Forklift Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Report Code: ZMR-3338 | Report Format : | Status : Upcoming |


Global Forklift Market: Overview

Forklift is a small industrial vehicle, having a power operated forked platform attached at the front to lift and move material over a short distances. Some forklifts allow operators to sit while operating and driving the machine. It is being widely used all over the industry for transporting goods and material. Forklifts consist of a variety of components to handle the task effectively.

Global Forklift Market: Growth Factors

The major factors driving the global forklift market are strong demand for forklift truck replacement in developed markets, growing e-commerce business across the globe. Increasing demand for bulk investment in the purchase of low-cost forklift trucks in emerging market, technological enhancement, and expansion of warehouse space globally will drive the growth of the forklift market. The use of a forklift for moving and lifting material over a short distance is the main factor behind its accelerated demand. However increases in third-party logistics services, the high cost of battery operated, and fuel cell forklift are hindering the growth of the market. Volatility in the global market is one of the major challenges in the global forklift market. Further, development of intelligence forklift is one of the key trends in the global forklift market. In addition, an increasing trend of hydrogen power truck as they are cost-effective and eco-friendly will surge the demand of this market in the next five year.

Global Forklift Market: Segmentation

The global forklift market segmented into fuel, product, application, technology, class, and region. On the basis of fuel, the global forklift market is segmented into diesel, battery electric, and LPG/CNG. By product, the market is divided into warehouse and counterbalance. Application wise, the market is classified into freight and logistics, retail & wholesale, manufacturing, automotive, food industry, and others. By technology, the market is fragmented into electric powered, and internal combustion (IC) powered. On the basis of class the market is fragmented into class I, class II, class III, class IV, and class V. Geographically, the market is segmented into Europe, North America, Middle East, and Africa, Latin America, and the Asia Pacific.

Global Forklift Market: Regional Analysis

By region, Asia Pacific is the largest market for the forklift across the globe due to the presence of a large number of production facilities, high economic growth, heavy logistics activities, and adoption of advanced technology. China is expected to exhibit the fastest growth over the forecast period owing to the favorable economic environment and technological advancement. Europe is the second largest regional market for a forklift with Germany in the front position and Netherland, France, Spain, UK, Italy, Sweden, and Belgium are other attractive markets for a forklift. North America is one of the most profitable regional markets for a forklift. Middle Eastern Africa will also be a significant provider of the revenue of the global forklift market including Iran, Turkey, South Africa, and Saudi Arabia.

Global Forklift Market: Competitive Players

Some of the key market players operating in the global forklift market are Mitsubishi Nichiyu Forklift Co., Ltd., Hyster-Yale Materials Handling, Inc., Toyota Industries Corporation, Crown Equipment Corporation, Jungheinrich AG, UniCarriers Americas, Anhui HELI Co. Ltd., Clark Material Handling Company, Doosan Industrial Vehicle America Corp., Hyundai Heavy Industries, Combilift, KION Group AG, and Lonking Holdings Limited, among others.

Global Forklift Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

CNC Machine Market By Type (CNC Lathe, CNC Milling, CNC Grinding Machine, CNC Welding, and CNC Winding) and By Application (Machinery Manufacturing, Automobiles, Electronics, Healthcare, and Aerospace & Defense): Global Industry Perspective, Comprehensive, Analysis, and Forecast, 2018–2025

Jul-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4403 | Report Format:

The report encompasses a forecast and an analysis of the CNC machine market on a global and regional level. The study provides historical information from 2016 to 2018 along with a forecast from 2019 to 2025 based on volume (K Units) and revenue (USD Billion). The assisting growth factors and obst...Read More

Industrial Generator Sets Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4274 | Report Format:

Global Industrial Generator Sets Market: Overview The product is mainly installed to provide electricity during the time of emergency or when there is a failure of the power grid. Industrial generator set provides primary power to the location where the access to the grid is not available. In ad...Read More

LPG Vaporizer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2025

Price : $ 3999.00 | Report Code: ZMR-4256 | Report Format:

Global LPG Vaporizer Market: Overview LPG Vaporizer helps the liquefied petroleum gas to enter the vaporizer as liquid and exit from it in the gaseous state. These products are a part of various kinds of LPG as well as propane-driven systems. The LPG comprises of propane and butane. The LPG vapo...Read More

Gas Generator Sets Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4245 | Report Format:

Global Gas Generator Sets Market: Overview Gas generator sets are the instruments for producing gas. They can produce gas through chemical reaction or from the liquid as well as a solid source when preserving a pressurized gas is not viable. Global Gas Generator Sets Market: Growth Factors T...Read More

Boiler Control Market by Boiler Type (Water Tube Boiler and Fire Tube Boiler), by Component (Hardware, and Software), by Control Type (Modulating and On/Off), and By End-Use Industry (Industrial, Commercial, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Jun-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4229 | Report Format:

This report offers a comprehensive glance at the boiler control market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based revenue (USD Billion) and volume (K Units). The complete study covers the key drivers and restra...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.