Market Research Report

Forklift Trucks Market, Global Outlook and Forecast 2023-2029

  • AMR ID : 7-14246
  • CAT ID : 10
  • Pages : 157
  • Date : Jun 2023
 

The global Forklift Trucks market was valued at US$ 30370 million in 2022 and is projected to reach US$ 39940 million by 2029, at a CAGR of 4.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key manufacturers of forklift trucks include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, etc., which are mainly located in North America, Europe, China, Japan, Korea, India, South America, etc. The top two producers have a total market share of 29%, with the largest producer being Toyota, accounting for 17%. At the consumption level, Asia Pacific has the largest sales market with a 50% share. In terms of product categories, class 4 and 5 have the largest market share with 36%, followed by class 3. In terms of applications, warehouses is the number one application with a 38% market share.
Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the forklift truck market.
This report mainly focuses on the new forklift trucks equipment, instead of service, rental, etc.
The Forklift Trucks industry can be broken down into several segments, Class 1, Class 2, Class 3 and Class 4/5.
Across the world, the major players cover Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha, Clark Material Handling, Doosan Corporation Industrial Vehicle, etc.
This report aims to provide a comprehensive presentation of the global market for Forklift Trucks, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Forklift Trucks. This report contains market size and forecasts of Forklift Trucks in global, including the following market information:
Global Forklift Trucks Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Forklift Trucks Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Forklift Trucks companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Forklift Trucks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Forklift Trucks Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, by Type, 2022 (%)
Class 1
Class 2
Class 3
Class 4 and 5
Global Forklift Trucks Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, by Application, 2022 (%)
Warehouses
Factories
Distribution Centers
Others
Global Forklift Trucks Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Forklift Trucks revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Forklift Trucks revenues share in global market, 2022 (%)
Key companies Forklift Trucks sales in global market, 2018-2023 (Estimated), (Units)
Key companies Forklift Trucks sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce
Outline of Major Chapters:
Chapter 1: Introduces the definition of Forklift Trucks, market overview.
Chapter 2: Global Forklift Trucks market size in revenue and volume.
Chapter 3: Detailed analysis of Forklift Trucks manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Forklift Trucks in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Forklift Trucks capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
1.1 Forklift Trucks Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Forklift Trucks Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Forklift Trucks Overall Market Size
2.1 Global Forklift Trucks Market Size: 2022 VS 2029
2.2 Global Forklift Trucks Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Forklift Trucks Sales: 2018-2029
3 Company Landscape
3.1 Top Forklift Trucks Players in Global Market
3.2 Top Global Forklift Trucks Companies Ranked by Revenue
3.3 Global Forklift Trucks Revenue by Companies
3.4 Global Forklift Trucks Sales by Companies
3.5 Global Forklift Trucks Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Forklift Trucks Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Forklift Trucks Product Type
3.8 Tier 1, Tier 2 and Tier 3 Forklift Trucks Players in Global Market
3.8.1 List of Global Tier 1 Forklift Trucks Companies
3.8.2 List of Global Tier 2 and Tier 3 Forklift Trucks Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Forklift Trucks Market Size Markets, 2022 & 2029
4.1.2 Class 1
4.1.3 Class 2
4.1.4 Class 3
4.1.5 Class 4 and 5
4.2 By Type - Global Forklift Trucks Revenue & Forecasts
4.2.1 By Type - Global Forklift Trucks Revenue, 2018-2023
4.2.2 By Type - Global Forklift Trucks Revenue, 2024-2029
4.2.3 By Type - Global Forklift Trucks Revenue Market Share, 2018-2029
4.3 By Type - Global Forklift Trucks Sales & Forecasts
4.3.1 By Type - Global Forklift Trucks Sales, 2018-2023
4.3.2 By Type - Global Forklift Trucks Sales, 2024-2029
4.3.3 By Type - Global Forklift Trucks Sales Market Share, 2018-2029
