Asia-pacific Forklift Trucks Market Forecast 2023-2032
KEY FINDINGS
The Asia-Pacific forklift truck market is projected to progress with a CAGR of 6.83% during the forecast years of 2023 to 2032. Some of the leading factors accredited to the market growth of the region include the surge in manufacturing and construction projects as well as the increasing number of warehouse activities by the retail & e-commerce industry.
MARKET INSIGHTS
The Asia-Pacific forklift truck market growth analysis considers a thorough assessment of Japan, India, China, South Korea, Australia & New Zealand, and Rest of Asia-Pacific. India stands as a prominent force in the Asia-Pacific as well as the global economy. The country has solidified its position as a leading manufacturing hub, catering to industries such as automobiles, retail, packaging, and others. This growth is propelled by government initiatives like Make in India, which encourage domestic production, as well as the influx of investments and the presence of a vast domestic market.
Simultaneously, the retail and e-commerce sectors are experiencing significant expansion in the nation. Amazon India, for example, aims to foster e-commerce exports worth $10 billion from India by 2025 through programs like the Amazon Global Selling Programme, enabling businesses of all scales to participate. As the demand for forklift trucks rises in industries that require efficient loading, unloading, and storage of goods, the Asia-Pacific market is poised to witness substantial growth during the forecast period.
COMPETITIVE INSIGHTS
Major enterprises operating in the market are Komatsu Ltd, Doosan Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.5. Major Market Findings
- 2.5.1. Dealers/Distributors Network & After Sale Services
- 2.5.2. Product Launches, Upgrades, And Market Developments
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Rising Demand From E-commerce Industry
- 3.1.2. Automation Of Manufacturing Facilities
- 3.2. Key Restraints
- 3.2.1. Personnel Training & Stringent Emission Rules
- 3.2.2. Varying Prices Of Raw Materials
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Concentration Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Suppliers
- 4.5.2. Oems
- 4.5.3. Distributors
- 4.5.4. End-user
- 4.6. Key Buying Criteria
- 4.6.1. Cost
- 4.6.2. Engine Type
- 4.6.3. Payload Capacity
- 4.6.4. Lift Height
- 5. Market By Engine Type
- 5.1. Ice Powered
- 5.1.1. Market Forecast Figure
- 5.1.2. Segment Analysis
- 5.2. Electric Powered
- 5.2.1. Market Forecast Figure
- 5.2.2. Segment Analysis
- 6. Market By Type
- 6.1. Class 1
- 6.1.1. Market Forecast Figure
- 6.1.2. Segment Analysis
- 6.2. Class 2
- 6.2.1. Market Forecast Figure
- 6.2.2. Segment Analysis
- 6.3. Class 3
- 6.3.1. Market Forecast Figure
- 6.3.2. Segment Analysis
- 6.4. Class 4 & 5
- 6.4.1. Market Forecast Figure
- 6.4.2. Segment Analysis
- 7. Market By End-user
- 7.1. Retail & E-commerce
- 7.1.1. Market Forecast Figure
- 7.1.2. Segment Analysis
- 7.2. Construction
- 7.2.1. Market Forecast Figure
- 7.2.2. Segment Analysis
- 7.3. Manufacturing
- 7.3.1. Market Forecast Figure
- 7.3.2. Segment Analysis
- 7.4. Other End-users
- 7.4.1. Market Forecast Figure
- 7.4.2. Segment Analysis
- 8. Geographical Analysis
- 8.1. Asia-pacific
- 8.1.1. Market Estimates & Sizes
- 8.1.2. Key Players Operating In Asia-pacific Forklift Truck Market
- 8.1.3. Country Analysis
- 8.1.3.1. China
- 8.1.3.1.1. China Forklift Truck Market Size & Opportunities
- 8.1.3.2. Japan
- 8.1.3.2.1. Japan Forklift Truck Market Size & Opportunities
- 8.1.3.3. India
- 8.1.3.3.1. India Forklift Truck Market Size & Opportunities
- 8.1.3.4. South Korea
- 8.1.3.4.1. South Korea Forklift Truck Market Size & Opportunities
- 8.1.3.5. Australia & New Zealand
- 8.1.3.5.1. Australia & New Zealand Forklift Truck Market Size & Opportunities
- 8.1.3.6. Rest Of Asia-pacific
- 8.1.3.6.1. Rest Of Asia-pacific Forklift Truck Market Size & Opportunities
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Product Launches & Developments
- 9.1.2. Business Expansions
- 9.2. Company Profiles
- 9.2.1. Clark
- 9.2.1.1. Company Overview
- 9.2.1.2. Products List
- 9.2.1.3. Strengths & Challenges Analysis
- 9.2.2. Crown Equipment Corporation
- 9.2.2.1. Company Overview
- 9.2.2.2. Products List
- 9.2.2.3. Strengths & Challenges Analysis
- 9.2.3. Doosan Corporation
- 9.2.3.1. Company Overview
- 9.2.3.2. Products List
- 9.2.3.3. Strengths & Challenges Analysis
- 9.2.4. Hangcha Group
- 9.2.4.1. Company Overview
- 9.2.4.2. Products List
- 9.2.4.3. Strengths & Challenges Analysis
- 9.2.5. Hyster-yale Materials Handling Inc
- 9.2.5.1. Company Overview
- 9.2.5.2. Products List
- 9.2.5.3. Strengths & Challenges Analysis
- 9.2.6. Jungheinrich Ag
- 9.2.6.1. Company Overview
- 9.2.6.2. Products List
- 9.2.6.3. Strengths & Challenges Analysis
- 9.2.7. Kion Ag
- 9.2.7.1. Company Overview
- 9.2.7.2. Products List
- 9.2.7.3. Strengths & Challenges Analysis
- 9.2.8. Komatsu Ltd
- 9.2.8.1. Company Overview
- 9.2.8.2. Products List
- 9.2.8.3. Strengths & Challenges Analysis
- 9.2.9. Mitsubishi Logisnext Co Ltd
- 9.2.9.1. Company Overview
- 9.2.9.2. Products List
- 9.2.9.3. Strengths & Challenges Analysis
- 9.2.10. Toyota Industries Corporation
- 9.2.10.1. Company Overview
- 9.2.10.2. Products List
- 9.2.10.3. Strengths & Challenges Analysis
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