Forklift Trucks Market Trend Analysis by 2023: Komastu Ltd. (Japan), Toyota Industries
Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc.
(U.S.), Jungheinrich group (Germany)
Market research future published a raw research report on Global Forklift Trucks Market that
contains the information from 2017 to 2023. Global forklift trucks market is expected to grow
with the CAGR of approximately 5.9% from 2017 to 2023.
Taste the market data and market information presented through more than 85 market data
tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth
table of content TOC & market synopsis on “Global Forklift Trucks Market Information
from 2017 to 2023"
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Forklift trucks are used to lift and move materials to short distances. Forklift trucks are used across
various industries such as automotive, food and beverages, construction, consumer goods, ecommerce, and retail. Expansion of warehouse space is globally driving the demand of forklift
trucks market. Additionally, technological advancement in forklift trucks have positive influence
on the growth of the market.
The market has been analyzed based on technology, capacity, applications, and regions. On the
basis of technology, global forklift trucks market is segmented as electric powered, and internal
combustion engine powered, out of which, electric powered dominates the technology segment of
global forklift trucks market. Many manufactures are focusing on electric powered forklift trucks,
mainly due to the factors such as stringent norms regarding emission, fuel efficiency, environment
friendly and less noisy compered to IC engine powered forklift trucks. The electric powered
forklift trucks is estimated to be the fastest growing technology during the forecast period
On the basis of capacity, global forklift trucks market is segmented as below 5 tons, and above 5
tons, out of which, below 5 tons dominates the capacity segment of global forklift trucks market.
It is expected to grow at the fastest pace during the forecast period.
Global forklift trucks market is projected to reach USD 41.73 billion by 2023, at a CAGR of 5.9%
from 2017 to 2023.
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Manufacturing dominates the application segment of the global forklift trucks market
On the basis of applications, the global forklift trucks market is segmented as manufacturing,
logistic, retail & wholesale and others. Manufacturing dominates the application segment of the
global forklift trucks market mainly due to the increasing number of warehouses being set up
across the regions. Wholesale & retail distribution is projected to grow at the highest CAGR during
the forecast period mainly due to increased stocking of goods in warehouses, which are further
distributed through the wholesalers and distributors.
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 Komastu Ltd. (Japan)
 Toyota Industries Corporation (Japan)
 KION Group AG (Germany)
 Hyster-Yale Material handling Inc. (U.S.)
 Jungheinrich group (Germany)
 Mitsubishi Nichiyu Forklift Corporation (Japan)
 Crown Equipment Corporation (U.K)
 The Raymond Corporation (U.S.)
 ANHUI HELI CO., LTD (China)
 Kalmar Global (Finland)
This research report provides insights, on various levels of analysis such as industry analysis,
market share analysis leading market players and their profiles. This report also helps in studying
the target segments by providing views on emerging & high-growth segments and market
conclusion. Together the market data comprise and discuss with the basic assessments on the
competitive scenarios & strategies, of the Forklift trucks market, including the high-growth
regions, countries and their political, economic and technological environments. Furthermore the
project report also provides the views over the historical market values as well as, pricing and cost
analysis of the same.
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