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Global Forklift Trucks Market 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of forklifts
  • Market landscape
    • Global forklift trucks market
      • Table Global forklift trucks market 2016-2021 ($ billions)
      • Table Usage of forklift trucks in various industries
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type of forklifts
    • Global forklifts trucks market by the type of forklifts
      • Table Global forklifts truck market by the type of forklifts
      • Table Global forklift trucks market share by the type of forklifts 2016-2021 (% revenue)
    • Global forklifts truck market by counterbalance forklifts
      • Table Global forklifts truck market by counterbalance forklifts 2016-2021 ($ billions)
      • Table Types of counterbalance forklifts
    • Global forklift trucks market by warehouse forklifts
      • Table Global forklift trucks market by warehouse forklifts 2016-2021 ($ billions)
      • Table Types of warehouse forklifts
    • Global forklifts truck market by geography
      • Table Global forklifts truck market by geography 2016-2021 (% revenue)
      • Table Global forklift trucks market year-over-year growth 2016-2021 (% revenue)
    • Forklifts truck market in APAC
      • Table Forklifts truck market in APAC 2016-2021 ($ billions)
      • Table Types of forklifts used in APAC
    • Forklift trucks market in EMEA
      • Table Forklift trucks market in EMEA 2016-2021 ($ billions)
      • Table Retail industry in Europe 2016-2021 ($ trillions)
    • Forklift trucks market in the Americas
      • Table Forklift trucks market in the Americas 2016-2021 ($ billions)
      • Table Common forklifts used in North America
      • Table E-commerce market in the US 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global e-commerce growth rate 2016-2021 ($ trillions)
      • Table Global construction activity 2016-2021 ($ trillions)
      • Table Construction industry forklifts
      • Table GDP annual growth rate of leading countries in APAC in comparison to global data 2010-2015
    • Market challenges
      • Table Global fuel costs 2016-2021 ($/bbl)
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Key performing indicators of vendors
    • Toyota Industries
    • Jungheinrich Group
      • Table Business segment of Jungheinrich Group
    • KION Group
    • Hyster-Yale Material Handling
      • Table Business segment of Hyster-Yale Material Handling
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Forklift Trucks Market 2017-2021

About Forklift Trucks

A forklift truck, also known as a fork truck, lift truck, or forklift, is used to lift and move materials within a warehouse or during loading and unloading of goods. Forklift trucks form an essential part of warehouse operations. They can lift materials weighing up to 48 tons and measuring up to 670 inches in height. The global forklift trucks market is highly dependent on the warehousing industry.

Technavio’s analysts forecast the global forklift trucks market to grow at a CAGR of 7.01% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global Forklift Trucks market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of forklift trucks.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Forklift Trucks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Toyota Industries
  • Jungheinrich Group
  • KION Group
  • Hyster-Yale Material Handling
Other prominent vendors
  • Anhui Forklift Group Co., Ltd.
  • CLARK
  • Combilift
  • Crown Equipment
  • Doosan Industrial Vehicles
  • Godrej & Boyce
  • Hangcha Group
  • HUBTEX Maschinenbau
  • HYTSU Group
  • Hyundai Heavy Industries
  • Komatsu
  • Maximal
  • Mitsubishi Caterpillar Forklift America
  • Nippon Yusoki
  • Paletrans Equipamentos
  • Tailift Group
  • UniCarriers
Market driver
  • Growth in the global e-commerce sector
  • For a full, detailed list, view our report
Market challenge
  • High initial investment and maintenance cost
  • For a full, detailed list, view our report
Market trend
  • Integration of intelligent forklifts
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Forklift Trucks Market 2017-2021

Technavio recognizes the following companies as the key players in the global forklift trucks market: Toyota Industries, Jungheinrich Group, KION Group, and Hyster-Yale Material Handling.

Other Prominent Vendors in the market are: Anhui Forklift Group Co., Ltd., CLARK, Combilift, Crown Equipment, Doosan Industrial Vehicles, Godrej & Boyce, Hangcha Group, HUBTEX Maschinenbau, HYTSU Group, Hyundai Heavy Industries, Komatsu, Maximal, Mitsubishi Caterpillar Forklift America, Nippon Yusoki, Paletrans Equipamentos, Tailift Group, and UniCarriers.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is integration of intelligent forklifts. Forklifts were primarily used in companies for manual operations and for movement of materials and products in factory facilities and distribution centers. However, with the advancement in technology, forklifts are optimized and integrated with sensor-enabled and other types of intelligent equipment.”

According to the report, one of the major drivers for this market is growth in the global e-commerce sector. The global e-commerce market is expected to have a steady growth, posting an impressive CAGR of more than 12.66% by 2020. One of the major factors that contribute to the growth of the e-commerce market is the diverse portfolio in various product segments, such as electronic gadgets, apparels, books, and cosmetics. These categories in the e-commerce websites are regularly updated with latest offerings that not only attracts new customers but also retains customer loyalty.

Further, the report states that one of the major factors hindering the growth of this market is high initial investment and maintenance cost. Material handling equipment requires constant technical support and maintenance for smooth and effective operations. Maintenance cost of industrial trucks such as pallet trucks and forklifts can be particularly high in the manufacturing and construction sectors as they are exposed to continuous hazardous conditions that accelerate wear and tear and can lead to severe damages. This has led to many end-users in emerging markets to resist the use of forklift trucks.

Toyota Industries, Jungheinrich Group, KION Group, Hyster-Yale Material Handling, Anhui Forklift Group Co., Ltd., CLARK, Combilift, Crown Equipment, Doosan Industrial Vehicles, Godrej & Boyce, Hangcha Group, HUBTEX Maschinenbau, HYTSU Group, Hyundai Heavy Industries, Komatsu, Maximal, Mitsubishi Caterpillar Forklift America, Nippon Yusoki, Paletrans Equipamentos, Tailift Group, and UniCarriers.

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