Global forklift truck market is projected to register a CAGR of 6.0% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Global Forklift Truck Market, By Product Type (Counterbalance and Warehouse), Power source (Internal Combustion forklift truck and Electric forklift), Class (Class V (IC Engine Forklift Trucks, Pneumatic Tire), Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires), Class I (Electric Motor Rider Forklift Trucks) , Class III (Electric Hand Forklift Trucks), Class II (Electric Motor Narrow Aisle Forklift Truck), Class VI (Electric and IC Engine Tractors) and Class VII (Rough Terrain Forklift Truck), Fuel Type (Electric, LPG/CNG, Diesel and Gasoline)), Tonnage (Below 5 ton, 5 to 10 ton, 11 to 36 ton and 36 ton and Above), Industry (Construction, Freight & Logistic, Food Industry, Retail, Chemical And Paper & Wood, and Other), Country (Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Hungary, Rest of Europe, China, India, Japan, Taiwan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E, Israel and Rest of Middle East & Africa) Industry Trends and Forecast to 2027) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the global forklift truck market are:
• The rising population across the global has increase demand for the construction activities
• Development of e-commerce activities has driven the demand for the forklift market
Market Players
Some of the major players operating in the forklift truck market are:
• Jungheinrich AG
• KION GROUP AG
• Mitsubishi Logisnext Co., Ltd
• Toyota Industries Corporation
• Crown Equipment Corporation
• CLARK
• Manitou Group
• Komatsu Ltd
• Hangcha
• Doosan Industrial Vehicle America Corp
• Konecranes
• Palletrans Forklifts
• HUBTEX MASCHINENBAU GMBH & CO. KG
• Anhui Heli Co., Ltd
• Lonking Forklift Co., Ltd
• EP Equipment, CO.,LTD
• Combilift Material Handling Solutions
• Godrej Material Handling
• Hyster-Yale Group, Inc
• Lift Technologies, Inc