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Forklift Market Report


Forklift Market, by Product (Counterbalance, Warehouse), End User (Chemical, Food & beverage, Industrial, Logistics, Retail & E-commerce, Others), Fuel Type (Diesel, Battery-electric, Gasoline & LPG/CNG), Class (Class I, Class II, Class III, Class IV, Class V): Global Opportunity Analysis and Industry Forecast, 2020-2027


Pages: 170

Feb 2021


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The global forklift market is estimated to surpass $19,453.5 million by 2027, exhibiting a CAGR of 1.8% from 2020 to 2027.

The research report offers a comprehensive analysis of the global forklift market with thorough study of various facets of the market such as market dynamics, key segments, major regions, prominent players, and competitive landscape.

The report offers a clearer picture of the current market scenario and future trends of the global forklift market based on impact of several market dynamics and vital forces impelling the market. The market dynamics acknowledges the drivers and opportunities that are the major contributors for the global forklift market growth. Moreover, the report includes restraints and challenges that hold potential to hinder the market growth. Furthermore, the report delivers Porter’s five forces analysis, which specifically highlights the effects of key forces on the global forklift market.

The report provides the global forklift market size and estimations, which are analyzed through various segments. Besides, the regional market analysis of these segments is included in the report. Each segment evoked in the report is studied at regional as well as country level to provide broad coverage of global forklift market. The report divides the global forklift market into four major regions or geographies including North America, Europe, Asia-Pacific, and LAMEA. These regions are further sub-divided into countries to cover forklift market landscape across respective regions.

Additionally, the competitive scenario of the global forklift market is covered in the report. The report further studies the major players operating in the global forklift market to understand their competitive strengths and current position in the market. The report outlines 10 key companies. Also, the company profiles covered in the report include various data-points such as company overview, financial performance, company executives, major growth strategies adopted by company, new advancements and initiatives by the company to sustain and strengthen their position in the global forklift market, and others.

Research Methodology

We at Research Dive offer our clients complete research and analysis based on a wide-ranging variety of factual inputs, which typically includes regional acumen, reliable statistics, and interviews of industry participants. An impactful role is played by the in-house market experts to design analytic models and tools that are personalized to the requirements of an industry segment. These analytical models & tools sterilize the data & statistics and enhance the accuracy of our recommendations and advice.

For completion of this research study, interviews and long hours of discussions have been conducted with a broad range of stakeholders including upstream as well as downstream participants. A number of annual reports, product type literatures, industry releases, and other associated documents of major industry contributors have been analyzed & reviewed to get a broader and better understanding of the market. We at Research Dive have effected a mix of primary and secondary research for the market forecasts and estimations. The initial phase of our detailed research report is formulated by secondary research, where we conduct data mining at a broader range by referring to certified data sources such as independent studies, technical journals, trade association’s releases, medical journals, and materials published by regulatory, and government authorities.


  • The report offers market size and estimation for the forecast period from 2020 to 2027
  • The report highlights recent trends, new developments, innovations, and qualitative & quantitative analysis of the forklift market over the forecast period
  • This report provides the prevailing and forthcoming opportunities along with the strategic assessment of the global forklift market growth
  • The market size and estimations entailed in the report are based on a comprehensive analysis of market drivers, challenges, restraints, and key innovations in the forklift market
  • The report offers information on leading market players, top winning business strategies, and Porter’s Five Analysis
  • The initiatives and development plans undertaken by government bodies and the top market players are included in the report to understand the competitive scenario of the global forklift market


The report segments the global market into product ,end user ,fuel type ,class .

  • Product: Counterbalance, Warehouse
  • End User: Chemical, Food & beverage, Industrial, Logistics, Retail & E-commerce, Others
  • Fuel Type: Diesel, Battery-electric, Gasoline & LPG/CNG
  • Class: Class I, Class II, Class III, Class IV, Class V

Geographically, the report evaluates the global market across North America, Europe, Asia Pacific, and LAMEA.

  • The North American countries explored in the report are the U.S., Canada, and Mexico
  • The European countries explored in the report are Germany, the U.K., France, Spain, Italy, and Rest of Europe
  • The Asian countries explored in the report are Japan, China, India, Australia, and Rest of Asia-Pacific
  • The countries in LAMEA explored in the report are Brazil, Saudi Arabia, South Africa, South Korea, and Rest of LAMEA


The report covers the leading players operating in the global forklift market that focus on geographical expansion and advancements & innovations to obtain a competitive edge in the global market space. The prominent players enlisted in the report include Godrej and Boyce Group, Komatsu Ltd., Lonking Forklift Co., Ltd., Toyota Industries Corporation …., and others.

The report summarizes various aspects of all these key players that include the following:

    1. Anhui Heli Co., Ltd.

    2. Clark Material Handling Company

    3. Crown Equipment Corporation

    4. Combilift Ltd.

    5. Doosan Industrial Vehicle America Corp.

    6. Godrej and Boyce Group

    7. Hangcha Group Co., Ltd.

    8. Hyster-Yale Materials Handling, Inc.

    9. Hubtex Maschinenbau GmbH & Co. KG

    10. Hyundai Heavy Industries Co., Ltd.

    11. Jungheinrich AG

    12. Kion Group AG

    13. Komatsu Ltd.

    14. Konecranes

    15. Lonking Forklift Co., Ltd.

    16. Manitou Group

    17. Mitsubishi Nichiyu Forklift Co., Ltd.

    18. Paletrans Equipment

    19. Toyota Industries Corporation

Research Methodology

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