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Global Forklift Market Report 2024

Forklift Global Market Report 2024 – By Propulsion (Electric, Internal Combustion Engine), By Fuel Type (Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric), By Class (Class 1, Class 2, Class 3, Class 4 Or 5), By Tonnage (Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton), By Application (Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Forklift Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : November 2024 | Delivery Time: 2-3 business days | Format : pdf

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Forklift Market Definition

A forklift is a powered industrial truck that lifts and moves materials over short distances. They are designed to handle heavy loads, transport pallets, and perform tasks that would be difficult or dangerous for manual labor alone. Forklifts are critical in modern logistics and industrial operations, contributing to streamlined workflows and effective material management.

The main types of propulsion of forklifts are electric, and internal combustion engines. Electric forklifts are powered by rechargeable batteries, which drive electric motors. The various fuel types include gasoline and compressed natural gas (CNG) liquefied petroleum gas (LPG), diesel, and battery-electric with various classes that include class 1, class 2, class 3, and class 4/5. The various tonnages include below 5 tons, 5 tons - 10 tons, 11 tons – 36 tons, and above 36 tons. These are used in various applications such as freight and logistics, wholesale and retail distribution, manufacturing, and others.

Forklift Market Segmentation

The forklift market covered in this report is segmented –

1) By Propulsion: Electric, Internal Combustion Engine

2) By Fuel Type: Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric

3) By Class: Class 1, Class 2, Class 3, Class 4 Or 5

4) By Tonnage: Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton

5) By Application: Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications

Global Forklift Market Size 2023 to 2028: Graph

Forklift Market Size 2024 And Growth Rate

The forklift market size has grown rapidly in recent years. It will grow from $56.74 billion in 2023 to $63.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to the increasing adoption of electric forklifts, the rising focus on net zero emissions, the rising need for improving energy efficiency, the adoption of lithium battery-powered electric forklifts, and the expansion of the construction industry.

Forklift Market Growth Forecast

The forklift market size is expected to see rapid growth in the next few years. It will grow to $103.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to the growing e-commerce industry, growing demand for automated and lean warehouses, increasing investments in infrastructure development, challenging terrain and transportation of heavy construction supplies, and expansion of large building projects. Major trends in the forecast period include rapidly growing technological advancements, modular solutions to optimize customer productivity, demand for connected forklift trucks to uplift the industry, product innovations, and integrating automation and robotics.

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Forklift Market Driver: The Rise Of E-Commerce Fueling Growth In The Forklift Market

The rising demand for e-commerce is expected to propel the growth of the forklift market going forward. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the Internet. The demand for e-commerce is due to mobile technology, digital marketing, logistics, and supply chain management advances, AI to personalize the buying experience, and buy-now-pay-later services. Forklifts enhance e-commerce operations by improving inventory management, speeding up order fulfillment, and optimizing warehouse layouts while increasing safety and cost efficiency. Their versatility and efficiency are crucial to meeting the high demands and fast-paced nature of the e-commerce industry. For instance, in November 2023, according to the International Trade Administration, a US-based government agency, ecommerce revenues in the UK are anticipated to grow at an annual average rate of 12.6% by 2025. The UK ranks as the third-largest ecommerce market globally, following China and the U.S. As of January 2021, consumer ecommerce represented 36.3% of the total retail market in the UK, with revenues expected to rise to $285.60 billion by 2025. Therefore, the growing demand for e-commerce is driving the growth of the forklift market.

Global Forklift Market Major Players

Major companies operating in the forklift market are Caterpillar Inc., Toyota Industries Corporation, Komatsu Ltd., Anhui Heli Co. Ltd., Kion Group AG, TCM Corporation, Noblelift Intelligent Equipment Co. Ltd., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Hyster-Yale Inc., Crown Equipment Corporation, Hangcha Group Co. Ltd, Manitou Group, Doosan Group, Hydrauliska Industri AB, The Raymond Corporation, Action Construction Equipment Ltd., Linde Material Handling Ltd., AUSA, Clark Material Handling Company, Conger Industries Inc.< /b>

Global Forklift Market Trend: Major Forklift Companies Embrace Technological Advancements With Autonomous And Remote-Controlled Systems

Major companies operating in the forklift market are focusing on developing innovative technology, such as autonomous and remote-controlled forklift technology, to enhance operational efficiency, reduce labor costs, and improve safety in warehouses and industrial settings. Autonomous and remote-controlled forklift technology refers to advanced systems and innovations in material handling that enable forklifts to operate with minimal or no direct human intervention, enhancing efficiency, safety, and cost-effectiveness. For instance, in February 2024, ArcBest Corporation, a US-based company that provides freight transportation, logistics, and supply chain solutions, launched Vaux Smart Autonomy, a new line of autonomous and remote-controlled forklifts. This innovative system integrates autonomous mobile robots with software that allows human operators to control them remotely. The forklifts can operate in autonomous and manual modes, equipped with sensors and cameras to navigate warehouse environments effectively, loading and stacking pallets and moving other goods.

Forklift Market Merger And Acquisition: Oshkosh Corporation Expands Global Reach With Strategic Acquisition Of Ausa Corporation S.L

In May 2024, Oshkosh Corporation, a US-based innovator of purpose-built vehicles and equipment, acquired Ausa Corporation S.L. for an undisclosed amount. This acquisition aligns with Oshkosh's broader growth goals through strategic acquisitions, allowing the company to leverage Ausa's expertise and established market position to strengthen its global footprint and product diversity further. Ausa Corporation S.L. is a Spain-based company that manufactures forklifts.

Regional Insights For The Global Forklift Market

Asia-Pacific was the largest region in the forklift market in 2023. North America is expected to be the fastest-growing region in the market going forward. The regions covered in the forklift market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the forklift market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The forklift market consists of sales of pallet trucks, terrain trucks, and side loaders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The forklift market research report is one of a series of new reports from The Business Research Company that provides forklift market statistics, including forklift industry global market size, regional shares, competitors with a forklift market share, detailed forklift market segments, market trends, and opportunities, and any further data you may need to thrive in the forklift industry. This forklift market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Forklift Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2024 $ 73.23 Billion
Revenue Forecast In 2033 $ 93.87 Billion
Growth Rate CAGR of 6.40% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Propulsion: Electric, Internal Combustion Engine
2) By Fuel Type: Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric
3) By Class: Class 1, Class 2, Class 3, Class 4 Or 5
4) By Tonnage: Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton
5) By Application: Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Caterpillar Inc., Toyota Industries Corporation, Komatsu Ltd., Anhui Heli Co. Ltd., Kion Group AG, TCM Corporation, Noblelift Intelligent Equipment Co. Ltd., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Hyster-Yale Inc., Crown Equipment Corporation, Hangcha Group Co. Ltd, Manitou Group, Doosan Group, Hydrauliska Industri AB, The Raymond Corporation, Action Construction Equipment Ltd., Linde Material Handling Ltd., AUSA, Clark Material Handling Company, Conger Industries Inc.
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    Table Of Contents

    1. Executive Summary

    2. Forklift Market Characteristics

    3. Forklift Market Trends And Strategies

    4. Forklift Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Forklift Market Size and Growth

    5.1. Global Forklift Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Forklift Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Forklift Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Forklift Market Segmentation

    6.1. Global Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Electric

    Internal Combustion Engine

    6.2. Global Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG)

    Diesel

    Battery-Electric

    6.3. Global Forklift Market, Segmentation By Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Class 1

    Class 2

    Class 3

    Class 4 Or 5

    6.4. Global Forklift Market, Segmentation By Tonnage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Below 5 Ton

    5 Ton - 10 Ton

    11 Ton – 36 Ton

    Above 36 Ton

    6.5. Global Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Freight And Logistics

    Wholesale And Retail Distribution

    Manufacturing

    Other Applications

    7. Forklift Market Regional And Country Analysis

    7.1. Global Forklift Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Forklift Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Forklift Market

