Global Forklifts & Lift Trucks Market Growth 2023-2029

Global Forklifts & Lift Trucks Market Growth 2023-2029

Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the forklift truck market.

This report mainly focuses on the new forklift trucks equipment, instead of service, rental, etc.

LPI (LP Information)' newest research report, the “Forklifts & Lift Trucks Industry Forecast” looks at past sales and reviews total world Forklifts & Lift Trucks sales in 2022, providing a comprehensive analysis by region and market sector of projected Forklifts & Lift Trucks sales for 2023 through 2029. With Forklifts & Lift Trucks sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Forklifts & Lift Trucks industry.

This Insight Report provides a comprehensive analysis of the global Forklifts & Lift Trucks landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Forklifts & Lift Trucks portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Forklifts & Lift Trucks market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Forklifts & Lift Trucks and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Forklifts & Lift Trucks.

The global Forklifts & Lift Trucks market size is projected to grow from US$ 23390 million in 2022 to US$ 30090 million in 2029; it is expected to grow at a CAGR of 30090 from 2023 to 2029.

Global Electric Forklift Truck key manufacturers are Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli and Hangcha, global top nine player have a share over 80 percent in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Forklifts & Lift Trucks market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Class 1 Forklift Trucks
Class 2 Forklift Trucks
Class 3 Forklift Trucks
Class 4/5 Forklift Trucks

Segmentation by application
Warehouses
Factories
Distribution Centers
Airports
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce

Key Questions Addressed in this Report

What is the 10-year outlook for the global Forklifts & Lift Trucks market?

What factors are driving Forklifts & Lift Trucks market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Forklifts & Lift Trucks market opportunities vary by end market size?

How does Forklifts & Lift Trucks break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.