Forklift Trucks Market by Class (Electric & Internal Combustion Engine Tractors, Electric Motor Hand Trucks, Electric Motor Narrow Aisle Trucks), Power Source (Electric Motor, Internal Combustion Engine), Propulsion, Operation, End User - Global Forecast

Forklift Trucks Market by Class (Electric & Internal Combustion Engine Tractors, Electric Motor Hand Trucks, Electric Motor Narrow Aisle Trucks), Power Source (Electric Motor, Internal Combustion Engine), Propulsion, Operation, End User - Global Forecast 2024-2030


The Forklift Trucks Market size was estimated at USD 22.94 billion in 2023 and expected to reach USD 24.38 billion in 2024, at a CAGR 6.69% to reach USD 36.12 billion by 2030.A forklift truck is versatile industrial equipment powered by electricity or gas, featuring a sturdy metal platform with forks attached to its front. These forks are inserted beneath heavy loads, pallets, and machinery, enabling efficient movement and placement in storage facilities. The truck frame of a forklift truck comprises the base for its lifting and contains wheels, counterweights, a carriage, and a mast. Forklift trucks are utilized in warehouses, manufacturing and industrial operations, shipping docks, and loading and unloading. They are used in small businesses and large complex industrial manufacturing operations, as they are available in various sizes. The rising need for efficient logistical processes in the manufacturing sector and warehouse facilities primarily drives the growth of the forklift truck market. The demand for forklift trucks at ports & terminals has risen recently owing to high cargo traffic. On the contrary, the requirement for increased initial investment and safety concerns associated with forklift trucks' operations hampers the market growth. However, the rising popularity of green logistics technologies and advances in forklift truck technology is expected to drive the market's growth worldwide.Regional InsightsForklift truck market is highly evolving in Europe owing to the expanding need for automated and efficient logistics for the smooth operation of European manufacturing sectors. The European region has major manufacturers of forklift trucks and exports a large volume of the products. Additionally, rising development activities in countries such as the UK, Germany, and France increase the demand for forklifts for use across operations such as unloading pallets, steel joints, and construction materials. The forklift trucks market in the Asia-Pacific region is rapidly growing with the proliferating retail sectors and huge import and export of food & beverage, clothing, electronic products. The forklift trucks market in the Americas region proliferates with the rapid growth of the eCommerce and manufacturing sectors combined with the increasing adoption of forklift trucks in ports & terminals, warehouses, and manufacturing facilities. Furthermore, supportive government initiatives and policies such as North American Free Trade Agreement (NAFTA) between the U.S., Mexico, and Canada and industrial investments increase the warehousing and distribution facilities and the need for efficient material handling.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Forklift Trucks 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 Trucks 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 Trucks Market, highlighting leading vendors and their innovative profiles. These include AGILOX Services GmbH, Anhui Heli Co., Ltd., Bauer GmbH, Cargotec Corporation, CLARK Material Handling Company, Combilift, Crown Equipment Corporation, CVS ferrari S.P.A., Eastern Lift Truck Co., Inc., Ekko Material Handling Equipment Mfg. Inc., EP Equipment, FLIFT America, Fujian Southchina Heavy Machinery Manufacture Co.,Ltd, Godrej Group, Hangcha Group, HUBTEX Mechanical Engineering GmbH & Co. KG, Hyster-Yale Materials Handling, Inc., Hyundai Heavy Industries Co., Ltd., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Konecranes Oyj, Linde Material Handling GmbH, Mitsubishi Heavy Industries, Ltd., Noblelift Intelligent Equipment Co., Ltd., Pettibone Traverse Lift, LLC, STILL GmbH, Toyota Industries Corporation, and Vallée.

