World Forklift Truck Market - Opportunities and Forecasts, 2014 - 2022

  • ID: 3773748
  • Report
  • Region: Global
  • 120 pages
  • Allied Analytics LLP
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Forklift trucks are also referred to as lift trucks. These vehicles are used for transferring goods to a short distance. Forklift trucks were first introduced into the market in the early 20th century. After the World War, II the forklift truck market began to grow rapidly based on the industrialization taking place across the globe. Forklifts are largely used in manufacturing industries and warehousing operations. The need for a machine or equipment that can maneuver heavy goods with ease to various locations is a prime reason that drives this market. Other factors such as increase in productivity, reduced injuries & accidents along with operator comfort are the major factors responsible for the growth in the forklift truck market. The forklift truck market is expected to grow at a promising CAGR from 2013 to 2020. This report provides a detailed insight on the global forklift truck market, current and projected trends, along with an in-depth analysis of the market potential. This report analyses opportunities in developed and emerging economies to help companies in the process of making strategic decisions and gaining a competitive edge.

The forklift truck is segmented on the basis of technology and product type. Based on technology, the forklift truck market is segmented into electric powered fork lift trucks and internal combustion engine powered forklift trucks. On the basis of product type the market is segmented into counterbalance forklift trucks and warehouse forklift trucks. The warehouse forklift trucks are further segmented into reach trucks, stacker, pallet and others. Based on geography, the forklift market is segmented into North America, Europe, Asia-Pacific and LAMEA.

Key players in the forklift truck market include Nissan Forklift, Godrej & Boyce Manufacturing Co. Ltd., Toyota Industries Corp, NACCO Material Handling Group, Kion Group AG, Jungheinrich Lift Truck Corp., Clark Material Handling International Inc., Hyundai Heavy Industries Co. Ltd, Mitsubishi Caterpillar Forklift America Inc. and Doosan Industrial Vehicles Co. Ltd.

KEY BENEFITS

The study provides an in-depth analysis of the forklift truck market with current and future trends to elucidate the imminent investment pockets in the market.
Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
The report provides information regarding key drivers, restraints and opportunities with impact analysis.
Quantitative analysis of the current market and estimations through 2013-2020, are provided to showcase the financial caliber of the market.
Porters Five Forces model and a SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market.
Value chain analysis in the report provides a clear understanding on the roles of stakeholders involved in the value chain.
Analysis of key market players and their strategies are discussed, in order to help understand the competition in a better way

MARKET SEGMENTATION

The market is segmented on the basis of technology, product type and geography.

MARKET BY TECHNOLOGY

Electric powered fork lift truck
Internal combustion engine powered forklift truck

MARKET BY PRODUCT TYPE

Counterbalance forklift trucks
Warehouse forklift trucks
Reach trucks
Stacker
Pallet
Others

MARKET BY GEOGRAPHY

North America
Europe
Asia Pacific
LAMEA

KEY PLAYERS

Nissan Forklift
Godrej & Boyce Manufacturing Co. Ltd.
Toyota Industries Corp
NACCO Material Handling Group
Kion Group AG
Jungheinrich Lift Truck Corp.
Clark Material Handling International Inc.
Hyundai Heavy Industries Co. Ltd
Mitsubishi Caterpillar Forklift America Inc.
Doosan Industrial Vehicles Co. Ltd.
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 MARKET OVERVIEW
2.1. MARKET DEFINITION AND SCOPE
2.2. KEY FINDINGS
2.2.1. Top impacting factors
2.2.2. Top winning strategies
2.2.3. Top investment pockets
2.3. PORTERS FIVE FORCES ANALYSIS
2.3.1. Bargaining power of suppliers
2.3.2. Bargaining power of buyers
2.3.3. Threat of substitutes
2.3.4. Threat of new entrants
2.3.5. Intensity of competitive rivalry
2.4. MARKET SHARE ANALYSIS, 2015
2.5. MARKET DYNAMICS
2.5.1. Drivers
2.5.1.1. Expansion of warehouse space globally
2.5.1.2. Growth in e-commerce business
2.5.1.3. Development of manufacturing industry
2.5.2. Restraints
2.5.2.1. Cyclic nature of lift truck business
2.5.2.2. Limited number of suppliers for particular components
2.5.3. Opportunity
2.5.3.1. Rise in adoption of green logistics solutions

