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Forklift Truck Market by Power Source (IC Engine Powered and Electric Powered), by Class (Class I, Class II, Class III, Class IV, and Class V), by End User (Retail & Wholesale, Logistics, Automotive, Food Industry, and Others) - Global Opportunity Analysi

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from $3,975 300 Pages Next Move Strategy Consulting March, 2023 NMSC18104072
Best Price Guarantee
Price from $3,975
Length 300 Pages
Publisher Next Move Strategy Consulting
Published Date March, 2023
SKU NMSC18104072

Forklift Truck Market by Power Source (IC Engine Powered and Electric Powered), by Class (Class I, Class II, Class III, Class IV, and Class V), by End User (Retail & Wholesale, Logistics, Automotive, Food Industry, and Others) - Global Opportunity Analysis and Industry Forecast, 2023 – 2030


At an estimated value of over USD 43.78 billion in 2022, the global forklift truck market is predicted to thrive at a CAGR of 7.2% to be valued at USD 75.21 billion in 2030. Forklift trucks are powered vehicles designed to move or carry heavy objects over a limited distance. Adoption of forklift trucks is popular among industries affiliated with the loading and unloading of goods. These vehicles are commonly used in dockyards, warehouses, and recycling factories among others. These vehicles are used with some attachments such as platforms and grippers for efficient handling of goods and are classified based on their weight bearing capacity.

Market Dynamics and Trends
Rising investments by the market players is expected to drive the market growth. Recent developments in the e-commerce business have created a need for bulk warehousing, which in turn has influenced the growth of forklift truck market. Advantages offered by forklift trucks such as time saving and increased efficiency are also expected to boost their adoption in various industries. Other benefits such as reduced chances of accidents and injuries related to forklifts on work site and rising demand for easy movement and organization of goods are expected to add additional revenue to the forklift truck market. Moreover, technological advancements coupled with the development of infrastructure are expected to further influence market growth. However, high cost of forklift trucks is anticipated to hamper the market growth within the forecast period.

Market Segmentations and Scope of the Study:
The global forklift truck market is segmented on the basis of power source, class, end use and geography. On the basis of power, source the market is segmented into IC engine powered and electric powered. On the basis of class, the market is segmented into class 1, class 2, class 3, class 4, class 5 and others. On the basis of end use, the market is segmented into retail & wholesale, logistics, automotive, food industry and other end use. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.

Geographical Analysis
North America is anticipated to hold the lion share of the market due to improved infrastructure and increased industrialization in this region. Also, rapid adoption of forklifts into numerous industries is expected to add revenue to the forklift truck market. Asia Pacific region is predicted to show rapid and consistent growth in terms of market share within the forecast period due to increase in demand for automation in developing countries. Also, factors such as improving economy as well as rise in urbanization are anticipated to further drive market growth in this region.

Competitive Landscape
Lucrative growth opportunities make the forklift truck market extremely competitive. Some of the major players in the market include Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation, and others. Strategic alliances, and innovative product launches are key strategies adopted by market players to maintain their market dominance. For instance, in April 2019, JBT Corporation, has announced the launch of a new dual-mode AGV to the market in collaboration with Hyster-Yale Materials Handling.

KEY MARKET SEGMENTS:
• Global forklift truck market– By power source
IC powered
Electric powered
• Global forklift truck market – By class
Class 1
Class 2
Class 3
Class 4
Class 5
others
• Global forklift truck market – By end use
Retail and wholesale
Logistics
Automotive
Food industry
Others
• Global forklift truck market - by geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
Japan
China
Malaysia
Australia
Rest of Asia-Pacific
RoW
Latin America
Middle East
Africa


