Industry Overview
The Forklift Truck is at 12Billion in 2023 and is expected to reach 25Billion by 2031. The Forklift Truck is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade. Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (United States), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (United Kingdom), The Raymond Corporation (United States), Anhui HELI Co., Ltd (China), Kalmar Global (Finland), and others are some of the key players in the market.Forklift Truck Market Size in (USD Billion) CAGR Growth Rate 15.00%
| Study Period | 2019-2031 |
| Market Size (2023): | 12Billion |
| Market Size (2031): | 25Billion |
| CAGR (2023 - 2031): | 15.00% |
| Fastest Growing Region | North America |
| Dominating Region | North America |
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A forklift is defined as a powerful tool that is used to lift and move materials over short distances. It is used in various applications such as factories, warehouses, stations, ports, airports, distribution centers and others. It is available in various types such as counterbalance forklift trucks, walkie trucks, reach trucks, off-road forklifts, truck, mounted forklifts, articulated trucks and others.
Key Players
Several key players in the Forklift Truck market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 12.00%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.- Komastu Ltd. (Japan)
- Toyota Industries Corporation (Japan)
- KION Group AG (Germany)
- Hyster-Yale Material handling Inc. (United States)
- Jungheinrich Group (Germany)
- Mitsubishi Nichiyu Forklift Corporation (Japan)
- Crown Equipment Corporation (United Kingdom)
- The Raymond Corporation (United States)
- Anhui HELI Co.
- Ltd (China)
- Kalmar Global (Finland)
Forklift Truck Market Segmentation by Players
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Market Dynamics
Market Driver- In The Last Few Years
- There Is A Significant Demand For A Forklift Truck. For Instance
- In 2019
- As Per An Article Published By World Integrated Trade Solution
- Shipments Of Forklift Trucks In The APAC Region Rise From 0.55 Million To 0.63 Million With An Increase Of Around 13.4%. Therefore
Market Trends
- Green energy forklifts
Opportunity
- Increasing Demand For Battery-Operated Forklifts
Challenges
- High Initial Cost
Key Highlights
- The Forklift Truck is growing at a 15.00% during the forecasted period of 2019 to 2031
- Based on type, the market is bifurcated into Electric forklifts, gas-powered forklifts, manual forklifts, reach trucks
- Based on application, the market is segmented into Warehousing, logistics, retail, manufacturing, construction
- Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Overview
- Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
- Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
- Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
- Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
- Distribution Channel Segmentation: categorizes by how products reach customers, optimizing supply chain and sales strategies.
Market Segmentation
Segmentation by Type
- Electric forklifts
- gas-powered forklifts
- manual forklifts
- reach trucks
Forklift Truck Market Segmentation by Type
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Segmentation by Application
- Warehousing
- logistics
- retail
- manufacturing
- construction
Forklift Truck Market Segmentation by Application
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This report also splits the market by region:
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
North America
Dominating Region
North America
Market Estimation Process
Primary & Secondary Approach
The Forklift Truck is analyzed by both primary and secondary research sources. There are numerous methodologies available to navigate and utilize these resources effectively:Surveys and Questionnaires: Getting feedback from healthcare professionals, patients, or any other stakeholders on a particular topic. It is a great method to collect quantitative data on behaviors, preferences, and/or experiences.
One on Ones: Interviews with key stakeholders, including physicians, nurses, and administrators can yield rich qualitative data. The interviews can be divided into structured, semi-structured, or unstructured.
Focus Groups: Pull together small numbers of people who share a common characteristic, trait, or behavior to discuss particular topics. Focus Groups: This offers qualitative data and points of view that are often overlooked, such as attitudes, perceptions, or other statements relating to a specific platform.
Observational Studies: Understanding healthcare practices and patient interactions in the way we do it can say a lot more than what people formally report doing.
Field Studies: This method allows researchers to collect data firsthand from healthcare settings, including hospitals, clinics, and even home. It is a way to touch and feel the context that drives service delivery in healthcare.
Secondary Research in Forklift Truck
Secondary research is a kind of revising, restructuring, and rethinking what has already been collected by primary sources. Such research is beneficial as long as it comes at a low cost and gives an overarching view of the market. Some of the important methods include:
Literature Review: To go through the research papers, articles, and studies published in medical journals, industry reports, and academic publications. This is crucial for understanding the study landscape and identifying knowledge deficits.