    8.1. Asia-Pacific Forklift Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Forklift Market

    9.1. China Forklift Market Overview

    9.2. China Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Forklift Market

    10.1. India Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Forklift Market

    11.1. Japan Forklift Market Overview

    11.2. Japan Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Forklift Market

    12.1. Australia Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Forklift Market

    13.1. Indonesia Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Forklift Market

    14.1. South Korea Forklift Market Overview

    14.2. South Korea Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Forklift Market

    15.1. Western Europe Forklift Market Overview

    15.2. Western Europe Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Forklift Market

    16.1. UK Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Forklift Market

    17.1. Germany Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Forklift Market

    18.1. France Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Forklift Market

    19.1. Italy Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Forklift Market

    20.1. Spain Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Forklift Market

    21.1. Eastern Europe Forklift Market Overview

    21.2. Eastern Europe Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Forklift Market

    22.1. Russia Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Forklift Market

    23.1. North America Forklift Market Overview

    23.2. North America Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Forklift Market

    24.1. USA Forklift Market Overview

    24.2. USA Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Forklift Market

    25.1. Canada Forklift Market Overview

    25.2. Canada Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Forklift Market

    26.1. South America Forklift Market Overview

    26.2. South America Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Forklift Market

    27.1. Brazil Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Forklift Market

    28.1. Middle East Forklift Market Overview

    28.2. Middle East Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Forklift Market

    29.1. Africa Forklift Market Overview

    29.2. Africa Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Forklift Market Competitive Landscape And Company Profiles

    30.1. Forklift Market Competitive Landscape

    30.2. Forklift Market Company Profiles

    30.2.1. Caterpillar Inc.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Toyota Industries Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Komatsu Ltd.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Anhui Heli Co. Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Kion Group AG

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Forklift Market Other Major And Innovative Companies

    31.1. TCM Corporation

    31.2. Noblelift Intelligent Equipment Co. Ltd.

    31.3. Jungheinrich AG

    31.4. Mitsubishi Logisnext Co. Ltd.

    31.5. Hyster-Yale Inc.

    31.6. Crown Equipment Corporation

    31.7. Hangcha Group Co. Ltd

    31.8. Manitou Group

    31.9. Doosan Group

    31.10. Hydrauliska Industri AB

    31.11. The Raymond Corporation

    31.12. Action Construction Equipment Ltd.

    31.13. Linde Material Handling Ltd.

    31.14. AUSA

    31.15. Clark Material Handling Company

    32. Global Forklift Market Competitive Benchmarking

    33. Global Forklift Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Forklift Market

    35. Forklift Market Future Outlook and Potential Analysis

    35.1 Forklift Market In 2028 - Countries Offering Most New Opportunities

    35.2 Forklift Market In 2028 - Segments Offering Most New Opportunities

    35.3 Forklift Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Forklift Market, Segmentation By Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Forklift Market, Segmentation By Tonnage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Forklift Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Global Forklift Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: Asia-Pacific, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: China, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: India, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Japan, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Australia, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: Indonesia, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: South Korea, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Western Europe, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: UK, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: Germany, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: France, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Italy, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Spain, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Eastern Europe, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: Russia, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: North America, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: USA, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: Canada, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: South America, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Brazil, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Middle East, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Africa, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 76: Caterpillar Inc. Financial Performance
  • Figure 77: Toyota Industries Corporation Financial Performance
  • Figure 78: Komatsu Ltd. Financial Performance
  • Figure 79: Anhui Heli Co. Ltd. Financial Performance
  • Figure 80: Kion Group AG Financial Performance