CHAPTER 3 EXECUTIVE SUMMARY
3.1. CXO PERSPECTIVE

CHAPTER 4 FORKLIFT TRUCK MARKET, BY CLASS
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. ELECTRIC MOTOR RIDER TRUCKS (CLASS 1)
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. ELECTRIC MOTOR NARROW AISLE TRUCKS (CLASS 2)
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. ELECTRIC MOTOR HAND TRUCKS (CLASS 3)
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.5. INTERNAL COMBUSTION ENGINE TRUCKS (SOLID/CUSHION TRUCKS) (CLASS 4)
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast
4.6. ELECTRIC & INTERNAL COMBUSTION ENGINE TRACTORS (CLASS 5)
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast

CHAPTER 5 FORKLIFT TRUCK MARKET, BY POWER SOURCE
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. INTERNAL COMBUSTION ENGINE POWER
5.2.1. Introduction
5.2.2. Key market trends, growth factors, and opportunities
5.2.3. Market size and forecast
5.3. ELECTRIC-POWERED ENGINE
5.3.1. Introduction
5.3.2. Key market trends, growth factors, and opportunities
5.3.3. Market size and forecast

CHAPTER 6 FORKLIFT TRUCK MARKET, BY END USER
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. RETAIL & WHOLESALE
6.2.1. Introduction
6.2.2. Key market trends, growth factors, and opportunities
6.2.3. Market size and forecast
6.3. LOGISTICS
6.3.1. Introduction
6.3.2. Key market trends, growth factors, and opportunities
6.3.3. Market size and forecast
6.4. AUTOMOTIVE
6.4.1. Introduction
6.4.2. Key market trends, growth factors, and opportunities
6.4.3. Market size and forecast
6.5. FOOD INDUSTRY
6.5.1. Introduction
6.5.2. Key market trends, growth factors, and opportunities
6.5.3. Market size and forecast
6.6. OTHERS
6.6.1. Introduction
6.6.2. Key market trends, growth factors, and opportunities
6.6.3. Market size and forecast

CHAPTER 7 FORKLIFT TRUCK MARKET, BY PRODUCT TYPE
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. WAREHOUSING EQUIPMENT
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.3. INTERNAL COMBUSTION ENGINE-POWERED COUNTERBALANCE TRUCKS
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast

CHAPTER 8 COMPANY PROFILES
8.1. ANHUI FORKLIFT GROUP CO., LTD.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.2. CROWN EQUIPMENT CORPORATION
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Key strategic moves and developments, 2014-2016
8.3. HANGCHA GROUP CO., LTD
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Key strategic moves and developments, 2014-2016
8.4. HYSTER-YALE MATERIAL HANDLING, INC.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments, 2014-2016
8.5. JUNGHEINRICH AG
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments, 2014-2016
8.6. KION GROUP AG
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments, 2014-2016
8.7. KOMATSU LTD.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. MITSUBISHI NICHIYU FORKLIFT CO., LTD.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments, 2014-2017
8.9. TOYOTA INDUSTRIES CORPORATION
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments, 2014-2016

List of Tables
Table 1.1. Global Forklift Truck Market, By Class, 2014-2022 ($Million)

List of Tables
Table 1.2. Forklift Truck Market For Electric Motor Rider Trucks, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.3. Forklift Truck Market For Electric Motor Narrow Aisle Trucks, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.4. Forklift Truck Market For Electric Motor Hand Trucks, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.5. Forklift Truck Market For Internal Combustion Engine Trucks, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.6. Forklift Truck Market For Electric & Internal Combustion Engine Tractors, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.7. Global Forklift Truck Market, By Power Source, 2014-2022 ($Million)

List of Tables
Table 1.8. Forklift Truck Market For Internal Combustion Engine Power, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.9. Forklift Truck Market For Electric-Powered Engine, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.10. Global Forklift Truck Market, By End USer, 2014-2022 ($Million)

List of Tables
Table 1.11. Forklift Truck Market For Retail & Wholesale Industry, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.12. Forklift Market For Logistics Industry, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.13. Forklift Truck Market For Automotive Industry, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.14. Forklift Truck Market For Food Industry, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.15. Forklift Truck Market For Other Industries, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.16. Global Forklift Truck Market, By Product Type, 2014-2022 ($Million)

List of Tables
Table 1.17. Forklift Truck Market For Warehousing Equipment, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.18. Forklift Truck Market For Internal Combustion Engine-Powered Counterbalance Trucks, By Geography, 2014-2022 ($Million)

List of Tables
Table 1.19. Afg: Company Snapshot

List of Tables
Table 1.20. Afg: Operating Segments

List of Tables
Table 1.21. Crown: Company Snapshot

List of Tables
Table 1.22. Crown: Operating Segments

List of Tables
Table 1.23. Hangcha Group: Company Snapshot

List of Tables
Table 1.24. Hangcha Group: Operating Segments

List of Tables
Table 1.25. Hyster-Yale: Company Snapshot

List of Tables
Table 1.26. Hyster-Yale: Operating Segments

List of Tables
Table 1.27. Hyster-Yale: Product Portfolio

List of Tables
Table 1.28. Jungheinrich: Company Snapshot

List of Tables
Table 1.29. Jungheinrich: Operating Segments

List of Tables
Table 1.30. Jungheinrich: Product Portfolio

List of Tables
Table 1.31. Kion Group: Company Snapshot

List of Tables
Table 1.32. Kion Group: Operating Segments

List of Tables
Table 1.33. Kion Group: Product Portfolio

List of Tables
Table 1.34. Komatsu: Company Snapshot

List of Tables
Table 1.35. Komatsu: Operating Segments

List of Tables
Table 1.36. Komatsu: Product Portfolio

List of Tables
Table 1.37. Nichiyu: Company Snapshot

List of Tables
Table 1.38. Nichiyu: Operating Segments

List of Tables
Table 1.39. Toyota Industries: Company Snapshot

List of Tables
Table 1.40. Toyota Industries: Operating Segments

List of Tables
Table 1.41. Toyota Industries: Product Portfolio

List of Figures
Figure 1. Segmentation
Figure 2. Top Impacting Factors
Figure 3. Top Winning Strategies: Percentage Distribution (2013-2016)
Figure 4. Top Winning Strategies: Nature And Type
Figure 5. Top Investment Pockets, By End USer
Figure 6. Porters Five Forces Analysis
Figure 7. Market Share Analysis, 2015 Comparative Regional Share Analysis Of Forklift Truck Market For Electric Motor Rider Trucks, 2015 & 2022 (%)
Figure 8. Global Forklift Truck Market For Electric Motor Rider Trucks, 2014-2022 ($Million)
Figure 9. Comparative Regional Share Analysis Of Forklift Truck Market For Electric Motor Narrow Aisle Trucks, 2015 & 2022 (%)
Figure 10. Global Forklift Truck Market For Electric Motor Narrow Aisle Trucks, 2014-2022 ($Million)
Figure 11. Comparative Regional Share Analysis Of Forklift Market For Electric Motor Hand Trucks, 2015 & 2022 (%)
Figure 12. Global Forklift Truck Market For Electric Motor Hand Trucks, 2014-2022 ($Million)
Figure 13. Comparative Regional Share Analysis Of Forklift Truck Market For Internal Combustion Engine Trucks, 2015 & 2022 (%)
Figure 14. Global Forklift Truck Market For Internal Combustion Engine Trucks, 2014-2022 ($Million)
Figure 15. Comparative Regional Share Analysis Of Forklift Truck Market For Electric & Internal Combustion Engine Tractors, 2015 & 2022 (%)
Figure 16. Global Forklift Truck Market For Electric & Internal Combustion Engine Tractors, 2014-2022 ($Million)
Figure 17. Comparative Regional Share Analysis Of Forklift Truck Market For Internal Combustion Engine Power, 2015 & 2022 (%)
Figure 18. Global Forklift Truck Market For Internal Combustion Engine Power, 2014-2022 ($Million)
Figure 19. Comparative Regional Share Analysis Of Forklift Truck Market For Electric-Powered Engine, 2015 & 2022 (%)
Figure 20. Global Forklift Truck Market For Electric-Powered Engine, 2014-2022 ($Million)
Figure 21. Comparative Regional Share Analysis Of Forklift Market For Retail & Wholesale Industry, 2015 & 2022 (%)
Figure 22. Global Forklift Truck Market For Retail & Wholesale Industry, 2014-2022 ($Million)
Figure 23. Comparative Regional Share Analysis Of Forklift Truck Market For Logistics Industry, 2015 & 2022 (%)
Figure 24. Global Forklift Truck Market For Logistics Industry, 2014-2022 ($Million)
Figure 25. Comparative Regional Share Analysis Of Forklift Truck Market For Automotive Industry, 2015 & 2022 (%)
Figure 26. Global Forklift Truck Market For Automotive Industry, 2014-2022 ($Million)
Figure 27. Comparative Regional Share Analysis Of Forklift Truck Market For Food Industry, 2015 & 2022 (%)
Figure 28. Global Forklift Truck Market For Food Industry, 2014-2022 ($Million)
Figure 29. Comparative Regional Share Analysis Of Forklift Truck Market For Other Industries, 2015 & 2022 (%)
Figure 30. Global Forklift Truck Market For Other Industries, 2014-2022 ($Million)
Figure 31. Comparative Regional Share Analysis Of Forklift Market For Warehousing Equipment, 2015 & 2022 (%)
Figure 32. Global Forklift Truck Market For Warehousing Equipment, 2014-2022 ($Million)
Figure 33. Comparative Regional Share Analysis Of Forklift Market For Internal Combustion Engine-Powered Counterbalance Trucks, 2015 & 2022 (%)
Figure 34. Global Forklift Truck Market For Internal Combustion Engine-Powered Counterbalance Trucks, 2014-2022 ($Million)
Figure 35. Hyster-Yale: Revenue, 2013-2015 ($Million)
Figure 36. Hyster-Yale: Revenue Share By Segment, 2015 (%)
Figure 37. Hyster-Yale: Revenue Share By Geography, 2015 (%)
Figure 38. Jungheinrich: Revenue, 2013-2015 ($Million)
Figure 39. Jungheinrich: Revenue Share By Segment, 2015 (%)
Figure 40. Jungheinrich: Revenue Share By Geography, 2015 (%)
Figure 41. Kion Group: Revenue, 2014-2016 ($Million)
Figure 42. Kion Group: Revenue Share By Segment, 2016 (%)
Figure 43. Kion Group: Revenue Share, By Geography, 2016 (%)
Figure 44. Komatsu: Revenue, 2013-2015 ($Million)
Figure 45. Nichiyu: Revenue, 2013-2015 ($Million)
Figure 46. Nichiyu: Revenue Share By Segment, 2015 (%)
Figure 47. Toyota Industries: Revenue, 2014-2016 ($Million)
Figure 48. Toyota Industries: Revenue Share By Segment, 2016 (%)
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Forklift Truck Market Report, projects that the global forklift truck market is estimated to reach $51 billion by 2022, growing at a CAGR of 6.6% during the forecast period.Asia-Pacific accounted for the highest market share in 2015, and is anticipated to maintain its dominance throughout the forecast period.

