Market by Product Type, Power Source, Class, End-user, and Country Outlook | Forecast 2022-2028
Triton Market Research’s estimates insinuate that the forklift truck market in Latin America is likely to advance with a compound annual growth rate of 6.32% during the forecasted period 2022-2028.
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The
countries examined in the given region are:
•
Brazil
•
Mexico
•
Rest of Latin America
In
Latin America, Brazil captures the highest shares in the forklift truck market. The region’s growth can be attributed to the
rising manufacturing sectors, coupled with growing cargo traffic at seaports.
Additionally, the technological advancements and production of electric
forklift trucks are generating various opportunities for the players. This
further accelerates the forklift truck market’s development across the region.
In Brazil, the government is striving to make
improvements in the transportation network, which is expected to create
investment opportunities in the supply chain. Further, the establishment of
free trade zones has supported economic growth, increasing the need for port
development to a large extent. In this regard, forklift trucks are widely
deployed at the ports to carry the material from one place to another.
Therefore, the expansion of the transportation network is expected to elevate
the adoption of forklift tricks, boosting the studied market.
Similarly, the growth of the transportation
service industry has made exports competitive in Mexico. Most of the logistics
depend on the road and rail sectors. Hence, the development of the
transportation sector is anticipated to support the adoption of forklift trucks
over the forecast period.
Forklift trucks are deployed across construction
sites to carry heavy building materials over long distances and rough terrain.
They are capable of unloading pallets of steel girders, bricks, and other
materials. This indicates that the rise in construction activities ultimately
necessitates the adoption of forklift trucks. The market’s growth is assessed based on end-user, power source,
product type, and class. The end-user section is further sectioned into
manufacturing, automotive, food industry, retail & wholesale, logistics,
and other end-users.
The
popular firms listed in the market report include Komatsu Ltd, Lonking Holdings
Limited, Godrej & Boyce Manufacturing Company Limited, and Doosan Group.
Komatsu Ltd is involved in developing,
designing, and marketing construction and mining equipment, utilities, forest
machines, and industrial machinery. For instance, it develops industrial
equipment like forklift trucks, crawler carriers, and dump trucks, among
others. The company also offers lasers, thermoelectric generators, and press
machines. Komatsu serves clients across multiple regions, including in Latin
America.
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 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 LA
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. KEY
INSIGHTS
2.1.1. FUEL
EFFICIENCY AND LOW CARBON EMISSIONS
2.1.2. COUNTERBALANCE
FORKLIFT HOLDS THE HIGHEST SHARE IN THE PRODUCT TYPE SEGMENT
2.2. IMPACT
OF COVID-19 ON THE FORKLIFT TRUCK MARKET
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. LATIN
AMERICA FORKLIFT TRUCK MARKET OUTLOOK - BY PRODUCT TYPE
3.1. WAREHOUSE
FORKLIFT
3.2. COUNTERBALANCE
FORKLIFT
4. LATIN
AMERICA FORKLIFT TRUCK MARKET OUTLOOK - BY POWER SOURCE
4.1. INTERNAL
COMBUSTION ENGINE
4.2. ELECTRIC
MOTOR
5. LATIN
AMERICA 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. LATIN
AMERICA 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. LATIN
AMERICA FORKLIFT TRUCK MARKET – COUNTRY OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST
OF LATIN AMERICA
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: LATIN AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE
2: VENDOR SCORECARD
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: LATIN AMERICA FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE
5: LATIN AMERICA FORKLIFT TRUCK MARKET BY POWER SOURCE, 2022-2028 (IN $
MILLION)
TABLE
6: LATIN AMERICA FORKLIFT TRUCK MARKET BY CLASS, 2022-2028 (IN $ MILLION)
TABLE
7: LATIN AMERICA FORKLIFT TRUCK MARKET BY END-USER, 2022-2028 (IN $ MILLION)
TABLE
8: LATIN AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 3: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY WAREHOUSE FORKLIFT, 2022-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA FORKLIFT
TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2021 & 2028 (IN %)
FIGURE 6: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY INTERNAL COMBUSTION ENGINE, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY ELECTRIC MOTOR, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY CLASS, 2021 & 2028 (IN %)
FIGURE 9: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 1, 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 2, 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 3, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 4, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 5, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 15: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY RETAIL & WHOLESALE, 2022-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY LOGISTICS, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY FOOD INDUSTRY, 2022-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA
FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: BRAZIL FORKLIFT
TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: MEXICO FORKLIFT
TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: REST OF LATIN
AMERICA FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)