Forklift Market 2022: Key Strategies, Historical Analysis, Trends, New Opportunities and Forecast Till 2028
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A forklift (also called lift truck, jitney, fork truck, fork hoist, and forklift truck) is a powered industrial truck used to lift and move materials over short distances.
This report elaborates the market size, market characteristics, and market growth of the Forklift industry, and breaks down according to the type, application, and consumption area of Forklift. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Forklift in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.
Key players in the global Forklift market covered in Chapter 13:
Hyundai Construction Equipment Private Limited
KION India Private Limited
Action Construction Equipment Ltd
Godrej & Boyce Manufacturing Company Limited
Josts Engineering Company Limited
Mecneill Engineering Limited
Nilkamal Limited
Maini Group
Toyota Material handling India pvt ltd
MHE NEXT Engineering Private Limited
In Chapter 6, on the basis of types, the Forklift market from 2015 to 2025 is primarily split into:
Diesel Forklift
Electric/ Battery Operated Forklift
LPG Forklift
In Chapter 7, on the basis of applications, the Forklift market from 2015 to 2025 covers:
Freight
Manufacturing
Logistics
Wholesale & Retail Distribution
Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:
United States
Europe
China
Japan
India
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
North America (Covered in Chapter 8)
United States
Canada
Mexico
Europe (Covered in Chapter 9)
Germany
UK
France
Italy
Spain
Others
Asia-Pacific (Covered in Chapter 10)
China
Japan
India
South Korea
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 11)
Saudi Arabia
UAE
South Africa
Others
South America (Covered in Chapter 12)
Brazil
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Forklift Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Forklift Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Forklift Market Forces
3.1 Global Forklift Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Forklift Market - By Geography
4.1 Global Forklift Market Value and Market Share by Regions
4.1.1 Global Forklift Value ($) by Region (2015-2020)
4.1.2 Global Forklift Value Market Share by Regions (2015-2020)
4.2 Global Forklift Market Production and Market Share by Major Countries
4.2.1 Global Forklift Production by Major Countries (2015-2020)
4.2.2 Global Forklift Production Market Share by Major Countries (2015-2020)
4.3 Global Forklift Market Consumption and Market Share by Regions
4.3.1 Global Forklift Consumption by Regions (2015-2020)
4.3.2 Global Forklift Consumption Market Share by Regions (2015-2020)
5 Forklift Market - By Trade Statistics
5.1 Global Forklift Export and Import
5.2 United States Forklift Export and Import (2015-2020)
5.3 Europe Forklift Export and Import (2015-2020)
5.4 China Forklift Export and Import (2015-2020)
5.5 Japan Forklift Export and Import (2015-2020)
5.6 India Forklift Export and Import (2015-2020)
5.7
6 Forklift Market - By Type
6.1 Global Forklift Production and Market Share by Types (2015-2020)
6.1.1 Global Forklift Production by Types (2015-2020)
6.1.2 Global Forklift Production Market Share by Types (2015-2020)
6.2 Global Forklift Value and Market Share by Types (2015-2020)
6.2.1 Global Forklift Value by Types (2015-2020)
6.2.2 Global Forklift Value Market Share by Types (2015-2020)
6.3 Global Forklift Production, Price and Growth Rate of Diesel Forklift (2015-2020)
6.4 Global Forklift Production, Price and Growth Rate of Electric/ Battery Operated Forklift (2015-2020)
6.5 Global Forklift Production, Price and Growth Rate of LPG Forklift (2015-2020)
7 Forklift Market - By Application
7.1 Global Forklift Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Forklift Consumption by Applications (2015-2020)
7.1.2 Global Forklift Consumption Market Share by Applications (2015-2020)
7.2 Global Forklift Consumption and Growth Rate of Freight (2015-2020)
7.3 Global Forklift Consumption and Growth Rate of Manufacturing (2015-2020)
7.4 Global Forklift Consumption and Growth Rate of Logistics (2015-2020)
7.5 Global Forklift Consumption and Growth Rate of Wholesale & Retail Distribution (2015-2020)
