#Hydrogen Fuel Cell Forklift Market Report

[globalgrowthinsights]

E-prescribing Market Size, Share, Demand, Growth and Forecast 2024-2032

E-prescribing Market provides in-depth analysis of the market state of E-prescribing manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of E-prescribing in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of E-prescribing Market Report:

The report offers a comprehensive and broad perspective on the global E-prescribing Market.

The market statistics represented in different E-prescribing segments offers complete industry picture.

Market growth drivers, challenges affecting the development of E-prescribing are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of E-prescribing.

Major stakeholders, key companies E-prescribing, investment feasibility and new market entrants study is offered.

Development scope of E-prescribing in each market segment is covered in this report. The macro and micro-economic factors affecting the E-prescribing Market

Advancement is elaborated in this report. The upstream and downstream components of E-prescribing and a comprehensive value chain are explained.

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[rajanreddy]

Hydrogen Trucks Market to achieve 41% CAGR growth surpassing USD 119.18 Billion by 2033

The global Hydrogen Truck Market is expected to grow by nearly USD 3.84 Billion by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast period, which is projected to reach over USD 119.18 Billion by the year 2033.

It is expected that, in the forecast period, each of these factors is expected to have a significant impact on the hydrogen trucks market. This is because hydrogen trucks are capable of removing all carbon dioxide and harmful pollutants from the atmosphere, which assists in saving the environment.

In addition to environmental concerns, government initiatives for hydrogen fuel cell infrastructure, a high initial investment in infrastructure, technological advancements, and future potential, the global market is impacted by several factors.

Gain expert insights and supercharge your growth strategies. Request our market overview sample now: https://www.futuremarketinsights.com/reports/sample/rep-gb-15986

As awareness increases the effects of air pollution and traffic levels as well as greenhouse gas emissions, hydrogen trucks may become more popular because they are more eco-friendly than other conventional vehicles.  

Key Takeaways from the Hydrogen Trucks Market Study

North America dominates the market for hydrogen trucks.

The hydrogen trucks are expected to increase at a notable CAGR of 41%.

Asia Pacific region is expected to grow at the fastest rate with an increased revenue share.

Hydrogen fuel cell forklifts have become more popular as people increase awareness regarding environmental issues, government initiatives, and increasing concern about cost-effectiveness. 

Competitive Landscape for the Hydrogen Trucks Market

Various producers and service providers occupy considerable shares of the global market, including Anglo American Platinum Ltd. and Ares Motor Works. The companies have been successful in acquiring new and long-term contracts from different countries over the years.

Key players operating the global hydrogen trucks market include

Cellcentric GmbH & Co. KG

Dongfeng Motor Corporation

Esoro AG

Anglo American Platinum Ltd.

Ares Motor Works

Beiqi Foton Motor

Cummins Inc.

H2X Global

Hyundai Motor Company

Hyzon Motors

Jaguar Land Rover Automotive

Kenworth Trucks

Paccar

Nikola Corporation

Renault

Great Wall Motor Company Ltd.

Grove Hydrogen Automotive

Stellantis N.V.

Toyota

Transpower

UPS

US Hybrid Inc.

Volkswagen/Scania

Hydrogen Trucks Market by Category

By Product

Heavy Duty trucks

Medium Duty Trucks

Small Duty Trucks

By Application

Logistics

Municipal

By Range

Above 400 Km

Below 400 Km

By Region

North America

Latin America

Europe

The Middle East and Africa

East Asia

Recent Developments in the Hydrogen Trucks Market

Together, Hyzon and ORTEN's complementary product lines, as well as ORTEN's body and powertrain kits, offer customers a complete solution for making their fleets zero-emission. Moreover, ORTEN's management maintains extensive and permanent contact with customers throughout Germany.

An investment of USD 2.3 million will be made in the Alberta Zero-Emissions Truck Electrification Collaboration (AZTEC) project by the Jr. Minister of natural resources, Seamus O Regan.  A consortium of project partners, including the Hydrogen Technology and Energy Corporation, Bison Transport, and Canadian Energy Systems Analysis Research, led this project.

[boatarenttahoe]

Hydrogenated Bisphenol A Market Current Scenario and Future Prospects by 2032

Hydrogenated Bisphenol A Market provides in-depth analysis of the market state of Hydrogenated Bisphenol A manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Hydrogenated Bisphenol A in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Hydrogenated Bisphenol A Market Report:

The report offers a comprehensive and broad perspective on the global Hydrogenated Bisphenol A Market.

The market statistics represented in different Hydrogenated Bisphenol A segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Hydrogenated Bisphenol A are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Hydrogenated Bisphenol A.

Major stakeholders, key companies Hydrogenated Bisphenol A, investment feasibility and new market entrants study is offered.

Development scope of Hydrogenated Bisphenol A in each market segment is covered in this report. The macro and micro-economic factors affecting the Hydrogenated Bisphenol A Market

Advancement is elaborated in this report. The upstream and downstream components of Hydrogenated Bisphenol A and a comprehensive value chain are explained.

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[marketresearchreportsanalysis]

Fuel Cell Market to Witness Growth by a CAGR of ~15% throughout 2022 – 2030

Research Nester published a report titled “Fuel Cell Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalfuel cell market in terms of market segmentation by product type, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global fuel cell market is estimated to occupy a large revenue by growing at a CAGR of ~15% during the forecast period, i.e., 2022 – 2030, owing to the escalating demand for the generation of clean energy in developed nations, and rising number of public-private partnerships regarding fast adoption of hydrogen-based applications. Apart from these, growing use of fuel cell-based vehicles around the world is also expected to drive market growth in the coming years.

The global fuel cell market is segmented by product type and application. Based on product type, the segment for proton exchange membrane fuel cell (PEMFC) is anticipated to grab the largest market share during the forecast period on the back of increasing usage of this cell type in backup power systems, automobiles, forklifts and telecommunications. Additionally, based on application, the transportation segment is projected to witness the highest growth over the forecast period ascribing to the growing use of fuel cells in heavy duty operations.

