North America Forklift Truck Market Analysis 2023-2032 : Size, Share, Trends, and Regional Opportunities
Pranita Shah, MPH
Logistics | EV | Aviation | Automotive | Space | Millitary | Radar Sensors | Sr. Research Assistant
Allied Market Research recently published a report titled - “The North America Forklift Truck Market.” According to the research report the market size of north america forklift truck industry is estimated to gain a revenue of $27.81 billion by 2032, having contributed to a revenue of $12.15 billion in 2022, exhibiting a remarkable CAGR of 8.9% from 2023 to 2032.
The research report begins with a comprehensive overview of the North America region and provides in-depth information on the North America forklift truck sector. It offers detailed insights such as market value, growth rate, top market segments, leading market players in the North America region, and market scenario.
Furthermore, this research report provides detailed information on consumer behavior, pricing analysis & estimations, market competitiveness analysis, and pestle analysis. This research report helps organizations, investors, and stakeholders make informed decisions for continuous success.
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The rise in e-commerce platforms has brought about a growth in demand for shifting, transporting, and lifting goods, which has fueled the expansion of the market. In addition, the increasing use of electric forklifts in diverse sectors is driving market growth. Innovations such as rapid battery charging systems, which reduce downtime and extend forklift lifespan, further contribute to this trend.
One of the major benefits of electric forklifts is that there is no need to store fuel on-site. Moreover, their lower emissions make them attractive to companies seeking environmentally friendly solutions for material handling in warehouses.
The use of electric forklifts is especially crucial in North America due to several factors, such as e-commerce, stringent emission regulations, and sustainability. For example, the regulations in Chicago encourage material handling companies to bring new ideas. Hyster Yale launched two new products due to research and development efforts. One of its products is the first counterbalanced electric forklift truck equipped with a lithium-ion battery pack in the factory. This trend has had a robust effect on the growth of the forklift industry in the North America region.
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The North America forklift truck industry has experienced significant growth due to advancements in the e-commerce sector and increased investments in infrastructure. However, safety concerns regarding forklift trucks have hampered market growth. On the contrary, the manufacturing of hydrogen fuel cell forklifts and the introduction of autonomous forklift trucks are anticipated to create lucrative opportunities for companies in the market.
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The report provides a detailed assessment of the key vendors and top market players in the competitive landscape of the North America forklift truck sector. Some of the leading companies are ????????????, ?????????????? ??????., ???????? ?????????? ????, ???????????????????? ?????????????????? ????., ??????., ?????????? ?????????????????? ??????????????????????, ???????????? ???????????????????? ??????????????????????, ??????????, ????????????-???????? ???????????????? ????????????????, ??????., ???????????? ?????????? ???? ??????????????????, ?????? ?????????????????????? ??????.
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The North America forklift truck industry is segmented based on Power Source, End Use, Class, and Region.
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Electric Powered IC Engine Powered
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Automotive Retail and Wholesale Food Industry Logistics Others
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Class 5 Class 4 Class 3 Class 2 Class 1
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United States Canada Mexico
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What is the estimated growth rate of the North America forklift truck industry?
What are the driving factors influencing the growth of the North America forklift truck industry?
Who are the top entities operating in the North America forklift truck industry?
Which country is expected to experience significant growth in the North America forklift truck industry?
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Global Forklift Truck Market :
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Hydrogen Fuel Cell Truck Market : https://www.alliedmarketresearch.com/hydrogen-fuel-cell-truck-market-A74607