Forklift Market Size, Share, Analysis Report

Forklift Market Size By Application (Freight & Logistics, Wholesale & Retail Distribution, Other Forklift Applications), By Class (Class 4, Class 3, Class 2, Class 1), By Fuel Type (Battery-Electric Forklift, Diesel Forklift, Gasoline & Lpg/Cng Forklift), By Tonnage (36 Ton and Above, 11 to 36 Ton, 5 to 10 Ton), By Circulating Biomarker (Extracellular Vesicles, Circulating Tumor Cells, Circulating Tumor Dna, Below 5 Ton), By Technology (Single Gene Analysis Using Pcr Microarrays, Multi-Gene-Parallel Analysis Using Ngs), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The global forklift market is projected to grow US$ 20 billion by 2027 at a CAGR of 1.93%

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MARKET SNAPSHOT

Major Players

  • Crown Equipment Corporation
  • Anhui Heli Co., Ltd
  • Clark Material Handling Company
  • Komatsu Ltd
  • Hangcha Group Co., Ltd
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    1

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Forklift may be a small industrial vehicle, having an influence functioned forked platform attached at the front to lift and move material over a brief distance. Some forklifts permit operators to take a seat while operating and driving the machine. it’s being widely used everywhere the industry for transporting goods and material. Forklifts involve of a spread of components to handle the task effectively. The demand for forklift or forklift truck, also referred to as lift truck or folk truck is growing on account of its wide use for lifting and moving materials from one place to a different in warehouse and manufacturing operations. the utilization of a forklift for material handling for brief and medium distance is that the main factor behind its accelerated demand from the auto industry, retail, brick or stone distribution, manufacturing, heavy-duty warehousing, paper ruling, and shipping and freight industries. Increasing adoption of online shopping among consumers and rising investment by leading retail players for expansion & development are major factors propelling the forklift demand for the e-commerce industry. With rise within the expansion of latest warehouses and distribution centers by leading e-commerce giants, the demand for advanced systems to move and cargo products will increase, augmenting market revenue.

    The global forklift market is projected to grow US$ 19 billion by 2027 at a CAGR of 1.93% 

    Increasing trend of online shopping has augmented the demand for advanced material handling equipment in warehouse centers.

    The global Forklift market is segregated on the basis of Application as Freight & Logistics, Wholesale & Retail Distribution, and Other Forklift Applications. Based on Class the global Forklift market is segmented in Class 4, Class 3, Class 2, and Class 1. Based on Fuel Type the global Forklift market is segmented in Battery-Electric Forklift, Diesel Forklift, and Gasoline & Lpg/Cng Forklift.

    Based on Tonnage, the global Forklift market is segmented in 36 Ton and Above, 11 to 36 Ton, and 5 to 10 Ton. The report also bifurcates the global Forklift market based on Circulating Biomarker in Extracellular Vesicles, Circulating Tumor Cells, Circulating Tumor Dna, and Below 5 Ton. The report also bifurcates the global Forklift the global Technology market is segmented in Single Gene Analysis Using Pcr Microarrays and Multi-Gene-Parallel Analysis Using Ngs.

    The global Forklift market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Forklift market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Crown Equipment Corporation, Clark Material Handling Company, Anhui Heli Co., Ltd., Komatsu Ltd., Hangcha Group Co., Ltd, Toyota Industries Corporation, Kion Group AG, Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Mitsubishi Nichiyu Forklift Co., Ltd., and others are among the major players in the global Forklift market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Forklift Market has been segmented as below:

    Forklift Market, By Application

    • Freight & Logistics
    • Wholesale & Retail Distribution
    • Other Forklift Applications

    Forklift Market, By Class

    • Class 4
    • Class 3
    • Class 2
    • Class 1

    Forklift Market, By Fuel Type

    • Battery-Electric Forklift
    • Diesel Forklift
    • Gasoline & Lpg/Cng Forklift

    Forklift Market, By Tonnage

    • 36 Ton and Above
    • 11 to 36 Ton
    • 5 to 10 Ton

    Forklift Market, By Circulating Biomarker

    • Extracellular Vesicles
    • Circulating Tumor Cells
    • Circulating Tumor Dna
    • Below 5 Ton

    Forklift Market, By Technology

    • Single Gene Analysis Using Pcr Microarrays
    • Multi-Gene-Parallel Analysis Using Ngs

    Forklift Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Forklift Market, By Company

    • Crown Equipment Corporation
    • Clark Material Handling Company
    • Anhui Heli Co., Ltd.
    • Komatsu Ltd.
    • Hangcha Group Co., Ltd
    • Toyota Industries Corporation
    • Kion Group AG
    • Hyster-Yale Materials Handling, Inc.
    • Jungheinrich AG
    • Mitsubishi Nichiyu Forklift Co., Ltd.

