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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
Forklift is a type of vehicle categorized as a powered industrial vehicle. It is an industrial vehicle with a prolonged device attached that can be lowered and raised. These are used to transport and hoist heavy objects in industrial facilities, distribution centers, warehouses and outdoor environments.
Recently , increase in productivity, operator comfort, decrease in downtime, reduced number of injuries and accidents are the key elements in growth in the forklift market.
Advancement in the technology are paving way for greater adoption forklifts, development of intelligence forklifts, forklifts with ultra capacitors, robotic lift truck, fuel cell powered forklift trucks, fast charging battery based forklifts, and cost effective and hydrogen powered forklifts are drastically influencing the growth opportunities in the forklifts market.
The Global heavy duty forklift market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.
Sl. No. | Company | Year | Developments |
1. | The KION Group | March, 2022 |
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2. | Hangcha Group | March, 2022 |
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3. | Caterpiller | March, 2022 |
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Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
21 | Product installation rate by OEM, 2022 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2022 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |