Forklift Trucks Market Report by Product Type (Counterbalanced Forklift Trucks, Warehouse Forklift Trucks), Technology (Electricity Powered, Internal Combustion Engine Powered), Class (Class I, Class II, Class III, Class IV, Class V), Application (Non-Industrial, Industrial), and Region 2024-2032
The global forklift trucks market size reached US$ 65.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 96.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032. The rising adoption of fuel-efficient vehicles, increasing number of warehouse establishments, and the burgeoning e-commerce sector represent some of the key factors driving the market.
Rising Adoption of Fuel-Efficient Vehicles Impelling Market Growth
The rising adoption of fuel-efficient vehicles currently represents one of the primary drivers resulting in the increasing sales of forklift trucks. Fuel-efficient vehicles comprise advanced technologies, such as hybrids, clean diesel engines, flexible-fuel ethanol vehicles, and turbocharged direct injection systems. In addition, key manufacturers are rapidly introducing modifications to engines and hydraulic systems to enhance the efficiency of vehicles.
Forklift Trucks Market Trends:
At present, the rising adoption of forklift trucks in the construction industry for handling heavy materials, such as wood, steel, and mortar, represents one of the key factors supporting the growth of the market. Besides this, the growing demand for forklift trucks due to the increasing number of warehouse establishments across the globe is offering a positive market outlook. Additionally, there is a rise in the need for fuel-efficient vehicles among the masses around the world. This, coupled with the increasing demand for fuel-cell-powered or battery-powered electric forklift trucks to offer enhanced efficiency, is propelling the growth of the market. Apart from this, the rising demand for forklift trucks due to the thriving e-commerce industry worldwide is offering lucrative growth opportunities to industry investors. Moreover, the increasing utilization of forklift trucks in the distribution centers for laying and retrieving loads from storage racks and delivering components to assembly lines and positioning materials is positively influencing the market. In addition, the rising concern to reduce the carbon footprint in the environment worldwide is contributing to the growth of the market.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with numerous players in the forklift trucks industry. The volume of new entrants in the industry is moderate, as top players can pose a threat to emerging companies by acquiring small vendors in the market. In addition, the product differentiation is low as the product supplied by players generally remains the same.
What are Forklift Trucks?
Forklift trucks, also known as fork trucks, refer to industrial machines comprised of the truck frame, counterweight, forklift, carriage, and hydraulic cylinders. They are usually operated by trained machinists and either powered by internal combustion engines (ICE) or electric batteries. They are cost-effective, user-friendly, powerful, easy to use and maintain, and assist in loading, unloading, and transporting goods and materials over short distances efficiently. Besides this, they aid in enhancing overall operational efficiency by performing multiple industrial and non-industrial tasks. As a result, forklift trucks are widely employed in the automotive, aerospace, transportation, manufacturing, and construction industries across the globe.
COVID-19 Impact:
The COVID-19 pandemic outbreak caused a severe problem for the forklift trucks industry and imposed unprecedented challenges on numerous countries. Due to the lockdown, many production plants shut down their manufacturing operations. There were disruptions in supply chains due to the shortage of raw materials across the globe. In addition, several restrictions from central and state authorities on borders and road movements have impacted the domestic supply chains for a short period of time. Warehouse and distribution activities of various goods have been impacted due to trade impediments. The rapid spread of the COVID-19 impacted the demand for forklift trucks from various industries and in return, posed a negative impact on the profit margin of forklift trucks. Apart from this, various construction projects have been canceled or delayed amid the pandemic. Many countries also have limited ocean shipments from severely impacted countries due to the outbreak. However, after the reopening of lockdown and various businesses, the demand for forklift trucks is increasing around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global forklift trucks market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, technology, class and application.
Product Type Insights:
Counterbalanced Forklift Trucks
Warehouse Forklift Trucks
The report has provided a detailed breakup and analysis of the forklift trucks market based on the product type. This includes counterbalanced forklift trucks and warehouse forklift trucks. According to the report, counterbalanced forklift trucks represented the largest segment, as they have a counterweight design to distribute the weight of the load evenly. In addition, they are considered as a multi-purpose utility truck and aid in reducing carbon emissions.
