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Global Forklift Truck Market Key Futuristic Trends and Growth Factors till 2026 – KION GROUP AG; CLARK; EP Equipment, CO.,LTD; TOYOTA INDUSTRIES CORPORATION; Jungheinrich AG

The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Forklift trucks are automotive vehicles that are used to lift various heavy-weight goods and products over a short distance. These vehicles majorly find their use in various material handling services where there is a need to protect the goods and products and transfer them from one place to another in an industrial environment.Different markets, marketing strategies, trends, future products and emerging opportunities are taken into account while studying market and preparing this report

Global Forklift Truck Market Segmented By Product Type (Warehouse, Counterbalance), Technology Type (IC Engine, Electric Power), Class (Class I, Class II, Class III, Class IV, Class V), End-User (Logistics, Automotive, Retail & Wholesale, Food & Beverages, Others) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

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Global Forklift Truck Market is expected to rise from its initial estimated value of USD 45.84 billion in 2018 to a projected value of USD 82.92 billion by 2026, registering a CAGR of 7.69% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing levels of construction activities globally which has been caused by increasing prevalence of industrialization.

Competitive Analysis: Global Forklift Truck Market

Global forklift truck market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of forklift truck market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players: Global Forklift Truck Market

Few of the major competitors currently working in forklift truck market are KION GROUP AG; CLARK; EP Equipment, CO.,LTD; TOYOTA INDUSTRIES CORPORATION; Jungheinrich AG; Crown Equipment Corporation; DOOSAN INDUSTRIAL VEHICLE AMERICA CORP.; Hangcha; Hyster-Yale Materials Handling, Inc.,; Hyundai Heavy Industries Co., Ltd.; Komatsu Ltd.; MITSUBISHI LOGISNEXT CO.,LTD. and Anhui Heli Industrial Vehicle Imp. & Exp. Co.,Ltd.

Key Developments in the Market:

  • In June 2018, Hyster-Yale Materials Handling, Inc., announced that they completed the acquisition of 75 percent share of Zhejiang Maximal Forklift Co., Ltd. for USD 90 million. The acquired organisation has been named Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd. This acquisition will help in expanding the global capabilities in providing enhanced product offerings and enhance the presence of the company globally.
  • In July 2017, UniCarriers Corporation announced that they had agreed to integrate their business excluding the domestic sales covered throughout the Japan region with their parent company of Mitsubishi Nichiyu Forklift Co., Ltd. The renamed organisation named as “Logisnext UniCarriers Co., Ltd.” will become a distribution subsidiary of the parent organisation.

Table of Contents

1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports

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Segmentation: Global Forklift Truck Market

  • By Product Type
    • Warehouse
    • Counterbalance
  • By Technology Type
    • IC Engine
    • Electric Power
  • By Class
    • Class I
    • Class II
    • Class III
    • Class IV
    • Class V
  • By End-User
    • Logistics
    • Automotive
    • Retail & Wholesale
    • Food & Beverages
    • Others
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific
    • Middle East and Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Market Drivers:

  • Increasing adoption of e-commerce shopping which uses the product majorly in their warehouses and storage areas
  • Increasing areas covered by warehouses and storage areas where there is an increased need for usage of forklift trucks

Market Restraints:

  • Lack in the number of suppliers of raw materials for the production of forklift truck; this factor is expected to act as a restraint to the market growth
  • Requirement of the product over certain cycles or periods in the year is expected to restrain the market growth

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