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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Forklift Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global forklift trucks market grew at a CAGR of around 7% during 2014-2019. A forklift truck is an industrial machine that consists of two horizontal prongs for loading, unloading and transporting goods and materials over short distances. It is usually operated by a trained machinist and is either powered by electric batteries or combustion engines. Forklift trucks consist of various components, such as truck frame, counterweight, forklift, carriage and hydraulic cylinders that aid in performing multiple industrial tasks efficiently. Owing to these benefits, they find extensive applications in warehouses, factories and dockyards across various industries, including automotive, aerospace, transportation, retail, manufacturing and construction.

The growing construction industry, along with rapid industrialization, is one of the key factors driving the growth of the market. Forklift trucks are highly economical, user-friendly, powerful and easy to maintain. As a result, they are widely used for performing various industrial tasks and handling heavy construction materials, such as wood, steel and mortar. Furthermore, an increasing number of warehouse establishments across the emerging economies is also providing a boost to the market growth. These trucks are utilized in the distribution centers and warehouses for laying and retrieving loads from storage racks, delivering components to assembly lines and positioning materials for further effective handling. Various product innovations, including the development of fuel cell-powered forklift trucks that can operate on hydrogen, are also creating a positive outlook for the market growth. These variants aid in reducing the carbon footprint significantly and enhancing the overall operational efficiency. Other factors, including technological advancements aimed at improving productivity and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, IMARC Group expects the global forklift trucks market to continue its moderate growth during 2020-2025.

Breakup by Product Type:

  • Counterbalanced Forklift Trucks
  • Warehouse Forklift Trucks
     

Breakup by Technology:

  • Electricity Powered
  • Internal Combustion Engine Powered
     

Breakup by Class:

  • Class I
  • Class II
  • Class III
  • Class IV
  • Class V
     

Breakup by Application:

  • Non-Industrial
    • Warehouses and Distribution Centers
    • Construction Sites
    • Dockyards
    • Snow Plows
  • Industrial
    • Manufacturing
    • Recycling Operations
       

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Clark Material Handling Company, Crown Equipment Corporation, Godrej & Boyce, Hyster-Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd, Jungheinrich, KION Group, Mitsubishi Forklift Trucks, Toyota Industries Corporation, etc.

Key Questions Answered in This Report:

  • How has the global forklift trucks market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global forklift trucks market?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the class?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global forklift trucks market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Forklift Trucks Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Counterbalanced Forklift Trucks
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Warehouse Forklift Trucks
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Technology
    7.1    Electricity Powered
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Internal Combustion Engine Powered
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Class
    8.1    Class I
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Class II
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Class III
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Class IV
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Class V
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Application
    9.1    Non-Industrial
        9.1.1 Market Trends
        9.1.2 Major Types
           9.1.2.1 Warehouses and Distribution Centers
           9.1.2.2 Construction Sites
           9.1.2.3 Dockyards
           9.1.2.4 Snow Plows
        9.1.3 Market Forecast
    9.2    Industrial
        9.2.1 Market Trends
        9.2.2 Major Types
           9.2.2.1 Manufacturing
           9.2.2.2 Recycling Operations
        9.2.3 Market Forecast
10    Market Breakup by Region
      10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
     10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.1.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast 
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12   Value Chain Analysis
13   Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Clark Material Handling Company
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    Crown Equipment Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Godrej & Boyce
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Hyster-Yale Materials Handling Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials
        15.3.5    Hyundai Heavy Industries Co. Ltd.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Jungheinrich
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    KION Group
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials
        15.3.8    Mitsubishi Forklift Trucks
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
        15.3.9    Toyota Industries Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Forklift Trucks Market: Major Drivers and Challenges
Figure 2: Global: Forklift Trucks Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Forklift Trucks Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Forklift Trucks Market: Breakup by Technology (in %), 2019
Figure 5: Global: Forklift Trucks Market: Breakup by Class (in %), 2019
Figure 6: Global: Forklift Trucks Market: Breakup by Application (in %), 2019
Figure 7: Global: Forklift Trucks Market: Breakup by Region (in %), 2019
Figure 8: Global: Forklift Trucks Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Forklift Trucks (Counterbalanced) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Forklift Trucks (Counterbalanced) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Forklift Trucks (Warehouse) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Forklift Trucks (Warehouse) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Forklift Trucks (Electricity Powered) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Forklift Trucks (Electricity Powered) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Forklift Trucks (Internal Combustion Engine Powered) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Forklift Trucks (Internal Combustion Engine Powered) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Forklift Trucks (Class I) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Forklift Trucks (Class I) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Forklift Trucks (Class II) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Forklift Trucks (Class II) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Forklift Trucks (Class III) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Forklift Trucks (Class III) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Forklift Trucks (Class IV) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Forklift Trucks (Class IV) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Forklift Trucks (Class V) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Forklift Trucks (Class V) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Forklift Trucks (Non-Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Forklift Trucks (Non-Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Forklift Trucks (Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Forklift Trucks (Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: North America: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: North America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: United States: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: United States: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025`
Figure 35: Canada: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Canada: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Asia Pacific: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Asia Pacific: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: China: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: China: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Japan: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Japan: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: India: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: India: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: South Korea: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: South Korea: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Australia: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Australia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Indonesia: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Indonesia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Others: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Europe: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Europe: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Germany: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Germany: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: France: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: France: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: United Kingdom: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: United Kingdom: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Italy: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Italy: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Spain: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Spain: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Russia: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Russia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Others: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Latin America: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Latin America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Brazil: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Brazil: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Mexico: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Mexico: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Others: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Middle East and Africa: Forklift Trucks Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Middle East and Africa: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Global: Forklift Trucks Industry: SWOT Analysis
Figure 80: Global: Forklift Trucks Industry: Value Chain Analysis
Figure 81: Global: Forklift Trucks Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Forklift Trucks Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Forklift Trucks Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Forklift Trucks Market Forecast: Breakup by Technology (in Million US$), 2020-2025
Table 4: Global: Forklift Trucks Market Forecast: Breakup by Class (in Million US$), 2020-2025
Table 5: Global: Forklift Trucks Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Forklift Trucks Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Forklift Trucks Market: Competitive Structure
Table 8: Global: Forklift Trucks Market: Key Players        

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