Forklift Trucks Market Report: Impact of COVID-19, Future Growth Analysis and Challenges

Global Forklift Trucks Market Research Report and Forecast 2026

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REPORT OBJECTIVES & Highlight

Report Description According to IMARC Group’s latest report, titled “Forklift Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global forklift trucks market grew at a CAGR of 7% during 2014-2019 and reached a value of US$ 54.7 Billion in 2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.

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.

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.

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Report Description Forklift Trucks Market 2021-2026 Competitive Analysis and Segmentation: Competitive Landscape: The competitive landscape of the forklift trucks market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include: 

Clark Material Handling Company



Crown Equipment Corporation



Godrej & Boyce

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Hyster-Yale Materials Handling Inc.

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Hyundai Heavy Industries Co. Ltd



Jungheinrich

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KION Group

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Mitsubishi Forklift Trucks

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Toyota Industries Corporation

The report has segmented the global forklift trucks market on the basis of region, product type, technology, class and application.

Breakup by Product Type: 

Counterbalanced Forklift Trucks



Warehouse Forklift Trucks

Report Description Breakup by Technology: 

Electricity Powered



Internal Combustion Engine Powered

Breakup by Class: 

Class I



Class II



Class III



Class IV



Class V

Breakup by Application: 



Non-Industrial o

Warehouses and Distribution Centers

o

Construction Sites

o

Dockyards

o

Snow Plows

Industrial o

Manufacturing

o

Recycling Operations

Report Description Breakup by Region: 









North America o United States o Canada Asia Pacific o China o Japan o India o South Korea o Australia o Indonesia o Others Europe o Germany o France o United Kingdom o Italy o Spain o Russia o Others Latin America o Brazil o Mexico o Others Middle East and Africa

Report Description

Explore full report with table of contents: https://www.imarcgroup.com/forklift-trucks-market Key highlights of the report:  Market Performance (2015-2020) 

Market Outlook (2021-2026)



Market Trends



Market Drivers and Success Factors



The Impact of COVID-19 on the Global Market



Value Chain Analysis



Structure of the Global Market



Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports: https://www.imarcgroup.com/refinery-catalysts-market https://www.imarcgroup.com/fluorescent-situ-hybridization-probe-market

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Table of Contents

Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Forklift Trucks Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product Type 6.1 Counterbalanced Forklift Trucks 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Warehouse Forklift Trucks 6.2.1 Market Trends 6.2.2 Market Forecast

Table of Contents 7 Market Breakup by Technology 7.1 Electricity Powered 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Internal Combustion Engine Powered 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Class 8.1 Class I 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Class II 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Class III 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Class IV 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Class V 8.5.1 Market Trends 8.5.2 Market Forecast 9 Market Breakup by Application 9.1 Non-Industrial 9.1.1 Market Trends 9.1.2 Major Types 9.1.2.1 Warehouses and Distribution Centers 9.1.2.2 Construction Sites

Table of Contents 9.1.2.3 Dockyards 9.1.2.4 Snow Plows 9.1.3 Market Forecast 9.2 Industrial 9.2.1 Market Trends 9.2.2 Major Types 9.2.2.1 Manufacturing 9.2.2.2 Recycling Operations 9.2.3 Market Forecast 10 Market Breakup by Region 10.1 North America 10.1.1 United States 10.1.1.1 Market Trends 10.1.1.2 Market Forecast 10.1.2 Canada 10.1.2.1 Market Trends 10.1.2.2 Market Forecast 10.2 Asia Pacific 10.2.1 China 10.2.1.1 Market Trends 10.2.1.2 Market Forecast 10.1.2 Japan 10.2.2.1 Market Trends 10.2.2.2 Market Forecast 10.2.3 India 10.2.3.1 Market Trends 10.2.3.2 Market Forecast 10.2.4 South Korea 10.2.4.1 Market Trends

Table of Contents 10.2.4.2 Market Forecast 10.2.5 Australia 10.2.5.1 Market Trends 10.2.5.2 Market Forecast 10.2.6 Indonesia 10.2.6.1 Market Trends 10.2.6.2 Market Forecast 10.2.7 Others 10.2.7.1 Market Trends 10.2.7.2 Market Forecast 10.3 Europe 10.3.1 Germany 10.3.1.1 Market Trends 10.3.1.2 Market Forecast 10.3.2 France 10.3.2.1 Market Trends 10.3.2.2 Market Forecast 10.3.3 United Kingdom 10.3.3.1 Market Trends 10.3.3.2 Market Forecast 10.3.4 Italy 10.3.4.1 Market Trends 10.3.4.2 Market Forecast 10.3.5 Spain 10.3.5.1 Market Trends 10.3.5.2 Market Forecast 10.3.6 Russia 10.3.6.1 Market Trends 10.3.6.2 Market Forecast

Table of Contents 10.3.7 Others 10.3.7.1 Market Trends 10.3.7.2 Market Forecast 10.4 Latin America 10.4.1 Brazil 10.4.1.1 Market Trends 10.4.1.2 Market Forecast 10.4.2 Mexico 10.4.2.1 Market Trends 10.4.2.2 Market Forecast 10.4.3 Others 10.4.3.1 Market Trends 10.4.3.2 Market Forecast 10.5 Middle East and Africa 10.5.1 Market Trends 10.5.2 Market Breakup by Country 10.5.3 Market Forecast 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition

Table of Contents 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Clark Material Handling Company 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.2 Crown Equipment Corporation 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.3 Godrej & Boyce 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.4 Hyster-Yale Materials Handling Inc. 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.4.3 Financials 14.3.5 Hyundai Heavy Industries Co. Ltd. 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.6 Jungheinrich 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.6.3 Financials 14.3.6.4 SWOT Analysis 14.3.7 KION Group 14.3.7.1 Company Overview

Table of Contents 14.3.7.2 Product Portfolio 14.3.7.3 Financials 14.3.8 Mitsubishi Forklift Trucks 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.8.3 Financials 14.3.9 Toyota Industries Corporation 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.9.3 Financials 14.3.9.4 SWOT Analysis

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