Forklift Trucks Market Information by Technology (Electric Powered, and Internal Combustion Engine Powered), by Capacity (Below 5 tons and above 5 tons), By Application (Manufacturing, Logistic, Retail & Wholesale and others) and by Region - Forecast to 2027
ID: MRFR/CO/2144-HCR | February 2021 | Region: Global | 140 pages
Forklift Trucks Market Scenario:
Global Forklift Trucks Market is projected to reach USD 86.2 billion by 2026, at a CAGR of 9.80% from 2019 to 2026.
Forklift trucks are used to lift and move materials within short distances. Forklift trucks are used across various industries such as automotive, food and beverages, construction, consumer goods, e-commerce, and retail. Growing demand from manufacturing industry is the primary driving factor of the forklift trucks market. Increase in productivity, reduced injuries & accidents along with operator comfort are some major factors that have positive influence on the market growth. However, high cost of electric powered forklift trucks is the factor that may hamper the growth of market.
Study Objectives of Global Forklift Trucks Market:
- To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global forklift trucks market
- To provide insights about factors affecting the market growth
- To analyze the global forklift trucks market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, APAC, and Rest of the World (ROW) and their countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market segmented, by technology, by capacity, by applications, and by regions
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the forklift trucks market.
Key Players
The key players of global forklift trucks market are Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (U.S.), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (U.K), The Raymond Corporation (U.S.), Anhui HELI Co., Ltd (China), and Kalmar Global (Finland).
Segmentation
Regional Analysis of Global Forklift Trucks Market
Asia-Pacific dominates the global forklift trucks market followed by Europe. Growth in industrialization in this region, is the primary factor that increases the demand of forklift trucks market. This region is expected to grow at the fastest pace during the forecast period. Europe is another important market and is expected to contribute significantly during the forecast period.
Target Audience
- Manufacturing Organizations
- Distributors & Suppliers
- Government as well as Independent Regulatory Authorities
- Research Institute / Education Institute
- Potential Investors
Product Analysis
- Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
- Regulatory Landscape Pricing Analysis Macroeconomic Indicators
Geographic Analysis
- Geographical analysis across 15 countries
Company Information
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 86.2 Billion (2026) |
| CAGR | 9.80% (2019-2026) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Technology, by Capacity, By Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (U.S.), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (U.K), The Raymond Corporation (U.S.), Anhui HELI Co., Ltd (China), and Kalmar Global (Finland). |
| Key Market Opportunities | Increase in productivity, reduced injuries & accidents along with operator comfort |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
Forklift trucks market projected to grow at a 9.80% CAGR between 2019-2026.
Forklift trucks market is predicted to touch USD 86.2 billion by 2026.
The Asia Pacific is expected to lead the forklift trucks market.
It is widely used in retail and wholesale, logistic, manufacturing, and others.
Growing demand in the automotive and food industry and low operation cost are adding market growth.