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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: 272
Apr 2020 | 18277 Views
 
Author(s) : Anvay Sonpimple
Tables: 103
Charts: 67
 

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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. 

Forklift-Truck-Market-2020-2027

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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.

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 forklift truck market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in the 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

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.
 

Forklift Truck Market
By Power Source

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Electric powered segment is projected as the most lucrative segments

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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 Class

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Class 3 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.

Forklift Truck Market
By End user

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Automotive segment is projected as the most lucrative segments

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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 forklift truck 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

2027
Asia-pacific 
North America
Europe
Lamea

LAMEA 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 (2018)
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($MILLION)
TABLE 02.FORKLIFT TRUCK MARKET REVENUE FOR IC ENGINE POWERED, BY REGION 2018-2026 ($MILLION)
TABLE 03.FORKLIFT TRUCK MARKET REVENUE FOR ELECTRIC POWERED, BY REGION 2018-2026 ($MILLION)
TABLE 04.GLOBAL FORKLIFT TRUCK MARKET, BY CLASS, 2019-2027($MILLION)
TABLE 05.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 1, BY REGION 2018-2026 ($MILLION)
TABLE 06.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 2, BY REGION 2018-2026 ($MILLION)
TABLE 07.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 3, BY REGION 2019–2027 ($MILLION)
TABLE 08.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 4, BY REGION 2019–2027 ($MILLION)
TABLE 09.FORKLIFT TRUCK MARKET REVENUE FOR CLASS 5, BY REGION 2019–2027 ($MILLION)
TABLE 10.FORKLIFT TRUCK MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 11.GLOBAL FORKLIFT TRUCK MARKET, BY END USE, 2019-2027($MILLION)
TABLE 12.FORKLIFT TRUCK MARKET REVENUE FOR RETAIL AND WHOLESALE, BY REGION 2018-2026 ($MILLION)
TABLE 13.FORKLIFT TRUCK MARKET REVENUE FOR LOGISTICS, BY REGION 2018-2026 ($MILLION)
TABLE 14.FORKLIFT TRUCK MARKET REVENUE FOR AUTOMOTIVE, BY REGION 2019–2027 ($MILLION)
TABLE 15.FORKLIFT TRUCK MARKET REVENUE FOR FOOD INDUSTRY, BY REGION 2019–2027 ($MILLION)
TABLE 16.FORKLIFT TRUCK MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICAN FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICAN FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICAN FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 20.U. S. FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 21.U. S. FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 22.U. S. FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 23.CANADA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 24.CANADA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 25.CANADA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 26.MEXICO FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 27.MEXICO FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 28.MEXICO FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 29.EUROPEAN FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 30.EUROPEAN FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 31.EUROPEAN FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 32.UK FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 33.UK FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 34.UK FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 35.GERMANY FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 36.GERMANY FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 37.GERMANY FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 38.FRANCE FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 39.FRANCE FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 40.FRANCE FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 41.ITALY FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 42.ITALY FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 43.ITALY FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 44.REST OF EUROPE FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 45.REST OF EUROPE FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 46.REST OF EUROPE FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 47.ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 48.ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 49.ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 50.CHINA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 51.CHINA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 52.CHINA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 53.JAPAN FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 54.JAPAN FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 55.JAPAN FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 56.AUSTRALIA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 57.AUSTRALIA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 58.AUSTRALIA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 59.MALAYSIA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 60.MALAYSIA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 61.MALAYSIA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 62.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 63.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 64.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 65.LAMEA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 66.LAMEA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 67.LAMEA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 68.LATIN AMERICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 69.LATIN AMERICA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 70.LATIN AMERICA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 71.MIDDLE EAST FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 72.MIDDLE EAST FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 73.MIDDLE EAST FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 74.AFRICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019–2027 ($MILLION)
TABLE 75.AFRICA FORKLIFT TRUCK MARKET, BY CLASS, 2019–2027 ($MILLION)
TABLE 76.AFRICA FORKLIFT TRUCK MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 77.CROWN EQUIPMENT CORPORATION: COMPANY SNAPSHOT
TABLE 78.CROWN EQUIPMENT CORPORATION: PRODUCT PORTFOLIO
TABLE 79.CROWN EQUIPMENT CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80.EP EQUIPMENT: COMPANY SNAPSHOT
TABLE 81.EP EQUIPMENT: PRODUCT PORTFOLIO
TABLE 82.HANGCHA GROUP CO., LTD.: COMPANY SNAPSHOT
TABLE 83.HANGCHA GROUP CO., LTD.: PRODUCT PORTFOLIO
TABLE 84.HANGCHA GROUP CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 85.HYSTER-YALE MATERIAL HANDLING, INC.: COMPANY SNAPSHOT
TABLE 86.HYSTER-YALE MATERIAL HANDLING, INC.: PRODUCT PORTFOLIO
TABLE 87.HYSTER-YALE MATERIAL HANDLING, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 88.JUNGHEINRICH AG: COMPANY SNAPSHOT
TABLE 89.JUNGHEINRICH AG: OPERATING SEGMENTS
TABLE 90.KION GROUP AG: COMPANY SNAPSHOT
TABLE 91.KION GROUP AG: OPERATING SEGMENTS
TABLE 92.KION GROUP AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 93.KOMATSU LTD.: COMPANY SNAPSHOT
TABLE 94.KOMATSU LTD.: OPERATING SEGMENTS
TABLE 95.KOMATSU LTD.: PRODUCT PORTFOLIO
TABLE 96.LONKING HOLDINGS LIMITED: COMPANY SNAPSHOT
TABLE 97.LONKING HOLDINGS LIMITED: OPERATING SEGMENTS
TABLE 98.LONKING HOLDINGS LIMITED: PRODUCT PORTFOLIO
TABLE 99.MITSUBISHI LOGISNEXT CO., LTD.: COMPANY SNAPSHOT
TABLE 100.MITSUBISHI LOGISNEXT CO., LTD.: PRODUCT PORTFOLIO
TABLE 101.TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
TABLE 102.TOYOTA INDUSTRIES CORPORATION: OPERATING SEGMENTS
TABLE 103.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 (2018)
FIGURE 15.GLOBAL FORKLIFT TRUCK MARKET SHARE, BY POWER SOURCE, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR IC ENGINE POWERED, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR ELECTRIC POWERED, BY COUNTRY, 2019 & 2027 (%)
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 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 2, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 3, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 4, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR CLASS 5, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
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 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR LOGISTICS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR AUTOMOTIVE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR FOOD INDUSTRY, BY COUNTRY, 2019 & 2027 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
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 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 37.UK FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 38.GERMANY FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 39.FRANCE FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 40.ITALY FORKLIFT 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.AUSTRALIA FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 46.MALAYSIA FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 47.REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, 2019–2027 ($MILLION)
FIGURE 48.COMPARATIVE SHARE ANALYSIS OF FORKLIFT TRUCK MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 49.LATIN AMERICA FORKLIFT TRUCK MARKET, 2019–2027 ($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 GEOGRAPHY, 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 GEOGRAPHY, 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 GEOGRAPHY, 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 GEOGRAPHY, 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. 
 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The new competitive developments in forklift truck market includes acquisition, product launch, product development, and business expansion.

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.

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.

A. Warehouse oweners as well as the manufacturing that needs material handling equipments are the potential customers of 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.

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.

A. LAMEA is anticipated to provide more business opportunities for forklift truck in future.

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.

A. Acquisition, business expansion, product launch, product development are the key growth strategies of forklift truck industry players.

 

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