Japan Used and Refurbished Storage Forklift Truck Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The Japan Used and Refurbished Storage Forklift Truck Market is rapidly growing, fueled by the increasing demand for efficient warehouse solutions across industries. The market has witnessed a surge in both used and refurbished forklift trucks as businesses seek cost-effective alternatives to new equipment. This trend is further amplified by the growing need for warehouse automation and material handling equipment in sectors like logistics, manufacturing, and e-commerce. Many industries in Japan are turning to used forklifts and refurbished models as a way to balance high performance with lower upfront costs, providing businesses with flexibility and financial benefits.
Industries such as automotive, food and beverage, pharmaceuticals, and retail are particularly active in this market, demanding forklifts that can handle heavy loads, operate in narrow aisles, and offer high durability. With the increasing focus on sustainability, refurbished forklifts offer a greener option as they extend the lifecycle of existing machinery. Refurbishment involves updating components, ensuring the forklifts meet modern safety and performance standards, while still offering a more affordable price compared to new trucks.
In Japan, the growing trend of automation in warehousing is also boosting the demand for storage forklifts. Many companies are increasingly relying on forklifts equipped with advanced features such as electric powertrains, automation capabilities, and better energy efficiency. As automation continues to rise, the need for used and refurbished forklifts remains strong, with companies looking for machines that can complement their existing systems without the high capital expenditure.
Another key factor driving the market is the high level of customization available for refurbished models. Japanese manufacturers and suppliers often tailor forklifts to specific industry requirements, offering modifications like adjustable masts, specialized attachments, and enhanced lifting capabilities. These tailored solutions help businesses in niche markets like logistics and retail optimize their operations.
Additionally, Japan's reputation for high-quality engineering plays a significant role in the appeal of used and refurbished forklift trucks. The resale market is strong because the forklifts often retain their value, and their longevity makes them a safe investment for companies looking for reliable, cost-effective solutions. As the Japan Used and Refurbished Storage Forklift Truck Market continues to expand, companies will increasingly turn to these machines as an integral part of their operations, ensuring smooth material handling processes at a lower cost.
The requirement from industries like logistics and manufacturing continues to evolve, with a clear demand for highly functional, reliable, and affordable forklift trucks. The market’s growth is a testament to the continuous need for quality material handling solutions and cost-effective equipment options, especially in industries that require specialized storage and transportation solutions.
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Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Used and Refurbished Storage Forklift Truck Market
Electric Forklift Trucks
Internal Combustion Forklift Trucks
Reach Forklifts
Pallet Jacks
Order Pickers
Light-Duty Forklifts (up to 3,000 lbs)
Medium-Duty Forklifts (3,001 lbs to 5,000 lbs)
Heavy-Duty Forklifts (5,001 lbs to 10,000 lbs)
Ultra Heavy-Duty Forklifts (over 10,000 lbs)
Manufacturing
Warehousing and Distribution
Construction
Retail
Agriculture
Budget (under $10,000)
Mid-Range ($10,001 to $25,000)
Premium ($25,001 to $50,000)
Luxury (over $50,000)
Used Forklift Trucks
Refurbished Forklift Trucks
Certified Pre-Owned Forklift Trucks
As-Is Condition Forklift Trucks
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Used and Refurbished Storage Forklift Truck Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Used and Refurbished Storage Forklift Truck Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Used and Refurbished Storage Forklift Truck Market, By Type
6. Japan Used and Refurbished Storage Forklift Truck Market, By Application
7. Japan Used and Refurbished Storage Forklift Truck Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Used and Refurbished Storage Forklift Truck Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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