Report Overview

Global Forklift Truck Market: Overview

Global forklift truck market drives the new growth opportunities in a different segment. Owing to growth in e-commerce business, expansion of warehouse space globally and rising manufacturing industries. Forklift trucks are motorized vehicles which are mainly used for movement, independent lifting, and placement of discrete loads throughout a facility. 

Industries such as Food industries and logistics are identified as lucrative targets for investment in forklift truck market and projected to rise with the highest market share. Other factors such as an increase in productivity, reduced injuries & accidents along with operator comfort are major factors that supplement the market growth. Manufacturers of materials handling equipment are focusing towards the advancement of equipment with high performance owing to the growing need for fuel efficiency and green technology based vehicles. Moreover, stringent government regulations related to carbon emissions in Japan and China and rise in adoption of electric forklift truck are expected to fuel the forklift truck market growth in the future.

Retail segment is projected to dominate the Global forklift truck market during the forecast period.

On the basis of end-user, the Global Forklift truck market has been segmented into Transportation and Logistics, Retail Industry, General Manufacturing, Construction, and Food & Beverages Industry. The retail segment is projected to be the leading segment of the overall forklift truck market and anticipated to dominate the market over the forecast period 2018-2025.

Owing to the booming e-commerce sector which caters to various product segments like apparels, cosmetics, etc. Immense change in the transportation and logistics industries, utilized for independent movement, lifting, and placement of discrete loads in a specific facility. With the technological advancement and economic level, the forklift truck is likely to grow over the forecast period. Forklift trucks provide higher flexibility and operational speed for repeated material handling tasks which makes it suitable for numerous construction activities. Thus, the growth of the retail sector will drive the growth of forklift trucks market during the forecast period.

Electric Power segment is projected to be the fastest growing segment in the Global forklift truck market during the forecast period.

Electric/battery-powered forklifts have taken a stronghold in a material handling environment. Electric power trucks are gaining traction due to the implementation of various advanced technologies and their growing application across various industries worldwide. With an increasing focus on fuel efficiency and emission norms, the majority of forklift manufacturers are focusing on battery-operated forklifts so as to offer enhanced efficiency with lesser emissions. Developed countries like North America and Europe are gaining a huge ground for an electric power forklift truck. However, in the emerging economies, there is still a preference for IC-engine forklift trucks. In addition, forklift trucks that are powered on alternate sources of energy like hydrogen are also gaining traction in the global forklift truck market.

Asia-Pacific accounts for the largest share of the global forklift truck market during the forecast period.

On the basis of region, the forklift truck market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific and Europe are the major demand generating regions in the global forklift market. Owing to surging demand for new airports, seaports, and road construction in the regions, government scheme such as Make in India. Factors such as favorable economic environment and technological advancements will fuel the demand for forklift truck globally. Moreover, increasing penetration of e-commerce companies in countries like India & China is further bolstering the growth of the forklift market in the region.

Objective of the Study:

• To analyze and forecast market size of the global forklift truck market, in terms of value & volume.

• To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting forklift truck market into five regions namely, North America, Europe, Asia Pacific, Middle East, and their leading countries.

• To outline, categorized and forecast the global forklift truck market on the basis of engine power, by end-use and by class.

• To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global forklift truck market.

• To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

• To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Global Forklift Truck Market Competitive Landscape

Companies such as Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Mitsubishi Logisnext Company Ltd., Crown Equipment Corp., Hyster-Yale Materials Handling, Inc., Anhui Forklift Truck Group Co. Ltd., Hangcha Group Co. Ltd., Doosan Industrial Vehicle, and Clark Material Handling International, Inc. are the key players of forklift truck market globally.

Key Target Audience:

• Market research and consulting firms
• Industry associations
• Raw material suppliers
• Global forklift truck manufacturers
• Research organizations and consulting companies
• Organizations, associations and alliances related to forklift Truck market
• Regulatory bodies

Scope of the Report

By Engine Power

•  IC Engine Power

• Electric Power

By End-User

· Transportation and Logistics

·         Retail Industry

·         General Manufacturing

·         Construction

·         Food & Beverages

By Class

·         Class I

·         Class II

·         Class III

·         Class IV

·         Class V

By Tonnage

·         <5Ton

·         5-11 Ton

·         11-36 Ton

·         >36 Ton

In addition, the report provides analysis of the forklift truck market with respect to the following geographic segments and their high performing regions:

·         North America

·         Europe

·         Asia Pacific (APAC)

·         LATAM

·         MEA

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.