About Diesel Forklifts
A forklift also called forklift truck is a powered industrial truck used to lift and move materials over short distances. Forklifts are now designed to be more reliable, efficient and service friendly.The demand for these vehicles are increasing due to increasing use of theses forklifts by the material handling departments and warehouses.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Chienese Manufacturers will contribute the maximum growth to Global Diesel Forklifts market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sany Group (China), Guangxi Liugong Machinery (China), Clark Material Handling (United States), Jungheinrich (Germany), Baumann (Uniked Kingdom), Hyundai Heavy Industries (South Korea), HYTSU Group (China), Hoist Liftruck (United States), Manitou (France), Linde Material Handling (Germany) and Maini Group (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Anhui Heli (China), Mitsubishi Forklift Trucks (United States), Komatsu Forklift (United States) and Palfinger (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Diesel Forklifts market by Type (Small-tonnage, Medium-tonnage and Large-tonnage), Application (Transportation, Factories and Others) and Region.
On the basis of geography, the market of Diesel Forklifts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. 1-2.5 ton will boost the Diesel Forklifts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Substitutes
Market Growth Drivers:
Growth in Industrialization Worldwide and Infrastructure Growth in Emerging Countries
Challenges:
Availability of Semi-Automatic and Automatic Systems
Restraints:
Rising Safety Issues Related to Forklifts
Opportunities:
Increasing Demand from Various Industries like Automobile, Logistics, Chemicals, Pharma, Demand for Forklifts from Rental Market and Increase in E-commerce and Warehouse Segment
Market Leaders and their expansionary development strategies
In November 2022, GNCO, Inc., has acquired Intermountain Lift Truck, effective November 1, 2022. This acquisition, Intermountain Lift Truck will utilize GNCO resources to enhance the business.
Yale and Maini Group unveiled a new diesel counterbalance forklift truck, which is introduced to meet the specific requirements of the market. These diesel trucks are available with efficient, quiet, clean running engine. The range consists of GDP20UX (2000 kg) and GDP30UX (3000 kg) with 3.1 L engine which is ideally suitable for all standard applications.
Key Target Audience
Manufacturers, Engine Manufacturers, Attachment Manufacturers and Battery Manufacturers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.