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Global Forklift Truck market valued approximately USD 26 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2018-2025.  The Forklift Truck market is on the surging trend on the global scenario. The Forklift trucks are basically motorized vehicle mainly utilized for independent movement, lifting and placement of discrete loads in a specific facility. The Forklift trucks are mobile in nature which can be attached with forks precisely for pallet-based unit load picking & for loads which are not palletized in nature. The Forklift trucks could be utilized with a variety of platforms which mainly includes grippers, clamps and platforms. To move the light weight objects the manually powered vehicles which includes hand trucks and carts are utilized by the manufacturing and production utilities.

The Forklift trucks are specifically classified by class mainly into Class I, Class II, Class III, Class IV and Class V which are the main classes of forklift trucks. In the present scenario, one of the primary challenging tasks in warehouses, distribution centers and manufacturing facilities is that of removing & placing loads form the storage racks, providing or delivering the components to the assembly line operations, loading and unloading of the trailers in yards and positioning variety of loads for handling processes. These tasks are performed in many industries which includes Aerospace, Automotive, Food & Beverages, Construction, Consumer Goods industry, E-commerce, retail and wholesale industry which is further fuelling the utility and adoption of forklift trucks market on the global scenario. However, Limited number of suppliers for specific components is acting as hindering factors considering the growth of Forklift trucks market across the globe.

The Forklift truck OEM precisely depends on a defined number of suppliers for critical components which are utilized in various types of trucks such as Gasoline, diesel and Fuel engine. In this few of these critical components are majorly imported & subjected for regulation by custom and the high cost of these vehicles are also directly impacting the adoption & growth of forklift trucks market on the global scenario.

The regional analysis of Global Forklift Truck Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

Global Forklift Truck marketThe objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

  • Counter Balance Type
  • Warehouse Type

By Technology:

  • Electric Powered Type
  • IC Engine Powered

By End User:

  • Logistics
  • Retail & Wholesale
  • Automotive
  • Food Industry
  • Others

By Regions:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016

Base year – 2017

Forecast period – 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include Anhui Heli Co Ltd, Clark Material Handling Co Ltd, Crown Equipment Corporation, Godrej & Boyce Manufacturing, Hangcha Group Ltd, Hyundai Heavy Industries, Toyota Motor Corporation, and Mitsubishi Nichiyu Forklift Co Ltd and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Forklift Truck Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors

Chapter 1.           Executive Summary

1.1.         Market Snapshot

1.2.         Key Trends

1.3.         Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)

1.3.1.     Global Forklift Truck Market, by Region, 2015-2025 (USD Billion)

1.3.2.     Global Forklift Truck Market, by Type, 2015-2025 (USD Billion)

1.3.3.     Global Forklift Truck Market, by Device, 2015-2025 (USD Billion)

1.3.4.     Global Forklift Truck Market, by Application, 2015-2025 (USD Billion)

1.4.         Estimation Methodology

Chapter 2.           Global Forklift Truck Market Definition and Scope

2.1.         Research Objective

2.2.         Market Definition& Scope

2.2.1.     Industry Evolution

2.2.2.     Scope of the Study

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

2.5.         Report Limitation

Chapter 3.           Global Forklift Truck Market Dynamics

3.1.         See Saw Analysis

3.1.1.     Market Drivers

3.1.2.     Market Challenges

3.1.3.     Market Opportunities

Chapter 4.           Global Forklift Truck Market Industry Analysis

4.1.         Porter’s 5 Force Model

4.1.1.     Bargaining Power of Buyers

4.1.2.     Bargaining Power of Suppliers

4.1.3.     Threat of New Entrants

4.1.4.     Threat of Substitutes

4.1.5.     Competitive Rivalry

4.1.6.     Futuristic Approach to Porter’s 5 Force Model

4.2.         PEST Analysis

4.2.1.     Political Scenario

4.2.2.     Economic Scenario

4.2.3.     Social Scenario

4.2.4.     Technological Scenario

4.3.         Value Chain Analysis

4.3.1.     Supplier

4.3.2.     Manufacturers/Service Provider

4.3.3.     Distributors

4.3.4.     End-Users

4.4.         Key Buying Criteria

4.5.         Regulatory Framework

4.6.         Cost Structure Analysis

4.6.1.     Raw Material Cost Analysis

4.6.2.     Manufacturing Cost Analysis

4.6.3.     Labour Cost Analysis

4.7.         Investment Vs Adoption Scenario

4.8.         Analyst Recommendation & Conclusion

Chapter 5.           Global Forklift Truck Market, By Product Type

5.1.         Market Snapshot

5.2.         Market Performance – Potential Model

5.3.         Global Forklift Truck Market, Sub Segment Analysis

5.3.1.     Counter Balance Type

5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

5.3.2.     Warehouse Type

5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 6.           Global Forklift Truck Market, By Technology

