+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Forklifts - Global Strategic Business Report

  • PDF Icon

    Report

  • 434 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804873
The global market for Forklifts is estimated at US$42.7 Billion in 2023 and is projected to reach US$62.9 Billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Internal Combustion Engine (ICE) segment, which is expected to reach US$41.5 Billion by 2030 with a CAGR of 4.6%. The Electric segment is also set to grow at 5.6% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $11.6 Billion in 2023, and China, forecasted to grow at an impressive 6% CAGR to reach $11.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Forklifts Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Forklifts Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Forklifts Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Aisle-Master, Anhui HeLi Co., Ltd., ATF Forklifts, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 81 Featured):

  • Aisle-Master
  • Anhui HeLi Co., Ltd.
  • ATF Forklifts
  • Big Lift LLC
  • Cargotec Finland Oy - Kalmar
  • CESAB Material Handling Europe
  • Clark Material Handling Company
  • Combilift Ltd.
  • Corecon Inc.
  • Crown Equipment Corporation
  • CVS ferrari S.P.A
  • EP Equipment Co., Ltd.
  • The Raymond Corporation

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Material Handling Equipment (MHE): An Introduction
  • Forklift: Integral Part of MHE
  • Types of Forklifts
  • Counterbalanced Forklift
  • Warehousing Forklifts
  • Forklift by Fuel Types
  • Internal Combustion Engine (ICE)
  • Electric
  • Forklift by Tonnage Capacity
  • Less than 5 Ton
  • 5 Ton to 10 Ton
  • 11 Ton to 36 Ton
  • Classification by Forklift Classes
  • Key Strategies to Ensure Safe Use of Forklifts in Work Environments
  • Born Out of Necessity, Forklifts Surge Ahead on the e-Commerce Boom
  • Prominent Factors to Turbocharge Global Forklifts Market
  • Forklift Arena Keeps Buzzing with Latest Technological Trends
  • Developed Markets: Traditional Revenue Contributors
  • Developing Countries Turbo Charge Future Market Growth
  • Internal Combustion Engine Forklifts Making Way for Electric Forklifts
  • Retail & Wholesale End-Use Segment to Maintain its Dominance
  • Competitive Scenario
  • Recent Market Activity
  • Select Innovations
  • Forklifts - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Popularity of Fuel Cell-powered Forklifts to Drive Global Forklift Market
  • Myriad Benefits to Broaden Battery-operated Forklifts Application
  • Automated Forklifts Rise in Prominence
  • Electric Forklifts Gain Traction
  • Emphasis on Green Warehousing Steers Demand for Electric Forklifts
  • Electric Forklifts Experience Impressive Makeover with Sophisticated Technology
  • COVID-19 Glitches Hustle Forklift Users to Embrace Electric Versions
  • Forklift Tires Market: Characterized by Growing Demand for Solid and Non-Marking Tires
  • Lift Truck Become a Part of the Connected Enterprise Ecosystem
  • Forklifts Emerge as an Important Material Handling System for the Logistics and Shipping Industry
  • Global Logistics Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Third Party Logistics (3PL): Expanding in Industrial Manufacturing, Retail and Wholesale Sectors
  • Expanding Retail Industry Generates Significant Opportunities
  • Transition of Material Handling Operations in Automobile Industry Augurs Well for Forklifts Market
  • How Automotive Industry Continues to be Impacted by the Pandemic & What’s the New Normal?
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • With Global E-Commerce Sales Skyrocketing, Growth in E-Commerce Warehouses Spurs Need for Forklifts
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
  • Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
  • Online Shopping Trend and Need to Improve Warehouse Efficiencies Drive Investments into Forklifts
  • Great Technological Strides for Lift Trucks Used in Cold Storage Warehouses
  • Safety Strategies for Operators to Minimize Forklift Accidents’ Risk in Warehouses
  • Anticipated Growth of Construction Sector to Present Favorable Outlook for Forklifts
  • Global Construction Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Technological Advancements Accelerate Market Expansion
  • Technological Developments also Aim at Increasing Productivity
  • Key Challenges
  • Manufactures Face Challenges Producing Rough-Terrain Forklifts
  • Introduction of Robotic based Humanless Warehouse: A Threat to the Market
  • Rising Concerns over Forklift-related Safety Issues Restrain Market Growth
  • Regulatory Framework in the Forklift Sector
  • Percentage Breakdown of Number of Fatalities Attributed to Forklifts by Type of Accident in the US
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Internal Combustion Engine (ICE) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Internal Combustion Engine (ICE) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Internal Combustion Engine (ICE) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Electric by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Retail & Wholesale by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Retail & Wholesale by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Retail & Wholesale by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Logistics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Forklifts Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 23: World Recent Past, Current & Future Analysis for Forklifts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Forklifts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Forklifts by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • An Overview of Material Handling Equipment Market
  • North American Market Bears Severe Blow of COVID-19
  • Developing E-Commerce Industry Drives Growth in Automated Systems
  • Focus Heightens on Sustainable Solutions
  • Demand on Rise for Electric Forklifts
  • Competitive Landscape
CANADA
  • Market Overview
JAPAN
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Overview
  • Chinese Forklift Manufacturers Aim for Overseas Markets
EUROPE
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
FRANCE
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Market Overview
ITALY
  • Brief Market Overview
UNITED KINGDOM
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Overview & Outlook
  • Competitive Scenario
AUSTRALIA
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Market Overview
  • Opportunities in Retailing
  • ‘Go Green’ is the Mantra
  • Competitive Scenario
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • An Overview
ARGENTINA
BRAZIL
  • Brazilian Material Handling Equipment Market Share Analysis by Segment: 2021
MEXICO
  • Overview of the Mexican Material Handling Equipment Industry
REST OF LATIN AMERICA
MIDDLE EAST
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Material Handling Equipment: Brief Industry Overview
AFRICA
  • Forklifts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aisle-Master
  • Anhui HeLi Co., Ltd.
  • ATF Forklifts
  • Big Lift LLC
  • Cargotec Finland Oy - Kalmar
  • CESAB Material Handling Europe
  • Clark Material Handling Company
  • Combilift Ltd.
  • Corecon Inc.
  • Crown Equipment Corporation
  • CVS ferrari S.P.A
  • EP Equipment Co., Ltd.
  • The Raymond Corporation

Table Information