Date : Feb 2021

Report-ID : 264

Category : Automotive and Transportations


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The Global Forklift market size exceeded USD 50 billion in 2019 and is set to grow at around 10.5% CAGR between 2020 and 2026.The global industry shipments are projected to exceed 3 million units by 2026. The market growth is owing to the increasing deployment of this equipment for enhancing safety & security of workers while performing tasks of lifting and transporting heavy loads.Forklift is motor vehicles which are used for lifting and placement of discrete loads in an exceedingly specific facility. Forklifts contain forks for precise pallet-based unit loading and may be utilized with various platforms including grippers, platforms and clamps. Technological advancements aimed towards increasing productivity are driving the worldwide forklift market. Moreover, other factors like growing population, increasing demand for supply chain of various products across the world and rising globalization are anticipated to further propel demand for forklifts globally, over the approaching years.Source: Secondary Databases, Primary Interviews and 99-Reports AnalysisGlobal Forklift Industry Dynamics The major factors driving the worldwide forklift market are strong demand for forklift truck replacement in developed markets, growing e-commerce businesses across the world. Increasing demand for bulk investment within the purchase of low-cost forklift trucks in an emerging markets, technological enhancement, and expansion of warehouse space globally will drive the expansion of the forklift market. The utilization of a forklift for moving and lifting material over a brief distance is that the main factor behind its accelerated demand. However increases in third-party logistics services, the high cost of battery-operated, and fuel cell forklift are hindering the expansion of the market. Volatility within the global market is one among the main challenges within the global forklift market. Further, the event of intelligence forklift is one among the key trends within the global forklift market. Additionally, an increasing trend of hydrogen power truck as they are cost-effective and eco-friendly will surge the demand of this market within the next five years.
Global Forklift Market - Key Segment -
Global Forklift Market by Product -
Counterbalance
Warehouse
Global Forklift Market by End user:
Chemical
Food & beverage
Industrial
Logistics
Retail & E-commerce
Others
Global Forklift Market - Geographical Analysis By geography, the global Forklift Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).Asia Pacific is that the largest marketplace for the forklift across the world because of the presence of an outsized number of production facilities, high economic process, heavy logistics activities, and adoption of advanced technology. China is predicted to exhibit the fastest growth over the forecast period because of the favorable economic environment and technological advancement. Europe is that the second largest regional marketplace for a forklift with Germany within the front position and Netherland, France, Spain, UK, Italy, Sweden, and Belgium are other attractive markets for a forklift. North America is one among the foremost profitable regional markets for a forklift. Middle Eastern Africa also will be a major provider of the revenue of the worldwide forklift market including Iran, Turkey, South Africa, and Saudi Arabia.Global Forklift Market -
Competitive Analysis
Toyota Industries Corporation
Kion Group AG
Jungheinrich AG
Mitsubishi Logisnext Co Ltd.
Crown Equipment Corp.
Hyster-Yale Materials Handling Inc.
Anhui Forklift Truck Group Co Ltd
Hangcha Group Co Ltd
Doosan Industrial Vehicle
Clark Material Handling International Inc
TABLE OF CONTENT


1. Introduction
1.1. Market Definition
1.2. Purpose of the Report
1.3. Currency
1.4. Limitations
1.5. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Segmentation
2.3. Research Approach
1. Top-Down Approach
2. Bottom-Up Approach
2.4. Primary Research
2.5. Secondary Research
2.6. Assumptions
3. Executive Summary
3.1. Global Market Snapshot, by Geography
3.2. Forklift Market, by End use
3.3. Competitive Landscape

4. Market Overview
4.1. Market Dynamics
1. Driving Forces
1. Commercial adoption of digitalization
2. High adoption of cloud services by banking sector
3. Growing advancement in digital Product
4. Driver 4
2. Restraining Factors
1. Increasing risk of Cyber threats
2. Privacy Concerns
3. Restraint 3
3. Opportunity Matrix
1. Opportunity 1
2. Opportunity 2
4. Challenges
1. Challenge 1
2. Challenge 2
5. Industry Insights
5.1. Porter's Five Forces Analysis
1. Bargaining power of supplier
2. Bargaining power of buyer
3. Threat of substitute
4. Threat of new entrant
5. Degree of competition
5.2. PEST Analysis
5.3. Value Chain Analysis
5.4. Industry Trend
5.5. Global Forklift Market By Product -
1. Counterbalance
2. Warehouse
5.6. Global Forklift Market By End Use-
1. Chemical
2. Food & beverage
3. Industrial
4. Logistics
5. Retail & E-commerce
6. Others
5.7. Global Forklift Market, By Region -
1. North America
1. U.S.
2. Canada
2. Europe
1. Germany
2. UK
3. France
4. Rest of Europe
3. Asia-Pacific
1. China
2. Japan
3. India
4. Rest of APAC
4. LAMEA
1. Latin America
2. Middle East

6. Competitive Landscape
6.1. Key Players Analysis
6.2. Strategic Analysis
1. New Drug Product Developments
2. Mergers & Acquisitions
3. Portfolio/Drug Product Capacity Expansions
4. Geographic Expansions
5. Joint Ventures, Collaborations, Partnerships & Agreements

7. Company Profiles
1. Toyota Industries Corporation
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
2. Kion Group AG,
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
3. Jungheinrich AG,
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
4. Mitsubishi Logisnext Co., Ltd
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
5. Crown Equipment Corp
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
6. Hyster-Yale Materials Handling, Inc.,
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
7. Anhui Forklift Truck Group Co., Ltd
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
8. Hangcha Group Co., Ltd.,
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
9. Doosan Industrial Vehicle
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
10. Clark Material Handling International, Inc
1. Company Overview
2. Financial Snapshot
3. Drug Product and Services Offered
4. Recent Developments
Research Methodology
Global Forklift Market - Key Segment -
Global Forklift Market By Product -
  • Counterbalance
  • Warehouse
    Global Forklift Market By End user:
  • Chemical
  • Food & beverage
  • Industrial
  • Logistics
  • Retail & E-commerce
  • Others

    Key Players


    Global Forklift Market - Competitive Analysis Toyota Industries Corporation
    Kion Group AG
    Jungheinrich AG
    Mitsubishi Logisnext Co. Ltd.
    Crown Equipment Corp.
    Hyster-Yale Materials Handling Anhui Forklift Truck Group Co. Ltd.
    Hangcha Group Co. Ltd.
    Doosan Industrial Vehicle
    Clark Material Handling International
    Inc


  • Research Methodology

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