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Rough Terrain Lift Truck (RTLT) Market size to grow by 18,937 units | 49% growth to originate in APAC | Technavio

NEW YORK, May 24, 2022 /PRNewswire/ -- The global rough terrain lift truck (RTLT) market size is expected to increase by 18937.36 units between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 8.57% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. According to the report, the market will observe maximum growth in APAC. The growth of the population in emerging economies in the region is generating significant demand for new residential and commercial spaces, which is driving the demand for rough terrain lift trucks in the region.

Technavio has announced its latest market research report titled Rough Terrain Lift Truck (RTLT) Market by Product and Geography - Forecast and Analysis 2022-2026

View Our Sample Report to know more about the report coverage and growth opportunities across regions.

The increased government spending on infrastructure will be the key factor driving the growth of the market. Emerging smart cities and the rising demand for housing projects will further propel the growth of the market during the forecast period. However, factors such as increasing equipment rental, shortage of skilled operators, and rising stringent emission regulations on construction machinery will hamper the market growth.

Rough Terrain Lift Truck (RTLT) Market: Product Landscape

  • Based on the product, the market is analyzed across telescopic RTLT and masted RTLT segments.
  • The Telescopic RTLT segment generated the maximum revenue in the market in 2021.
  • Telescopic RTLTs are fitted with pallet forks, buckets, and other attachments to handle materials.
  • They can lift materials for heights up to 50 feet and are ideal for use in confined spaces.
  • Many such benefits are increasing the use of telescopic RTLTs in the construction industry.
  • The market growth in the segment will be significant over the forecast period.

Rough Terrain Lift Truck (RTLT) Market: Geographic Landscape

  • By geography, APAC is going to have a lucrative growth during the forecast period.
  • About 49% of the market's overall growth is expected to originate from APAC.
  • The expanding urban population in countries such as China and India is attracting significant investments in both residential and commercial spaces.
  • Also, governments in developing countries in the region are reducing interest rates to boost the growth of the construction sector.
  • Moreover, the increasing number of smart city projects is creating significant opportunities for market players operating in the region.

Identify other potential growth segments and regions in the global rough terrain lift truck market. Download a Report Sample

Companies Covered:

The global rough terrain lift trucks market is fragmented. Vendors operating in the market are focusing on manufacturing equipment that suits the local environmental conditions of the customer. In addition, several RTLT manufacturers are funding rental companies and forming partnerships. This is enabling them to have a broader reach of customers and strengthen their customer relationships.

Technavio identifies the following as the key players in the global rough terrain lift trucks market.

  • A LIFT INDUSTRIAL LTD.
  • AUSA CENTER SLU
  • CASE Construction
  • Crown Equipment Corp.
  • Harlo Products Inc.
  • Hyster Yale Materials Handling Inc.
  • J C Bamford Excavators Ltd.
  • Liftking Manufacturing Corp.
  • Vmax International Group Shanghai Co. Ltd.
  • Wolter Group LLC

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2021, 2022, until 2026
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

View Our Report Sample for more highlights on the vendor landscape.

Related Reports:

  • Forklift Trucks Market by Class Type and Geography - Forecast and Analysis 2021-2025
  • Pallet Trucks Market by End-user and Geography - Forecast and Analysis 2022-2026

Rough Terrain Lift Truck (RTLT) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 8.57%

Market growth 2022-2026

18937.36 units

Market structure

Fragmented

YoY growth (%)

22.79

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 49%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A LIFT INDUSTRIAL LTD., AUSA CENTER SLU, CASE Construction, Crown Equipment Corp., Harlo Products Inc., Hyster Yale Materials Handling Inc., J C Bamford Excavators Ltd., Liftking Manufacturing Corp., Vmax International Group Shanghai Co. Ltd., and Wolter Group LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1. Executive Summary 

