Forklift Market

Forklift Market (Class: Class 1 - Electric Motor Rider Trucks, Class 2- Electric Motor Narrow Aisle Trucks, Class 3- Electric Motor Hand Trucks or Hand/Rider Trucks, Class 4- Internal Combustion Engine Trucks (Solid/Cushion Tires), Class 5- Internal Combustion Engine Trucks (Pneumatic Tires), Class 6- Electric/IC Engine Tow Tractors, and Class 7- Rough Terrain Forklifts) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2033

Global Forklift Market Outlook 2023-2033

  • The industry was valued at US$ 46.0 Bn in 2022
  • It is estimated to grow at a CAGR of 5.2% from 2023 to 2033 and reach US$ 79.9 Bn by the end of 2033

Analyst Viewpoint

The forklift market size is driven by growth in e-commerce and logistics sectors. Rapid industrialization and rise in manufacturing activities is also boosting the demand for forklifts.

Forklifts play a crucial role in warehouse automation and e-commerce activities, especially in material handling and logistics operations.

Rise in focus on supply chain efficiency across various industries is likely to offer lucrative forklift market opportunities to vendors.

Electric forklifts are gaining traction among end-users due to their environmental sustainability, lower operating costs, and advancements in battery technology.

Major players in the global forklift market are concentrating on improving the efficiency of material handling equipment to provide their customers with a product portfolio that offers performance benefits, is cost-effective, and diverse.

Market introduction

Forklift is an industrial equipment used to lift or transport goods. It is a power-operated platform with a fork located at the front that may be lifted and lowered to be inserted under goods. Warehouses and other sizable storage facilities, among other businesses, use forklifts to meet their needs.

Forklifts come in various types, including counterbalance forklifts, reach trucks, pallet jacks, and rough-terrain forklifts, each designed for specific applications based on load capacity, accessibility, and environmental conditions.

Forklifts have become indispensable in modern logistics and supply chain operations, providing a means to swiftly and safely handle materials within confined spaces.

With advancements in technology, electric forklifts have gained popularity in the global forklift market landscape due to their environmentally friendly operation, reduced noise levels, and lower maintenance requirements.

Innovations in automation, telematics, and safety features are contributing to the optimization of material handling tasks across a broad spectrum of industries.

Attribute Detail
Drivers
  • Growth in E-commerce and Logistics Sectors
  • Rapid Industrialization and Rise in Manufacturing Activities

Growth in E-commerce and Logistics Sectors Driving Forklift Market Demand

Surge in online shopping and expansion of e-commerce platforms have led to a substantial increase in the volume of goods being handled and moved within warehouses and distribution centers.

Forklifts play a pivotal role in these operations by efficiently lifting, transporting, and stacking goods, contributing to the seamless flow of products throughout the supply chain.

The demand for forklifts in the e-commerce sector is particularly pronounced as companies strive to enhance their material handling capabilities to keep up with the fast-paced nature of online retail and meet customer expectations for quick and reliable deliveries.

Moreover, the logistics sector, encompassing transportation, warehousing, and order fulfillment, heavily relies on forklifts to streamline operations and improve overall efficiency. Thus, expansion in the logistics sector is propelling the forklift market development.

Forklifts enable the loading and unloading of goods from trucks, the organization of inventory within warehouses, and the optimization of storage space. The demand for advanced and specialized forklifts is on the rise as logistics companies continue to expand their networks and invest in sophisticated supply chain solutions.

Rapid Industrialization and Rise in Manufacturing Activities Augmenting Market Progress

The need for efficient material handling and logistics within factories and warehouses is growing as industrial sectors expand and manufacturing processes become more intricate. Forklifts serve as indispensable tools in these environments, providing a means to move raw materials, components, and finished products with precision and speed.

The versatility of forklifts allows them to adapt to various industrial settings, contributing to the optimization of supply chain processes and the overall productivity of manufacturing facilities.

In manufacturing plants, forklifts play a crucial role in handling heavy loads, and facilitating smooth operations in production lines. They enable the timely and accurate transportation of materials between different stages of the manufacturing process, reducing downtime and ensuring a continuous workflow.

Surge in focus on precision and efficiency in end-use industries is expected to spur the forklift market growth in the near future. Forklifts are particularly essential in industries, such as automotive, aerospace, and electronics, where the demand for precision and efficiency is high.

