U.S. High Capacity Forklift Truck Market - Industry Trends and Forecast to 2029

TABLE OF CONTENTS

1 INTRODUCTION 10

• 1.1 OBJECTIVES OF THE STUDY 10
• 1.2 MARKET DEFINITION 10
• 1.3 OVERVIEW OF U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET 10
• 1.4 CURRENCY AND PRICING 11
• 1.5 LIMITATIONS 11
• 1.6 MARKETS COVERED 11

2 MARKET SEGMENTATION 13

• 2.1 MARKETS COVERED 13
• 2.2 YEARS CONSIDERED FOR THE STUDY 14
• 2.3 GEOGRAPHIC SCOPE 14
• 2.4 DBMR TRIPOD DATA VALIDATION MODEL 15
• 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 18
• 2.6 DBMR MARKET POSITION GRID 19
• 2.7 MARKET END-USER COVERAGE GRID 20
• 2.8 MULTIVARIATE MODELLING 21
• 2.9 PRODUCT TYPE CURVE 21
• 2.10 CHALLENGE MATRIX 22
• 2.11 SECONDARY SOURCES 23
• 2.12 ASSUMPTIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 26

• 4.1 PORTERS ANALYSIS 27
• 4.2 LIST OF END USER COMPANIES (DOCKYARDS, PORTS, AND RECYCLING) 28
• 4.3 U.S. SAFETY DEPARTMENT CONTACT LIST 30
• 4.4 OSHA FORKLIFT RULES AND REGULATIONS 51
• 4.5 TECHNOLOGICAL TRENDS 72

5 MARKET OVERVIEW 74

• 5.1 DRIVERS 76
  • 5.1.1 RAPID EXPANSION OF CONSTRUCTION COMPANIES 76
  • 5.1.2 GROWING DEMAND FOR FORKLIFT TRUCKS IN THE MANUFACTURING SECTOR 76
  • 5.1.3 EMERGENCE AND ACCEPTANCE OF ELECTRIC-POWERED FORKLIFT TRUCKS 77
• 5.2 RESTRAINTS 77
  • 5.2.1 HIGH COST ASSOCIATED WITH HEAVY FORKLIFT TRUCKS 77
  • 5.2.2 HIGH MAINTENANCE COST FOR MULTIPLE FLEET OWNERS 78
• 5.3 OPPORTUNITIES 79
  • 5.3.1 GROWING DEMAND FOR FORKLIFT TRUCKS IN WAREHOUSE MANAGEMENT 79
  • 5.3.2 INCREASING FUNCTIONALITY OF HEAVY FORKLIFT TRUCKS 80
  • 5.3.3 INCREASING PARTNERSHIP AND ACQUISITION AMONG MARKET PLAYERS 80
• 5.4 CHALLENGES 81
  • 5.4.1 MODERN FORKLIFT TRUCKS ARE UNSUITABLE FOR THE INDUSTRY ENVIRONMENT 81
  • 5.4.2 LACK OF INFRASTRUCTURE FOR ELECTRIC FORKLIFT TRUCKS 82

6 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET, BY END USER 83

• 6.1 OVERVIEW 84
• 6.2 CONSTRUCTION 86
  • 6.2.1 INTERNAL COMBUSTION ENGINE POWERED 86
    • 6.2.1.1 DIESEL 87
    • 6.2.1.2 LPG/GASOLINE 87
  • 6.2.2 ELECTRIC POWERED 87
• 6.3 FREIGHT & LOGISTICS 87
  • 6.3.1 INTERNAL COMBUSTION ENGINE POWERED 88
    • 6.3.1.1 DIESEL 88
    • 6.3.1.2 LPG/GASOLINE 88
  • 6.3.2 ELECTRIC POWERED 89
• 6.4 MANUFACTURING 89
  • 6.4.1 INTERNAL COMBUSTION ENGINE POWERED 89
    • 6.4.1.1 DIESEL 90
    • 6.4.1.2 LPG/GASOLINE 90
  • 6.4.2 ELECTRIC POWERED 90
• 6.5 NATURAL RESOURCES 90
  • 6.5.1 INTERNAL COMBUSTION ENGINE POWERED 91
    • 6.5.1.1 DIESEL 91
    • 6.5.1.2 LPG/GASOLINE 91
  • 6.5.2 ELECTRIC POWERED 92
• 6.6 WAREHOUSE & FACTORY 92
  • 6.6.1 INTERNAL COMBUSTION ENGINE POWERED 92
    • 6.6.1.1 DIESEL 93
    • 6.6.1.2 LPG/GASOLINE 93
  • 6.6.2 ELECTRIC POWERED 93
• 6.7 MINING 93
  • 6.7.1 INTERNAL COMBUSTION ENGINE POWERED 94
    • 6.7.1.1 DIESEL 94
    • 6.7.1.2 LPG/GASOLINE 94
  • 6.7.2 ELECTRIC POWERED 94
• 6.8 FOOD & BEVERAGES 94
  • 6.8.1 INTERNAL COMBUSTION ENGINE POWERED 95
    • 6.8.1.1 DIESEL 96
    • 6.8.1.2 LPG/GASOLINE 96
  • 6.8.2 ELECTRIC POWERED 96
• 6.9 RETAIL & WHOLESALE 96
  • 6.9.1 INTERNAL COMBUSTION ENGINE POWERED 96
    • 6.9.1.1 DIESEL 97
    • 6.9.1.2 LPG/GASOLINE 97
  • 6.9.2 ELECTRIC POWERED 97
• 6.10 OTHERS 97