  1.1 Market Overview 

  Exhibit 01:  Key Finding 1

  Exhibit 02:  Key Finding 1

  Exhibit 03:  Key Finding 2

  Exhibit 04:  Key Finding 3

  Exhibit 05:  Key Finding 4

  Exhibit 06:  Key Finding 5

  Exhibit 07:  Key Finding 5

2. Market Landscape 

  2.1 Market ecosystem 

  Exhibit 08:  Parent market

  Exhibit 09:  Market characteristics

  2.2 Value chain analysis 

  Exhibit 10:  Value chain analysis: Construction machinery and heavy trucks

  2.2.1 Inputs

  2.2.2 Inbound logistics

  2.2.3 Operations

  2.2.4 Distribution and logistics

  2.2.5 Marketing and sales

  2.2.6 Aftermarket and service

  2.2.7 Industry innovations

3. Market Sizing 

  3.1 Market segment analysis 

  Exhibit 11:  Market segments

  3.2 Market size 2021 

  3.3 Market definition

  Exhibit 12:  Offerings of vendors included in the market definition

  3.4 Market outlook: Forecast for 2021 - 2026 

  Exhibit 13:  Global - Market size and forecast 2021 - 2026 (units)

  Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis 

  4.1 Five Forces Summary 

  Exhibit 15:  Five forces analysis 2021 & 2026

  4.2 Bargaining power of buyers 

  Exhibit 16: Bargaining power of buyers

  4.3 Bargaining power of suppliers 

  Exhibit 17: Bargaining power of suppliers

  4.4 Threat of new entrants 

  Exhibit 18: Threat of new entrants

  4.5 Threat of substitutes 

  Exhibit 19: Threat of substitutes

  4.6 Threat of rivalry 

  Exhibit 20: Threat of rivalry

  4.7 Market condition 

  Exhibit 21:  Market condition - Five forces 2021

5 Market Segmentation by Product 

  5.1 Market segments

  Exhibit 22:  Product - Market share 2021-2026 (%)

  5.2 Comparison by Product 

  Exhibit 23:  Comparison by Product

  5.3 Telescopic RTLT - Market size and forecast 2021-2026 

  Exhibit 24:  Telescopic RTLT - Market size and forecast 2021-2026 (units)

  Exhibit 25:  Telescopic RTLT - Year-over-year growth 2021-2026 (%)

  5.4 Masted RTLT - Market size and forecast 2021-2026 

  Exhibit 26:  Masted RTLT - Market size and forecast 2021-2026 (units)

  Exhibit 27:  Masted RTLT - Year-over-year growth 2021-2026 (%)

  5.5 Market opportunity by Product 

  Exhibit 28:  Market opportunity by Product

6. Customer landscape 

  6.1 Overview

  Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

  Exhibit 29: Customer landscape

7. Geographic Landscape 

  7.1 Geographic segmentation

  Exhibit 30:  Market share by geography 2021-2026 (%)

  7.2 Geographic comparison 

  Exhibit 31: Geographic comparison

  7.3 APAC - Market size and forecast 2021-2026 

  Exhibit 32:  APAC - Market size and forecast 2021-2026 (units)

  Exhibit 33:  APAC - Year-over-year growth 2021-2026 (%)

  7.4 Europe - Market size and forecast 2021-2026 

  Exhibit 34:  Europe - Market size and forecast 2021-2026 (units)

  Exhibit 35:  Europe - Year-over-year growth 2021-2026 (%)

  7.5 North America - Market size and forecast 2021-2026 

  Exhibit 36:  North America - Market size and forecast 2021-2026 (units)

  Exhibit 37:  North America - Year-over-year growth 2021-2026 (%)

  7.6 MEA - Market size and forecast 2021-2026 

  Exhibit 38:  MEA - Market size and forecast 2021-2026 (units)

  Exhibit 39:  MEA - Year-over-year growth 2021-2026 (%)

  7.7 South America - Market size and forecast 2021-2026 

  Exhibit 40:  South America - Market size and forecast 2021-2026 (units)

  Exhibit 41:  South America - Year-over-year growth 2021-2026 (%)

