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PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1567935

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PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1567935

Forklift Market Assessment, By Type, By Capacity, By Class, By Operation, By Propulsion, By Battery, By End-user Industry, By Region, Opportunities and Forecast, 2017-2031F

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Description

Table of Contents

List of Tables

Global forklift market is projected to witness a CAGR of 6.52% during the forecast period 2024-2031, growing from USD 85.95 billion in 2023 to USD 142.46 billion in 2031. The market is experiencing major trends in adopting the latest technologies. The increasing focus on cost-effectiveness and environmental sustainability is fueling the growth of electric forklifts. Due to advancements in battery technology such as lithium-ion, electric engines are gradually replacing traditional internal combustion engines, leading to the growth of electric forklifts. Furthermore, automation is projected to undoubtedly play a role in the future of forklifts. Autonomous forklifts with sophisticated control systems, cameras, and sensors are becoming a must in warehouses. The need for constant human interaction is decreased by machines' ability to pick up and drop off cargo, navigate aisles, and even communicate with other pieces of machinery.

Industries such as e-commerce, automotive, and food and beverages are benefitting from the integration of IoT and hence are enabling the real-time monitoring of machine performance. IoT systems provide invaluable data for preventive maintenance and optimizing fleet management. A higher focus on safety is a part of the forklift innovation. Companies adopt various measures to ensure cutting-edge safety, such as systems that prevent a collision, sensors that detect nearby objects, and cameras that allow visibility. These safety updates are expected to protect the drivers while securing the products being moved, saving human life and resources.

For instance, in September 2023, Toyota Material Handling Group (Toyota Industries Corporation) launched its new line of electric pneumatic forklifts with 48V and 80V models. These models come with Toyota's Operator Presence Sensing System (OPSS) and the optional Seatbelt Interlock, which encourages operators to maintain a seated position with seatbelt buckled. This range is perfect for retail applications, including landscaping, home centers, lumberyards, and shop support applications, as it is made to resist outside terrain and operate in a variety of weather conditions.

Expanded Warehouses and Aviation Supply Chains are Expected to Propel Market Growth

In these exponentially exploding e-commerce purchasing trends, there has been a surge in the requirements for significant warehouse facilities. Companies such as Amazon and Alibaba invest in their fulfillment centers that require sophisticated material handling solutions, such as forklifts, to manage large volumes of inventory. Hence, companies are adopting new lines of forklifts to fasten operations.

For instance, in April 2024, Walmart Inc. collaborated with Fox Robotics technology and brought autonomous forklifts to 4 distribution centers. The technology is going to be deployed in Florida, Texas, New York, and Alabama after a 16-month pilot period. The FoxBot autonomous forklift uses AI-powered machine vision and plans to unload pallets from a truck.

In the aviation industry, huge logistics operations ensure effective and timely delivery of parts and products. Increased aviation logistics operations, cargo handling facilities, etc., entail a need for more forklifts to perform the operations effectively. Both industries are using just-in-time strategies to decrease inventory costs. For this purpose, the efficiency of forklifts should be improved to increase the handing over and moving speed of products in the warehouses. In most cross-docking operations, e-commerce and aviation sectors increase the speed of movement of commodities. Products get transferred between the incoming and outgoing transportation. For their smooth logistics operation and speedy working, logistics demand for efficient and speedy forklifts is rising, leading to market growth.

Automation and Integration of Robotics to Shape Market Dynamics

Automation has influenced major industries through autonomous functionalities and easy operations. The forklift market has evolved through the adoption of automated systems and sensory technology. Amalgamation has given birth to automated guided vehicles (AGVs), forklifts that work with navigation systems to carry goods without human intervention. It relies on lasers, sensors, and cameras, along with magnetic tape, to ensure smooth routing within the warehouse. Through AGVs, warehouse operations can be enhanced as frequent work, such as shifting materials from one place to another, is automated and reduces the time and labor in managing materials.