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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the increasing investments of government for clean power generation. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the rising demand for combined heat and power systems in South Korea and Japan.

Growing Demand for Clean Energy Globally to Drive Market Growth

With the surge in technological developments, there is a rising advent for renewable technologies. More and more countries are finding effective and new ways to produce and store renewable energy to fulfil the intensifying energy demand. Along with this, growing emission rate around the world is also giving rise to adoption of cleaner energy alternatives, which in turn is predicted to boost market growth in the near future.

However, expensiveness of fuel cell systems is expected to operate as key restraint to the growth of the fuel cell market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the global fuel cell market which includes company profiling of FuelCell Energy Inc., Ballard Power Systems Inc., Mitsubishi Power, Ltd., Plug Power Inc., Cummins Inc., Bloom Energy, TW Horizon Fuel Cell Technologies, Intelligent Energy Limited, SFC Energy AG, Hydrogenics Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fuel cell market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

[kritikapatil]

Hydrogen Energy Storage System Market to Eyewitness Massive Growth by 2027

Advance Market Analytics released a new market study on Global Hydrogen Energy Storage System Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Hydrogen Energy Storage System Forecast till 2027*.

Hydrogen energy storage (HES) is a procedure that involves using surplus energy supplied by renewables to power electrolysis during periods of low energy demand. It helps to improve supply reliability while also lowering carbon emissions and the total use of conventional petroleum fuels. It provides material handling equipment (MHE), such as forklifts and airport tugs, with supplementary grid services and fuel. In comparison to pumped storage hydropower (PSH) and compressed air energy storage, it also has a large storage capacity (CAES). As a result, hydrogen is stored as compressed gas, cryogenic liquid, and loosely bound hydride compounds in the HES.

Key Players included in the Research Coverage of Hydrogen Energy Storage System Market are

Cummins Inc. (Canada)

ITM Power (United Kingdom)

Hexagon Composites (Norway)

Worthington Industries (United States)

Linde (United Kingdom)

Nel ASA. (Norway)

Plug Power (United States)

Chart Industries (United States)

Air Liquide (France)

Air Products and Chemicals (United States) What's Trending in Market: Growing demand for hydrogen in industries such as metal treatment, food processing, and petroleum refining

The number of policies that directly encourage investment in hydrogen technology is growing

Challenges: Refueling times are too long

Opportunities: Growth in demand for hydrogen energy storage, utilizing excess electric energy

Growing demand for the hydrogen fuel cell

Market Growth Drivers: Increasing need for energy conservation

Reducing consumption of conventional petroleum fuels

The Global Hydrogen Energy Storage System Market segments and Market Data Break Down by Storage Technology (Compression, Liquefaction, Material Based), State (Liquid, Gas, Solid), End-use (Industrial, Commercial, Utilities) To comprehend Global Hydrogen Energy Storage System market dynamics in the world mainly, the worldwide Hydrogen Energy Storage System market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By

AMA Research & Media LLP

[researchvishal]

Hydrogen Trucks Market Future Scenario, Key Insights, Top Companies 2033

According to FMI reports, the global hydrogen trucks is expected to grow by nearly US$ 3.84 Bn by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast period, which is projected to reach over US$ 119.18 Bn by the year 2033.

Key Takeaways from the Hydrogen Trucks Market Study

North America dominates the market for hydrogen trucks.

The hydrogen trucks are expected to increase at a notable CAGR of 41%.

Asia Pacific region is expected to grow at the fastest rate with an increased revenue share.

Hydrogen fuel cell forklifts have become more popular as people increase awareness regarding environmental issues, government initiatives, and increasing concern about cost-effectiveness. 

Each of these factors is anticipated to have a sizable impact on the market for hydrogen trucks throughout the projected period. This is due to the fact that hydrogen trucks can completely remove all carbon dioxide and other dangerous pollutants from the atmosphere, helping to preserve the environment.

The global market is impacted by a number of variables, including environmental concerns, government initiatives for hydrogen fuel cell infrastructure, a large initial investment in infrastructure, technological breakthroughs, and future possibilities.

The popularity of hydrogen trucks may rise as people become more aware of the negative impacts of traffic congestion, air pollution, and greenhouse gas emissions. This is because they are more environmentally friendly than other types of conventional vehicles.

For more information: https://www.futuremarketinsights.com/reports/hydrogen-trucks-market

Competitive Landscape for the Hydrogen Trucks Market

Various producers and service providers occupy considerable shares of the global market, including Anglo American Platinum Ltd. and Ares Motor Works. The companies have been successful in acquiring new and long-term contracts from different countries over the years.

Cellcentric GmbH & Co. KG, Dongfeng Motor Corporation, Esoro AG, Beiqi Foton Motor, Cummins Inc., H2X Global, Hyundai Motor Company, Hyzon Motors, Jaguar Land Rover Automotive, Kenworth Trucks, Paccar, Nikola Corporation and others, the market is growing and establishing a strong global presence.

Recent Developments in the Hydrogen Trucks Market

Together, Hyzon and ORTEN's complementary product lines, as well as ORTEN's body and powertrain kits, offer customers a complete solution for making their fleets zero-emission. Moreover, ORTEN's management maintains extensive and permanent contact with customers throughout Germany.

An investment of $2.3 million will be made in the Alberta Zero-Emissions Truck Electrification Collaboration (AZTEC) project by the Jr. Minister of natural resources, Seamus O Regan.  A consortium of project partners, including the Hydrogen Technology and Energy Corporation, Bison Transport, and Canadian Energy Systems Analysis Research, led this project.

Hydrogen Trucks Market by Category

By Product, the Hydrogen Trucks Market is Segmented as:

Heavy Duty trucks

Medium Duty Trucks

Small Duty Trucks

By Application, the Hydrogen Trucks Market is Segmented as:

Logistics

Municipal

By Range, the Hydrogen Trucks Market is Segmented as:

Above 400 Km

Below 400 Km

[tritonmarketresearch]

Top 4 Industrial Applications of the Forklift Truck Market

Over the past few years, digitalization trends have elevated the demand for e-commerce websites globally. With rising internet users, e-retail sales surpassed around $5.2 trillion worldwide. Given the rise in online shopping and direct-to-consumer shipments, lift truck volume sales reached over 1.4 billion units in 2020. Further, the rising demand for transparency in the supply chain has soared their adoption to locate and transport goods, fueling the global forklift truck market’s expansion.

Over the forecast period 2022-2028, our research report indicates that the global forklift truck market is set to witness robust revenue growth at a CAGR of 7.62%.

What’s lifting the forklift business?

Material handling equipment signifies the collection of products used to enhance operational efficiency and ensure optimum resource utilization. As a result, forklift trucks as equipment have gained traction in the following industries:

In the retail & wholesale sector, forklift trucks have gained prominence as a key solution to transport a high volume of goods with minimal damage. Estimates indicate China and the US collectively account for around 31.4% share of the forklift truck market for the sector. Moreover, retail brands like Alibaba and Lancome have launched new stores offering offline loyalty programs to attract customers, which has increased demand for handling equipment for warehouse operations. In this regard, warehouse forklifts are a widely used product type owing to their lift height capacity and maneuverability.

The logistics industry’s expanding operations have accelerated the adoption of lift trucks to enhance productivity while reducing labor costs. Estimates suggest that counterbalance forklifts will gain traction as a reliable sensing solution for heavy loads and high-speed movement in logistics. According to Triton’s analysis, the Asia-Pacific forklift truck market is witnessing tremendous growth owing to government investments to boost forklift adoption in logistics for retrieving, stacking, etc.

Forklift trucks in the automotive industry are available in various lifting capacities and model variations for barge handling. Their deployment has soared in recent years to enhance industry productivity and service while decreasing total costs to the company. In this scenario, electric lift trucks have emerged as a viable and eco-friendly solution to complete tasks with zero emissions and damage during production. Also, players like Mitsubhi Caterpillar Forklift America Inc and Toyota have introduced electric tire lift truck series and battery electric warehouse models, respectively, to advance efficiency and operability.

In the food & beverage industry, lift trucks are being equipped with advanced technology to keep pace with the changing demand for cold food processors. The growing food stock mainly supports the segment’s growth. Given this growth, forklift trucks are widely opted to deliver goods in lesser time and cost. Moreover, the integration of advanced technology, such as sensors and AI, has elevated their adoption in the food industry, thus widening the forklift truck market’s scope.

Winning Strategies by Notable Players

With industrial expansion taking center stage, companies are concentrating on developing new solutions to cater to warehousing needs. For instance,

The Raymond Corporation introduced standup forklifts, order pickers, pallet jacks, and pick2pallet LED light systems for warehouses.

The Raymond Corporation also introduced the iWarehouse Evolution Intelligent Forklift Telematics System to reduce cost by analyzing warehouse data, thereby upkeeping the overall lift trucks demand.

Toyota Material Handling partnered with Bastian Solution to develop autonomous vehicles for manufacturing facilities and distribution centers.

Hangcha unveiled a new range of electric forklifts with EPS with power-on-demand technology and automotive gearing that ensures low noise.

Hydrogen Fuel Cell Forklifts: An opportunistic pathway

Considering the accelerated adoption of electric forklifts, manufacturers strive to exceed the internal combustion engine performance. Besides, environmental concerns have boosted the demand for long-term and sustainable solutions across industries, making hydrogen-powered vehicles a remarkable substitute for conventional machinery.

Since fuel cells are a viable option for decarbonization, manufacturers are introducing a new range of forklifts to gain a competitive edge. For instance, Toyota Material Handling introduced a new 3-wheeled fuel cell lift truck with high-performance benefits. Thus, the production of hydrogen fuel cell forklifts holds a lucrative growth opportunity for the global market.

[severepeanutperfection]

Forklift Trucks Market - Future Scenario, Key Insights, Top Companies 2033

Persistence Market Research projects that by 2022, the market for forklift trucks would bring in US$54,145.5 million. Because of rising need for commercial warehousing and ongoing expansion in the e-commerce and logistics sectors, the demand for forklift trucks will increase. By 2033, the forklift truck market will be worth US$ 119,194.2 million, expanding at a 7.5% CAGR from 2023 to 2033.

The study of market analysis of Forklift Trucks Market focuses on the key elements and the market dynamics of a specific market within that industry. Forklift Trucks Market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company.

With the help of Forklift Trucks Market Report analysis, every new or established manufacturer can gain knowledge about the business strategies and planning by the significant key marketers who are having a strong base. The documentation is prepared by investigating the company’s activities related to their planning, decision making, purchase, capital investment, innovation, workforce, business expansion strategy, facility expansion, promotional activities, and many other aspects of a company.

Market Dynamics of Forklift Trucks Market

The rising awareness among the global population for the product benefit tends to increase the production of a product of Forklift Trucks Market in a positive way. The manufacturers are hopeful about the possibilities of their market growth. And the analyst is also prepared the report by predicting the high growth rate than the recent rate of growth. A wide range of market players is the vital factor to gain the attraction of the larger buyers, as well as the regional market, existed across the globe.

Healthy growth is demand for forklift trucks is attributed to fleet size augmentation at industrial facilities as well as warehouse establishments handling commercial cargo and goods. These trucks are used to lay and retrieve loads from storage racks, carry components to assembly lines, and arrange products for more efficient handling in distribution centers and warehouses.

With hefty investments on new industrial facilities and warehouse distribution centers in emerging countries, especially with the boom of the e-Commerce industry, forklift trucks are poised to become an integral part of intralogistics operations involving material handling activities.