Technology Insights:
Electricity Powered
Internal Combustion Engine Powered
A detailed breakup and analysis of the forklift trucks market based on the technology has also been provided in the report. This includes electricity powered and internal combustion engine powered. According to the report, internal combustion engine powered accounted for the largest market share as it has lower upfront cost compared to electric forklift trucks. In addition, they have a higher load capacity, which makes them capable of working in various environment.
Class Insights:
Class I
Class II
Class III
Class IV
Class V
A detailed breakup and analysis of the forklift trucks market based on the class has also been provided in the report. This includes class I, class II, class III, class IV, and class V. According to the report, class V accounted for the largest market share as they are internal combustion engine pneumatic tire trucks that are designed particularly for outdoor use and for puncture prone areas. Moreover, they are highly durable and suitable for lumberyards and construction sites.
Application Insights:
Non-Industrial
Warehouses and Distribution Centers
Construction Sites
Dockyards
Snow Plows
Industrial
Manufacturing
Recycling Operations
A detailed breakup and analysis of the forklift trucks market based on the application has also been provided in the report. This includes non-industrial (warehouses and distribution centers, construction sites, dockyards, snow plows) and industrial (manufacturing and recycling operations). According to the report, non-industrial (warehouses and distribution centers, construction sites, dockyards, snow plows) accounted for the largest market share as forklift trucks are widely utilized in economic activities, such as warehouses and distribution centers, construction sites, dockyards, and snow plowing. Moreover, the rising demand for forklift trucks due to the thriving e-commerce industry is impelling the market growth.
Regional Insights:
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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for forklift trucks. Some of the factors driving the Asia Pacific forklift trucks market included the rising demand of forklift trucks due to the low manufacturing costs, rapid expansion of supply chain network, favorable government initiatives for the adoption of forklift trucks, replacement of traditional forklift trucks, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global forklift trucks market. Some of the companies covered in the report include:
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
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What is the market size for the global forklift trucks market?
2. What is the global forklift trucks market growth?
3. What are the global forklift trucks market drivers?
4. What are the key industry trends in the global forklift trucks market?
5. What is the impact of COVID-19 on the global forklift trucks market?
6. What is the global forklift trucks market breakup by product type?
7. What is the global forklift trucks market breakup by technology?
8. What is the global forklift trucks market breakup by class?
9. What is the global forklift trucks market breakup by application?
10. What are the major regions in the global forklift trucks market?
11. Who are the key companies/players in the global forklift trucks market?
Rising Adoption of Fuel-Efficient Vehicles Impelling Market Growth
The rising adoption of fuel-efficient vehicles currently represents one of the primary drivers resulting in the increasing sales of forklift trucks. Fuel-efficient vehicles comprise advanced technologies, such as hybrids, clean diesel engines, flexible-fuel ethanol vehicles, and turbocharged direct injection systems. In addition, key manufacturers are rapidly introducing modifications to engines and hydraulic systems to enhance the efficiency of vehicles.
Forklift Trucks Market Trends:
At present, the rising adoption of forklift trucks in the construction industry for handling heavy materials, such as wood, steel, and mortar, represents one of the key factors supporting the growth of the market. Besides this, the growing demand for forklift trucks due to the increasing number of warehouse establishments across the globe is offering a positive market outlook. Additionally, there is a rise in the need for fuel-efficient vehicles among the masses around the world. This, coupled with the increasing demand for fuel-cell-powered or battery-powered electric forklift trucks to offer enhanced efficiency, is propelling the growth of the market. Apart from this, the rising demand for forklift trucks due to the thriving e-commerce industry worldwide is offering lucrative growth opportunities to industry investors. Moreover, the increasing utilization of forklift trucks in the distribution centers for laying and retrieving loads from storage racks and delivering components to assembly lines and positioning materials is positively influencing the market. In addition, the rising concern to reduce the carbon footprint in the environment worldwide is contributing to the growth of the market.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with numerous players in the forklift trucks industry. The volume of new entrants in the industry is moderate, as top players can pose a threat to emerging companies by acquiring small vendors in the market. In addition, the product differentiation is low as the product supplied by players generally remains the same.
What are Forklift Trucks?
