Exclusive special offer and discount title banner vector image

GLOBAL FORKLIFT TRUCK MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Forklift Truck Market by Engine Type (ICE Powered, Electric Powered) Market by Type (Class 1, Class 2, Class 3, Class 4 & 5) Market by End-user (Retail & E-commerce, Construction, Manufacturing, Other End-users) by Geography


MARKET OVERVIEW

The global forklift truck market is predicted to reach $130750.69 million by 2032, growing at a CAGR of 6.60% over the forecast years of 2023-2032. In terms of volume, the market was valued at 1423.66 thousand units in 2022 and is set to reach 2546.21 thousand units by 2032. The base year considered for the study is 2022, and the estimated period is between 2023 and 2032. The market study has also analyzed the impact of COVID-19 on the forklift truck market qualitatively as well as quantitatively.

The material handling and logistics processes in various different industries rely heavily on the forklift truck market, an expanding sector of the economy. Heavy items and goods are lifted, moved, and transported using forklift trucks at warehouses, factories, distribution centers, ports, and other industrial settings. 

Forklift vehicles are frequently used in warehouse operations and are mostly used to move merchandise and load as well as unload trucks. Industrial-grade forklifts are useful at construction sites as well. Construction workers utilize forklifts to transport heavy building materials over short distances and even across difficult terrain.

Forklift Truck Market

Read our latest blog on the Forklift Truck Market

GROWTH ENABLERS

KEY GROWTH ENABLERS OF THE GLOBAL FORKLIFT TRUCK MARKET ARE:

  • Rising demand from e-commerce industry
  • Automation of manufacturing facilities
    • The manufacturing sector uses automation frequently. The need for lift trucks, in this regard, is rising across a wide range of end-users as a result of the ongoing, innovative technical advancements in industrial automation systems.
    • Moreover, the method in which various industries previously operated has been significantly altered by the introduction of new tools, technologies, and systems, including advanced forklifts.

GROWTH RESTRAINTS

KEY GROWTH RESTRAINING FACTORS OF THE GLOBAL FORKLIFT TRUCK MARKET ARE:

  • Personnel training & stringent emission rules
    • Forklift operation is a difficult job that requires qualified personnel. In certain regions, manufacturers are mandated to provide personnel with operational and maintenance training. 
    • The majority of workplace mishaps involving workers and property damage can be attributed to inadequate or absence of training.
    • Occupational Safety & Health Administration (OSHA) and Canadian Standards Association (CSA) are some of the bodies with particular regulations regarding forklift training and workplace safety guidelines.
  • Varying prices of raw materials

To Know More About This Report, Request a Free Sample Copy

KEY MARKET TRENDS

Global Forklift Truck Market | Top Trends

  • Due to stringent environmental rules, there is an increase in demand for electric/battery-operated forklifts. Electric forklifts are advantageous for the environment because they do not produce any pollutants.
  • Electric forklift trucks are a popular option for companies looking to lower their operational expenses and carbon footprint as the demand for sustainable and eco-friendly material handling solutions increases.

MARKET SEGMENTATION

Market Segmentation – Engine Type, End-User, and Type

Market by Engine Type:

  • ICE Powered
  • Electric Powered
    • Electric powered is anticipated to be the fastest-growing engine type in the global forklift truck market.
    • This engine type is gaining popularity since it is environmentally beneficial; emissions are a serious concern with engine-powered vehicles, including forklifts.
    • Electric forklift trucks are available in various load capacities and configurations to suit different applications. They can handle light to heavy loads and are suitable for indoor as well as outdoor operations, depending on the design and features of the specific electric forklift model.

Market by Type:

  • Class 1
  • Class 2
  • Class 3
  • Class 4 & 5

Market by End-User:

  • Retail & E-Commerce
    • In 2022, the majority of market share was captured by the retail & e-commerce segment under the end-user category.
    • Forklift trucks used in the retail & e-commerce market are deployed for lifting and relocating goods from one place to another. Growth in the retail & e-commerce industry is expected to boost the adoption of forklift trucks, and thereby drive the segment’s growth.
  • Construction
  • Manufacturing
  • Other End-Users

GEOGRAPHICAL STUDY

GEOGRAPHICAL STUDY BASED ON FOUR MAJOR REGIONS:
  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific
    • In terms of revenue, the Asia-Pacific forklift truck market is expected to grow with the fastest CAGR over the forecast period. 
    • The augmenting presence of manufacturing activities in the region is anticipated to support the growth of the forklift truck market in the Asia-Pacific.
    • Retail & e-commerce businesses require large warehouses to fulfill the growing demand swiftly. As a result, the increasing number of warehouse operations is expected to encourage the region’s forklift truck market growth.
    • Growing industries such as automotive, e-commerce, food & beverages etc., in emerging economies such as China, India, and South Korea are anticipated to further contribute to the growth of the Asia-Pacific forklift truck market.
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