The integration of forklifts in these manufacturing settings enhances operational agility, allowing industries to scale their production to meet market demands effectively.

Extensive Use of Forklifts in Ports and Terminals

According to the latest forklift market trends, the ports/ terminals segment held largest share in 2022. Forklifts play a critical role in maritime and logistics operations. Ports and terminals are key hubs for the movement of goods, handling a vast array of cargo arriving by sea or land.

Forklifts are essential tools in these environments, providing efficient means to load and unload containers from ships, stack and organize cargo in storage yards, and move goods within the port or terminal facilities.

The versatility of forklifts, along with their ability to handle heavy loads and navigate through tight spaces, makes them indispensable for the smooth functioning of ports and terminals.

Rapid growth in international trade and the increase in size of container ships are boosting the demand for forklifts in ports and terminals. As global shipping volumes continue to rise, the need for swift and reliable cargo handling becomes essential.

Forklifts enable the efficient transfer of containers between ships and storage areas, contributing to the overall operational efficiency of ports. The demand for specialized forklifts, such as container handlers and reach stackers, is growing to meet the unique challenges posed by the scale and complexity of port and terminal operations.

High Demand for Diesel Forklifts

According to the latest forklift market analysis, the diesel propulsion segment accounted for major share in 2022, Growth of the segment can be ascribed to the power, efficiency, and versatility of diesel forklifts. The key advantage is the high torque and power output provided by diesel engines.

Diesel forklifts are well-suited for heavy-duty applications, such as lifting and transporting large loads in industrial settings, construction sites, and ports. The robust torque characteristics of diesel engines make them ideal for handling heavier loads, providing the necessary strength and stability in demanding operational environments.

Another significant factor contributing to the dominance of diesel forklifts is their fuel efficiency and longer operational hours. Diesel engines generally offer better fuel efficiency compared to some other types of forklifts, especially in heavy-duty applications.

This allows diesel forklifts to operate for extended periods between refueling, enhancing productivity and reducing downtime. The longer operational hours make diesel forklifts particularly advantageous in settings where continuous and uninterrupted material handling is crucial such as in large warehouses, distribution centers, and outdoor industrial spaces.

Regional Outlook

Attribute Detail
Leading Region Asia Pacific

According to the latest forklift market research, Asia Pacific held largest share in 2022. Rapid industrialization and robust manufacturing activities in China, Japan, and India are boosting the market dynamics of the region.

Expansion in e-commerce, logistics & warehousing, and manufacturing sectors is also boosting the forklift industry share in Asia Pacific. Flourishing automotive sector is propelling the use of forklifts for material handling within manufacturing plants and warehouses.

According to the latest forklift industry forecast, the industry in North America is expected to grow at a steady pace in the near future. Presence of well-established manufacturing and logistics sectors is driving the market statistics in the region.

The U.S. and Canada are witnessing a consistent demand for forklifts, driven by the need for efficient material handling in diverse industries including retail, construction, and agriculture. Rise in adoption of advanced warehousing systems and technology-driven solutions is boosting the forklift market expansion in North America.

According to the latest forklift market insights, increase in adoption of sustainable and eco-friendly solutions and presence of manufacturing hubs in Germany are augmenting the demand for electric and hybrid forklifts.

Analysis of Key Players

The global forklift market landscape is consolidated, with few manufacturers controlling the majority of the market share. Major companies are integrating advanced safety features in forklifts to expand their customer base.

Komatsu Ltd., Anhui Heli Co. Ltd., Clark Material Handling Company, Comblift Limited, Crown Equipment Corporation, Doosan Industrial Vehicle America Corporation, Godrej & Boyce Group, Hangcha Group Co., Ltd. (HC Forklift), Hubtex Maschinenbau GmbH & Co. KG, Hyster-Yale Material Handling Inc., Hyundai Heavy Industries Ltd., KION Group AG, Konecranes, Lonking Forklift Co., Manitou Group, Mitsubishi Forklift Corporation, Toyota Industries Corporation, and UniCarriers Americas are major players in the forklift industry.

Each of these players has been profiled in the global forklift market report based on pointers such as company overview, business strategies, financial overview, product portfolio, business segments, and recent developments.

Key Developments in Forklift Market

  • In August 2022, Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Logisnext Co., Ltd., a division of MHI Group, collaboratively concluded the development of an automated picking system that incorporates Automated Guided Forklifts (AGFs)
  • In May 2022, CLARK Material Handling Company introduced the S40-60 IC, a pneumatic forklift designed with load capacities ranging from 8,000 to 12,000 pounds

Forklift Market Snapshot

Attribute Detail
Market Size Value in 2022 US$ 46.0 Bn
Market Forecast Value in 2033 US$ 79.9 Bn
Growth Rate (CAGR) 5.2%
Forecast Period 2023-2033
Quantitative Units US$ Bn for Value and Thousand Units for Volume
Market Analysis It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • By Class
    • Class 1- Electric Motor Rider Trucks
    • Class 2- Electric Motor Narrow Aisle Trucks
    • Class 3- Electric Motor Hand Trucks or Hand/Rider Trucks
    • Class 4- Internal Combustion Engine Trucks (Solid/Cushion Tires)
    • Class 5- Internal Combustion Engine Trucks (Pneumatic Tires)
    • Class 6- Electric/IC Engine Tow Tractors
    • Class 7- Rough Terrain Forklifts
  • By Application
    • Retail/ Wholesale
    • Food/ Pharma
    • Transport/ Logistics
    • Manufacturing
    • Automotive
    • Ports/ Terminals
    • Mining & Construction
    • Chemical/ Energy
    • Forestry/ Wood
    • Others
  • By Tons
    • Below 5 Tons
    • 6 Tons to 10 Tons
    • 11 Tons to 30 Tons
    • 31 Tons to 60 Tons
    • Above 61 Tons
  • By Automation Type
    • Fully-automated
    • Semi-automated
    • Manual
  • By Propulsion
    • Diesel
    • Gasoline
    • Battery Electric
    • Hybrid Electric
Regions Covered
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Russia & CIS
  • China
  • India
  • Japan
  • ASEAN Countries
  • South Korea
  • ANZ
  • GCC
  • South Africa
  • Turkey
  • Brazil
  • Argentina
Companies Profile
  • Komatsu Ltd.
  • Anhui Heli Co., Ltd
  • Clark Material Handling Company
  • Comblift Limited
  • Crown Equipment Corporation
  • Doosan Industrial Vehicle America Corporation
  • Godrej & Boyce Group
  • Hangcha Group Co., Ltd. (HC Forklift)
  • Hubtex Maschinenbau GmbH & Co. KG
  • Hyster-Yale Material Handling Inc.
  • Hyundai Heavy Industries Ltd.
  • KION Group AG
  • Konecranes
  • Lonking Forklift Co.
  • Manitou Group
  • Mitsubishi Forklift Corporation
  • Toyota Industries Corporation
  • UniCarriers Americas
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the forklift market in 2022?

It was valued at US$ 46.0 Bn in 2022

How is the forklift industry expected to grow by 2033?

It is projected to register a CAGR of 5.2% by 2033

How much worth will the forklift business be in 2033?

It is anticipated to reach US$ 79.9 Bn in 2033

Which forklift application segment held the largest share in 2022?

The ports/terminals application segment held the largest share in 2022

Which forklift automation type segment held the largest share in 2022?

The manual automation type segment accounted for major share of 72.5% in 2022

Which region was the most lucrative in the forklift landscape?

Asia Pacific was the highly lucrative region with 36.6% share in 2022

Who are the prominent forklift manufacturers?

Komatsu Ltd., Anhui Heli Co. Ltd., Clark Material Handling Company, Comblift Limited, Crown Equipment Corporation, Doosan Industrial Vehicle America Corporation, Godrej & Boyce Group, Hangcha Group Co., Ltd. (HC Forklift), Hubtex Maschinenbau GmbH & Co. KG, Hyster-Yale Material Handling Inc., Hyundai Heavy Industries Ltd., KION Group AG, Konecranes, Lonking Forklift Co., Manitou Group, Mitsubishi Forklift Corporation, Toyota Industries Corporation, and UniCarriers Americas

