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Forklift Trucks Market Research Report: By Technology (Electric Powered and Internal Combustion Engine Powered), By Load Capacity (Below 5 Tons and Above 5 Tons), By Application (Manufacturing, Logistics, Retails & Wholesale, and Others), By Regional (Nor

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from $4,950 145 Pages Market Research Future March, 2025 RESFT19991497
Best Price Guarantee
Price from $4,950
Length 145 Pages
Publisher Market Research Future
Published Date March, 2025
SKU RESFT19991497

The forklift trucks market is expected to increase significantly during the research period, with a CAGR of 7.0%. The market was anticipated to be worth USD 85,283.4 million in 2024 and would grow to USD 1,76,863.6 million by the end of the forecast period.

The global forklift truck market is steadily expanding, driven by rising demand for effective material handling solutions in warehouses, logistics hubs, and industrial facilities. Forklift operations are being transformed by technological breakthroughs like as automation, electrification, and IoT integration, which improve safety, productivity, and sustainability. The transition to e-commerce and just-in-time inventory systems is boosting adoption, especially in developed economies.

The growing emphasis on sustainability and cost effectiveness is driving demand for electric forklifts, which have lower emissions, lower operating costs, and comply with severe environmental standards. Lithium-ion battery technology is gaining favor because it charges faster and lasts longer than traditional lead-acid batteries. Smart fleet management solutions that use AI and telematics increase predictive maintenance and real-time monitoring, reducing downtime and increasing warehouse efficiency.

Marketing Segmentation
Based on technology, the global forklift truck market is divided into two categories: electric powered and internal combustion engine powered.
The global forklift truck market is divided into two categories based on capacity: below 5 tons and more than 5 tons.
The global forklift truck market is divided into four segments based on application: manufacturing, logistics, retail and wholesale, and other.

Regional insights
The North American forklift truck industry is expanding rapidly, owing to rising e-commerce, warehouse automation, and industrial production operations. The region's emphasis on effective logistics and supply chain management has resulted in increased demand for forklifts at distribution centers, retail warehouses, and construction sites.

The forklift truck industry in Europe is expanding rapidly, driven by increased industrial automation, a strong emphasis on sustainability, and the expansion of e-commerce and logistics networks. The region's tough pollution regulations have pushed the move to electric and hydrogen fuel cell-powered forklifts, with major industries such as automotive, retail, and manufacturing implementing cleaner and more efficient material handling solutions.

The Asia-Pacific forklift truck market is rapidly expanding, fueled by industrialization, urbanization, and a thriving e-commerce industry. The area is home to some of the world's largest industrial and logistics hubs, including China, Japan, and India, making it an important contributor to the worldwide forklift market.

Key Players
Major players in the forklift sector include Toyota Material Handling, Jungheinrich AG, KION Group, Komastu Ltd., Hyster-Yale Materials Handling, and Mitsubishi Logisnext.


