Global Forklift Trucks Market Growth 2019-2024
Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the global forklift truck market.
First, in recent time, high growth in the transport and trading industries, as well as the increasing penetration rate of forklift trucks in manufacturing industry, is some of the major drivers of global forklift truck industry.
Second, during the past sixteen years from 2000 to 2015, global forklift truck industry developed fast, with annual factory shipment increased from 603.58 k units in 2000 to more than 1000 k units in 2014 and 2015, and the CAGR is near 4%.
Third, at present, global forklift truck industry shows a high concentration. Among the manufacturers, Toyota (Japan) and Kion (Germany) are the top two largest around the world with more than 35% of the global total revenue in 2015. In Europe, Kion (Germany) and Jungheinrich (Germany) are the largest two companies while Hyster-Yale and Crown are the largest in USA.
According to this study, over the next five years the Forklift Trucks market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Forklift Trucks business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Forklift Trucks market by product type, application, key manufacturers and key regions and countries.
This study considers the Forklift Trucks value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Electric Motor Rider Trucks
Electric Motor Narrow Aisle Trucks
Electric Motor Hand or Hand-Rider Trucks
Internal Combustion Engine Trucks - Cushion Tires
Internal Combustion Engine Trucks - Pneumatic Tires
Electric and Internal Combustion Engine Tractors
Rough Terrain Forklift Trucks
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Godrej & Boyce
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Forklift Trucks consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Forklift Trucks market by identifying its various subsegments.
Focuses on the key global Forklift Trucks manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Forklift Trucks with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Forklift Trucks submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.