Advanced robotics is leading to the development of robotic forklifts that can autonomously perform complex tasks, including pallet loading and unloading. These robotic systems can work in diverse environments, adapting to different warehouse layouts and handling various types of goods, thus increasing productivity and minimizing errors. Companies are experimenting with robotic forklifts to enhance productivity without major human intervention.

For example, in August 2024, Hangzhou Hikrobot Co. Ltd. launched the latest forklift Mobile Robot, QF-1000. The forklift is capable of carrying pallet loads directly as it includes prongs in addition to a chassis. This robot is suitable for many types of carriers and can be employed in low-floor load-bearing scenarios as it weighs less than the typical forklifts.

Higher Efficiency and Climate Benefits Make Electric Propulsion the Fastest Growing Segment

Based on propulsion, the electric propulsion segment is the fastest growing in the global forklift market. Increased environmental concerns and sustainability, along with cost efficiency, are expected to fuel segmental growth during the forecast period. Stricter regulations on emissions have compelled companies to adopt electric forklifts that do not emit hazardous wastes during operation. Additionally, many businesses consider working with sustainability in their operational activities; thus, many invest more in equipment that is environmentally friendly to use, such as electric forklifts. The electric forklifts are transformed through the addition of lithium-ion battery usage. Companies develop their battery recycling line to further power their forklifts.

For instance, in September 2023, Kion Group partnered with Li-Cycle to recycle lithium lift truck batteries in Europe. The goal is for the Li-Cycle recycling facility in Magdeburg, Germany, to handle up to 5,000 tons of end-of-life battery material professionally and sustainably by 2030.

Running an electric forklift tends to cost less than that of a basic internal combustion engine. They are cheaper to run as they have fewer parts to replace, saving at the pump as electricity is less expensive compared to using gasoline or diesel. An electric forklift consumes less power, which means its utilization in the long term would increase its savings on consumption and use.

Asia-Pacific to Dominate Forklift Market Share

Based on region, Asia-Pacific leads the share of the global forklift market in terms of revenue. The rapidly growing e-commerce sector in the region, with the presence of Alibaba, Flipkart, and Amazon, is increasing the role of warehouse technologies. Hence, it reflects on the usage of forklifts and other logistic technologies. E-commerce giants, such as Alibaba and Amazon, have established more fulfillment centers to meet growing consumer demand, and the need for efficient material handling solutions, including forklifts, has surged. Advanced logistics systems often integrate automated forklifts and robotics, optimizing warehouse operations and further increasing demand for sophisticated material handling equipment. Forklift manufacturers are increasing their presence in emerging economies such as China and India.

For instance, in March 2023, Jungheinrich AG opened a new integrated facility in Bhiwandi, India. The building comprises workshops, warehouses, electric forklifts, and warehouse equipment training centers. The company hopes to address the growing demand in the Indian market for innovative logistics solutions with this expansion. Additionally, it intends to launch AGVS and other cutting-edge automation technologies in the Indian market.

Future Market Scenario (2024 - 2031F)

AGVs are expected to become more prevalent, enabling fully automated material handling processes in warehouses. These vehicles will enhance efficiency, reduce labor costs, and minimize human error.

Forklifts equipped with IoT sensors are anticipated to deliver real-time data on performance, usage, and maintenance needs. This connectivity is going to help with predictive maintenance, reducing downtime, and enhancing operational efficiency.

The adoption of lithium-ion batteries is expected to grow, offering longer operational times, faster charging, and reduced maintenance compared to traditional lead-acid batteries. This shift will make electric forklifts more viable for high-demand operations.

Key Players Landscape and Outlook

Key players in the global forklift market are employing a variety of strategic approaches to maintain competitiveness and drive growth. These strategies include investing heavily in research and development to innovate advanced technologies, such as electric and automated forklifts, which cater to the increasing demand for sustainable and efficient material handling solutions. Strategic partnerships and collaborations with e-commerce giants and logistics companies are pivotal, allowing manufacturers to better understand customer needs and enhance service offerings. Additionally, key players are expanding their geographical reach, particularly in high-growth regions such as Asia-Pacific, by establishing local production facilities and distribution networks. The electric and autonomous forklifts are going to be at the center stage of competitors' focus.

