
Chile Forklifts Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Outrigger, Narrow-Aisle, and Counterbalance), Class (Class I, Class II, Class III, Class IV, Class V, Class VI,
Description
Chile Forklifts Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Outrigger, Narrow-Aisle, and Counterbalance), Class (Class I, Class II, Class III, Class IV, Class V, Class VI, and Class VII), Movement Type (Traditional and Omnidirectional), and End-Use Industry (Industrial, Food & Beverages, Transportation & Logistics, Retail & E-Commerce, Chemicals, Others)
The Chile forklifts market size is projected to reach US$ 1,711.91 million by 2031 from US$ 766.62 million in 2023. The market is expected to register a CAGR of 10.56% during 2023–2031. The growing adoption of electric and hybrid forklifts is likely to emerge as a key trend in the market during the forecast period.
The forklifts market in Chile is driven by increasing investment in the food industries in Chile, along with growing warehouse optimization, is driving this segmental growth. For instance, in August 2023, the International Finance Corporation (IFC) invested US$ 50 million in Chile-based food processing company Sugal Chile Limitada subsidiary of the Sugal Group. The company is the second largest exporter and producer of tomato pastes. Such, increasing investment in the food processing industry drives this segmental growth.
The Chile forklifts market ecosystem is a complex and interconnected network involving various stakeholders, regulations, and market dynamics.
Suppliers play a crucial role by providing necessary parts and components for the assembly of forklifts. This includes manufacturers of engines, batteries, transmissions, hydraulics, tires, and other essential components. Caterpillar, Inc.; Toyota Industries; Yanmar Europe B.V.; and Hyundai are a few of the component manufacturers and suppliers operating in the Chile forklifts market. The core entities within the ecosystem are the manufacturers of forklifts. The companies design, produce, and distribute a wide range of vehicles, including forklifts, construction equipment, and material handling machinery. EP Equipment; Toyota Industries Corporation; MITSUBISHI HEAVY INDUSTRIES, LTD.; Komatsu Limited; Konecranes; Anhui Heli Co., Ltd.; Hyster-Yale Materials Handling, Inc.; Jungheinrich AG; Crown Equipment Corporation; and Clark Material Handling Company are among the key players operating in the Chile forklifts market. Manufacturing, logistics, construction, agriculture, and mining industries are a few end users of forklifts.
Chile's economy primarily relies on export-oriented sectors such as mining, forestry, and agriculture. In 2023, the GDP witnessed a modest decline of 0.5% compared to 2022, attributed to weakened domestic demand and constrained credit conditions, as per the IMF data. However, Chile's economy is expected to rise in 2024 and 2025, with growth rates predicted at 1.6% and 2.3%, respectively. Chile has a progressive food processing industry that generates ~US$ 23.3 billion annually and is predicted to develop by ~35% by 2030. The country has been one of the developing economies across South America and has a dynamic food retail industry. Wine, dairy, fresh fruits, salmon, poultry, pork, and forestry products are the key products exported by Chile. In the country, mining is one of the major industries, contributing to a substantial share of the overall economy of Chile. The mining sector's contribution to the country's GDP was ~13.6% in 2022, and mining exports reached ~58% of total country exports. Chile is one of the leading copper producers globally, with ~24% of global copper production, according to the United States Geological Survey (USGS). The country is also one of the substantial producers of lithium, with ~30% share of global production. Thus, the growing mining activities are driving the growth of the Chile forklifts market.
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Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
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Table of Contents
93 Pages
- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. Chile Forklifts Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 Suppliers and Component Manufacturers
- 4.3.2 Manufacturers
- 4.3.3 End Users
- 4.3.4 List of Vendors in the Value Chain
- 5. Chile Forklifts Market – Key Market Dynamics
- 5.1 Chile Forklifts Market – Key Market Dynamics
- 5.2 Key Market Drivers:
- 5.2.1 Rising E-Commerce Business Activities
- 5.2.2 Rising Demand from Growing Food Industry
- 5.3 Key Market Restraints:
- 5.3.1 Growing Adoption of Industrial Robotics and Automation
- 5.4 Key Market Opportunities:
- 5.4.1 Positive Outlook of Mining Sector
- 5.5 Future Trends:
- 5.5.1 Growing Adoption of Electric and Hybrid Forklifts
- 5.6 Impact of Drivers and Restraints
- 6. Chile Forklifts Market Analysis
- 6.1 Chile Forklifts Market Revenue (US$ Million), 2023 – 2031
- 6.2 Chile Forklifts Market Revenue (US$ Million), 2021–2031
- 6.3 Chile Forklifts Market Forecast and Analysis
- 7. Chile Forklifts Market Analysis – by Product Type
- 7.1 Outrigger
- 7.1.1 Overview
- 7.1.2 Outrigger: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 7.2 Narrow-Aisle
- 7.2.1 Overview
- 7.2.2 Narrow-Aisle: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 7.3 Counterbalance
- 7.3.1 Overview
- 7.3.2 Counterbalance: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 8. Chile Forklifts Market Analysis – by Class
- 8.1 Class I
- 8.1.1 Overview
- 8.1.2 Class I: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 8.2 Class II
- 8.2.1 Overview
- 8.2.2 Class II: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 8.3 Class III
- 8.3.1 Overview
- 8.3.2 Class III: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 8.4 Class IV
- 8.4.1 Overview
- 8.4.2 Class IV: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 8.5 Class V
- 8.5.1 Overview
- 8.5.2 Class V: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 8.6 Class VI
- 8.6.1 Overview
- 8.6.2 Class VI: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 8.7 Class VII
- 8.7.1 Overview
- 8.7.2 Class VII: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 9. Chile Forklifts Market Analysis – by Movement Type
- 9.1 Traditional
- 9.1.1 Overview
- 9.1.2 Traditional: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2 Omnidirectional
- 9.2.1 Overview
- 9.2.2 Omnidirectional: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 10. Chile Forklifts Market Analysis – by End-use Industry
- 10.1 Industrial
- 10.1.1 Overview
- 10.1.2 Industrial: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 10.2 Food and Beverages
- 10.2.1 Overview
- 10.2.2 Food and Beverages: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 10.3 Transportation and Logistics
- 10.3.1 Overview
- 10.3.2 Transportation and Logistics: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 10.4 Retail and E-Commerce
- 10.4.1 Overview
- 10.4.2 Retail and E-Commerce: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 10.5 Chemicals
- 10.5.1 Overview
- 10.5.2 Chemicals: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 10.6 Others
- 10.6.1 Overview
- 10.6.2 Others: Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Product Development
- 12. Company Profiles
- 12.1 Hyster-Yale Materials Handling Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 CLARK Material Handling Co
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Konecranes Plc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Toyota Material Handling Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Caterpillar Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 J C Bamford Excavators Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Crown Equipment Corp
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Komatsu Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 EP Equipment
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 SINOWAY INDUSTRIAL (SHANGHAI) CO.,LTD.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- LIST OF TABLES
- Table 1. Chile Forklifts Market Segmentation
- Table 2. List of Vendors
- Table 3. Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million)
- Table 4. Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million) – by Product Type
- Table 5. Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million) – by Class
- Table 6. Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million) – by Movement Type
- Table 7. Chile Forklifts Market – Revenue and Forecast to 2031 (US$ Million) – by End-use Industry
- LIST OF FIGURES
- Figure 1. Chile Forklifts Market Segmentation, by Country
- Figure 2. Chile Forklifts Market - PEST Analysis
- Figure 3. Impact Analysis of Drivers and Restraints
- Figure 4. Chile Forklifts Market Revenue (US$ Million), 2021–2031
- Figure 5. Chile Forklifts Market Share (%) – by Product Type, 2023 and 2031
- Figure 6. Outrigger: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 7. Narrow-Aisle: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 8. Counterbalance: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 9. Chile Forklifts Market Share (%) – by Class, 2023 and 2031
- Figure 10. Class I: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 11. Class II: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 12. Class III: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 13. Class IV: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 14. Class V: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 15. Class VI: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 16. Class VII: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 17. Chile Forklifts Market Share (%) – by Movement Type, 2023 and 2031
- Figure 18. Traditional: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 19. Omnidirectional: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 20. Chile Forklifts Market Share (%) – by End-use Industry, 2023 and 2031
- Figure 21. Industrial: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 22. Food and Beverages: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 23. Transportation and Logistics: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 24. Retail and E-Commerce: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 25. Chemicals: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
- Figure 26. Others: Chile Forklifts Market– Revenue and Forecast to 2031 (US$ Million)
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