Market by Product Type, Power Source, Class, End-user, and Country Outlook | Forecast 2022-2028
According to Triton’s research report, the forklift truck market in North America is expected to register a compound annual growth rate of 7.54% during the forecast years from 2022 to 2028.
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The
countries evaluated in the region consist of:
•
The United States
•
Canada
The
United States holds the largest market for forklift trucks in the region. The sale of forklift trucks is growing
remarkably due to the increasing demand in warehousing, automotive, retail, and
other sectors. Over the forecast period, the growth in the manufacturing
industry, exports, and infrastructure developments are expected to elevate the
demand for forklift trucks. Another trend is the expanding e-commerce sector,
which has influenced players to introduce new products to support warehouse
operations. Therefore, these factors are propelling the forklift market on a
growth path.
The United States is among the largest and most
advanced markets for automated material handling solutions globally. The
significant development of manufacturing and e-commerce activity has resulted
in the high adoption of forklift trucks. Estimates suggest that the country is
leading in terms of manufacturing competitiveness and is anticipated to
continue its stronghold over the upcoming years. Therefore, the demand for
forklift trucks is expected to increase due to their ability to reduce manual
labor while increasing the efficiency of the manufacturing process.
Warehouse forklifts are widely used for lifting,
transporting, and handling goods in warehouses. In this regard, range trucks
are commonly used due to their suitability for indoor operations and lift
height capacity. Moreover, these trucks have stabilized batteries that negate
the need for counterbalance weight. The
market is segmented in terms of product type, power source, end-user, and class.
The product type category is bifurcated into warehouse and counterbalance
forklifts.
The key companies in the studied market consist
of Kion Group AG, Hangcha Group Co Ltd, Anhui Heli Co Ltd, Clark Material
Handling Company, and Crown Equipment Corporation.
Crown Equipment Corporation is a global
manufacturer of material handling products. Its product line includes
forklifts, automation, fleet management technologies, manufacturing, and
warehousing services. It primarily delivers products that are cost effective
and applicable in warehouse logistics. Crown Equipment serves clients globally,
with headquarters in New Bremen, the United States.
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 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
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. RISING
INVESTMENTS IN AUTONOMOUS FORKLIFT TRUCKS
2.11.2. GOVERNMENT
STEPS TO PROMOTE ELECTRIC VEHICLES
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. MANUFACTURING
6.4. AUTOMOTIVE
6.5. FOOD
INDUSTRY
6.6. OTHER
END-USERS
7. NORTH
AMERICA FORKLIFT TRUCK MARKET – COUNTRY 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
GROUP
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE
1: NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE
2: VENDOR SCORECARD
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: NORTH AMERICA FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE
5: NORTH AMERICA FORKLIFT TRUCK MARKET BY POWER SOURCE, 2022-2028 (IN $
MILLION)
TABLE
6: NORTH AMERICA FORKLIFT TRUCK MARKET BY CLASS, 2022-2028 (IN $ MILLION)
TABLE
7: NORTH AMERICA FORKLIFT TRUCK MARKET BY END-USER, 2022-2028 (IN $ MILLION)
TABLE
8: NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 3: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY WAREHOUSE FORKLIFT, 2022-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2021 & 2028 (IN %)
FIGURE 6: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY INTERNAL COMBUSTION ENGINE, 2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA FORKLIFT
TRUCK MARKET, BY ELECTRIC MOTOR, 2022-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY CLASS, 2021 & 2028 (IN %)
FIGURE 9: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 1, 2022-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA FORKLIFT
TRUCK MARKET, BY CLASS 2, 2022-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 3, 2022-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY CLASS 4, 2022-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA FORKLIFT
TRUCK MARKET, BY CLASS 5, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 15: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY RETAIL & WHOLESALE, 2022-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY LOGISTICS, 2022-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY FOOD INDUSTRY, 2022-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA
FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 22: UNITED STATES
FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: CANADA FORKLIFT
TRUCK MARKET 2022-2028 (IN $ MILLION)