Market Overview:
The global industrial forklift trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for industrial forklift trucks in various end-use applications, such as small and medium truck, large truck, and others. Additionally, the increasing adoption of advanced safety features in industrial forklift trucks is also propelling the growth of this market. Some of the major safety features that are being adopted by manufacturers include adaptive cruise control (ACC), automatic emergency braking (AEB), blind spot detection (BSD), intelligent park assist (IPA), lane assist (LA), traffic jam assist (TJA) and highway pilot system/highway autopilot system(HP).
Product Definition:
An industrial forklift truck is a powered industrial truck used to lift and move materials by means of a pronged fork attached to the front. They are extremely important in factories and other industrial settings, as they allow for quick and easy transportation of heavy objects.
Adaptive Cruise Control (ACC):
ACC is a driver assistance system which helps in maintaining the set speed of the vehicle. It automatically varies the transmission ratio to maintain constant speed. The ACC systems are designed for heavy-duty vehicles such as industrial forklifts, where human drivers often experience problems with variable speed transmissions and may tend to accelerate or brake hard, incurring wheel spin or loss of traction.
Automatic Emergency Braking (AEB):
Automatic emergency braking is a safety feature that can automatically apply the brakes during an emergency. It works by identifying the proximity of other vehicles and obstacles using radar or camera systems. The system is enabled by law in several countries, including the U.S., India, Japan, Germany and many others to avoid accidents caused due to driver inattention or lack of restraint on a busy road.
The lift truck has several sensors such as ultrasonic sensors.
Application Insights:
The large truck segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to maintain its dominance over the forecast period. The growth can be attributed to the increasing demand for heavy-duty trucks, which are primarily used in construction, mining and material handling industries. Furthermore, governments across various regions have made regulations regarding maximum permissible length and width of vehicles on roads, thereby driving the adoption of lane departure warning systems and traffic jam assist among other safety features such as parking assistance systems.
Small & medium trucks are expected to witness significant growth during the forecast period owing to increasing industrialization levels in developing countries such as India China Brazil Argentina etc., coupled with rising disposable income levels among consumers there has been a rise in demand for these types of trucks especially within cities where they can be used indoor areas like warehouse complexes car parks etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased demand for commercial vehicles. Furthermore, rising disposable income of consumers and improved standard of living have contributed to the growth of automotive industry in developing countries such as China and India. These factors are projected to boost regional product demand over the forecast period.
North America accounted for a significant share owing to growing emphasis on safety standards by regulatory bodies such as National Highway Traffic Safety Administration (NHTSA), Department Of Transportation (DOT). Moreover, presence of key manufacturers with extensive distribution networks will help trucks gain traction among customers across U.S., Canada & Mexico throughout the forecast period.
Growth Factors:
- Increasing demand for industrial forklift trucks from the logistics and warehousing sector on account of growth in e-commerce industry.
- Rising demand for electric forklift trucks from small and medium enterprises due to growing concerns about environment pollution and energy conservation.
- Proliferation of automated material handling systems in factories, which is leading to an increase in the demand for industrial forklift trucks.
- Growing adoption of warehouse management systems (WMS) that help optimize the use of space, which is resulting in an increase in the demand for high-capacity forklifts trucks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Fork Lift Trucks Market Research Report
By Type
Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Intelligent Park Assist (IPA), Lane Assist (LA), Traffic Jam Assist (TJA), Highway Pilot (HP)
By Application
Small And Medium Truck, Large Truck
By Companies
Bosch, Continental, Denso, Aptiv, ZF, Nvidia, Daimler, Volvo, Paccar, Waymo, Intel, Tomtom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Fork Lift Trucks Market Report Segments:
The global Industrial Fork Lift Trucks market is segmented on the basis of:
Types
Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Intelligent Park Assist (IPA), Lane Assist (LA), Traffic Jam Assist (TJA), Highway Pilot (HP)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small And Medium Truck, Large Truck
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Continental
- Denso
- Aptiv
- ZF
- Nvidia
- Daimler
- Volvo
- Paccar
- Waymo
- Intel
- Tomtom
Highlights of The Industrial Fork Lift Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Adaptive Cruise Control (ACC)
- Automatic Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Intelligent Park Assist (IPA)
- Lane Assist (LA)
- Traffic Jam Assist (TJA)
- Highway Pilot (HP)
- By Application:
- Small And Medium Truck
- Large Truck
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Fork Lift Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial forklift trucks are used in warehouses, factories, and other industrial settings to move large objects. They are typically much larger than traditional trucking trucks and have more powerful engines.
