Forklift Market - Global Industry Analysis

Forklift Market - By Class (Class 1, Class 2, Class 3, and Class 4 & 5 & 5), By Tonnage Capacity (5 Ton, 5–10 Ton, 11–36 Ton, and More Than 36 Ton), By Application (Wholesale & Retail Distribution, Manufacturing, Freight & Logistics, and Others), By Fuel Type (Battery-Electric, Diesel, and Gasoline & LPG/CNG), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 16-Jul-2020 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-3338 Status : Published

Global Forklift market, which accrued nearly 17.12 (USD Billion) in 2019, is set to record the CAGR of nearly 2.45% over the period from 2020 to 2026.

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Description

The global Forklift market, which accrued nearly 17.12 (USD Billion) in 2019, is set to record the CAGR of nearly 2.45% over the period from 2020 to 2026. The report offers assessment and analysis of the Forklift market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric	Details
Base Year	2019
Historical Data	2017 and 2018
Forecast period	2020-2026
Market Representation	Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026
Segments Analyzed	By Class, By Tonnage Capacity, By Application, By Fuel Type, and By Region
Regions Analyzed	North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Forklift, which is also referred as lift truck or forklift truck, is a type of industrial truck that is utilized to lift & move substances over short distances. Furthermore, the equipment was produced in early twentieth century. Today, the usage & development of forklift have expanded globally. Forklift has become a key equipment of utility in production & warehousing activities.

Moreover, forklifts are heavy duty electric lift trucks and are extensively utilized to lift as well as transport heavy products like container goods and crates over a minimal distance. They are massively utilized in dockyards, warehousing functionalities, and recycling functions for performing loading as well as unloading of products from vehicles. It also moved packaged goods cross the storage area. Apparently, forklift is driven by electrical battery & internal combustion engines.

Market Growth Dynamics

Massive acceptance of online shopping among the end-users and huge funding of major players in the retail sector for production of the equipment will steer the market expansion over the forthcoming years. Technological breakthroughs for enhancing the output in the manufacturing sector will push the growth of the business during the estimated timeline. Apart from this, rise in the ecommerce activities and thriving logistics & warehousing sector will contribute sizably towards the market size in the ensuing timespan.

Furthermore, surge in construction activities along will infrastructural funding will prop up the growth of the market over the forecasting years. Strict emission laws will steer the need for electrical forklifts & battery-driven forklifts in the years ahead.

Asia Pacific Market To Contribute Sizable Revenue During Forecast Period

The growth of the market in Asia Pacific during forecast timespan is due to surge in the forklift sales. Apart from this, requirement for secured working conditions in myriad industries along with growing necessity for proficient & automated material handling of products in the building & construction sector will propel the demand for forklift trucks in the Asia Pacific zone. This, in turn, will expedite the business scope in the region over the estimated timeframe.

Key players in the forklift industry include KION Group AG, Mitsubishi Nichiyu Forklift Co., Ltd., Hyundai Heavy Industries, Jungheinrich AG, Toyota Industries Corporation, Doosan Industrial Vehicle America Corp., Crown Equipment Corporation, Anhui HELI Co. Limited, Clark Material Handling Company, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., Komatsu Ltd., UniCarriers Americas, Lonking Holdings Limited, and Combilift.

The global forklift market is segmented as follows:

By class:

Class 1
Class 2
Class 3
Class 4 & 5 & 5

By tonnage capacity:

Less than 5 ton
5–10 ton
11–36 ton
More than 36 ton

By application:

Freight & logistics
Manufacturing
Wholesale & Retail distribution
Others

By fuel type:

Battery-Electric
Diesel
Gasoline & LPG/CNG

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
  - 1.3.1. Market Research Source
  - 1.3.2. Market Research Methodology
Chapter 2. Executive Summary
- 2.1. Forklift Market , 2016–2026(USD Billion)
- 2.2. Forklift Market : Snapshot
Chapter 3. Global Forklift Market – Industry Analysis
- 3.1. Forklift Market : Market Dynamics
- 3.2. Market Drivers
  - 3.2.1. Massive acceptance of online shopping among the end-users and huge funding of major players in the retail sector for production of the equipment, thereby steering the market trends.
  - 3.2.2. Surge in construction activities along will infrastructural funding will prop up the growth of the market over 2020-2026.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
  - 3.4.1. Market attractiveness analysis By Class
  - 3.4.2. Market attractiveness analysis By Tonnage Capacity
  - 3.4.3. Market attractiveness analysis By Application
  - 3.4.4. Market attractiveness analysis By Fuel Type
Chapter 4. Global Forklift Market – Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global Forklift Market : company market share, 2019
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New Product launches
  - 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
Chapter 5. Global Forklift Market – Class Analysis
- 5.1. Global Forklift Market overview: By Class
  - 5.1.1. Global Forklift Market share, By Class, 2019 and 2026
- 5.2. Class 1
  - 5.2.1. Global Forklift Market By Class 1, 2016–2026(USD Billion)
- 5.3. Class 2
  - 5.3.1. Global Forklift Market By Class 2, 2016–2026(USD Billion)
- 5.4. Class 3
  - 5.4.1. Global Forklift Market By Class 3, 2016–2026(USD Billion)
- 5.5. Class 4 & 5
  - 5.5.1. Global Forklift Market By Class 4 & 5, 2016–2026(USD Billion)
Chapter 6. Global Forklift Market – Tonnage Capacity Analysis
- 6.1. Global Forklift Market overview: By Tonnage Capacity
  - 6.1.1. Global Forklift Market share, By Tonnage Capacity , 2019 and 2026
- 6.2. 5 Ton
  - 6.2.1. Global Forklift Market By 5 Ton, 2016–2026(USD Billion)
- 6.3. 5–10 Ton
  - 6.3.1. Global Forklift Market By 5–10 Ton, 2016–2026(USD Billion)
- 6.4. 11–36 Ton
  - 6.4.1. Global Forklift Market By 11–36 Ton, 2016–2026(USD Billion)
- 6.5. More Than 36 Ton
  - 6.5.1. Global Forklift Market By More Than 36 Ton, 2016–2026(USD Billion)
Chapter 7. Global Forklift Market – Application Analysis
- 7.1. Global Forklift Market overview: By Application
  - 7.1.1. Global Forklift Market share, By Application, 2019 and 2026
- 7.2. Whulesale & Retail Distribution
  - 7.2.1. Global Forklift Market By Whulesale & Retail Distribution, 2016–2026(USD Billion)
- 7.3. Manufacturing
  - 7.3.1. Global Forklift Market By Manufacturing, 2016–2026(USD Billion)
- 7.4. Freight & Logistics
  - 7.4.1. Global Forklift Market By Freight & Logistics, 2016–2026(USD Billion)
- 7.5. Others
  - 7.5.1. Global Forklift Market By Others, 2016–2026(USD Billion)
