Forklift Truck Market By Power Source, By Class, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market

CHAPTER 4: FORKLIFT TRUCK MARKET, BY POWER SOURCE
4.1 Overview
4.1.1 Market size and forecast
4.2 IC Engine Powered
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Electric Powered
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: FORKLIFT TRUCK MARKET, BY CLASS
5.1 Overview
5.1.1 Market size and forecast
5.2 Class 1
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Class 2
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Class 3
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Class 4
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Class 5
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country

CHAPTER 6: FORKLIFT TRUCK MARKET, BY END USE
6.1 Overview
6.1.1 Market size and forecast
6.2 Retail & Wholesale
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Logistics
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Automotive
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Food Industry
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country

CHAPTER 7: FORKLIFT TRUCK MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Power Source
7.2.3 North America Market size and forecast, by Class
7.2.4 North America Market size and forecast, by End Use
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Power Source
7.2.5.1.2 Market size and forecast, by Class
7.2.5.1.3 Market size and forecast, by End Use
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Power Source
7.2.5.2.2 Market size and forecast, by Class
7.2.5.2.3 Market size and forecast, by End Use
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Power Source
7.2.5.3.2 Market size and forecast, by Class
7.2.5.3.3 Market size and forecast, by End Use
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Power Source
7.3.3 Europe Market size and forecast, by Class
7.3.4 Europe Market size and forecast, by End Use
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Power Source
7.3.5.1.2 Market size and forecast, by Class
7.3.5.1.3 Market size and forecast, by End Use
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Power Source
7.3.5.2.2 Market size and forecast, by Class
7.3.5.2.3 Market size and forecast, by End Use
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Power Source
7.3.5.3.2 Market size and forecast, by Class
7.3.5.3.3 Market size and forecast, by End Use
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Power Source
7.3.5.4.2 Market size and forecast, by Class
7.3.5.4.3 Market size and forecast, by End Use
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Power Source
7.3.5.5.2 Market size and forecast, by Class
7.3.5.5.3 Market size and forecast, by End Use
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Power Source
7.4.3 Asia-Pacific Market size and forecast, by Class
7.4.4 Asia-Pacific Market size and forecast, by End Use
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Power Source
7.4.5.1.2 Market size and forecast, by Class
7.4.5.1.3 Market size and forecast, by End Use
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Power Source
7.4.5.2.2 Market size and forecast, by Class
7.4.5.2.3 Market size and forecast, by End Use
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Power Source
7.4.5.3.2 Market size and forecast, by Class
7.4.5.3.3 Market size and forecast, by End Use
7.4.5.4 Malaysia
7.4.5.4.1 Market size and forecast, by Power Source
7.4.5.4.2 Market size and forecast, by Class
7.4.5.4.3 Market size and forecast, by End Use
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Power Source
7.4.5.5.2 Market size and forecast, by Class
7.4.5.5.3 Market size and forecast, by End Use
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Power Source
7.5.3 LAMEA Market size and forecast, by Class
7.5.4 LAMEA Market size and forecast, by End Use
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Power Source
7.5.5.1.2 Market size and forecast, by Class
7.5.5.1.3 Market size and forecast, by End Use
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Power Source
7.5.5.2.2 Market size and forecast, by Class
7.5.5.2.3 Market size and forecast, by End Use
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Power Source
7.5.5.3.2 Market size and forecast, by Class
7.5.5.3.3 Market size and forecast, by End Use

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Crown Equipment Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 EP Equipment
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Hangcha Group Co Ltd
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Hyster Yale Material Handling Inc
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Jungheinrich AG
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Kion Group AG
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Komatsu Ltd
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Lonking Holdings Limited
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Mitsubishi Logisnext Co Ltd
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Toyota Industries Corporation
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

List of Tables
Table 332. Australia Fullerenes Global Carbon Nano Materials Market, by Shape, 2021-2031 (Tons)

