Forklift Trucks market size, Status, Top Players, Trends and Forecast to 2029

Posted October 12, 2022 by sourabh19

Forklifts are powerful, sturdy electric pallet trucks commonly used to lift and transport heavy objects such as container products, crates and other components over short distances.
Forklift Trucks Market was valued at US$ 45 Bn. in 2021. Global Forklift Trucks Market size is expected to grow at a CAGR of 6.8 % through the forecast period.

Forklift Trucks Market Overview:

The Forklift Trucks Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Forklift Trucks Market , as well as the reasons for variations in the industry's growth in various locations.

Market Scope:

This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.

Request for sample:


As a result of technology advancements and rising fuel prices, such as those for diesel engines, the manufacturing and sales of electric vehicles are gaining speed. Electric forklifts are more efficient than regular forklifts, and this particular machine's parts offer the highest productivity across the board. With features like load capacity, ramp negotiating skills, acceleration, ramp cruise control, and braking, AC truck performance is becoming more industrially appealing when compared to internal combustion engines.

By these standards, AC technology has been shown to meet and, in some circumstances, outperform the performance of IC trucks. At the moment, certain AC trucks can accelerate faster than IC trucks. However, the spec sheet comments for Jung Heinrich's 5,000-pound electric counterbalance truck demonstrates that it beats the majority of IC truck performance numbers.

Key Players:

• Hyster-Yale Materials Handling
• Anhui Heli Co. Ltd
• Hangcha Group CO. Ltd
• Luizhou Forklift Ltd
• Manitou Group
• Doosan Corp

The entire method entails an examination of the key market players' financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Forklift Trucks Market are as follows:

Request for inquiry:

Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Forklift Trucks Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Request for customization:

COVID-19 Impact Analysis on Forklift Trucks Market :

Due to a break in operations, end-user sectors where Forklift Trucks Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Forklift Trucks Market manufacturers, affecting the development of the Forklift Trucks Market in 2020. End-user business demand for Forklift Trucks Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Forklift Trucks Market Report are:

Which segment had the largest share in the Forklift Trucks Market in 2021?
What is the competitive landscape of the Forklift Trucks Market ?
Which are the key drivers aiding the Forklift Trucks Market growth?
Which region has the maximum share in the Forklift Trucks Market ?
What will be the CAGR of the Forklift Trucks Market during the forecast period (2022-2027)?


3rd Floor, Navale IT Park Phase 2,

Pune Banglore Highway,

Narhe, Pune, Maharashtra 411041, India.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By [email protected]
Country India
Categories Blogging
Tags forklift trucks market
Last Updated October 12, 2022