List Of Figures

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Forklift Market, Segmentation By Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Forklift Market, Segmentation By Tonnage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Forklift Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Global Forklift Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: Asia-Pacific, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: China, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: India, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Japan, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Australia, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: Indonesia, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: South Korea, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Western Europe, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: UK, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: Germany, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: France, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Italy, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Spain, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Eastern Europe, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: Russia, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: North America, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: USA, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: Canada, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: South America, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Brazil, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Middle East, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Africa, Forklift Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 76: Caterpillar Inc. Financial Performance
  • Table 77: Toyota Industries Corporation Financial Performance
  • Table 78: Komatsu Ltd. Financial Performance
  • Table 79: Anhui Heli Co. Ltd. Financial Performance
  • Table 80: Kion Group AG Financial Performance

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Frequently Asked Questions

What is the definition of the forklift market?

A forklift is a powered industrial truck that lifts and moves materials over short distances. They are designed to handle heavy loads, transport pallets, and perform tasks that would be difficult or dangerous for manual labor alone. Forklifts are critical in modern logistics and industrial operations, contributing to streamlined workflows and effective material management. For further insights on the forklift market, request a sample here

How will the forklift market drivers and restraints affect the forklift market dynamics? What forces will shape the forklift industry going forward?

The forklift market major growth driver - The Rise Of E-Commerce Fueling Growth In The Forklift Market. For further insights on the forklift market, request a sample here

What is the forecast market size or the forecast market value of the forklift market?

The forklift market size has grown rapidly in recent years. It will grow from $56.74 billion in 2023 to $63.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to the increasing adoption of electric forklifts, the rising focus on net zero emissions, the rising need for improving energy efficiency, the adoption of lithium battery-powered electric forklifts, and the expansion of the construction industry. The forklift market size is expected to see rapid growth in the next few years. It will grow to $103.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to the growing e-commerce industry, growing demand for automated and lean warehouses, increasing investments in infrastructure development, challenging terrain and transportation of heavy construction supplies, and expansion of large building projects. Major trends in the forecast period include rapidly growing technological advancements, modular solutions to optimize customer productivity, demand for connected forklift trucks to uplift the industry, product innovations, and integrating automation and robotics. For further insights on the forklift market, request a sample here

How is the forklift market segmented?

The forklift market is segmented
1) By Propulsion: Electric, Internal Combustion Engine
2) By Fuel Type: Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric
3) By Class: Class 1, Class 2, Class 3, Class 4 Or 5
4) By Tonnage: Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton
5) By Application: Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications For further insights on the forklift market, request a sample here

Which region has the largest share of the forklift market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the forklift market in 2023. North America is expected to be the fastest-growing region in the market going forward. The regions covered in the forklift market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the forklift market, request a sample here.

Who are the major players in the forklift market?

Major companies operating in the forklift market are Caterpillar Inc., Toyota Industries Corporation, Komatsu Ltd., Anhui Heli Co. Ltd., Kion Group AG, TCM Corporation, Noblelift Intelligent Equipment Co. Ltd., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Hyster-Yale Inc., Crown Equipment Corporation, Hangcha Group Co. Ltd, Manitou Group, Doosan Group, Hydrauliska Industri AB, The Raymond Corporation, Action Construction Equipment Ltd., Linde Material Handling Ltd., AUSA, Clark Material Handling Company, Conger Industries Inc. For further insights on the forklift market, request a sample here.

What are the key trends in the forklift market?

Major trend in the forklift market - Major Forklift Companies Embrace Technological Advancements With Autonomous And Remote-Controlled Systems. For further insights on the forklift market, request a sample here.

What are the major opportunities in the forklift market? What are the strategies for the forklift market?

For detailed insights on the major opportunities and strategies in the forklift market, request a sample here.

How does the forklift market relate to the overall economy and other similar markets?

For detailed insights on forklift market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the forklift industry?

For detailed insights on the mergers and acquisitions in the forklift industry, request a sample here.

What are the key dynamics influencing the forklift market growth? SWOT analysis of the forklift market.

For detailed insights on the key dynamics influencing the forklift market growth and SWOT analysis of the forklift industry, request a sample here.