MAJOR PLAYERS IN THE GLOBAL FORKLIFT TRUCK MARKET:

  • Hyster-Yale Materials Handling Inc
  • KION AG
  • Mitsubishi Logisnext Co Ltd
  • Toyota Industries Corporation

Key strategies adopted by some of these companies:

  • In March 2023, Hangcha Forklift launched the XE series electric forklifts. XE series covers from 1.5-3.8t, with a battery capacity of up to 80V/608Ah.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedEngine Type, End-User, and Type
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedToyota Industries Corporation, KION AG, Hyster-Yale Materials Handling Inc, Komatsu Ltd, Jungheinrich AG, Mitsubishi Logisnext Co Ltd, Hangcha Group, Doosan Corporation, Crown Equipment Corporation, Clark

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. DEALERS/DISTRIBUTORS NETWORK & AFTER SALE SERVICES
      2. PRODUCT LAUNCHES, UPGRADES, AND MARKET DEVELOPMENTS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING DEMAND FROM E-COMMERCE INDUSTRY
      2. AUTOMATION OF MANUFACTURING FACILITIES
    2. KEY RESTRAINTS
      1. PERSONNEL TRAINING & STRINGENT EMISSION RULES
      2. VARYING PRICES OF RAW MATERIALS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. SUPPLIERS
      2. OEMS
      3. DISTRIBUTORS
      4. END-USER
    7. KEY BUYING CRITERIA
      1. COST
      2. ENGINE TYPE
      3. PAYLOAD CAPACITY
      4. LIFT HEIGHT
  5. MARKET BY ENGINE TYPE
    1. ICE POWERED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. ELECTRIC POWERED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TYPE
    1. CLASS 1
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. CLASS 2
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. CLASS 3
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. CLASS 4 & 5
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY END-USER
    1. RETAIL & E-COMMERCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. CONSTRUCTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. MANUFACTURING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: THOUSAND UNITS)
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA FORKLIFT TRUCK MARKET DRIVERS
      3. NORTH AMERICA FORKLIFT TRUCK MARKET CHALLENGES
      4. KEY PLAYERS OPERATING IN NORTH AMERICA FORKLIFT TRUCK MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE FORKLIFT TRUCK MARKET DRIVERS
      3. EUROPE FORKLIFT TRUCK MARKET CHALLENGES
      4. KEY PLAYERS OPERATING IN EUROPE FORKLIFT TRUCK MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        4. SPAIN
          1. SPAIN FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        5. ITALY
          1. ITALY FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC FORKLIFT TRUCK MARKET DRIVERS
      3. ASIA-PACIFIC FORKLIFT TRUCK MARKET CHALLENGES
      4. KEY PLAYERS OPERATING IN ASIA-PACIFIC FORKLIFT TRUCK MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        5. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        6. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES 
      2. REST OF WORLD FORKLIFT TRUCK MARKET DRIVERS
      3. REST OF WORLD FORKLIFT TRUCK MARKET CHALLENGES
      4. KEY PLAYERS OPERATING IN REST OF WORLD FORKLIFT TRUCK MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA FORKLIFT TRUCK MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. BUSINESS EXPANSIONS
    2. COMPANY PROFILES
      1. CLARK
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      2. CROWN EQUIPMENT CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      3. DOOSAN CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      4. HANGCHA GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      5. HYSTER-YALE MATERIALS HANDLING INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      6. JUNGHEINRICH AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      7. KION AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      8. KOMATSU LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      9. MITSUBISHI LOGISNEXT CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      10. TOYOTA INDUSTRIES CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS

LIST OF TABLES

TABLE 1:  MARKET SNAPSHOT – FORKLIFT TRUCK

TABLE 2:  GLOBAL FORKLIFT TRUCK MARKET, BY ENGINE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3:  GLOBAL FORKLIFT TRUCK MARKET, BY ENGINE TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4:  GLOBAL ICE POWERED MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5:  GLOBAL ICE POWERED MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6:  GLOBAL ELECTRIC POWERED MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7:  GLOBAL ELECTRIC POWERED MARKET, BY REGION, FORECAST YEARS, 2022-2032 (IN $ MILLION)

