Forklift Market by Application, Fuel, Tonnage, Class, and Region - Global Forecast to 2021

  • ID: 4032575
  • Report
  • Region: Global
  • 143 Pages
  • Markets and Markets
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The Global Forklift Market is Projected to Grow at a CAGR of 1.93%, from USD 16.00 Billion in 2016 to USD 17.61 Billion by 2021

FEATURED COMPANIES

  • Anhui Heli Co., Ltd.
  • Hangcha Group Co., Ltd.
  • Jungheinrich AG
  • Kion Group AG
  • Komatsu Ltd.
  • MORE

"Forklift Market by Application (Manufacturing, Wholesale & Retail Distribution, Freight, & Logistics), Fuel (Diesel, Electric, and Gasoline & LPG/CNG), Tonnage (36), Class (1, 2, 3, and 4/5), and Region - Global Forecast to 2021"

"In order to meet stringent emission regulations by the European Commission and Environment Protection Agency, the forklift manufacturers are focusing on battery-electric forklifts."

The global forklift market is projected to grow at a CAGR of 1.93%, from USD 16.00 billion in 2016 to USD 17.61 billion by 2021. The market is expected to reach 1.5 million units by 2021 in terms of value. The fastest growing trend in the global forklift market is the battery operated forklift. The demand for battery-operated forklifts has increased because of their enhanced performance levels and greater productivity. In addition, battery-operated forklifts also provide emission control advantage and are more economical as compared to ICE industrial vehicles.

"The manufacturing segment is estimated to hold largest market size"

The manufacturing segment is estimated to hold largest market size of forklifts in 2016, owing to rise in demand for infrastructural development. The paper industry, steel & iron industry, automotive industry, food and beverage industry, and others are the few examples of manufacturing industries where forklifts are being used. However, distribution segment is expected to lead the market by 2021 significantly due to increasing number of warehouses being set up across the regions.

"Asia-Pacific is the largest region in the global forklift market"

In 2016, the largest regional market for the forklift is the Asia-Pacific market, which holds majority of the market share of the global forklift market by value and volume. The adoption of forklift in the Indian and Chinese market is estimated to be low, but this trend is projected to increase rapidly in the near future as the Asian countries are developing in e-commerce and industrial manufacturing sectors. The European forklift market is the fastest growing, which is dominated by Germany, a key market for the forklifts in the region.

The study contains insights provided by various industry experts, ranging from forklift manufacturers to Tier-3 companies and various industry associations.

The break-up of the primaries is as follows:

  • By Company Type: Tier I-89%, Tier II-5%, and Tier III-6%
  • By Designation: C Level-5%, D Level-56%, and Manager level-39%
  • By Region: Americas-17%, Europe-33%, Asia-Pacific-33% and RoW-17%

Players Profiled in the Report are:

  • Toyota Industries Corporation
  • KION Group
  • Hyster-Yale Material Handling
  • Jungheinrich Group
  • Mitsubishi Nichiyu Forklift
  • Crown Equipment Corporation
  • Clark Material Handling
  • Anhui Forklift
  • Komatsu
  • Hangcha Group
  • Komatsu Limited

Research Coverage

The report covers the global forklift market based on region (Americas, Europe, Asia-Pacific, Rest of the World-Africa and Oceania), Class (Class 1 -Electric Rider Trucks-Counterbalanced, Class 2 Electric Warehouse Rider Truck, Class 3 Electric Warehouse Pedestrian Trucks, Class 4&5 Internal Combustion Trucks, Cushion and Pneumatic Tires, Counterbalanced), Tonnage Capacity (Less than 5 ton by region, 5 ton - 10 ton by region, 11 ton - 36 ton by region, Above 36 ton), Fuel (Diesel, Gasoline & LPG/CNG, Battery-electric).

