Forklifts are typically designed to be compact, allowing for operation in tight spaces, with high flexibility and efficiency in material handling. There are various types of forklifts, mainly including internal combustion forklifts, electric forklifts, and warehouse forklifts. Internal combustion forklifts are suitable for outdoor operations and are known for their powerful performance. Electric forklifts, characterized by zero emissions and low noise, are ideal for indoor environments. Warehouse forklifts are mainly used in high-density storage environments, such as stackers and order pickers.
Forklifts can lift, transport, and stack various goods and materials, significantly improving handling efficiency and reducing labor intensity. The primary downstream industries that use forklifts include logistics and warehousing, manufacturing, construction, and ports. In logistics and warehousing, forklifts are used for transporting and stacking goods. In manufacturing, they are employed for material handling and production line support. In construction, forklifts are used to transport building materials, and at ports, they are utilized for loading and unloading containers and bulk cargo.
According to the publisher, major global forklift exporters include Toyota Industries from Japan, Mitsubishi Heavy Industries, Komatsu, as well as KION Group and Linde Material Handling from Germany.
As a key tool in logistics and warehousing, forklifts play a crucial role in material handling during industrial production, warehousing operations at large logistics centers, and the loading and unloading of goods at ports and airports. According to the publisher, in Mexico, the forklift market has been growing due to the continued expansion of the manufacturing sector and export-oriented economy. Forklifts are especially in demand in the automotive manufacturing, electronics, consumer goods, and agricultural processing industries, where they are used for material handling on production lines and logistics of finished products. Additionally, Mexico's status as a member of the North American Free Trade Area has driven the growth of its forklift market, with the modernization of warehousing and distribution centers in the country.
As Mexico's industrialization and modernization accelerate, the forklift market in the country is expected to continue growing. The publisher data shows that the import value of forklifts in Mexico reached approximately USD 400 million in 2023, and from January to September 2024, the import value of forklifts was already USD 450 million, marking a 50% increase from the same period in 2023. The market is expected to maintain growth in the coming years.
The publisher's analysis indicates that the main sources of forklift imports to Mexico from 2021 to 2024 include countries such as China, Japan, and Italy. Leading companies exporting forklifts to Mexico include TOYOTA TSUSHO CORPORATION, JLG INDUSTRIES, INC, and MA TE CO.
The primary importers of forklifts in Mexico are companies from industries such as construction, warehousing, and logistics. According to the publisher, notable importers include BRIGGS EQUIPMENT S.A. DE C.V., TOYOTA TSUSHO CORPORATION DE MEXICO, S.A. DE C.V., and TRACSA S.A.P.I. DE C.V.
Overall, as Mexico's population grows and industrial development and urbanization continue, the forklift market in the country is set to expand. The publisher anticipates that, due to limited domestic forklift production capacity, imports of forklifts in Mexico will continue to rise in the coming years, playing a key role in stabilizing and driving growth in Mexico's industrial sector. The publisher suggests that overseas forklift manufacturers explore the Mexican forklift industry and, if necessary, consider establishing manufacturing plants in Mexico to capitalize on the opportunities in the Mexican forklift market.
Topics covered:
- The Import and Export of Forklift in Mexico (2021-2024)
- Total Import Volume and Percentage Change of Forklift in Mexico (2021-2024)
- Total Import Value and Percentage Change of Forklift in Mexico (2021-2024)
- Total Import Volume and Percentage Change of Forklift in Mexico (2024)
- Total Import Value and Percentage Change of Forklift in Mexico (2024)
- Average Import Price of Forklift in Mexico (2021-2024)
- Top 10 Sources of Forklift Imports in Mexico and Their Supply Volume
- Top 10 Suppliers in the Import Market of Forklift in Mexico and Their Supply Volume
- Top 10 Importers of Forklift in Mexico and Their Import Volume
- How to Find Distributors and End Users of Forklift in Mexico
- How Foreign Enterprises Enter the Forklift Market of Mexico
- Forecast for the Import of Forklift in Mexico (2024-2033)
Table of Contents
Companies Mentioned
- TOYOTA TSUSHO CORPORATION
- JLG INDUSTRIES INC
- MA TE CO.
- BRIGGS EQUIPMENT S.A. DE C.V.
- TOYOTA TSUSHO CORPORATION DE MEXICO
- S.A. DE C.V.
- TRACSA S.A.P.I. DE C.V.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | December 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 0.6 Billion |
| Forecasted Market Value ( USD | $ 1.21 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Mexico |
| No. of Companies Mentioned | 7 |