Chapter 8. Global Forklift Market – Fuel Type Analysis
- 8.1. Global Forklift Market overview: By Fuel Type
  - 8.1.1. Global Forklift Market share, By Fuel Type , 2019 and 2026
- 8.2. Battery-Electric
  - 8.2.1. Global Forklift Market By Battery-Electric, 2016–2026(USD Billion)
- 8.3. Diesel
  - 8.3.1. Global Forklift Market By Diesel, 2016–2026(USD Billion)
- 8.4. Gasuline & LPG/CNG
  - 8.4.1. Global Forklift Market By Gasuline & LPG/CNG, 2016–2026(USD Billion)
Chapter 9. Company Profiles
- 9.1. Jungheinrich AG
  - 9.1.1. Overview
  - 9.1.2. Financials
  - 9.1.3. Product Portfolio
  - 9.1.4. Business Strategy
  - 9.1.5. Recent Developments
- 9.2. Toyota Industries Corporation
  - 9.2.1. Overview
  - 9.2.2. Financials
  - 9.2.3. Product Portfolio
  - 9.2.4. Business Strategy
  - 9.2.5. Recent Developments
- 9.3. Crown Equipment Corporation
  - 9.3.1. Overview
  - 9.3.2. Financials
  - 9.3.3. Product Portfolio
  - 9.3.4. Business Strategy
  - 9.3.5. Recent Developments
- 9.4. KION Group AG
  - 9.4.1. Overview
  - 9.4.2. Financials
  - 9.4.3. Product Portfolio
  - 9.4.4. Business Strategy
  - 9.4.5. Recent Developments
- 9.5. Hyster-Yale Materials Handling, Inc.
  - 9.5.1. Overview
  - 9.5.2. Financials
  - 9.5.3. Product Portfolio
  - 9.5.4. Business Strategy
  - 9.5.5. Recent Development
- 9.6. Mitsubishi Nichiyu Forklift Co., Ltd.
  - 9.6.1. Overview
  - 9.6.2. Financials
  - 9.6.3. Product Portfolio
  - 9.6.4. Business Strategy
  - 9.6.5. Recent Development
- 9.7. Komatsu Ltd.
  - 9.7.1. Overview
  - 9.7.2. Financials
  - 9.7.3. Product Portfolio
  - 9.7.4. Business Strategy
  - 9.7.5. Recent Development
- 9.8. UniCarriers Americas
  - 9.8.1. Overview
  - 9.8.2. Financials
  - 9.8.3. Product Portfolio
  - 9.8.4. Business Strategy
  - 9.8.5. Recent Development
- 9.9. Lonking Huldings Limited
  - 9.9.1. Overview
  - 9.9.2. Financials
  - 9.9.3. Product Portfolio
  - 9.9.4. Business Strategy
  - 9.9.5. Recent Development
- 9.10. Anhui HELI Co. Ltd.
  - 9.10.1. Overview
  - 9.10.2. Financials
  - 9.10.3. Product Portfolio
  - 9.10.4. Business Strategy
  - 9.10.5. Recent Development
- 9.11. Hangcha Group Co., Ltd.
  - 9.11.1. Overview
  - 9.11.2. Financials
  - 9.11.3. Product Portfolio
  - 9.11.4. Business Strategy
  - 9.11.5. Recent Development
- 9.12. Clark Material Handling Company
  - 9.12.1. Overview
  - 9.12.2. Financials
  - 9.12.3. Product Portfolio
  - 9.12.4. Business Strategy
  - 9.12.5. Recent Development
- 9.13. Doosan Industrial Vehicle America Corp.
  - 9.13.1. Overview
  - 9.13.2. Financials
  - 9.13.3. Product Portfolio
  - 9.13.4. Business Strategy
  - 9.13.5. Recent Development
- 9.14. Hyundai Heavy Industries
  - 9.14.1. Overview
  - 9.14.2. Financials
  - 9.14.3. Product Portfolio
  - 9.14.4. Business Strategy
  - 9.14.5. Recent Development
- 9.15. Combilift
  - 9.15.1. Overview
  - 9.15.2. Financials
  - 9.15.3. Product Portfolio
  - 9.15.4. Business Strategy
  - 9.15.5. Recent Development

