Report overview
The global Forklift Trucks market was valued at US$ 30370 million in 2023 and is projected to reach US$ 39940 million by 2030, at a CAGR of 4.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global forklift trucks main players are Toyota, Anhui Heli and Hangcha. Global top 3 manufacturers hold a share about 40%. In terms of product, class 4/5 is the largest segment, with a share about 36%. And in terms of application, the largest application is warehouses, with a share about 38%.
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 aims to provide a comprehensive presentation of the global market for Forklift 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 Forklift Trucks. This report contains market size and forecasts of Forklift Trucks in global, including the following market information:
Global Forklift Trucks Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global Forklift Trucks Market Sales, 2019-2024, 2025-2030, (Units)
Global top five Forklift Trucks companies in 2023 (%)
MARKET MONITOR GLOBAL, INC (MMG) has 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, by Type, 2019-2024, 2025-2030 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, by Type, 2023 (%)
Class 1
Class 2
Class 3
Class 4 and 5
Global Forklift Trucks Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, by Application, 2023 (%)
Warehouses
Factories
Distribution Centers
Others
Global Forklift Trucks Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (Units)
Global Forklift Trucks Market Segment Percentages, By Region and Country, 2023 (%)
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, 2019-2024 (Estimated), ($ millions)
Key companies Forklift Trucks revenues share in global market, 2023 (%)
Key companies Forklift Trucks sales in global market, 2019-2024 (Estimated), (Units)
Key companies Forklift 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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Forklift Trucks, market overview.
Chapter 2: Global Forklift Trucks market size in revenue and volume.
Chapter 3: Detailed analysis of Forklift 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 Forklift 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 Forklift 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.
