The global Forklift market, which accrued nearly 17.12 (USD Billion) in 2019, is set to record the CAGR of nearly 2.45% over the period from 2020 to 2026. The report offers assessment and analysis of the Forklift market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Introduction
Forklift, which is also referred as lift truck or forklift truck, is a type of industrial truck that is utilized to lift & move substances over short distances. Furthermore, the equipment was produced in early twentieth century. Today, the usage & development of forklift have expanded globally. Forklift has become a key equipment of utility in production & warehousing activities.
Moreover, forklifts are heavy duty electric lift trucks and are extensively utilized to lift as well as transport heavy products like container goods and crates over a minimal distance. They are massively utilized in dockyards, warehousing functionalities, and recycling functions for performing loading as well as unloading of products from vehicles. It also moved packaged goods cross the storage area. Apparently, forklift is driven by electrical battery & internal combustion engines.
Market Growth Dynamics
Massive acceptance of online shopping among the end-users and huge funding of major players in the retail sector for production of the equipment will steer the market expansion over the forthcoming years. Technological breakthroughs for enhancing the output in the manufacturing sector will push the growth of the business during the estimated timeline. Apart from this, rise in the ecommerce activities and thriving logistics & warehousing sector will contribute sizably towards the market size in the ensuing timespan.
Furthermore, surge in construction activities along will infrastructural funding will prop up the growth of the market over the forecasting years. Strict emission laws will steer the need for electrical forklifts & battery-driven forklifts in the years ahead.
Asia Pacific Market To Contribute Sizable Revenue During Forecast Period
The growth of the market in Asia Pacific during forecast timespan is due to surge in the forklift sales. Apart from this, requirement for secured working conditions in myriad industries along with growing necessity for proficient & automated material handling of products in the building & construction sector will propel the demand for forklift trucks in the Asia Pacific zone. This, in turn, will expedite the business scope in the region over the estimated timeframe.
Key players in the forklift industry include KION Group AG, Mitsubishi Nichiyu Forklift Co., Ltd., Hyundai Heavy Industries, Jungheinrich AG, Toyota Industries Corporation, Doosan Industrial Vehicle America Corp., Crown Equipment Corporation, Anhui HELI Co. Limited, Clark Material Handling Company, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., Komatsu Ltd., UniCarriers Americas, Lonking Holdings Limited, and Combilift.
The global forklift market is segmented as follows:
By class:
By tonnage capacity:
By application:
By fuel type:
By Region
Introduction
Forklift, which is also referred as lift truck or forklift truck, is a type of industrial truck that is utilized to lift & move substances over short distances. Furthermore, the equipment was produced in early twentieth century. Today, the usage & development of forklift have expanded globally. Forklift has become a key equipment of utility in production & warehousing activities.
Moreover, forklifts are heavy duty electric lift trucks and are extensively utilized to lift as well as transport heavy products like container goods and crates over a minimal distance. They are massively utilized in dockyards, warehousing functionalities, and recycling functions for performing loading as well as unloading of products from vehicles. It also moved packaged goods cross the storage area. Apparently, forklift is driven by electrical battery & internal combustion engines.
Market Growth Dynamics
Massive acceptance of online shopping among the end-users and huge funding of major players in the retail sector for production of the equipment will steer the market expansion over the forthcoming years. Technological breakthroughs for enhancing the output in the manufacturing sector will push the growth of the business during the estimated timeline. Apart from this, rise in the ecommerce activities and thriving logistics & warehousing sector will contribute sizably towards the market size in the ensuing timespan.
Furthermore, surge in construction activities along will infrastructural funding will prop up the growth of the market over the forecasting years. Strict emission laws will steer the need for electrical forklifts & battery-driven forklifts in the years ahead.
Asia Pacific Market To Contribute Sizable Revenue During Forecast Period
The growth of the market in Asia Pacific during forecast timespan is due to surge in the forklift sales. Apart from this, requirement for secured working conditions in myriad industries along with growing necessity for proficient & automated material handling of products in the building & construction sector will propel the demand for forklift trucks in the Asia Pacific zone. This, in turn, will expedite the business scope in the region over the estimated timeframe.
Key players in the forklift industry include KION Group AG, Mitsubishi Nichiyu Forklift Co., Ltd., Hyundai Heavy Industries, Jungheinrich AG, Toyota Industries Corporation, Doosan Industrial Vehicle America Corp., Crown Equipment Corporation, Anhui HELI Co. Limited, Clark Material Handling Company, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., Komatsu Ltd., UniCarriers Americas, Lonking Holdings Limited, and Combilift.
The global forklift market is segmented as follows:
By class:
- Class 1
- Class 2
- Class 3
- Class 4 & 5 & 5
By tonnage capacity:
- Less than 5 ton
- 5–10 ton
- 11–36 ton
- More than 36 ton
By application:
- Freight & logistics
- Manufacturing
- Wholesale & Retail distribution
- Others
By fuel type:
- Battery-Electric
- Diesel
- Gasoline & LPG/CNG
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Contents
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Source
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Forklift Market , 2016–2026(USD Billion)
- 2.2. Forklift Market : Snapshot
- Chapter 3. Global Forklift Market – Industry Analysis
- 3.1. Forklift Market : Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Massive acceptance of online shopping among the end-users and huge funding of major players in the retail sector for production of the equipment, thereby steering the market trends.
