Global Forklift Trucks Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2020-2026

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In this report, the Global Forklift Trucks market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Forklift Trucks market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the global forklift truck market.

Some enterprises like Toyota, Kion, Jungheinrich, etc are well-known for the wonderful performance of their forklift trucks. At the same time, Europe, occupied 28% sales market share in 2018, is remarkable in the global forklift trucks industry.

Market Analysis and Insights: Global Forklift Trucks Market

In 2019, the global Forklift Trucks market size was US$ 26740 million and it is expected to reach US$ 43170 million by the end of 2026, with a CAGR of 7.0% during 2021-2026.

Global Forklift Trucks Scope and Market Size

Forklift Trucks market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Forklift Trucks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the Forklift Trucks market is segmented into

Class 1

Class 2

Class 3

Class 4/5

In 2018, Class 4/5 forklift trucks accounted for a major share of 39% the global forklift trucks market.

Segment by Application, the Forklift Trucks market is segmented into



Distribution Centers


The warehouses hold an important share in terms of applications, and accounts for 37% of the market share.

Regional and Country-level Analysis:

North America

United States





South Korea


Southeast Asia


Rest of Asia-Pacific







Nordic Countries

Rest of Europe

Latin America



Rest of Latin America

Middle East & Africa


Saudi Arabia


Rest of MEA

Competitive Landscape and Forklift Trucks Market Share Analysis

Forklift Trucks market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Forklift Trucks product introduction, recent developments, Forklift Trucks sales by region, type, application and by sales channel.

The major companies include:




Mitsubishi Logisnext

Crown Equipment


Anhui Heli


Clark Material Handling

Doosan Corporation Industrial Vehicle



Hyundai Heavy Industries

EP Equipment


Paletrans Equipment


Hubtex Maschinenbau

Godrej & Boyce

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