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Forklift Truck Market by Power Source(IC Engine Powered and Electric Powered), Class (Class 1, Class 2, Class 3, Class 4, Class 5, and Others) and End Use (Retail & Wholesale, Logistics, Automotive, Food Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A00482 | Pages: 229 | Mar 2021 | 26597 Views | | |
| Author(s) : Akshay Jadhav , Sonia Mutreja | Tables: 107 | Charts: 67 | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !Forklift Truck Market Statistics 2021-2027:
The global forklift truck market size was valued at $45.01 billion in 2019 and is projected to reach $81.40 billion by 2027, registering a CAGR of 7.3% from 2020 to 2027. Asia-Pacific accounted for the highest share in the global forklift truck market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the forklift truck market forecast.
The outbreak of COVID-19 pandemic has led to several forklift manufacturers to either suspend or significantly reduce their production capacity to limit the spread of the virus. Automotive, manufacturing, logistics, materials handling among others companies shut down their plants, owing to the governments of various countries imposed strict lockdown measures. Due to these factors, there has been a shortage of demand for forklift trucks in various countries. Furthermore, disruptions in the supply chain are expected due to border closures and traffic delays.
COVID Impact Analysis: The outbreak of COVID-19 pandemic has led to several forklift manufacturers to either suspend or significantly reduce their production capacity to limit the spread of the virus.
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Automotive, manufacturing, logistics, materials handling among others companies shut down their plants, owing to the governments of various countries imposed strict lockdown measures. Due to these factors, there has been a shortage of demand for forklift trucks in various countries. Furthermore, disruptions in the supply chain are expected due to border closures and traffic delays.
Forklift trucks are powerful, heavy-duty electric lift trucks are widely used to lift and transfer heavy materials, such as container goods, crates, and other such components, over a short distance. These trucks are majorly used in dockyards, warehousing operations, and recycling operations to perform functions such as loading & unloading goods from vehicles and moving packed goods around the storage area. In addition, forklift is generally powered by electric battery or internal combustion engines. In addition, by weight and specifications, forklifts are classified into various classes such as class1, class 2, class 3, class 4, and others. Moreover, these vehicles are used with variety of attachments such as platforms and grippers for efficient handling of goods and for reducing operation cost.
Developments in e-commerce business drive the growth of global forklift truck market. In addition, rise in investments in the infrastructure industry is anticipated to propel the growth of the market. However, increase in safety issues related to forklift trucks hampers the market growth. Furthermore, production of hydrogen fuel cell forklifts and development of autonomous forklifts trucks offers remarkable growth opportunity for the players operating in the forklift truck industry.
Forklift Truck Market
By Power Source
Electric Powered segment is projected as the most lucrative segments
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The forklift truck market is segmented on the basis of power source, class, end user, and region. By power source, the market is bifurcated into IC engine powered and electric powered. By class, it is categorized into class 1, class 2, class 3, class 4, class 5, and others. By end user, it is divided into retail & wholesale, logistics, automotive, food industry, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the forklift truck market report include Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation, and others Growth in e-commerce industry
Forklift Truck Market
By Class
Others segment is projected as the most lucrative segments
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The e-commerce market continues to grow at a healthy rate. Increase in demand for consumer products has led to increase in requirement of warehousing space, for storage of products, which are then distributed to retail stores in bulk, via pallet loads and cases. Various distribution strategies and warehouse technologies are adopted to distribute the products to the location without any damage. To reduce time and space, forklift trucks are used in the warehouses to place and arrange materials or goods in a proper manner. As per the usage, these trucks are available in different models such as counterbalanced sit-down riders, swing-reach turrets, and order pickers, with different power options including electric, natural gas, diesel, and gasoline. Thus, the developments in the e-commerce industry drive the growth of the global forklift truck market.