Reasons to Buy the Report:

The report provides insights about the following points:

  • Market Penetration: Comprehensive information about forklift offered by the top players in the industry
  • Regulatory Framework: Detailed insights into stringent emission regulations, and the effect of the regulations on the market
  • Market Development: Comprehensive information about various engine technology trends. The report analyzes the markets for various engine technologies across the countries
  • Market Diversification: Exhaustive information about emerging technologies, recent developments, and investments in the global forklift market
  • Competitive Assessment: In-depth assessment of strategies, services, and manufacturing capabilities of leading players in the global forklift market
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Anhui Heli Co., Ltd.
  • Hangcha Group Co., Ltd.
  • Jungheinrich AG
  • Kion Group AG
  • Komatsu Ltd.
  • MORE
1 Introduction

    1.1 Objectives of the Study

    1.2 Market Definition

    1.3 Market Scope

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Currency

    1.5 Package Size

    1.6 Limitations

    1.7 Stakeholders

2 Research Methodology

    2.1 Research Data

    2.2 Secondary Data

           2.2.1 Key Secondary Sources

           2.2.2 Data From Secondary Sources

    2.3 Primary Data

           2.3.1 Sampling Techniques & Data Collection Methods

           2.3.1 Primary Participants

    2.4 Factor Analysis

           2.4.1 Introduction

           2.4.2 Demand-Side Analysis

                    2.4.2.1 Expected Rise in Trade of Goods

                    2.4.2.2 Favorable Economic Environment

                    2.4.2.3 Automation and Safety Concern

           2.4.3 Supply-Side Analysis

                    2.4.3.1 Technological Advancements

    2.5 Market Size Estimation

    2.6 Data Triangulation

    2.7 Assumptions

3 Executive Summary

4 Premium Insights

    4.1 Attractive Opportunities in this Market

    4.2 Global Forklift Market, By Region, 2016 & 2021

    4.3 Global Forklift Market Share, By Region & Class, 2016

    4.4 Global Forklift Market, By Application, 2016 & 2021

    4.5 Global Forklift Market, By Fuel Type, 2016 & 2021

    4.6 Global Forklift Market, By Tonnage

    4.7 Global Forklift Market: Rise in Demand for Forklifts in Emerging Economies

5 Market Overview

    5.1 Introduction

    5.2 Market Segmentation

           5.2.1 Global Forklift Market Segmentation

    5.3 Market Dynamics

           5.3.1 Drivers

                    5.3.1.1 Increasing Trend in E-Commerce and Warehouse Segment

                    5.3.1.2 Technological Advancements Aimed at Increasing Productivity

           5.3.2 Restraints

                    5.3.2.1 Increase in Third Party Logistics (3PL) Services

                    5.3.2.2 High Cost of Battery Operated and Fuel Cell Forklift

           5.3.3 Opportunities

                    5.3.3.1 Increasing Demand for Battery-Operated Forklifts

                    5.3.3.2 Emerging Market Fueling the Growth

           5.3.4 Challenges

                    5.3.4.1 Stringent Safety and Emission Regulations

                    5.3.4.2 Volatility in Global Market

    5.4 Porter’s Five Forces Analysis

           5.4.1 Global Forklift Market

                    5.4.1.1 Intensity of Competitive Rivalry

                    5.4.1.2 Threat of Substitutes

                    5.4.1.3 Bargaining Power of Buyers

                    5.4.1.4 Bargaining Power of Suppliers

                    5.4.1.5 Threat of New Entrants

6 Global Forklift Market, By Fuel Type

    6.1 Introduction

    6.2 Diesel Forklift: Global Forklift Market, By Region

    6.3 Battery-Electric Forklift Market

    6.4 Gasoline & Lpg/Cng Forklift Market

7 Global Forklift Market, By Tonnage

    7.1 Introduction

    7.2 Below 5 Ton :Global Forklift Market, By Region

    7.3 5 to 10 Ton :Global Forklift Market, By Region

    7.4 11 to 36 Ton, By Region

    7.5 36 Ton and Above, By Region

8 Global Forklift Market, By Application

    8.1 Introduction

    8.2 Manufacturing: Global Forklift Market, By Region

    8.3 Wholesale & Retail Distribution: Global Forklift Market, By Region

    8.4 Freight & Logistics Market, By Region

    8.5 Other Forklift Applications Market, By Region

9 Global Forklift Market, By Region

    9.1 Introduction

    9.2 Asia-Pacific

    9.3 Europe

    9.4 Americas

    9.5 Rest of the World

10 Competitive Landscape

     10.1 Competitive Situation & Trends

     10.2 Battle for Market Share: New Product Launches Was the Key Strategy

     10.3 New Product Launches

     10.4 Mergers & Acquisitions

     10.5 Supply Contracts/Joint Ventures/Collaborations/Partnerships

     10.6 Expansions

11 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments) -

     11.1 Toyota Industries Corporation

     11.2 Kion Group AG

     11.3 Hyster-Yale Materials Handling, Inc.

     11.4 Jungheinrich AG

     11.5 Mitsubishi Nichiyu Forklift Co., Ltd.

     11.6 Crown Equipment Corporation

     11.7 Clark Material Handling Company

     11.8 Anhui Heli Co., Ltd.

     11.9 Komatsu Ltd.

     11.10 Hangcha Group Co., Ltd.
  • Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
12 Appendix

     12.1 Key Insights of Industry Experts

     12.2 Discussion Guide

     12.3 Knowledge Store: Subscription Portal

     12.4 Introducing RT: Real Time Market Intelligence

     12.5 Available Customizations

             12.5.1 Global Forklift Market, By Region & Country (In Value)

                        12.5.1.1 Introduction

                               12.5.1.1.1 Americas, By Country

                               12.5.1.1.2 Europe, By Country

                               12.5.1.1.3 Asia-Pacific, By Country

                               12.5.1.1.4 RoW, By Region

             12.5.2 Global Forklift Market, By Application and By Region (In Value)

                        12.5.2.1 Manufacturing, By Region

                        12.5.2.2 Wholesale & Retail Distribution, By Region

                        12.5.2.3 Freight & Logistics, By Region

                        12.5.2.4 Others, By Region

             12.5.3 Company Information

                        12.5.3.1 Profiling of Additional Market Players (Up to 3)

     12.6 Related Reports

     12.7 Author Details

List of Tables

Table 1 Global Forklift Market : Class Wise Classification
Table 2 Global Forklift Market: Average Selling Price
Table 3 Global Forklift Market: Porter’s Five Forces Analysis
Table 4 Global Forklift Market, By Fuel Type, 2014-2021 (‘000 Units)
Table 5 Global Forklift Market, By Fuel Type, 2014-2021 (USD Million)
Table 6 Diesel Forklift: Global Forklift Market, By Region, 2014-2021 (‘000 Units)
Table 7 Diesel Forklift: Market, By Region, 2014-2021 (USD Million)
Table 8 Battery-Electric: Global Forklift Market Size, By Region, 2014-2021 (‘000 Units)
Table 9 Battery-Electric: Market Size, By Region, 2014-2021 (USD Million)
Table 10 Gasoline & Lpg/Cng: Global Forklift Market Size, By Region, 2014-2021 (‘000 Units)
Table 11 Gasoline & Lpg/Cng: Market Size, By Region, 2014-2021 (USD Million)
Table 12 Global Forklift Market, By Tonnage, 2014-2021 (‘000 Units)
Table 13 Market, By Tonnage, 2014-2021 (USD Million)