  7.8 Key leading countries 

  Exhibit 42:  Key leading countries

  7.9 Market opportunity by geography

  Exhibit 43:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends 

  8.1 Market drivers 

  8.1.1 Increased government spending on infrastructure

  8.1.2 Emerging smart cities

  8.1.3 Rising demand for housing projects

  8.2 Market challenges 

  8.2.1 Increasing equipment rental

  8.2.2 Shortage of skilled operators

  8.2.3 Rising stringent emission regulations on construction machinery

  Exhibit 44:  Impact of drivers and challenges

  8.3 Market trends 

  8.3.1 Increasing focus on AGVs

  8.3.2 Rising adoption of telematics

  8.3.3 The increased importance of safety

9. Vendor Landscape 

  9.1 Overview

  Exhibit 45: Vendor landscape

  The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

  9.2 Landscape disruption 

  Exhibit 46: Landscape disruption

  Exhibit 47: Industry risks

  9.3 Competitive scenario 

10. Vendor Analysis 

  10.1 Vendors covered 

  Exhibit 48: Vendors covered

  10.2 Market positioning of vendors 

  Exhibit 49: Market positioning of vendors

  10.3 A LIFT INDUSTRIAL LTD. 

  Exhibit 50:  A LIFT INDUSTRIAL LTD. - Overview

  Exhibit 51:  A LIFT INDUSTRIAL LTD. - Product and service

  Exhibit 52:  A LIFT INDUSTRIAL LTD. - Key offerings

  10.4 AUSA CENTER SLU 

  Exhibit 53:  AUSA CENTER SLU - Overview

  Exhibit 54:  AUSA CENTER SLU - Product and service

  Exhibit 55:  AUSA CENTER SLU - Key offerings

  Exhibit 56:  AUSA CENTER SLU – Key news

  10.5 CASE Construction 

  Exhibit 57:  CASE Construction - Overview

  Exhibit 58:  CASE Construction - Product and service

  Exhibit 59:  CASE Construction - Key offerings

  10.6 Crown Equipment Corp. 

  Exhibit 60:  Crown Equipment Corp. - Overview

  Exhibit 61:  Crown Equipment Corp. - Product and service

  Exhibit 62:  Crown Equipment Corp. - Key offerings

  Exhibit 63:  Crown Equipment Corp. – Key news

  10.7 Harlo Products Inc. 

  Exhibit 64:  Harlo Products Inc. - Overview

  Exhibit 65:  Harlo Products Inc. - Product and service

  Exhibit 66:  Harlo Products Inc. - Key offerings

  10.8 Hyster Yale Materials Handling Inc. 

  Exhibit 67:  Hyster Yale Materials Handling Inc. - Overview

  Exhibit 68:  Hyster Yale Materials Handling Inc. - Business segments

  Exhibit 69:  Hyster Yale Materials Handling Inc. - Key offerings

  Exhibit 70:  Hyster Yale Materials Handling Inc. – Key news

  Exhibit 71:  Hyster Yale Materials Handling Inc. - Segment focus

  10.9 J C Bamford Excavators Ltd. 

  Exhibit 72:  J C Bamford Excavators Ltd. - Overview

  Exhibit 73:  J C Bamford Excavators Ltd. - Product and service

  Exhibit 74:  J C Bamford Excavators Ltd. - Key offerings

  Exhibit 75:  J C Bamford Excavators Ltd. – Key news

  10.10 Liftking Manufacturing Corp. 

  Exhibit 76:  Liftking Manufacturing Corp. - Overview

  Exhibit 77:  Liftking Manufacturing Corp. - Product and service

  Exhibit 78:  Liftking Manufacturing Corp. - Key offerings

  10.11 Vmax International Group Shanghai Co. Ltd. 

  Exhibit 79:  Vmax International Group Shanghai Co. Ltd. - Overview

  Exhibit 80:  Vmax International Group Shanghai Co. Ltd. - Product and service

  Exhibit 81:  Vmax International Group Shanghai Co. Ltd. - Key offerings

  10.12 Wolter Group LLC 

  Exhibit 82:  Wolter Group LLC - Overview

  Exhibit 83:  Wolter Group LLC - Product and service

  Exhibit 84:  Wolter Group LLC - Key offerings

11. Appendix 

  11.1 Scope of the report 

  11.1.1 Market definition

  11.1.2 Objectives

  11.1.3 Notes and Caveats

  11.2 Currency conversion rates for US$ 

  Exhibit 85: Currency conversion rates for US$

  11.3 Research Methodology 

  Exhibit 86: Research Methodology

  Exhibit 87: Validation techniques employed for market sizing

  Exhibit 88: Information sources

  11.4 List of abbreviations 

  Exhibit 89: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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