Forklift trucks, also known as fork trucks, refer to industrial machines comprised of the truck frame, counterweight, forklift, carriage, and hydraulic cylinders. They are usually operated by trained machinists and either powered by internal combustion engines (ICE) or electric batteries. They are cost-effective, user-friendly, powerful, easy to use and maintain, and assist in loading, unloading, and transporting goods and materials over short distances efficiently. Besides this, they aid in enhancing overall operational efficiency by performing multiple industrial and non-industrial tasks. As a result, forklift trucks are widely employed in the automotive, aerospace, transportation, manufacturing, and construction industries across the globe.
COVID-19 Impact:
The COVID-19 pandemic outbreak caused a severe problem for the forklift trucks industry and imposed unprecedented challenges on numerous countries. Due to the lockdown, many production plants shut down their manufacturing operations. There were disruptions in supply chains due to the shortage of raw materials across the globe. In addition, several restrictions from central and state authorities on borders and road movements have impacted the domestic supply chains for a short period of time. Warehouse and distribution activities of various goods have been impacted due to trade impediments. The rapid spread of the COVID-19 impacted the demand for forklift trucks from various industries and in return, posed a negative impact on the profit margin of forklift trucks. Apart from this, various construction projects have been canceled or delayed amid the pandemic. Many countries also have limited ocean shipments from severely impacted countries due to the outbreak. However, after the reopening of lockdown and various businesses, the demand for forklift trucks is increasing around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global forklift trucks market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, technology, class and application.
Product Type Insights:
Counterbalanced Forklift Trucks
Warehouse Forklift Trucks
The report has provided a detailed breakup and analysis of the forklift trucks market based on the product type. This includes counterbalanced forklift trucks and warehouse forklift trucks. According to the report, counterbalanced forklift trucks represented the largest segment, as they have a counterweight design to distribute the weight of the load evenly. In addition, they are considered as a multi-purpose utility truck and aid in reducing carbon emissions.
Technology Insights:
Electricity Powered
Internal Combustion Engine Powered
A detailed breakup and analysis of the forklift trucks market based on the technology has also been provided in the report. This includes electricity powered and internal combustion engine powered. According to the report, internal combustion engine powered accounted for the largest market share as it has lower upfront cost compared to electric forklift trucks. In addition, they have a higher load capacity, which makes them capable of working in various environment.
Class Insights:
Class I
Class II
Class III
Class IV
Class V
A detailed breakup and analysis of the forklift trucks market based on the class has also been provided in the report. This includes class I, class II, class III, class IV, and class V. According to the report, class V accounted for the largest market share as they are internal combustion engine pneumatic tire trucks that are designed particularly for outdoor use and for puncture prone areas. Moreover, they are highly durable and suitable for lumberyards and construction sites.
Application Insights:
Non-Industrial
Warehouses and Distribution Centers
Construction Sites
Dockyards
Snow Plows
Industrial
Manufacturing
Recycling Operations
A detailed breakup and analysis of the forklift trucks market based on the application has also been provided in the report. This includes non-industrial (warehouses and distribution centers, construction sites, dockyards, snow plows) and industrial (manufacturing and recycling operations). According to the report, non-industrial (warehouses and distribution centers, construction sites, dockyards, snow plows) accounted for the largest market share as forklift trucks are widely utilized in economic activities, such as warehouses and distribution centers, construction sites, dockyards, and snow plowing. Moreover, the rising demand for forklift trucks due to the thriving e-commerce industry is impelling the market growth.
Regional Insights:
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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for forklift trucks. Some of the factors driving the Asia Pacific forklift trucks market included the rising demand of forklift trucks due to the low manufacturing costs, rapid expansion of supply chain network, favorable government initiatives for the adoption of forklift trucks, replacement of traditional forklift trucks, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global forklift trucks market. Some of the companies covered in the report include:
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
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What is the market size for the global forklift trucks market?
