Automotive and Transportation Research Reports

  The global   forklift market   size was valued at USD 58.9 billion in 2022 and is expected to reach USD 84.5 billion by 2027, at a CAGR of 7.5 % during the forecast period 2022-2027. The market is expected to witness growth due to major factors such as rising demand for sustainable intralogistics, rapid growth in the e-commerce and warehousing sector, and increasing demand for lean & automated warehouses to increase operational efficiency. In addition, the increase in stringency in emission norms is projected to drive the market for electric forklifts. The indoor forklifts are projected to account for the largest share during the forecast period The increase in indoor applications of forklifts can be attributed to the growing e-commerce industry. Quick access, better space utilization, efficient pallet load handling, and increasing goods consumption are boosting the demand for indoor forklifts. Indoor forklifts are the most efficient, compact material handling equip...

  The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period. The increasing demand for forklifts offers many opportunities for rental services of these trucks, refurbished forklifts suppliers and advanced solution providers. Electric forklifts are gaining traction within material handling application especially at warehouses and logistics facilities and likely to grow wisely owing to its longer battery life, lower maintenance cost and easy maneurverability. High switching costs to electric forklifts and availability of charging infrastructure and battery capacity is few key concerns for this market; however growing advent of zero-emission working environment, sustainability, reduced running costs and rising development of advanced battery technologies will support positive future growth for this segment. This will help battery, motor and electric ystem and component supplier to gain new revenue ...

The global Forklift Market is projected to grow at a CAGR of 1.93%, from USD 16.00 billion in 2016 to USD 17.61 billion by 2021. The focus on fuel economy to meet stringent emission norms coupled with the rising demand for electric forklift is projected to drive the market for battery-operated forklift market. The growing need for warehouses to support hub and spoke model in various sectors, such as e-commerce, automotive component manufacturing, consumable goods, and electronics, is increasing the number of warehouses per country. The increase in the number of warehouses is likely to lead to a rise in the demand for forklift. It is consequently a major driver of the forklift industry. The safety and emission regulations for forklifts have become increasingly stringent and complex in the past few years. The European Commission has now introduced Stage V regulation for Non-Road Mobile Machinery which will be regulated from 2019 and will help in reducing almost 95% emission leve...