1. Preface

    1.1. About TMR

    1.2. Market Coverage / Taxonomy

    1.3. Assumptions and Research Methodology

2. Executive Summary

    2.1. Global Market Outlook

        2.1.1. Market Size, Thousand Units, US$ Mn, 2018–2033

    2.2. Demand & Supply Side Trends

    2.3. TMR Analysis and Recommendations

    2.4. Competitive Dashboard Analysis

3. Market Overview

    3.1. Macro-economic Factors

    3.2. Market Dynamics

        3.2.1. Drivers

        3.2.2. Restraints

        3.2.3. Opportunity

    3.3. Market Factor Analysis

        3.3.1. Porter’s Five Force Analysis

        3.3.2. SWOT Analysis

        3.3.3. PESTLE Analysis

    3.4. Regulatory Scenario

    3.5. Key Trend Analysis

    3.6. Value Chain Analysis

    3.7. Cost Structure Analysis

    3.8. Profit Margin Analysis

4. Number of Forklifts Sold, by Key Players

    4.1. Annually, 2018–2033

    4.2. Total Forklift Sales, 2018–2033

5. Global Forklift Market, by Class

    5.1. Market Snapshot

        5.1.1. Introduction, Definition, and Key Findings

        5.1.2. Market Growth & Y-o-Y Projections

        5.1.3. Base Point Share Analysis

    5.2. Global Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Class

        5.2.1. Class 1- Electric Motor Rider Trucks

        5.2.2. Class 2- Electric Motor Narrow Aisle Trucks

        5.2.3. Class 3- Electric Motor Hand Trucks or Hand/Rider Trucks

        5.2.4. Class 4- Internal Combustion Engine Trucks (Solid/Cushion Tires)

        5.2.5. Class 5- Internal Combustion Engine Trucks (Pneumatic Tires)

        5.2.6. Class 6- Electric/IC Engine Tow Tractors

        5.2.7. Class 7- Rough Terrain Forklifts

6. Global Forklift Market, by Application

    6.1. Market Snapshot

        6.1.1. Introduction, Definition, and Key Findings

        6.1.2. Market Growth & Y-o-Y Projections

        6.1.3. Base Point Share Analysis

    6.2. Global Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Application

        6.2.1. Retail/ Wholesale

        6.2.2. Food/ Pharma

        6.2.3. Transport/ Logistics

        6.2.4. Manufacturing

        6.2.5. Automotive

        6.2.6. Ports/ Terminals

        6.2.7. Mining & Construction

        6.2.8. Chemical/ Energy

        6.2.9. Forestry/ Wood

        6.2.10. Others

7. Global Forklift Market, by Tons

    7.1. Market Snapshot

        7.1.1. Introduction, Definition, and Key Findings

        7.1.2. Market Growth & Y-o-Y Projections

        7.1.3. Base Point Share Analysis

    7.2. Global Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Tons

        7.2.1. Below 5 Tons

        7.2.2. 6 Tons to 10 Tons

        7.2.3. 11 Tons to 30 Tons

        7.2.4. 31 Tons to 60 Tons

        7.2.5. Above 61 Tons

8. Global Forklift Market, by Automation Type

    8.1. Market Snapshot

        8.1.1. Introduction, Definition, and Key Findings

        8.1.2. Market Growth & Y-o-Y Projections

        8.1.3. Base Point Share Analysis

    8.2. Global Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Automation Type

        8.2.1. Fully-automated

        8.2.2. Semi-automated

        8.2.3. Manual

9. Global Forklift Market, by Propulsion

    9.1. Market Snapshot

        9.1.1. Introduction, Definition, and Key Findings

        9.1.2. Market Growth & Y-o-Y Projections

        9.1.3. Base Point Share Analysis

    9.2. Global Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Propulsion

        9.2.1. Diesel

        9.2.2. Gasoline

        9.2.3. Battery Electric

        9.2.4. Hybrid Electric

10. Global Forklift Market, by Region

    10.1. Market Snapshot

        10.1.1. Introduction, Definition, and Key Findings

        10.1.2. Market Growth & Y-o-Y Projections

        10.1.3. Base Point Share Analysis

    10.2. Global Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Region

        10.2.1. North America

        10.2.2. Europe

        10.2.3. Asia Pacific

        10.2.4. Middle East & Africa

        10.2.5. South America

11. North America Forklift Market

    11.1. Market Snapshot

    11.2. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Class

        11.2.1. Class 1- Electric Motor Rider Trucks

        11.2.2. Class 2- Electric Motor Narrow Aisle Trucks

        11.2.3. Class 3- Electric Motor Hand Trucks or Hand/ Rider Trucks

        11.2.4. Class 4- Internal Combustion Engine Trucks (Solid/ Cushion Tires)