Some of the key players operating in the industrial fork lift trucks market are Bosch, Continental, Denso, Aptiv, ZF, Nvidia, Daimler, Volvo, Paccar, Waymo, Intel, Tomtom.
The industrial fork lift trucks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Fork Lift Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Fork Lift Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Fork Lift Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Fork Lift Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Fork Lift Trucks Market Size & Forecast, 2020-2028
4.5.1 Industrial Fork Lift Trucks Market Size and Y-o-Y Growth
4.5.2 Industrial Fork Lift Trucks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Adaptive Cruise Control (ACC)
5.2.2 Automatic Emergency Braking (AEB)
5.2.3 Blind Spot Detection (BSD)
5.2.4 Intelligent Park Assist (IPA)
5.2.5 Lane Assist (LA)
5.2.6 Traffic Jam Assist (TJA)
5.2.7 Highway Pilot (HP)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Small And Medium Truck
6.2.2 Large Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Fork Lift Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Fork Lift Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Adaptive Cruise Control (ACC)
9.6.2 Automatic Emergency Braking (AEB)
9.6.3 Blind Spot Detection (BSD)
9.6.4 Intelligent Park Assist (IPA)
9.6.5 Lane Assist (LA)
9.6.6 Traffic Jam Assist (TJA)
9.6.7 Highway Pilot (HP)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Small And Medium Truck
9.10.2 Large Truck
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Adaptive Cruise Control (ACC)
10.6.2 Automatic Emergency Braking (AEB)
10.6.3 Blind Spot Detection (BSD)
10.6.4 Intelligent Park Assist (IPA)
10.6.5 Lane Assist (LA)
10.6.6 Traffic Jam Assist (TJA)
10.6.7 Highway Pilot (HP)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Small And Medium Truck
10.10.2 Large Truck
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Adaptive Cruise Control (ACC)
11.6.2 Automatic Emergency Braking (AEB)
11.6.3 Blind Spot Detection (BSD)
11.6.4 Intelligent Park Assist (IPA)
11.6.5 Lane Assist (LA)
11.6.6 Traffic Jam Assist (TJA)
11.6.7 Highway Pilot (HP)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Small And Medium Truck
11.10.2 Large Truck
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Adaptive Cruise Control (ACC)
12.6.2 Automatic Emergency Braking (AEB)
12.6.3 Blind Spot Detection (BSD)
12.6.4 Intelligent Park Assist (IPA)
12.6.5 Lane Assist (LA)
12.6.6 Traffic Jam Assist (TJA)
12.6.7 Highway Pilot (HP)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Small And Medium Truck
12.10.2 Large Truck
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Adaptive Cruise Control (ACC)
13.6.2 Automatic Emergency Braking (AEB)
13.6.3 Blind Spot Detection (BSD)
13.6.4 Intelligent Park Assist (IPA)
13.6.5 Lane Assist (LA)
13.6.6 Traffic Jam Assist (TJA)
13.6.7 Highway Pilot (HP)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Small And Medium Truck
13.10.2 Large Truck
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Fork Lift Trucks Market: Competitive Dashboard
14.2 Global Industrial Fork Lift Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental
14.3.3 Denso
14.3.4 Aptiv
14.3.5 ZF
14.3.6 Nvidia
14.3.7 Daimler
14.3.8 Volvo
14.3.9 Paccar
14.3.10 Waymo
14.3.11 Intel
14.3.12 Tomtom