- 3.2.2. Surge in construction activities along will infrastructural funding will prop up the growth of the market over 2020-2026.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Class
- 3.4.2. Market attractiveness analysis By Tonnage Capacity
- 3.4.3. Market attractiveness analysis By Application
- 3.4.4. Market attractiveness analysis By Fuel Type
- Chapter 4. Global Forklift Market – Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Forklift Market : company market share, 2019
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launches
- 4.2.3. Agreements, partnerships, collaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Forklift Market – Class Analysis
- 5.1. Global Forklift Market overview: By Class
- 5.1.1. Global Forklift Market share, By Class, 2019 and 2026
- 5.2. Class 1
- 5.2.1. Global Forklift Market By Class 1, 2016–2026(USD Billion)
- 5.3. Class 2
- 5.3.1. Global Forklift Market By Class 2, 2016–2026(USD Billion)
- 5.4. Class 3
- 5.4.1. Global Forklift Market By Class 3, 2016–2026(USD Billion)
- 5.5. Class 4 & 5
- 5.5.1. Global Forklift Market By Class 4 & 5, 2016–2026(USD Billion)
- 5.1. Global Forklift Market overview: By Class
- Chapter 6. Global Forklift Market – Tonnage Capacity Analysis
- 6.1. Global Forklift Market overview: By Tonnage Capacity
- 6.1.1. Global Forklift Market share, By Tonnage Capacity , 2019 and 2026
- 6.2. 5 Ton
- 6.2.1. Global Forklift Market By 5 Ton, 2016–2026(USD Billion)
- 6.3. 5–10 Ton
- 6.3.1. Global Forklift Market By 5–10 Ton, 2016–2026(USD Billion)
- 6.4. 11–36 Ton
- 6.4.1. Global Forklift Market By 11–36 Ton, 2016–2026(USD Billion)
- 6.5. More Than 36 Ton
- 6.5.1. Global Forklift Market By More Than 36 Ton, 2016–2026(USD Billion)
- 6.1. Global Forklift Market overview: By Tonnage Capacity
- Chapter 7. Global Forklift Market – Application Analysis
- 7.1. Global Forklift Market overview: By Application
- 7.1.1. Global Forklift Market share, By Application, 2019 and 2026
- 7.2. Whulesale & Retail Distribution
- 7.2.1. Global Forklift Market By Whulesale & Retail Distribution, 2016–2026(USD Billion)
- 7.3. Manufacturing
- 7.3.1. Global Forklift Market By Manufacturing, 2016–2026(USD Billion)
- 7.4. Freight & Logistics
- 7.4.1. Global Forklift Market By Freight & Logistics, 2016–2026(USD Billion)
- 7.5. Others
- 7.5.1. Global Forklift Market By Others, 2016–2026(USD Billion)
- 7.1. Global Forklift Market overview: By Application
- Chapter 8. Global Forklift Market – Fuel Type Analysis
- 8.1. Global Forklift Market overview: By Fuel Type
- 8.1.1. Global Forklift Market share, By Fuel Type , 2019 and 2026
- 8.2. Battery-Electric
- 8.2.1. Global Forklift Market By Battery-Electric, 2016–2026(USD Billion)
- 8.3. Diesel
- 8.3.1. Global Forklift Market By Diesel, 2016–2026(USD Billion)
- 8.4. Gasuline & LPG/CNG
- 8.4.1. Global Forklift Market By Gasuline & LPG/CNG, 2016–2026(USD Billion)
- 8.1. Global Forklift Market overview: By Fuel Type
- Chapter 9. Company Profiles
- 9.1. Jungheinrich AG
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Toyota Industries Corporation
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Crown Equipment Corporation
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. KION Group AG
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. Hyster-Yale Materials Handling, Inc.
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Development
- 9.6. Mitsubishi Nichiyu Forklift Co., Ltd.
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Development
- 9.7. Komatsu Ltd.
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Development
- 9.8. UniCarriers Americas
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Development
- 9.9. Lonking Huldings Limited
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Development
- 9.10. Anhui HELI Co. Ltd.
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Development
- 9.11. Hangcha Group Co., Ltd.
- 9.11.1. Overview
- 9.11.2. Financials
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategy
- 9.11.5. Recent Development
- 9.12. Clark Material Handling Company
- 9.12.1. Overview
- 9.12.2. Financials
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategy
- 9.12.5. Recent Development
- 9.13. Doosan Industrial Vehicle America Corp.
- 9.13.1. Overview
- 9.13.2. Financials
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategy
- 9.13.5. Recent Development
- 9.14. Hyundai Heavy Industries
- 9.14.1. Overview
- 9.14.2. Financials
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategy
- 9.14.5. Recent Development
- 9.15. Combilift
- 9.15.1. Overview
- 9.15.2. Financials
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategy
- 9.15.5. Recent Development
- 9.1. Jungheinrich AG
