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The global Forklifts & Lift Trucks market was valued at US$ 24600 million in 2023 and is projected to reach US$ 31040 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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.
This report aims to provide a comprehensive presentation of the global market for Forklifts & Lift Trucks, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Forklifts & Lift Trucks. This report contains market size and forecasts of Forklifts & Lift Trucks in global, including the following market information:

• Global Forklifts & Lift Trucks Market Revenue, 2019-2024, 2024-2029, ($ millions)
• Global Forklifts & Lift Trucks Market Sales, 2019-2024, 2024-2029, (K Units)
• Global top five Forklifts & Lift Trucks companies in 2023 (%)

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.
We has surveyed the Forklifts & Lift 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 Forklifts & Lift Trucks Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Forklifts & Lift Trucks Market Segment Percentages, by Type, 2023 (%)

• Class 1 Forklift Trucks
• Class 2 Forklift Trucks
• Class 3 Forklift Trucks
• Class 4/5 Forklift Trucks

Global Forklifts & Lift Trucks Market, by Application, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Forklifts & Lift Trucks Market Segment Percentages, by Application, 2023 (%)

• Warehouses
• Factories
• Distribution Centers
• Airports
• Others

Global Forklifts & Lift Trucks Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Forklifts & Lift Trucks Market Segment Percentages, By Region and Country, 2023 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis
The report also provides analysis of leading market participants including:

• Key companies Forklifts & Lift Trucks revenues in global market, 2019-2024 (Estimated), ($ millions)
• Key companies Forklifts & Lift Trucks revenues share in global market, 2023 (%)
• Key companies Forklifts & Lift Trucks sales in global market, 2019-2024 (Estimated), (K Units)
• Key companies Forklifts & Lift Trucks sales share in global market, 2023 (%)

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
• Including or excluding key companies relevant to your analysis.

Outline of Major Chapters:
Chapter 1: Introduces the definition of Forklifts & Lift Trucks, market overview.
Chapter 2: Global Forklifts & Lift Trucks market size in revenue and volume.
Chapter 3: Detailed analysis of Forklifts & Lift Trucks manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Forklifts & Lift Trucks in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Forklifts & Lift Trucks capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.