Various product advancements such as development of hydrogen-powered fuel cell forklift trucks are also leading to a good picture for market growth. These variations help drastically reduce carbon emissions while also improving overall operational efficiency. Over the last few years, there has been rise in the usage of electric-driven forklifts, and manufacturers have made extraordinary efforts to outperform internal combustion engines.

Market players are focusing on product launches and mergers / acquisitions to increase their share and profits.

In 2020, Hyundai Material Handling kicked off the introduction of its new 9V diesel forklift truck.

In October 2019, Cargotec announced its plans to merge with Konecranes.

Key Takeaways from Market Study

Forklift trucks with electric motors are expected to be the preferred type amongst end users because of their eco-friendly features and ability to match the handling capacities of conventional forklift trucks.

By class type, class 4&5 forklift trucks are projected to be the leader because of their superior weight handling capabilities.

By region, East Asia is projected to hold the highest share in the market. China is projected to account for nearly 90% of the East Asia market by 2031.

By product type, counterbalance forklift trucks are projected to hold a significant share of the market due to their ability to handle heavier loads than warehouse product types.

Governments across countries have taken steps to improve infrastructure. Forklift demand is increasing as a result of increased real estate investment.

Market Landscape Identified to Be Fairly Competitive

The worldwide forklift trucks market is identified to be highly competitive with the influx of tier-1, tier-2, and small-scale vendors operating on regional and global levels.

Some of the key players included in the report are Toyota Material Handling, Kion Group AG, Crown Equipment Corporation, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Liuzhou liugong forklift co. LTD, Hangcha Group Co., Ltd., and Anhui HeLi Co., Ltd., BYD, Manitou Group, Kalmar (Cargotec Finland Ojy), Doosan Corporation (Industrial Vehicle), Mitsubishi Nichiyu Forklift Co., Ltd, UniCarriers Forklift, Caterpillar (Cat Lift Trucks), Komatsu Ltd., Hyundai Material Handling, Lonking Machinery Co., Ltd., Konecranes, Sumitomo Heavy Industries, Ltd., V. Mariotti S.r.l., CLARK Material Handling Co., Ltd., JAC Heavy-Duty Construction Machine Co., Ltd., MiMA forklift, AUSA, EP Equipment, Godrej & Boyce (Godrej Material Handling), and Shantui Construction Machinery Co., Ltd.

Conclusion

Over the projection period, planned investments in the establishment of new industrial facilities, including warehouse and storage areas, will call for healthy deployment of forklift trucks.

Additionally, with the burgeoning e-Commerce industry and its infrastructure development programs of storage and distribution centers, the need for forklift trucks for intralogistics processes will heighten. In terms of operation, conventional fuel-driven forklift trucks will be gradually replaced by battery-operated ones, facilitating zero emissions and enhanced efficiency of vehicle locomotion.

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Key Questions Answered in the Forklift Trucks Market Report –

How much is the global forklift trucks market currently valued?

What is main factor driving demand for forklift trucks?

At what CAGR did demand for forklift trucks increase over the past 5 years?

What will be the demand outlook for forklift trucks through 2031?

What are the key trends being witnessed in this marketplace?

What is the market share of the top 5 manufacturers of forklift trucks?

At what rate is the Germany market registering growth in Europe?

Which are the top 5 countries driving most demand for forklift trucks?

[qrtumb]

Global Electric Lift Truck Market Size, Report, and Forecast 2022-2027

Global Electric Lift Truck was valued at US$ 8,600.00 Million in 2021, estimated to reach US$ 1,02,550.00 Million in 2027, with a CAGR of 12.44% from 2022-2027.

Electric lift trucks use an aboard battery-powered motor to offer power for transport and cargo loading and unloading. With the speedily expanding e-commerce sector, the demand for electric lift trucks is rising.

 Get a Sample Copy of this Report@ https://qualiketresearch.com/request-sample/Electric-Lift-Truck-Market/request-sample

Market Drivers

The Global Electric Lift Truck Market is growing due to the rising emissions from diesel-powered lift trucks that will accelerate industry growth. With the fast-expanding e-commerce sector, the demand for electric lift trucks is expected to intensify in the future.

Further, e-commerce companies are investing heavily in advanced solutions to streamline operations across the facilities. This is significantly growing the electric lift truck market.

Rising environmental concerns related with emissions from gasoline and diesel-powered vehicles are prompting manufacturers to develop zero-emission lift trucks. This increases the adoption of electric powered lift trucks while driving the electric lift truck market.

Advancement in battery technology, such as the further development of lithium-Ion & to a lesser extent hydrogen fuel cells, are also leading to greater interest in electric power lift truck market.

Market Restraints

High initial investment & maintenance costs can impede large-scale deployment of electric lift truck fleets over the coming years. The electric lift truck market lacks a footprint of players which offers high-end products with guaranteed reliability, which causes SMEs to refrain from energy-efficient systems. This acts as a pitfall to the electric lift truck market.

The rate of accidents related to the lift truck trucks has increased over the past few years, Thus, rising accidents and safety issues related to forklift/lift trucks is anticipated to hinder the growth of the electric lift truck market.

One of the most dangerous things is operating a lift truck with the load elevated. This is especially true when going around corners, as the truck is more likely to overturn.

Market Segmentation

Electric Lift Truck Market is segmented into major 4 categories. Based on Class, the market is segmented into Class I, Class II, Class III, Class IV, Others. Based on End-Use, the market is divided into Chemical, Food & beverage, Industrial, Logistics, Retail & E-commerce, Others. Based on Product, the market is segmented into Counterbalance, Warehouse. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.

Regional Analysis

Based on region Asia Pacific region dominates the Electric Lift Truck market across the world owing to the equipment is extensively used by businesses for enhancing operational efficiency in this region. Also, in recent years, governments across the region have released new schemes and incentives for expanding the industrial and manufacturing sector.  

