The Impact of COVID-19 is included in Forklift Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Forklift Trends and Forecast
The future of the global forklift market looks promising with opportunities in the food and beverage, automotive, 3PL, paper and pulp, metals and heavy machinery, e-commerce, semiconductors and electronics, healthcare, and chemical markets. The global forklift market is expected to reach an estimated $83.6 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are expansion of the e-commerce market and the increased attention being paid to improving worker security and safety in the logistics sector, technological awareness among customers, as well as, expansion of the global manufacturing and construction sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Forklift by Segment
The study includes a forecast for the global forklift by propulsion, class, tire type, end use, and region.
Forklift Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]:
• Internal Combustion Engine
• Electric
Forklift Market by Class [Shipment Analysis by Value from 2018 to 2030]:
• Class 1
• Class 2
• Class 3
• Class 4/5
Forklift Market by Tire Type [Shipment Analysis by Value from 2018 to 2030]:
• Pneumatic
• Cushion
Forklift Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Food And Beverage
• Automotive
• 3PL
• Paper And Pulp
• Metals And Heavy Machinery
• E-Commerce
• Semiconductors And Electronics
• Healthcare
• Chemical
Forklift Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Forklift Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies forklift companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the forklift companies profiled in this report include-
• Anhui Heli
• Doosan
• Crown Equipment
• Hyster-Yale Materials Handling
• KION Group
• Hangcha
• Komatsu
• Toyota Material Handling
• Mitsubishi Logisnext
• Jungheinrich
Forklift Market Insights
Lucintel forecasts that electric will remain the larger segment over the forecast period due to the increased need for operational efficiency and stringent carbon-reduction regulations.
APAC will remain the largest region over the forecast period due to manufacturersÄX%$%X growing preference for factory automation.
Features of the Global Forklift Market
Market Size Estimates: Forklift market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Forklift market size by various segments, such as by propulsion, class, tire type, end use, and region in terms of value ($B).
Regional Analysis: Forklift market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different propulsion, class, tire type, end use, and regions for the forklift market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the forklift market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the forklift market size?
Answer: The global forklift market is expected to reach an estimated $83.6 billion by 2030.
Q2. What is the growth forecast for forklift market?
Answer: The global forklift market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the forklift market?
Answer: The major drivers for this market are expansion of the e-commerce market and the increased attention being paid to improving worker security and safety in the logistics sector, technological awareness among customers, as well as, expansion of the global manufacturing and construction sectors.
Q4. What are the major segments for forklift market?
Answer: The future of the global forklift market looks promising with opportunities in the food and beverage, automotive, 3PL, paper and pulp, metals and heavy machinery, e-commerce, semiconductors and electronics, healthcare, and chemical markets.
Q5. Who are the key forklift market companies?
Answer: Some of the key forklift companies are as follows:
• Anhui Heli
• Doosan
• Crown Equipment
• Hyster-Yale Materials Handling
• KION Group
• Hangcha
• Komatsu
• Toyota Material Handling
• Mitsubishi Logisnext
• Jungheinrich
Q6. Which forklift market segment will be the largest in future?
Answer: Lucintel forecasts that electric will remain the larger segment over the forecast period due to the increased need for operational efficiency and stringent carbon-reduction regulations.
Q7. In forklift market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to manufacturersÄX%$%X growing preference for factory automation.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the forklift market by propulsion (internal combustion engine and electric), class (class 1, class 2, class 3, and class 4/5), tire type (pneumatic and cushion), end use (food and beverage, automotive, 3PL, paper and pulp, metals and heavy machinery, e-commerce, semiconductors and electronics, healthcare, and chemical), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Forklift Market, Forklift Market Size, Forklift Market Growth, Forklift Market Analysis, Forklift Market Report, Forklift Market Share, Forklift Market Trends, Forklift Market Forecast, Forklift Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Forklift Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Forklift Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Forklift Market by Propulsion
3.3.1: Internal Combustion Engine
3.3.2: Electric
3.4: Global Forklift Market by Class
3.4.1: Class 1
3.4.2: Class 2
3.4.3: Class 3
3.4.4: Class 4/5
3.5: Global Forklift Market by Tire Type
3.5.1: Pneumatic
3.5.2: Cushion
3.6: Global Forklift Market by End Use
3.6.1: Food and Beverage
3.6.2: Automotive
3.6.3: 3PL
3.6.4: Paper and Pulp
3.6.5: Metals and Heavy Machinery
3.6.6: E-Commerce
3.6.7: Semiconductors and Electronics
3.6.8: Healthcare
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Forklift Market by Region
4.2: North American Forklift Market
4.2.2: North American Forklift Market by End Use: Food and Beverage, Automotive, 3PL, Paper and Pulp, Metals and Heavy Machinery, E-Commerce, Semiconductors and Electronics, Healthcare, and Chemical
4.3: European Forklift Market
4.3.1: European Forklift Market by Propulsion: Internal Combustion Engine and Electric
4.3.2: European Forklift Market by End Use: Food and Beverage, Automotive, 3PL, Paper and Pulp, Metals and Heavy Machinery, E-Commerce, Semiconductors and Electronics, Healthcare, and Chemical
4.4: APAC Forklift Market
4.4.1: APAC Forklift Market by Propulsion: Internal Combustion Engine and Electric
4.4.2: APAC Forklift Market by End Use: Food and Beverage, Automotive, 3PL, Paper and Pulp, Metals and Heavy Machinery, E-Commerce, Semiconductors and Electronics, Healthcare, and Chemical
4.5: ROW Forklift Market
4.5.1: ROW Forklift Market by Propulsion: Internal Combustion Engine and Electric
4.5.2: ROW Forklift Market by End Use: Food and Beverage, Automotive, 3PL, Paper and Pulp, Metals and Heavy Machinery, E-Commerce, Semiconductors and Electronics, Healthcare, and Chemical
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Forklift Market by Propulsion
6.1.2: Growth Opportunities for the Global Forklift Market by Class
6.1.3: Growth Opportunities for the Global Forklift Market by Tire Type
6.1.4: Growth Opportunities for the Global Forklift Market by End Use
6.1.5: Growth Opportunities for the Global Forklift Market by Region
6.2: Emerging Trends in the Global Forklift Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Forklift Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Forklift Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Anhui Heli
7.2: Doosan
7.3: Crown Equipment
7.4: Hyster-Yale Materials Handling
7.5: KION Group
7.6: Hangcha
7.7: Komatsu
7.8: Toyota Material Handling
7.9: Mitsubishi Logisnext
7.10: Jungheinrich
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Forklift Market Report.