For instance, in April 2023, the subsidiary of KION Group AG, Linde Material Handling, introduced a range of electric forklift trucks, ranging from X35 to X50, designed for forward-wheel operation. These vehicles have dual permanent magnet-assisted synchronous reluctance motors (SRM+). The load capacity for these electric forklift trucks spans from 3.5 to 5 tons.

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Product Code: MX12067

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Mode of Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Load Capacity
    • 4.3.2. Forklift Type
    • 4.3.3. Mass Height
    • 4.3.4. Fork Size
    • 4.3.5. Turning Radius
    • 4.3.6. Safety Features
  • 4.4. Consideration of Privacy and Regulations

5. Global Forklift Market Outlook, 2017-2031F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Counterbalance Forklift
      • 5.2.1.2. Reach Truck
      • 5.2.1.3. Stacker
      • 5.2.1.4. Pallet Truck
      • 5.2.1.5. Articulated Forklift
      • 5.2.1.6. Others
    • 5.2.2. By Capacity
      • 5.2.2.1. 1 Ton to 2.5 Ton
      • 5.2.2.2. 2.5 Tons to 8 Tons
      • 5.2.2.3. 8 Tons to 16 Tons
      • 5.2.2.4. Above 16 Tons
    • 5.2.3. By Class
      • 5.2.3.1. Class 1
      • 5.2.3.2. Class 2
      • 5.2.3.3. Class 3
      • 5.2.3.4. Class 4
      • 5.2.3.5. Class 5
      • 5.2.3.6. Class 6
    • 5.2.4. By Operation
      • 5.2.4.1. Manual
      • 5.2.4.2. Autonomous
    • 5.2.5. By Propulsion
      • 5.2.5.1. Electric
      • 5.2.5.2. ICE
    • 5.2.6. By Battery
      • 5.2.6.1. Lithium-Ion
      • 5.2.6.2. Lead-Acid
    • 5.2.7. By End-user Industry
      • 5.2.7.1. Food and Beverages
      • 5.2.7.2. Automotive
      • 5.2.7.3. E-commerce
      • 5.2.7.4. Aviation
      • 5.2.7.5. Paper and Pulp
      • 5.2.7.6. Others
    • 5.2.8. By Region
      • 5.2.8.1. North America
      • 5.2.8.2. Europe
      • 5.2.8.3. Asia-Pacific
      • 5.2.8.4. South America
      • 5.2.8.5. Middle East and Africa
    • 5.2.9. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
  • 5.3. Market Map Analysis, 2023
    • 5.3.1. By Type
    • 5.3.2. By Capacity
    • 5.3.3. By Class
    • 5.3.4. By Operation
    • 5.3.5. By Propulsion
    • 5.3.6. By Battery
    • 5.3.7. By End-user Industry
    • 5.3.8. By Region