Europe occupied the second-highest market portion after the Asia Pacific and is anticipated to grow at a significant CAGR 12.73% throughout the forecast period owing to the Increasing establishment of warehouses and the flourishing e-Commerce industry in this region.

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Market Key Players

Some of the key players operating in Global Electric Lift Truck Market are Anhui HELI Co., Ltd, Clark Material Handling Company, Crown Equipment Corporation, Combilift Material Handling Solutions, Doosan Industrial Vehicle America Corp., Hangcha Group Co., Ltd., Godrej and Boyce Group, Hyster-Yale Materials Handling, Inc., Hubtex Maschinenbau GmbH & Co. KG, Hyundai Construction Equipment Americas, Inc. (subsidiary of Hyundai Heavy Industries Co., Ltd.

Industry development

In March 2021, XPO Logistics had partnered with Balyo to integrate the latter’s autonomous lift trucks. The partnership was aimed at determining the environmental impact of the equipment as a part of the pilot program initiated by XPO Logistics.

In October 2021 Heli had launched the 1st 4-5 tons hydrogen fuel cell forklift in Shanghai. It was the very first hydrogen-powered forklift of this tonnage class in China. It will continue to make efforts in the field of hydrogen forklifts, launch a series of hydrogen-powered products covering all types of counterbalanced forklifts, tractors, and storage trucks.

In December 2021 Crown had acquired one of the earliest electric counterbalance forklifts the company produced, originally manufactured in 1968. The company purchased is an Irish manufacturing facility based in Galway on Ireland’s west coast.

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Huge Growth of Hydrogen Fuel Cell Forklift Market 2021 | Size, Demand, Opportunities & Forecast To 2027 | Hyster-Yale Materials Handling, KION Group, Crown, Raymond Handling Solutions

" Reporthive.com Investigate presents an up-to-date study on Hydrogen Fuel Cell Forklift market sales revenue for 2021, key player analysis, state of development, opportunity assessment, and forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). The report contains market forecasts related to future global estimates, share, business forecast, current manufacturers scenario, competitive landscape and forecast (2021-2026) and other material factors. With in-depth analysis and insight into the developments affecting the business, this report included detailed information on businesses on the global and regional levels. The data examined was conducted taking into account the current top players and the next competitors. The Hydrogen Fuel Cell Forklift Industry Worldwide Report is an exceptional report that enables the industry to make strategic decisions and achieve growth goals. The analysis in this report has been used to examine the various reliable sectors for the fastest development based on the estimated forecasting framework.

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Thinking is a step forward In today’s competitive world, you need to think a step ahead to chase your competitors, as our research provides reviews on key players, important collaborations, unions, and acquisitions along with innovation trends and trade policies to provide a better understanding of driving business forward. Right direction. The Hydrogen Fuel Cell Forklift Market Report is a veritable source of access to research data that is expected to significantly grow your business. The report provides information such as economic scenarios, earnings, limits, trends, market growth rates, and numbers. A SWOT analysis of the Hydrogen Fuel Cell Forklifts market and a Porters Five analysis are also incorporated into the report. Staying informed of market trends and drivers is crucial for decision makers to take advantage of this emerging opportunity. The study provides information on trends and development in the Hydrogen Fuel Cell Forklift market, drivers, capabilities, technologies, and the changing investment structure of the market.

The following companies are major contributors to the Hydrogen Fuel Cell Forklift Market Research Report: Hyster-Yale Materials Handling, KION Group, Crown, Raymond Handling Solutions

How will this report benefit potential stakeholders? It provides figurative estimates for 2021 based on recent developments and historical data [2015-2020]. To collect information and estimate revenue for all sectors, the researchers used top-down and bottom-up approaches. On the basis of data gathered from primary and secondary research and reliable data sources, the report will help both new and current aspirants in the Hydrogen Fuel Cell Forklift market to discover and study market needs, market size and competition.

NB: We can also provide a market report in regional language, German / French / Japanese. We have investigated the COVID-19 situation thoroughly and the new sample has been updated to reflect the impact of COVID-19 on industry trends.

Partition Type: ☑ PEMFC Forklift, DMFC Forklift Segmentation of industrial applications: ☑ Warehouse Logistics, Dock Handling, Manufacturing Factory Geographical analysis The market research report for Hydrogen Fuel Cell Forklift provides a detailed analysis of the various regions and also contains a detailed analysis of the country. Besides the market revenues, the market value report also provides the forecast analysis for countries and regions. The report covers different geographic regions such as North America (USA and Canada), Asia Pacific (China, Japan and India), Europe (UK, Germany, France), Latin America (Mexico and Brazil), the Middle East and Africa. (Gulf Cooperation Council countries and South Africa). The report sheds light on various aspects of the Hydrogen Fuel Cell Forklifts market and answers related questions about the Hydrogen Fuel Cell Forklifts market: • What are the best investment opportunities to introduce new products and provide advanced services in the Hydrogen Fuel Cell Forklifts market? • What customer or related market value propositions should the company focus on when launching new research or mutual funds in the Hydrogen Fuel Cell Forklifts market? • What policy changes will help stakeholders enhance the supply chain and demand network? • Which areas will need more products and services in specific sectors during the forecast period? • What strategies have helped established players reduce supplier, procurement and logistics costs? • Will you use the prospect of using C-Suite to lead companies on a new growth path? • What government measures stimulate the Hydrogen Fuel Cell Forklift market or what government regulations might call into question the state of the regional and global industry in the Hydrogen Fuel Cell Forklift market? • How will the political and economic crisis affect opportunities in the growth areas of personal cosmetic personal care products?