1. Introduction
1.1. Report Description
1.2. Who Should Read This Report
1.3. Key Market Segments
1.4. Research Methodology
1.4.1 Secondary Research
1.4.2 Data Analysis Framework
1.4.3 Market Size Estimation
1.4.4 Forecasting
1.4.5 Primary Research And Data Validation
2. Forklift Truck Market – Executive Summary
2.1. Market Snapshot, 2020 - 2030, Million Usd
3. Market Overview
3.1. Market Definition And Scope
3.2. Market Dynamics
3.2.1 Drivers
3.2.1.1. Rise In Investment Across The Infrastructure Development
3.2.1.2. Expansion Of E-commerce Industry
3.2.1.3. Benefits Offered By Forklift Trucks
3.2.2 Restraints
3.2.2.1. High Cost And Safety Issues Associated With Forklift Trucks
3.2.3 Opportunities
3.2.3.1. Emergence & Proliferation Of Hydrogen Fuel Cell Forklifts
4. Covid-19 Impact Analysis
4.1. Impact On Market Size
4.2. End User Trends & Preferences, And Budget & Economic Impact
4.3. Key Player Strategies To Tackle Covid-19’s Influence On Market
5. Market Share Analysis
5.1. Market Share Analysis Of Top 10 Forklift Truck Providers, 2020
6. Global Forklift Truck Market, By Class Type
6.1. Overview
6.2. Class 1
6.2.1 Class 1 Market, By Region
6.2.1.1. North America Class 1 Market, By Country
6.2.1.2. Europe Class 1 Market, By Country
6.2.1.3. Asia-pacific Class 1 Market, By Country
6.2.1.4. Rest Of The World Class 1 Market, By Country
6.3. Class 2
6.3.1 Class 2 Market, By Region
6.3.1.1. North America Class 2 Market, By Country
6.3.1.2. Europe Class 2 Market, By Country
6.3.1.3. Asia-pacific Class 2 Market, By Country
6.3.1.4. Rest Of The World Class 2 Market, By Country
6.4. Class 3
6.4.1 Class 3 Market, By Region
6.4.1.1. North America Class 3 Market, By Country
6.4.1.2. Europe Class 3 Market, By Country
6.4.1.3. Asia-pacific Class 3 Market, By Country
6.4.1.4. Rest Of The World Class 3 Market, By Country
6.5. Class 4
6.5.1 Class 4 Market, By Region
6.5.1.1. North America Class 4 Market, By Country
6.5.1.2. Europe Class 4 Market, By Country
6.5.1.3. Asia-pacific Class 4 Market, By Country
6.5.1.4. Rest Of The World Class 4 Market, By Country
6.6. Class 5
6.6.1 Class 5 Market, By Region
6.6.1.1. North America Class 5 Market, By Country
6.6.1.2. Europe Class 5 Market, By Country
6.6.1.3. Asia-pacific Class 5 Market, By Country
6.6.1.4. Rest Of The World Class 5 Market, By Country
7. Global Forklift Truck Market, By Product
7.1. Overview
7.2. Counterbalance Forklift
7.2.1 Counterbalance Forklift Market, By Region
7.2.1.1. North America Counterbalance Forklift Market, By Country
7.2.1.2. Europe Counterbalance Forklift Market, By Country
7.2.1.3. Asia-pacific Counterbalance Forklift Market, By Country
7.2.1.4. Rest Of The World Counterbalance Forklift Market, By Country
7.3. Reach Forklift
7.3.1 Reach Forklift Market, By Region
7.3.1.1. North America Reach Forklift Market, By Country
7.3.1.2. Europe Reach Forklift Market, By Country
7.3.1.3. Asia-pacific Reach Forklift Market, By Country
7.3.1.4. Rest Of The World Reach Forklift Market, By Country
8. Global Forklift Truck Market, By Engine
8.1. Overview
8.2. Ic Engine Powered
8.2.1 Ic Engine Powered Market, By Region
8.2.1.1. North America Ic Engine Powered Market, By Country
8.2.1.2. Europe Ic Engine Powered Market, By Country
8.2.1.3. Asia-pacific Ic Engine Powered Market, By Country
8.2.1.4. Rest Of The World Ic Engine Powered Market, By Country
8.3. Electric Powered
8.3.1 Electric Powered Market, By Region
8.3.1.1. North America Electric Powered Market, By Country
8.3.1.2. Europe Electric Powered Market, By Country
8.3.1.3. Asia-pacific Electric Powered Market, By Country
8.3.1.4. Rest Of The World Electric Powered Market, By Country
9. Global Forklift Truck Market, By End User
9.1. Overview
9.2. Retail And Wholesale
9.2.1 Retail And Wholesale Market, By Region
9.2.1.1. North America Retail And Wholesale Market, By Country
9.2.1.2. Europe Retail And Wholesale Market, By Country
9.2.1.3. Asia-pacific Retail And Wholesale Market, By Country
9.2.1.4. Rest Of The World Retail And Wholesale Market, By Country
9.3. Logistics
9.3.1 Logistics Market, By Region
9.3.1.1. North America Logistics Market, By Country
9.3.1.2. Europe Logistics Market, By Country
9.3.1.3. Asia-pacific Logistics Market, By Country
9.3.1.4. Rest Of The World Logistics Market, By Country
9.4. E-commerce
9.4.1 E-commerce Market, By Region
9.4.1.1. North America E-commerce Market, By Country
9.4.1.2. Europe E-commerce Market, By Country
9.4.1.3. Asia-pacific E-commerce Market, By Country
9.4.1.4. Rest Of The World E-commerce Market, By Country
9.5. Automotive
9.5.1 Automotive Market, By Region
9.5.1.1. North America Automotive Market, By Country
9.5.1.2. Europe Automotive Market, By Country
9.5.1.3. Asia-pacific Automotive Market, By Country
9.5.1.4. Rest Of The World Automotive Market, By Country
9.6. Food Industry
9.6.1 Food Industry Market, By Region
9.6.1.1. North America Food Industry Market, By Country
9.6.1.2. Europe Food Industry Market, By Country
9.6.1.3. Asia-pacific Food Industry Market, By Country
9.6.1.4. Rest Of The World Food Industry Market, By Country
9.7. Others
9.7.1 Others Market, By Region
9.7.1.1. North America Others Market, By Country
9.7.1.2. Europe Others Market, By Country
9.7.1.3. Asia-pacific Others Market, By Country
9.7.1.4. Rest Of The World Others Market, By Country
10. Global Forklift Truck Market, By Region
10.1. Overview
10.2. North America
10.2.1 North America Forklift Truck Market, By Class Type
10.2.2 North America Forklift Truck Market, By Product
10.2.3 North America Forklift Truck Market, By Engine
10.2.4 North America Forklift Truck Market, By End User
10.2.5 North America Forklift Truck Market, By Country
10.2.5.1. U.S.
10.2.5.1.1. U.S. Forklift Truck Market, By Class Type
10.2.5.1.2. U.S. Forklift Truck Market, By Product
10.2.5.1.3. U.S. Forklift Truck Market, By Engine
10.2.5.1.4. U.S. Forklift Truck Market, By End User
10.2.5.2. Canada
10.2.5.2.1. Canada Forklift Truck Market, By Class Type
10.2.5.2.2. Canada Forklift Truck Market, By Product
10.2.5.2.3. Canada Forklift Truck Market, By Engine
10.2.5.2.4. Canada Forklift Truck Market, By End User
10.2.5.3. Mexico
10.2.5.3.1. Mexico Forklift Truck Market, By Class Type
10.2.5.3.2. Mexico Forklift Truck Market, By Product
10.2.5.3.3. Mexico Forklift Truck Market, By Engine
10.2.5.3.4. Mexico Forklift Truck Market, By End User
10.3. Europe
10.3.1 Europe Forklift Truck Market, By Class Type
10.3.2 Europe Forklift Truck Market, By Product
10.3.3 Europe Forklift Truck Market, By Engine
10.3.4 Europe Forklift Truck Market, By End User
10.3.5 Europe Forklift Truck Market, By Country
10.3.5.1. Uk
10.3.5.1.1. Uk Forklift Truck Market, By Class Type
10.3.5.1.2. Uk Forklift Truck Market, By Product
10.3.5.1.3. Uk Forklift Truck Market, By Engine
10.3.5.1.4. Uk Forklift Truck Market, By End User
10.3.5.2. Germany
10.3.5.2.1. Germany Forklift Truck Market, By Class Type
10.3.5.2.2. Germany Forklift Truck Market, By Product
10.3.5.2.3. Germany Forklift Truck Market, By Engine
10.3.5.2.4. Germany Forklift Truck Market, By End User
10.3.5.3. France
10.3.5.3.1. France Forklift Truck Market, By Class Type
10.3.5.3.2. France Forklift Truck Market, By Product
10.3.5.3.3. France Forklift Truck Market, By Engine
10.3.5.3.4. France Forklift Truck Market, By End User
10.3.5.4. Spain
10.3.5.4.1. Spain Forklift Truck Market, By Class Type
10.3.5.4.2. Spain Forklift Truck Market, By Product
10.3.5.4.3. Spain Forklift Truck Market, By Engine
10.3.5.4.4. Spain Forklift Truck Market, By End User
10.3.5.5. Italy
10.3.5.5.1. Italy Forklift Truck Market, By Class Type
10.3.5.5.2. Italy Forklift Truck Market, By Product
10.3.5.5.3. Italy Forklift Truck Market, By Engine
10.3.5.5.4. Italy Forklift Truck Market, By End User
10.3.5.6. Netherlands
10.3.5.6.1. Netherlands Forklift Truck Market, By Class Type
10.3.5.6.2. Netherlands Forklift Truck Market, By Product
10.3.5.6.3. Netherlands Forklift Truck Market, By Engine
10.3.5.6.4. Netherlands Forklift Truck Market, By End User
10.3.5.7. Rest Of Europe
10.3.5.7.1. Rest Of Europe Forklift Truck Market, By Class Type
10.3.5.7.2. Rest Of Europe Forklift Truck Market, By Product
10.3.5.7.3. Rest Of Europe Forklift Truck Market, By Engine
10.3.5.7.4. Rest Of Europe Forklift Truck Market, By End User
10.4. Asia-pacific
10.4.1 Asia-pacific Forklift Truck Market, By Class Type
10.4.2 Asia-pacific Forklift Truck Market, By Product
10.4.3 Asia-pacific Forklift Truck Market, By Engine
10.4.4 Asia-pacific Forklift Truck Market, By End User
10.4.5 Asia-pacific Forklift Truck Market, By Country
10.4.5.1. China
10.4.5.1.1. China Forklift Truck Market, By Class Type
10.4.5.1.2. China Forklift Truck Market, By Product
10.4.5.1.3. China Forklift Truck Market, By Engine
10.4.5.1.4. China Forklift Truck Market, By End User
10.4.5.2. Japan
10.4.5.2.1. Japan Forklift Truck Market, By Class Type
10.4.5.2.2. Japan Forklift Truck Market, By Product
10.4.5.2.3. Japan Forklift Truck Market, By Engine
10.4.5.2.4. Japan Forklift Truck Market, By End User
10.4.5.3. India
10.4.5.3.1. India Forklift Truck Market, By Class Type
10.4.5.3.2. India Forklift Truck Market, By Product
10.4.5.3.3. India Forklift Truck Market, By Engine
10.4.5.3.4. India Forklift Truck Market, By End User
10.4.5.4. Australia
10.4.5.4.1. Australia Forklift Truck Market, By Class Type
10.4.5.4.2. Australia Forklift Truck Market, By Product
10.4.5.4.3. Australia Forklift Truck Market, By Engine
10.4.5.4.4. Australia Forklift Truck Market, By End User
10.4.5.5. South Korea
10.4.5.5.1. South Korea Forklift Truck Market, By Class Type
10.4.5.5.2. South Korea Forklift Truck Market, By Product
10.4.5.5.3. South Korea Forklift Truck Market, By Engine
10.4.5.5.4. South Korea Forklift Truck Market, By End User
10.4.5.6. Taiwan
10.4.5.6.1. Taiwan Forklift Truck Market, By Class Type
10.4.5.6.2. Taiwan Forklift Truck Market, By Product
10.4.5.6.3. Taiwan Forklift Truck Market, By Engine
10.4.5.6.4. Taiwan Forklift Truck Market, By End User
10.4.5.7. Vietnam
10.4.5.7.1. Vietnam Forklift Truck Market, By Class Type
10.4.5.7.2. Vietnam Forklift Truck Market, By Product
10.4.5.7.3. Vietnam Forklift Truck Market, By Engine
10.4.5.7.4. Vietnam Forklift Truck Market, By End User
10.4.5.8. Rest Of Asia-pacific
10.4.5.8.1. Rest Of Asia-pacific Forklift Truck Market, By Class Type
10.4.5.8.2. Rest Of Asia-pacific Forklift Truck Market, By Product
10.4.5.8.3. Rest Of Asia-pacific Forklift Truck Market, By Engine
10.4.5.8.4. Rest Of Asia-pacific Forklift Truck Market, By End User
10.5. Rest Of The World
10.5.1 Rest Of The World Forklift Truck Market, By Class Type
