Market Overview:
The global rough terrain forklift 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 rough terrain forklifts in construction and military applications. Additionally, the growing demand for electric-powered forklifts is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type, 2WD segment is expected to hold major share in global rough terrain forklift market during forecast period owing its low cost and easy maneuverability across rugged terrains as compared 4WD segment which requires more power.
Product Definition:
A rough terrain forklift is a type of forklift that is specifically designed for use in difficult or uneven terrain. These forklifts are typically equipped with larger tires and a more robust suspension system than traditional forklifts, which allows them to handle rougher terrain more easily. Rough terrain forklifts are often used in construction and agricultural settings where uneven ground or difficult surfaces would otherwise make it difficult to move materials around.
2WD:
2 Wheel Drive (2WD) is a form of drivetrain that uses all four wheels to propel the vehicle. It can be described as a system that enables low-speed forward motion with the help of a differential gear and limited-slip/lockable front differential. 2WD vehicles have two sets of tires, which provide better stability while driving on uneven surfaces compared to 4WD vehicles.
4WD:
4WD (Four-wheel Drive) is a form of drivetrain that uses all four wheels to transmit power to the drivetrain. In case of an automobile, it can be referred to as All Wheel Drive (AWD). It helps in gaining better traction and control over the vehicle especially on loose soil or gravel roads. AWD vehicles are generally used for off-road conditions where low range ratio is required.
Rising demand for heavy load handling applications in both industrial.
Application Insights:
The construction application segment accounted for the largest share of over 30.0% in 2017. The growth can be attributed to the increasing demand for concrete and steel structures across various industries, including commercial, residential and civil infrastructure. In addition, growing urbanization in developing countries such as India and China is expected to drive the demand for construction equipment over the forecast period.
The military applications segment is projected to witness significant growth over the forecast period owing to rising defense expenditure by governments worldwide in order to enhance their capabilities against various threats including terrorism & insurgency along with natural disasters such as earthquakes & floods that may affect civilian population safety. Furthermore, increasing adoption of rough terrain vehicles (RTVs) by armed forces globally on account of its ability provide enhanced mobility on uneven ground surfaces will boost industry growth further during future years.
Regional Analysis:
Asia Pacific dominated the global rough terrain forklift market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 35% in 2017 owing to increasing construction activities, coupled with rapid urbanization and industrialization across emerging economies such as China, India, Indonesia, Vietnam among others. Moreover, rising military expenditure by countries such as China and India are anticipated to drive demand for RTLF trucks across Asia Pacific over the forecast period.
The North America regional market captured a significant revenue share in 2017 owing to increased spending on public works projects undertaken by local governments along with growing commercial construction sector mainly due to positive real estate trends across U.S., Canada & Mexico which is further anticipated fuel growth of RTLF trucks within this region over the next eight years.
Growth Factors:
- Increasing demand for Rough Terrain Forklift from the construction and manufacturing sectors due to growth in these industries.
- Rising demand for Rough Terrain Forklift in Asia Pacific region due to increasing industrialization and urbanization.
- Growing use of Rough Terrain Forklift in material handling applications across various end-use industries.
- Technological advancements leading to development of more efficient and advanced models of Rough Terrain Forklifts that are fuel-efficient and have low emissions levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rough Terrain Forklift Market Research Report
By Type
2WD, 4WD, Other
By Application
Construction, Military Applications, Others
By Companies
Liftking Manufacturing, Harlo Products Forklifts, J C Bamford Excavators Ltd, Vmax, CNH Industrial, CASE Construction Equipment, Liftking Manufacturing
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Rough Terrain Forklift Market Report Segments:
The global Rough Terrain Forklift market is segmented on the basis of:
Types
2WD, 4WD, Other
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
Construction, Military Applications, Others
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:
- Liftking Manufacturing
- Harlo Products Forklifts
- J C Bamford Excavators Ltd
- Vmax
- CNH Industrial
- CASE Construction Equipment
- Liftking Manufacturing
Highlights of The Rough Terrain Forklift 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:
- 2WD
- 4WD
- Other
- By Application:
- Construction
- Military Applications
- Others
- 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 Rough Terrain Forklift 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A Rough Terrain Forklift is a forklift designed for use on rough terrain. These forklifts are often equipped with special tires and suspension systems to help them navigate difficult surfaces.
Some of the major companies in the rough terrain forklift market are Liftking Manufacturing, Harlo Products Forklifts, J C Bamford Excavators Ltd, Vmax, CNH Industrial, CASE Construction Equipment, Liftking Manufacturing.
The rough terrain forklift 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 Rough Terrain Forklift 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 Rough Terrain Forklift Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rough Terrain Forklift 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 Rough Terrain Forklift 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 Rough Terrain Forklift Market Size & Forecast, 2018-2028 4.5.1 Rough Terrain Forklift Market Size and Y-o-Y Growth 4.5.2 Rough Terrain Forklift Market Absolute $ Opportunity
Chapter 5 Global Rough Terrain Forklift 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 Rough Terrain Forklift Market Size Forecast by Type
5.2.1 2WD
5.2.2 4WD
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rough Terrain Forklift 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 Rough Terrain Forklift Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Military Applications
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rough Terrain Forklift 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 Rough Terrain Forklift 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 Rough Terrain Forklift Analysis and Forecast
9.1 Introduction
9.2 North America Rough Terrain Forklift 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 Rough Terrain Forklift Market Size Forecast by Type
9.6.1 2WD
9.6.2 4WD
9.6.3 Other
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 Rough Terrain Forklift Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Military Applications
9.10.3 Others
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 Rough Terrain Forklift Analysis and Forecast
10.1 Introduction
10.2 Europe Rough Terrain Forklift 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 Rough Terrain Forklift Market Size Forecast by Type
10.6.1 2WD
10.6.2 4WD
10.6.3 Other
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 Rough Terrain Forklift Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Military Applications
10.10.3 Others
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 Rough Terrain Forklift Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rough Terrain Forklift 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 Rough Terrain Forklift Market Size Forecast by Type
11.6.1 2WD
11.6.2 4WD
11.6.3 Other
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 Rough Terrain Forklift Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Military Applications
11.10.3 Others
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 Rough Terrain Forklift Analysis and Forecast
12.1 Introduction
12.2 Latin America Rough Terrain Forklift 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 Rough Terrain Forklift Market Size Forecast by Type
12.6.1 2WD
12.6.2 4WD
12.6.3 Other
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 Rough Terrain Forklift Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Military Applications
12.10.3 Others
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) Rough Terrain Forklift Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rough Terrain Forklift 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) Rough Terrain Forklift Market Size Forecast by Type
13.6.1 2WD
13.6.2 4WD
13.6.3 Other
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) Rough Terrain Forklift Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Military Applications
13.10.3 Others
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 Rough Terrain Forklift Market: Competitive Dashboard
14.2 Global Rough Terrain Forklift Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Liftking Manufacturing
14.3.2 Harlo Products Forklifts
14.3.3 J C Bamford Excavators Ltd
14.3.4 Vmax
14.3.5 CNH Industrial
14.3.6 CASE Construction Equipment
14.3.7 Liftking Manufacturing