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TOC Highlights: Chapter 1. Introduction: The Hydrogen Fuel Cell Forklift research work report covers a concise introduction to the global market. This segment provides assessments of key participants, a review of Hydrogen Fuel Cell Forklift industry, outlook across key areas, financial services, and various difficulties faced by Hydrogen Fuel Cell Forklift Market. This section depends on the Scope of the Study and Report Guidance. Chapter 2. Outstanding Report Scope: This is the second most significant chapter, which covers market segmentation along with a definition of Hydrogen Fuel Cell Forklift. It characterizes the whole scope of the Hydrogen Fuel Cell Forklift report and the various features it is describing. Chapter 3. Market Dynamics and Key Indicators: This chapter incorporates key elements focusing on drivers [Includes Globally Growing Hydrogen Fuel Cell Forklift frequency and Increasing Investments in Hydrogen Fuel Cell Forklift], Key Market Restraints[High Cost of Hydrogen Fuel Cell Forklift], opportunities [Arising Markets in Developing Countries] and introduced in detail the arising trends [Consistent Innovate of New Screening Products] development difficulties, and influence factors shared in this latest report. Chapter 4. Type Segments: This Hydrogen Fuel Cell Forklift market report shows the market development for different kinds of products showcased by the most far-reaching organizations. Chapter 5. Application Segments: The analysts who composed the report have completely assessed the market capability of key applications and perceived future freedoms. Chapter 6. Geographic Analysis : Each provincial market is deliberately examined to understand its current and future development, improvement, and request situations for this market. Chapter 7. Impact of COVID-19 Pandemic on Global Hydrogen Fuel Cell Forklift Market: 7.1 North America: Insight On COVID-19 Impact Study 2021-2026 7.2 Europe: Serves Complete Insight On COVID-19 Impact Study 2021-2026 7.3 Asia-Pacific: Potential Impact of COVID-19 (2021-2026) 7.4 Rest of the World: Impact Assessment of COVID-19 Pandemic Chapter 8. Manufacturing Profiles: The significant players in the Hydrogen Fuel Cell Forklift market are definite in the report based on their market size, market served, products, applications, regional development, and other variables. Chapter 9. Estimating Analysis: This chapter gives price point analysis by region and different forecasts. Chapter 10. North America Hydrogen Fuel Cell Forklift Market Analysis: This chapter includes an appraisal on Hydrogen Fuel Cell Forklift product sales across major countries of the United States and Canada along with a detailed segmental viewpoint across these countries for the forecasted period 2021-2026. Chapter 11. Latin America Hydrogen Fuel Cell Forklift Market Analysis: Significant countries of Brazil, Chile, Peru, Argentina, and Mexico are assessed apropos to the appropriation of Hydrogen Fuel Cell Forklift. Chapter 12. Europe Hydrogen Fuel Cell Forklift Market Analysis: Market Analysis of Hydrogen Fuel Cell Forklift report remembers insights on supply-demand and sales revenue of Hydrogen Fuel Cell Forklift across Germany, France, United Kingdom, Spain, BENELUX, Nordic, and Italy. Chapter 13. Asia Pacific Excluding Japan (APEJ) Hydrogen Fuel Cell Forklift Market Analysis: Countries of Greater China, ASEAN, India, and Australia & New Zealand are assessed, and sales evaluation of Hydrogen Fuel Cell Forklift in these countries is covered. Chapter 14. Middle East and Africa (MEA) Hydrogen Fuel Cell Forklift Market Analysis: This chapter centers around Hydrogen Fuel Cell Forklift market scenario across GCC countries, Israel, South Africa, and Turkey. Chapter 15. Research Methodology The research procedure chapter includes the accompanying primary realities, 15.1 Coverage 15.2 Secondary Research 15.3 Primary Research Chapter 16. Conclusion

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[blueweave8]

India Forklift Market Share, Growth, Report 2022-2028

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India Forklift Market is predicted to grow at a CAGR of 11.7%, by the end of 2028. The India Forklift Market is booming because of the market is rapidly developing primarily as a result of the rising demand for forklifts that can endure adverse weather conditions. Additionally, the market expansion is fueled by the rising construction sector. Many government organizations are focusing on bolstering the current infrastructure in order to promote overall economic development. The rising e-commerce sector and changes in warehouse operations over the past few years, which have increased demand for forklifts to manage heavy loads and fit through tight spaces, may both be attributed to the expansion. The demand for forklifts that can operate in challenging terrain and transport large construction supplies over long distances is also increasing as a result of the nation's burgeoning building projects. However, an increase in forklift truck safety issues, as well as the high cost of forklift truck maintenance, are likely to stymie market expansion.

Development of Forklifts Powered by Hydrogen Fuel Cells

The use of electric powered forklifts has grown over the past few years, and manufacturers are working extremely hard to outperform internal combustion (IC) engines in terms of performance. The need for long-term and sustainable renewable energy solutions is also increased by environmental concerns and the availability of natural resources like coal, oil, and gas. Hydrogen fuel is an impressive alternative to traditional methods of powering machinery and equipment when it comes to material handling equipment, industries, and cars. For instance, in August 2021, Hyundai Construction Equipment Co. announced a plan to work with S-Fuelcell Co. to produce small-sized forklift trucks that are powered by hydrogen fuel cells. As a result, the India Forklift Market is predicted to develop at a significant rate during the forecast period (2022-2028).

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Increasing Infrastructure Development Investment

Across the nation, numerous regions have started infrastructure building efforts. Forklift truck demand is rising as a result of increased real estate investment. Furthermore, during the projection period, demand for forklift trucks is likely to be driven by rising government investments and expanding infrastructure globally. For instance, the Indian prime minister announced the country's plans to invest $1.35 trillion in infrastructure development from 2021 to 2025 in order to boost the economy in August 2021. In addition, forklift trucks are used to move large or bulky products, which improves productivity and lowers operating expenses at construction sites. Increasing investment in infrastructure development in countries, as well as the advantages of forklift truck material handling capability, are expected to propel the India forklift market ahead.

Challenge: Concerns Concerning the Safety of Forklift Trucks

At the Safety & Health Expo in July 2019, the technical manager for forklift truck training revealed that the frequency of accidents involving forklift trucks has increased in recent years. More than half of the injuries were caused by drivers or pedestrians who got out of the vehicle. Because it is regularly used close to pedestrians and is more likely to become unstable, especially if it is not controlled and loaded properly, the forklift is one of the most dangerous workplace vehicles. The Occupational Safety and Health Administration (OSHA) reports that forklift accidents resulted in 34,900 serious injuries and 85 fatalities in 2020. Forklift rolling or overturning, forklift operator falling off forklift, and workers being hit, crushed, or pinned by a forklift are the three most common forms of accidents, according to the National Institute for Occupational Safety and Health (NIOSH).

Segmental Coverage

India Forklift Market - By Fuel Type

Based on fuel type, the India Forklift Market is segmented into Electric, Diesel, Gasoline & LPG/CNG. Electric forklifts are a more environmentally friendly alternative to gasoline and diesel-powered forklifts. Furthermore, compared to vehicles powered by conventional combustion engines, electric vehicles have fewer maintenance costs. Several countries around the world, including the United Kingdom, India, and France, are in the process of discontinuing sales of combustion engine automobiles. Electric car benefits and favorable government measures are expected to promote demand for electric vehicles over the projection period. This influences the electric segment to dominate the market share in the upcoming years.

Impact of COVID-19 on India Forklift Market

COVID-19's impact on the forklift truck market is unpredictable, and it is expected to be in effect for a few years. Because of the COVID-19 breakout, governments around the world were forced to enforce stringent lockdowns and ban import-export of raw materials and parts for the majority of 2020 and a few months in 2021. As a result, crucial raw materials utilized in the construction of forklift trucks became increasingly scarce. Furthermore, the nationwide lockdown forced factories that manufacture forklift truck systems to shut down partially or completely. The COVID-19 outbreak slowed down efforts and projects aimed at building complex forklift truck systems.

Competitive Landscape

The leading market players in the India Forklift Market are Godrej & Boyce, KION, Toyota Material handling India Pvt. Ltd., Mecneill Engineering Limited, Nilkamal Limited, Hyundai Construction Equipment Private Limited, Escorts Ltd., TELCON, Maini Group, Josts Engineering Private Limited, Mukand Ltd., ACE Ltd., Voltas, TIL, and other prominent players. The India Forklift Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

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[thetejasamale]

Direct Methanol Fuel Cells Industry- Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2030

Direct methanol fuel cells (DMFC) is an electrochemical energy conversion device that converts the chemical energy of liquid methanol into electrical energy. DMFCs are used as an alternative to internal combustion engine (ICE) technology as they offer numerous benefits, including low or even zero emissions. They offer various advantages such as eliminating the requirement for fuel reforming and hydrogen storage and using a liquid fuel for power. DMFCs are ideal for small commercial vehicles such as forklifts and tuggers and consumer goods such as mobile phones, digital cameras, or laptops. They are increasingly being used in military applications due to features such as low noise and thermal signatures and no toxic effluents.

The increase in the demand for clean energy, investments in fuel cell development, high energy density of DMFC, and reduction in emission of harmful gases from the manufacturing and automotive industries are expected to drive the market for DMFC market during the forecast period. The growing awareness of climate change has propelled the adoption rate of clean energy sources in the manufacturing and automotive industries. These industries are among the largest producers of greenhouse gases in the world, and their increasing emphasis on sustainable development has further increased the demand for fuel cells, including DMFCs. For instance, in August 2017, Innogy (Germany) inaugurated its first DMFC-powered marine vessel for commercial operations in Germany. As DMFC technology has been developing at a very high rate, and as the technology evolves, the use of DMFC is expected to reduce the emissions of harmful gases further. This is because the reaction in DMFC results in the production of water, carbon, and power. Thus, the reduction in the emission of harmful gases from the manufacturing and automotive industries is expected to increase the demand for DMFCs in the global market during the forecast period. Such factors are expected to drive the DMFC market during the forecast period.

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Market Research Analysis

In terms of region, the global market for DMFCs is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America dominates the global direct methanol fuel cells (DMFC) market. The increase in the demand for clean energy, investments in fuel cell development, high energy density of DMFC, and reduction in emission of harmful gases from the manufacturing and automotive industries are expected to drive the DMFC market in the region.  

Asia-Pacific is one of the largest markets for renewable energy sources in the world. With the increase in energy demand due to the growing population and per capita provides a huge market potential for the growth of clean energy in the region. As per the International Renewable Energy Agency (IRENA), Asia-Pacific accounts the two-thirds of the rise in renewable energy installation capacity in 2017. The increasing demand for clean energy and the development in the fuel cell industry drives the growth of DMFCs in Asia-Pacific. Moreover, China being the most populated country, is the fastest growing economy in the world. In June 2015, as per China’s Intended Nationally Determined Contributions (INDC), the country set up a target to increase the share of energy consumption by the non-fossil fuel energy source to 20% by 2030. In addition to this, Oorja Corporation (US), provided DMFCs to the country’s telecom sector for providing power to mobiles and mobile towers. Therefore, the increase in the demand for clean energy is expected to drive the growth of the DMFC market in China during the forecast period

Scope of the Report

This study provides an overview of the global DMFC market, tracking four market segments across five geographic regions. The report studies key players, providing a four-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific, Middle East, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global DMFC market by Component, type, application, power output, and region.

By Component

Electrode

Balance of Stack

Membrane

Balance of System

By Type

Serpentine Flow Field Design

Parallel Flow Field Design

By Application

Portable

Stationary

Transportation

By Power Output

Below 1 KW

1 KW–5 KW

Above 5 KW

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By Regions

North America

Asia-Pacific

Europe

Middle East & Africa

Key Players

The major players in the global direct methanol fuel cells (DMFC) market are SFC Energy AG (Germany), Oorja Corporation (US), Pro-Power Co Ltd (South Korea), Antig Technology Co Ltd (Taiwan), Fujikura Ltd (Japan), Siqens GmbH (Germany), and Viaspace (US).  