Table Of Figures

List of Figures

1. Market research Class
2. Market research methodology
3. Global Forklift Market , 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Forklift Market attractiveness, By Class
6. Global Forklift Market attractiveness, By Tonnage Capacity
7. Global Forklift Market attractiveness, By Application
8. Global Forklift Market attractiveness, By Fuel Type
9. Global Forklift Market Share by Class,2019 and 2026 (USD Billion)
10. Global Forklift Market by Class 1,2016–2026(USD Billion)
11. Global Forklift Market by Class 2,2016–2026(USD Billion)
12. Global Forklift Market by Class 3,2016–2026(USD Billion)
13. Global Forklift Market by Class 4 & 5,2016–2026(USD Billion)
14. Global Forklift Market Share by Tonnage Capacity ,2019 and 2026 (USD Billion)
15. Global Forklift Market by 5 Ton,2016–2026(USD Billion)
16. Global Forklift Market by 5–10 Ton,2016–2026(USD Billion)
17. Global Forklift Market by 11–36 Ton,2016–2026(USD Billion)
18. Global Forklift Market by More Than 36 Ton,2016–2026(USD Billion)
19. Global Forklift Market Share by Application,2019 and 2026 (USD Billion)
20. Global Forklift Market by Wholesale & Retail Distribution,2016–2026(USD Billion)
21. Global Forklift Market by Manufacturing,2016–2026(USD Billion)
22. Global Forklift Market by Freight & Logistics,2016–2026(USD Billion)
23. Global Forklift Market by Others,2016–2026(USD Billion)
24. Global Forklift Market Share by Fuel Type,2019 and 2026 (USD Billion)
25. Global Forklift Market by Battery-Electric,2016–2026(USD Billion)
26. Global Forklift Market by Diesel,2016–2026(USD Billion)
27. Global Forklift Market by Gasoline & LPG/CNG,2016–2026(USD Billion)
28. Global Forklift Market share, by Region, 2019 and 2026
29. North America Forklift Market , 2016–2026(USD Billion)
30. Europe Forklift Market , 2016–2026(USD Billion)
31. Asia Pacific Forklift Market , 2016–2026(USD Billion)
32. Latin America Forklift Market , 2016–2026(USD Billion)
33. The Middle East and Africa Forklift Market , 2016–2026(USD Billion)

