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Forklift - Market Analysis, Trends, and Forecasts

  • ID: 4804873
  • Report
  • November 2019
  • Region: Global
  • 478 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Aisle-Master
  • Cat Lift Trucks
  • Godrej Material Handling
  • Jungheinrich Ag
  • Lonking Holdings Limited
  • Palfinger Ag
  • MORE
Forklift market worldwide is projected to grow by US$3.9 Billion, driven by a compounded growth of 2.6%. Diesel, one of the segments analyzed and sized in this study, displays the potential to grow at over 2.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$13 Billion by the year 2025, Diesel will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 2.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$167.8 Million to the region's size and clout in the next 5 to 6 years. Over US$102.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Diesel will reach a market size of US$839.3 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 3.8% over the next couple of years and add approximately US$933.4 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include among others:
  • Anhui Heli Co., Ltd.
  • CLARK Material Handling International (CMHI)
  • Combilift Material Handling Solutions
  • Crown Equipment Corporation
  • Godrej Material Handling
  • HANGCHA GROUP CO., LTD
  • Hyster-Yale Materials Handling, Inc.
  • Jungheinrich AG
  • KION Group AG
  • Komatsu Ltd.
  • Lonking Holdings Limited
  • Mitsubishi Logisnext Co., Ltd.
  • Toyota Industries Corporation
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Aisle-Master
  • Cat Lift Trucks
  • Godrej Material Handling
  • Jungheinrich Ag
  • Lonking Holdings Limited
  • Palfinger Ag
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. 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
Diesel
Electric
Gasoline & LPG/CNG
Forklift by Tonnage Capacity
Less than 5 Ton
5 Ton to 10 Ton

1. Ton to 36 Ton
Classification by Forklift Classes
Born Out of Necessity, Forklifts Surge Ahead on the e-Commerce Boom
Developed Markets: Traditional Revenue Contributors
Developing Countries Turbo Charge Future Market Growth
Diesel Forklifts Making Way for Electric Forklifts
Manufacturing Application Segment to Maintain its Dominance
Global Economic Outlook: GDP Growth and Forklifts Market
Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
Competitive Scenario
Global Competitor Market Shares
Forklift Competitor Market Share Scenario Worldwide (in %): 2019 and 2025

2. FOCUS ON SELECT PLAYERS
Anhui Heli Co., Ltd. (China)
CLARK Material Handling Company (CMHC) (USA)
Combilift Material Handling Solutions (Ireland)
Crown Equipment Corporation (USA)
Godrej Material Handling (India)
HANGCHA GROUP CO., LTD (China)
Hyster-Yale Materials Handling, Inc. (USA)
Jungheinrich AG (Germany)
KION Group AG (Germany)
Komatsu Ltd. (Japan)
Lonking Holdings Limited (China)
Mitsubishi Logisnext Co., Ltd. (Japan)
Toyota Industries Corporation (Japan)

3. MARKET TRENDS & DRIVERS
Increasing Popularity of Fuel cell-powered Forklifts Drives the 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
Forklift Tires Market: Characterized by Growing Demand for Solid and Non-Marking Tires
Lift Truck Made a Part of the Connected Enterprise Ecosystem
World Warehouse Management Systems (WMS) Market Revenues in US$ Million for Years 2015, 2017, 2019 and 2021
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
Global 3PL Market Revenue Share by End-Use Sector (2019)
Expanding Retail Industry Generates Significant Opportunities
Global Retail Sector Revenue Share by Product Category (2019)
Transition of Material handling Operations in Automobile Industry Augurs Well for Forklifts Market
Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
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
Leading Retail E-Commerce Countries Worldwide: Ranked by Sales in $ Billion for 2019E
Online Shopping Trend and Need to Improve Warehouse Efficiencies Drive Investments into Forklifts
Healthy Growth of Construction Sector Presents Favorable Outlook for Forklifts Market
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

