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Global forklift truck market explored in latest research

Automotive and Transportation Market Research

The global forklift truck market is projected to reach USD 56.8 billion by 2024.

According to Goldstein Research, rising e-commerce businesses have necessitated the larger logistic sites and more proficient logistic operations have significantly provoked the demand for automated and intelligent forklift trucks. Global forklift truck market Make an Inquiry about this news segmentation includes fuel types such diesel, gasoline, electric/hybrid.

Moreover, manufacturers of materials handling equipment are aiming towards the advancement of equipment with high performance owing to growing need for fuel efficiency and green technology based vehicles. According to our analysts“ expansion of logistics industry and economic growth” driven by emerging economies have led to increasing in logistics volume, which will significantly propel the growth of this industry especially in emerging countries.

Market Segmentation

On the basis of our in-depth analysis, Global Forklift Trucks Market can be segmented as follows:

  • By Product Type
  • o Class I (Electric Motor Rider Trucks)
  • o Class II (Electric Motor Narrow Aisle Trucks)
  • o Class III (Hand Rider Trucks)
  • o Class IV (IC Engine Trucks, solid/Cushion Tires)
  • o Class V (IC Engine Trucks, Pneumatic Tires)
  • o Class VI (Electric and IC Engine Tractors)
  • o Class VII (Rough Terrain Forklift Trucks)
  • By Fuel Type
  • o Diesel
  • o Gasoline
  • o Electric/Hybrid
  • By End Users
  • o Retail Sector
  • o Transportation & Logistics
  • o Automotive Sector
  • o Manufacturing Sector
  • o Food and Beverages
  • o Others (Wood Industry, Paper Industry, etc)
  • By Geography
  • o North America (US, Canada) {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)}}
  • o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion),Product Sale (Million Unit)}}
  • o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion),Product Sale (Million Unit)}}
  • o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion),Product Sale (Million Unit)}}
  • o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion),Product Sale (Million Unit)} }
  • o Rest of the World {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)}


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“Global Forklift Truck Market Outlook 2024contains detailed overview of the global forklift truck market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, by fuel type, and by end users.

Further, for the in-depth analysis, Forklift Truck Industry encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Toyota Industries Corporation, Mitsubishi Nichiyu Forklift Co.

Ltd., HeLi Co. Ltd., Kion Group AG, Jungheinrich AG, Anhui Forklift Group Co. Ltd., UniCarriers, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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