Worldwide Forklift Trucks Industry to 2026 - by Product Type, Technology, Class, Application and Region

February 23, 2021 9:00 AM EST

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DUBLIN, Feb. 23, 2021 /PRNewswire/ -- The "Forklift Trucks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to's offering.

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The global forklift trucks market reached a value of US$ 54.7 Billion in 2020. A forklift truck is an industrial machine that consists of two horizontal prongs for loading, unloading and transporting goods and materials over short distances. It is usually operated by a trained machinist and is either powered by electric batteries or combustion engines. Forklift trucks consist of various components, such as truck frame, counterweight, forklift, carriage and hydraulic cylinders that aid in performing multiple industrial tasks efficiently. Owing to these benefits, they find extensive applications in warehouses, factories and dockyards across various industries, including automotive, aerospace, transportation, retail, manufacturing and construction.Global Forklift Trucks Market Trends and Drivers:The growing construction industry, along with rapid industrialization, is one of the key factors driving the growth of the market. Forklift trucks are highly economical, user-friendly, powerful and easy to maintain. As a result, they are widely used for performing various industrial tasks and handling heavy construction materials, such as wood, steel and mortar. Furthermore, an increasing number of warehouse establishments across the emerging economies is also providing a boost to the market growth. These trucks are utilized in the distribution centers and warehouses for laying and retrieving loads from storage racks, delivering components to assembly lines and positioning materials for further effective handling. Various product innovations, including the development of fuel cell-powered forklift trucks that can operate on hydrogen, are also creating a positive outlook for the market growth. These variants aid in reducing the carbon footprint significantly and enhancing the overall operational efficiency. Other factors, including technological advancements aimed at improving productivity and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, the publisher expects the global forklift trucks market to reach a value of US$ 72.9 Billion by 2026, exhibiting a CAGR of 4.51% during 2021-2026.Competitive Landscape:The competitive landscape of the industry has also been examined with some of the key players being 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, etc.Key Questions Answered in This Report:

  • How has the global forklift trucks market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global forklift trucks market?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the class?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global forklift trucks market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered: 1 Preface2 Scope and Methodology2.1 Objectives of the Study2.2 Stakeholders2.3 Data Sources2.3.1 Primary Sources2.3.2 Secondary Sources2.4 Market Estimation2.4.1 Bottom-Up Approach2.4.2 Top-Down Approach2.5 Forecasting Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Forklift Trucks Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast6 Market Breakup by Product Type6.1 Counterbalanced Forklift Trucks6.1.1 Market Trends6.1.2 Market Forecast6.2 Warehouse Forklift Trucks6.2.1 Market Trends6.2.2 Market Forecast7 Market Breakup by Technology7.1 Electricity Powered7.1.1 Market Trends7.1.2 Market Forecast7.2 Internal Combustion Engine Powered7.2.1 Market Trends7.2.2 Market Forecast8 Market Breakup by Class8.1 Class I8.1.1 Market Trends8.1.2 Market Forecast8.2 Class II8.2.1 Market Trends8.2.2 Market Forecast8.3 Class III8.3.1 Market Trends8.3.2 Market Forecast8.4 Class IV8.4.1 Market Trends8.4.2 Market Forecast8.5 Class V8.5.1 Market Trends8.5.2 Market Forecast9 Market Breakup by Application9.1 Non-Industrial9.1.1 Market Trends9.1.2 Major Types9.1.2.1 Warehouses and Distribution Centers9.1.2.2 Construction Sites9.1.2.3 Dockyards9.1.2.4 Snow Plows9.1.3 Market Forecast9.2 Industrial9.2.1 Market Trends9.2.2 Major Types9.2.2.1 Manufacturing9.2.2.2 Recycling Operations9.2.3 Market Forecast10 Market Breakup by Region10.1 North America10.1.1 United States10.1.1.1 Market Trends10.1.1.2 Market Forecast10.1.2 Canada10.1.2.1 Market Trends10.1.2.2 Market Forecast10.2 Asia Pacific10.2.1 China10.2.1.1 Market Trends10.2.1.2 Market Forecast10.1.2 Japan10.2.2.1 Market Trends10.2.2.2 Market Forecast10.2.3 India10.2.3.1 Market Trends10.2.3.2 Market Forecast10.2.4 South Korea10.2.4.1 Market Trends10.2.4.2 Market Forecast10.2.5 Australia10.2.5.1 Market Trends10.2.5.2 Market Forecast10.2.6 Indonesia10.2.6.1 Market Trends10.2.6.2 Market Forecast10.2.7 Others10.2.7.1 Market Trends10.2.7.2 Market Forecast10.3 Europe10.3.1 Germany10.3.1.1 Market Trends10.3.1.2 Market Forecast10.3.2 France10.3.2.1 Market Trends10.3.2.2 Market Forecast10.3.3 United Kingdom10.3.3.1 Market Trends10.3.3.2 Market Forecast10.3.4 Italy10.3.4.1 Market Trends10.3.4.2 Market Forecast10.3.5 Spain10.3.5.1 Market Trends10.3.5.2 Market Forecast10.3.6 Russia10.3.6.1 Market Trends10.3.6.2 Market Forecast10.3.7 Others10.3.7.1 Market Trends10.3.7.2 Market Forecast10.4 Latin America10.4.1 Brazil10.4.1.1 Market Trends10.4.1.2 Market Forecast10.4.2 Mexico10.4.2.1 Market Trends10.4.2.2 Market Forecast10.4.3 Others10.4.3.1 Market Trends10.4.3.2 Market Forecast10.5 Middle East and Africa10.5.1 Market Trends10.5.2 Market Breakup by Country10.5.3 Market Forecast11 SWOT Analysis11.1 Overview11.2 Strengths11.3 Weaknesses11.4 Opportunities11.5 Threats12 Value Chain Analysis13 Porters Five Forces Analysis13.1 Overview13.2 Bargaining Power of Buyers13.3 Bargaining Power of Suppliers13.4 Degree of Competition13.5 Threat of New Entrants13.6 Threat of Substitutes14 Competitive Landscape14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players14.3.1 Clark Material Handling Company14.3.1.1 Company Overview14.3.1.2 Product Portfolio14.3.2 Crown Equipment Corporation14.3.2.1 Company Overview14.3.2.2 Product Portfolio14.3.3 Godrej & Boyce14.3.3.1 Company Overview14.3.3.2 Product Portfolio14.3.4 Hyster-Yale Materials Handling Inc. Company Overview14.3.4.2 Product Portfolio14.3.4.3 Financials14.3.5 Hyundai Heavy Industries Co. Ltd. Company Overview14.3.5.2 Product Portfolio14.3.6 Jungheinrich14.3.6.1 Company Overview14.3.6.2 Product Portfolio14.3.6.3 Financials14.3.6.4 SWOT Analysis14.3.7 KION Group14.3.7.1 Company Overview14.3.7.2 Product Portfolio14.3.7.3 Financials14.3.8 Mitsubishi Forklift Trucks14.3.8.1 Company Overview14.3.8.2 Product Portfolio14.3.8.3 Financials14.3.9 Toyota Industries Corporation14.3.9.1 Company Overview14.3.9.2 Product Portfolio14.3.9.3 Financials14.3.9.4 SWOT AnalysisFor more information about this report visit

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