[researchvishal]

Hydrogen Trucks Market Future Scenario, Key Insights, Top Companies 2033

According to FMI reports, the global hydrogen truck market size is expected to grow by nearly US$ 3.84 Bn by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast period, which is projected to reach over US$ 119.18 Bn by the year 2033.

Each of these factors is anticipated to have a sizable impact on the market for hydrogen trucks throughout the projected period. This is due to the fact that hydrogen trucks can completely remove all carbon dioxide and other dangerous pollutants from the atmosphere, helping to preserve the environment.

The global market is impacted by a number of variables, including environmental concerns, government initiatives for hydrogen fuel cell infrastructure, a large initial investment in infrastructure, technological breakthroughs, and future possibilities.

The popularity of hydrogen trucks may rise as people become more aware of the negative impacts of traffic congestion, air pollution, and greenhouse gas emissions. This is because they are more environmentally friendly than other types of conventional vehicles.

Key Takeaways from the Hydrogen Trucks Market Study

North America dominates the market for hydrogen trucks.

The hydrogen trucks are expected to increase at a notable CAGR of 41%.

Asia Pacific region is expected to grow at the fastest rate with an increased revenue share.

Hydrogen fuel cell forklifts have become more popular as people increase awareness regarding environmental issues, government initiatives, and increasing concern about cost-effectiveness. 

Competitive Landscape for the Hydrogen Trucks Market

Various producers and service providers occupy considerable shares of the global market, including Anglo American Platinum Ltd. and Ares Motor Works. The companies have been successful in acquiring new and long-term contracts from different countries over the years.

Top Global hydrogen truck manufacturers are: ellcentric GmbH & Co. KG, Dongfeng Motor Corporation, Esoro AG, Beiqi Foton Motor, Cummins Inc., H2X Global, Hyundai Motor Company, Hyzon Motors, Jaguar Land Rover Automotive, Kenworth Trucks, Paccar, Nikola Corporation and others, the market is growing and establishing a strong global presence.

Recent Developments in the Hydrogen Trucks Market

Together, Hyzon and ORTEN's complementary product lines, as well as ORTEN's body and powertrain kits, offer customers a complete solution for making their fleets zero-emission. Moreover, ORTEN's management maintains extensive and permanent contact with customers throughout Germany.

An investment of $2.3 million will be made in the Alberta Zero-Emissions Truck Electrification Collaboration (AZTEC) project by the Jr. Minister of natural resources, Seamus O Regan.  A consortium of project partners, including the Hydrogen Technology and Energy Corporation, Bison Transport, and Canadian Energy Systems Analysis Research, led this project.

Hydrogen Trucks Market by Category

By Product, the Hydrogen Trucks Market is Segmented as:

Heavy Duty trucks

Medium Duty Trucks

Small Duty Trucks

By Application, the Hydrogen Trucks Market is Segmented as:

Logistics

Municipal

By Range, the Hydrogen Trucks Market is Segmented as:

Above 400 Km

Below 400 Km

[weepingengineerpuppy]

Forklift Trucks Market Segment & Key Trends To 2027

Market Analysis

The forklift trucks market will touch USD 41.73 billion at a 5.9% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Forklift trucks are heavy-duty, powerful electric lift trucks that are widely used for lifting and transferring heavy materials like crates, container goods, and other components over a short distance. Such trucks have wide applications in recycling operations, warehousing operations, dockyards, to perform functions like unloading and loading goods from cars and moving packaged goods around the storage area. It works on technologies such as internal combustion engine powered and electric powered. By captivity, it is available in above 5 tons and below 5 tons.

Various factors are propelling the global forklift trucks market share. According to the recent MRFR report, such factors include the growing trend in the warehouse and e-commerce segment, technological advances, increasing investments in the infrastructure industry, development of autonomous forklift trucks, and production of hydrogen fuel cell forklifts.

On the contrary, safety issues associated with forklift trucks and the impact of the on-going COVID-19 pandemic may deter the global forklift trucks market growth over the forecast period.

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Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global forklift trucks market based on application, captivity, and technology.

By technology, the global forklift trucks market is segmented into internal combustion engine powered and electric powered. Of these, the internal combustion engine powered segment will lead the market over the forecast period.

By captivity, the global forklift trucks market is segmented into above 5 tons and below 5 tons. Of these, the below 5 tons segment will dominate the market over the forecast period.

By application, the global forklift trucks market is segmented into retail and wholesale, logistic, manufacturing, and others. Of these, the manufacturing segment will command the largest share in the market over the forecast period.

Regional Analysis

By region, the global forklift trucks market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. Growth in industrialization, burgeoning demand for such trucks in India, Japan, and China, and increasing use in construction sites owing to the growing construction of commercial buildings and shelter are adding to the forklift trucks market growth in the region. China holds the utmost share in the market.

In North America, the global forklift trucks market is predicted to have healthy growth over the forecast period. Growing online retailing coupled with wide usage in warehouse activities is adding to the global forklift trucks market growth in the region. The United States holds the utmost share in the market.

In Europe, the global forklift trucks market is predicted to have sound growth over the forecast period. Concerns for sustainability, stringent norms for emissions, and booming e-commerce industry are adding to the global forklift trucks market growth in the region. Germany holds the utmost share in the market for the wide production of forklift and technological advancements.

Key Players

Key contenders profiled in the global forklift trucks market report include Kalmar Global (Finland), Anhui HELI Co., Ltd (China), The Raymond Corporation (U.S.), Crown Equipment Corporation (U.K), Mitsubishi Nichiyu Forklift Corporation (Japan), Jungheinrich Group (Germany), Hyster-Yale Material handling Inc. (U.S.), KION Group AG (Germany), and Komastu Ltd. (Japan).

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