Forklift Truck Market by Fuel Type (Diesel, Gasoline, Electric), Class (Class 1, Class 2, Class 3, Class 4, Class 5, and Others) and End Use (Manufacturing, Freight & Logistics, Wholesale & Retail Distribution): Competitive Market Share & Forecast, 2021 – 2027

ID: VPR/A&T/111 Publishing Year: July 2020 Pages: 257 Format:   


Global Forklift Truck Market was valued at $45.03 million in 2019, and is expected to reach $81.45 million by 2027, registering a CAGR of 7.69 % from 2020 to 2027.

The Forklift Truck is an industrial powered vehicle usedover a short distance for lifting and moving goods. Forklift Trucks are usually used at places such as dockyards, warehouses and industrial premises. Forklift Trucks mostly use gasoline-powered engines, diesel engines or electric motors. Forklift truck has two power-operated horizontal forks that can be lifted up and can be lowered for loading, unloading goods and transporting goods over short distances. Forklift Trucks are categorized by weight and specifications into different classes such as class 1, class 2, class 3, class 4, and others.

Rapid growth in manufacturing industry is the prime factor driving the growth of Forklift Trucks Market. Moreover, increasing acceptance of e-commerce by customers and rising investment by leading retail chains for expansion & growth are factors driving the market growth for Forklift Trucks. However, high maintenance cost and high cost of battery operated Forklift Trucks hampers the market growth. Conversely, Autonomous Forklift Trucks and increase in demand for battery operated Forklift Trucks offers lucrative growth opportunity for the players operating in the Forklift Truck Industry.

Segment Insight

The Forklift Truck Market is segmented based on Fuel Type, Class, End-Use and Region.

Based on Fuel Type, it is classified into diesel, gasoline and electric.

Based on Class, it is divided into class 1, class 2, class 3, class 4, class 5, and others.

Based on End-Use it is classified into manufacturing, freight & logistics, wholesale & retail distribution.

By Fuel Type Insight

The Forklift Truck Market is segmented by fuel into diesel, gasoline and electric.Electric forklifts are swiftly adopted since they are environmental friendly and have low operating & maintenance costs.

By ClassInsight

The Forklift Truck Market is segmented by classintoclass 1, class 2, class 3, class 4, class 5, and others.

By End-use Insight

The Forklift Truck Market is segmented by end-use into manufacturing, freight & logistics, wholesale & retail distribution.

Major Key Players of Global Forklift truckMarket

The report provides a comprehensive analysis of the key Players Operating in the Global Forklift Truck Market, such asKION Group AG, Jungheinrich group, Toyota Industries Corporation, Mitsubishi Nichiyu Forklift Corporation, Crown Equipment Corporation, Hyundai Heavy Industries, Komatsu Limited, Hyster-Yale Material handling Inc., Lonking Machinery Co., Ltd., Hangcha. Most of the key players in forklift truckare focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Forklift TruckMarket key Segments:

By Fuel Type

  • Diesel
  • Gasoline
  • Electric

By Class

  • Class 1
  • Class 2
  • Class 3
  • Class 4
  • Class 5
  • Others

By End-use

  • Manufacturing
  • Freight & logistics
  • Wholesale & retail distribution

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA


Frequently Asked Questions
The Forklift Market is growing at the rate of 7.69%.
KION Group AG, Jungheinrich group, Toyota Industries Corporation, Mitsubishi Nichiyu Forklift Corporation, Crown Equipment Corporation, Hyundai Heavy Industries, Komatsu Limited, Hyster-Yale Material handling Inc., Lonking Machinery Co., Ltd., Hangcha.
Class III will be the Leading Class Segment in the Forklift Truck Market in Future.
Rapid growth in manufacturing industry is the prime factor driving the growth of Forklift Trucks Market. Moreover, increasing acceptance of e-commerce by customers and rising investment by leading retail chains for expansion & growth are factors driving the market growth for Forklift Trucks.
LAMEA

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’SOVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4 FORKLIFT TRUCK MARKET, BY FUEL TYPE

