NORTH AMERICA FORKLIFT TRUCK MARKET 2019-2027

Building & Construction | Construction Materials

NORTH AMERICA FORKLIFT TRUCK MARKET 2019-2027

Market By Product Type, Power Source, Class, End-user, And Geography | Forecast 2019-2027

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After studying the North America market for forklift trucks, Triton Market Research has arrived upon the conclusion that the industry would grow at a CAGR of 1.70% in the estimated years between 2019 and 2027.

The countries studied in the North America forklift truck market are:

•      The United States

•      Canada

The forklift truck market in North America is expected to flourish in the coming years, given the rising applications of forklift trucks in the manufacturing industry and the growth in exports from the United States. Besides, in Canada, the investments by the government to upgrade the airport infrastructure along with the proliferation of e-commerce would supplement the forklift truck market growth in the North American region.

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In addition, technological developments in the construction equipment market have significantly boosted the market. 2,50,000 forklift trucks were sold in the region in 2017, marking significant growth in sales as compared to previous years. North America is considered a profitable market, owing to which, forklift truck vendors have been taking initiatives to expand their business in the region. This would aid further growth in the North America forklift truck market.

Massive investments by the Government of Canada to enhance the country’s airport infrastructure drive Canada’s forklift truck market. The Canadian government, in March 2017, announced investing $7.46 million for the 26 new infrastructure projects, which included the upgradation of Canada’s Nanaimo Airport. Forklift trucks are used on a wide scale at airports to dock, undock and stack cargo shipments. The efforts by the government to upgrade the airport infrastructure is expected to raise the forklift truck demand in Canada, which, in turn, would boost its forklift truck market.

Hyster-Yale Materials Handling, Inc. is engaged in the development, design, engineering, manufacture, commercialization, and servicing of a wide range of lift trucks, forklift trucks, and aftermarket parts across the world. The company, with its highly skilled employee base, has been catering its products to the material handling industry for more than 80 years. It has also increased its customer support for the service and maintenance of equipment, which creates significant growth opportunities for the market in the automated material handling equipment market. The America-based company has its headquarters in Ohio, the United States.


  

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Table of Content

1.    NORTH AMERICA FORKLIFT TRUCK MARKET – SUMMARY 

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION                 

2.2. EVOLUTION & TRANSITION OF FORKLIFT TRUCK           

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS    

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS      

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. MARKET DRIVERS         

2.8.1. INCREASING GROWTH OF THE MANUFACTURING INDUSTRY

2.8.2. RISE IN E-COMMERCE BUSINESS       

2.8.3. WAREHOUSE EXPANSIONS      

2.9. MARKET RESTRAINTS  

2.9.1. LIMITED NUMBER OF RAW MATERIAL SUPPLIERS

2.10. MARKET OPPORTUNITIES     

2.10.1. TECHNOLOGICAL ADVANCEMENTS IN FORKLIFT TRUCK        

2.10.2. ADOPTION OF ENVIRONMENT-FRIENDLY LOGISTICS    

2.10.3. COUNTERBALANCE FORKLIFT TO HOLD LARGEST SHARE IN THE PRODUCT TYPE SEGMENT

2.11. MARKET CHALLENGES          

2.11.1. GOVERNMENT RULES & REGULATIONS     

3.    NORTH AMERICA FORKLIFT TRUCK MARKET OUTLOOK – BY PRODUCT TYPE

3.1. WAREHOUSE FORKLIFT           

3.2. COUNTERBALANCE FORKLIFT          

4.    NORTH AMERICA FORKLIFT TRUCK MARKET OUTLOOK – BY POWER SOURCE         

4.1. INTERNAL COMBUSTION ENGINE     

4.2. ELECTRIC MOTOR          

5.    NORTH 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.    NORTH AMERICA FORKLIFT TRUCK MARKET OUTLOOK – BY END-USER         

6.1. RETAIL & WHOLESALE 

6.2. LOGISTICS

6.3. AUTOMOTIVE       

6.4. FOOD INDUSTRY

6.5. OTHERS     

7.    NORTH AMERICA FORKLIFT TRUCK MARKET – REGIONAL OUTLOOK                 

7.1. UNITED STATES  

7.2. CANADA    

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 CORPORATION INDUSTRIAL VEHICLE

9.    METHODOLOGY & SCOPE  

9.1. RESEARCH SCOPE & DELIVERABLES        

9.2. SOURCES OF DATA       

9.3. RESEARCH METHODOLOGY  

 

List of table

TABLE 1: NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 5: NORTH AMERICA FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 6: NORTH AMERICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019-2027 (IN $ MILLION)

TABLE 7: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS, 2019-2027 (IN $ MILLION)

TABLE 8: NORTH AMERICA FORKLIFT TRUCK MARKET, BY END-USER, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2019-2027 (IN $ MILLION)

FIGURE 2: EVOLUTION OF FORKLIFT TRUCKS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: KEY BUYING IMPACT ANALYSIS

FIGURE 5: MARKET ATTRACTIVENESS INDEX

FIGURE 6: NORTH AMERICA FORKLIFT TRUCK MARKET, BY WAREHOUSE FORKLIFT, 2019-2027 (IN $ MILLION)

FIGURE 7: NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2019-2027 (IN $ MILLION)

FIGURE 8: NORTH AMERICA FORKLIFT TRUCK MARKET, BY INTERNAL COMBUSTION ENGINE, 2019-2027 (IN $ MILLION)

FIGURE 9: NORTH AMERICA FORKLIFT TRUCK MARKET, BY ELECTRIC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 10: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 1, 2019-2027 (IN $ MILLION)

FIGURE 11: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 2, 2019-2027 (IN $ MILLION)

FIGURE 12: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 3, 2019-2027 (IN $ MILLION)

FIGURE 13: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 4, 2019-2027 (IN $ MILLION)

FIGURE 14: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 5, 2019-2027 (IN $ MILLION)

FIGURE 15: NORTH AMERICA FORKLIFT TRUCK MARKET, BY RETAIL & WHOLESALE, 2019-2027 (IN $ MILLION)

FIGURE 16: NORTH AMERICA FORKLIFT TRUCK MARKET, BY LOGISTICS, 2019-2027 (IN $ MILLION)

FIGURE 17: NORTH AMERICA FORKLIFT TRUCK MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 18: NORTH AMERICA FORKLIFT TRUCK MARKET, BY FOOD INDUSTRY, 2019-2027 (IN $ MILLION)

FIGURE 19: NORTH AMERICA FORKLIFT TRUCK MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 20: NORTH AMERICA FORKLIFT TRUCK MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 21: UNITED STATES FORKLIFT TRUCK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: CANADA FORKLIFT TRUCK MARKET, 2019-2027 (IN $ MILLION)

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