Reports From the Industry: It aims in examining reports published by Market Research firms, Healthcare Associations, and Government bodies. This report can also be used by all stakeholders including service providers and delivery chains across the world to identify market opportunities in an undetermined depth.
Public Health Records: Data collected by governments and public health authorities in different countries of the world from organizations with global reach like CDC, WHO, or national departments. These are important because they provide us with epidemiological data and numbers.
Company Reports: Read the annual reports, financial statements, and press releases of healthcare companies. It includes company performance reports, market strategies, and competitive positioning for this domain.
Online Databases: You understand the access to databases like PubMed, MEDLINE, and even Google Scholar for scientific articles and study materials. Some of these databases are treasure troves for peer-reviewed data.
Media Sources: Analyzing news articles, press releases, and media coverage related to the healthcare industry. This helps in staying updated on recent developments and emerging trends.
A blended approach of primary and secondary research methods allows researchers to collect well-rounded, solid data that informs the best decisions and strategies.
Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.Report Infographics:
| Report Features | Details |
| Base Year | 2023 |
| Based Year Market Size (2023) | 12Billion |
| Historical Period Market Size (2019) | 8Billion |
| CAGR (2023 to 2031) | 15.00% |
| Forecast Period | 2025 to 2031 |
| Forecasted Period Market Size (2031) | 25Billion |
| Scope of the Report | Electric forklifts, gas-powered forklifts, manual forklifts, reach trucks, Warehousing, logistics, retail, manufacturing, construction |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Year on Year Growth | 12.00% |
| Companies Covered | Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (United States), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (United Kingdom), The Raymond Corporation (United States), Anhui HELI Co., Ltd (China), Kalmar Global (Finland) |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Forklift Truck - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Forklift Truck Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Forklift Truck Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Forklift Truck Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 In the last few years
- 3.1.2 there is a significant demand for a forklift truck. For instance
- 3.1.3 in 2019
- 3.1.4 as per an article published by World Integrated Trade Solution
- 3.1.5 shipments of forklift trucks in the APAC region rise from 0.55 million to 0.63 million with an increase of around 13.4%. Therefore
-
3.2 Available Opportunities
- 3.2.1 Increasing Demand for Battery-Operated Forklifts
-
3.3 Influencing Trends
- 3.3.1 Green energy forklifts
- 3.3.2 automation in logistics
-
3.4 Challenges
- 3.4.1 High initial cost
- 3.4.2 maintenance requirements
- 3.5 Regional Dynamics
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Chapter 4 : Global Forklift Truck Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Forklift Truck Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Forklift Truck : Competition Benchmarking & Performance Evaluation
- 5.1 Global Forklift Truck Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Forklift Truck Revenue 2023
- 5.3 Global Forklift Truck Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Ansoff Matrix
- 5.6 FPNV Positioning Matrix
Chapter 6: Global Forklift Truck Market: Company Profiles
- 6.1 Komastu Ltd. (Japan)
- 6.1.1 Komastu Ltd. (Japan) Company Overview
- 6.1.2 Komastu Ltd. (Japan) Product/Service Portfolio & Specifications
- 6.1.3 Komastu Ltd. (Japan) Key Financial Metrics
- 6.1.4 Komastu Ltd. (Japan) SWOT Analysis
- 6.1.5 Komastu Ltd. (Japan) Development Activities
- 6.2 Toyota Industries Corporation (Japan)
- 6.3 KION Group AG (Germany)
- 6.4 Hyster-Yale Material Handling Inc. (United States)
- 6.5 Jungheinrich Group (Germany)
- 6.6 Mitsubishi Nichiyu Forklift Corporation (Japan)
- 6.7 Crown Equipment Corporation (United Kingdom)
- 6.8 The Raymond Corporation (United States)
- 6.9 Anhui HELI Co.