List of Figures
Figure 1. Forklift Truck Market Segmentation
Figure 2. Forklift Truck Market,2021-2031
Figure 3. Forklift Truck Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Forklift Truck Market:Drivers, Restraints and Opportunities
Figure 12. Forklift Truck Market,By Power Source,2021(%)
Figure 13. Comparative Share Analysis of Ic Engine Powered Forklift Truck Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Electric Powered Forklift Truck Market,2021-2031(%)
Figure 15. Forklift Truck Market,By Class,2021(%)
Figure 16. Comparative Share Analysis of Class 1 Forklift Truck Market,2021-2031(%)
Figure 17. Comparative Share Analysis of Class 2 Forklift Truck Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Class 3 Forklift Truck Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Class 4 Forklift Truck Market,2021-2031(%)
Figure 20. Comparative Share Analysis of Class 5 Forklift Truck Market,2021-2031(%)
Figure 21. Comparative Share Analysis of Others Forklift Truck Market,2021-2031(%)
Figure 22. Forklift Truck Market,By End Use,2021(%)
Figure 23. Comparative Share Analysis of Retail & Wholesale Forklift Truck Market,2021-2031(%)
Figure 24. Comparative Share Analysis of Logistics Forklift Truck Market,2021-2031(%)
Figure 25. Comparative Share Analysis of Automotive Forklift Truck Market,2021-2031(%)
Figure 26. Comparative Share Analysis of Food Industry Forklift Truck Market,2021-2031(%)
Figure 27. Comparative Share Analysis of Others Forklift Truck Market,2021-2031(%)
Figure 28. Forklift Truck Market by Region,2021
Figure 29. U.S. Forklift Truck Market,2021-2031($Million)
Figure 30. Canada Forklift Truck Market,2021-2031($Million)
Figure 31. Mexico Forklift Truck Market,2021-2031($Million)
Figure 32. Uk Forklift Truck Market,2021-2031($Million)
Figure 33. Germany Forklift Truck Market,2021-2031($Million)
Figure 34. France Forklift Truck Market,2021-2031($Million)
Figure 35. Italy Forklift Truck Market,2021-2031($Million)
Figure 36. Rest of Europe Forklift Truck Market,2021-2031($Million)
Figure 37. China Forklift Truck Market,2021-2031($Million)
Figure 38. Japan Forklift Truck Market,2021-2031($Million)
Figure 39. Australia Forklift Truck Market,2021-2031($Million)
Figure 40. Malaysia Forklift Truck Market,2021-2031($Million)
Figure 41. Rest of Asia-Pacific Forklift Truck Market,2021-2031($Million)
Figure 42. Latin America Forklift Truck Market,2021-2031($Million)
Figure 43. Middle East Forklift Truck Market,2021-2031($Million)
Figure 44. Africa Forklift Truck Market,2021-2031($Million)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Crown Equipment Corporation.: Net Sales ,($Million)
Figure 52. Ep Equipment.: Net Sales ,($Million)
Figure 53. Hangcha Group Co Ltd.: Net Sales ,($Million)
Figure 54. Hyster Yale Material Handling Inc.: Net Sales ,($Million)
Figure 55. Jungheinrich AG.: Net Sales ,($Million)
Figure 56. Kion Group AG.: Net Sales ,($Million)
Figure 57. Komatsu Ltd.: Net Sales ,($Million)
Figure 58. Lonking Holdings Limited.: Net Sales ,($Million)
Figure 59. Mitsubishi Logisnext Co Ltd.: Net Sales ,($Million)
Figure 60. Toyota Industries Corporation.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Forklift Truck Market," the forklift truck market was valued at $51.6 billion in 2021, and is estimated to reach $103.9 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031.

North America was the highest revenue contributor. The U.S. dominated the global forklift truck market share in North America in 2021, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making advanced, reliable, and efficient forklift trucks. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in procurement and development of advanced forklift truck systems across several Asian nations, for instance, China, India, Japan, and South Korea.

By power source, the forklift truck market has been categorized into IC engine-powered and electric-powered. The IC engine-powered segment accounted for the highest revenue in 2021, owing to high demand for forklift trucks that are driven by an IC engine globally.

On the basis of class, the forklift truck market is bifurcated into class 1, class 2, class 3, class 4, class 5, and others. The Class 4 segment garnered the highest revenue in 2021, owing to their capability to run on diesel fuel, LP gas, gasoline, or compressed natural gas, along with the superior operability.

On the basis of end use, the forklift truck market is bifurcated into retail & wholesale, logistics, automotive, food industry, and others. The retail & wholesale segment garnered the highest revenue in 2021, owing to large scale usage of forklift trucks in the logistics industry globally.

COVID-19 Impact Analysis

• The COVID-19 impact on the forklift truck market is unpredictable, and is expected to remain in force for a few years.
• The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw material and parts for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing forklift trucks.
• Moreover, nationwide lockdown forced forklift truck system manufacturing facilities to partially or completely shut their operations.
• Adverse impacts of the COVID-19 pandemic resulted in delays in activities and initiatives regarding development of advanced forklift truck systems globally.

Key Findings of the Study

• By power source, the electric powered segment is expected to register a significant growth during the forecast period.
• On the basis of class, the others segment is anticipated to exhibit significant growth in future.
• According to end use, the automotive segment is projected to lead the global forklift truck market.
• Region wise, LAMEA is anticipated to register the highest CAGR during the forecast period.
• The key players profiled in this Forklift Truck market report include Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., and Toyota Industries Corporation.

Companies Mentioned

• Crown Equipment Corporation
• Ep Equipment
• Hangcha Group Co Ltd
• Hyster Yale Material Handling Inc
• Jungheinrich AG
• Kion Group AG
• Komatsu Ltd
• Lonking Holdings Limited
• Mitsubishi Logisnext Co Ltd
• Toyota Industries Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.