Report overview
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 contains market size and forecasts of Forklift Trucks in global, including the following market information:
Global Forklift Trucks Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Forklift Trucks Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Forklift Trucks companies in 2021 (%)
The global Forklift Trucks market was valued at 28000 million in 2021 and is projected to reach US$ 34740 million by 2028, at a CAGR of 3.1% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Class 1 Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Forklift Trucks include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha and Clark Material Handling, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Forklift Trucks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Forklift Trucks Market, Ingecal, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, Ingecal, 2021 (%)
Class 1
Class 2
Class 3
Class 4/5
Global Forklift Trucks Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, by Application, 2021 (%)
Warehouses
Factories
Distribution Centers
Others
Global Forklift Trucks Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Forklift Trucks revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Forklift Trucks revenues share in global market, 2021 (%)
Key companies Forklift Trucks sales in global market, 2017-2022 (Estimated), (Units)
Key companies Forklift Trucks sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
