Forklift Trucks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

As of 2024, the global forklift truck market is valued at an impressive $62.16 billion, driven by the ever-growing demands of modern supply chains. Projections indicate robust growth, with expectations soaring to $106.5 billion by 2031, reflecting a formidable compound annual growth rate (CAGR) of 8.0%. This growth trajectory underscores not only the increasing reliance on efficient material handling solutions but also the evolving technological advancements in electric vehicle integration within industrial settings.

Key Market Dynamics

The global forklift trucks market is witnessing rapid growth, driven by the surge in e-commerce and the increasing need for efficient material handling solutions in warehouses. The market is categorized into electric-powered and internal combustion (IC) engine-based forklift trucks. Electric forklifts are becoming increasingly popular due to their environmental benefits, including zero emissions and quieter operations. These forklifts can handle almost all tasks performed by IC forklifts, making them suitable for both indoor and outdoor applications.

Technological Innovations and Market Adoption

Technological advancements are significantly propelling the growth of the forklift trucks market. Electric-powered forklifts, in particular, have undergone substantial innovation, enhancing their efficiency and ease of maintenance. These forklifts are becoming more prevalent in developed regions where stringent emission standards and environmental concerns promote the adoption of cleaner technologies. In contrast, IC-engine forklift trucks remain favored in developing markets due to their robust performance and lower upfront costs.

COVID-19 Impact on the Forklift Trucks Market

The COVID-19 pandemic adversely affected industrial activities worldwide, disrupting sales and supply chains. However, the market saw a V-shaped recovery, with strong growth resuming in 2021. Increased investments from both governmental and private sectors, coupled with technological advancements, are expected to further drive market growth.

Electric Forklift Trucks: Leading the Future of Material Handling

Electric forklift trucks are anticipated to experience the fastest growth, thanks to their numerous advantages. These benefits include reduced noise, no emissions, and the capability to perform nearly all tasks that IC forklifts can. The growing demand for warehouse space, driven by the rise of e-commerce activities, is also fueling the market for electric forklifts. These forklifts enhance inventory organization, saving time and space.

Challenges and Constraints

Despite the optimistic growth outlook, the forklift trucks market faces several challenges. Electric forklifts may not perform optimally in heavy-duty or moist environments. Additionally, the initial investment for electric forklifts is substantial, and maintaining the batteries, including cleaning and charging, can be labor-intensive. IC-engine forklifts, while powerful, may not be ideal for indoor use without costly emission control equipment and proper ventilation.

Regional Market Insights

The United States holds a substantial share of the global forklift trucks market, driven by the presence of major industry players and high demand from end-users. China's market is also set for robust growth, with an expected rise in the use of medium- and high-end IC forklifts and electric and new energy forklifts.

Product and Technology Trends

The counterbalance category leads the global forklift truck market by product type, owing to its stability and capacity to handle heavy goods efficiently. Electric motor forklift trucks are projected to dominate the market in terms of technology, thanks to their long battery life, environmental benefits, and quieter operation.

Opportunities for Manufacturers

The expanding industrial and construction sectors present significant opportunities for forklift truck manufacturers. The demand for forklift trucks in the manufacturing sector is rising, driven by the need for efficient material handling solutions. Additionally, the market for alternative energy forklifts, such as those powered by hydrogen, is gaining traction, offering further growth prospects for manufacturers.

Competitive Analysis

The global forklift truck market is highly competitive, with numerous manufacturers vying for market dominance. Major companies have adopted various growth strategies, including acquisitions, mergers, and collaborations, to enhance their market share. Recent developments include the acquisition of A D Lift Truck by Wolter Group LLC and the acquisition of Hoist Lift truck manufacturing by Toyota Industries North America.

