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Forklift Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • ID: 5264067
  • Report
  • February 2021
  • Region: Global
  • 144 pages
  • IMARC Group

FEATURED COMPANIES

  • Godrej & Boyce
  • Jungheinrich
  • KION Group
  • MORE
The global forklift trucks market reached a value of US$ 54.7 Billion in 2020. A forklift truck is an industrial machine that consists of two horizontal prongs for loading, unloading and transporting goods and materials over short distances. It is usually operated by a trained machinist and is either powered by electric batteries or combustion engines. Forklift trucks consist of various components, such as truck frame, counterweight, forklift, carriage and hydraulic cylinders that aid in performing multiple industrial tasks efficiently. Owing to these benefits, they find extensive applications in warehouses, factories and dockyards across various industries, including automotive, aerospace, transportation, retail, manufacturing and construction.

Global Forklift Trucks Market Trends and Drivers:

The growing construction industry, along with rapid industrialization, is one of the key factors driving the growth of the market. Forklift trucks are highly economical, user-friendly, powerful and easy to maintain. As a result, they are widely used for performing various industrial tasks and handling heavy construction materials, such as wood, steel and mortar. Furthermore, an increasing number of warehouse establishments across the emerging economies is also providing a boost to the market growth. These trucks are utilized in the distribution centers and warehouses for laying and retrieving loads from storage racks, delivering components to assembly lines and positioning materials for further effective handling. Various product innovations, including the development of fuel cell-powered forklift trucks that can operate on hydrogen, are also creating a positive outlook for the market growth. These variants aid in reducing the carbon footprint significantly and enhancing the overall operational efficiency. Other factors, including technological advancements aimed at improving productivity and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, the publisher expects the global forklift trucks market to reach a value of US$ 72.9 Billion by 2026, exhibiting a CAGR of 4.51% during 2021-2026.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global forklift trucks market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, technology, class, application and region.

Breakup by Product Type:
  • Counterbalanced Forklift Trucks
  • Warehouse Forklift Trucks
Breakup by Technology:
  • Electricity Powered
  • Internal Combustion Engine Powered
Breakup by Class:
  • Class I
  • Class II
  • Class III
  • Class IV
  • Class V
Breakup by Application:
  • Non-Industrial
  • Warehouses and Distribution Centers
  • Construction Sites
  • Dockyards
  • Snow Plows
  • Industrial
  • Manufacturing
  • Recycling Operations
Breakup by Region:
  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Clark Material Handling Company, Crown Equipment Corporation, Godrej & Boyce, Hyster-Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd, Jungheinrich, KION Group, Mitsubishi Forklift Trucks, Toyota Industries Corporation, etc.

Key Questions Answered in This Report:
  • How has the global forklift trucks market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global forklift trucks market?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the class?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global forklift trucks market and who are the key players?
  • What is the degree of competition in the industry?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Godrej & Boyce
  • Jungheinrich
  • KION Group
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Forklift Trucks Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product Type
6.1 Counterbalanced Forklift Trucks
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Warehouse Forklift Trucks
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Technology
7.1 Electricity Powered
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Internal Combustion Engine Powered
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Class
8.1 Class I
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Class II
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Class III
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Class IV
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Class V
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Application
9.1 Non-Industrial
9.1.1 Market Trends
9.1.2 Major Types
9.1.2.1 Warehouses and Distribution Centers
9.1.2.2 Construction Sites
9.1.2.3 Dockyards
9.1.2.4 Snow Plows
9.1.3 Market Forecast
9.2 Industrial
9.2.1 Market Trends
9.2.2 Major Types
9.2.2.1 Manufacturing
9.2.2.2 Recycling Operations
9.2.3 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.1.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Clark Material Handling Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Crown Equipment Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Godrej & Boyce
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Hyster-Yale Materials Handling Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Hyundai Heavy Industries Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Jungheinrich
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 KION Group
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Mitsubishi Forklift Trucks
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Toyota Industries Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis

List of Figures
Figure 1: Global: Forklift Trucks Market: Major Drivers and Challenges
Figure 2: Global: Forklift Trucks Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Forklift Trucks Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Forklift Trucks Market: Breakup by Technology (in %), 2020
Figure 5: Global: Forklift Trucks Market: Breakup by Class (in %), 2020
Figure 6: Global: Forklift Trucks Market: Breakup by Application (in %), 2020
Figure 7: Global: Forklift Trucks Market: Breakup by Region (in %), 2020
Figure 8: Global: Forklift Trucks Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Forklift Trucks (Counterbalanced) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Forklift Trucks (Counterbalanced) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Forklift Trucks (Warehouse) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Forklift Trucks (Warehouse) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Forklift Trucks (Electricity Powered) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Forklift Trucks (Electricity Powered) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Forklift Trucks (Internal Combustion Engine Powered) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Forklift Trucks (Internal Combustion Engine Powered) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Forklift Trucks (Class I) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Forklift Trucks (Class I) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Forklift Trucks (Class II) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Forklift Trucks (Class II) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Forklift Trucks (Class III) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Forklift Trucks (Class III) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Forklift Trucks (Class IV) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Forklift Trucks (Class IV) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Forklift Trucks (Class V) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Forklift Trucks (Class V) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Forklift Trucks (Non-Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Forklift Trucks (Non-Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Forklift Trucks (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Forklift Trucks (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026`
Figure 35: Canada: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia Pacific: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Asia Pacific: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: China: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Germany: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Latin America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Brazil: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Forklift Trucks Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Global: Forklift Trucks Industry: SWOT Analysis
Figure 80: Global: Forklift Trucks Industry: Value Chain Analysis
Figure 81: Global: Forklift Trucks Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Forklift Trucks Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Forklift Trucks Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Forklift Trucks Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 4: Global: Forklift Trucks Market Forecast: Breakup by Class (in Million US$), 2021-2026
Table 5: Global: Forklift Trucks Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Forklift Trucks Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Forklift Trucks Market: Competitive Structure
Table 8: Global: Forklift Trucks Market: Key Players
Note: Product cover images may vary from those shown
  • Clark Material Handling Company
  • Crown Equipment Corporation
  • Godrej & Boyce
  • Hyster-Yale Materials Handling Inc.
  • Hyundai Heavy Industries Co. Ltd
  • Jungheinrich
  • KION Group
  • Mitsubishi Forklift Trucks
  • Toyota Industries Corporation
Note: Product cover images may vary from those shown

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