Forklift is a power industrial truck used for handling different materials. The forklift market is expected to witness notable growth in future owing to the competitive advantages of electric forklift trucks such as high efficiency, eco-friendly nature, and low operation cost compared to other forklift trucks. Increase in applications of forklift in the industrial sector, such as in food industry and automotive, is expected to fuel the market growth. Moreover, increase in warehouse space for automotive and food industry boosts the demand for forklift trucks.

Based on product type, the forklift truck market is bifurcated into warehouse and counterbalance forklift trucks. Counterbalance was the highest revenue-generating segment, accounting for $24 billion in 2015. However, warehouse is expected grow at the highest CAGR of 7.4% to reach $14 billion by 2022.

Based on class type, the market is segmented into class I, class II, class III, class IV, and class V forklift. Class IV generated the highest revenue, accounting for $12.6 billion in 2015. However, class II segment is projected to witness fastest growth rate of 9.1% to reach $7 billion by 2022.

Based on end user, the market is divided into retail & wholesale, logistic, automotive, food industrial, and others (chemical, timber, and paper). Retail & wholesale and logistics are expected to register the highest CAGRs of 6.7% and 8.2%, respectively. However, retail & wholesale was the highest revenue-generating segment in 2015, accounting for $13.6 billion.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific generated the highest revenue, in 2015, with $15 billion and is expected to retain its dominance ahead as well. It is expected to reach $25 billion by 2022, growing at a CAGR of 7.8%. Europe and North America are the second and third leading regions, in terms of revenue, for forklift truck market, respectively.

Key Findings of Forklift Truck Market:

In 2015, class IV forklift truck led the overall forklift truck market, and is projected to grow at a CAGR of 5.2% during the forecast period.
IC engine-powered forklift truck dominated the market, and is expected to grow at a CAGR of 5.8%.
In 2015, counterbalance forklift truck was the dominant type, and is projected to grow at a CAGR of 6.4%.
Retail & wholesale forklift trucks led the overall market in 2015, and this segment is projected to grow at a CAGR of 6.7%.
Asia-Pacific accounted for the largest market share in 2015, and is anticipated to grow at a significant CAGR of 7.8%.

The key players in the forklift truck market focus on expanding their business operations in emerging countries, with new product launches as a preferred strategy. Major players engaged in this market are Toyota Industries Corporation (TICO), Kion Group AG. Jungheinrich AG, Hyster-Yale Material Handling, Inc., Crown Equipment Corporation, Mitsubishi Nichiyu Forklift Co. Ltd, UniCarriers American Corporation, Anhui Forklift Truck Group Corp, Hangcha Group Co., Ltd, and Komatsu Ltd.
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