Market by Power Source, Type, End-user, and Country Outlook | Forecast 2023-2030
According to a report by Triton Market Research, the North American forklift truck market is expected to experience a CAGR of 8.00% in revenue and 5.12% in volume during the forecast period 2023 to 2030.
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The
countries researched in the region are:
•
United States
•
Canada
Growing
demand in various industries such as warehousing, automotive, and retail are
among the key factors driving market growth and providing profitable
opportunities for companies. The continuous advancement of technology and
automation impacts the production of forklifts in North America. In this
regard, integrating
advanced features
such as electric drives, telematics, and autonomous functions has significantly
impacted the production process. These technological advancements have led to
the development of more efficient, safer, and environmentally friendly
forklifts, prompting manufacturers to upgrade their production capabilities to
meet the demand.
The US captures the largest share in
the forklift truck market. This is mainly owing to the thriving e-commerce sector and
advanced infrastructure. The
increased demand for warehouses during the pandemic and the rise in new
facilities have created affluent opportunities for the market. Forklifts play a
critical role in managing the loading, unloading, and transfer of goods in
these warehouses, supporting the growing need for warehousing.
The
manufacturing industry includes the food and pharmaceutical sectors. Electric
lift trucks help operators handle products efficiently and accurately in the
pharmaceutical industry. In the food industry, forklift trucks transport food
packets to specific locations. Forklift trucks with different capacities and
power types are employed to carry various weights of food packets and arrange
them in the factory. They are preferred due to their advanced ergonomics and
low emissions, making them suitable for the food industry.
The forklift truck market is
segmented into three - by end user, power source, and type. The end-user segment is further
divided into retail and e-commerce, construction, manufacturing, and other
end-users.
Leading companies such as Komatsu
Ltd, Doosan Corporation, Crown Equipment Corporation, Mitsubishi Logisnext Co
Ltd, and Hyster-Yale Materials Handling Inc are prominently mentioned in the
market report.
Crown
Equipment Corporation is a leading global manufacturer of electric and IC
engine-powered forklifts and components. With a robust network of 22
manufacturing facilities and over 500 retail locations in 84 countries, Crown
offers a comprehensive global manufacturing, sales, and service infrastructure.
The company’s commitment to in-house manufacturing extends to 85% of its
forklift components, ensuring quality control. However, focusing on the
material handling equipment industry carries risks, as it is susceptible to
cyclical demand and economic fluctuations, which could impact Crown’s
performance.
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 North 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 NA
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. NORTH
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. NORTH
AMERICA FORKLIFT TRUCK MARKET – BY POWER SOURCE
3.1. IC
ENGINE POWERED
3.2. ELECTRIC
POWERED
4. NORTH
AMERICA FORKLIFT TRUCK MARKET – BY TYPE
4.1. CLASS
1
4.2. CLASS
2
4.3. CLASS
3
4.4. CLASS
4 & 5
5. NORTH
AMERICA FORKLIFT TRUCK MARKET – BY END-USER
5.1. RETAIL
& E-COMMERCE
5.2. CONSTRUCTION
5.3. MANUFACTURING
5.4. OTHER
END-USERS
6. NORTH
AMERICA FORKLIFT TRUCK MARKET – BY COUNTRY OUTLOOK
6.1. NORTH
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
STATES
6.1.1.1.1. UNITED
STATES FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.2. CANADA
6.1.1.2.1. CANADA
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: NORTH 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: NORTH AMERICA FORKLIFT TRUCK MARKET, BY POWER
SOURCE, 2023-2030 (IN $ MILLION)
TABLE 5: NORTH AMERICA FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 6: NORTH AMERICA FORKLIFT TRUCK MARKET, BY
END-USER, 2023-2030 (IN $ MILLION)
TABLE 7: NORTH 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: NORTH AMERICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2022
& 2030 (IN %)
FIGURE 5: NORTH AMERICA FORKLIFT TRUCK MARKET, BY IC ENGINE POWERED,
2023-2030 (IN $ MILLION)
FIGURE 6: NORTH AMERICA FORKLIFT TRUCK MARKET, BY ELECTRIC POWERED,
2023-2030 (IN $ MILLION)
FIGURE 7: NORTH AMERICA FORKLIFT TRUCK MARKET, BY TYPE, 2022 & 2030
(IN %)
FIGURE 8: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 1, 2023-2030 (IN
$ MILLION)
FIGURE 9: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 2, 2023-2030 (IN
$ MILLION)
FIGURE 10: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 3, 2023-2030 (IN
$ MILLION)
FIGURE 11: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CLASS 4 & 5,
2023-2030 (IN $ MILLION)
FIGURE 12: NORTH AMERICA FORKLIFT TRUCK MARKET, BY END-USER, 2022 &
2030 (IN %)
FIGURE 13: NORTH AMERICA FORKLIFT TRUCK MARKET, BY RETAIL & E-COMMERCE,
2023-2030 (IN $ MILLION)
FIGURE 14: NORTH AMERICA FORKLIFT TRUCK MARKET, BY CONSTRUCTION,
2023-2030 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FORKLIFT TRUCK MARKET, BY MANUFACTURING,
2023-2030 (IN $ MILLION)
FIGURE 16: NORTH AMERICA FORKLIFT TRUCK MARKET, BY OTHER END-USERS,
2023-2030 (IN $ MILLION)
FIGURE 17: NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022
& 2030 (IN %)
FIGURE 18: UNITED STATES FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: CANADA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)