1 Executive’s Handbook
2 Market Introduction
2.1 Definition
2.2 Report Segmentation & Scope
2.3 Market Structure
3 Research Methodology
3.1 Overview 25
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.5.3 Primary Research: Regional Coverage
3.6 Approaches For Market Size Estimation:
3.6.1 Consumption & Net Trade Approach
3.6.2 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Growth Parameters Mapped – Drivers
4.2.1 Rising E-commerce & Warehousing Expansion Driving The Forklift Trucks Market
4.2.2 Growth In Manufacturing & Construction Sectors Driving The Forklift Trucks Market
4.2.3 Labor Shortages & Automation Trends Driving The Forklift Truck Market
4.3 What Are The Challenges Faced By Industry Participants?
4.3.1 High Initial Investment Costs As A Restraint In The Forklift Truck Market
4.3.2 Maintenance & Downtime Costs Hindering The Forklift Truck Market
4.4 Opportunities
4.4.1 Emergence Of Ai-powered Autonomous Forklift Trucks Presents Significant Growth Opportunities
4.5 Impact Analysis Of Covid-19
4.5.1 Impact 0n The Overall Construction Industry
4.5.1.1 Impact On Global Forklift Trucks Market
4.5.2 Impact On Supply Chain Of Forklift Trucks
4.5.3 Impact On Market Demand Of Forklift Trucks
5 Market Factor Analysis
5.1 Supply/Value Chain Analysis
5.1.1 Participants (At Different Nodes)
5.1.1.1 Raw Material Suppliers
5.1.1.2 Manufacturers
5.1.1.3 Distribution Channel
5.1.1.4 End-user
5.1.2 Integration Levels
5.1.3 Key Issues Addressed (Key Success Factors)
5.2 Porter’s Five Forces Model
5.2.1 Bargaining Power Of Suppliers
5.2.2 Bargaining Power Of Buyers
5.2.3 Threat Of New Entrants
5.2.4 Threat Of Substitute
5.2.5 Intensity Of Rivalry
6 Global Forklift Trucks Market, By Technology
6.1 Introduction
6.2 Electric Powered
6.3 Internal Combustion Engine (Ice) Powered
7 Global Forklift Trucks Market, By Capacity
7.1 Introduction
7.2 Below 5 Tons
7.3 Above 5 Tons
8 Global Forklift Trucks Market, By Application
8.1 Introduction
8.2 Manufacturing
8.3 Logistics
8.4 Retail & Wholesale
8.5 Others 63
9 Global Forklift Trucks Market, By Region
9.1 Overview 64
9.2 North America
9.2.1 U.S
9.2.2 Canada
9.3 Europe 70
9.3.1 Germany
9.3.2 U.K
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Rest Of Europe
9.4 Asia-pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia
9.4.5 South Korea
9.4.6 Rest Of Asia-pacific
9.5 Rest Of The World
9.5.1 Middle East
9.5.2 Africa
9.5.3 Latin America
10 Company Profiles
10.1 Introduction
10.2 Company Market Share Analysis, 2023
10.2.1 Forklift Trucks Market Share Analysis
10.3 Competitive Benchmarking
10.4 Leading Players In Terms Of The Number Of Developments In The Forklift Trucks Market
10.5 Key Developments & Growth Strategies
10.5.1 New Product Launch
10.5.2 Business Expansion
11 Company Profiles
11.1 Toyota Industries Corporation
11.1.1 Company Overview
11.1.2 Financial Overview Toyota Industries Corporation : Financial Overview Snapshot
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 Swot Analysis
11.1.6 Key Strategy
11.1.6.1 Business Strategies
11.1.6.1.1 Product Strategy
11.1.6.2 Corporate Strategies
11.1.6.3 Overall Strategy
11.2 Komatsu Ltd.
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
11.2.4 Key Developments
11.2.5 Swot Analysis
11.2.6 Key Strategy
11.2.6.1 Business Strategies
11.2.6.1.1 Product Strategy
11.2.6.2 Corporate Strategies
11.2.6.3 Overall Strategy
11.3 Kion Group Ag
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 Swot Analysis
11.3.6 Key Strategy
11.3.6.1 Business Strategies
11.3.6.1.1 Product Strategy
11.3.6.2 Corporate Strategies
11.3.6.3 Overall Strategy
11.4 Jungheinrich Group
11.4.1 Company Overview
11.4.2 Products Offered
11.4.3 Key Developments
11.4.4 Key Developments
11.4.5 Swot Analysis
11.4.6 Key Strategy
11.4.6.1 Business Strategies
11.4.6.1.1 Product Strategy
11.4.6.2 Corporate Strategies
11.4.6.3 Overall Strategy
11.5 Hyster-yale Material Handling Inc.
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offered
11.5.4 Key Developments
11.5.5 Swot Analysis
11.5.6 Key Strategy
11.5.6.1 Business Strategies
11.5.6.1.1 Product Strategy
11.5.6.2 Corporate Strategies
11.5.6.3 Overall Strategy
11.6 Mitsubishi Heavy Industries, Ltd.
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 Swot Analysis
11.6.6 Key Strategy
11.6.6.1 Business Strategy
11.6.6.1.1 Product Strategy
11.6.6.2 Corporate Strategies
11.6.6.3 Overall Strategy
11.7 The Raymond Corporation
11.7.1 Company Overview
11.7.2 Products Offered
11.7.3 Key Developments
11.7.4 Swot Analysis
11.7.5 Key Strategy
11.7.5.1 Business Strategy
11.7.5.1.1 Product Strategy
11.7.5.2 Corporate Strategies
11.7.5.3 Overall Strategy
11.8 Crown Equipment Corporation
11.8.1 Company Overview
11.8.2 Products Offered
11.8.3 Key Developments
11.8.4 Swot Analysis
11.8.5 Key Strategy
11.8.5.1 Business Strategy
11.8.5.1.1 Product Strategy
11.8.5.2 Corporate Strategies
11.8.5.3 Overall Strategy
