Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: The Business Research Company | PRODUCT CODE: 1249151

Cover Image

PUBLISHER: The Business Research Company | PRODUCT CODE: 1249151

Forklift Truck Global Market Report 2023

Published: Pre-Order
PAGES: 200 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
PDF (Single User License)
USD 4000
PDF (Site License)
USD 6000
PDF (Enterprise License)
USD 8000

Add to Cart

Contact us about how to customize the report with add-on data.

“Forklift Truck Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on forklift truck market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for forklift truck? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The forklift truck market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Counterbalance; Warehouse

2) By Technology: Electric Power; Internal Combustion Engine

3) By Class: Class I; Class II; Class III; Class IV; Class V

4) By End-User: Retail and Wholesale; Logistics; Automotive; Food Industry; Other End Users

Companies Mentioned: Anhui HELI Co.Ltd; Crown Equipment Corporation; Godrej & Boyce Mfg. Co. Ltd.; Hangcha Group Co. Ltd.; Hyster-Yale Materials Handling Inc.,

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the forklift truck market are: Anhui HELI Co.Ltd., Crown Equipment Corporation, Godrej & Boyce Mfg. Co. Ltd., Hangcha Group Co. Ltd., Hyster-Yale Materials Handling Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Mitsubishi Logisnext Co. Ltd., Toyota Industries Corporation, Clark Material Handling Company, Combilift Ltd., Doosan Industrial Vehicle, EP Equipment, Hyundai Heavy Industries Co. Ltd., Lift Technologies Inc., Linde Material Handling, Lonking Machinery Co. Ltd., The Raymond Corporation, and UniCarriers Americas Corporation.

The global forklift truck market grew from $56.56 billion in 2022 to $62.16 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The forklift truck market is expected to grow to $89.74 billion in 2027 at a CAGR of 9.6%.

The forklift truck market consists of sales of forks, tilt cylinder, side shift lever, tilt lever, and more. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A forklift truck refers to a powered industrial truck that consists of a small truck frame with a front-facing assembly for lifting and carrying the load. These trucks are used to lift and move objects over short distances. Forklifts are available in different specifications as per their weight carrying capacity and the requirements of the place of use, and may or may not require a driver for them to be operated.

Asia-Pacific was the largest region in the forklift truck market in 2022. The regions covered in the forklift truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main product types in the forklift truck market are counterbalance, warehouse. The counterbalance forklifts are used to lift a wide range of weights, ranging from 1.8 t to 48 t. It refers to a forklift that has a heavy counterweight to offset the load that is being carried in the front. The different technologies include electric power and IC engines, and they are available in various classes such as class I, class II, class III, class IV, and class V. It is employed in retail and wholesale, logistics, automotive, the food industry, and other end users.

The growing construction industry is expected to propel the growth of the forklift truck market going forward. Construction refers to the building of residential, commercial, industrial, institutional, and infrastructure types of construction. These forklift trucks are used in the construction industry for various tasks such as unloading pallets of blocks or bricks, steel joists, and construction equipment and materials, especially in hauling them from the delivery truck and carrying them to the construction site. For instance, according to the Office of National Statistics UK, the monthly construction output increased by 3.5% in volume in November 2021. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the growing construction industry is driving the growth of the forklift truck market.

New product innovations have emerged as the key trend gaining popularity in the forklift truck market. Major companies operating in the forklift truck sector are focused on developing new technological advancements to increase their market share. For instance, in April 2020, Toyota Material Handling, a subsidiary of Toyota Industries, a Japan-based manufacturer of automobiles, launched electric forklifts that are designed by using unique alternating current (AC) motors that help to control overall energy and operational costs for superior operability. They have a capacity of 3,000 and 3,500 pounds each to increase productivity. In comparison to earlier models, this electric forklift truck can travel and lift objects at speeds that are up to 27% faster and has a runtime that is up to 12% longer.

