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The Market for Forklift Trucks in Latin America has Been Projected to Grow in Revenue Terms, at a CAGR of 1.61% During the Forecast Years 2019-2027 - ResearchAndMarkets.com

December 20, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 20, 2019--

The “Latin America Forklift Truck Market 2019-2027” report has been added to ResearchAndMarkets.com’s offering.


The market for forklift trucks in Latin America has been projected to grow in revenue terms, at a CAGR of 1.61% during the forecast years between 2019 and 2027. Brazil, Mexico, and Rest of Latin America together constitute the forklift truck market in the Latin America region.

The increase in trade at seaports in the region is fueling the growth of the forklift truck market in Latin America. At seaports, forklift trucks are used for loading & unloading purposes and material handling processes. The rising cargo traffic at the ports, thereby, raises the demand for forklift trucks.

Argentina, which is a part of Rest of Latin America, has a significantly large number of internet users, which has fueled the growth of the e-commerce sector in the country. Moreover, several e-commerce giants are looking to expand their business in the country. For instance, Paypal announced it would be investing $750 million in the Argentian e-commerce company, MercadoLibre to further expand its platform and improve its logistical infrastructure. Also, MercadoLibre has planned to establish a new distribution facility in Argentina to increase its logistical capacity, which would lead to an increased demand for forklift trucks. The growth of the e-commerce sector in Argentina is thereby boosting the growth of the forklift market in Rest of Latin America region.

Key Topics Covered:

1. Latin America Forklift Truck Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Evolution & Transition Of Forklift Trucks

2.3. Porter’S Five Forces Analysis

2.3.1. Threat Of New Entrants

2.3.2. Threat Of Substitute

2.3.3. Bargaining Power Of Suppliers

2.3.4. Bargaining Power Of Buyers

2.3.5. Threat Of Competitive Rivalry

2.4. Key Impact Analysis

2.4.1. Cost

2.4.2. Type Of Engine

2.4.3. Payload Capacities

2.4.4. Lift Height

2.5. Market Attractiveness Index

2.6. Vendor Scorecard

2.7. Regulatory Framework

2.8. Market Drivers

2.8.1. Increasing Growth Of The Manufacturing Industry

2.8.2. Rise In E-Commerce Business

2.8.3. Warehouse Expansions

2.9. Market Restraints

2.9.1. Limited Number Of Raw Material Suppliers

2.10. Market Opportunities

2.10.1. Technological Advancements In Forklift Trucks

2.10.2. Adoption Of Environment-Friendly Logistics

2.10.3. Counterbalance Forklift To Hold The Largest Share In The Product Type Segment

2.11. Market Challenges

2.11.1. Government Rules & Regulations

3. Latin America Forklift Truck Market Outlook - By Product Type

3.1. Warehouse Forklift

3.2. Counterbalance Forklift

4. Latin America Forklift Truck Market Outlook - By Power Source

4.1. Internal Combustion Engine

4.2. Electric Motor

5. Latin America Forklift Truck Market Outlook - By Class

5.1. Class 1

5.2. Class 2

5.3. Class 3

5.4. Class 4

5.5. Class 5

6. Latin America Forklift Truck Market Outlook - By End-User

6.1. Retail & Wholesale

6.2. Logistics

6.3. Automotive

6.4. Food Industry

6.5. Others

7. Latin America Forklift Truck Market - Regional Outlook

7.1. Brazil

7.2. Mexico

7.3. Rest Of Latin America

8. Competitive Landscape

8.1. Hangcha Group Co., Ltd.

8.2. Kion Group Ag

8.3. Anhui Heli Co., Ltd.

8.4. Clark Material Handling Company

8.5. Crown Equipment Corporation

8.6. Toyota Industries Corporation

8.7. Mitsubishi Logisnext Co., Ltd.

8.8. Jungheinrich Ag

8.9. Ep Equipment Co., Ltd.

8.10. Hyster-Yale Materials Handling, Inc.

8.11. Hyundai Heavy Industries Co., Ltd.

8.12. Komatsu Ltd.

8.13. Lonking Holdings Limited

8.14. Godrej & Boyce Manufacturing Company Limited

8.15. Doosan Corporation Industrial Vehicle

9. Methodology & Scope

9.1. Research Scope & Deliverables

9.2. Sources Of Data

9.3. Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/z81cwa

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SOURCE: Research and Markets

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