8 North America Forklift Market
8.1 North America Forklift Market Size
8.2 United States Forklift Market Size
8.3 Canada Forklift Market Size
8.4 Mexico Forklift Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Forklift Market Analysis
9.1 Europe Forklift Market Size
9.2 Germany Forklift Market Size
9.3 United Kingdom Forklift Market Size
9.4 France Forklift Market Size
9.5 Italy Forklift Market Size
9.6 Spain Forklift Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Forklift Market Analysis
10.1 Asia-Pacific Forklift Market Size
10.2 China Forklift Market Size
10.3 Japan Forklift Market Size
10.4 South Korea Forklift Market Size
10.5 Southeast Asia Forklift Market Size
10.6 India Forklift Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Forklift Market Analysis
11.1 Middle East and Africa Forklift Market Size
11.2 Saudi Arabia Forklift Market Size
11.3 UAE Forklift Market Size
11.4 South Africa Forklift Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Forklift Market Analysis
12.1 South America Forklift Market Size
12.2 Brazil Forklift Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 Hyundai Construction Equipment Private Limited
13.1.1 Hyundai Construction Equipment Private Limited Basic Information
13.1.2 Hyundai Construction Equipment Private Limited Product Profiles, Application and Specification
13.1.3 Hyundai Construction Equipment Private Limited Forklift Market Performance (2015-2020)
13.2 KION India Private Limited
13.2.1 KION India Private Limited Basic Information
13.2.2 KION India Private Limited Product Profiles, Application and Specification
13.2.3 KION India Private Limited Forklift Market Performance (2015-2020)
13.3 Action Construction Equipment Ltd
13.3.1 Action Construction Equipment Ltd Basic Information
13.3.2 Action Construction Equipment Ltd Product Profiles, Application and Specification
13.3.3 Action Construction Equipment Ltd Forklift Market Performance (2015-2020)
13.4 Godrej & Boyce Manufacturing Company Limited
13.4.1 Godrej & Boyce Manufacturing Company Limited Basic Information
13.4.2 Godrej & Boyce Manufacturing Company Limited Product Profiles, Application and Specification
13.4.3 Godrej & Boyce Manufacturing Company Limited Forklift Market Performance (2015-2020)
13.5 Josts Engineering Company Limited
13.5.1 Josts Engineering Company Limited Basic Information
13.5.2 Josts Engineering Company Limited Product Profiles, Application and Specification
13.5.3 Josts Engineering Company Limited Forklift Market Performance (2015-2020)
13.6 Mecneill Engineering Limited
13.6.1 Mecneill Engineering Limited Basic Information
13.6.2 Mecneill Engineering Limited Product Profiles, Application and Specification
13.6.3 Mecneill Engineering Limited Forklift Market Performance (2015-2020)
13.7 Nilkamal Limited
13.7.1 Nilkamal Limited Basic Information
13.7.2 Nilkamal Limited Product Profiles, Application and Specification
13.7.3 Nilkamal Limited Forklift Market Performance (2015-2020)
13.8 Maini Group
13.8.1 Maini Group Basic Information
13.8.2 Maini Group Product Profiles, Application and Specification
13.8.3 Maini Group Forklift Market Performance (2015-2020)
13.9 Toyota Material handling India pvt ltd
13.9.1 Toyota Material handling India pvt ltd Basic Information
13.9.2 Toyota Material handling India pvt ltd Product Profiles, Application and Specification
13.9.3 Toyota Material handling India pvt ltd Forklift Market Performance (2015-2020)
13.10 MHE NEXT Engineering Private Limited
13.10.1 MHE NEXT Engineering Private Limited Basic Information
13.10.2 MHE NEXT Engineering Private Limited Product Profiles, Application and Specification
13.10.3 MHE NEXT Engineering Private Limited Forklift Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Forklift Market Forecast (2020-2025)
14.2 Europe Forklift Market Forecast (2020-2025)
14.3 Asia-Pacific Forklift Market Forecast (2020-2025)
14.4 Middle East and Africa Forklift Market Forecast (2020-2025)
14.5 South America Forklift Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Forklift Market Forecast by Types (2020-2025)
15.1.1 Global Forklift Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Forklift Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Forklift Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Forklift Picture