6. North America Forklift Market Outlook, 2017-2031F*

  • 6.1. Market Size Analysis & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. Market Share Analysis & Forecast
    • 6.2.1. By Type
      • 6.2.1.1. Counterbalance Forklift
      • 6.2.1.2. Reach Truck
      • 6.2.1.3. Stacker
      • 6.2.1.4. Pallet Truck
      • 6.2.1.5. Articulated Forklift
      • 6.2.1.6. Others
    • 6.2.2. By Capacity
      • 6.2.2.1. 1 Ton to 2.5 Ton
      • 6.2.2.2. 2.5 Tons to 8 Tons
      • 6.2.2.3. 8 Tons to 16 Tons
      • 6.2.2.4. Above 16 Tons
    • 6.2.3. By Class
      • 6.2.3.1. Class 1
      • 6.2.3.2. Class 2
      • 6.2.3.3. Class 3
      • 6.2.3.4. Class 4
      • 6.2.3.5. Class 5
      • 6.2.3.6. Class 6
    • 6.2.4. By Operation
      • 6.2.4.1. Manual
      • 6.2.4.2. Autonomous
    • 6.2.5. By Propulsion
      • 6.2.5.1. Electric
      • 6.2.5.2. ICE
    • 6.2.6. By Battery
      • 6.2.6.1. Lithium-Ion
      • 6.2.6.2. Lead-Acid
    • 6.2.7. By End-user Industry
      • 6.2.7.1. Food and Beverages
      • 6.2.7.2. Automotive
      • 6.2.7.3. E-commerce
      • 6.2.7.4. Aviation
      • 6.2.7.5. Paper and Pulp
      • 6.2.7.6. Others
    • 6.2.8. By Country Share
      • 6.2.8.1. United States
      • 6.2.8.2. Canada
      • 6.2.8.3. Mexico
  • 6.3. Country Market Assessment
    • 6.3.1. United States Forklift market Outlook, 2017-2031F*
      • 6.3.1.1. Market Size Analysis & Forecast
        • 6.3.1.1.1. By Value
        • 6.3.1.1.2. By Volume
      • 6.3.1.2. Market Share Analysis & Forecast
        • 6.3.1.2.1. By Type
          • 6.3.1.2.1.1. Counterbalance Forklift
          • 6.3.1.2.1.2. Reach Truck
          • 6.3.1.2.1.3. Stacker
          • 6.3.1.2.1.4. Pallet Truck
          • 6.3.1.2.1.5. Articulated Forklift
          • 6.3.1.2.1.6. Others
        • 6.3.1.2.2. By Capacity
          • 6.3.1.2.2.1. 1 Ton to 2.5 Ton
          • 6.3.1.2.2.2. 2.5 Tons to 8 Tons
          • 6.3.1.2.2.3. 8 Tons to 16 Tons
          • 6.3.1.2.2.4. Above 16 Tons
        • 6.3.1.2.3. By Class
          • 6.3.1.2.3.1. Class 1
          • 6.3.1.2.3.2. Class 2
          • 6.3.1.2.3.3. Class 3
          • 6.3.1.2.3.4. Class 4
          • 6.3.1.2.3.5. Class 5
          • 6.3.1.2.3.6. Class 6
        • 6.3.1.2.4. By Operation
          • 6.3.1.2.4.1. Manual
          • 6.3.1.2.4.2. Autonomous
        • 6.3.1.2.5. By Propulsion
          • 6.3.1.2.5.1. Electric
          • 6.3.1.2.5.2. ICE
        • 6.3.1.2.6. By Battery
          • 6.3.1.2.6.1. Lithium-Ion
          • 6.3.1.2.6.2. Lead-Acid
        • 6.3.1.2.7. By End-user Industry
          • 6.3.1.2.7.1. Food and Beverages
          • 6.3.1.2.7.2. Automotive
          • 6.3.1.2.7.3. E-commerce
          • 6.3.1.2.7.4. Aviation
          • 6.3.1.2.7.5. Paper and Pulp
          • 6.3.1.2.7.6. Others
    • 6.3.2. Canada
    • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Forklift Market Outlook, 2017-2031F

  • 7.1. Germany
  • 7.2. France
  • 7.3. Italy
  • 7.4. United Kingdom
  • 7.5. Russia
  • 7.6. Netherlands
  • 7.7. Spain
  • 7.8. Turkey
  • 7.9. Poland

8. Asia-Pacific Forklift Market Outlook, 2017-2031F

  • 8.1. India
  • 8.2. China
  • 8.3. Japan
  • 8.4. Australia
  • 8.5. Vietnam
  • 8.6. South Korea
  • 8.7. Indonesia
  • 8.8. Philippines

9. South America Forklift Market Outlook, 2017-2031F

  • 9.1. Brazil
  • 9.2. Argentina

10. Middle East and Africa Forklift Market Outlook, 2017-2031F

  • 10.1. Saudi Arabia
  • 10.2. UAE
  • 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

