Global Market Study on Forklift Trucks: Electronic Fork Lift Segment to Exhibit Promising Growth by 2021


  • Report code : PMRREP3552 |
  • Industry : Automotive |
  • Published On : Oct-2015 |
  • Pages : 125 Pages |
  • Format :

Forklift trucks are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. 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. To move lighter loads, manually powered vehicles such as carts and hand trucks are used. One of the challenging tasks in warehouses and distribution centers is that of placing and removing loads from storage racks, loading and unloading trailers in the yard or at the dock, delivering components to the assembly line, and positioning loads for further handling processes. To complete such tasks, forklift trucks are used across various industries such as aerospace, automotive, food and beverages, construction, consumer goods, e-commerce, and retail.

The report analyses the global forklift truck market in terms of value (US$ Mn) and volume (Units), by region, product type, technology type, and by class, and provides insightful information about market dynamics, value chain, competitive landscape, current trends, and market estimations and forecast.

Key driving factors identified in the global forklift truck market include expansion of warehouse space globally, growing e-commerce business across the globe, strong demand for forklift truck replacement in developed markets, and bulk investments in purchase of low-cost forklift trucks in emerging markets. However, increasing the purchase and associated costs of forklift trucks, and growing environmental concerns regarding the use of IC-engine type forklift trucks could pose some challenges in the coming years. Some of the major trends identified in the forklift truck market are integration of innovative technologies, such as Internet of Things (IoT), cloud computing, and big data, to bolster sales in developed markets and focus of manufacturers on reducing emissions by decreasing weight of IC engine powered trucks.

By product type, counterbalance type forklift truck was the largest segment in the global forklift truck market in 2014, accounting for 62.3% volume share of the overall market. This segment continues to dominate the market currently in 2015 and the trend is expected to continue over the forecast period as well. Globally, in terms of volume, the electrically powered type forklift truck was the predominant technology segment in 2014, accounting for 57.3% share of the global forklift truck market, and the segment is estimated to account for 64.4% share of the overall market by 2021, which is attributed to the increasing demand for electric type forklift trucks in emerging markets such as China, India, and Brazil.

On the basis of technology type, Globally, in terms of volume, electric powered type forklift truck was the predominant technology segment in 2014, accounting for Major share of the global market, and the segment is estimated to account for 64.4% share of the overall market by 2021, which is attributed to the increasing demand for electric type forklift trucks in emerging markets such as China, India, and Brazil.

The global forklift trucks market is also thriving due to the increasing export demands from the developing countries. Among regions, Asia Pacific dominated the global sales of forklift trucks in 2014. Europe ranked second in 2014, closely followed by North America. The demand for forklift trucks is increasing at a high pace in the Asia-Pacific due to the increasing demand from countries such as China, Japan, and India. China’s forklift trucks market is dominated by internal combustion truck followed by Eastern Europe is witnessing high growth. One of the biggest restraints for the forklift trucks is their high cost, due to which many of the small scale industries prefer to avail their services on rent rather than owning it.   

      

The forklift Truck Market is segmented into:

Forklift Trucks, by product type

  • Counterbalance
  • Warehouse

Forklift Trucks Market, by technology type

  • Internal Combustion (IC) engine powered
  • Electric powered

Forklift Trucks Market, by class

  • Class 1
  • Class 2
  • Class 3
  • Class 4
  • Class 5

Forklift Trucks Market, by region

North America

  • U.S
  • Canada

Latin America

  • Brazil
  • Mexico

Europe

  • Eastern
  • Western Europe

Asia Pacific

  • China
  • India
  • Japan
  • Australia
  • Others

The Middle East & Africa

  • GCC
  • South Africa

One of the challenging tasks in warehouses and distribution centers is that of placing and removing loads from storage racks, loading and unloading trailers in the yard or at the dock, delivering components to the assembly line, and positioning loads for further handling processes. To complete such tasks, forklift trucks are used across various industries such as aerospace, automotive, food and beverages, construction, consumer goods, e-commerce, and retail.    

Forklift trucks are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. 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. To move lighter loads, manually powered vehicles such as carts and hand trucks are used.

The global forklift truck market volume is forecast to expand at a CAGR of 6% during the forecast period from 2015 to 2021. The global forklift truck market is segmented on the basis of geographical region, product type, technology type, and by class. In 2014, by product type, counterbalance was the largest segment in the forklift truck market, accounting for 62.3% share of the overall market. 

In this report, the global forklift truck market has been segmented into five major regions, which include North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Of all the regions, Asia Pacific dominated the overall forklift truck market in 2014 with over 41.4% share. Besides, China accounted for approximately 25% share of the global forklift truck market volume in 2014. Europe ranked second, accounting for over 30% market share, followed by North America, in 2014. Meanwhile, Asia Pacific is anticipated to be the fastest growing region, both in terms of value and volume, in the global forklift truck market over the forecast period.

forklift-trucks-market

Key market participants covered in the report include:

  • Kion Group AG.
  • Jungheinrich AG.
  • Hyster-Yale Materials Handling, Inc.
  • Toyota Industries Corporation (TICO).
  • Mitsubishi Nichiyu Forklift Co., Ltd.
  • Crown Equipment Corporation.
  • Anhui HeLi Co., Ltd.
  • CLARK Material Handling Co., Ltd.
  • UniCarriers Americas Corporation.
  • Other.

