Market by Power Source, Type, End-user, and Country Outlook | Forecast 2023-2030
According to Triton’s report, the Asia-Pacific forklift truck market is expected to register revenue and volume growth at a CAGR of 8.31% and 7.07%, respectively, during the forecasted period 2023-2030.
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The
countries examined in the studied region include:
•
China
•
India
•
Japan
•
Australia & New Zealand
•
ASEAN Countries
•
Rest of Asia-Pacific
The Asia Pacific region has emerged as the leading market for forklifts
due to its active involvement in large-scale manufacturing and construction
projects. Countries like China, Japan, and India are witnessing a surge in
industrial activities, driving the demand for efficient goods handling through
forklifts. Additionally, the region’s expansive consumer base is fueling the
growth of retail and e-commerce companies, resulting in increased warehousing
activities and a subsequent rise in the demand for forklifts.
China dominates with the highest market share in
the forklift truck market.
The country benefits from its accessibility to abundant resources, a large and
comparatively affordable labor supply, and supportive government policies. The
Chinese government has also taken steps to promote various projects to boost
the country’s construction activity. As a result, forklift usage is expected to
increase. Industries such as consumer goods, durable goods, and automotive are
among the largest manufacturing sectors in China, serving both local and global
demand. Thus, these factors drive the forklift truck market’s expansion.
IC Engine-powered forklifts, which run on diesel or LPG, remain in high
demand, especially in outdoor and high-throughput applications that require
multiple shifts. These forklifts are widely used in industries such as iron and
steel, automotive, and shipbuilding, where their ability to handle heavy loads
and operation in demanding environments is crucial. With advancements in engine
technology, improved fuel efficiency, and emissions control measures, IC
engine-powered forklifts are evolving to meet stringent environmental
regulations while maintaining their productivity and versatility.
The forklift truck market is divided
into three segments, i.e., type, end-user, and power source. The power source segment further
includes IC engine power and electric power.
The well-known players in the forklift truck
market are Toyota Industries Corporation, Kion Group AG, Hyster-Yale Materials
Handling Inc, Komatsu Ltd, Mitsubishi Logisnext Co Ltd, Hangcha Group Co Ltd,
Doosan Corporation, and Crown Equipment Corporation.
Hyster-Yale Materials Handling Inc is a globally integrated forklift
manufacturer based in the United States. The company, along with its subsidiary
Hyster-Yale Group Inc (HYG), offers a wide range of solutions to meet the
diverse material handling needs of its customers. These solutions include
attachments, hydrogen fuel cell-powered products, telematics, automation, fleet
management services, and various forklift power options. Its primary
distribution channels are independent Hyster and Yale retailers worldwide,
including in Asia-Pacific.
Key deliverables of the report:
● Market CAGR during the forecasting years 2023-2030
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the forklift truck market revenue growth in the Asia-Pacific and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the APAC
forklift truck market’s growth during the upcoming years
Want to get specific insights? Our team of analysts
can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
FORKLIFT TRUCK MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FORKLIFT TRUCK MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. INDUSTRY
COMPONENTS
2.4.1. SUPPLIERS
2.4.2. MANUFACTURERS
2.4.3. DISTRIBUTORS
2.4.4. END-USER
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. COST
2.5.2. ENGINE
TYPE
2.5.3. PAYLOAD
CAPACITIES
2.5.4. LIFT
HEIGHT
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES
2.6.2. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. GROWING
DEMAND FROM THE E-COMMERCE SECTOR
2.7.2. TRANSITION
TOWARD AUTOMATION OF MANUFACTURING PLANTS
2.8. MARKET
CHALLENGES
2.8.1. STRINGENT
TRAINING AND EMISSIONS REGULATIONS
2.8.2. FLUCTUATING
PRICE OF RAW MATERIALS
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
DEMAND FOR ELECTRIC FORKLIFTS
2.9.2. INTRODUCTION
OF AUTONOMOUS VEHICLE TECHNOLOGY FOR MATERIAL HANDLING
2.10. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
FORKLIFT TRUCK MARKET – BY POWER SOURCE
3.1. IC
ENGINE POWERED
3.2. ELECTRIC
POWERED
4. ASIA-PACIFIC
FORKLIFT TRUCK MARKET – BY TYPE
4.1. CLASS
1
4.2. CLASS
2
4.3. CLASS
3
4.4. CLASS
4 & 5
5. ASIA-PACIFIC
FORKLIFT TRUCK MARKET – BY END-USER
5.1. RETAIL
& E-COMMERCE
5.2. CONSTRUCTION
5.3. MANUFACTURING
5.4. OTHER
END-USERS
6. ASIA-PACIFIC
FORKLIFT TRUCK MARKET – BY COUNTRY OUTLOOK
6.1. ASIA-PACIFIC
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. CHINA
6.1.1.1.1. CHINA
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.2. JAPAN
6.1.1.2.1. JAPAN
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.3. INDIA
6.1.1.3.1. INDIA
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.4. ASEAN
COUNTRIES
6.1.1.4.1. ASEAN
COUNTRIES FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.5. AUSTRALIA
& NEW ZEALAND
6.1.1.5.1. AUSTRALIA
& NEW ZEALAND FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.6. REST
OF ASIA-PACIFIC
6.1.1.6.1. REST
OF ASIA-PACIFIC FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. TOYOTA
INDUSTRIES CORPORATION
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGE
7.2. KION
GROUP AG
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY
CHALLENGE
7.3. HYSTER-YALE
MATERIALS HANDLING INC
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. KOMATSU
LTD
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. JUNGHEINRICH
AG
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGE
7.6. MITSUBISHI
LOGISNEXT CO LTD
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. HANGCHA
GROUP CO LTD
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. DOOSAN
CORPORATION
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. CROWN
EQUIPMENT CORPORATION
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTH
7.9.4. KEY
CHALLENGE
7.10. CLARK
MATERIAL HANDLING COMPANY
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LIST OF PRODUCT LAUNCHES
TABLE 3: LIST OF BUSINESS DIVESTITURES &
EXPANSIONS
TABLE 4: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY POWER
SOURCE, 2023-2030 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY END-USER,
2023-2030 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2022 &
2030 (IN %)
FIGURE 5: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY IC ENGINE POWERED,
2023-2030 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY ELECTRIC POWERED,
2023-2030 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY TYPE, 2022 & 2030
(IN %)
FIGURE 8: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 1, 2023-2030 (IN $
MILLION)
FIGURE 9: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 2, 2023-2030 (IN $
MILLION)
FIGURE 10: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 3, 2023-2030 (IN
$ MILLION)
FIGURE 11: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS 4 & 5,
2023-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY END-USER, 2022 &
2030 (IN %)
FIGURE 13: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY RETAIL & E-COMMERCE,
2023-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CONSTRUCTION, 2023-2030
(IN $ MILLION)
FIGURE 15: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY MANUFACTURING,
2023-2030 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2023-2030
(IN $ MILLION)
FIGURE 17: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022
& 2030 (IN %)
FIGURE 18: CHINA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: JAPAN FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: INDIA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 21: ASEAN COUNTRIES FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: AUSTRALIA & NEW ZEALAND FORKLIFT TRUCK MARKET 2023-2030
(IN $ MILLION)
FIGURE 23: REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET 2023-2030 (IN $
MILLION)