF LATIN AMERICA FORKLIFT TRUCK MARKET 2023-2030 (IN $
MILLION)