Global Forklift Trucks Market 2025-2029

Description

The forklift trucks market is forecasted to grow by USD 26879.8 million during 2024-2029, accelerating at a CAGR of 7.7% during the forecast period. The report on the forklift trucks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid growth in construction sector, rapid growth in E-commerce retail, and high growth potential in emerging markets.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	7%
CAGR	7.7%
Incremental Value	$26879.8 mn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's forklift trucks market is segmented as below:

By Class Type

Class III
Class V
Class I
Class II
Class IV

By Type

Electric
Internal combustion engine

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the fuel cell-powered forklift trucks as one of the prime reasons driving the forklift trucks market growth during the next few years. Also, growing popularity of automation and rising prominence of tire technology will lead to sizable demand in the market.

The report on the forklift trucks market covers the following areas:

Forklift Trucks Market sizing
Forklift Trucks Market forecast
Forklift Trucks Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading forklift trucks market vendors that include Anhui Heli Co. Ltd., BYD Co. Ltd., Cargotec Corp., Caterpillar Inc., CLARK Material Handling Co., Crown Equipment Corp., CVS FERRARI Spa, Dana Inc., EP Equipment Co. Ltd., Hoist Material Handling Inc., Hyster Yale Materials Handling Inc., Jungheinrich Group, KION GROUP AG, Komatsu Ltd., Konecranes, Manitou BF SA, Mitsubishi Heavy Industries Ltd., Royal Terberg Group BV, Sany Group, and Toyota Industries Corp.. Also, the forklift trucks market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40505

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Class Type
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Forklift Trucks Market 2019 - 2023
- Historic Market Size - Data Table on Global Forklift Trucks Market 2019 - 2023 ($ million)
5.2 Class Type segment analysis 2019 - 2023
- Historic Market Size - Class Type Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI in Global Forklift Trucks Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Class Type

8.1 Market segments
- Chart on Class Type - Market share 2024-2029 (%)
- Data Table on Class Type - Market share 2024-2029 (%)
8.2 Comparison by Class Type
- Chart on Comparison by Class Type
- Data Table on Comparison by Class Type
8.3 Class III - Market size and forecast 2024-2029
- Chart on Class III - Market size and forecast 2024-2029 ($ million)
- Data Table on Class III - Market size and forecast 2024-2029 ($ million)
- Chart on Class III - Year-over-year growth 2024-2029 (%)
- Data Table on Class III - Year-over-year growth 2024-2029 (%)
8.4 Class V - Market size and forecast 2024-2029
- Chart on Class V - Market size and forecast 2024-2029 ($ million)
- Data Table on Class V - Market size and forecast 2024-2029 ($ million)
- Chart on Class V - Year-over-year growth 2024-2029 (%)
- Data Table on Class V - Year-over-year growth 2024-2029 (%)
8.5 Class I - Market size and forecast 2024-2029
- Chart on Class I - Market size and forecast 2024-2029 ($ million)
- Data Table on Class I - Market size and forecast 2024-2029 ($ million)
- Chart on Class I - Year-over-year growth 2024-2029 (%)
- Data Table on Class I - Year-over-year growth 2024-2029 (%)
8.6 Class II - Market size and forecast 2024-2029
- Chart on Class II - Market size and forecast 2024-2029 ($ million)
- Data Table on Class II - Market size and forecast 2024-2029 ($ million)
- Chart on Class II - Year-over-year growth 2024-2029 (%)
- Data Table on Class II - Year-over-year growth 2024-2029 (%)
8.7 Class IV - Market size and forecast 2024-2029
- Chart on Class IV - Market size and forecast 2024-2029 ($ million)
- Data Table on Class IV - Market size and forecast 2024-2029 ($ million)
- Chart on Class IV - Year-over-year growth 2024-2029 (%)
- Data Table on Class IV - Year-over-year growth 2024-2029 (%)
8.8 Market opportunity by Class Type
- Market opportunity by Class Type ($ million)
- Data Table on Market opportunity by Class Type ($ million)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Electric - Market size and forecast 2024-2029
- Chart on Electric - Market size and forecast 2024-2029 ($ million)
- Data Table on Electric - Market size and forecast 2024-2029 ($ million)
- Chart on Electric - Year-over-year growth 2024-2029 (%)
- Data Table on Electric - Year-over-year growth 2024-2029 (%)
9.4 Internal combustion engine - Market size and forecast 2024-2029
- Chart on Internal combustion engine - Market size and forecast 2024-2029 ($ million)
- Data Table on Internal combustion engine - Market size and forecast 2024-2029 ($ million)
- Chart on Internal combustion engine - Year-over-year growth 2024-2029 (%)
- Data Table on Internal combustion engine - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