6.1.         Market Snapshot

6.2.         Market Performance – Potential Model

6.3.         Global Forklift Truck Market, Sub Segment Analysis

6.3.1.     Electric Powered Type

6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

6.3.2.     Ic Engine Powered

6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 7.           Global Forklift Truck Market, By End User

7.1.         Market Snapshot

7.2.         Market Performance – Potential Model

7.3.         Global Forklift Truck Market, Sub Segment Analysis

7.3.1.     Retail & Wholesale

7.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.2.     Automotive

7.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.3.     Food Industry

7.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.4.     Logistics

7.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.5.     Others

7.3.5.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.5.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 8.           Global Forklift Truck Market, by Regional Analysis

8.1.         Forklift Truck Market, Regional Market Snapshot (2015-2025)

8.2.         North America Forklift Truck Market Snapshot

8.2.1.     U.S.

8.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.2.1.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.1.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.1.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.     Canada

8.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.         Europe Forklift Truck Market Snapshot

8.3.1.     U.K.

8.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.1.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.1.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.1.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.     Germany

8.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.2. Product Type estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.     France

8.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.     Rest of Europe

8.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.         Asia Forklift Truck Market Snapshot

8.4.1.     China

8.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.1.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.1.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.1.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.     India

8.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.     Japan

8.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.     Rest of Asia Pacific

8.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.         Latin America Forklift Truck Market Snapshot

8.5.1.     Brazil

8.5.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.5.1.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.1.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.1.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.     Mexico

8.5.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.         Rest of The World

8.6.1.     South America

8.6.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.6.1.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.1.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.1.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.     Middle East and Africa

8.6.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.2. Product Type breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.3. Technology breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.4. End User breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 9.           Competitive Intelligence

9.1.         Company Market Share (Subject to Data Availability)

9.2.         Top Market Strategies

9.3.         Company Profiles

9.3.1.     Anhui Heli Co. Ltd (China)

9.3.1.1. Overview

9.3.1.2. Financial (Subject to Data Availability)

9.3.1.3. Product Summary

9.3.1.4. Recent Developments

9.3.2.     Crown Equipment Corporation

9.3.3.     Clark Material Handling Co. Ltd

9.3.4.     Doosan Industrial Vehicle

9.3.5.     EP Equipment

9.3.6.     Godrej & Boyce Manufacturing

9.3.7.     Hyundai Heavy Industries

9.3.8.     Hangcha Group Co. Ltd

9.3.9.     Hyster-Yale Materials Handling Inc.

9.3.10.   Komatsu Limited

9.3.11.   Mitsubishi Nichiyu Forklift Co. Ltd

9.3.12.   Toyota Industries Corporation

Chapter 10.         Research Process

10.1.      Research Process

10.1.1.   Data Mining

10.1.2.   Analysis

10.1.3.   Market Estimation

10.1.4.   Validation

10.1.5.   Publishing

10.1.6.   Research Assumption

The Research Methodology for Global Forklift Truck Market Study deeply focuses on the entire value chain of the market. However, all of the statistical estimates are purely based on the consumption/implementation side of the value chain wherein the market sizes have been calculated by analyzing the prices i.e. sale price or cost prices along with the average demand/ procedures/usage/ deployment/execution of Forklift Truck across various industries / end-use/applications.

The whole Forklift Truck industry has been divided into various segments i.e. Product Type, Technology, End User & Regions and each of which is studied as an individual study by our research analysts and consultants. Each of the sub segments has been analyzed and estimated at country level to form a regional scope. After finalizing the regional and segmental revenues the total revenue for Global Forklift Truck Market is calculated as a sum of all the different segments.

Some of the key data points considered under the Research Methodology to calculate the revenue for Global Forklift Truck Market includes:

  • Revenues from key companies
  • Company market share analysis
  • Consumer spending analysis
  • Regional export and import analysis
  • Regulatory Trends
  • Sales revenue generated by various products/applications in different countries/geographies

The Research Methodology starts with extensive data mining, using paid & free authentic information sources such as white papers, industry journals, trade magazines, Hoovers, Factiva, Statista, news websites, technical publications, independent studies etc. a team of dedicated research analysts and associates work on all of the gathered data to extract relevant information. Key factors such as ongoing & upcoming industry trends, external & internal driving factors, restraining factors, growth opportunities and value chain analysis have been verified in order form qualitative part of the report and to back the estimation team for quantitative analysis.

We utilize a combination of top-down and bottom-up methodology for industry estimations & forecasts. Additionally, we employ data triangulation techniques to verify each of the estimates and forecasts through primary interviews and feedbacks. An extensive primary and secondary research have been conducted with the key industry people, through questionnaires, telephonic conversations, email conversations, and interviews to verify industry trends and estimations. Various government websites/portals and paid data sources are considered as a key source of secondary research.

All of the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from another. These models are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts. Both the types are used collectively in order to derive market estimates for the base year as well as for forecast period.


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