        11.2.5. Class 5- Internal Combustion Engine Trucks (Pneumatic Tires)

        11.2.6. Class 6- Electric/ IC Engine Tow Tractors

        11.2.7. Class 7- Rough Terrain Forklifts

    11.3. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Application

        11.3.1. Retail/ Wholesale

        11.3.2. Food/ Pharma

        11.3.3. Transport/ Logistics

        11.3.4. Manufacturing

        11.3.5. Automotive

        11.3.6. Ports/ Terminals

        11.3.7. Mining & Construction

        11.3.8. Chemical/ Energy

        11.3.9. Forestry/ Wood

        11.3.10. Others

    11.4. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Tons

        11.4.1. Below 5 Tons

        11.4.2. 6 Tons to 10 Tons

        11.4.3. 11 Tons to 30 Tons

        11.4.4. 31 Tons to 60 Tons

        11.4.5. Above 61 Tons

    11.5. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Automation Type

        11.5.1. Fully-automated

        11.5.2. Semi-automated

        11.5.3. Manual

    11.6. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Propulsion

        11.6.1. Diesel

        11.6.2. Gasoline

        11.6.3. Battery Electric

        11.6.4. Hybrid Electric

    11.7. Key Country Analysis – North America Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033

        11.7.1. U.S.

        11.7.2. Canada

        11.7.3. Mexico

12. Europe Forklift Market

    12.1. Market Snapshot

    12.2. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Class

        12.2.1. Class 1- Electric Motor Rider Trucks

        12.2.2. Class 2- Electric Motor Narrow Aisle Trucks

        12.2.3. Class 3- Electric Motor Hand Trucks or Hand/ Rider Trucks

        12.2.4. Class 4- Internal Combustion Engine Trucks (Solid/ Cushion Tires)

        12.2.5. Class 5- Internal Combustion Engine Trucks (Pneumatic Tires)

        12.2.6. Class 6- Electric/ IC Engine Tow Tractors

        12.2.7. Class 7- Rough Terrain Forklifts

    12.3. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Application

        12.3.1. Retail/ Wholesale

        12.3.2. Food/ Pharma

        12.3.3. Transport/ Logistics

        12.3.4. Manufacturing

        12.3.5. Automotive

        12.3.6. Ports/ Terminals

        12.3.7. Mining & Construction

        12.3.8. Chemical/ Energy

        12.3.9. Forestry/ Wood

        12.3.10. Others

    12.4. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Tons

        12.4.1. Below 5 Tons

        12.4.2. 6 Tons to 10 Tons

        12.4.3. 11 Tons to 30 Tons

        12.4.4. 31 Tons to 60 Tons

        12.4.5. Above 61 Tons

    12.5. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Automation Type

        12.5.1. Fully-automated

        12.5.2. Semi-automated

        12.5.3. Manual

    12.6. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Propulsion

        12.6.1. Diesel

        12.6.2. Gasoline

        12.6.3. Battery Electric

        12.6.4. Hybrid Electric

    12.7. Key Country Analysis – Europe Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033

        12.7.1. Germany

        12.7.2. U.K.

        12.7.3. France

        12.7.4. Italy

        12.7.5. Spain

        12.7.6. Nordic Countries

        12.7.7. Russia & CIS

        12.7.8. Rest of Europe

13. Asia Pacific Forklift Market

    13.1. Market Snapshot

    13.2. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Class

        13.2.1. Class 1- Electric Motor Rider Trucks

        13.2.2. Class 2- Electric Motor Narrow Aisle Trucks

        13.2.3. Class 3- Electric Motor Hand Trucks or Hand/ Rider Trucks

        13.2.4. Class 4- Internal Combustion Engine Trucks (Solid/ Cushion Tires)

        13.2.5. Class 5- Internal Combustion Engine Trucks (Pneumatic Tires)

        13.2.6. Class 6- Electric/ IC Engine Tow Tractors

        13.2.7. Class 7- Rough Terrain Forklifts

    13.3. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Application

        13.3.1. Retail/ Wholesale

        13.3.2. Food/ Pharma

        13.3.3. Transport/ Logistics

        13.3.4. Manufacturing

        13.3.5. Automotive

        13.3.6. Ports/ Terminals

        13.3.7. Mining & Construction

        13.3.8. Chemical/ Energy

        13.3.9. Forestry/ Wood

        13.3.10. Others

    13.4. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Tons

        13.4.1. Below 5 Tons