TABLE 8:  GLOBAL FORKLIFT TRUCK MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9:  GLOBAL FORKLIFT TRUCK MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10:  GLOBAL CLASS 1 MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11:  GLOBAL CLASS 1 MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12:  GLOBAL CLASS 2 MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13:  GLOBAL CLASS 2 MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14:  GLOBAL CLASS 3 MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15:  GLOBAL CLASS 3 MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16:  GLOBAL CLASS 4 & 5 MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17:  GLOBAL CLASS 4 & 5 MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18:  GLOBAL FORKLIFT TRUCK MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19:  GLOBAL FORKLIFT TRUCK MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20:  GLOBAL RETAIL & E-COMMERCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21:  GLOBAL RETAIL & E-COMMERCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22:  GLOBAL CONSTRUCTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23:  GLOBAL CONSTRUCTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24:  GLOBAL MANUFACTURING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25:  GLOBAL MANUFACTURING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 26:  GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27:  GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28:  GLOBAL FORKLIFT TRUCK MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29:  GLOBAL FORKLIFT TRUCK MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 30:  GLOBAL FORKLIFT TRUCK MARKET, BY GEOGRAPHY, HISTORICAL YEARS 2018-2022 (IN THOUSAND UNITS)

TABLE 31:  GLOBAL FORKLIFT TRUCK MARKET, BY GEOGRAPHY, FORECAST YEARS 2023-2032 (IN THOUSAND UNITS)

TABLE 32:  NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33:  NORTH AMERICA FORKLIFT TRUCK MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 34:  KEY PLAYERS OPERATING IN NORTH AMERICA FORKLIFT TRUCK MARKET

TABLE 35:  EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 36:  EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 37:  KEY PLAYERS OPERATING IN EUROPE FORKLIFT TRUCK MARKET

TABLE 38:  ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39:  ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40:  KEY PLAYERS OPERATING IN ASIA-PACIFIC FORKLIFT TRUCK MARKET

TABLE 41:  REST OF WORLD FORKLIFT TRUCK MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 42:  REST OF WORLD FORKLIFT TRUCK MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 43:  KEY PLAYERS OPERATING IN REST OF WORLD FORKLIFT TRUCK MARKET

TABLE 44:  LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 45:  LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: NORTH AMERICA GROWTH PROSPECT MAPPING

FIGURE 4: EUROPE GROWTH PROSPECT MAPPING

FIGURE 5: ASIA-PACIFIC GROWTH PROSPECT MAPPING

FIGURE 6: REST OF WORLD GROWTH PROSPECT MAPPING

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: VALUE CHAIN ANALYSIS

FIGURE 10: KEY BUYING CRITERIA

FIGURE 11: GLOBAL FORKLIFT TRUCK MARKET, GROWTH POTENTIAL, BY ENGINE TYPE, IN 2022

FIGURE 12: GLOBAL FORKLIFT TRUCK MARKET, BY ICE POWERED, 2023-2032 (IN $ MILLION)

FIGURE 13: GLOBAL FORKLIFT TRUCK MARKET, BY ELECTRIC POWERED, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL FORKLIFT TRUCK MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 15: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 1, 2023-2032 (IN $ MILLION)

FIGURE 16: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 2, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 3, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 4 & 5, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL FORKLIFT TRUCK MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 20: GLOBAL FORKLIFT TRUCK MARKET, BY RETAIL & E-COMMERCE, 2023-2032 (IN $ MILLION)

FIGURE 21: GLOBAL FORKLIFT TRUCK MARKET, BY CONSTRUCTION, 2023-2032 (IN $ MILLION)

FIGURE 22: GLOBAL FORKLIFT TRUCK MARKET, BY MANUFACTURING, 2023-2032 (IN $ MILLION)

FIGURE 23: GLOBAL FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)

FIGURE 24: NORTH AMERICA FORKLIFT TRUCK MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 25: UNITED STATES FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: CANADA FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: EUROPE FORKLIFT TRUCK MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 28: UNITED KINGDOM FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: GERMANY FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: FRANCE FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: SPAIN FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: ITALY FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: BELGIUM FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: POLAND FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: REST OF EUROPE FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: ASIA-PACIFIC FORKLIFT TRUCK MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 37: CHINA FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: JAPAN FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: INDIA FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: SOUTH KOREA FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: AUSTRALIA & NEW ZEALAND FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: REST OF WORLD FORKLIFT TRUCK MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 44: LATIN AMERICA FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 45: MIDDLE EAST & AFRICA FORKLIFT TRUCK MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

The global forklift truck market was valued at $71090.29 million in 2022 and is expected to reach $130750.69 million by 2032, growing at a CAGR of 6.60% during the forecast period.

Yes, the market study has also analyzed the impact of COVID-19 on the global forklift truck market qualitatively as well as quantitatively.

Asia-Pacific is the fastest-growing region in the global forklift truck market.

Retail & e-commerce is the largest end-user in the global forklift truck market.