10 Customer Landscape

10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Geographic Landscape

11.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
11.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
11.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
11.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
11.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
11.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
11.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
11.9 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
11.10 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.12 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
11.13 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
11.14 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
11.15 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
11.16 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
11.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
11.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 Anhui Heli Co. Ltd.
- Anhui Heli Co. Ltd. - Overview
- Anhui Heli Co. Ltd. - Product / Service
- Anhui Heli Co. Ltd. - Key offerings
- SWOT
14.5 BYD Co. Ltd.

ByD Co. Ltd. - Overview

ByD Co. Ltd. - Business segments

ByD Co. Ltd. - Key news

ByD Co. Ltd. - Key offerings

ByD Co. Ltd. - Segment focus

SWOT

14.6 Cargotec Corp.
- Cargotec Corp. - Overview
- Cargotec Corp. - Business segments
- Cargotec Corp. - Key news
- Cargotec Corp. - Key offerings
- Cargotec Corp. - Segment focus
- SWOT
14.7 Caterpillar Inc.
- Caterpillar Inc. - Overview
- Caterpillar Inc. - Business segments
- Caterpillar Inc. - Key news
- Caterpillar Inc. - Key offerings
- Caterpillar Inc. - Segment focus
- SWOT
14.8 Crown Equipment Corp.
- Crown Equipment Corp. - Overview
- Crown Equipment Corp. - Product / Service
- Crown Equipment Corp. - Key offerings
- SWOT
14.9 CVS FERRARI Spa
- CVS FERRARI Spa - Overview
- CVS FERRARI Spa - Product / Service
- CVS FERRARI Spa - Key offerings
- SWOT
14.10 Hyster Yale Materials Handling Inc.
- Hyster Yale Materials Handling Inc. - Overview
- Hyster Yale Materials Handling Inc. - Business segments
- Hyster Yale Materials Handling Inc. - Key news
- Hyster Yale Materials Handling Inc. - Key offerings
- Hyster Yale Materials Handling Inc. - Segment focus
- SWOT
14.11 Jungheinrich Group
- Jungheinrich Group - Overview
- Jungheinrich Group - Business segments
- Jungheinrich Group - Key news
- Jungheinrich Group - Key offerings
- Jungheinrich Group - Segment focus
- SWOT
14.12 KION GROUP AG
- KION GROUP AG - Overview
- KION GROUP AG - Business segments
- KION GROUP AG - Key news
- KION GROUP AG - Key offerings
- KION GROUP AG - Segment focus
- SWOT
14.13 Komatsu Ltd.
- Komatsu Ltd. - Overview
- Komatsu Ltd. - Business segments
- Komatsu Ltd. - Key news
- Komatsu Ltd. - Key offerings
- Komatsu Ltd. - Segment focus
- SWOT
14.14 Konecranes
- Konecranes - Overview
- Konecranes - Business segments
- Konecranes - Key news
- Konecranes - Key offerings
- Konecranes - Segment focus
- SWOT
14.15 Mitsubishi Heavy Industries Ltd.
- Mitsubishi Heavy Industries Ltd. - Overview
- Mitsubishi Heavy Industries Ltd. - Business segments
- Mitsubishi Heavy Industries Ltd. - Key news
- Mitsubishi Heavy Industries Ltd. - Key offerings
- Mitsubishi Heavy Industries Ltd. - Segment focus
- SWOT
14.16 Royal Terberg Group BV
- Royal Terberg Group BV - Overview
- Royal Terberg Group BV - Product / Service
- Royal Terberg Group BV - Key offerings
- SWOT
14.17 Sany Group
- Sany Group - Overview
- Sany Group - Product / Service
- Sany Group - Key news
- Sany Group - Key offerings
- SWOT
14.18 Toyota Industries Corp.
- Toyota Industries Corp. - Overview
- Toyota Industries Corp. - Business segments
- Toyota Industries Corp. - Key news
- Toyota Industries Corp. - Key offerings
- Toyota Industries Corp. - Segment focus
- SWOT

15 Appendix

15.1 Scope of the report
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations