Forklift Truck Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The Forklift Truck Market size is expected to grow at an annual average of 6% during 2021-2027. Forklifts are powerful, heavy duty electric forklifts are widely used for lifting and moving heavy materials such as container goods, boxes and other such components over short distances. These trucks are primarily used in shipyards, warehousing and recycling operations to load and unload goods from vehicles or to move packaged goods around storage areas. Also, forklifts are usually powered by electric batteries or internal combustion engines. In addition, forklifts are classified into various grades such as type 1, type 2, type 3, and type 4 according to weight and specifications. It can also be used with various attachments such as platforms and grippers for efficient cargo handling and reduced operating costs.

The following segmentation are covered in this report:

By Power Source

• IC Engine Powered
• Electric Powered

By End Use

• Retail & Wholesale
• Logistics
• Automotive
• Food Industry
• Others

By Class

• Class 1
• Class 2
• Class 3
• Class 4
• Class 5
• Others

Company Profile

• CROWN EQUIPMENT CORPORATION
• EP EQUIPMENT
• HANGCHA
• HYSTER-YALE MATERIALS HANDLING, INC
• JUNGHEINRICH AG
• KION GROUP AG
• KOMATSU LTD
• LONKING MACHINERY CO., LTD
• MITSUBISHI LOGISNEXT CO., LTD
• TOYOTA INDUSTRIES CORPORATION

Scope of the report

The research study analyses the Forklift Truck Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North america market size and/or volume
• Latin america market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Forklift Truck Market Report

• What was the Forklift Truck Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
• What will be the CAGR of Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Forklift Truck Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.