Table of Content

1. Executive Summery

2. Research Methodology

3. Assumptions & Acronyms Used

4. Market Overview
4.1. Introduction    
    4.1.1. Product Overview
    4.1.2. Market Taxonomy
4.2. Global Forklift Truck Market Overview, 2014 - 2021
    4.2.1. Global Forklift Truck Market Value Chain
4.3. Market Dynamics
    4.3.1. Market Drivers
    4.3.2. Market Restraints
    4.3.3. Opportunity
4.4. Market Trends

5. Global Forklift Truck Market, By Region
5.1. Introduction
    5.1.1. BPS Analysis, By Region
    5.1.2. Y-o-Y Growth Comparison, By Region
5.2. North America Forklift Truck Market Analysis & Forecast to 2021
5.3. Latin America Forklift Truck Market Analysis & Forecast to 2021
5.4. Europe Forklift Truck Market Analysis & Forecast to 2021
5.5. Asia Pacific Forklift Truck Market Analysis & Forecast to 2021
5.6. The Middle East & Africa Forklift Truck Market Analysis & Forecast to 2021
5.6. The Middle East & Africa Forklift Truck Market Analysis & Forecast to 2021
5.7. Market Attractiveness Analysis By Region

6. Global Forklift Truck Market, By Product Type
6.1. Introduction
    6.1.1. BPS Analysis, By Product Type
    6.1.2. Y-o-Y Growth Comparison, By Product Type
6.2. Counterbalance Type Forklift Truck Market Analysis & Forecast to 2021
6.3. Warehouse Type Forklift truck Market Analysis & Forecast to 2021
6.4. Market Attractiveness Analysis By Product Type

7. Global Forklift Truck Market, By Technology
7.1. Introduction
    7.1.1. BPS Analysis, By Technology
    7.1.2. Y-o-Y Growth Comparision, By Technology
7.2. IC Engine Powered Type Forklift Truck Market Analysis & Forecast to 2021
7.3. Electric Powered Type Forklift Truck Market Analysis & Forecast to 2021
7.4. Market Attractiveness Analysis By Technology

8. Global Forklift Truck Market, By Class
8.1. Introduction
    8.1.1. BPS Analysis, By Class
    8.1.2. Y-o-Y Growth Comparision, By Class
8.2. Class 1 Type Forklift Truck Market Analysis & Forecast to 2021
8.3. Class 2 Type Forklift Truck Market Analysis & Forecast to 2021
8.4. Class 3 Type Forklift Truck Market Analysis & Forecast to 2021
8.5. Class 4,5 Type Forklift Truck Market Analysis & Forecast to 2021
8.6. Market Attractiveness Analysis By Class

9. Competitive Landscape
9.1. Competitive Dashboard
9.2. Company Profiles
    9.2.1. Mitsubishi Nichiyu Forklift Co., Ltd.
    9.2.2. Toyota Industries Corporation (TICO)
    9.2.3. Kion Group AG
    9.2.4. Jungheinrich AG
    9.2.5. Hyster-Yale Materials Handling, Inc.
    9.2.6. Crown Equipment Corporation
    9.2.7. Anhui HeLi Co., Ltd.
    9.2.8. CLARK Material Handling Co., Ltd.
    9.2.9. UniCarriers Americas Corporation


List of Tables
 

Table 1 North America Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 2 Latin America Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 3 Europe Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 4 Asia Pacific Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 5 MEA Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 6 Global Forklift Truck Market Volume (Units) and Value (US$ Mn), By Product Type, 2014–2021 
Table 7 Global Counterbalance Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021
Table 8 Global Warehouse Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 9 Global Forklift Truck Market Volume (Units) and Value (US$ Mn), By Technology, 2014–2021
Table 10 Global IC – engine Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 11 Global Electric Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 12 Global Forklift Truck Market Volume (Units) and Value (US$ Mn), By Class, 2014–2021 
Table 13 Global Class 1 Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 14 Global Class 2 Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 15 Global Class 3 Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021 
Table 16 Global Class 4,5 Type Forklift Truck Market Volume (Units) and Value (US$ Mn), By Region, 2014–2021


List of Figures
 

Figure 1: Global Forklift Truck Market Volume (‘000 Units) Forecast and Y-o-Y Growth (%), 2014–2021 
Figure 2 Global Forklift Truck Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2014–2021
Figure 3 Global Forklift Trucks Market Volume Share By Region, 2014 & 2021
Figure 4 Global Forklift Truck Market Volume Y-o-Y Growth by Region, 2015–2021
Figure 5 North America Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast, 2014-2021
Figure 6 North America Forklift Truck Market Incremental Opportunity, 2014-2021
Figure 7 U.S. Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 8 Canada Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 9 North America Forklift Truck Market Value Attractiveness By Product,  2015–2021
Figure 10 North America Forklift Truck Market Value Attractiveness By Technology,  2015–2021
Figure 11 North America Forklift Truck Market Value Attractiveness By Class,  2015–2021
Figure 12 Latin America Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast, 2014-2021
Figure 13 Latin America Forklift Truck Market Incremental Opportunity, 2014-2021
Figure 14 Brazil Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 15 Mexico Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 16 Rest of Latin America Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 17 Latin America Forklift Truck Market Value Attractiveness By Product,  2015–2021
Figure 18 Latin America Forklift Truck Market Value Attractiveness By Technology,  2015–2021
Figure 19 Latin America Forklift Truck Market Value Attractiveness By Class,  2015–2021
Figure 20 Europe Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast, 2014-2021
Figure 21 Europe Forklift Truck Market Incremental Opportunity, 2014-2021
Figure 22 Western Europe Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 23 Eastern Europe Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 24 Europe Forklift Truck Market Value Attractiveness By Product,  2015–2021
Figure 25 Europe Forklift Truck Market Value Attractiveness By Technology,  2015–2021
Figure 26 Europe Forklift Truck Market Value Attractiveness By Class,  2015–2021
Figure 27 APAC Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast, 2014-2021
Figure 28 APAC Forklift Truck Market Incremental Opportunity, 2014-2021
Figure 29 China Forklift Market Value (US$ Mn), 2014–2021
Figure 30 Japan Forklift Market Value (US$ Mn), 2014–2021 
Figure 31 Oceania Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 32 Rest of APAC Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 33 APAC Forklift Truck Market Value Attractiveness By Product,  2015–2021
Figure 34 APAC Forklift Truck Market Value Attractiveness By Technology,  2015–2021
Figure 35 APAC Forklift Truck Market Value Attractiveness By Class,  2015–2021
Figure 36 MEA Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast, 2014-2021
Figure 37 MEA Forklift Truck Market Incremental Opportunity, 2014-2021
Figure 38 GCC Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 39 South Africa Forklift Truck Market Value (US$ Mn), 2014–2021
Figure 40 Rest of MEA Forklift Truck Market Value (US$ Mn), 2014–2021 
Figure 41 MEA Forklift Truck Market Value Attractiveness By Product,  2015–2021
Figure 42 MEA Forklift Truck Market Value Attractiveness By Technology,  2015–2021
Figure 43 MEA Forklift Truck Market Value Attractiveness By Class,  2015–2021
Figure 44 Global Forklift Truck Market Value Attractiveness By Region, 2014 & 2021
Figure 45 Global Forklift Truck Market Volume Share By Product Type, 2014 & 2021
Figure 46 Global Forklift Truck Market Volume Y-o-Y Growth by Product Type, 2015–2021
Figure 47 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast Counterbalance Type, 2014–2021 
Figure 48 Global Forklift Truck Market Incremental $ Opportunity Counterbalance Type, 2014–2021
Figure 49 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast By Warehouse Type, 2014–2021 
Figure 50 Global Forklift Truck Market Incremental $ Opportunity By Warehouse Type, 2014–2021 
Figure 51 Global Forklift Truck Market Value Attractiveness By Product Type, 2014 & 2021
Figure 52 Global Forklift Truck Market Volume Share By Technology Type, 2014 & 2021
Figure 53 Global Forklift Truck Market Volume Y-o-Y Growth by Technology Type, 2015–2021
Figure 54 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast By IC Engine Powered Type, 2014–2021 
Figure 55 Global Forklift Truck Market Incremental Opportunity By IC Engine Powered Type, 2014–2021 
Figure 56 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast By Electric Engine Type, 2014–2021 
Figure 57 Global Forklift Truck Market Incremental Opportunity By Electric Engine Type, 2014–2021 
Figure 58 Global Forklift Truck Market Value Attractiveness By Technology Type, 2014 & 2021
Figure 59 Global Forklift Truck Market Volume Share By Class, 2014 & 2021
Figure 60 Global Forklift Truck Market Volume Y-o-Y Growth by Class, 2015–2021
Figure 61 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast By Class 1 Type, 2014–2021 
Figure 62 Global Forklift Truck Market Incremental Opportunity By Class 1 Type, 2014–2021 
Figure 63 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast By Class 2 Type, 2014–2021 
Figure 64 Global Forklift Truck Market Incremental Opportunity By Class 2 Type, 2014–2021 
Figure 65 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast By Class 3 Type, 2014–2021 
Figure 66 Global Forklift Truck Market Incremental Opportunity By Class 3 Type, 2014–2021 
Figure 67 Global Forklift Truck Market Value (US$ Mn) & Volume (‘000 Units) Forecast By Class 4,5 Type, 2014–2021 
Figure 68 Global Forklift Truck Market Incremental Opportunity By Class 4,5 Type, 2014–2021 
Figure 69 Global Forklift Truck Market Value Attractiveness By Class, 2014 & 2021

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