4.1. SYNOPSIS

4.1.1. Market size and forecast

4.2. DIESEL

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. GASOLINE

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

4.4. ELECTRIC

4.4.1. Key market trends

4.4.2. Growth factors and opportunities

4.4.3. Market size and forecast

CHAPTER 5 FORKLIFT TRUCKMARKET, BY CLASS

5.1. SYNOPSIS

5.1.1. Market size and forecast

5.2. CLASS 1

5.2.1. Key market trends

5.2.2. Growth factors and opportunities

5.2.3. Market size and forecast

5.3. CLASS 2

5.3.1. Key market trends

5.3.2. Growth factors and opportunities

5.3.3. Market size and forecast

5.4. CLASS 3

5.4.1. Key market trends

5.4.2. Growth factors and opportunities

5.4.3. Market size and forecast

5.5. CLASS 4

5.5.1. Key market trends

5.5.2. Growth factors and opportunities

5.5.3. Market size and forecast

5.6. CLASS 5

5.6.1. Key market trends

5.6.2. Growth factors and opportunities

5.6.3. Market size and forecast

5.7. OTHERS

5.7.1. Key market trends

5.7.2. Growth factors and opportunities

5.7.3. Market size and forecast

CHAPTER 6FORKLIFT TRUCKMARKET, BY END USE

6.1. SYNOPSIS

6.1.1. Market size and forecast

6.2. MANUFACTURING

6.2.1. Market size and forecast

6.3. FRIEGHT & LOGISTICS

6.3.1. Market size and forecast

6.4. WHOLESALE & RETAIL DISTRIBUTION

6.4.1. Market size and forecast

CHAPTER 7FORKLIFT TRUCKMARKET, BY REGION

7.1 SYNOPSIS

7.2 North America

7.2.1 Key market trends

7.2.2 Competitive scenario

7.2.3 Key growth factors and opportunities

7.2.4 Market size and forecast

7.3 Europe

7.3.1 Key market trends

7.3.2 Competitive scenario

7.3.3 Key growth factors and opportunities

7.3.4 Market size and forecast

7.4 Asia Pacific

7.4.1 Key market trends

7.4.2 Competitive scenario

7.4.3 Key growth factors and opportunities

7.4.4 Market size and forecast

7.5 LAMEA

7.5.1 Key market trends

7.5.2 Key growth factors and opportunities

7.5.3 Market size and forecast

CHAPTER 8 COMPANY PROFILES

8.1. KION GROUP AG

8.1.1. Company overview

8.1.2. Company snapshot

8.1.3. Product portfolio

8.1.4. Business performance

8.1.5. Key strategic moves and developments

8.2. JUNGHE INRICH GROUP

8.2.1. Company overview

8.2.2. Company snapshot

8.2.3. Operating business segments

8.2.4. Product portfolio

8.2.5. Business performance

8.2.6. Key strategic moves and developments

8.3. TOYOTA INDUSTRIES CORPORATION

8.3.1. Company overview

8.3.2. Company snapshot

8.3.3. Operating business segments

8.3.4. Product portfolio

8.3.5. Business performance

8.3.6. Key strategic moves and developments

8.4. MITSUBISHI NICHIYU FORKLIFT CORPORATION

8.4.1. Company overview

8.4.2. Company snapshot

8.4.3. Operating business segments

8.4.4. Product portfolio

8.4.5. Business performance

8.4.6. Key strategic moves and developments

8.5. CROWN EQUIPMENT CORPORATION

8.5.1. Company overview

8.5.2. Company snapshot

8.5.3. Operating business segments

8.5.4. Product portfolio

8.5.5. Business performance

8.5.6. Key strategic moves and developments

8.6. HYUNDAI HEAVY INDUSTRIES

8.6.1. Company overview

8.6.2. Company Snapshot

8.6.3. Operating business segments

8.6.4. Product portfolio

8.6.5. Business performance

8.6.6. Key strategic moves and developments

8.7. KOMATSU LIMITED

8.7.1. Company overview

8.7.2. Company snapshot

8.7.3. Operating business segments

8.7.4. Product portfolio

8.7.5. Business performance

8.7.6. Key strategic moves and developments

8.8. HYSTER-YALE MATERIAL HANDLING INC.

8.8.1. Company overview

8.8.2. Company snapshot

8.8.3. Operating business segments

8.8.4. Product portfolio

8.8.5. Business performance

8.8.6. Key strategic moves and developments

8.9. LONKING MACHINERY CO., LTD.

8.8.1. Company overview

8.9.2. Company snapshot

8.9.3. Operating business segments

8.9.4. Product portfolio

8.9.5. Business performance

8.9.6. Key strategic moves and developments

8.10. HANGCHA

8.10.1. Company overview

8.10.2. Company snapshot

8.10.3. Product portfolio

8.10.4. Key strategic moves and developments

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