Forklifts Lift Trucks Market

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.

Forklifts Lift Trucks Market mainly focuses on the new forklift trucks equipment, instead of service, rental, etc.

Forklifts Lift Trucks Market contains market size and forecasts of Forklifts & Lift Trucks in global, including the following market information:

Global Forklifts & Lift Trucks Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Forklifts & Lift Trucks Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Forklifts & Lift Trucks companies in 2021 (%)

The global Forklifts & Lift Trucks market was valued at 24600 million in 2021 and is projected to reach US$ 31040 million by 2028, at a CAGR of 3.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Class 1 Forklift Trucks Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Forklifts & Lift Trucks include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha and Clark Material Handling, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Forklifts & Lift Trucks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Forklifts & Lift Trucks Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Forklifts & Lift Trucks Market Segment Percentages, by Type, 2021 (%)

Class 1 Forklift Trucks

Class 2 Forklift Trucks

Class 3 Forklift Trucks

Class 4/5 Forklift Trucks

Global Forklifts & Lift Trucks Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Forklifts & Lift Trucks Market Segment Percentages, by Application, 2021 (%)

Warehouses

Factories

Distribution Centers

Airports

Others

Global Forklifts & Lift Trucks Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Forklifts & Lift Trucks Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Forklifts & Lift Trucks revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Forklifts & Lift Trucks revenues share in global market, 2021 (%)

Key companies Forklifts & Lift Trucks sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Forklifts & Lift Trucks sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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