Market Segmentation & Coverage



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

Class
Electric & Internal Combustion Engine Tractors
Electric Motor Hand Trucks
Electric Motor Narrow Aisle Trucks
Electric Motor Rider Trucks
Internal Combustion Engine Trucks
Power Source
Electric Motor
Internal Combustion Engine
Propulsion
Electric
Hybrid
Internal Combustion Engine
Operation
Autonomous
Manual
Semi-Autonomous
End User
Construction
Food & Beverages
Manufacturing
Retail
Transportation and 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 Trucks Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Forklift Trucks Market?
3. What are the technology trends and regulatory frameworks in the Forklift Trucks Market?
4. What is the market share of the leading vendors in the Forklift Trucks Market?
5. Which modes and strategic moves are suitable for entering the Forklift Trucks 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 Trucks Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Forklift Truck’s Role in the Warehouse and Material Handling
5.1.1.2. Increasing Demand for Logistics in the Manufacturing Industry
5.1.1.3. Growth in Cargo Shipping and Demand for Forklift Trucks at Ports & Terminals
5.1.2. Restraints
5.1.2.1. High Cost of Ownership and Limitation of Existing Forklift Trucks
5.1.3. Opportunities
5.1.3.1. Rise in the Adoption of Green Logistics Solutions
5.1.3.2. Evolving Forklift Trucks with Advancing Technology
5.1.4. Challenges
5.1.4.1. Lack of Skilled Labor and Safety Issues Related to Forklift Trucks
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 Trucks Market, by Class
6.1. Introduction
6.2. Electric & Internal Combustion Engine Tractors
6.3. Electric Motor Hand Trucks
6.4. Electric Motor Narrow Aisle Trucks
6.5. Electric Motor Rider Trucks
6.6. Internal Combustion Engine Trucks
7. Forklift Trucks Market, by Power Source
7.1. Introduction
7.2. Electric Motor
7.3. Internal Combustion Engine
8. Forklift Trucks Market, by Propulsion
8.1. Introduction
8.2. Electric
8.3. Hybrid
8.4. Internal Combustion Engine
9. Forklift Trucks Market, by Operation
9.1. Introduction
9.2. Autonomous
9.3. Manual
9.4. Semi-Autonomous
10. Forklift Trucks Market, by End User
10.1. Introduction
10.2. Construction
10.3. Food & Beverages
10.4. Manufacturing
10.5. Retail
10.6. Transportation and Logistics
11. Americas Forklift Trucks Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Forklift Trucks Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Forklift Trucks Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Merger & Acquisition
14.3.1.1. Jungheinrich AG to Acquire Storage Solutions Group To Add Strategic Foothold In Fast-Growing U.S. Warehouse Automation Market
14.3.1.2. Komatsu Announces Plans To Acquire German-Based Manufacturer GHH Group Gmbh
14.3.2. Agreement, Collaboration, & Partnership
14.3.2.1. Fusion Fuel and Toyota Material Handling España Announce Strategic Collaboration to Promote Green Hydrogen Driven Forklift Solutions for Spanish Market
14.3.2.2. Kalmar secures deal with German equipment provider
14.3.3. New Product Launch & Enhancement
14.3.3.1. Doosan Launches New Heavy-Lifting Electric Truck Ranges
14.3.3.2. CLARK Launches The New S40-60 IC Pneumatic Forklift
14.3.4. Investment & Funding
14.3.4.1. Qualcomm and Zebra Invest in Third Wave Automation
14.3.4.2. Fox Robotics Closes $20M Round for Autonomous Forklifts
14.3.4.3. Phantom Auto Receives $42 million Investment
14.3.5. Award, Recognition, & Expansion
14.3.5.1. Kalmar Terminal Tractors And Forklift Trucks To Help Mpdc Achieve Its Ambitious Capacity Expansion Target At Porto De Maputo
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. AGILOX Services GmbH
15.1.2. Anhui Heli Co., Ltd.
15.1.3. Bauer GmbH
15.1.4. Cargotec Corporation
15.1.5. CLARK Material Handling Company
15.1.6. Combilift
15.1.7. Crown Equipment Corporation
15.1.8. CVS ferrari S.P.A.
15.1.9. Eastern Lift Truck Co., Inc.
15.1.10. Ekko Material Handling Equipment Mfg. Inc.
15.1.11. EP Equipment
15.1.12. FLIFT America
15.1.13. Fujian Southchina Heavy Machinery Manufacture Co.,Ltd
15.1.14. Godrej Group
15.1.15. Hangcha Group
15.1.16. HUBTEX Mechanical Engineering GmbH & Co. KG
15.1.17. Hyster-Yale Materials Handling, Inc.
15.1.18. Hyundai Heavy Industries Co., Ltd.
15.1.19. Jungheinrich AG
15.1.20. Kion Group AG
15.1.21. Komatsu Ltd.
15.1.22. Konecranes Oyj
15.1.23. Linde Material Handling GmbH
15.1.24. Mitsubishi Heavy Industries, Ltd.
15.1.25. Noblelift Intelligent Equipment Co., Ltd.
15.1.26. Pettibone Traverse Lift, LLC
15.1.27. STILL GmbH
15.1.28. Toyota Industries Corporation
15.1.29. Vallée
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. FORKLIFT TRUCKS MARKET RESEARCH PROCESS
FIGURE 2. FORKLIFT TRUCKS MARKET SIZE, 2023 VS 2030
FIGURE 3. FORKLIFT TRUCKS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. FORKLIFT TRUCKS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. FORKLIFT TRUCKS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. FORKLIFT TRUCKS MARKET DYNAMICS
FIGURE 7. FORKLIFT TRUCKS MARKET SIZE, BY CLASS, 2023 VS 2030 (%)
FIGURE 8. FORKLIFT TRUCKS MARKET SIZE, BY CLASS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. FORKLIFT TRUCKS MARKET SIZE, BY POWER SOURCE, 2023 VS 2030 (%)
FIGURE 10. FORKLIFT TRUCKS MARKET SIZE, BY POWER SOURCE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. FORKLIFT TRUCKS MARKET SIZE, BY PROPULSION, 2023 VS 2030 (%)
FIGURE 12. FORKLIFT TRUCKS MARKET SIZE, BY PROPULSION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. FORKLIFT TRUCKS MARKET SIZE, BY OPERATION, 2023 VS 2030 (%)
FIGURE 14. FORKLIFT TRUCKS MARKET SIZE, BY OPERATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. FORKLIFT TRUCKS MARKET SIZE, BY END USER, 2023 VS 2030 (%)
FIGURE 16. FORKLIFT TRUCKS MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS FORKLIFT TRUCKS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS FORKLIFT TRUCKS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES FORKLIFT TRUCKS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES FORKLIFT TRUCKS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC FORKLIFT TRUCKS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC FORKLIFT TRUCKS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA FORKLIFT TRUCKS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA FORKLIFT TRUCKS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. FORKLIFT TRUCKS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. FORKLIFT TRUCKS MARKET SHARE, BY KEY PLAYER, 2023

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