        13.4.2. 6 Tons to 10 Tons

        13.4.3. 11 Tons to 30 Tons

        13.4.4. 31 Tons to 60 Tons

        13.4.5. Above 61 Tons

    13.5. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Automation Type

        13.5.1. Fully-automated

        13.5.2. Semi-automated

        13.5.3. Manual

    13.6. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Propulsion

        13.6.1. Diesel

        13.6.2. Gasoline

        13.6.3. Battery Electric

        13.6.4. Hybrid Electric

    13.7. Key Country Analysis – Asia Pacific Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033

        13.7.1. China

        13.7.2. India

        13.7.3. Japan

        13.7.4. ASEAN Countries

        13.7.5. South Korea

        13.7.6. ANZ

        13.7.7. Rest of Asia Pacific

14. Middle East & Africa Forklift Market

    14.1. Market Snapshot

    14.2. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Class

        14.2.1. Class 1- Electric Motor Rider Trucks

        14.2.2. Class 2- Electric Motor Narrow Aisle Trucks

        14.2.3. Class 3- Electric Motor Hand Trucks or Hand/ Rider Trucks

        14.2.4. Class 4- Internal Combustion Engine Trucks (Solid/ Cushion Tires)

        14.2.5. Class 5- Internal Combustion Engine Trucks (Pneumatic Tires)

        14.2.6. Class 6- Electric/ IC Engine Tow Tractors

        14.2.7. Class 7- Rough Terrain Forklifts

    14.3. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Application

        14.3.1. Retail/ Wholesale

        14.3.2. Food/ Pharma

        14.3.3. Transport/ Logistics

        14.3.4. Manufacturing

        14.3.5. Automotive

        14.3.6. Ports/ Terminals

        14.3.7. Mining & Construction

        14.3.8. Chemical/ Energy

        14.3.9. Forestry/ Wood

        14.3.10. Others

    14.4. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Tons

        14.4.1. Below 5 Tons

        14.4.2. 6 Tons to 10 Tons

        14.4.3. 11 Tons to 30 Tons

        14.4.4. 31 Tons to 60 Tons

        14.4.5. Above 61 Tons

    14.5. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Automation Type

        14.5.1. Fully-automated

        14.5.2. Semi-automated

        14.5.3. Manual

    14.6. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Propulsion

        14.6.1. Diesel

        14.6.2. Gasoline

        14.6.3. Battery Electric

        14.6.4. Hybrid Electric

    14.7. Key Country Analysis – Middle East & Africa Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033

        14.7.1. GCC

        14.7.2. South Africa

        14.7.3. Turkey

        14.7.4. Rest of Middle East & Africa

15. South America Forklift Market

    15.1. Market Snapshot

    15.2. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Class

        15.2.1. Class 1- Electric Motor Rider Trucks

        15.2.2. Class 2- Electric Motor Narrow Aisle Trucks

        15.2.3. Class 3- Electric Motor Hand Trucks or Hand/ Rider Trucks

        15.2.4. Class 4- Internal Combustion Engine Trucks (Solid/ Cushion Tires)

        15.2.5. Class 5- Internal Combustion Engine Trucks (Pneumatic Tires)

        15.2.6. Class 6- Electric/ IC Engine Tow Tractors

        15.2.7. Class 7- Rough Terrain Forklifts

    15.3. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Application

        15.3.1. Retail/ Wholesale

        15.3.2. Food/ Pharma

        15.3.3. Transport/ Logistics

        15.3.4. Manufacturing

        15.3.5. Automotive

        15.3.6. Ports/ Terminals

        15.3.7. Mining & Construction

        15.3.8. Chemical/ Energy

        15.3.9. Forestry/ Wood

        15.3.10. Others

    15.4. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Tons

        15.4.1. Below 5 Tons

        15.4.2. 6 Tons to 10 Tons

        15.4.3. 11 Tons to 30 Tons

        15.4.4. 31 Tons to 60 Tons

        15.4.5. Above 61 Tons

    15.5. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Automation Type

        15.5.1. Fully-automated

        15.5.2. Semi-automated

        15.5.3. Manual

    15.6. Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033, By Propulsion

        15.6.1. Diesel

        15.6.2. Gasoline

        15.6.3. Battery Electric

        15.6.4. Hybrid Electric

    15.7. Key Country Analysis – South America Forklift Market Size (Thousand Units) & Revenue (US$ Mn) Analysis & Forecast, 2018–2033

