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Dec 09, 2023

Forklift Trucks Market to grow by CAGR of 5.69% by 2024, Evolving Opportunities with Cargotec Corp. & Crown Equipment Corp.

News provided by 27 Jul, 2022, 05:45 ET Share this article NEW YORK, July 27,

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27 Jul, 2022, 05:45 ET

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NEW YORK, July 27, 2022 /PRNewswire/ -- The forklift trucks market size is set to grow by 498.49 thousand units from 2019 to 2024, progressing at a CAGR of 5.69% according to the latest market report by Technavio. Technavio categorizes the forklift trucks market as a part of the global construction machinery and heavy trucks market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the global forklift trucks market during the forecast period.

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Our forklift trucks market report covers the following areas:

The global forklift truck market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.Cargotec Corp., Crown Equipment Corp., CVS Ferrari Spa, Hyster-Yale Materials Handling Inc., Jungheinrich AG, KION GROUP AG, Mitsubishi Heavy Industries Ltd., Royal Terberg Group BV, SANY Group Co. Ltd., and Toyota Industries Corp. are some of the major market participants.

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Get ready to achieve excellent business outcomes from this exclusive Forklift Trucks Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -

The competitive scenario provided in the Forklift Trucks Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Forklift Trucks Market Forecast Report - Buy Now!

Forklift Trucks Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5.69%

Market growth 2020-2024

498.49 thousand units

Market structure

Concentrated

YoY growth (%)

5.00

Regional analysis

APAC, Europe, North America, South America, APAC, Europe, North America, and South America

Performing market contribution

APAC at 47%

Key consumer countries

China, US, Germany, Japan, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Cargotec Corp., Crown Equipment Corp., CVS Ferrari Spa, Hyster-Yale Materials Handling Inc., Jungheinrich AG, KION GROUP AG, Mitsubishi Heavy Industries Ltd., Royal Terberg Group BV, SANY Group Co. Ltd., and Toyota Industries Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Class type

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio