North America Forklift Market Size by Power Source, by Class, by Application, by Regional Analysis And Forecast

North America Forklift Market Size And Forecast

According to the publisher, The North America Forklift Market was valued at USD 361.12 Million in 2020 and is projected to reach USD 595.75 Million by 2027, growing at a CAGR of 7.41% from 2020 to 2027.

North America Forklift Market Overview

Increasing demand for high-performance forklift trucks has been the biggest driver of the market. On average, forklift trucks have a service life of 10-12 years, leading to a steady need for the replacement of old forklift trucks, the major driver in the markets in the North America region. With the growing demand for faster and superior-quality forklift trucks, a number of companies in developed countries have started to replace their traditional forklift trucks with more energy-efficient and powerful equipment. North America Forklift Trucks market is expected to witness an increase in demand as a result of increased adoption of fuel-efficient vehicles. To increase the efficiency of vehicles, manufacturers are making modifications to engines and hydraulic systems. Fuel-efficient vehicles feature advanced technologies such as hybrids, clean diesel engines, flexible-fuel ethanol vehicles, and turbocharged direct injection systems.

North America Forklift Market, Segment Analysis

The North America Forklift Market is segmented on the basis of Power Source, Class, Application, and Region.

North America Forklift Market, Competitive Landscape

The North America Forklift Market is highly fragmented with the presence of a large number of major companies including Hyster-Yale Materials Handling, Inc., Jungheinrich AG, KION Group AG, Toyota Industries Corporation, Komastu Ltd., Mitsubishi Logisnext Co., Ltd., Anhui Heli Co., Ltd., CLARK, Crown Equipment Corporation, Doosan Corporation, and Hangcha Group Company Ltd.

1 Introduction

1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Assumptions
1.5 Limitations

2 Research Methodology

2.1 Data Mining
2.2 Secondary Research
2.3 Primary Research
2.4 Subject Matter Expert Advice
2.5 Quality Check
2.6 Final Review
2.7 Data Triangulation
2.8 Bottom-Up Approach
2.9 Top Down Approach
2.1 Research Flow
2.11 Data Sources

3 Executive Summary

3.1 Market Overview
3.2 North America Forklift Market Geographical Analysis (Cagr %)
3.3 North America Forklift Market, by Power Source (Usd Million)
3.4 North America Forklift Market, by Class (Usd Million)
3.5 North America Forklift Market, by Appliation (Usd Million)
3.6 Future Market Opportunities

4 Market Outlook

4.1 North America Forklift Market Outlook
4.2 Market Drivers
4.2.1 Increasing Demand for High-Performance Forklift Trucks
4.3 Market Restraints
4.3.1 High Cost of Raw Materials and Stringent Government Regulations
4.4 Market Opportunities
4.4.1 Increasing Demand for Cost-Effective Hydrogen Fuel Cell Forklift
4.5 Impact of Covid - 19 on Forklift Market

5 Market, by Power Source

5.1 Overview
5.2 Ic Engine
5.3 Electric
5.3.1 Lead Acid
5.3.1 Lithium On
5.4 Hydrogen Fuel Cell
5.4.1 Pemfc Forklift
5.4.2 Dmfc Forklift
5.4.3 Others

6 Market, by Class

6.1 Overview
6.2 Class 1
6.3 Class 2
6.4 Class 3
6.5 Class 4/5

7 Market, by Class

7.1 Overview
7.2 Manufacturing
7.3 Wholesale & Retail Distribution
7.4 Warehouse & Logistics
7.5 Freight

8 Market, by Geography

8.1 North America
8.2 U.S.
8.3 Canada
8.4 Mexico

9 Competitive Landscape

9.1 Overview
9.2 Competitive Scenario
9.3 Company Market Ranking Analysis

10 Company Profiles

10.1 Hyster-Yale Materials Handling, Inc.
10.1.1 Company Overview
10.1.2 Company Insights
10.1.3 Segment Breakdown
10.1.4 Product Benchmarking
10.1.5 SWOT Analysis
10.1.6 Key Development
10.2 Jungheinrich AG
10.2.1 Company Overview
10.2.2 Company Insights
10.2.3 Segment Breakdown
10.2.4 Product Benchmarking
10.2.5 SWOT Analysis
10.2.6 Key Development
10.3 Kion Group AG
10.3.1 Company Overview
10.3.2 Company Insights
10.3.3 Segment Breakdown
10.3.4 Product Benchmarking
10.3.5 SWOT Analysis
10.4 Toyota Industries Corporation
10.4.1 Company Overview
10.4.2 Company Insights
10.4.3 Segment Breakdown
10.4.4 Product Benchmarking
10.4.5 Key Development
10.4.6 SWOT Analysis
10.5 Komatsu Ltd
10.5.1 Company Overview
10.5.2 Company Insights
10.5.3 Segment Breakdown
10.5.4 Product Benchmarking
10.5.5 Key Development
10.6 Mitsubishi Logisnext Co. Ltd.
10.6.1 Company Overview
10.6.2 Company Insights
10.6.3 Segment Breakdown
10.6.4 Product Benchmarking
10.7 Anhui Heli Co. Ltd
10.8 Clark Material Handling Company (Clark)
10.9 Crown Equipment Corporation
10.10 Doosan Corporation
10.11 Hangcha Group Company Ltd.