    The report covers:

    • Global Forklift market sizes from 2018 to 2027, along with CAGR for 2022-2027
    • Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
    • Global Forklift market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Forklift market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Forklift market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Forklift market share. Major industry players with significant revenue share include Crown Equipment Corporation, Clark Material Handling Company, Anhui Heli Co., Ltd., Komatsu Ltd., Hangcha Group Co., Ltd, Toyota Industries Corporation, Kion Group AG, Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Mitsubishi Nichiyu Forklift Co., Ltd., and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Forklift industry trends
    • Find complete analysis on the market status
    • Identify the Forklift market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

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    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis

    5. Forklift Market, By Application
        5.1 Introduction
        5.2 Freight & Logistics
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Wholesale & Retail Distribution
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Other Forklift Applications
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast

    6. Forklift Market, By Class
        6.1 Introduction
        6.2 Class 4
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Class 3
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
        6.4 Class 2
            6.4.1 Market Overview
            6.4.2 Market Size and Forecast
        6.5 Class 1
            6.5.1 Market Overview
            6.5.2 Market Size and Forecast

    7. Forklift Market, By Fuel Type
        7.1 Introduction
        7.2 Battery-Electric Forklift
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Diesel Forklift
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
        7.4 Gasoline & Lpg/Cng Forklift
            7.4.1 Market Overview
            7.4.2 Market Size and Forecast

    8. Forklift Market, By Tonnage
        8.1 Introduction
        8.2 36 Ton and Above
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 11 to 36 Ton
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast
        8.4 5 to 10 Ton
            8.4.1 Market Overview
            8.4.2 Market Size and Forecast

    9. Forklift Market, By Circulating Biomarker
        9.1 Introduction
        9.2 Extracellular Vesicles
            9.2.1 Market Overview
            9.2.2 Market Size and Forecast
        9.3 Circulating Tumor Cells
            9.3.1 Market Overview
            9.3.2 Market Size and Forecast
        9.4 Circulating Tumor Dna
            9.4.1 Market Overview
            9.4.2 Market Size and Forecast
        9.5 Below 5 Ton
            9.5.1 Market Overview
            9.5.2 Market Size and Forecast

    10. Forklift Market, By Technology
        10.1 Introduction
        10.2 Single Gene Analysis Using Pcr Microarrays
            10.2.1 Market Overview
            10.2.2 Market Size and Forecast
        10.3 Multi-Gene-Parallel Analysis Using Ngs
            10.3.1 Market Overview
            10.3.2 Market Size and Forecast

    11. Forklift Market, By Geography
        11.1 Introduction
        11.2 North America
            11.2.1 North America Forklift, By Application
            11.2.2 North America Forklift, By Class
            11.2.3 North America Forklift, By Fuel Type
            11.2.4 North America Forklift, By Tonnage
            11.2.5 North America Forklift, By Circulating Biomarker
            11.2.6 North America Forklift, By Technology
        11.3 Europe
            11.3.1 Europe Forklift, By Application
            11.3.2 Europe Forklift, By Class
            11.3.3 Europe Forklift, By Fuel Type
            11.3.4 Europe Forklift, By Tonnage
            11.3.5 Europe Forklift, By Circulating Biomarker
            11.3.6 Europe Forklift, By Technology
        11.4 Asia-Pacific
            11.4.1 Asia-Pacific Forklift, By Application
            11.4.2 Asia-Pacific Forklift, By Class
            11.4.3 Asia-Pacific Forklift, By Fuel Type
            11.4.4 Asia-Pacific Forklift, By Tonnage
            11.4.5 Asia-Pacific Forklift, By Circulating Biomarker
            11.4.6 Asia-Pacific Forklift, By Technology
        11.5 Rest of the World
            11.5.1 Rest of the World Forklift, By Application
            11.5.2 Rest of the World Forklift, By Class
            11.5.3 Rest of the World Forklift, By Fuel Type
            11.5.4 Rest of the World Forklift, By Tonnage
            11.5.5 Rest of the World Forklift, By Circulating Biomarker
            11.5.6 Rest of the World Forklift, By Technology