Table Of Tables

List of Tables

1. Global Forklift Market : snapshot
2. Drivers of the Forklift Market : impact analysis
3. North America Forklift Market revenue, By Class, 2016–2026(USD Billion)
4. North America Forklift Market revenue, By Tonnage Capacity ,2016–2026(USD Billion)
5. North America Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
6. North America Forklift Market revenue, By Application ,2016–2026(USD Billion)
7. The U.S. Forklift Market revenue, By Class, 2016–2026(USD Billion)
8. The U.S. Forklift Market revenue, By Tonnage Capacity ,2016–2026(USD Billion)
9. The U.S. Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
10. The U.S. Forklift Market revenue, By Application ,2016–2026(USD Billion)
11. Rest of North America Forklift Market revenue, By Class, 2016–2026(USD Billion)
12. Rest of North America Forklift Market revenue, By Tonnage Capacity ,2016–2026(USD Billion)
13. Rest of North America Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
14. Rest of North America Forklift Market revenue, By Application ,2016–2026(USD Billion)
15. Europe Forklift Market revenue, By Class, 2016–2026(USD Billion)
16. Europe Forklift Market revenue, By Tonnage Capacity ,2016–2026(USD Billion)
17. Europe Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
18. Europe Forklift Market revenue, By Application ,2016–2026(USD Billion)
19. UK Forklift Market revenue, By Class, 2016–2026(USD Billion)
20. UK Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
21. UK Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
22. UK Forklift Market revenue, By Application ,2016–2026(USD Billion)
23. France Forklift Market revenue, By Class, 2016–2026(USD Billion)
24. France Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
25. France Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
26. France Forklift Market revenue, By Application ,2016–2026(USD Billion)
27. Germany Forklift Market revenue, By Class, 2016–2026(USD Billion)
28. Germany Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
29. Germany Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
30. Germany Forklift Market revenue, By Application ,2016–2026(USD Billion)
31. Rest of Europe Forklift Market revenue, By Class, 2016–2026(USD Billion)
32. Rest of Europe Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
33. Rest of Europe Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
34. Rest of Europe Forklift Market revenue, By Application ,2016–2026(USD Billion)
35. Asia Pacific Forklift Market revenue, By Class, 2016–2026(USD Billion)
36. Asia Pacific Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
37. Asia Pacific Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
38. Asia Pacific Forklift Market revenue, By Application ,2016–2026(USD Billion)
39. China Forklift Market revenue, By Class, 2016–2026(USD Billion)
40. China Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
41. China Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
42. China Forklift Market revenue, By Application ,2016–2026(USD Billion)
43. Japan Forklift Market revenue, By Class, 2016–2026(USD Billion)
44. Japan Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
45. Japan Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
46. Japan Forklift Market revenue, By Application ,2016–2026(USD Billion)
47. India Forklift Market revenue, By Class, 2016–2026(USD Billion)
48. India Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
49. India Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
50. India Forklift Market revenue, By Application ,2016–2026(USD Billion)
51. Rest of Asia Pacific Forklift Market revenue, By Class, 2016–2026(USD Billion)
52. Rest of Asia Pacific Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
53. Rest of Asia Pacific Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
54. Rest of Asia Pacific Forklift Market revenue, By Application ,2016–2026(USD Billion)
55. Latin America Forklift Market revenue, By Class, 2016–2026(USD Billion)
56. Latin America Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
57. Latin America Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
58. Latin America Forklift Market revenue, By Application ,2016–2026(USD Billion)
59. Brazil Forklift Market revenue, By Class, 2016–2026(USD Billion)
60. Brazil Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
61. Brazil Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
62. Brazil Forklift Market revenue, By Application ,2016–2026(USD Billion)
63. Rest of Latin America Forklift Market revenue, By Class, 2016–2026(USD Billion)
64. Rest of Latin America Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
65. Rest of Latin America Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
66. Rest of Latin America Forklift Market revenue, By Application ,2016–2026(USD Billion)
67. The Middle East and Africa Forklift Market revenue, By Class, 2016–2026(USD Billion)
68. The Middle East and Africa Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
69. The Middle East and Africa Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
70. The Middle East and Africa Forklift Market revenue, By Application ,2016–2026(USD Billion)
71. Saudi Arabia Forklift Market revenue, By Class, 2016–2026(USD Billion)
72. Saudi Arabia Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
73. Saudi Arabia Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
74. Saudi Arabia Forklift Market revenue, By Application ,2016–2026(USD Billion)
75. South Africa Forklift Market revenue, By Class, 2016–2026(USD Billion)
76. South Africa Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
77. South Africa Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
78. South Africa Forklift Market revenue, By Application ,2016–2026(USD Billion)
79. Rest of the Middle East & Africa Forklift Market revenue, By Class, 2016–2026(USD Billion)
80. Rest of the Middle East & Africa Forklift Market revenue, By Tonnage Capacity , 2016–2026(USD Billion)
81. Rest of the Middle East & Africa Forklift Market revenue, By Fuel Type, 2016–2026(USD Billion)
82. Rest of the Middle East & Africa Forklift Market revenue, By Application ,2016–2026(USD Billion)

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FrequentlyAsked Questions

Which key factors will influence the industry growth over 2020-2026?

Massive acceptance of online shopping among the end-users and huge funding of major players in the retail sector for production of the equipment will drive the business landscape during forecast timespan.

What will be the CAGR of the industry during 2020-2026?

The CAGR of the industry is expected to be over 2.45% during the forecast timeline.

Which region will contribute notably towards the global market proceeds?

Asia Pacific region will contribute lucratively towards the global market revenue over the estimated timeline.

Which are the major players influencing the market growth?

The key market participants include Jungheinrich AG, Toyota Industries Corporation, Crown Equipment Corporation, KION Group AG, Hyster-Yale Materials Handling, Inc., Mitsubishi Nichiyu Forklift Co., Ltd., Komatsu Ltd., UniCarriers Americas, Lonking Holdings Limited, Anhui HELI Co. Ltd Limited, Hangcha Group Co., Ltd., Clark Material Handling Company, Doosan Industrial Vehicle America Corp., Hyundai Heavy Industries, and Combilift..