  • 17.1. Market Drivers
  • 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

  • 20.1. Competition Matrix of Top 5 Market Leaders
  • 20.2. SWOT Analysis for Top 5 Players
  • 20.3. Key Players Landscape for Top 10 Market Players
    • 20.3.1. Toyota Industries Corporation
      • 20.3.1.1. Company Details
      • 20.3.1.2. Key Management Personnel
      • 20.3.1.3. Products and Services
      • 20.3.1.4. Financials (As Reported)
      • 20.3.1.5. Key Market Focus and Geographical Presence
      • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 20.3.2. KION Group AG
    • 20.3.3. Jungheinrich AG
    • 20.3.4. Mitsubishi Logisnext Co. Ltd.
    • 20.3.5. Crown Equipment Corporation
    • 20.3.6. Hyster-Yale Materials Handling, Inc.
    • 20.3.7. Doosan Bobcat Inc.
    • 20.3.8. Anhui Forklift Truck Group Co., Ltd.
    • 20.3.9. Hangcha Group Co., Ltd.
    • 20.3.10. Komatsu Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer

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Product Code: MX12067

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 2. Global Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 3. Global Forklift Market Share (%), By Type, 2017-2031F
  • Figure 4. Global Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 5. Global Forklift Market Share (%), By Class, 2017-2031F
  • Figure 6. Global Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 7. Global Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 8. Global Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 9. Global Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 10. Global Forklift Market Share (%), By Region, 2017-2031F
  • Figure 11. North America Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 12. North America Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 13. North America Forklift Market Share (%), By Type, 2017-2031F
  • Figure 14. North America Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 15. North America Forklift Market Share (%), By Class, 2017-2031F
  • Figure 16. North America Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 17. North America Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 18. North America Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 19. North America Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 20. North America Forklift Market Share (%), By Country, 2017-2031F
  • Figure 21. United States Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 22. United States Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 23. United States Forklift Market Share (%), By Type, 2017-2031F
  • Figure 24. United States Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 25. United States Forklift Market Share (%), By Class, 2017-2031F
  • Figure 26. United States Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 27. United States Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 28. United States Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 29. United States Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 30. Canada Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 31. Canada Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 32. Canada Forklift Market Share (%), By Type, 2017-2031F
  • Figure 33. Canada Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 34. Canada Forklift Market Share (%), By Class, 2017-2031F
  • Figure 35. Canada Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 36. Canada Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 37. Canada Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 38. Canada Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 39. Mexico Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 40. Mexico Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 41. Mexico Forklift Market Share (%), By Type, 2017-2031F
  • Figure 42. Mexico Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 43. Mexico Forklift Market Share (%), By Class, 2017-2031F
  • Figure 44. Mexico Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 45. Mexico Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 46. Mexico Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 47. Mexico Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 48. Europe Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 49. Europe Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 50. Europe Forklift Market Share (%), By Type, 2017-2031F
  • Figure 51. Europe Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 52. Europe Forklift Market Share (%), By Class, 2017-2031F
  • Figure 53. Europe Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 54. Europe Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 55. Europe Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 56. Europe Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 57. Europe Forklift Market Share (%), By Country, 2017-2031F
  • Figure 58. Germany Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 59. Germany Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 60. Germany Forklift Market Share (%), By Type, 2017-2031F
  • Figure 61. Germany Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 62. Germany Forklift Market Share (%), By Class, 2017-2031F
  • Figure 63. Germany Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 64. Germany Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 65. Germany Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 66. Germany Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 67. France Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 68. France Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 69. France Forklift Market Share (%), By Type, 2017-2031F
  • Figure 70. France Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 71. France Forklift Market Share (%), By Class, 2017-2031F
  • Figure 72. France Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 73. France Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 74. France Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 75. France Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 76. Italy Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 77. Italy Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 78. Italy Forklift Market Share (%), By Type, 2017-2031F
  • Figure 79. Italy Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 80. Italy Forklift Market Share (%), By Class, 2017-2031F
  • Figure 81. Italy Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 82. Italy Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 83. Italy Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 84. Italy Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 85. United Kingdom Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 86. United Kingdom Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 87. United Kingdom Forklift Market Share (%), By Type, 2017-2031F
  • Figure 88. United Kingdom Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 89. United Kingdom Forklift Market Share (%), By Class, 2017-2031F