4.4 By Type - Global Forklift Trucks Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Forklift Trucks Market Size, 2022 & 2029
5.1.2 Warehouses
5.1.3 Factories
5.1.4 Distribution Centers
5.1.5 Others
5.2 By Application - Global Forklift Trucks Revenue & Forecasts
5.2.1 By Application - Global Forklift Trucks Revenue, 2018-2023
5.2.2 By Application - Global Forklift Trucks Revenue, 2024-2029
5.2.3 By Application - Global Forklift Trucks Revenue Market Share, 2018-2029
5.3 By Application - Global Forklift Trucks Sales & Forecasts
5.3.1 By Application - Global Forklift Trucks Sales, 2018-2023
5.3.2 By Application - Global Forklift Trucks Sales, 2024-2029
5.3.3 By Application - Global Forklift Trucks Sales Market Share, 2018-2029
5.4 By Application - Global Forklift Trucks Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region - Global Forklift Trucks Market Size, 2022 & 2029
6.2 By Region - Global Forklift Trucks Revenue & Forecasts
6.2.1 By Region - Global Forklift Trucks Revenue, 2018-2023
6.2.2 By Region - Global Forklift Trucks Revenue, 2024-2029
6.2.3 By Region - Global Forklift Trucks Revenue Market Share, 2018-2029
6.3 By Region - Global Forklift Trucks Sales & Forecasts
6.3.1 By Region - Global Forklift Trucks Sales, 2018-2023
6.3.2 By Region - Global Forklift Trucks Sales, 2024-2029
6.3.3 By Region - Global Forklift Trucks Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country - North America Forklift Trucks Revenue, 2018-2029
6.4.2 By Country - North America Forklift Trucks Sales, 2018-2029
6.4.3 US Forklift Trucks Market Size, 2018-2029
6.4.4 Canada Forklift Trucks Market Size, 2018-2029
6.4.5 Mexico Forklift Trucks Market Size, 2018-2029
6.5 Europe
6.5.1 By Country - Europe Forklift Trucks Revenue, 2018-2029
6.5.2 By Country - Europe Forklift Trucks Sales, 2018-2029
6.5.3 Germany Forklift Trucks Market Size, 2018-2029
6.5.4 France Forklift Trucks Market Size, 2018-2029
6.5.5 U.K. Forklift Trucks Market Size, 2018-2029
6.5.6 Italy Forklift Trucks Market Size, 2018-2029
6.5.7 Russia Forklift Trucks Market Size, 2018-2029
6.5.8 Nordic Countries Forklift Trucks Market Size, 2018-2029
6.5.9 Benelux Forklift Trucks Market Size, 2018-2029
6.6 Asia
6.6.1 By Region - Asia Forklift Trucks Revenue, 2018-2029
6.6.2 By Region - Asia Forklift Trucks Sales, 2018-2029
6.6.3 China Forklift Trucks Market Size, 2018-2029
6.6.4 Japan Forklift Trucks Market Size, 2018-2029
6.6.5 South Korea Forklift Trucks Market Size, 2018-2029
6.6.6 Southeast Asia Forklift Trucks Market Size, 2018-2029
6.6.7 India Forklift Trucks Market Size, 2018-2029
6.7 South America
6.7.1 By Country - South America Forklift Trucks Revenue, 2018-2029
6.7.2 By Country - South America Forklift Trucks Sales, 2018-2029
6.7.3 Brazil Forklift Trucks Market Size, 2018-2029
6.7.4 Argentina Forklift Trucks Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Forklift Trucks Revenue, 2018-2029
6.8.2 By Country - Middle East & Africa Forklift Trucks Sales, 2018-2029
6.8.3 Turkey Forklift Trucks Market Size, 2018-2029
6.8.4 Israel Forklift Trucks Market Size, 2018-2029
6.8.5 Saudi Arabia Forklift Trucks Market Size, 2018-2029
6.8.6 UAE Forklift Trucks Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 Toyota
7.1.1 Toyota Company Summary
7.1.2 Toyota Business Overview
7.1.3 Toyota Forklift Trucks Major Product Offerings
7.1.4 Toyota Forklift Trucks Sales and Revenue in Global (2018-2023)
7.1.5 Toyota Key News & Latest Developments
7.2 Kion
7.2.1 Kion Company Summary
7.2.2 Kion Business Overview
7.2.3 Kion Forklift Trucks Major Product Offerings
7.2.4 Kion Forklift Trucks Sales and Revenue in Global (2018-2023)
7.2.5 Kion Key News & Latest Developments
7.3 Jungheinrich
7.3.1 Jungheinrich Company Summary
7.3.2 Jungheinrich Business Overview
7.3.3 Jungheinrich Forklift Trucks Major Product Offerings
7.3.4 Jungheinrich Forklift Trucks Sales and Revenue in Global (2018-2023)
7.3.5 Jungheinrich Key News & Latest Developments
7.4 Mitsubishi Logisnext
7.4.1 Mitsubishi Logisnext Company Summary
7.4.2 Mitsubishi Logisnext Business Overview
7.4.3 Mitsubishi Logisnext Forklift Trucks Major Product Offerings
7.4.4 Mitsubishi Logisnext Forklift Trucks Sales and Revenue in Global (2018-2023)
7.4.5 Mitsubishi Logisnext Key News & Latest Developments
7.5 Crown Equipment
7.5.1 Crown Equipment Company Summary
7.5.2 Crown Equipment Business Overview
7.5.3 Crown Equipment Forklift Trucks Major Product Offerings
7.5.4 Crown Equipment Forklift Trucks Sales and Revenue in Global (2018-2023)
7.5.5 Crown Equipment Key News & Latest Developments
7.6 Hyster-Yale
7.6.1 Hyster-Yale Company Summary
7.6.2 Hyster-Yale Business Overview