Table 14 Below 5 Ton Market Size, By Region, 2014-2021 (‘000 Units)
Table 15 Below 5 Ton Market Size, By Region, 2014-2021 (USD Million)
Table 16 5 to 10 Ton Market Size, By Region, 2014-2021 (‘000 Units)
Table 17 5 to 10 Ton Market Size, By Region, 2014-2021 (USD Million)
Table 18 11 to 36 Ton Market Size, By Region, 2014-2021 (‘000 Units)
Table 19 11 to 36 Ton Market Size, By Region, 2014-2021 (USD Million)
Table 20 36 Ton and Above Market Size, By Region, 2014-2021 (‘000 Units)
Table 21 36 Ton and Above Market Size, By Region, 2014-2021 (USD Million)
Table 22 Global Forklift Market, By Application, 2014-2021 (‘000 Units)
Table 23 Manufacturing: Global Forklift Market, By Region, 2014-2021 (‘000 Units)
Table 24 Wholesale & Retail Distribution Market Size, By Region, 2014-2021 (‘000 Units)
Table 25 Freight & Logistics Market Size, By Region, 2014-2021 (‘000 Units)
Table 26 Other Forklift Applications Market Size, By Region, 2014-2021 (‘000 Units)
Table 27 Global Forklift Market Size, By Region, 2014-2021 (‘000 Units)
Table 28 Market Size, By Region, 2014-2021 (USD Million)
Table 29 Global Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 30 Market Size, By Class, 2014-2021 (USD Million)
Table 31 Asia-Pacific: Forklift Market Size, By Country, 2014-2021 (‘000 Units)
Table 32 Asia-Pacific: Market Size, By Country, (USD Million)
Table 33 Asia-Pacific: Forklift Market Size, By Class (000’ Units)
Table 34 Asia-Pacific: Market Size, By Class (USD Million)
Table 35 China: Asia-Pacific Forklift Market Size, By Class (‘000 Units)
Table 36 Japan: Forklift Market Size, By Class (‘000 Units)
Table 37 India: Forklift Market Size, By Class (‘000 Units)
Table 38 South Korea: Forklift Market Size, By Class (‘000 Units)
Table 39 Rest of Asia-Pacific: Forklift Market Size, By Class (‘000 Units)
Table 40 Europe: Forklift Market Size, By Country, 2014-2021 (‘000 Units)
Table 41 Europe: Market Size, By Country, 2014-2021 (USD Million)
Table 42 Europe: Forklift Market Size, By Class, 2014-2021 (000’ Units)
Table 43 Europe: Market Size, By Class, 2014-2021 (USD Million)
Table 44 Germany: Forklift Market Size, By Class, 2014-2021 (000’ Units)
Table 45 France: Forklift Market Size, By Class, 2014-2021 (000’ Units)
Table 46 United Kingdom: Forklift Market Size, By Class, 2014-2021 (000’ Units)
Table 47 Italy : Forklift Market Size, By Class, 2014-2021 (000’ Units)
Table 48 Rest of Europe: Forklift Market Size, By Class, 2014-2021 (000’ Units)
Table 49 Americas: Forklift Market Size, By Country, 2014-2021 (‘000 Units)
Table 50 Americas: Market Size, By Country, 2014-2021 (USD Million)
Table 51 Americas: Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 52 Americas: Market Size, By Class, 2014-2021 (USD Million)
Table 53 U.S. : Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 54 Mexico: Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 55 Canada: Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 56 Brazil: Forklift Market Size, 2014-2021 (‘000 Units)
Table 57 Rest of the Americas: Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 58 RoW: Forklift Market Size, By Region, 2014-2021 (‘000 Units)
Table 59 RoW: Market Size, By Region, 2014-2021 (USD Million)
Table 60 RoW: Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 61 RoW: Market Size, By Class, 2014-2021 (USD Million)
Table 62 Africa: Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 63 Oceania: Forklift Market Size, By Class, 2014-2021 (‘000 Units)
Table 64 New Product Launches, 2015-2016
Table 65 Mergers & Acquisitions, 2015-2016
Table 66 Supply Contracts/Joint Ventures/Collaborations/Partnerships, 2015-2016
Table 67 Expansions, 2015-2016

