Global Forklift Market Growth, Share, Size, Trends and Forecast (2022 - 2028)

Segmented by Product;

Counterbalance and Warehouse.

Segmented by Fuel Type;

Diesel, Battery-electric and Gasoline & LPG/CNG.

Segmented by Class;

Class I, Class II, Class III, Class IV and Class V.

Segmented by End-Use;

Chemical, Food & beverage, Industrial, Logistics, Retail & E-commerce and Others.

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2018 - 2028).
Report ID: Rn979095558 Published Date: July, 2022 Updated Date: August, 2022

Introduction

Global Forklift Market (USD Million), 2018 - 2028

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
# Global Market (USD Million), 2018 - 2028
2018 106.3
2019 125.8
2020 140.9
2021 148.8
2022 156.6
2023 167.9
2024 194.8
2025 229.3
2026 256.2
2027 305.8
2028 314.0

In the year 2021, the Global Forklift Market was valued at USD 54,600.00 million. The size of this market is expected to increase to USD 121,459.62 million by the year 2028, while growing at a Compounded Annual Growth Rate (CAGR) of 12.1%.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Fuel Type
    3. Market Snapshot, By Class
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
    6. Market Opportunity Map
  4. Global Forklift Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising expansion of e-commerce and logistics industries globally
        2. Stringent emission norms are driving the demand for electric forklifts
        3. Need for automation for enhancing productivity
        4. Improving industrial sector in South America
        5. Demand for forklifts from aviation industry in MEA
      2. Restraints
        1. High cost of fuel cell and battery-operated forklifts
        2. Lack of trained operators
        3. Stringent emission and safety regulations
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Forklift Market, By Product, 2020 - 2030 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2022 and 2028 (%)
      3. Y-o-Y Growth Analysis, 2019 - 2028
      4. Segment Trends
        1. Counterbalance
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        2. Warehouse
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
    2. Global Forklift Market, By Fuel Type, 2020 - 2030 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2022 and 2028 (%)
      3. Y-o-Y Growth Analysis, 2019 - 2028
      4. Segment Trends
        1. Diesel
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        2. Battery-electric
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        3. Gasoline & LPG/CNG
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
    3. Global Forklift Market, By Class, 2020 - 2030 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2022 and 2028 (%)
      3. Y-o-Y Growth Analysis, 2019 - 2028
      4. Segment Trends
        1. Class I
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        2. Class II
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        3. Class III
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        4. Class IV
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        5. Class V
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
    4. Global Forklift Market, By End-Use, 2020 - 2030 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2022 and 2028 (%)
      3. Y-o-Y Growth Analysis, 2019 - 2028
      4. Segment Trends
        1. Chemical
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        2. Food & beverage
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        3. Industrial
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        4. Logistics
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        5. Retail & E-commerce
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
        6. Others
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2018 - 2028 (USD Million)
    5. Global Forklift Market, By Geography, 2020 - 2030 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2022 and 2028 (%)
      3. Y-o-Y Growth Analysis, 2019 - 2028
      4. Regional Trends
        1. North America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            1. United States
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            2. Canada
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
        2. Europe
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            1. Germany
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            2. United Kingdom
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            3. France
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            4. Italy
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            5. Spain
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            6. Rest of Europe
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
        3. Asia Pacific
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            1. Japan
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            2. China
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            3. India
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            4. Australia & New Zealand
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            5. South Korea
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            6. ASEAN (Association of South East Asian Countries)
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            7. Rest of Asia Pacific
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
        4. Middle East & Africa
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            1. GCC
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            2. Israel
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            3. South Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            4. Rest of Middle East & Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
        5. Latin America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            1. Brazil
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            2. Mexico
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            3. Argentina
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
            4. Rest of Latin America
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2018 - 2028 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2018 - 2028 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Class, 2018 - 2028 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By End-Use, 2018 - 2028 (USD Million)
  6. Competitive Landscape
    1. Heat Map Analysis
    2. Company Profiles
      1. Toyota Industries Corporation,
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      2. Hyster-Yale Materials Handling, Inc.,
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      3. Crown Equipment Corporation
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      4. KION Group AG,
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      5. Hangcha Group Co., Ltd.,
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      6. Jungheinrich AG
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      7. Komatsu Ltd.,
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      8. Mitsubishi Logisnext Co., Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      9. Anhui Heli Co., Ltd.,
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      10. Doosan Industrial Vehicle,
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market

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