7 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET, COMPANY LANDSCAPE 98

• 7.1 COMPANY SHARE ANALYSIS: U.S. 98

8 SWOT ANALYSIS 99

9 COMPANY PROFILE 100

• 9.1 HYSTER-YALE MATERIALS HANDLING, INC. 100
  • 9.1.1 COMPANY SNAPSHOT 100
  • 9.1.2 REVENUE ANALYSIS 100
  • 9.1.3 BRAND PORTFOLIO 101
  • 9.1.4 RECENT DEVELOPMENTS 101
• 9.2 TOYOTA MATERIAL HANDLING (A SUBSIDIARY OF TOYOTA MOTOR CORPORATION) 102
  • 9.2.1 COMPANY SNAPSHOT 102
  • 9.2.2 REVENUE ANALYSIS 102
  • 9.2.3 PRODUCT PORTFOLIO 103
  • 9.2.4 RECENT DEVELOPMENTS 103
• 9.3 TAYLOR MACHINE WORKS, INC 104
  • 9.3.1 COMPANY SNAPSHOT 104
  • 9.3.2 PRODUCT PORTFOLIO 104
  • 9.3.3 RECENT DEVELOPMENTS 105
• 9.4 MANITOU GROUP 106
  • 9.4.1 COMPANY SNAPSHOT 106
  • 9.4.2 REVENUE ANALYSIS 106
  • 9.4.3 PRODUCT PORTFOLIO 107
  • 9.4.4 RECENT DEVELOPMENT 107
• 9.5 ANHUI HELI CO. 108
  • 9.5.1 COMPANY SNAPSHOT 108
  • 9.5.2 PRODUCT PORTFOLIO 108
  • 9.5.3 RECENT DEVELOPMENT 108
• 9.6 BPR-RICO EQUIPMENT, INC. 109
  • 9.6.1 COMPANY SNAPSHOT 109
  • 9.6.2 PRODUCT PORTFOLIO 109
  • 9.6.3 RECENT DEVELOPMENT 109
• 9.7 HUBTEX MASCHINENBAU & CO. KG 110
  • 9.7.1 COMPANY SNAPSHOT 110
  • 9.7.2 PRODUCT PORTFOLIO 110
  • 9.7.3 RECENT DEVELOPMENTS 110
• 9.8 SANY AMERICA 111
  • 9.8.1 COMPANY SNAPSHOT 111
  • 9.8.2 PRODUCT PORTFOLIO 111
  • 9.8.3 RECENT DEVELOPMENTS 111

10 QUESTIONNAIRE 113

11 RELATED REPORTS 115

LIST OF FIGURES

• FIGURE 1 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: SEGMENTATION 13
• FIGURE 2 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: DATA TRIANGULATION 15
• FIGURE 3 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: DROC ANALYSIS 16
• FIGURE 4 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS 17
• FIGURE 5 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: COMPANY RESEARCH ANALYSIS 17
• FIGURE 6 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: INTERVIEW DEMOGRAPHICS 18
• FIGURE 7 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: DBMR MARKET POSITION GRID 19
• FIGURE 8 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: MARKET END-USER COVERAGE GRID 20
• FIGURE 9 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: SEGMENTATION 25
• FIGURE 10 RAPID INDUSTRIALIZATION/EXPANSION OF CONSTRUCTION COMPANIES IS THE MAJOR FACTOR BOOSTING THE GROWTH TO BE A KEY DRIVER FOR U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET IN THE FORECAST PERIOD 26
• FIGURE 11 CONSTRUCTION SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET FROM 2022 TO 2029 26
• FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET 75
• FIGURE 13 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: BY END USER, 2021 84
• FIGURE 14 U.S. HIGH CAPACITY FORKLIFT TRUCK MARKET: COMPANY SHARE 2021 (%) 98