ASIA PACIFIC FORKLIFT TRUCK MARKET FORECAST 2020-2028

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ASIA PACIFIC FORKLIFT TRUCK MARKET FORECAST 2020-2028

The market for forklift trucks in the Asia Pacific region is set to record a CAGR of 2.42% during the forecast period of 2020-2028.The global forklift truck market is mainly driven by increasing e-commerce business, warehouse space, and technological advancements. The growing e-commerce sales lead to the increasing adoption of forklift trucks to effectively handle the material. In order to study the forklift truck market, the region of Asia Pacific is further segregated into India, China, Japan, South Korea, Thailand, Indonesia, Vietnam, Australia & New Zealand, and the rest of Asia Pacific. The countries like China boasts of the presence of the largest e-commerce sector. The e-commerce organizations of the country encompass a diverse range of warehouses for storage & logistics, for which forklift trucks are utilized due to its operational benefits.

ASIA PACIFIC FORKLIFT TRUCK MARKET FORECAST 2020-2028 

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The market for forklift trucks in the Asia Pacific region is set to record a CAGR of 2.42% during the forecast period of 2020-2028.The global forklift truck market is mainly driven by increasing e-commerce business, warehouse space, and technological advancements. The growing e-commerce sales lead to the increasing adoption of forklift trucks to effectively handle the material.

In order to study the forklift truck market, the region of Asia Pacific is further segregated into India, China, Japan, South Korea, Thailand, Indonesia, Vietnam, Australia & New Zealand, and the rest of Asia Pacific. The countries like China boasts of the presence of the largest e-commerce sector. The e-commerce organizations of the country encompass a diverse range of warehouses for storage & logistics, for which forklift trucks are utilized due to its operational benefits. In countries like Japan, the forklift truck market is witnessing growth due to the surging automotive sector that includes both, passenger and commercial vehicles. The Indian market region, with regard to the forklift truck market, has the benefits of government initiatives that emphasize the enhancement of the manufacturing sector. India is also witnessing the establishment and development of ports in the country, which further propels the market growth in the region.

The market has the presence of some prominent companies. Hangcha Group Co. Ltd, headquartered in Zhejiang, China, is one of the major companies which develops, designs, manufactures, and markets material handling equipment.

 

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF THE MARKET STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & FORECAST
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • DEVELOPMENT OF FORKLIFT TRUCK
    • PARENT MARKET ANALYSIS: MATERIAL HANDLING EQUIPMENT MARKET
    • MARKET DEFINITION
    • MARKET DRIVERS
      • DEMAND FOR HIGH-PERFORMANCE TECHNOLOGIES
      • GROWTH IN EMERGING MARKETS
    • MARKET RESTRAINTS
      • LIMITED NUMBER OF RAW MATERIAL SUPPLIERS
      • HIGH COST OF RAW MATERIALS
      • INCREASE IN GOVERNMENT REGULATIONS
  1. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • BUYERS POWER
      • SUPPLIERS POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • KEY BUYING CRITERIA
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • REGULATORY FRAMEWORK
    • VALUE CHAIN ANALYSIS
    • KEY INVESTMENT INSIGHTS
  2. MARKET BY PRODUCT TYPE
    • WAREHOUSE FORKLIFT
    • COUNTERBALANCE FORKLIFT
  3. MARKET BY POWER SOURCE
    • INTERNAL COMBUSTION ENGINE
    • ELECTRIC MOTOR
  4. MARKET BY CLASS
    • CLASS 1
    • CLASS 2
    • CLASS 3
    • CLASS 4
    • CLASS 5
  5. MARKET BY END USER
    • RETAIL & WHOLESALE
    • LOGISTICS
    • AUTOMOTIVE
    • FOOD INDUSTRY
    • OTHERS
  6. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • HANGCHA GROUP CO., LTD
    • KION GROUP AG
    • ANHUI HELI CO. LTD
    • CLARK MATERIAL HANDLING COMPANY
    • CROWN EQUIPMENT CORPORATION
    • TOYOTA INDUSTRIES CORPORATION
    • MITSUBISHI LOGISNEXT CO., LTD
    • JUNGHEINRICH AG
    • EP EQUIPMENT CO. LTD
    • HYSTER-YALE MATERIALS HANDLING, INC
    • HYUNDAI HEAVY INDUSTRIES CO., LTD
    • KOMATSU LTD
    • LONKING HOLDINGS LIMITED
    • GODREJ & BOYCE MANUFACTURING COMPANY LIMITED
    • DOOSAN CORPORATION INDUSTRIAL VEHICLE

LIST OF TABLES

TABLE 1: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 2: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY PRODUCT, HISTORIC YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY PRODUCT, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY POWER SOURCE, HISTORIC YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY POWER SOURCE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY CLASS, HISTORIC YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY CLASS, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY END USER, HISTORIC YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY END USER, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY, HISTORIC YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: DEVELOPMENT OF FORKLIFT TRUCK

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: OPPORTUNITY MATRIX

FIGURE 5: VENDOR LANDSCAPE

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: ASIA PACIFIC FORKLIFT TRUCK MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE (IN 2019)

FIGURE 8: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY WAREHOUSE FORKLIFT, 2020-2028 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2020-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC FORKLIFT TRUCK MARKET, GROWTH POTENTIAL, BY POWER SOURCE (IN 2019)

FIGURE 11: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY INTERNAL COMBUSTION ENGINE, 2020-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY ELECTRIC MOTOR, 2020-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC FORKLIFT TRUCK MARKET, GROWTH POTENTIAL, BY CLASS (IN 2019)

FIGURE 14: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 1, 2020-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 2, 2020-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 3, 2020-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 4, 2020-2028 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 5, 2020-2028 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC FORKLIFT TRUCK MARKET, GROWTH POTENTIAL, BY END USER (IN 2019)

FIGURE 20: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY RETAIL & WHOLESALE, 2020-2028 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY LOGISTICS, 2020-2028 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY AUTOMOTIVE, 2020-2028 (IN $ MILLION)

FIGURE 23: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY FOOD INDUSTRY, 2020-2028 (IN $ MILLION)

FIGURE 24: ASIA PACIFIC FORKLIFT TRUCK MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 25: ASIA PACIFIC FORKLIFT TRUCK MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 26: CHINA FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 27: JAPAN FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 28: INDIA FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 29: SOUTH KOREA FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 30: THAILAND FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 31: INDONESIA FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 32: VIETNAM FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

FIGURE 34: REST OF ASIA PACIFIC FORKLIFT TRUCK, 2020-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. MARKET BY PRODUCT TYPE
    • WAREHOUSE FORKLIFT
    • COUNTERBALANCE FORKLIFT
  2. MARKET BY POWER SOURCE
    • INTERNAL COMBUSTION ENGINE
    • ELECTRIC MOTOR
  3. MARKET BY CLASS
    • CLASS 1
    • CLASS 2
    • CLASS 3
    • CLASS 4
    • CLASS 5
  4. MARKET BY END USER
    • RETAIL & WHOLESALE
    • LOGISTICS
    • AUTOMOTIVE
    • FOOD INDUSTRY
    • OTHERS

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