11.9 Anhui Heli Co. Ltd.
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offered
11.9.4 Key Developments
11.9.5 Swot Analysis
11.9.6 Key Strategy
11.9.6.1 Business Strategy
11.9.6.1.1 Product Strategy
11.9.6.2 Corporate Strategies
11.9.6.3 Overall Strategy
11.10 Kalmar Corporation
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offered
11.10.4 Key Developments
11.10.5 Swot Analysis
11.10.6 Key Strategy
11.10.6.1 Business Strategy
11.10.6.1.1 Product Strategy
11.10.6.2 Key Strategy
11.10.6.3 Overall Strategy
Lisgt Of Tables
Table 1 Qfd Modeling For Market Share Assessment 38
Table 2 Global Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 57
Table 3 Global Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 59
Table 4 Global Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 61
Table 5 Global Forklift Trucks Market, By Region, 2019-2035 (Usd Million) 65
Table 6 North America: Forklift Trucks Market, By Country, 2019-2035 (Usd Million) 67
Table 7 North America Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 67
Table 8 North America Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 67
Table 9 North America Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 67
Table 10 U.S. Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 68
Table 11 U.S. Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 68
Table 12 U.S. Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 68
Table 13 Canada Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 69
Table 14 Canada Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 69
Table 15 Canada Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 69
Table 16 Europe: Forklift Trucks Market, By Country, 2019-2032 (Usd Million) 72
Table 17 Europe Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 72
Table 18 Europe Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 72
Table 19 Europe Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 72
Table 20 Germany Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 73
Table 21 Germany Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 73
Table 22 Germany Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 73
Table 23 U.K Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 74
Table 24 U.K Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million)
Table 25 U.K Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 74
Table 26 France Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 75
Table 27 France Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 75
Table 28 France Forklift Trucks Market, By Application, 2019- 2035 (Usd Million) 75
Table 29 Spain Forklift Trucks Market, By Technology, 2019- 2035 (Usd Million) 76
Table 30 Spain Forklift Trucks Market, By Capacity, 2019- 2035 (Usd Million) 76
List Of Figures
Figure 1 Global Forklift Trucks Market: Structure 24
Figure 2 Global Forklift Trucks Market: Market Growth Factor Analysis (2022-2032) 42
Figure 3 Driver Impact Analysis (2023-2032) 46
Figure 4 Restraint Impact Analysis (2022-2032) 48
Figure 5 Supply/Value Chain Analysis: Global Forklift Trucks Market 53
Figure 6 Porter’s Five Forces Model: Global Forklift Trucks Market 55
Figure 7 Global Forklift Trucks Market, By Technology, Segment Attractiveness Analysis 57
Figure 8 Global Forklift Trucks Market, By Capacity, Segment Attractiveness Analysis 59
Figure 9 Global Forklift Trucks Market, By Application, Segment Attractiveness Analysis 61
Figure 10 Global Forklift Trucks Market, By Region, 2024 (% Share) 65
Figure 11 North America: Forklift Trucks Market Share, By Country, 2024 (% Share) 66
Figure 12 Europe: Forklift Trucks Market Share, By Country, 2024 (% Share) 71
Figure 13 Asia Pacific: Forklift Trucks Market Share, By Country, 2024 (% Share) 80
Figure 14 Rest Of The World: Gas Struts Market Share, By Country, 2024 (% Share) 89
Figure 15 Forklift Trucks Market Share Analysis, 2024 (%) 94
Figure 16 Benchmarking Of Major Competitors 95
Figure 17 Toyota Industries Corporation .: Swot Analysis 103
Figure 18 Komatsu Ltd.: Financial Overview Snapshot 107
Figure 19 Komatsu Ltd.: Swot Analysis 109
Figure 20 Kion Group Ag : Financial Overview Snapshot 112
Figure 21 Kion Group Ag: Swot Analysis 113
Figure 22 Jungheinrich Group: Financial Overview Snapshot 116
Figure 23 Jungheinrich Group: Swot Analysis 117
Figure 24 Hyster-yale Material Handling Inc.: Financial Overview Snapshot
Figure 25 Hyster-yale Material Handling Inc.: Swot Analysis 122
Figure 26 Mitsubishi Heavy Industries, Ltd.: Financial Overview Snapshot 125
Figure 27 Mitsubishi Heavy Industries, Ltd.: Swot Analysis 127
Figure 28 The Raymond Corporation: Swot Analysis 130
Figure 29 Crown Equipment Corporation: Swot Analysis 134
Figure 30 Anhui Heli Co. Ltd.: Swot Analysis 138
Figure 31 Kalmar Corporation: Financial Overview Snapshot 141
Figure 32 Kalmar Corporation: Swot Analysis

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