Forklift trucks are mainly used for material handling, lifting & stacking of discrete loads throughout facilities such as retail warehouses. These vehicles can be used with a variety of attachments such as clamps, grippers, and platforms to move and handle different types of materials and loads. Expansion of the logistics industry and economic growth in emerging economies have led to increasing logistics volume, which, in turn is boosting growth of the forklift trucks market.
Market Dynamics:
Growing e-commerce & warehousing industries is driving growth of the global forklift truck market. According to coherent market insights almost 90% of the warehousing space is controlled by the unorganized players. It has huge growth potential and is slated to become regularized over the next few years.
However, high cost of battery operated and fuel-cell forklifts, coupled with growing environmental concerns regarding the use of IC-engine type forklift trucks are expected to hinder growth of the global forklift truck market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global forklift truck market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global forklift truck market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Toyota Industries Corporation Group, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Crown Equipment Corporation, Mitsubishi Nichiyu Forklift Co., Ltd., UniCarriers Americas Corporation, Anhui Heli Company Limited, Komatsu Ltd., Clark Material Handling Company, Doosan Industrial Vehicle, Hangcha Group Co. Ltd., JBT Corporation, Combilift Ltd., Godrej & Boyce Mfg. Co. Ltd, Linde Material Handling.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global forklift truck market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Forklift Truck market
Detailed Segmentation:
- Global Forklift Truck Market, By Product Type:
- Global Forklift Truck Market, By Class:
- Class I: Electric Motor Rider Trucks
- Class II: Electric Motor Narrow Aisle Trucks
- Class III: Electric Motor Pedestrian Trucks
- Class IV: Internal Combustion Engine Trucks (Solid/Cushion Tires)
- Class V: Internal Combustion Engine Trucks (Pneumatic Tires)
- Class VI: Electric and Internal Combustion Engine Tractors
- Class VII: Rough Terrain Forklift Trucks
- Global Forklift Truck Market, By Fuel Type:
- Diesel
- Gasoline & LPG/CNG
- Electric/Hybrid
- Global Forklift Truck Market, By Engine Type:
- IC Engine Power
- Electric Power
- Global Forklift Truck Market, By Lifting Capacity:
- <5 Ton
- 5 Ton – 10 Ton
- 11 Ton – 36 Ton
- > 36 Ton
- Global Forklift Truck Market, By End-use Industry:
- Retail & Wholesale
- Transportation & Logistics
- Automotive & Electrical Engineering
- Food Industry
- Other Industries (Chemical, Timber, and Paper and Print Industry)
- Global Forklift Truck Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By Company:
- Toyota Industries Corporation Group
- Kion Group AG
- Jungheinrich AG
- Hyster-Yale Materials Handling, Inc.
- Crown Equipment Corporation
- Mitsubishi Nichiyu Forklift Co., Ltd.
- UniCarriers Americas Corporation
- Anhui Heli Company Limited
- Komatsu Ltd.
- Clark Material Handling Company
- Doosan Industrial Vehicle
- Hangcha Group Co. Ltd.
- JBT Corporation
- Combilift Ltd.
- Godrej & Boyce Mfg. Co. Ltd
- Linde Material Handling
- Others