10.5.2 Rest Of The World Forklift Truck Market, By Product
10.5.3 Rest Of The World Forklift Truck Market, By Engine
10.5.4 Rest Of The World Forklift Truck Market, By End User
10.5.5 Rest Of The World Forklift Truck Market, By Country
10.5.5.1. Latin America
10.5.5.1.1. Latin America Forklift Truck Market, By Class Type
10.5.5.1.2. Latin America Forklift Truck Market, By Product
10.5.5.1.3. Latin America Forklift Truck Market, By Engine
10.5.5.1.4. Latin America Forklift Truck Market, By End User
10.5.5.2. Middle East
10.5.5.2.1. Middle East Forklift Truck Market, By Class Type
10.5.5.2.2. Middle East Forklift Truck Market, By Product
10.5.5.2.3. Middle East Forklift Truck Market, By Engine
10.5.5.2.4. Middle East Forklift Truck Market, By End User
10.5.5.3. Africa
10.5.5.3.1. Africa Forklift Truck Market, By Class Type
10.5.5.3.2. Africa Forklift Truck Market, By Product
10.5.5.3.3. Africa Forklift Truck Market, By Engine
11. Company Profiles
11.1. Hyster-yale Materials Handling, Inc.
11.1.1 Company Overview
11.1.2 Company Snapshot
11.1.3 Operating Business Segments
11.1.4 Product Portfolio
11.1.5 Business Performance
11.1.6 Sales By Business Segment
11.1.7 Sales By Geographic Segment
11.1.8 Key Strategic Moves & Developments
11.1.9 Primary Market Competitors
11.2. Jungheinrich Ag
11.2.1 Company Overview
11.2.2 Company Snapshot
11.2.3 Operating Business Segments
11.2.4 Product Portfolio
11.2.5 Business Performance
11.2.6 Sales By Business Segment
11.2.7 Sales By Geographic Segment
11.2.8 Key Strategic Moves & Developments
11.2.9 Primary Market Competitors
11.3. Kion Group Ag
11.3.1 Company Overview
11.3.2 Company Snapshot
11.3.3 Operating Business Segments
11.3.4 Product Portfolio
11.3.5 Business Performance
11.3.6 Sales By Business Segment
11.3.7 Sales By Geographic Segment
11.3.8 Key Strategic Moves & Developments
11.3.9 Primary Market Competitors
11.4. Komatsu Ltd.
11.4.1 Company Overview
11.4.2 Company Snapshot
11.4.3 Operating Business Segments
11.4.4 Product Portfolio
11.4.5 Business Performance
11.4.6 Sales By Business Segment
11.4.7 Key Strategic Moves & Developments
11.4.8 Primary Market Competitors
11.5. Lonking Machinery Co., Ltd.
11.5.1 Company Overview
11.5.2 Company Snapshot
11.5.3 Product Portfolio
11.5.4 Business Performance
11.5.5 Sales By Business Segment
11.5.6 Primary Market Competitors
11.6. Toyota Industries Corporation
11.6.1 Company Overview
11.6.2 Company Snapshot
11.6.3 Operating Business Segments
11.6.4 Product Portfolio
11.6.5 Business Performance
11.6.6 Sales By Business Segment
11.6.7 Sales By Geographic Segment
11.6.8 Key Strategic Moves & Developments
11.6.9 Primary Market Competitors
11.7. Mitsubishi Logisnext Co., Ltd.
11.7.1 Company Overview
11.7.2 Company Snapshot
11.7.3 Operating Business Segments
11.7.4 Product Portfolio
11.7.5 Business Performance
11.7.6 Sales By Business Segment
11.7.7 Sales By Geographic Segment
11.7.8 Key Strategic Moves & Developments
11.7.9 Primary Market Competitors
11.8. Crown Equipment Corporation
11.8.1 Company Overview
11.8.2 Company Snapshot
11.8.3 Product Portfolio
11.8.4 Key Strategic Moves & Developments
11.8.5 Primary Market Competitors
11.9. Ep Equipment
11.9.1 Company Overview
11.9.2 Company Snapshot
11.9.3 Product Portfolio
11.9.4 Key Strategic Moves & Developments
11.9.5 Primary Market Competitors
11.10. Hangcha
11.10.1 Company Overview
11.10.2 Company Snapshot
11.10.3 Product Portfolio
11.10.4 Key Strategic Moves & Developments
11.10.5 Primary Market Competitors

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