Rise in investments in the infrastructure industry
Governments of various countries have taken initiatives related to infrastructure developments. Increased investments in the real estate sector boost the demand for telehandlers. At the same time, improving economies in the developing countries, such as Australia, China, and Indonesia, have resulted in large-scale foreign investments, a factor that successively fuels the growth of the forklift trucks market in infrastructural projects among various sectors. For instance, in January 2019, China invested $163 billion in the infrastructure sector to repel economic slowdown. New construction projects in China include two major airports and railway stations. Similarly, in September 2018, I Squared Capital, a private equity firm raised $7 billion for new infrastructure projects in Australia Activities such as construction of roads, bridges, flyovers, and class 4 demands handling of bulky & heavy loads, removal of muck, handling of precast segment, and class 4. Forklift trucks are used to transfer heavy or bulk materials, thus, enhancing efficiency and reducing the operation costs at the project sites. Thus, rise in investment in the infrastructure industry propels the growth of the global forklift truck market.
Forklift Truck Market
By End user
Automotive segment is projected as the most lucrative segments
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Increase in safety issues related to forklift trucks
The rate of accidents related to the forklifts trucks has increased over the past few years, rising from around 1,000 per year to 1,300 per year. More than half of the injured people are drivers or pedestrians who stepped down from the vehicle. In addition, of all the vehicles that are used in the workplace, forklift is one of the most dangerous and is often used around pedestrians. It is more likely to become unstable, specifically if it is not operated and loaded appropriately. For instance, according to Occupational Safety and Health Administration (OSHA), roughly around 85 deaths and 34,900 serious injuries happened due to forklift accidents. Also, according to the National Institute for Occupational Safety and Health (NIOSH), rolling or overturning of forklift, falling of operator from forklift, and workers being hit, crushed, or pinned by a forklift are the most common type of injuries that occur due to forklift accidents. Furthermore, approximately out of 850,000 forklifts present in the U.S., 11% of them are involved in an accident. Thus, increase in safety issues and accidents related to forklift trucks is anticipated to hinder the growth of the forklift truck market.
Production of hydrogen fuel cell forklifts
There is an increase in the adoption of electric powered forklifts over the past few years and manufacturers are making remarkable efforts to exceed the performance of internal combustion (IC) engine. In addition, environment concerns and availability of natural resources such as natural gas, oil, coal, and others boost the need to find long term and sustainable renewable energy solutions. When it comes to material handling equipment, factories, and automobiles, hydrogen fuel is a remarkable replacement for conventional means of powering equipment and machinery. Trucks with hydrogen fuel cell are more environmental-friendly and help the environment through reduction of air pollutants, noise emission, and decarbonization. Owing to these benefits offered by the fuel cell forklifts, leading forklift truck manufacturers are introducing new range of forklifts with fuel cell technology, which in turn offers remarkable growth for the players operating in the market. For instance, at ProMat 2019, Toyota Material Handling, one of the leading forklift truck manufacturers who introduced new 3-wheeled fuel cell forklift, which offers various environmental and performance benefits. Thus, production of hydrogen fuel cell forklifts holds a lucrative growth opportunity for market expansion.
Forklift Truck Market
By region
LAMEA by region segment is projected as the most lucrative segments
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Key Benefits For Stakeholders
- This study presents the analytical depiction of the global forklift truck market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall forklift truck market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
Key Market Segments
By Power Source
- IC Engine Powered
- Electric Powered
By Class
- Class 1
- Class 2
- Class 3
- Class 4
- Class 5
- Others
By End Use
- Retail & Wholesale
- Logistics
- Automotive
- Food Industry
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- Malaysia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Crown Equipment Corporation
- EP Equipment
- Hangcha
- Hyster-Yale Materials Handling, Inc.
- Jungheinrich AG
- KION GROUP AG
- Komatsu Ltd.
- Lonking Machinery Co., Ltd.
- Mitsubishi Logisnext Co., Ltd.
- Toyota Industries Corporation
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies
3.3.Porter’s five forces analysis
3.4.Market share analysis,2019(%)
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Growth in e-commerce industry.
3.5.1.2.Rising investments in the infrastructure industry
3.5.2.Restraint
3.5.2.1.Increasing safety issues related to forklift trucks
3.5.3.Opportunities
3.5.3.1.Production of hydrogen fuel cell forklifts
3.5.3.2.Development of autonomous forklifts trucks
CHAPTER 4:FORKLIFT TRUCK MARKET, BY POWER SOURCE
4.1.Overview
4.2.IC engine powered
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country
4.3.Electric powered
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country
CHAPTER 5:FORKLIFT TRUCK MARKET, BY CLASS
5.1.Overview
5.2.Class 1
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country
5.3.Class 2
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country
5.4.Class 3
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country
5.5.Class 4
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis by country
5.6.Class 5
5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis by country
5.7.Others
5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region
5.7.3.Market analysis by country
CHAPTER 6:FORKLIFT TRUCK MARKET, BY END USE
6.1.Overview
6.2.Retail and wholesale
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country
6.3.Logistics
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country
6.4.Automotive
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country
6.5.Food industry
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis by country
6.6.Others
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis by country
CHAPTER 7:FORKLIFT TRUCK MARKET, BY REGION
7.1.Overview
7.2.North America
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by power source
7.2.3.Market size and forecast, by class
7.2.4.Market size and forecast, by end use
7.2.5.Market analysis by country
7.2.5.1.U.S.
7.2.5.1.1.Market size and forecast, by power source
7.2.5.1.2.Market size and forecast, by class
7.2.5.1.3.Market size and forecast, by end use
7.2.5.2.Canada
7.2.5.2.1.Market size and forecast, by power source
7.2.5.2.2.Market size and forecast, by class
7.2.5.2.3.Market size and forecast, by end use
7.2.5.3.Mexico
7.2.5.3.1.Market size and forecast, by power source
7.2.5.3.2.Market size and forecast, by class
7.2.5.3.3.Market size and forecast, by end use
7.3.Europe
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by power source
7.3.3.Market size and forecast, by class
7.3.4.Market size and forecast, by end use
7.3.5.Market analysis by country
7.3.5.1.UK
7.3.5.1.1.Market size and forecast, by power source
7.3.5.1.2.Market size and forecast, by class
7.3.5.1.3.Market size and forecast, by end use
7.3.5.2.Germany
7.3.5.2.1.Market size and forecast, by power source
7.3.5.2.2.Market size and forecast, by class
7.3.5.2.3.Market size and forecast, by end use
7.3.5.3.France
7.3.5.3.1.Market size and forecast, by power source
7.3.5.3.2.Market size and forecast, by class
7.3.5.3.3.Market size and forecast, by end use
7.3.5.4.Italy
7.3.5.4.1.Market size and forecast, by power source
7.3.5.4.2.Market size and forecast, by class
7.3.5.4.3.Market size and forecast, by end use
7.3.5.5.Rest of Europe
7.3.5.5.1.Market size and forecast, by power source
7.3.5.5.2.Market size and forecast, by class
7.3.5.5.3.Market size and forecast, by end use
7.4.Asia-Pacific
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by power source
7.4.3.Market size and forecast, by class
7.4.4.Market size and forecast, by end use
7.4.5.Market analysis by country
7.4.5.1.China
7.4.5.1.1.Market size and forecast, by power source
7.4.5.1.2.Market size and forecast, by class
7.4.5.1.3.Market size and forecast, by end use
7.4.5.2.Japan
7.4.5.2.1.Market size and forecast, by power source
7.4.5.2.2.Market size and forecast, by class
7.4.5.2.3.Market size and forecast, by end use
7.4.5.3.Australia
7.4.5.3.1.Market size and forecast, by power source
7.4.5.3.2.Market size and forecast, by class
7.4.5.3.3.Market size and forecast, by end use
7.4.5.4.Malaysia
7.4.5.4.1.Market size and forecast, by power source
7.4.5.4.2.Market size and forecast, by class
7.4.5.4.3.Market size and forecast, by end use
7.4.5.5.Rest of Asia-Pacific
7.4.5.5.1.Market size and forecast, by power source
7.4.5.5.2.Market size and forecast, by class
7.4.5.5.3.Market size and forecast, by end use
7.5.LAMEA
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by power source
7.5.3.Market size and forecast, by class
7.5.4.Market size and forecast, by end use
7.5.5.Market analysis by country
7.5.5.1.Latin America
7.5.5.1.1.Market size and forecast, by power source
7.5.5.1.2.Market size and forecast, by class
7.5.5.1.3.Market size and forecast, by end use
7.5.5.2.Middle East
7.5.5.2.1.Market size and forecast, by power source
7.5.5.2.2.Market size and forecast, by class
7.5.5.2.3.Market size and forecast, by end use
7.5.5.3.Africa
7.5.5.3.1.Market size and forecast, by power source
7.5.5.3.2.Market size and forecast, by class
7.5.5.3.3.Market size and forecast, by end use
CHAPTER 8:COMPANY PROFILES
8.1.CROWN EQUIPMENT CORPORATION
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Key strategic moves and developments
8.2.EP EQUIPMENT
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.3.HANGCHA
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio
8.3.4.Key strategic moves and developments
8.4.HYSTER-YALE MATERIALS HANDLING, INC.