2. What is the global forklift trucks market growth?
3. What are the global forklift trucks market drivers?
4. What are the key industry trends in the global forklift trucks market?
5. What is the impact of COVID-19 on the global forklift trucks market?
6. What is the global forklift trucks market breakup by product type?
7. What is the global forklift trucks market breakup by technology?
8. What is the global forklift trucks market breakup by class?
9. What is the global forklift trucks market breakup by application?
10. What are the major regions in the global forklift trucks market?
11. Who are the key companies/players in the global forklift trucks market?
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
10.2.2 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
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Clark Material Handling Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Crown Equipment Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Godrej & Boyce
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Hyster-Yale Materials Handling Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Hyundai Heavy Industries Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Jungheinrich
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 KION Group
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Mitsubishi Forklift Trucks
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Toyota Industries Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
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
10.2.2 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
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Clark Material Handling Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Crown Equipment Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Godrej & Boyce
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Hyster-Yale Materials Handling Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Hyundai Heavy Industries Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Jungheinrich
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 KION Group
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Mitsubishi Forklift Trucks
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Toyota Industries Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
LIST OF TABLES
Table 1: Global: Forklift Trucks Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Forklift Trucks Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Forklift Trucks Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Forklift Trucks Market Forecast: Breakup by Class (in Million US$), 2024-2032
Table 5: Global: Forklift Trucks Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Forklift Trucks Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Forklift Trucks Market: Competitive Structure
Table 8: Global: Forklift Trucks Market: Key Players
Table 1: Global: Forklift Trucks Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Forklift Trucks Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Forklift Trucks Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Forklift Trucks Market Forecast: Breakup by Class (in Million US$), 2024-2032
Table 5: Global: Forklift Trucks Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Forklift Trucks Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Forklift Trucks Market: Competitive Structure
Table 8: Global: Forklift Trucks Market: Key Players
LIST OF FIGURES
Figure 1: Global: Forklift Trucks Market: Major Drivers and Challenges
Figure 2: Global: Forklift Trucks Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Forklift Trucks Market: Breakup by Product Type (in %), 2023
Figure 4: Global: Forklift Trucks Market: Breakup by Technology (in %), 2023
Figure 5: Global: Forklift Trucks Market: Breakup by Class (in %), 2023
Figure 6: Global: Forklift Trucks Market: Breakup by Application (in %), 2023
Figure 7: Global: Forklift Trucks Market: Breakup by Region (in %), 2023
Figure 8: Global: Forklift Trucks Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Forklift Trucks (Counterbalanced) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Forklift Trucks (Counterbalanced) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Forklift Trucks (Warehouse) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Forklift Trucks (Warehouse) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Forklift Trucks (Electricity Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Forklift Trucks (Electricity Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Forklift Trucks (Internal Combustion Engine Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Forklift Trucks (Internal Combustion Engine Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Forklift Trucks (Class I) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Forklift Trucks (Class I) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Forklift Trucks (Class II) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Forklift Trucks (Class II) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Forklift Trucks (Class III) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Forklift Trucks (Class III) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Forklift Trucks (Class IV) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Forklift Trucks (Class IV) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Forklift Trucks (Class V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Forklift Trucks (Class V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Forklift Trucks (Non-Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Forklift Trucks (Non-Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Forklift Trucks (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Forklift Trucks (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032`
Figure 35: Canada: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia Pacific: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia Pacific: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
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
Figure 1: Global: Forklift Trucks Market: Major Drivers and Challenges
Figure 2: Global: Forklift Trucks Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Forklift Trucks Market: Breakup by Product Type (in %), 2023
Figure 4: Global: Forklift Trucks Market: Breakup by Technology (in %), 2023
Figure 5: Global: Forklift Trucks Market: Breakup by Class (in %), 2023
Figure 6: Global: Forklift Trucks Market: Breakup by Application (in %), 2023
Figure 7: Global: Forklift Trucks Market: Breakup by Region (in %), 2023
Figure 8: Global: Forklift Trucks Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Forklift Trucks (Counterbalanced) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Forklift Trucks (Counterbalanced) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Forklift Trucks (Warehouse) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Forklift Trucks (Warehouse) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Forklift Trucks (Electricity Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Forklift Trucks (Electricity Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Forklift Trucks (Internal Combustion Engine Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Forklift Trucks (Internal Combustion Engine Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Forklift Trucks (Class I) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Forklift Trucks (Class I) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Forklift Trucks (Class II) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Forklift Trucks (Class II) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Forklift Trucks (Class III) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Forklift Trucks (Class III) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Forklift Trucks (Class IV) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Forklift Trucks (Class IV) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Forklift Trucks (Class V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Forklift Trucks (Class V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Forklift Trucks (Non-Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Forklift Trucks (Non-Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Forklift Trucks (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Forklift Trucks (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032`
Figure 35: Canada: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia Pacific: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia Pacific: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Forklift Trucks Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Forklift Trucks Market Forecast: Sales Value (in Million US$), 2024-2032
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