In July 2022, Alta Group, a US-based provider of industrial forklifts, acquired Yale Industrial Trucks for an undisclosed amount. This transaction opens up new overseas markets for Alta's business while connecting its current U.S. regions. The purchase of YIT is in line with Alta's expansion strategy, which involves entering new areas that have significant prospects to extend the scope of Alta's operations. Yale Industrial Trucks is a Canada-based manufacturer of materials handling and warehouse lift equipment including forklifts, narrow aisle trucks and motorized hand trucks.

The countries covered in the forklift truck market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The forklift truck market research report is one of a series of new reports from The Business Research Company that provides forklift truck market statistics, including forklift truck industry global market size, regional shares, competitors with a forklift truck market share, detailed forklift truck market segments, market trends and opportunities, and any further data you may need to thrive in the forklift truck industry. This forklift truck market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Product Code: r4114

Table of Contents

1. Executive Summary

2. Forklift Truck Market Characteristics

3. Forklift Truck Market Trends And Strategies

4. Forklift Truck Market - Macro Economic Scenario

  • 4.1 COVID-19 Impact On Forklift Truck Market
  • 4.2 Ukraine-Russia War Impact On Forklift Truck Market
  • 4.3 Impact Of High Inflation On Forklift Truck Market

5. Forklift Truck Market Size And Growth

  • 5.1. Global Forklift Truck Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Forklift Truck Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Forklift Truck Market Segmentation

  • 6.1. Global Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Counterbalance
  • Warehouse
  • 6.2. Global Forklift Truck Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Electric Power
  • Internal Combustion Engine
  • 6.3. Global Forklift Truck Market, Segmentation By Class, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Class I
  • Class II
  • Class III
  • Class IV
  • Class V
  • 6.4. Global Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Retail and Wholesale
  • Logistics
  • Automotive
  • Food Industry
  • Others End Users

7. Forklift Truck Market Regional And Country Analysis

  • 7.1. Global Forklift Truck Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Forklift Truck Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Forklift Truck Market

  • 8.1. Asia-Pacific Forklift Truck Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Forklift Truck Market

  • 9.1. China Forklift Truck Market Overview
  • 9.2. China Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Forklift Truck Market

  • 10.1. India Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Forklift Truck Market

  • 11.1. Japan Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Forklift Truck Market

  • 12.1. Australia Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Forklift Truck Market

  • 13.1. Indonesia Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Forklift Truck Market

  • 14.1. South Korea Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Forklift Truck Market

  • 15.1. Western Europe Forklift Truck Market Overview
  • 15.2. Western Europe Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Forklift Truck Market

  • 16.1. UK Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Forklift Truck Market

  • 17.1. Germany Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Forklift Truck Market

  • 18.1. France Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Forklift Truck Market

  • 19.1. Eastern Europe Forklift Truck Market Overview
  • 19.2. Eastern Europe Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Forklift Truck Market

  • 20.1. Russia Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Forklift Truck Market

  • 21.1. North America Forklift Truck Market Overview
  • 21.2. North America Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Forklift Truck Market

  • 22.1. USA Forklift Truck Market Overview
  • 22.2. USA Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Forklift Truck Market

  • 23.1. South America Forklift Truck Market Overview
  • 23.2. South America Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Forklift Truck Market

  • 24.1. Brazil Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Forklift Truck Market

  • 25.1. Middle East Forklift Truck Market Overview
  • 25.2. Middle East Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Forklift Truck Market

  • 26.1. Africa Forklift Truck Market Overview
  • 26.2. Africa Forklift Truck Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Forklift Truck Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Forklift Truck Market Competitive Landscape And Company Profiles

  • 27.1. Forklift Truck Market Competitive Landscape
  • 27.2. Forklift Truck Market Company Profiles
    • 27.2.1. Anhui HELI Co.Ltd
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Crown Equipment Corporation
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Godrej & Boyce Mfg. Co. Ltd.
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Hangcha Group Co. Ltd.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Hyster-Yale Materials Handling Inc.
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Forklift Truck Market

29. Forklift Truck Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!