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Forklift Truck Market by Product Type (Warehouse and Counterbalance), Engine Power (IC Engine Power and Electric Power), End User (Retail & Whole Sale, Logistic, Automotive, Food Industry, and Others industry), and Class (Class I, Class II, Class III, Class IV, and Class V) - Global Opportunity Analysis and Industry Forecast, 2014-2022
Update Available On-Demand

Freight & Logistics
AU_17596
Pages: 120
Jan 2017 | 11561 Views
 
Author(s) : Komal Sharma
Tables: 30
Charts: 49
 

Forklift Truck Market Overview:

Global forklift truck market is expected to reach $51 billion by 2022, growing at a CAGR of 6.6% from 2014 to 2022. Forklift trucks, also referred to as lift trucks, are vehicles utilized to transfer goods over a short distance. Forklifts are largely used in manufacturing industries and warehousing operations. The need for a machine or equipment that can maneuver heavy goods with ease to various locations is a prime reason that drives this market. Other factors such as increase in productivity, reduced injuries & accidents along with operator comfort are major factors the supplement the market growth. This report provides a detailed analysis about the global forklift truck market, current and projected trends, along with the market potential. It also analyzes opportunities in developed and emerging economies to facilitate companies to take strategic decisions and gain a competitive edge. 

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Market Segmentation

The forklift truck market is segmented on basis of product type, engine power, end user, class, and geography. The class segment is further divided into class I (electric motor rider trucks), class II (electric motor narrow aisle trucks), class III (electric motor hand trucks), class IV (internal combustion engine trucks (solid/cushion tires)), class V (electric and internal combustion engine tractors), and class VI (rough terrain forklift trucks). By product type, the market is classified into warehouse and counterbalance. Based on end user, it is categorized into retail & wholesale, logistics, automotive and electrical engineering, food industry, and other industries (chemical, timber, and paper & print industry). By power source, it is bifurcated into internal combustion and electric power. Geographically, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

 

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Challenges for Global Forklift Truck Market

Limited Number of Suppliers for Particular Components

Forklift truck OEM depends on a limited number of suppliers for critical components that are used in different types of trucks such as diesel, gasoline, and alternative fuel engine. Few of these critical components are imported and subjected for regulation, primarily with respect to usual inspection of such products by the U.S. customs. The result of operation is expected to adversely affect if the company is unable to obtain these critical components. The cost of component is expected to increase in the future owing to regulatory compliance.

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Forklift trucks are classified by class into class I, class II, class III, and class IV, and class V. Class IV and class V are major classes of forklift trucks. In 2015, class V accounted for nearly 35% of the total class of forklift truck market as it impacts numerous parameters of the forklift truck, followed by other classes. Thus, this factor is expected to increase the demand for class V during the forecast period. 

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Key Benefits

  • The report includes an extensive analysis of the factors that drive as well as restrain the global forklift market.
  • Market projections from 2014 to 2022 are included along with the affecting factors.
  • The report also presents quantitative as well as qualitative trends to assist the stakeholders to understand the prevailing market situations.
  • An in-depth analysis of key segments demonstrates the stakeholders with different classes and end users of forklift trucks.
  • Competitive intelligence highlights the business practices followed by leading market players across various geographies.

Global Forklift Truck Market Key Segments

By Product Type

  • Warehouse
  • Counterbalance

By Engine Power

  • IC Engine Power
  • Electric Power

By End User

  • Retail & Wholesale
  • Logistics
  • Automotive
  • Food Industry
  • Others

By Class

  • Class I
  • Class II
  • Class III
  • Class IV
  • Class V

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Taiwan
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

 

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 MARKET OVERVIEW

2.1. MARKET DEFINITION AND SCOPE
2.2. KEY FINDINGS

2.2.1. Top impacting factors
2.2.2. Top winning strategies
2.2.3. Top investment pockets

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. Bargaining power of suppliers
2.3.2. Bargaining power of buyers
2.3.3. Threat of substitutes
2.3.4. Threat of new entrants
2.3.5. Intensity of competitive rivalry

2.4. MARKET SHARE ANALYSIS, 2015
2.5. MARKET DYNAMICS

2.5.1. Drivers

2.5.1.1. Expansion of warehouse space globally
2.5.1.2. Growth in e-commerce business
2.5.1.3. Development of manufacturing industry

2.5.2. Restraints

2.5.2.1. Cyclic nature of lift truck business
2.5.2.2. Limited number of suppliers for particular components

2.5.3. Opportunity

2.5.3.1. Rise in adoption of green logistics solutions

2.6. VENDOR LISTING OF FORKLIFT TRUCK MANUFACTURERS

CHAPTER 3 EXECUTIVE SUMMARY

3.1. CXO PERSPECTIVE

CHAPTER 4 FORKLIFT TRUCK MARKET,  BY CLASS

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. ELECTRIC MOTOR RIDER TRUCKS (CLASS 1)

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. ELECTRIC MOTOR NARROW AISLE TRUCKS (CLASS 2)

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. ELECTRIC MOTOR HAND TRUCKS (CLASS 3)

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

4.5. INTERNAL COMBUSTION ENGINE TRUCKS (SOLID/CUSHION TRUCKS) (CLASS 4)

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast

4.6. ELECTRIC & INTERNAL COMBUSTION ENGINE TRACTORS (CLASS 5)

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast

CHAPTER 5 FORKLIFT TRUCK MARKET,  BY POWER SOURCE

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. INTERNAL COMBUSTION ENGINE POWER

5.2.1. Introduction
5.2.2. Key market trends, growth factors, and opportunities
5.2.3. Market size and forecast

5.3. ELECTRIC-POWERED ENGINE

5.3.1. Introduction
5.3.2. Key market trends, growth factors, and opportunities
5.3.3. Market size and forecast

CHAPTER 6 FORKLIFT TRUCK MARKET,  BY END USER

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. RETAIL & WHOLESALE

6.2.1. Introduction
6.2.2. Key market trends, growth factors, and opportunities
6.2.3. Market size and forecast

6.3. LOGISTICS

6.3.1. Introduction
6.3.2. Key market trends, growth factors, and opportunities
6.3.3. Market size and forecast

6.4. AUTOMOTIVE

6.4.1. Introduction
6.4.2. Key market trends, growth factors, and opportunities
6.4.3. Market size and forecast

6.5. FOOD INDUSTRY

6.5.1. Introduction
6.5.2. Key market trends, growth factors, and opportunities
6.5.3. Market size and forecast

6.6. OTHERS

6.6.1. Introduction
6.6.2. Key market trends, growth factors, and opportunities
6.6.3. Market size and forecast

CHAPTER 7 FORKLIFT TRUCK MARKET,  BY PRODUCT TYPE

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. WAREHOUSING EQUIPMENT

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast

7.3. INTERNAL COMBUSTION ENGINE-POWERED COUNTERBALANCE TRUCKS

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast

CHAPTER 8 COMPANY PROFILES

8.1. ANHUI FORKLIFT GROUP CO., LTD.

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments

8.2. CROWN EQUIPMENT CORPORATION

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Key strategic moves and developments, 2014-2016

8.3. HANGCHA GROUP CO., LTD

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Key strategic moves and developments, 2014-2016

8.4. HYSTER-YALE MATERIAL HANDLING, INC.

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments, 2014-2016

8.5. JUNGHEINRICH AG

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments, 2014-2016

8.6. KION GROUP AG

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments, 2014-2016

8.7. KOMATSU LTD.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance

8.8. MITSUBISHI NICHIYU FORKLIFT CO., LTD.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments, 2014–2017

8.9. TOYOTA INDUSTRIES CORPORATION

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments, 2014-2016

LIST OF TABLES

TABLE 1. VENDOR LISTING OF FORKLIFT TRUCK MANUFACTURERS
TABLE 2. GLOBAL FORKLIFT TRUCK MARKET, BY CLASS, 2014-2022 ($MILLION)
TABLE 3. FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR RIDER TRUCKS,  BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4. FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR NARROW AISLE TRUCKS,  BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5. FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR HAND TRUCKS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6. FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE TRUCKS,  BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7. FORKLIFT TRUCK MARKET FOR ELECTRIC & INTERNAL COMBUSTION ENGINE TRACTORS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8. GLOBAL FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2014-2022 ($MILLION)
TABLE 9. FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE POWER,  BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10. FORKLIFT TRUCK MARKET FOR ELECTRIC-POWERED ENGINE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11. GLOBAL FORKLIFT TRUCK MARKET, BY END USER, 2014-2022 ($MILLION)
TABLE 12. FORKLIFT TRUCK MARKET FOR RETAIL & WHOLESALE INDUSTRY,  BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 13. FORKLIFT MARKET FOR LOGISTICS INDUSTRY, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14. FORKLIFT TRUCK MARKET FOR AUTOMOTIVE INDUSTRY, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 15. FORKLIFT TRUCK MARKET FOR FOOD INDUSTRY, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 16. FORKLIFT TRUCK MARKET FOR OTHER INDUSTRIES, BY GEOGRAPHY,  2014-2022 ($MILLION)
TABLE 17. GLOBAL FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 18. FORKLIFT TRUCK MARKET FOR WAREHOUSING EQUIPMENT, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 19. FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE-POWERED COUNTERBALANCE TRUCKS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 20. AFG: COMPANY SNAPSHOT
TABLE 21. AFG: OPERATING SEGMENTS
TABLE 22. CROWN: COMPANY SNAPSHOT
TABLE 23. CROWN: OPERATING SEGMENTS
TABLE 24. HANGCHA GROUP: COMPANY SNAPSHOT
TABLE 25. HANGCHA GROUP: OPERATING SEGMENTS
TABLE 26. HYSTER-YALE: COMPANY SNAPSHOT
TABLE 27. HYSTER-YALE: OPERATING SEGMENTS
TABLE 28. HYSTER-YALE: PRODUCT PORTFOLIO
TABLE 29. JUNGHEINRICH: COMPANY SNAPSHOT
TABLE 30. JUNGHEINRICH: OPERATING SEGMENTS
TABLE 31. JUNGHEINRICH: PRODUCT PORTFOLIO
TABLE 32. KION GROUP: COMPANY SNAPSHOT
TABLE 33. KION GROUP: OPERATING SEGMENTS
TABLE 34. KION GROUP: PRODUCT PORTFOLIO
TABLE 35. KOMATSU: COMPANY SNAPSHOT
TABLE 36. KOMATSU: OPERATING SEGMENTS
TABLE 37. KOMATSU: PRODUCT PORTFOLIO
TABLE 38. NICHIYU: COMPANY SNAPSHOT
TABLE 39. NICHIYU: OPERATING SEGMENTS
TABLE 40. TOYOTA INDUSTRIES: COMPANY SNAPSHOT
TABLE 41. TOYOTA INDUSTRIES: OPERATING SEGMENTS
TABLE 42. TOYOTA INDUSTRIES: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION  (2013–2016)
FIGURE 4. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 5. TOP INVESTMENT POCKETS, BY END USER
FIGURE 6. PORTER’S FIVE FORCES ANALYSIS
FIGURE 7. MARKET SHARE ANALYSIS, 2015
FIGURE 8. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR RIDER TRUCKS, 2015 & 2022 (%)
FIGURE 9. GLOBAL FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR RIDER TRUCKS, 2014-2022 ($MILLION)
FIGURE 10. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR NARROW AISLE TRUCKS, 2015 & 2022 (%)
FIGURE 11. GLOBAL FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR NARROW AISLE TRUCKS, 2014-2022 ($MILLION)
FIGURE 12. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT MARKET FOR ELECTRIC MOTOR HAND TRUCKS, 2015 & 2022 (%)
FIGURE 13. GLOBAL FORKLIFT TRUCK MARKET FOR ELECTRIC MOTOR HAND TRUCKS, 2014-2022 ($MILLION)
FIGURE 14. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE TRUCKS, 2015 & 2022 (%)
FIGURE 15. GLOBAL FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE TRUCKS, 2014-2022 ($MILLION)
FIGURE 16. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR ELECTRIC & INTERNAL COMBUSTION ENGINE TRACTORS, 2015 & 2022 (%)
FIGURE 17. GLOBAL FORKLIFT TRUCK MARKET FOR ELECTRIC & INTERNAL COMBUSTION ENGINE TRACTORS, 2014-2022 ($MILLION)
FIGURE 18. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE POWER, 2015 & 2022 (%)
FIGURE 19. GLOBAL FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE POWER, 2014-2022 ($MILLION)
FIGURE 20. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR ELECTRIC-POWERED ENGINE, 2015 & 2022 (%)
FIGURE 21. GLOBAL FORKLIFT TRUCK MARKET FOR ELECTRIC-POWERED ENGINE,  2014-2022 ($MILLION)
FIGURE 22. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT MARKET FOR RETAIL & WHOLESALE INDUSTRY, 2015 & 2022 (%)
FIGURE 23. GLOBAL FORKLIFT TRUCK MARKET FOR RETAIL & WHOLESALE INDUSTRY, 2014-2022 ($MILLION)
FIGURE 24. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR LOGISTICS INDUSTRY, 2015 & 2022 (%)
FIGURE 25. GLOBAL FORKLIFT TRUCK MARKET FOR LOGISTICS INDUSTRY, 2014-2022 ($MILLION)
FIGURE 26. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR AUTOMOTIVE INDUSTRY, 2015 & 2022 (%)
FIGURE 27. GLOBAL FORKLIFT TRUCK MARKET FOR AUTOMOTIVE INDUSTRY, 2014-2022 ($MILLION)
FIGURE 28. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR FOOD INDUSTRY, 2015 & 2022 (%)
FIGURE 29. GLOBAL FORKLIFT TRUCK MARKET FOR FOOD INDUSTRY, 2014-2022 ($MILLION)
FIGURE 30. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR OTHER INDUSTRIES, 2015 & 2022 (%)
FIGURE 31. GLOBAL FORKLIFT TRUCK MARKET FOR OTHER INDUSTRIES, 2014-2022 ($MILLION)
FIGURE 32. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT MARKET FOR WAREHOUSING EQUIPMENT, 2015 & 2022 (%)
FIGURE 33. GLOBAL FORKLIFT TRUCK MARKET FOR WAREHOUSING EQUIPMENT, 2014-2022 ($MILLION)
FIGURE 34. COMPARATIVE REGIONAL SHARE ANALYSIS OF FORKLIFT MARKET FOR INTERNAL COMBUSTION ENGINE-POWERED COUNTERBALANCE TRUCKS,  2015 & 2022 (%)
FIGURE 35. GLOBAL FORKLIFT TRUCK MARKET FOR INTERNAL COMBUSTION ENGINE-POWERED COUNTERBALANCE TRUCKS, 2014-2022 ($MILLION)
FIGURE 36. HYSTER-YALE: REVENUE, 2013-2015 ($MILLION)
FIGURE 37. HYSTER-YALE: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 38. HYSTER-YALE: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 39. JUNGHEINRICH: REVENUE, 2013-2015 ($MILLION)
FIGURE 40. JUNGHEINRICH: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 41. JUNGHEINRICH: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 42. KION GROUP: REVENUE, 2014-2016 ($MILLION)
FIGURE 43. KION GROUP: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 44. KION GROUP: REVENUE SHARE, BY GEOGRAPHY, 2016 (%)
FIGURE 45. KOMATSU: REVENUE, 2013-2015 ($MILLION)
FIGURE 46. NICHIYU: REVENUE, 2013-2015 ($MILLION)
FIGURE 47. NICHIYU: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 48. TOYOTA INDUSTRIES: REVENUE, 2014-2016 ($MILLION)
FIGURE 49. TOYOTA INDUSTRIES: REVENUE SHARE BY SEGMENT, 2016 (%)

 
 

The forklift truck market is in its growth stage; however, its contribution to the global market is expected to increase significantly within the next seven years. Recent innovations, which incorporate high efficiency and accuracy in warehouses/e-business, enable the technology to reach a wider segment of the audience. Numerous players are entering this market with innovative products. Emerging technology, such as development of electric forklift trucks and lithium-ion battery forklift trucks, is expected to increase the competition in the future.

Ongoing advancements in forklift trucks owing to innovative efforts have further enhanced the efficiency of these trucks. The competitive advantages of electric forklift trucks over IC engine forklift truck alternatives are described in the report. Rise in adoption of forklift trucks in warehouse spaces drives the market growth. Forklift trucks are used in warehousing area to move goods and place heavy pallets into the pallet rack. Warehouses for different sectors such as automotive & food industry are increasing at a notable rate, thereby resulting in high demand for forklift trucks. Therefore, increase in demand for electric forklift truck and strong government support are projected to propel the market growth ahead as well.

 

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