Forklift Trucks Market Report 2020: Share, Size, Trends and Forecast Till 2025

Global Forklift Trucks Market Research Report and Forecast 2025

Report Edition: 2020 © 2020 IMARC All Rights Reserved

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Global Forklift Trucks Market Overview: A forklift truck includes two horizontal prongs to load, unload, and transport goods over short distances. It is generally operated by a trained machinist and is powered by electric or combustion engines. Forklift truck comprises of a truck frame, counterweight, forklift, carriage, and hydraulic cylinder. These trucks are extensively used in warehouses, factories, and dockyards across various industries.

Forklift Trucks Market Trends The growing construction industry, along with rapid industrialization across the world, is driving the forklift trucks market. Forklift trucks are efficient in handling heavy construction materials, such as wood, steel, and mortar. Furthermore, growing warehouse establishments across both developed and developing economies are also propelling the market growth. Forklift trucks help in laying and retrieving loads from storage racks, delivering components to assembly lines, and positioning materials for effective handling in distribution centers and warehouses. The market is also catalyzed by the launch of various innovative trucks, such as fuel cell-powered forklift trucks for reducing carbon footprints and enhancing operational efficiency. Several technological advancements, along with robust R&D activities in the sector, are further anticipated to drive the forklift trucks market.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2012

2013

2014

2015

2016

2017

2018

2019

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2020

175.9

181.2

186.5

165.3

170.6

2021

2022

2023

2024

2025

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Forklift Trucks Market Segmentation: Breakup by Product Type: • •

Counterbalanced Forklift Trucks Warehouse Forklift Trucks

Breakup by Technology: • •

Electricity Powered Internal Combustion Engine Powered

Breakup by Class: • • • • •

Class I Class II Class III Class IV Class V

Report Description and Highlights

Report Description Breakup by Application: • • • • • • • •

Non-Industrial Warehouses and Distribution Centers Construction Sites Dockyards Snow Plows Industrial Manufacturing Recycling Operations

Breakup by Region: • • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

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For more information, click here: https://www.imarcgroup.com/forklift-trucks-market Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • •

Clark Material Handling Company Crown Equipment Corporation Godrej & Boyce Hyster-Yale Materials Handling Inc. Hyundai Heavy Industries Co. Ltd. Jungheinrich KION Group Mitsubishi Forklift Trucks Toyota Industries Corporation

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