Forklift Trucks Market 2022, Industry Share, Growth, Demand, Segmentation and Forecast To 2031

Forklift Trucks Market 2022- Report Scope

Forklift trucks are a type of industrial vehicle used to move heavy loads by lifting them with a fork-like arm. Forklift trucks are widely used in warehouses and other industrial settings where the need arises to move large or heavy objects. Forklift truck manufacturers offer a wide variety of vehicles to meet the needs of their customers, including both electric and internal combustion engine powered trucks. The global market for forklift trucks is expected to grow at a steady pace in the coming years as the demand for these vehicles continues to increase around the world.

The global forklift trucks market is currently valued at over US$ 51 Bn. Sales of forklift trucks are projected to increase at 7.4% CAGR and be valued at close to US$ 104 Bn by 2031. Persistence Market Research recently published a report on the forklift trucks market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the forklift trucks market will grow over the forecast period.

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The study is relevant for stakeholders as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the forklift trucks market can leverage the information and statistics presented in this research report.

The report includes facts & figures related to the micro as well as macroeconomic factors that are impacting the growth of the market. The study also offers actionable insights based on the future trends in the market. Furthermore, regional players and new entrants in the forklift trucks market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Players- 

  • Sumitomo Heavy Industries, Ltd.
  • Toyota Material Handling
  • BYD
  • Manitou Group
  • Kalmar (Cargotec Finland Oy)
  • V. Mariotti S.r.l.
  • Doosan Corporation (Industrial Vehicle)
  • Kion Group AG
  • Jungheinrich AG and more


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Research Methodology

In Persistence Market Research’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the forklift trucks market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.

Secondary resources are referred by analysts during the evaluation of the forklift trucks market study, which comprise facts and figures from white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers to provide insightful information.

Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the forklift trucks market to make Persistence Market Research’s projections on the growth prospects of the market more accurate and reliable.

Key Segments of Market

Persistence Market Research’s study on the forklift trucks market is divided into four significant segments – product type, technology, class, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

By Product Type

  • Counterbalance
  • Warehouse

By Technology

  • Electric Motors
  • IC Engines

By Class

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

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Key Questions Answered in Report

Which country is anticipated to hold a prominent market share over the forecast period?

What will be the key driving factors propelling the demand for forklift trucks during the forecast period?

How current trends will impact the forklift trucks market?

Who are significant market participants in the forklift trucks industry?

What are the crucial strategies of prominent players to upscale their positions in this landscape?

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