Table Forklift Key Market Segments
Figure Study and Forecasting Years
Figure Global Forklift Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Forklift Value ($) and Growth Rate (2015-2020)
Table Global Forklift Value ($) by Countries (2015-2020)
Table Global Forklift Value Market Share by Regions (2015-2020)
Figure Global Forklift Value Market Share by Regions in 2019
Figure Global Forklift Production and Growth Rate (2015-2020)
Table Global Forklift Production by Major Countries (2015-2020)
Table Global Forklift Production Market Share by Major Countries (2015-2020)
Figure Global Forklift Production Market Share by Regions in 2019
Figure Global Forklift Consumption and Growth Rate (2015-2020)
Table Global Forklift Consumption by Regions (2015-2020)
Table Global Forklift Consumption Market Share by Regions (2015-2020)
Figure Global Forklift Consumption Market Share by Regions in 2019
Table Global Forklift Export Top 3 Country 2019
Table Global Forklift Import Top 3 Country 2019
Table United States Forklift Export and Import (2015-2020)
Table Europe Forklift Export and Import (2015-2020)
Table China Forklift Export and Import (2015-2020)
Table Japan Forklift Export and Import (2015-2020)
Table India Forklift Export and Import (2015-2020)
Table Global Forklift Production by Types (2015-2020)
Table Global Forklift Production Market Share by Types (2015-2020)
Figure Global Forklift Production Share by Type (2015-2020)
Table Global Forklift Value by Types (2015-2020)
Table Global Forklift Value Market Share by Types (2015-2020)
Figure Global Forklift Value Share by Type (2015-2020)
Figure Global Diesel Forklift Production and Growth Rate (2015-2020)
Figure Global Diesel Forklift Price (2015-2020)
Figure Global Electric/ Battery Operated Forklift Production and Growth Rate (2015-2020)
Figure Global Electric/ Battery Operated Forklift Price (2015-2020)
Figure Global LPG Forklift Production and Growth Rate (2015-2020)
Figure Global LPG Forklift Price (2015-2020)
Table Global Forklift Consumption by Applications (2015-2020)
Table Global Forklift Consumption Market Share by Applications (2015-2020)
Figure Global Forklift Consumption Share by Application (2015-2020)
Figure Global Freight Consumption and Growth Rate (2015-2020)
Figure Global Manufacturing Consumption and Growth Rate (2015-2020)
Figure Global Logistics Consumption and Growth Rate (2015-2020)
Figure Global Wholesale & Retail Distribution Consumption and Growth Rate (2015-2020)
Figure North America Forklift Market Consumption and Growth Rate (2015-2020)
Table North America Forklift Consumption by Countries (2015-2020)
Table North America Forklift Consumption Market Share by Countries (2015-2020)
Figure North America Forklift Consumption Market Share by Countries (2015-2020)
Figure United States Forklift Market Consumption and Growth Rate (2015-2020)
Figure Canada Forklift Market Consumption and Growth Rate (2015-2020)
Figure Mexico Forklift Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Forklift Market Consumption and Growth Rate (2015-2020)
Table Europe Forklift Consumption by Countries (2015-2020)
Table Europe Forklift Consumption Market Share by Countries (2015-2020)
Figure Europe Forklift Consumption Market Share by Countries (2015-2020)
Figure Germany Forklift Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Forklift Market Consumption and Growth Rate (2015-2020)
Figure France Forklift Market Consumption and Growth Rate (2015-2020)
Figure Italy Forklift Market Consumption and Growth Rate (2015-2020)
Figure Spain Forklift Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Forklift Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Forklift Consumption by Countries (2015-2020)
Table Asia-Pacific Forklift Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Forklift Consumption Market Share by Countries (2015-2020)
Figure China Forklift Market Consumption and Growth Rate (2015-2020)
Figure Japan Forklift Market Consumption and Growth Rate (2015-2020)
Figure South Korea Forklift Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Forklift Market Consumption and Growth Rate (2015-2020)
