全球堆高車市場:動力來源(內燃引擎，電動馬達)，級，終端用戶，各地區 - 成長，趨勢，預測(2018年∼2023年)
Forklift Trucks Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The forklift trucks market was valued at USD 43 billion in 2020, and it is expected to reach USD 70 billion by 2026, registering a CAGR of over 7% during the forecast period.
The COVID-19 pandemic negatively impacted the forklift trucks market. With the industries and warehouses shutting down, the need for material handling and inventory management was completely removed. Major companies suspended their operations in different locations due to the lockdown. This directly impacted the requirement of material handling equipment. However, the post-pandemic prospects look hopeful for the industry, owing to the projected increase in urbanization, global trade, and rapid development in warehouse management tools, which can ease material handling and warehouse management.
The market is expected to witness growth during the forecast period, as companies within the manufacturing sector are adopting automation for enhancing their production capacity. Powered industrial trucks reduce manual work, as they help manufacturers transfer various parts and materials from warehouses to the production line with ease and speed. Moreover, the developments in te e-commerce business drive the growth of the global forklift trucks market.
Asia-Pacific dominates the forklift truck market because of the huge need for forklift trucks from advancing nations. The increase in industrialization is one of the factors that are expected to aid the growth of the forklift trucks market. This growt is also a result of the rising demand in developing economies, such as China and India. North America is expected to witness a considerable CAGR due to the presence of prominent market players, such as Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., and CLARK. The market for forklifts in this region is driven by the growing demand in the US retail sector.
With the rapid advancement in technology, there is a lot of potential for electric-powered forklift trucks due to their growing applications and popularity. Such types of electrically-powered forklift trucks are ideal for use in indoor spaces, and they can load and unload heavy goods from the ground level or from the docks. A major advantage of using electrically powered forklift trucks is that there is no need to store the fuel for them at their place of operation. The critical pollutant emissions from these forklift trucks also drive the companies toward adopting electric material handling vehicles that can be easily operated and maintained inside warehouses.
The use of electrically powered forklift trucks is gaining huge ground in the developed regions of North America, Europe, and Asia that boast an established e-commerce industry and strict norms for emissions and concerns for sustainability. However, in emerging economies, there is still a preference for IC-engine forklift trucks.
Moreover, the demand for electric forklift trucks is witnessed majorly across North America, and it is also projected to grow following the same propaganda during the forecast period. According to the estimates of Clark Material Handling Company, US, the industry contributed over USD 25 billion annually to the US GDP, supporting more than 200,000 US jobs annually.
With several other advantages, like zero emission, low noise, better visibility, and the knack of virtually performing every task that an IC forklift can do, electric forklift trucks are expected to gain higher market share, and it is expected to be the fastest growing forklift type over the forecast period.
North America is expected to witness the highest growth in sales in the region during the forecast period (2021 - 2026). This anticipated growth is because of the presence of prominent players in the United States. These players are involved in making heavy investments in adopting advanced and modern forklift trucks instead of conventional fork trucks.
Forklift trucks that are powered on alternative sources of energy, such as hydrogen, are also gaining traction in the global forklift trucks market. Governments across various regions are supporting the growth of the forklift trucks market through various incentives and policies.
As this aligns with the interests of the current US government to create jobs for US citizens, the sales of this equipment are expected to witness considerable growth in the region over the forecast period, making North America one of the fastest-growing regions for the forklift trucks market.
For instance, in 2019, Toyota Material Handling North America (TMHNA) selected four research proposals to provide the industry with solutions that are smarter and more efficient in terms of new technology and innovative approaches, which can help the industry with material handling, warehouse, supply chain, and logistics. This growth is attributed to the presence of prominent market players such as Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., and CLARK.
Some of the key players of global forklift trucks market are Komastu Ltd (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (U.S.), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (U.K), The Raymond Corporation (U.S.), Anhui HELI Co. Ltd (China), and Kalmar Global (Finland).
The market for forklifts witnessed various growth strategies, such as acquisitions, mergers, and collaborations, which are being adopted by market players over the past few years. The market players are focusing on expanding their product portfolio to augment their revenue share.