  • Figure 90. United Kingdom Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 91. United Kingdom Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 92. United Kingdom Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 93. United Kingdom Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 94. Russia Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 95. Russia Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 96. Russia Forklift Market Share (%), By Type, 2017-2031F
  • Figure 97. Russia Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 98. Russia Forklift Market Share (%), By Class, 2017-2031F
  • Figure 99. Russia Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 100. Russia Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 101. Russia Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 102. Russia Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 103. Netherlands Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 104. Netherlands Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 105. Netherlands Forklift Market Share (%), By Type, 2017-2031F
  • Figure 106. Netherlands Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 107. Netherlands Forklift Market Share (%), By Class, 2017-2031F
  • Figure 108. Netherlands Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 109. Netherlands Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 110. Netherlands Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 111. Netherlands Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 112. Spain Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 113. Spain Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 114. Spain Forklift Market Share (%), By Type, 2017-2031F
  • Figure 115. Spain Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 116. Spain Forklift Market Share (%), By Class, 2017-2031F
  • Figure 117. Spain Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 118. Spain Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 119. Spain Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 120. Spain Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 121. Turkey Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 122. Turkey Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 123. Turkey Forklift Market Share (%), By Type, 2017-2031F
  • Figure 124. Turkey Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 125. Turkey Forklift Market Share (%), By Class, 2017-2031F
  • Figure 126. Turkey Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 127. Turkey Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 128. Turkey Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 129. Turkey Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 130. Poland Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 131. Poland Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 132. Poland Forklift Market Share (%), By Type, 2017-2031F
  • Figure 133. Poland Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 134. Poland Forklift Market Share (%), By Class, 2017-2031F
  • Figure 135. Poland Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 136. Poland Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 137. Poland Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 138. Poland Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 139. South America Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 140. South America Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 141. South America Forklift Market Share (%), By Type, 2017-2031F
  • Figure 142. South America Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 143. South America Forklift Market Share (%), By Class, 2017-2031F
  • Figure 144. South America Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 145. South America Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 146. South America Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 147. South America Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 148. South America Forklift Market Share (%), By Country, 2017-2031F
  • Figure 149. Brazil Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 150. Brazil Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 151. Brazil Forklift Market Share (%), By Type, 2017-2031F
  • Figure 152. Brazil Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 153. Brazil Forklift Market Share (%), By Class, 2017-2031F
  • Figure 154. Brazil Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 155. Brazil Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 156. Brazil Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 157. Brazil Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 158. Argentina Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 159. Argentina Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 160. Argentina Forklift Market Share (%), By Type, 2017-2031F
  • Figure 161. Argentina Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 162. Argentina Forklift Market Share (%), By Class, 2017-2031F
  • Figure 163. Argentina Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 164. Argentina Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 165. Argentina Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 166. Argentina Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 167. Asia-Pacific Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 168. Asia-Pacific Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 169. Asia-Pacific Forklift Market Share (%), By Type, 2017-2031F
  • Figure 170. Asia-Pacific Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 171. Asia-Pacific Forklift Market Share (%), By Class, 2017-2031F
  • Figure 172. Asia-Pacific Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 173. Asia-Pacific Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 174. Asia-Pacific Forklift Market Share (%), By Battery, In USD Billion, 2016-2030
  • Figure 175. Asia-Pacific Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 176. Asia-Pacific Forklift Market Share (%), By Country, 2017-2031F
  • Figure 177. India Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 178. India Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 179. India Forklift Market Share (%), By Type, 2017-2031F
  • Figure 180. India Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 181. India Forklift Market Share (%), By Class, 2017-2031F
  • Figure 182. India Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 183. India Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 184. India Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 185. India Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 186. China Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 187. China Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 188. China Forklift Market Share (%), By Type, 2017-2031F
  • Figure 189. China Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 190. China Forklift Market Share (%), By Class, 2017-2031F
  • Figure 191. China Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 192. China Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 193. China Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 194. China Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 195. Japan Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 196. Japan Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 197. Japan Forklift Market Share (%), By Type, 2017-2031F
  • Figure 198. Japan Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 199. Japan Forklift Market Share (%), By Class, 2017-2031F
  • Figure 200. Japan Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 201. Japan Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 202. Japan Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 203. Japan Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 204. Australia Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 205. Australia Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 206. Australia Forklift Market Share (%), By Type, 2017-2031F
  • Figure 207. Australia Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 208. Australia Forklift Market Share (%), By Class, 2017-2031F
  • Figure 209. Australia Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 210. Australia Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 211. Australia Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 212. Australia Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 213. Vietnam Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 214. Vietnam Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 215. Vietnam Forklift Market Share (%), By Type, 2017-2031F
  • Figure 216. Vietnam Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 217. Vietnam Forklift Market Share (%), By Class, 2017-2031F
  • Figure 218. Vietnam Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 219. Vietnam Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 220. Vietnam Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 221. Vietnam Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 222. South Korea Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 223. South Korea Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 224. South Korea Forklift Market Share (%), By Type, 2017-2031F
  • Figure 225. South Korea Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 226. South Korea Forklift Market Share (%), By Class, 2017-2031F
  • Figure 227. South Korea Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 228. South Korea Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 229. South Korea Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 230. South Korea Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 231. Indonesia Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 232. Indonesia Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 233. Indonesia Forklift Market Share (%), By Type, 2017-2031F
  • Figure 234. Indonesia Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 235. Indonesia Forklift Market Share (%), By Class, 2017-2031F
  • Figure 236. Indonesia Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 237. Indonesia Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 238. Indonesia Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 239. Indonesia Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 240. Philippines Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 241. Philippines Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 242. Philippines Forklift Market Share (%), By Type, 2017-2031F
  • Figure 243. Philippines Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 244. Philippines Forklift Market Share (%), By Class, 2017-2031F
  • Figure 245. Philippines Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 246. Philippines Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 247. Philippines Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 248. Philippines Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 249. Middle East & Africa Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 250. Middle East & Africa Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 251. Middle East & Africa Forklift Market Share (%), By Type, 2017-2031F
  • Figure 252. Middle East & Africa Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 253. Middle East & Africa Forklift Market Share (%), By Class, 2017-2031F
  • Figure 254. Middle East & Africa Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 255. Middle East & Africa Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 256. Middle East & Africa Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 257. Middle East & Africa Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 258. Middle East & Africa Forklift Market Share (%), By Country, 2017-2031F
  • Figure 259. Saudi Arabia Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 260. Saudi Arabia Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 261. Saudi Arabia Forklift Market Share (%), By Type, 2017-2031F
  • Figure 262. Saudi Arabia Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 263. Saudi Arabia Forklift Market Share (%), By Class, 2017-2031F
  • Figure 264. Saudi Arabia Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 265. Saudi Arabia Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 266. Saudi Arabia Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 267. Saudi Arabia Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 268. UAE Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 269. UAE Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 270. UAE Forklift Market Share (%), By Type, 2017-2031F
  • Figure 271. UAE Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 272. UAE Forklift Market Share (%), By Class, 2017-2031F
  • Figure 273. UAE Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 274. UAE Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 275. UAE Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 276. UAE Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 277. South Africa Forklift Market, By Value, In USD Billion, 2017-2031F
  • Figure 278. South Africa Forklift Market, By Volume, In Units, 2017-2031F
  • Figure 279. South Africa Forklift Market Share (%), By Type, 2017-2031F
  • Figure 280. South Africa Forklift Market Share (%), By Capacity, 2017-2031F
  • Figure 281. South Africa Forklift Market Share (%), By Class, 2017-2031F
  • Figure 282. South Africa Forklift Market Share (%), By Operation, 2017-2031F
  • Figure 283. South Africa Forklift Market Share (%), By Propulsion, 2017-2031F
  • Figure 284. South Africa Forklift Market Share (%), By Battery, 2017-2031F
  • Figure 285. South Africa Forklift Market Share (%), By End-user Industry, 2017-2031F
  • Figure 286. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 287. By Capacity Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 288. By Class Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 289. By Operation Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 290. By Propulsion Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 291. By Battery Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 292. By End-user Industry Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 293. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
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