Figure India Forklift Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Forklift Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Forklift Consumption by Countries (2015-2020)
Table Middle East and Africa Forklift Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Forklift Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Forklift Market Consumption and Growth Rate (2015-2020)
Figure UAE Forklift Market Consumption and Growth Rate (2015-2020)
Figure South Africa Forklift Market Consumption and Growth Rate (2015-2020)
Figure South America Forklift Market Consumption and Growth Rate (2015-2020)
Table South America Forklift Consumption by Countries (2015-2020)
Table South America Forklift Consumption Market Share by Countries (2015-2020)
Figure South America Forklift Consumption Market Share by Countries (2015-2020)
Figure Brazil Forklift Market Consumption and Growth Rate (2015-2020)
Table Hyundai Construction Equipment Private Limited Company Profile
Table Hyundai Construction Equipment Private Limited Production, Value, Price, Gross Margin 2015-2020
Figure Hyundai Construction Equipment Private Limited Production and Growth Rate
Figure Hyundai Construction Equipment Private Limited Value ($) Market Share 2015-2020
Table KION India Private Limited Company Profile
Table KION India Private Limited Production, Value, Price, Gross Margin 2015-2020
Figure KION India Private Limited Production and Growth Rate
Figure KION India Private Limited Value ($) Market Share 2015-2020
Table Action Construction Equipment Ltd Company Profile
Table Action Construction Equipment Ltd Production, Value, Price, Gross Margin 2015-2020
Figure Action Construction Equipment Ltd Production and Growth Rate
Figure Action Construction Equipment Ltd Value ($) Market Share 2015-2020
Table Godrej & Boyce Manufacturing Company Limited Company Profile
Table Godrej & Boyce Manufacturing Company Limited Production, Value, Price, Gross Margin 2015-2020
Figure Godrej & Boyce Manufacturing Company Limited Production and Growth Rate
Figure Godrej & Boyce Manufacturing Company Limited Value ($) Market Share 2015-2020
Table Josts Engineering Company Limited Company Profile
Table Josts Engineering Company Limited Production, Value, Price, Gross Margin 2015-2020
Figure Josts Engineering Company Limited Production and Growth Rate
Figure Josts Engineering Company Limited Value ($) Market Share 2015-2020
Table Mecneill Engineering Limited Company Profile
Table Mecneill Engineering Limited Production, Value, Price, Gross Margin 2015-2020
Figure Mecneill Engineering Limited Production and Growth Rate
Figure Mecneill Engineering Limited Value ($) Market Share 2015-2020
Table Nilkamal Limited Company Profile
Table Nilkamal Limited Production, Value, Price, Gross Margin 2015-2020
Figure Nilkamal Limited Production and Growth Rate
Figure Nilkamal Limited Value ($) Market Share 2015-2020
Table Maini Group Company Profile
Table Maini Group Production, Value, Price, Gross Margin 2015-2020
Figure Maini Group Production and Growth Rate
Figure Maini Group Value ($) Market Share 2015-2020
Table Toyota Material handling India pvt ltd Company Profile
Table Toyota Material handling India pvt ltd Production, Value, Price, Gross Margin 2015-2020
Figure Toyota Material handling India pvt ltd Production and Growth Rate
Figure Toyota Material handling India pvt ltd Value ($) Market Share 2015-2020
Table MHE NEXT Engineering Private Limited Company Profile
Table MHE NEXT Engineering Private Limited Production, Value, Price, Gross Margin 2015-2020
Figure MHE NEXT Engineering Private Limited Production and Growth Rate
Figure MHE NEXT Engineering Private Limited Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Forklift Market Forecast Production by Types (2020-2025)
Table Global Forklift Market Forecast Production Share by Types (2020-2025)
Table Global Forklift Market Forecast Value ($) by Types (2020-2025)
Table Global Forklift Market Forecast Value Share by Types (2020-2025)
Table Global Forklift Market Forecast Consumption by Applications (2020-2025)
Table Global Forklift Market Forecast Consumption Share by Applications (2020-2025)
Research Methodology:
Forklift Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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