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.4.4.Business performance
8.4.5.Key strategic moves and developments
8.5.JUNGHEINRICH AG
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Business performance
8.6.KION GROUP AG
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Business performance
8.6.5.Key strategic moves and developments
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.LONKING MACHINERY CO., LTD.
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.9.MITSUBISHI LOGISNEXT CO., LTD.
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Business performance
8.10.TOYOTA INDUSTRIES CORPORATION
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
LIST OF TABLES
TABLE 01.GLOBAL FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019-2027($MILLION)
TABLE 02.GLOBAL FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019-2027(UNITS)
TABLE 03.FORKLIFT TRUCK MARKET REVENUE FOR IC ENGINE POWERED , BY REGION 2019-2027 ($MILLION)
TABLE 04.FORKLIFT TRUCK MARKET REVENUE FOR ELECTRIC POWERED , BY REGION 2019-2027 ($MILLION)
TABLE 05.GLOBAL FORKLIFT TRUCK MARKET, BY CLASS, 2019-2027($MILLION)
TABLE 06.GLOBAL FORKLIFT TRUCK MARKET, BY CLASS, 2019-2027(UNITS)
TABLE 07.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 1, BY REGION 2019-2027 ($MILLION)
TABLE 08.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 2, BY REGION 2019-2027 ($MILLION)
TABLE 09.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 3, BY REGION 2019–2027 ($MILLION)
TABLE 10.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 4, BY REGION 2019–2027 ($MILLION)
TABLE 11.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 5, BY REGION 2019–2027 ($MILLION)
TABLE 12.FORKLIFT TRUCK MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 13.GLOBAL FORKLIFT TRUCK MARKET, BY END USE, 2019-2027($MILLION)
TABLE 14.GLOBAL FORKLIFT TRUCK MARKET, BY END USE, 2019-2027(UNITS)
TABLE 15.FORKLIFT TRUCK MARKET REVENUE FOR RETAIL AND WHOLESALE, BY REGION 2019-2027 ($MILLION)
TABLE 16.FORKLIFT TRUCK MARKET REVENUE FOR LOGISTICS, BY REGION 2019-2027 ($MILLION)
TABLE 17.FORKLIFT TRUCK MARKET REVENUE FOR AUTOMOTIVE, BY REGION 2019–2027 ($MILLION)
TABLE 18.FORKLIFT TRUCK MARKET REVENUE FOR FOOD INDUSTRY, BY REGION 2019–2027 ($MILLION)
TABLE 19.FORKLIFT TRUCK MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 20.FORKLIFT TRUCK MARKET, BY REGION, 2019-2027 (UNITS)
TABLE 21.NORTH AMERICAN FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICAN FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 23.NORTH AMERICAN FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 24.U. S. FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 25.U. S. FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 26.U. S. FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 27.CANADA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 28.CANADA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 29.CANADA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 30.MEXICO FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 31.MEXICO FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 32.MEXICO FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 33.EUROPEAN FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 34.EUROPEAN FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 35.EUROPEAN FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 36.UKFORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 37.UKFORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 38.UKFORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 39.GERMANY FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 40.GERMANY FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 41.GERMANY FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 42.FRANCEFORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 43.FRANCEFORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 44.FRANCEFORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 45.ITALYFORKLIFT TRUCK MARKET, BYPOWER SOURCE, 2019–2027 ($MILLION)
TABLE 46.ITALYFORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 47.ITALYFORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 48.REST OF EUROPE FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 49.REST OF EUROPE FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 50.REST OF EUROPE FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 51.ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 52.ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 53.ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 54.CHINA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 55.CHINA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 56.CHINA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 57.JAPAN FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 58.JAPAN FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 59.JAPAN FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 60.AUSTRALIAFORKLIFT TRUCK MARKET, BYPOWER SOURCE, 2019–2027 ($MILLION)
TABLE 61.AUSTRALIAFORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 62.AUSTRALIAFORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 63.MALAYSIAFORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 64.MALAYSIAFORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 65.MALAYSIAFORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 66.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 67.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 68.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 69.LAMEA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 70.LAMEA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 71.LAMEA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 72.LATIN AMERICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 73.LATIN AMERICA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 74.LATIN AMERICA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 75.MIDDLE EAST FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 76.MIDDLE EAST FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 77.MIDDLE EAST FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 78.AFRICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 79.AFRICA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 80.AFRICA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 81.CROWN EQUIPMENT CORPORATION: COMPANY SNAPSHOT
TABLE 82.CROWN EQUIPMENT CORPORATION: PRODUCT PORTFOLIO
TABLE 83.CROWN EQUIPMENT CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 84.EP EQUIPMENT: COMPANY SNAPSHOT
TABLE 85.EP EQUIPMENT: PRODUCT PORTFOLIO
TABLE 86.HANGCHA GROUP CO., LTD.: COMPANY SNAPSHOT
TABLE 87.HANGCHA GROUP CO., LTD.: PRODUCT PORTFOLIO
TABLE 88.HANGCHA GROUP CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 89.HYSTER-YALE MATERIAL HANDLING, INC.: COMPANY SNAPSHOT
TABLE 90.HYSTER-YALE MATERIAL HANDLING, INC.: PRODUCT PORTFOLIO
TABLE 91.HYSTER-YALE MATERIAL HANDLING, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 92.JUNGHEINRICH AG: COMPANY SNAPSHOT
TABLE 93.JUNGHEINRICH AG: OPERATING SEGMENTS
TABLE 94.KION GROUP AG: COMPANY SNAPSHOT
TABLE 95.KION GROUP AG: OPERATING SEGMENTS
TABLE 96.KION GROUP AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.KOMATSU LTD.: COMPANY SNAPSHOT
TABLE 98.KOMATSU LTD.: OPERATING SEGMENTS
TABLE 99.KOMATSU LTD.: PRODUCT PORTFOLIO
TABLE 100.LONKING HOLDINGS LIMITED: COMPANY SNAPSHOT
TABLE 101.LONKING HOLDINGS LIMITED: OPERATING SEGMENTS
TABLE 102.LONKING HOLDINGS LIMITED: PRODUCT PORTFOLIO
TABLE 103.MITSUBISHI LOGISNEXT CO., LTD.: COMPANY SNAPSHOT
TABLE 104.MITSUBISHI LOGISNEXT CO., LTD.: PRODUCT PORTFOLIO
TABLE 105.TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
TABLE 106.TOYOTA INDUSTRIES CORPORATION: OPERATING SEGMENTS
TABLE 107.TOYOTA INDUSTRIES CORPORATION: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS (2019)
FIGURE 15.GLOBAL FORKLIFT TRUCK MARKET SHARE, BY POWER SOURCE, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OFFORKLIFT TRUCK MARKET FOR IC ENGINE POWERED , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR ELECTRIC POWERED , BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18.GLOBAL FORKLIFT TRUCK MARKET SHARE, BY CLASS, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 1, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 2, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 3,BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OFFORKLIFT TRUCK MARKET FOR CLASS 4, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 5, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 25.GLOBAL FORKLIFT TRUCK MARKET SHARE, BY END USE, 2019–2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR RETAIL AND WHOLESALE, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR LOGISTICS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR AUTOMOTIVE, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF FORKLIFTTRUCK MARKET FOR FOOD INDUSTRY, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 31.FORKLIFT TRUCK MARKET, BY REGION, 2019-2027 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 33.U. S. FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 34.CANADA FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 35.MEXICO FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 37.UKFORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 38.GERMANY FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 39.FRANCEFORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 40.ITALYFORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 41.REST OF EUROPE FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 42.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 43.CHINA FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 44.JAPAN FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 45.AUSTRALIAFORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 46.MALAYSIAFORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 47.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 48.