- 6.10 Ltd (China)
- 6.11 Kalmar Global (Finland)
- 6.12
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Chapter 7 : Global Forklift Truck by Type & Application (2019-2031)
-
7.1 Global Forklift Truck Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Electric Forklifts
- 7.1.2 Gas-powered Forklifts
- 7.1.3 Manual Forklifts
- 7.1.4 Reach Trucks
- 7.1.5 Pallet Trucks
-
7.2 Global Forklift Truck Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Warehousing
- 7.2.2 Logistics
- 7.2.3 Retail
- 7.2.4 Manufacturing
- 7.2.5 Construction
- 7.3 Global Forklift Truck Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Forklift Truck Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Forklift Truck Market Breakdown by Country, Type & Application
- 8.1 North America Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 8.2.1 Electric Forklifts
- 8.2.2 Gas-powered Forklifts
- 8.2.3 Manual Forklifts
- 8.2.4 Reach Trucks
- 8.2.5 Pallet Trucks
-
8.3 North America Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 8.3.1 Warehousing
- 8.3.2 Logistics
- 8.3.3 Retail
- 8.3.4 Manufacturing
- 8.3.5 Construction
- 8.4 North America Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 8.5 North America Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 8.6 North America Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM Forklift Truck Market Breakdown by Country, Type & Application
- 9.1 LATAM Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 9.2.1 Electric Forklifts
- 9.2.2 Gas-powered Forklifts
- 9.2.3 Manual Forklifts
- 9.2.4 Reach Trucks
- 9.2.5 Pallet Trucks
-
9.3 LATAM Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 9.3.1 Warehousing
- 9.3.2 Logistics
- 9.3.3 Retail
- 9.3.4 Manufacturing
- 9.3.5 Construction
- 9.4 LATAM Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 9.5 LATAM Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 9.6 LATAM Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Forklift Truck Market Breakdown by Country, Type & Application
- 10.1 West Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 10.2.1 Electric Forklifts
- 10.2.2 Gas-powered Forklifts
- 10.2.3 Manual Forklifts
- 10.2.4 Reach Trucks
- 10.2.5 Pallet Trucks
-
10.3 West Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 10.3.1 Warehousing
- 10.3.2 Logistics
- 10.3.3 Retail
- 10.3.4 Manufacturing
- 10.3.5 Construction
- 10.4 West Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 10.5 West Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 10.6 West Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Forklift Truck Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 11.2.1 Electric Forklifts
- 11.2.2 Gas-powered Forklifts
- 11.2.3 Manual Forklifts
- 11.2.4 Reach Trucks
- 11.2.5 Pallet Trucks
-
11.3 Central & Eastern Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 11.3.1 Warehousing
- 11.3.2 Logistics
- 11.3.3 Retail
- 11.3.4 Manufacturing
- 11.3.5 Construction
- 11.4 Central & Eastern Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 11.5 Central & Eastern Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 11.6 Central & Eastern Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Forklift Truck Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 12.2.1 Electric Forklifts
- 12.2.2 Gas-powered Forklifts
- 12.2.3 Manual Forklifts
- 12.2.4 Reach Trucks
- 12.2.5 Pallet Trucks
-
12.3 Northern Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 12.3.1 Warehousing
- 12.3.2 Logistics
- 12.3.3 Retail
- 12.3.4 Manufacturing
- 12.3.5 Construction
- 12.4 Northern Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 12.5 Northern Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 12.6 Northern Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Forklift Truck Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 13.2.1 Electric Forklifts
- 13.2.2 Gas-powered Forklifts
- 13.2.3 Manual Forklifts
- 13.2.4 Reach Trucks
- 13.2.5 Pallet Trucks
-
13.3 Southern Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 13.3.1 Warehousing
- 13.3.2 Logistics
- 13.3.3 Retail
- 13.3.4 Manufacturing
- 13.3.5 Construction
- 13.4 Southern Europe Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 13.5 Southern Europe Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 13.6 Southern Europe Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Forklift Truck Market Breakdown by Country, Type & Application
- 14.1 East Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 14.2.1 Electric Forklifts
- 14.2.2 Gas-powered Forklifts
- 14.2.3 Manual Forklifts
- 14.2.4 Reach Trucks
- 14.2.5 Pallet Trucks
-
14.3 East Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 14.3.1 Warehousing
- 14.3.2 Logistics
- 14.3.3 Retail
- 14.3.4 Manufacturing
- 14.3.5 Construction
- 14.4 East Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 14.5 East Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 14.6 East Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Forklift Truck Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 15.2.1 Electric Forklifts
- 15.2.2 Gas-powered Forklifts
- 15.2.3 Manual Forklifts
- 15.2.4 Reach Trucks
- 15.2.5 Pallet Trucks
-
15.3 Southeast Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 15.3.1 Warehousing
- 15.3.2 Logistics