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
An Overview of Material Handling Equipment Market
United States Material Handling Equipment Market Share Breakdown by Segment: 2019
Developing E-Commerce Industry Drives Growth in Automated Systems
E-Commerce Retail Sales in the US as % of Total Retail Sales (2015-2021)
Focus Heightens on Sustainable Solutions
Demand on Rise for Electric Forklifts
Competitive Landscape
Market Analytics
CANADA
Market Overview
Material Handling Equipment Market in Canada: Percentage Share Breakdown of Sales by Segment for 2019
Market Analytics
JAPAN
CHINA
Market Overview
Chinese Material Handling Equipment Market by Segment: Percentage Breakdown of Sales for 2019
Chinese Forklift Manufacturers Aim for Overseas Markets
Market Analytics
EUROPE
Market Overview
European Material Handling Equipment Market Share Breakdown by Segment: 2019
Market Analytics
FRANCE
GERMANY
Market Overview
German Material Handling Equipment Market Share Breakdown by Segment: 2019
Market Analytics
ITALY
Brief Market Overview
Italian Material Handling Equipment Market by Segment: Percentage Breakdown of Sales for 2019
Market Analytics
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
Market Overview & Outlook
Asia-Pacific Material Handling Equipment Market Share Analysis by Segment: 2019
Competitive Scenario
Market Analytics
AUSTRALIA
INDIA
Market Overview
Material Handling Equipment Market in India: Percentage Share Breakdown of Sales by Segment for 2019
Opportunities in Retailing
‘Go Green’ is the Mantra
Competitive Scenario
Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
An Overview
Latin American Material Handling Equipment Market by Segment: Percentage Breakdown of Sales for 2019
Market Analytics
ARGENTINA
BRAZIL
Brazilian Material Handling Equipment Market Share Analysis by Segment: 2019
Market Analytics
MEXICO
Overview of the Mexican Material Handling Equipment Industry
Mexican Material Handling Equipment Market Share Breakdown by Segment: 2019
Market Analytics
REST OF LATIN AMERICA
MIDDLE EAST
Material Handling Equipment: Brief Industry Overview
Material Handling Equipment Market in the Middle East: Percentage Share Breakdown of Sales by Segment for 2019
Market Analytics
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV COMPETITION
AISLE-MASTER
ANHUI HELI CO., LTD.
ANHUI TEU FORKLIFT TRUCK CO., LTD.
ANHUI YUFENG WAREHOUSING EQUIPMENT CO.,LTD.
BHS INTRALOGISTICS GMBH
BIG LIFT, LLC
CARER FORKLIFTS
CARGOTEC FINLAND OY - KALMAR
CLARK MATERIAL HANDLING COMPANY
COMBILIFT
CORECON INC.
CROWN EQUIPMENT CORPORATION
CVS FERRARI SRL
DOOSAN CORPORATION INDUSTRIAL VEHICLE
DOOSAN INDUSTRIAL VEHICLE AMERICA CORPORATION
EP EQUIPMENT CO., LTD.
GODREJ MATERIAL HANDLING
GUANGXI LIUGONG MACHINERY CO., LTD.
LIUZHOU LIUGONG FORKLIFT CO., LTD.
HANGCHA GROUP CO., LTD.
HUBTEX MASCHINENBAU GMBH & CO. KG
HYSTER-YALE MATERIALS HANDLING INC.
HYSTER COMPANY
HYTSU GROUP
HYUNDAI CONSTRUCTION EQUIPMENT AMERICAS, INC.
HYUNDAI CONSTRUCTION EQUIPMENT EUROPE - HYUNDAI MATERIAL HANDLING
J C BAMFORD EXCAVATORS LTD. (JCB)
JBT CORPORATION
JOST'S ENGINEERING COMPANY LIMITED
JUNGHEINRICH AG
KION GROUP AG
KION BAOLI (JIANGSU) FORKLIFT CO., LTD.
LINDE MATERIAL HANDLING GMBH
STILL GMBH
KOMATSU LTD.
KOMATSU AMERICA CORP.
KONECRANES PLC
LONKING HOLDINGS LTD.
MACNEILL ENGINEERING LTD.
MANITOU GROUP
MITSUBISHI FORKLIFT TRUCKS
CAT LIFT TRUCKS
MITSUBISHI CATERPILLAR FORKLIFT EUROPE B.V. (MCFE)
MITSUBISHI CATERPILLAR FORKLIFT AMERICA INC.
MITSUBISHI LOGISNEXT CO., LTD.
NET MAK METAL MAKINE SAN VE TIC LTD STI
NINGBO RUYI JOINT STOCK CO., LTD.
NORTHLAND INDUSTRIAL TRUCK COMPANY, INC. (NITCO)
OCTANE FORKLIFTS
PALETRANS EMPILHADEIRAS
PALFINGER AG
PROMAG SA
SINKOBE CO., LTD.
SROKA INC.
SUMITOMO NACCO FORKLIFT CO., LTD.
TAIPIIN INDUSTRY CO., LTD.
THE RAYMOND CORPORATION
TOYOTA INDUSTRIES CORPORATION
HOIST MATERIAL HANDLING, INC.
TAILIFT MATERIAL HANDLING TAIWAN CO., LTD.
TAILIFT MATERIAL HANDLING USA INC.
TOYOTA MATERIAL HANDLING USA INC.
GLOBAL POWER CO., LTD.
UNICARRIERS AMERICAS CORPORATION
ZHEJIANG GOODSENSE FORKLIFT CO., LTD.

Note: Product cover images may vary from those shown
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  • Aisle-Master
  • Anhui Heli Co., Ltd.
  • Anhui Teu Forklift Truck Co., Ltd.
  • Anhui Yufeng Warehousing Equipment Co.,Ltd.
  • Bhs Intralogistics Gmbh
  • Big Lift, Llc
  • Carer Forklifts
  • Cargotec Finland Oy - Kalmar
  • Cat Lift Trucks
  • Clark Material Handling Company
  • Combilift Material Handling Solutions
  • Corecon Inc.
  • Crown Equipment Corporation
  • Cvs Ferrari Srl
  • Doosan Corporation Industrial Vehicle
  • Doosan Industrial Vehicle America Corporation
  • Ep Equipment Co., Ltd.
  • Global Power Co., Ltd.
  • Godrej Material Handling
  • Guangxi Liugong Machinery Co., Ltd.
  • Hangcha Group Co., Ltd.
  • Hoist Material Handling, Inc.
  • Hubtex Maschinenbau Gmbh & Co. Kg
  • Hyster Company
  • Hyster-Yale Materials Handling Inc.
  • Hytsu Group
  • Hyundai Construction Equipment Americas, Inc.
  • Hyundai Construction Equipment Europe - Hyundai Material Handling
  • J C Bamford Excavators Ltd. (Jcb)
  • Jbt Corporation
  • Jost's Engineering Company Limited
  • Jungheinrich Ag
  • Kion Baoli (Jiangsu) Forklift Co., Ltd.
  • Kion Group Ag
  • Komatsu America Corp.
  • Komatsu Ltd.
  • Konecranes Plc
  • Linde Material Handling Gmbh
  • Liuzhou Liugong Forklift Co., Ltd.
  • Lonking Holdings Limited
  • Macneill Engineering Ltd.
  • Manitou Group
  • Mitsubishi Caterpillar Forklift America Inc.
  • Mitsubishi Caterpillar Forklift Europe B.V. (Mcfe)
  • Mitsubishi Forklift Trucks
  • Mitsubishi Logisnext Co., Ltd.
  • Net Mak Metal Makine San Ve Tic Ltd Sti
  • Ningbo Ruyi Joint Stock Co., Ltd.
  • Northland Industrial Truck Company, Inc. (Nitco)
  • Octane Forklifts
  • Paletrans Empilhadeiras
  • Palfinger Ag
  • Promag Sa
  • Sinkobe Co., Ltd.
  • Sroka Inc.
  • Still Gmbh
  • Sumitomo Nacco Forklift Co., Ltd.
  • Tailift Material Handling Taiwan Co., Ltd.
  • Tailift Material Handling Usa Inc.
  • Taipiin Industry Co., Ltd.
  • The Raymond Corporation
  • Toyota Industries Corporation
  • Toyota Material Handling Usa Inc.
  • Unicarriers Americas Corporation
  • Zhejiang Goodsense Forklift Co., Ltd.
Note: Product cover images may vary from those shown
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