Global Trucks and Lifts market is projected to grow at a CAGR of 2.46% during the forecast period, reaching a total market size of US$79.044 billion in 2024 from US$68.315 billion in 2018. Growth in the global construction industry along with infrastructural development, particularly in developing economies, is augmenting the demand for trucks and lifts material handling machines and equipment so as to help workers to deliver heavy materials from one place to another and to move the material around tight corners. These material handling trucks allow one worker to do all the work, thereby reducing the need for human labor in the hazardous working environment.
Furthermore, rising concerns about workers’ safety and stringent government regulations for the same are also forcing manufacturers to use various material handling equipment. The rising construction of big warehouses will propel the growth of lifts during the forecast period as these types of material handling equipment like scissor/aerial lift can make assembly and installation tasks easier in warehouses with tall heights. Moreover, the demand for pallet trucks will also escalate with the growing need for providing heavy cargo on precise schedules in the manufacturing units.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Trucks and Lifts value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the Global Trucks and Lifts market.
Major industry players profiled as part of the report are JLG Industries, Daimler Group, BEUMER GROUP, MAN, Linde Material Handling, and Toyota Material Handling U.S.A. among others.
|Market size value in 2018||US$68.315 billion|
|Market size value in 2024||US$79.044 billion|
|Growth Rate||CAGR of 2.46% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||JLG Industries, Daimler Group, Volvo Group, Snorkel, Altec Industries, BEUMER GROUP, HYSTER, bulmor industries GmbH, MAN, Linde Material Handling, Toyota Material Handling U.S.A|
|Customization scope||Free report customization with purchase|
The Global Trucks and Lifts market has been analyzed through the following segments:
Hand Pallet Truck
Powered Pallet Truck
By Industry Vertical
Food and Beverage
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the trucks and lifts market?
A1. The trucks and lifts market is projected to grow at a CAGR of 2.46% during the forecast period.
Q2. Who are the major players in the global trucks and lifts market?
A2. Major industry players profiled as part of the trucks and lifts market report are JLG Industries, Daimler Group, BEUMER GROUP, MAN, Linde Material Handling, and Toyota Material Handling U.S.A. among others.
Q3. What will be the trucks and lifts market size by 2024?
A3. The global trucks and lifts market is projected to reach a total market size of US$79.044 billion by 2024.
Q4. What is the size of the global trucks and lifts market?
A4. Trucks and Lifts market was valued at US$68.315 billion in 2018.
Q5. What factors are anticipated to drive the trucks and lifts market growth?
A5. Growth in the global construction industry along with infrastructural development, particularly in developing economies, is augmenting the demand for trucks and lifts material handling machines, and equipment.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL TRUCKS AND LIFTS MARKET BY TYPE
5.1.1. Hand Pallet Truck
5.2.2. Powered Pallet Truck
5.3.3. Sideloader Truck
5.4.4. Platform Trucks
5.2.1. Boom Lift
5.2.2. Scissor Lift
5.2.3. Cherry Picker
5.2.4. Spider Lift
6. GLOBAL TRUCKS AND LIFTS MARKET BY INDUSTRY VERTICAL
6.5. Food and Beverage
7. GLOBAL TRUCKS AND LIFTS MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. JLG Industries
9.2. Daimler Group
9.3. Volvo Group
9.5. Altec Industries
9.6. BEUMER GROUP
9.8. bulmor industries GmbH
9.10. Linde Material Handling
9.11. Toyota Material Handling U.S.A
LIST OF FIGURES
LIST OF TABLES
bulmor industries GmbH
Linde Material Handling
Toyota Material Handling U.S.A
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