- 15.3.3 Retail
- 15.3.4 Manufacturing
- 15.3.5 Construction
- 15.4 Southeast Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 15.5 Southeast Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 15.6 Southeast Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Forklift Truck Market Breakdown by Country, Type & Application
- 16.1 South Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 16.2.1 Electric Forklifts
- 16.2.2 Gas-powered Forklifts
- 16.2.3 Manual Forklifts
- 16.2.4 Reach Trucks
- 16.2.5 Pallet Trucks
-
16.3 South Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 16.3.1 Warehousing
- 16.3.2 Logistics
- 16.3.3 Retail
- 16.3.4 Manufacturing
- 16.3.5 Construction
- 16.4 South Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 16.5 South Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 16.6 South Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Forklift Truck Market Breakdown by Country, Type & Application
- 17.1 Central Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 17.2.1 Electric Forklifts
- 17.2.2 Gas-powered Forklifts
- 17.2.3 Manual Forklifts
- 17.2.4 Reach Trucks
- 17.2.5 Pallet Trucks
-
17.3 Central Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 17.3.1 Warehousing
- 17.3.2 Logistics
- 17.3.3 Retail
- 17.3.4 Manufacturing
- 17.3.5 Construction
- 17.4 Central Asia Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 17.5 Central Asia Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 17.6 Central Asia Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Forklift Truck Market Breakdown by Country, Type & Application
- 18.1 Oceania Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 18.2.1 Electric Forklifts
- 18.2.2 Gas-powered Forklifts
- 18.2.3 Manual Forklifts
- 18.2.4 Reach Trucks
- 18.2.5 Pallet Trucks
-
18.3 Oceania Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 18.3.1 Warehousing
- 18.3.2 Logistics
- 18.3.3 Retail
- 18.3.4 Manufacturing
- 18.3.5 Construction
- 18.4 Oceania Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 18.5 Oceania Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 18.6 Oceania Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Forklift Truck Market Breakdown by Country, Type & Application
- 19.1 MEA Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 19.2.1 Electric Forklifts
- 19.2.2 Gas-powered Forklifts
- 19.2.3 Manual Forklifts
- 19.2.4 Reach Trucks
- 19.2.5 Pallet Trucks
-
19.3 MEA Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 19.3.1 Warehousing
- 19.3.2 Logistics
- 19.3.3 Retail
- 19.3.4 Manufacturing
- 19.3.5 Construction
- 19.4 MEA Forklift Truck Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 19.5 MEA Forklift Truck Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 19.6 MEA Forklift Truck Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Forklift Truck market may reach an estimated size of 25Billion by 2031.
According to the report,the Forklift Truck Industry size is projected to reach 25Billion, exhibiting a CAGR of 15.00% by 2031.
The changing dynamics and trends such as Green Energy Forklifts, Automation In Logistics are seen as major Game Changer in Global Forklift Truck Market.
The leaders in the Global Forklift Truck Market such as Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (United States), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (United Kingdom), The Raymond Corporation (United States), Anhui HELI Co., Ltd (China), Kalmar Global (Finland), are targeting innovative and differentiated growth drivers some of them are In The Last Few Years, There Is A Significant Demand For A Forklift Truck. For Instance, In 2019, As Per An Article Published By World Integrated Trade Solution, Shipments Of Forklift Trucks In The APAC Region Rise From 0.55 Million To 0.63 Million With An Increase Of Around 13.4%. Therefore, It Will Drive The Market Growth.
As Industry players prepare to scale up, Forklift Truck Market sees major concern such as High Initial Cost, Maintenance Requirements.
The market opportunity is clear from the flow of investment into Global Forklift Truck Market, some of them are Increasing Demand For Battery-Operated Forklifts.
Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (United States), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (United Kingdom), The Raymond Corporation (United States), Anhui HELI Co., Ltd (China), Kalmar Global (Finland), are the major operating companies profiled in Forklift Truck market study.
The Global Forklift Truck Market Study is Broken down by applications such as Warehousing, logistics, retail, manufacturing, construction.
The Global Forklift Truck Market Study is segmented by Electric forklifts, gas-powered forklifts, manual forklifts, reach trucks, pallet trucks.
The Global Forklift Truck Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2031
A forklift is defined as a powerful tool that is used to lift and move materials over short distances. It is used in various applications such as factories, warehouses, stations, ports, airports, distribution centers and others. It is available in various types such as counterbalance forklift trucks, walkie trucks, reach trucks, off-road forklifts, truck, mounted forklifts, articulated trucks and others.