Key Segments Covered in Forklift Trucks Industry Research

By Product Type:

Counterbalance Forklift Trucks
Warehouse Forklift Trucks

By Technology:

Electric Motor Forklift Trucks
IC Engine Forklift Trucks

By Class:

Class 1 Forklift Trucks
Class 2 Forklift Trucks
Class 3 Forklift Trucks
Class 4&5 Forklift Trucks

By Region:

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

1. Executive Summary

1.1. Global Forklift Trucks Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Economic Overview
- 2.6.1. World Economic Projections
2.7. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Forklift Trucks Production Output, by Region, Value (US$ Bn) and Volume (Million Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Forklift Trucks Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Forklift Trucks Market Outlook, 2018 - 2031

5.1. Global Forklift Trucks Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Counterbalance Forklift Trucks
  - 5.1.1.2. Warehouse Forklift Trucks
5.2. Global Forklift Trucks Market Outlook, by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Electric Motor Forklift Trucks
  - 5.2.1.2. IC Engine Forklift Trucks
5.3. Global Forklift Trucks Market Outlook, by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Class 1 Forklift Trucks
  - 5.3.1.2. Class 2 Forklift Trucks
  - 5.3.1.3. Class 3 Forklift Trucks
  - 5.3.1.4. Class 4&5 Forklift Trucks
5.4. Global Forklift Trucks Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa

6. North America Forklift Trucks Market Outlook, 2018 - 2031

6.1. North America Forklift Trucks Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Counterbalance Forklift Trucks
  - 6.1.1.2. Warehouse Forklift Trucks
6.2. North America Forklift Trucks Market Outlook, by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Electric Motor Forklift Trucks
  - 6.2.1.2. IC Engine Forklift Trucks
6.3. North America Forklift Trucks Market Outlook, by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Class 1 Forklift Trucks
  - 6.3.1.2. Class 2 Forklift Trucks
  - 6.3.1.3. Class 3 Forklift Trucks
  - 6.3.1.4. Class 4&5 Forklift Trucks
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. North America Forklift Trucks Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S. Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.4.1.2. U.S. Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.4.1.3. U.S. Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.4.1.4. Canada Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.4.1.5. Canada Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.4.1.6. Canada Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Forklift Trucks Market Outlook, 2018 - 2031

7.1. Europe Forklift Trucks Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Counterbalance Forklift Trucks
  - 7.1.1.2. Warehouse Forklift Trucks
7.2. Europe Forklift Trucks Market Outlook, by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Electric Motor Forklift Trucks
  - 7.2.1.2. IC Engine Forklift Trucks
7.3. Europe Forklift Trucks Market Outlook, by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Class 1 Forklift Trucks
  - 7.3.1.2. Class 2 Forklift Trucks
  - 7.3.1.3. Class 3 Forklift Trucks
  - 7.3.1.4. Class 4&5 Forklift Trucks
- 7.3.2. Attractiveness Analysis
7.4. Europe Forklift Trucks Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.2. Germany Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.3. Germany Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.4. U.K. Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.5. U.K. Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.6. U.K. Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.7. France Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.8. France Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.9. France Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.10. Italy Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.11. Italy Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.12. Italy Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.13. Turkey Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.14. Turkey Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.15. Turkey Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.16. Russia Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.17. Russia Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.18. Russia Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.19. Rest of Europe Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.20. Rest of Europe Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.4.1.21. Rest of Europe Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Forklift Trucks Market Outlook, 2018 - 2031

8.1. Asia Pacific Forklift Trucks Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Counterbalance Forklift Trucks
  - 8.1.1.2. Warehouse Forklift Trucks
8.2. Asia Pacific Forklift Trucks Market Outlook, by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Electric Motor Forklift Trucks
  - 8.2.1.2. IC Engine Forklift Trucks
8.3. Asia Pacific Forklift Trucks Market Outlook, by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Class 1 Forklift Trucks
  - 8.3.1.2. Class 2 Forklift Trucks
  - 8.3.1.3. Class 3 Forklift Trucks
  - 8.3.1.4. Class 4&5 Forklift Trucks
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Asia Pacific Forklift Trucks Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. China Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.2. China Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.3. China Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.4. Japan Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.5. Japan Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.6. Japan Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.7. South Korea Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.8. South Korea Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.9. South Korea Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.10. India Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.11. India Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.12. India Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.13. Southeast Asia Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.14. Southeast Asia Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.15. Southeast Asia Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.16. Rest of Asia Pacific Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.17. Rest of Asia Pacific Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.4.1.18. Rest of Asia Pacific Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Forklift Trucks Market Outlook, 2018 - 2031

