Triton’s research report on the Asia-Pacific forklift market states that the market is set to observe growth at a CAGR of 8.31% in revenue and 7.07% in volume during the forecasted years of 2023-2030. The region’s report assesses Australia & New Zealand, India, China, Japan, ASEAN countries, and the Rest of Asia-Pacific.
The country’s advantageous position lies in its easy access to manufacturing resources and a large low-cost labor force that enables low-cost production. Moreover, supportive government policies to promote manufacturing, packaging, healthcare, and construction projects have further boosted the use of forklifts in China. Thriving manufacturing sectors, which include fast-moving consumer goods, durable goods and automotive, are driving demand for forklifts to efficiently manage workflows both locally and globally. This combination of factors is solidifying China’s position as a leading player in the forklift market.
Moreover, Japan also witnesses significant growth in the forklift truck market due to its significant involvement in international trade and the presence of renowned automotive and logistics companies. With a strong focus on manufacturing, including key export goods such as vehicles, machinery, and technological equipment, demand for forklifts is expected to increase. The need for efficient transportation of goods within factories and increasing warehousing activities further contribute to the growth of the forklift truck market.
COMPETITIVE OUTLOOK
Toyota Industries Corporation, Kion Group AG, Komatsu Ltd, Jungheinrich AG and Clark Material Handling Company are among the prominent players in the forklift truck market.
1. Asia-pacific 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. Asia-pacific Forklift Truck Market – By Power Source
3.1. Ic Engine Powered
3.2. Electric Powered
4. Asia-pacific Forklift Truck Market – By Type
4.1. Class 1
4.2. Class 2
4.3. Class 3
4.4. Class 4 & 5
5. Asia-pacific Forklift Truck Market – By End-user
5.1. Retail & E-commerce
5.2. Construction
5.3. Manufacturing
5.4. Other End-users
6. Asia-pacific Forklift Truck Market – By Country Outlook
6.1. Asia-pacific
6.1.1. Country Analysis
6.1.1.1. China
6.1.1.1.1. China Forklift Truck Market Forecast & Prospects
6.1.1.2. Japan
6.1.1.2.1. Japan Forklift Truck Market Forecast & Prospects
6.1.1.3. India
6.1.1.3.1. India Forklift Truck Market Forecast & Prospects
6.1.1.4. Asean Countries
6.1.1.4.1. Asean Countries Forklift Truck Market Forecast & Prospects
6.1.1.5. Australia & New Zealand
6.1.1.5.1. Australia & New Zealand Forklift Truck Market Forecast & Prospects
6.1.1.6. Rest Of Asia-pacific
6.1.1.6.1. Rest Of Asia-pacific 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 List
Table 1: Asia-pacific 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: Asia-pacific Forklift Truck Market, By Power Source, 2023-2030 (In $ Million)
Table 5: Asia-pacific Forklift Truck Market, By Type, 2023-2030 (In $ Million)
Table 6: Asia-pacific Forklift Truck Market, By End-user, 2023-2030 (In $ Million)
Table 7: Asia-pacific Forklift Truck Market, By Country Outlook, 2023-2030 (In $ Million)
Figure List
Figure 1: Market Maturity Analysis
Figure 2: Industry Components
Figure 3: Key Buying Impact Analysis
Figure 4: Asia-pacific Forklift Truck Market, By Power Source, 2022 & 2030 (In %)
Figure 5: Asia-pacific Forklift Truck Market, By Ic Engine Powered, 2023-2030 (In $ Million)
Figure 6: Asia-pacific Forklift Truck Market, By Electric Powered, 2023-2030 (In $ Million)
Figure 7: Asia-pacific Forklift Truck Market, By Type, 2022 & 2030 (In %)
Figure 8: Asia-pacific Forklift Truck Market, By Class 1, 2023-2030 (In $ Million)
Figure 9: Asia-pacific Forklift Truck Market, By Class 2, 2023-2030 (In $ Million)
Figure 10: Asia-pacific Forklift Truck Market, By Class 3, 2023-2030 (In $ Million)
Figure 11: Asia-pacific Forklift Truck Market, By Class 4 & 5, 2023-2030 (In $ Million)
Figure 12: Asia-pacific Forklift Truck Market, By End-user, 2022 & 2030 (In %)
Figure 13: Asia-pacific Forklift Truck Market, By Retail & E-commerce, 2023-2030 (In $ Million)
Figure 14: Asia-pacific Forklift Truck Market, By Construction, 2023-2030 (In $ Million)
Figure 15: Asia-pacific Forklift Truck Market, By Manufacturing, 2023-2030 (In $ Million)
Figure 16: Asia-pacific Forklift Truck Market, By Other End-users, 2023-2030 (In $ Million)
Figure 17: Asia-pacific Forklift Truck Market, By Country Outlook, 2022 & 2030 (In %)
Figure 18: China Forklift Truck Market 2023-2030 (In $ Million)
Figure 19: Japan Forklift Truck Market 2023-2030 (In $ Million)
Figure 20: India Forklift Truck Market 2023-2030 (In $ Million)
Figure 21: Asean Countries Forklift Truck Market 2023-2030 (In $ Million)
Figure 22: Australia & New Zealand Forklift Truck Market 2023-2030 (In $ Million)
Figure 23: Rest Of Asia-pacific Forklift Truck Market 2023-2030 (In $ Million)