Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the forklift truck market.
In the coming years there is an increasing demand for Forklift in the regions of Asia that is expected to drive the market for more advanced Forklift. Growth in government budgets in the principal countries, increasing of warehouse expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, Increasing adoption of Forklift will drive growth in Asia markets.
The Forklift industry market is concentrated as the manufacturing technology of Forklift is relatively matures than some high-tech equipment. And some enterprises, like Heli, Hangcha, Toyota, Kion, etc. are well-known for the wonderful performance of their Forklift and related services. At the same time, China is remarkable in the Malaysia, Singapore, Vietnam, and China Forklift industry because of the lowest cost of raw material and labor.
The consumption volume of Forklift is related to downstream industries and Malaysia, Singapore, Vietnam, and China economy. As there will always be some uncertain in the Malaysia, Singapore, Vietnam, and China economy in the following years, the growth rate of Forklift industry may not keep that fast. But it is surely forecasted that the market of Forklift is still promising.
The Forklift market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Forklift.
This report presents the worldwide Forklift market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Forklift Breakdown Data by Type
Internal Combustion Forklift
Fuel Cells Forklift
Forklift Breakdown Data by Application
Forklift Production by Region
Forklift Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Forklift status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Forklift manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Forklift :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Forklift market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.