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 49.LATIN AMERICAFORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 50.MIDDLE EAST FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 51.AFRICA FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 52.HYSTER-YALE MATERIAL HANDLING, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 53.JUNGHEINRICH AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 54.JUNGHEINRICH AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 55.JUNGHEINRICH AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 56.KION GROUP AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 57.KION GROUP AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 58.KOMATSU LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 59.KOMATSU LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60.KOMATSU LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 61.LONKING HOLDINGS LIMITED: REVENUE, 2016–2018 ($MILLION)
FIGURE 62.LONKING HOLDINGS LIMITED: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 63.MITSUBISHI LOGISNEXT CO., LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 64.MITSUBISHI LOGISNEXT CO., LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 65.TOYOTA INDUSTRIES CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 66.TOYOTA INDUSTRIES CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 67.TOYOTA INDUSTRIES CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
According to the insights of CXOs of leading companies, the global forklift truck market is expected to grow at a remarkable rate in the future, owing to rise in demand for forklift trucks in warehouses.
Factors such as increase in demand for automatic transmission in vehicles and rise in trend of autonomous vehicles, are anticipated to propel the growth of the transmission control system market. However, high cost of transmission control system and its related components hinder the market growth. Furthermore, production of active shift control transmission is expected to provide remarkable growth opportunities for players operating in the transmission control system market.
Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue in the global market throughout the forecast period, followed by Europe, North America, and LAMEA. Moreover, LAMEA is expected to witness the highest growth rate, owing to growth of the manufacturing industry.
Q1. What are the new competitive developments in forklift truck market?
A. The new competitive developments in forklift truck market includes acquisition, product launch, product development, and business expansion.
Q2. What is the market size, share of forklift trucks?
A. The global forklift truck market was valued at $45,006.3 million in 2019, and is projected to reach $81,395.1 million by 2027, registering a CAGR of 7.3% from 2020 to 2027. Based on power source, IC engine powered forklifts holds around 57% of the market share and electric powered holds around 43% of the global market.
Q3. How can I get sample report/company profiles of forklift truck market?
A. The report sample for forklift truck market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
Q4. What is the impact of Post COVID-19 scenario in forklift truck market?
A. COVID-19 has impacted the forklift truck market severely, as government imposed lockdown resulted in the temporary shutdown of the manufacturing plants. In addition, various construction equipment manufacturers have announced they are helping with the efforts to battle COVID-19.
Q5. Which are the leading players in forklift truck market?
A. The leading players in the forklift truck market includes Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., TOYOTA INDUSTRIES CORPORATION, and others.
Q6. How can I get company profiles on top ten players of forklift truck market?
A. The data of the top market players of forklift truck market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the forklift truck market as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.
Q7. What are the known and unknown adjacencies impacting the forklift truck market?
A. Increasing safety issues related to forklift trucks have strong impact on the forklift truck market
Q8. Who are the service providers of forklift trucks industry?
A. Companies such as Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation are the service providers of forklift trucks industry.
Q9. What are the key growth strategies of forklift truck industry players?
A. Acquisition, business expansion, product launch, product development are the key growth strategies of forklift truck industry players.
Q10. Who are the potential customers of forklift truck market?
A. The customers those who are working in areas such as construction & infrastructure development, disaster management, traffic management, defense & intelligence, surveillance & security, environment monitoring & management, energy & oil, agriculture monetoring are the key potential players of satellite data service market.
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