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Forklift Trucks-Global Market Insights and Sales Trends 2025

Forklift Trucks-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1815565

No of Pages : 110

Synopsis
Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the forklift truck market.
This report mainly focuses on the new forklift trucks equipment, instead of service, rental, etc.
The Forklift Trucks industry can be broken down into several segments, Class 1, Class 2, Class 3 and Class 4/5.
Across the world, the major players cover Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha, Clark Material Handling, Doosan Corporation Industrial Vehicle, etc.
The global Forklift Trucks market size is expected to reach US$ 39380 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Forklift Trucks in various end use industries. The expanding demands from the Warehouses, Factories, Distribution Centers and Others, are propelling Forklift Trucks market. Class 1, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Class 2 segment is estimated at % CAGR for the next seven-year period.
Global key manufacturers of forklift trucks include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, etc., which are mainly located in North America, Europe, China, Japan, Korea, India, South America, etc. The top two producers have a total market share of 29%, with the largest producer being Toyota, accounting for 17%. At the consumption level, Asia Pacific has the largest sales market with a 50% share. In terms of product categories, class 4 and 5 have the largest market share with 36%, followed by class 3. In terms of applications, warehouses is the number one application with a 38% market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Forklift Trucks, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Forklift Trucks market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Forklift Trucks market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Forklift Trucks sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Forklift Trucks covered in this report include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha and Clark Material Handling, etc.
The global Forklift Trucks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce
Global Forklift Trucks market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Forklift Trucks market, Segment by Type:
Class 1
Class 2
Class 3
Class 4 and 5
Global Forklift Trucks market, by Application
Warehouses
Factories
Distribution Centers
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Forklift Trucks manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Forklift Trucks in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Forklift Trucks Market Overview
1.1 Forklift Trucks Product Overview
1.2 Forklift Trucks Market Segment by Type
1.2.1 Class 1
1.2.2 Class 2
1.2.3 Class 3
1.2.4 Class 4 and 5
1.3 Global Forklift Trucks Market Size by Type
1.3.1 Global Forklift Trucks Market Size Overview by Type (2018-2029)
1.3.2 Global Forklift Trucks Historic Market Size Review by Type (2018-2023)
1.3.3 Global Forklift Trucks Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Forklift Trucks Sales Breakdown by Type (2018-2023)
1.4.2 Europe Forklift Trucks Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Forklift Trucks Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Forklift Trucks Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Forklift Trucks Sales Breakdown by Type (2018-2023)
2 Global Forklift Trucks Market Competition by Company
2.1 Global Top Players by Forklift Trucks Sales (2018-2023)
2.2 Global Top Players by Forklift Trucks Revenue (2018-2023)
2.3 Global Top Players by Forklift Trucks Price (2018-2023)
2.4 Global Top Manufacturers Forklift Trucks Manufacturing Base Distribution, Sales Area, Product Type
2.5 Forklift Trucks Market Competitive Situation and Trends
2.5.1 Forklift Trucks Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Forklift Trucks Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Forklift Trucks as of 2022)
2.7 Date of Key Manufacturers Enter into Forklift Trucks Market
2.8 Key Manufacturers Forklift Trucks Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Forklift Trucks Status and Outlook by Region
3.1 Global Forklift Trucks Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Forklift Trucks Historic Market Size by Region
3.2.1 Global Forklift Trucks Sales in Volume by Region (2018-2023)
3.2.2 Global Forklift Trucks Sales in Value by Region (2018-2023)
3.2.3 Global Forklift Trucks Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Forklift Trucks Forecasted Market Size by Region
3.3.1 Global Forklift Trucks Sales in Volume by Region (2024-2029)
3.3.2 Global Forklift Trucks Sales in Value by Region (2024-2029)
3.3.3 Global Forklift Trucks Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Forklift Trucks by Application
4.1 Forklift Trucks Market Segment by Application
4.1.1 Warehouses
4.1.2 Factories
4.1.3 Distribution Centers
4.1.4 Others
4.2 Global Forklift Trucks Market Size by Application
4.2.1 Global Forklift Trucks Market Size Overview by Application (2018-2029)
4.2.2 Global Forklift Trucks Historic Market Size Review by Application (2018-2023)
4.2.3 Global Forklift Trucks Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Forklift Trucks Sales Breakdown by Application (2018-2023)
4.3.2 Europe Forklift Trucks Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Forklift Trucks Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Forklift Trucks Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Forklift Trucks Sales Breakdown by Application (2018-2023)
5 North America Forklift Trucks by Country
5.1 North America Forklift Trucks Historic Market Size by Country
5.1.1 North America Forklift Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Forklift Trucks Sales in Volume by Country (2018-2023)
5.1.3 North America Forklift Trucks Sales in Value by Country (2018-2023)
5.2 North America Forklift Trucks Forecasted Market Size by Country
5.2.1 North America Forklift Trucks Sales in Volume by Country (2024-2029)
5.2.2 North America Forklift Trucks Sales in Value by Country (2024-2029)
6 Europe Forklift Trucks by Country
6.1 Europe Forklift Trucks Historic Market Size by Country
6.1.1 Europe Forklift Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Forklift Trucks Sales in Volume by Country (2018-2023)
6.1.3 Europe Forklift Trucks Sales in Value by Country (2018-2023)
6.2 Europe Forklift Trucks Forecasted Market Size by Country
6.2.1 Europe Forklift Trucks Sales in Volume by Country (2024-2029)
6.2.2 Europe Forklift Trucks Sales in Value by Country (2024-2029)
7 Asia-Pacific Forklift Trucks by Region
7.1 Asia-Pacific Forklift Trucks Historic Market Size by Region
7.1.1 Asia-Pacific Forklift Trucks Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Forklift Trucks Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Forklift Trucks Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Forklift Trucks Forecasted Market Size by Region
7.2.1 Asia-Pacific Forklift Trucks Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Forklift Trucks Sales in Value by Region (2024-2029)
8 Latin America Forklift Trucks by Country
8.1 Latin America Forklift Trucks Historic Market Size by Country
8.1.1 Latin America Forklift Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Forklift Trucks Sales in Volume by Country (2018-2023)
8.1.3 Latin America Forklift Trucks Sales in Value by Country (2018-2023)
8.2 Latin America Forklift Trucks Forecasted Market Size by Country
8.2.1 Latin America Forklift Trucks Sales in Volume by Country (2024-2029)
8.2.2 Latin America Forklift Trucks Sales in Value by Country (2024-2029)
9 Middle East and Africa Forklift Trucks by Country
9.1 Middle East and Africa Forklift Trucks Historic Market Size by Country
9.1.1 Middle East and Africa Forklift Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Forklift Trucks Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Forklift Trucks Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Forklift Trucks Forecasted Market Size by Country
9.2.1 Middle East and Africa Forklift Trucks Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Forklift Trucks Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Toyota
10.1.1 Toyota Company Information
10.1.2 Toyota Introduction and Business Overview
10.1.3 Toyota Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Toyota Forklift Trucks Products Offered
10.1.5 Toyota Recent Development
10.2 Kion
10.2.1 Kion Company Information
10.2.2 Kion Introduction and Business Overview
10.2.3 Kion Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Kion Forklift Trucks Products Offered
10.2.5 Kion Recent Development
10.3 Jungheinrich
10.3.1 Jungheinrich Company Information
10.3.2 Jungheinrich Introduction and Business Overview
10.3.3 Jungheinrich Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Jungheinrich Forklift Trucks Products Offered
10.3.5 Jungheinrich Recent Development
10.4 Mitsubishi Logisnext
10.4.1 Mitsubishi Logisnext Company Information
10.4.2 Mitsubishi Logisnext Introduction and Business Overview
10.4.3 Mitsubishi Logisnext Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Logisnext Forklift Trucks Products Offered
10.4.5 Mitsubishi Logisnext Recent Development
10.5 Crown Equipment
10.5.1 Crown Equipment Company Information
10.5.2 Crown Equipment Introduction and Business Overview
10.5.3 Crown Equipment Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Crown Equipment Forklift Trucks Products Offered
10.5.5 Crown Equipment Recent Development
10.6 Hyster-Yale
10.6.1 Hyster-Yale Company Information
10.6.2 Hyster-Yale Introduction and Business Overview
10.6.3 Hyster-Yale Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hyster-Yale Forklift Trucks Products Offered
10.6.5 Hyster-Yale Recent Development
10.7 Anhui Heli
10.7.1 Anhui Heli Company Information
10.7.2 Anhui Heli Introduction and Business Overview
10.7.3 Anhui Heli Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Anhui Heli Forklift Trucks Products Offered
10.7.5 Anhui Heli Recent Development
10.8 Hangcha
10.8.1 Hangcha Company Information
10.8.2 Hangcha Introduction and Business Overview
10.8.3 Hangcha Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hangcha Forklift Trucks Products Offered
10.8.5 Hangcha Recent Development
10.9 Clark Material Handling
10.9.1 Clark Material Handling Company Information
10.9.2 Clark Material Handling Introduction and Business Overview
10.9.3 Clark Material Handling Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Clark Material Handling Forklift Trucks Products Offered
10.9.5 Clark Material Handling Recent Development
10.10 Doosan Corporation Industrial Vehicle
10.10.1 Doosan Corporation Industrial Vehicle Company Information
10.10.2 Doosan Corporation Industrial Vehicle Introduction and Business Overview
10.10.3 Doosan Corporation Industrial Vehicle Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Doosan Corporation Industrial Vehicle Forklift Trucks Products Offered
10.10.5 Doosan Corporation Industrial Vehicle Recent Development
10.11 Komatsu
10.11.1 Komatsu Company Information
10.11.2 Komatsu Introduction and Business Overview
10.11.3 Komatsu Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Komatsu Forklift Trucks Products Offered
10.11.5 Komatsu Recent Development
10.12 Lonking
10.12.1 Lonking Company Information
10.12.2 Lonking Introduction and Business Overview
10.12.3 Lonking Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Lonking Forklift Trucks Products Offered
10.12.5 Lonking Recent Development
10.13 Hyundai Heavy Industries
10.13.1 Hyundai Heavy Industries Company Information
10.13.2 Hyundai Heavy Industries Introduction and Business Overview
10.13.3 Hyundai Heavy Industries Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Hyundai Heavy Industries Forklift Trucks Products Offered
10.13.5 Hyundai Heavy Industries Recent Development
10.14 EP Equipment
10.14.1 EP Equipment Company Information
10.14.2 EP Equipment Introduction and Business Overview
10.14.3 EP Equipment Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.14.4 EP Equipment Forklift Trucks Products Offered
10.14.5 EP Equipment Recent Development
10.15 Manitou
10.15.1 Manitou Company Information
10.15.2 Manitou Introduction and Business Overview
10.15.3 Manitou Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Manitou Forklift Trucks Products Offered
10.15.5 Manitou Recent Development
10.16 Paletrans Equipment
10.16.1 Paletrans Equipment Company Information
10.16.2 Paletrans Equipment Introduction and Business Overview
10.16.3 Paletrans Equipment Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Paletrans Equipment Forklift Trucks Products Offered
10.16.5 Paletrans Equipment Recent Development
10.17 Combilift
10.17.1 Combilift Company Information
10.17.2 Combilift Introduction and Business Overview
10.17.3 Combilift Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Combilift Forklift Trucks Products Offered
10.17.5 Combilift Recent Development
10.18 Hubtex Maschinenbau
10.18.1 Hubtex Maschinenbau Company Information
10.18.2 Hubtex Maschinenbau Introduction and Business Overview
10.18.3 Hubtex Maschinenbau Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Hubtex Maschinenbau Forklift Trucks Products Offered
10.18.5 Hubtex Maschinenbau Recent Development
10.19 Godrej & Boyce
10.19.1 Godrej & Boyce Company Information
10.19.2 Godrej & Boyce Introduction and Business Overview
10.19.3 Godrej & Boyce Forklift Trucks Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Godrej & Boyce Forklift Trucks Products Offered
10.19.5 Godrej & Boyce Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Forklift Trucks Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Forklift Trucks Industrial Chain Analysis
11.4 Forklift Trucks Market Dynamics
11.4.1 Forklift Trucks Industry Trends
11.4.2 Forklift Trucks Market Drivers
11.4.3 Forklift Trucks Market Challenges
11.4.4 Forklift Trucks Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Forklift Trucks Distributors
12.3 Forklift Trucks Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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