9.1. Latin America Forklift Trucks Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Counterbalance Forklift Trucks
  - 9.1.1.2. Warehouse Forklift Trucks
9.2. Latin America Forklift Trucks Market Outlook, by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
9.3. Latin America Forklift Trucks Market Outlook, by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Class 1 Forklift Trucks
  - 9.3.1.2. Class 2 Forklift Trucks
  - 9.3.1.3. Class 3 Forklift Trucks
  - 9.3.1.4. Class 4&5 Forklift Trucks
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
9.4. Latin America Forklift Trucks Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.2. Brazil Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.3. Brazil Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.4. Mexico Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.5. Mexico Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.6. Mexico Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.7. Argentina Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.8. Argentina Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.9. Argentina Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.10. Rest of Latin America Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.11. Rest of Latin America Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.4.1.12. Rest of Latin America Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Forklift Trucks Market Outlook, 2018 - 2031

10.1. Middle East & Africa Forklift Trucks Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Counterbalance Forklift Trucks
  - 10.1.1.2. Warehouse Forklift Trucks
10.2. Middle East & Africa Forklift Trucks Market Outlook, by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Electric Motor Forklift Trucks
  - 10.2.1.2. IC Engine Forklift Trucks
10.3. Middle East & Africa Forklift Trucks Market Outlook, by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. Class 1 Forklift Trucks
  - 10.3.1.2. Class 2 Forklift Trucks
  - 10.3.1.3. Class 3 Forklift Trucks
  - 10.3.1.4. Class 4&5 Forklift Trucks
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
10.4. Middle East & Africa Forklift Trucks Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.2. GCC Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.3. GCC Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.4. South Africa Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.5. South Africa Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.6. South Africa Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.7. Egypt Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.8. Egypt Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.9. Egypt Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.10. Nigeria Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.11. Nigeria Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.12. Nigeria Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.13. Rest of Middle East & Africa Forklift Trucks Market by Product Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.14. Rest of Middle East & Africa Forklift Trucks Market by Technology Type, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.4.1.15. Rest of Middle East & Africa Forklift Trucks Market by Class, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2023
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Sumitomo Heavy Industries, Ltd.
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Toyota Material Handling
  - 11.3.2.1. Company Overview
  - 11.3.2.2. Product Portfolio
  - 11.3.2.3. Financial Overview
  - 11.3.2.4. Business Strategies and Development
- 11.3.3. BYD
  - 11.3.3.1. Company Overview
  - 11.3.3.2. Product Portfolio
  - 11.3.3.3. Financial Overview
  - 11.3.3.4. Business Strategies and Development
- 11.3.4. Manitou Group
  - 11.3.4.1. Company Overview
  - 11.3.4.2. Product Portfolio
  - 11.3.4.3. Financial Overview
  - 11.3.4.4. Business Strategies and Development
- 11.3.5. Kalmar (Cargotec Finland Oy)
  - 11.3.5.1. Company Overview
  - 11.3.5.2. Product Portfolio
  - 11.3.5.3. Financial Overview
  - 11.3.5.4. Business Strategies and Development
- 11.3.6. V. Mariotti S.r.l.
  - 11.3.6.1. Company Overview
  - 11.3.6.2. Product Portfolio
  - 11.3.6.3. Financial Overview
  - 11.3.6.4. Business Strategies and Development
- 11.3.7. Doosan Corporation (Industrial Vehicle)
  - 11.3.7.1. Company Overview
  - 11.3.7.2. Product Portfolio
  - 11.3.7.3. Financial Overview
  - 11.3.7.4. Business Strategies and Development
- 11.3.8. Kion Group AG
  - 11.3.8.1. Company Overview
  - 11.3.8.2. Product Portfolio
  - 11.3.8.3. Financial Overview
  - 11.3.8.4. Business Strategies and Development
- 11.3.9. Jungheinrich AG
  - 11.3.9.1. Company Overview
  - 11.3.9.2. Product Portfolio
  - 11.3.9.3. Financial Overview
  - 11.3.9.4. Business Strategies and Development
- 11.3.10. Others
  - 11.3.10.1. Company Overview
  - 11.3.10.2. Product Portfolio
  - 11.3.10.3. Financial Overview
  - 11.3.10.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations