Forklift Trucks Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global forklift truck market is expected to grow at a CAGR of around 4.1% during 2021-2029. This report on global forklift truck market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global forklift truck market by segmenting the market based on product type, technology, class, application, and region. Also, detailed profiles of companies operating in the forklift truck market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing Construction Industry
• Widely Used for Performing Various Industrial Tasks
Market Challenges
• High Initial Costs
• Labour Skill Issues
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Product Type
• Counterbalanced Forklift Trucks
• Warehouse Forklift Trucks
Market by Technology
• Electricity Powered
• Internal Combustion Engine Powered
Market by Class
• Class I
• Class II
• Class III
• Class IV
• Class V
Market by Application
• Non-Industrial
Warehouses and Distribution Centers
Construction Sites
Dockyards
Snow Plows
• Industrial
Manufacturing
Recycling Operations
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Forklift Truck Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Forklift Truck Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Forklift Truck Market by Product Type
- 5.1. Introduction
- 5.2. Counterbalanced Forklift Trucks
- 5.3. Warehouse Forklift Trucks
- 6. Global Forklift Truck Market by Technology
- 6.1. Introduction
- 6.2. Electricity Powered
- 6.3. Internal Combustion Engine Powered
- 7. Global Forklift Truck 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
- 8. Global Forklift Truck Market by Application
- 8.1. Introduction
- 8.2. Non-Industrial
- 8.2.1. Warehouses and Distribution Centers
- 8.2.2. Construction Sites
- 8.2.3. Dockyards
- 8.2.4. Snow Plows
- 8.3. Industrial
- 8.3.1. Manufacturing
- 8.3.2. Recycling Operations
- 9. Global Forklift Truck Market by Region
- 9.1 Introduction
- 9.2 Europe
- 9.2.1 Germany
- 9.2.2 United Kingdom
- 9.2.3 France
- 9.2.4 Italy
- 9.2.5 Spain
- 9.2.6 Russia
- 9.2.7 Netherlands
- 9.2.8 Rest of the Europe
- 9.3 North America
- 9.3.1 United States
- 9.3.2 Canada
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Indonesia
- 9.4.7 Rest of the Asia Pacific
- 9.5 Latin America
- 9.5.1 Mexico
- 9.5.2 Brazil
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 Turkey
- 9.6.3 Iran
- 9.6.4 Rest of Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1 Competitive Scenario
- 13.2 Company Profiles
- 13.2.1 Clark Material Handling Company
- 13.2.2 Crown Equipment Corporation
- 13.2.3 Godrej & Boyce
- 13.2.4 Hyster-Yale Materials Handling Inc.
- 13.2.5 Hyundai Heavy Industries Co. Ltd
- 13.2.6 Jungheinrich
- 13.2.7 KION Group
- 13.2.8 Mitsubishi Forklift Trucks
- 13.2.9 Toyota Industries Corporation
- 13.2.10 Hangcha Group Co.
- 13.2.11 Doosan Industrial Vehicles Co. Ltd
- 13.2.12 Caterpillar Inc.
- 13.2.13 Anhui Heli
- 13.2.14 Komatsu Ltd
- List of Figures
- Figure 1: Global Forklift Truck Market (in US$ Million), 2020-2024
- Figure 2: Global Forklift Truck Market by Product Type, 2024
- Figure 3: Global Forklift Truck Market by Technology, 2024
- Figure 4: Global Forklift Truck Market by Class, 2024
- Figure 5: Global Forklift Truck Market by Application, 2024
- Figure 6: Global Forklift Truck Market by Region, 2024
- Figure 7: Global Forklift Truck Market (in US$ Million), 2025-2034
- Figure 8: Global Forklift Truck Market by Product Type (in %), 2024 & 2034
- Figure 9: Global Counterbalanced Forklift Truck Market (in US$ Million), 2020-2024
- Figure 10: Global Counterbalanced Forklift Truck Market (in US$ Million), 2025-2034
- Figure 11: Global Warehouse Forklift Truck Market (in US$ Million), 2020-2024
- Figure 12: Global Warehouse Forklift Truck Market (in US$ Million), 2025-2034
- Figure 13: Global Forklift Truck Market by Technology (in %), 2024 & 2034
- Figure 14: Global Electricity Powered Forklift Truck Market (in US$ Million), 2020-2024
- Figure 15: Global Electricity Powered Forklift Truck Market (in US$ Million), 2025-2034
- Figure 16: Global Internal Combustion Engine Powered Forklift Truck Market (in US$ Million), 2020-2024
- Figure 17: Global Internal Combustion Engine Powered Forklift Truck Market (in US$ Million), 2025-2034
- Figure 18: Global Forklift Truck Market by Product Type (in %), 2024 & 2034
- Figure 19: Global Class I Forklift Truck Market (in US$ Million), 2020-2024
- Figure 20: Global Class I Forklift Truck Market (in US$ Million), 2025-2034
- Figure 21: Global Class II Forklift Truck Market (in US$ Million), 2020-2024
- Figure 22: Global Class II Forklift Truck Market (in US$ Million), 2025-2034
- Figure 23: Global Class III Forklift Truck Market (in US$ Million), 2020-2024
- Figure 24: Global Class III Forklift Truck Market (in US$ Million), 2025-2034
- Figure 25: Global Class IV Forklift Truck Market (in US$ Million), 2020-2024
- Figure 26: Global Class IV Forklift Truck Market (in US$ Million), 2025-2034
- Figure 27: Global Class V Forklift Truck Market (in US$ Million), 2020-2024
- Figure 28: Global Class V Forklift Truck Market (in US$ Million), 2025-2034
- Figure 29: Global Forklift Truck Market by Application (in %), 2024 & 2034
- Figure 30: Global Non-Industrial Forklift Trucks Market (in US$ Million), 2020-2024
- Figure 31: Global Non-Industrial Forklift Trucks Market (in US$ Million), 2025-2034
- Figure 32: Warehouses and Distribution Centres Non-Industrial Forklift Trucks Market (in US$ Million), 2020-2034
- Figure 33: Construction Sites Non-Industrial Forklift Trucks Market (in US$ Million), 2020-2034
- Figure 34: Dockyards Non-Industrial Forklift Trucks Market (in US$ Million), 2020-2034
- Figure 35: Snow Plows Non-Industrial Forklift Trucks Market (in US$ Million), 2020-2034
- Figure 36: Global Industrial Forklift Trucks Market (in US$ Million), 2025-2034
- Figure 37: Global Industrial Forklift Trucks Market (in US$ Million), 2025-2034
- Figure 38: Manufacturing Industrial Forklift Trucks Market (in US$ Million), 2020-2034
- Figure 39: Recycling Operations Industrial Forklift Trucks Market (in US$ Million), 2020-2034
- Figure 40: Forklift Truck Market by Region (in %), 2024 & 2034
- Figure 41: Europe Forklift Truck Market (in US$ Million), 2020-2024
- Figure 42: Europe Forklift Truck Market (in US$ Million), 2025-2034
- Figure 43: Europe Forklift Truck Market by Country (in %), 2024 & 2034
- Figure 44: Germany Forklift Truck Market (in US$ Million), 2020-2034
- Figure 45: United Kingdom Forklift Truck Market (in US$ Million), 2020-2034
- Figure 46: France Forklift Truck Market (in US$ Million), 2020-2034
- Figure 47: Italy Forklift Truck Market (in US$ Million), 2020-2034
- Figure 48: Spain Forklift Truck Market (in US$ Million), 2020-2034
- Figure 49: Russia Forklift Truck Market (in US$ Million), 2020-2034
- Figure 50: Netherlands Forklift Truck Market (in US$ Million), 2020-2034
- Figure 51: North America Forklift Truck Market (in US$ Million), 2020-2024
- Figure 52: North America Forklift Truck Market (in US$ Million), 2025-2034
- Figure 53: North America Forklift Truck Market by Country (in %), 2024 & 2034
- Figure 54: United States Forklift Truck Market (in US$ Million), 2020-2034
- Figure 55: Canada Forklift Truck Market (in US$ Million), 2020-2034
- Figure 56: Asia Pacific Forklift Truck Market (in US$ Million), 2020-2024
- Figure 57: Asia Pacific Forklift Truck Market (in US$ Million), 2025-2034
- Figure 58: Asia Pacific Forklift Truck Market by Country (in %), 2024 & 2034
- Figure 59: China Forklift Truck Market (in US$ Million), 2020-2034
- Figure 60: Japan Forklift Truck Market (in US$ Million), 2020-2034
- Figure 61: India Forklift Truck Market (in US$ Million), 2020-2034
- Figure 62: South Korea Forklift Truck Market (in US$ Million), 2020-2034
- Figure 63: Australia Forklift Truck Market (in US$ Million), 2020-2034
- Figure 64: Indonesia Forklift Truck Market (in US$ Million), 2020-2034
- Figure 65: Latin America Forklift Truck Market (in US$ Million), 2020-2024
- Figure 66: Latin America Forklift Truck Market (in US$ Million), 2025-2034
- Figure 67: Latin America Forklift Truck Market by Country (in %), 2024 & 2034
- Figure 68: Mexico Forklift Truck Market (in US$ Million), 2020-2034
- Figure 69: Brazil Forklift Truck Market (in US$ Million), 2020-2034
- Figure 70: Argentina Forklift Truck Market (in US$ Million), 2020-2034
- Figure 71: Middle East & Africa Forklift Truck Market (in US$ Million), 2020-2024
- Figure 72: Middle East & Africa Forklift Truck Market (in US$ Million), 2025-2034
- Figure 73: Middle East & Africa Forklift Truck Market by Country (in %), 2024 & 2034
- Figure 74: Saudi Arabia Forklift Truck Market (in US$ Million), 2020-2034
- Figure 75: Turkey Forklift Truck Market (in US$ Million), 2020-2034
- Figure 76: Iran Forklift Truck Market (in US$ Million), 2020-2034
- Figure 77: Market Value Chain
- List of Tables
- Table 1: Global Forklift Truck Market Portraiture
- Table 2: Global Forklift Truck Market by Product Type (in US$ Million), 2024 & 2034
- Table 3: Global Forklift Truck Market by Technology (in US$ Million), 2024 & 2034
- Table 4: Global Forklift Truck Market by Class (in US$ Million), 2024 & 2034
- Table 5: Global Forklift Truck Market by Application (in US$ Million), 2024 & 2034
- Table 6: Non-Industrial Forklift Truck Market by Application (in US$ Million), 2024 & 2034
- Table 7: Industrial Forklift Truck Market by Application (in US$ Million), 2024 & 2034
- Table 8: Global Forklift Truck Market by Region (in US$ Million), 2024 & 2034
- Table 9: Europe Forklift Truck Market by Country (in US$ Million), 2024 & 2034
- Table 10: North America Forklift Truck Market by Country (in US$ Million), 2024 & 2034
- Table 11: Asia Pacific Forklift Truck Market by Country (in US$ Million), 2024 & 2034
- Table 12: Latin America Forklift Truck Market by Country (in US$ Million), 2024 & 2034
- Table 13: Middle East & Africa Forklift Truck Market by Country (in US$ Million), 2024 & 2034
- Table 14: List of Key Players
Research Assistance
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