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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Forklift Market
The report gives a detailed analysis of the following key players in the global forklift market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Toyota Material Handling, Inc.
- Crown Equipment Corporation
- Jungheinrich AG
- Komatsu Ltd.
- Anhui Heli Co., Ltd.
- Doosan Industrial Vehicle America Corp.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Forklift Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a volume of approximately 1842.75 thousand units.
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The major drivers of the market include the growing e-commerce sector, rising focus on achieving improved safety and security while transporting heavy loads, and growing technological advancements.
The key trends guiding the growth of the market include the increasing construction activities and the growing research and development activities to launch advanced forklifts with improved efficiency.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various classes of forklift are class 1, class 2, class 3, and class 4 and 5.
The leading forklift types in the market are counterbalance type and warehouse type.
The significant forklift technologies in the market are IC engine and electric.
The key players in the global forklift market are Toyota Material Handling, Inc., Crown Equipment Corporation, Jungheinrich AG, Komatsu Ltd., Anhui Heli Co., Ltd., and Doosan Industrial Vehicle America Corp., among others.
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