List of Figures

Figure 1 Segmentations Covered: Global Forklift Market
Figure 2 Research Design
Figure 3 Research Design Model
Figure 4 Global Forklift Market: Secondary Sources
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 6 Global Forklift Market: Export of Goods and Services
Figure 7 Global Forklift Market: Import of Goods and Services
Figure 8 Global Forklift Market: Relation Between Forklift Sales Growth and GDP Growth Rate
Figure 9 Global Forklift Market: Revenue of Automation System Suppliers
Figure 10 Top Down Approach
Figure 11 Bottom-Up Approach
Figure 12 Global Forklift Market: Data Triangulation
Figure 13 Global Forklift Market: Assumptions
Figure 14 Battery-Electric Segment to Drive the Growth of Global Forklift Market
Figure 15 Manufacturing Segment to Be the Largest Contributor to Global Forklift Market, By Application (2016 - 2021)
Figure 16 Below 5 Ton to Be the Largest Contributor to the Global Forklift Market, By Tonnage (2016 & 2021)
Figure 17 Asia-Pacific to Hold the Largest Share in the Global Forklift Market, By Region, in 2016
Figure 18 Battery-Operated Forklift Segment is Expected to Drive the Global Forklift Market
Figure 19 Asia-Pacific is Estimated to Be the Largest Market for Forklifts
Figure 20 Class 4 & 5 to Hold the Largest Market for Forklifts
Figure 21 Manufacturing Segment to Hold the Largest Size, By Volume, in the Global Forklift Market, By Application, in 2016
Figure 22 Battery-Electric Segment is Estimated to Occupy the Largest Size, By Value, in the Global Forklift Market, By Fuel Type, From 2016 to 2021
Figure 23 Below 5 Ton Segment to Hold the Largest Share, By Value, in the Global Forklift Market, By Tonnage in 2016
Figure 24 Rise in Demand for Forklifts in Developing Regions, 2016
Figure 25 Global Forklift Market: Market Dynamics
Figure 26 Fuel Cell Powered Forklift Market in North America
Figure 27 Market Shift From Ice Forklifts to Battery Electric Forklifts
Figure 28 Global Forklift Market: Number of Forklift Used Per 1 Million People
Figure 29 Global Forklift Market: Emission Tier Slabs
Figure 30 Global Forklift Market: Porter’s Five Forces Analysis
Figure 31 Competitive Rivalry is High in Global Forklift Market
Figure 32 Large Number of Players in Markets Leads to High Degree of Competition in the Global Forklift Market
Figure 33 Limited Availability of Substitutes Makes the Threat of the Same Low
Figure 34 Large Number of Suppliers and Concentration of Buyers Makes the Buyer’s Bargaining Power High
Figure 35 Intense Competition Among Existing Suppliers Makes the Bargaining Power of Suppliers Low
Figure 36 Established Firms and High Initial Cost Making the Threat of New Entrants Low
Figure 37 Battery-Electric Forklifts to Be the Fastest Growing Segment of the Global Forklift Market
Figure 38 Below 5 Ton to Constitute the Fastest Growing Segment of the Global Forklift Market
Figure 39 Wholesale & Retail Distribution Segment to Constitute the Fastest Growing Segment of the Global Forklift Market
Figure 40 Region-Wise Snapshot of the Global Forklift Market, By Volume (2016): Asia- Pacific Estimated to Account for the Largest Market Share
Figure 41 China Estimated to Be the Largest Contributor to the Asia-Pacific Forklift Market
Figure 42 Germany is Estimated to Be the Largest Market for Forklift Market in Europe During the Forecast Period (USD Million)
Figure 43 U.S. Projected to Lead Americas Forklift Market By 2021
Figure 44 Companies Adopted New Product Launches as the Key Growth Strategy From 2013 to 2016
Figure 45 Market Evaluation Framework: New Product Launches Fuelled Market Growth From 2013-2016
Figure 46 Toyota Industries Corporation: Company Snapshot
Figure 47 Toyota Industries Corporation: SWOT Analysis
Figure 48 Kion Group AG: Company Snapshot
Figure 49 Kion Group AG: SWOT Analysis
Figure 50 Hyster-Yale Materials Handling, Inc.: Company Snapshot
Figure 51 Hyster-Yale Materials Handling, Inc.: SWOT Analysis
Figure 52 Jungheinrich AG: Company Snapshot
Figure 53 Jungheinrich AG: SWOT Analysis
Figure 54 Mitsubishi Nichiyu Forklift Co., Ltd.: Company Snapshot
Figure 55 Mitsubishi Nichiyu Forklift Co., Ltd.: SWOT Analysis
Figure 56 Anhui Heli Co., Ltd.: Company Snapshot
Figure 57 Komatsu Ltd.: Company Snapshot
Note: Product cover images may vary from those shown
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  • Anhui Heli Co., Ltd.
  • Clark Material Handling Company
  • Crown Equipment Corporation
  • Hangcha Group Co., Ltd.
  • Hyster-Yale Materials Handling, Inc.
  • Jungheinrich AG
  • Kion Group AG
  • Komatsu Ltd.
  • Mitsubishi Nichiyu Forklift Co., Ltd.
  • Toyota Industries Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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