Forklift Market by Tonnage Capacity (10 to 18 tons, 18 to 33 tons, Less than 10), Class (Class I, Class II, Class III), Types, Power, Operation, Application, End-Use - Global Forecast 2024-2030

Forklift Market by Tonnage Capacity (10 to 18 tons, 18 to 33 tons, Less than 10), Class (Class I, Class II, Class III), Types, Power, Operation, Application, End-Use - Global Forecast 2024-2030


The Forklift Market size was estimated at USD 64.67 billion in 2023 and expected to reach USD 69.35 billion in 2024, at a CAGR 7.44% to reach USD 106.91 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Forklift Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Forklift Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Forklift Market, highlighting leading vendors and their innovative profiles. These include Anhui Heli Co., Ltd., Bopparder Maschinenbau-Gesellschaft mbH, Caterpillar Inc., COMBILIFT, Crown Equipment Corporation, Doosan Industrial Vehicle, EP Equipment, Forklift Systems Incorporated, Godrej & Boyce Manufacturing Company Limited, Hangcha Group Co., Hyster-Yale Materials Handling, Inc., Johnston Equipment, Jungheinrich AG, Kion Group AG, Komatsu Ltd., LiftOne LLC, Lonking Holdings Limited, Mitsubishi Logisnext Co., Ltd., Noblelift Intelligent Equipment Co., Ltd., TCM Forklifts, and Toyota Material Handling, Inc..

Market Segmentation & Coverage



This research report categorizes the Forklift Market to forecast the revenues and analyze trends in each of the following sub-markets:

Tonnage Capacity
10 to 18 tons
18 to 33 tons
Less than 10
More than 33 tons
Class
Class I
Class II
Class III
Class IV
Class V
Class VI
Class VII
Types
High-Capacity Forklifts
Order Pickers
Pallet Jacks
Pallet Stackers
Reach Trucks
Power
Electric Forklifts
IC Forklifts
Operation
Autonomous
Manual
Semi-Autonomous
Application
Indoor
Outdoor
End-Use
Building & Construction
Manufacturing
Retail & eCommerce
Transportation & Logistics
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Forklift Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Forklift Market?
3. What are the technology trends and regulatory frameworks in the Forklift Market?
4. What is the market share of the leading vendors in the Forklift Market?
5. Which modes and strategic moves are suitable for entering the Forklift Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Forklift Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing initiatives and investments for Industry 4.0
5.1.1.2. Increasing adoption of forklifts in material handling and warehouse management
5.1.1.3. Significant expansion of retail and eCommerce sector worldwide
5.1.2. Restraints
5.1.2.1. High costs of forklifts and need for regular maintenance
5.1.3. Opportunities
5.1.3.1. Ongoing technological advancements in forklifts for better performance and high efficiency
5.1.3.2. Potential demand for autonomous forklifts to simplify industrial operations
5.1.4. Challenges
5.1.4.1. Scarcity of skilled professionals and safety concerns regarding forklifts
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Forklift Market, by Tonnage Capacity
6.1. Introduction
6.2. 10 to 18 tons
6.3. 18 to 33 tons
6.4. Less than 10
6.5. More than 33 tons
7. Forklift Market, by Class
7.1. Introduction
7.2. Class I
7.3. Class II
7.4. Class III
7.5. Class IV
7.6. Class V
7.7. Class VI
7.8. Class VII
8. Forklift Market, by Types
8.1. Introduction
8.2. High-Capacity Forklifts
8.3. Order Pickers
8.4. Pallet Jacks
8.5. Pallet Stackers
8.6. Reach Trucks
9. Forklift Market, by Power
9.1. Introduction
9.2. Electric Forklifts
9.3. IC Forklifts
10. Forklift Market, by Operation
10.1. Introduction
10.2. Autonomous
10.3. Manual
10.4. Semi-Autonomous
11. Forklift Market, by Application
11.1. Introduction
11.2. Indoor
11.3. Outdoor
12. Forklift Market, by End-Use
12.1. Introduction
12.2. Building & Construction
12.3. Manufacturing
12.4. Retail & eCommerce
12.5. Transportation & Logistics
13. Americas Forklift Market
13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States
14. Asia-Pacific Forklift Market
14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam
15. Europe, Middle East & Africa Forklift Market
15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom
16. Competitive Landscape
16.1. FPNV Positioning Matrix
16.2. Market Share Analysis, By Key Player
16.3. Competitive Scenario Analysis, By Key Player
17. Competitive Portfolio
17.1. Key Company Profiles
17.1.1. Anhui Heli Co., Ltd.
17.1.2. Bopparder Maschinenbau-Gesellschaft mbH
17.1.3. Caterpillar Inc.
17.1.4. COMBILIFT
17.1.5. Crown Equipment Corporation
17.1.6. Doosan Industrial Vehicle
17.1.7. EP Equipment
17.1.8. Forklift Systems Incorporated
17.1.9. Godrej & Boyce Manufacturing Company Limited
17.1.10. Hangcha Group Co.
17.1.11. Hyster-Yale Materials Handling, Inc.
17.1.12. Johnston Equipment
17.1.13. Jungheinrich AG
17.1.14. Kion Group AG
17.1.15. Komatsu Ltd.
17.1.16. LiftOne LLC
17.1.17. Lonking Holdings Limited
17.1.18. Mitsubishi Logisnext Co., Ltd.
17.1.19. Noblelift Intelligent Equipment Co., Ltd.
17.1.20. TCM Forklifts
17.1.21. Toyota Material Handling, Inc.
17.2. Key Product Portfolio
18. Appendix
18.1. Discussion Guide
18.2. License & Pricing
FIGURE 1. FORKLIFT MARKET RESEARCH PROCESS
FIGURE 2. FORKLIFT MARKET SIZE, 2023 VS 2030
FIGURE 3. FORKLIFT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. FORKLIFT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. FORKLIFT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. FORKLIFT MARKET DYNAMICS
FIGURE 7. FORKLIFT MARKET SIZE, BY TONNAGE CAPACITY, 2023 VS 2030 (%)
FIGURE 8. FORKLIFT MARKET SIZE, BY TONNAGE CAPACITY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. FORKLIFT MARKET SIZE, BY CLASS, 2023 VS 2030 (%)
FIGURE 10. FORKLIFT MARKET SIZE, BY CLASS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. FORKLIFT MARKET SIZE, BY TYPES, 2023 VS 2030 (%)
FIGURE 12. FORKLIFT MARKET SIZE, BY TYPES, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. FORKLIFT MARKET SIZE, BY POWER, 2023 VS 2030 (%)
FIGURE 14. FORKLIFT MARKET SIZE, BY POWER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. FORKLIFT MARKET SIZE, BY OPERATION, 2023 VS 2030 (%)
FIGURE 16. FORKLIFT MARKET SIZE, BY OPERATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. FORKLIFT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 18. FORKLIFT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. FORKLIFT MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
FIGURE 20. FORKLIFT MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. AMERICAS FORKLIFT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. AMERICAS FORKLIFT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. UNITED STATES FORKLIFT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 24. UNITED STATES FORKLIFT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. ASIA-PACIFIC FORKLIFT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 26. ASIA-PACIFIC FORKLIFT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. EUROPE, MIDDLE EAST & AFRICA FORKLIFT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 28. EUROPE, MIDDLE EAST & AFRICA FORKLIFT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 29. FORKLIFT MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 30. FORKLIFT MARKET SHARE, BY KEY PLAYER, 2023

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