    12. Competitive Insights
        12.1 Key Insights
        12.2 Company Market Share Analysis
        12.3 Strategic Outlook
            12.3.1 Mergers & Acquisitions
            12.3.2 New Product Development
            12.3.3 Portfolio/Production Capacity Expansions
            12.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            12.3.5 Others

    13. Company Profiles
        13.1 Crown Equipment Corporation
            13.1.1 Company Overview
            13.1.2 Product/Service Landscape
            13.1.3 Financial Overview
            13.1.4 Recent Developments
        13.2 Clark Material Handling Company
            13.2.1 Company Overview
            13.2.2 Product/Service Landscape
            13.2.3 Financial Overview
            13.2.4 Recent Developments
        13.3 Anhui Heli Co., Ltd.
            13.3.1 Company Overview
            13.3.2 Product/Service Landscape
            13.3.3 Financial Overview
            13.3.4 Recent Developments
        13.4 Komatsu Ltd.
            13.4.1 Company Overview
            13.4.2 Product/Service Landscape
            13.4.3 Financial Overview
            13.4.4 Recent Developments
        13.5 Hangcha Group Co., Ltd
            13.5.1 Company Overview
            13.5.2 Product/Service Landscape
            13.5.3 Financial Overview
            13.5.4 Recent Developments
        13.6 Toyota Industries Corporation
            13.6.1 Company Overview
            13.6.2 Product/Service Landscape
            13.6.3 Financial Overview
            13.6.4 Recent Developments
        13.7 Kion Group AG
            13.7.1 Company Overview
            13.7.2 Product/Service Landscape
            13.7.3 Financial Overview
            13.7.4 Recent Developments
        13.8 Hyster-Yale Materials Handling, Inc.
            13.8.1 Company Overview
            13.8.2 Product/Service Landscape
            13.8.3 Financial Overview
            13.8.4 Recent Developments
        13.9 Jungheinrich AG
            13.9.1 Company Overview
            13.9.2 Product/Service Landscape
            13.9.3 Financial Overview
            13.9.4 Recent Developments
        13.10 Mitsubishi Nichiyu Forklift Co., Ltd.
            13.10.1 Company Overview
            13.10.2 Product/Service Landscape
            13.10.3 Financial Overview
            13.10.4 Recent Developments

    The Forklift Market has been segmented as below:

    Forklift Market, By Application

    • Freight & Logistics
    • Wholesale & Retail Distribution
    • Other Forklift Applications

    Forklift Market, By Class

    • Class 4
    • Class 3
    • Class 2
    • Class 1

    Forklift Market, By Fuel Type

    • Battery-Electric Forklift
    • Diesel Forklift
    • Gasoline & Lpg/Cng Forklift

    Forklift Market, By Tonnage

    • 36 Ton and Above
    • 11 to 36 Ton
    • 5 to 10 Ton

    Forklift Market, By Circulating Biomarker

    • Extracellular Vesicles
    • Circulating Tumor Cells
    • Circulating Tumor Dna
    • Below 5 Ton

    Forklift Market, By Technology

    • Single Gene Analysis Using Pcr Microarrays
    • Multi-Gene-Parallel Analysis Using Ngs

    Forklift Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Forklift Market, By Company

    • Crown Equipment Corporation
    • Clark Material Handling Company
    • Anhui Heli Co., Ltd.
    • Komatsu Ltd.
    • Hangcha Group Co., Ltd
    • Toyota Industries Corporation
    • Kion Group AG
    • Hyster-Yale Materials Handling, Inc.
    • Jungheinrich AG
    • Mitsubishi Nichiyu Forklift Co., Ltd.

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    The market is expected to grow at a CAGR of 1.93% during the study period (2022-2027)
    The global forklift market is projected to grow USD 19 billion by 2027
    The segment included in Forklift market is Application, Class, Fuel Type, Tonnage, Circulating Biomarker, Technology, Company and region.
    Some key players operating in the Forklift market include Crown Equipment Corporation, Clark Material Handling Company, Anhui Heli Co., Ltd., Komatsu Ltd., Hangcha Group Co., Ltd
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