7.6.3 Hyster-Yale Forklift Trucks Major Product Offerings
7.6.4 Hyster-Yale Forklift Trucks Sales and Revenue in Global (2018-2023)
7.6.5 Hyster-Yale Key News & Latest Developments
7.7 Anhui Heli
7.7.1 Anhui Heli Company Summary
7.7.2 Anhui Heli Business Overview
7.7.3 Anhui Heli Forklift Trucks Major Product Offerings
7.7.4 Anhui Heli Forklift Trucks Sales and Revenue in Global (2018-2023)
7.7.5 Anhui Heli Key News & Latest Developments
7.8 Hangcha
7.8.1 Hangcha Company Summary
7.8.2 Hangcha Business Overview
7.8.3 Hangcha Forklift Trucks Major Product Offerings
7.8.4 Hangcha Forklift Trucks Sales and Revenue in Global (2018-2023)
7.8.5 Hangcha Key News & Latest Developments
7.9 Clark Material Handling
7.9.1 Clark Material Handling Company Summary
7.9.2 Clark Material Handling Business Overview
7.9.3 Clark Material Handling Forklift Trucks Major Product Offerings
7.9.4 Clark Material Handling Forklift Trucks Sales and Revenue in Global (2018-2023)
7.9.5 Clark Material Handling Key News & Latest Developments
7.10 Doosan Corporation Industrial Vehicle
7.10.1 Doosan Corporation Industrial Vehicle Company Summary
7.10.2 Doosan Corporation Industrial Vehicle Business Overview
7.10.3 Doosan Corporation Industrial Vehicle Forklift Trucks Major Product Offerings
7.10.4 Doosan Corporation Industrial Vehicle Forklift Trucks Sales and Revenue in Global (2018-2023)
7.10.5 Doosan Corporation Industrial Vehicle Key News & Latest Developments
7.11 Komatsu
7.11.1 Komatsu Company Summary
7.11.2 Komatsu Forklift Trucks Business Overview
7.11.3 Komatsu Forklift Trucks Major Product Offerings
7.11.4 Komatsu Forklift Trucks Sales and Revenue in Global (2018-2023)
7.11.5 Komatsu Key News & Latest Developments
7.12 Lonking
7.12.1 Lonking Company Summary
7.12.2 Lonking Forklift Trucks Business Overview
7.12.3 Lonking Forklift Trucks Major Product Offerings
7.12.4 Lonking Forklift Trucks Sales and Revenue in Global (2018-2023)
7.12.5 Lonking Key News & Latest Developments
7.13 Hyundai Heavy Industries
7.13.1 Hyundai Heavy Industries Company Summary
7.13.2 Hyundai Heavy Industries Forklift Trucks Business Overview
7.13.3 Hyundai Heavy Industries Forklift Trucks Major Product Offerings
7.13.4 Hyundai Heavy Industries Forklift Trucks Sales and Revenue in Global (2018-2023)
7.13.5 Hyundai Heavy Industries Key News & Latest Developments
7.14 EP Equipment
7.14.1 EP Equipment Company Summary
7.14.2 EP Equipment Business Overview
7.14.3 EP Equipment Forklift Trucks Major Product Offerings
7.14.4 EP Equipment Forklift Trucks Sales and Revenue in Global (2018-2023)
7.14.5 EP Equipment Key News & Latest Developments
7.15 Manitou
7.15.1 Manitou Company Summary
7.15.2 Manitou Business Overview
7.15.3 Manitou Forklift Trucks Major Product Offerings
7.15.4 Manitou Forklift Trucks Sales and Revenue in Global (2018-2023)
7.15.5 Manitou Key News & Latest Developments
7.16 Paletrans Equipment
7.16.1 Paletrans Equipment Company Summary
7.16.2 Paletrans Equipment Business Overview
7.16.3 Paletrans Equipment Forklift Trucks Major Product Offerings
7.16.4 Paletrans Equipment Forklift Trucks Sales and Revenue in Global (2018-2023)
7.16.5 Paletrans Equipment Key News & Latest Developments
7.17 Combilift
7.17.1 Combilift Company Summary
7.17.2 Combilift Business Overview
7.17.3 Combilift Forklift Trucks Major Product Offerings
7.17.4 Combilift Forklift Trucks Sales and Revenue in Global (2018-2023)
7.17.5 Combilift Key News & Latest Developments
7.18 Hubtex Maschinenbau
7.18.1 Hubtex Maschinenbau Company Summary
7.18.2 Hubtex Maschinenbau Business Overview
7.18.3 Hubtex Maschinenbau Forklift Trucks Major Product Offerings
7.18.4 Hubtex Maschinenbau Forklift Trucks Sales and Revenue in Global (2018-2023)
7.18.5 Hubtex Maschinenbau Key News & Latest Developments
7.19 Godrej & Boyce
7.19.1 Godrej & Boyce Company Summary
7.19.2 Godrej & Boyce Business Overview
7.19.3 Godrej & Boyce Forklift Trucks Major Product Offerings
7.19.4 Godrej & Boyce Forklift Trucks Sales and Revenue in Global (2018-2023)
7.19.5 Godrej & Boyce Key News & Latest Developments
8 Global Forklift Trucks Production Capacity, Analysis
8.1 Global Forklift Trucks Production Capacity, 2018-2029
8.2 Forklift Trucks Production Capacity of Key Manufacturers in Global Market
8.3 Global Forklift Trucks Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Forklift Trucks Supply Chain Analysis
10.1 Forklift Trucks Industry Value Chain
10.2 Forklift Trucks Upstream Market
10.3 Forklift Trucks Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Forklift Trucks Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer

 
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