forklift trucks market overview 2020: industry report, share, size, growth and forecast till 2025
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Global Forklift
Trucks Market
Research Report
and Forecast 2025
Report Edition: 2020
© 2020 IMARC All Rights Reserved
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Report DescriptionReport Description and Highlights
Global Forklift Trucks Market Overview:
A forklift truck includes two horizontal prongs to load, unload, and transport goods over shortdistances. It is generally operated by a trained machinist and is powered by electric or combustionengines. Forklift truck comprises of a truck frame, counterweight, forklift, carriage, and hydrauliccylinder. These trucks are extensively used in warehouses, factories, and dockyards across variousindustries.
Forklift Trucks Market Trends
The growing construction industry, along with rapid industrialization across the world, is driving theforklift trucks market. Forklift trucks are efficient in handling heavy construction materials, such aswood, steel, and mortar. Furthermore, growing warehouse establishments across both developed anddeveloping economies are also propelling the market growth. Forklift trucks help in laying andretrieving loads from storage racks, delivering components to assembly lines, and positioning materialsfor effective handling in distribution centers and warehouses. The market is also catalyzed by thelaunch of various innovative trucks, such as fuel cell-powered forklift trucks for reducing carbonfootprints and enhancing operational efficiency. Several technological advancements, along with robustR&D activities in the sector, are further anticipated to drive the forklift trucks market.
Report DescriptionReport Description and Highlights
120.2125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
80
100
120
140
160
2012 2013 2014 2015 2016 2017 2018 2019
In
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lion
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$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
100
120
140
160
180
2020 2021 2022 2023 2024 2025
In
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lion
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Report DescriptionReport Description and Highlights
Forklift Trucks Market Segmentation:
Breakup by Product Type:
• Counterbalanced Forklift Trucks• Warehouse Forklift Trucks
Breakup by Technology:
• Electricity Powered• Internal Combustion Engine Powered
Breakup by Class:
• Class I• Class II• Class III• Class IV• Class V
Report DescriptionReport Description and Highlights
Breakup by Application:
• Non-Industrial• Warehouses and Distribution Centers• Construction Sites• Dockyards• Snow Plows• Industrial• Manufacturing• Recycling Operations
Breakup by Region:
• North America• Asia Pacific• Europe• Latin America• Middle East and Africa
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Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• 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
Report DescriptionReport Description and Highlights
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A partial List of our ClientsWe are the trusted business partners to theworld's leading corporates, governments, andinstitutions
Partial List of Clients
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© 2020 IMARC All Rights Reserved
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Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have beenbased on information and sources believed to be accurate and reliable at the time of publishing.International Market Analysis Research and Consulting makes no representation of warranty of any kind as tothe accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for anyloss or damage resulting from opinion, errors or inaccuracies if any found this publication.
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