        15.7.1. Brazil

        15.7.2. Argentina

        15.7.3. Rest of South America

16. Competitive Landscape

    16.1. Company Share Analysis/ Brand Share Analysis, 2022

    16.2. Company Analysis for each player Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share, Executive Bios

    16.3. Company Profile/ Key Players

        16.3.1. Komatsu Ltd.

            16.3.1.1. Company Overview

            16.3.1.2. Company Footprints

            16.3.1.3. Production Locations

            16.3.1.4. Product Portfolio

            16.3.1.5. Competitors & Customers

            16.3.1.6. Subsidiaries & Parent Organization

            16.3.1.7. Recent Developments

            16.3.1.8. Financial Analysis

            16.3.1.9. Profitability

            16.3.1.10. Revenue Share

            16.3.1.11. Executive Bios

        16.3.2. Anhui Heli Co. Ltd

            16.3.2.1. Company Overview

            16.3.2.2. Company Footprints

            16.3.2.3. Production Locations

            16.3.2.4. Product Portfolio

            16.3.2.5. Competitors & Customers

            16.3.2.6. Subsidiaries & Parent Organization

            16.3.2.7. Recent Developments

            16.3.2.8. Financial Analysis

            16.3.2.9. Profitability

            16.3.2.10. Revenue Share

            16.3.2.11. Executive Bios

        16.3.3. Clark Material Handling Company

            16.3.3.1. Company Overview

            16.3.3.2. Company Footprints

            16.3.3.3. Production Locations

            16.3.3.4. Product Portfolio

            16.3.3.5. Competitors & Customers

            16.3.3.6. Subsidiaries & Parent Organization

            16.3.3.7. Recent Developments

            16.3.3.8. Financial Analysis

            16.3.3.9. Profitability

            16.3.3.10. Revenue Share

            16.3.3.11. Executive Bios

        16.3.4. Comblift Limited

            16.3.4.1. Company Overview

            16.3.4.2. Company Footprints

            16.3.4.3. Production Locations

            16.3.4.4. Product Portfolio

            16.3.4.5. Competitors & Customers

            16.3.4.6. Subsidiaries & Parent Organization

            16.3.4.7. Recent Developments

            16.3.4.8. Financial Analysis

            16.3.4.9. Profitability

            16.3.4.10. Revenue Share

            16.3.4.11. Executive Bios

        16.3.5. Crown Equipment Corporation

            16.3.5.1. Company Overview

            16.3.5.2. Company Footprints

            16.3.5.3. Production Locations

            16.3.5.4. Product Portfolio

            16.3.5.5. Competitors & Customers

            16.3.5.6. Subsidiaries & Parent Organization

            16.3.5.7. Recent Developments

            16.3.5.8. Financial Analysis

            16.3.5.9. Profitability

            16.3.5.10. Revenue Share

            16.3.5.11. Executive Bios

        16.3.6. Doosan Industrial Vehicle America Corporation.

            16.3.6.1. Company Overview

            16.3.6.2. Company Footprints

            16.3.6.3. Production Locations

            16.3.6.4. Product Portfolio

            16.3.6.5. Competitors & Customers

            16.3.6.6. Subsidiaries & Parent Organization

            16.3.6.7. Recent Developments

            16.3.6.8. Financial Analysis

            16.3.6.9. Profitability

            16.3.6.10. Revenue Share

            16.3.6.11. Executive Bios

        16.3.7. Godrej & Boyce Group

            16.3.7.1. Company Overview

            16.3.7.2. Company Footprints

            16.3.7.3. Production Locations

            16.3.7.4. Product Portfolio

            16.3.7.5. Competitors & Customers

            16.3.7.6. Subsidiaries & Parent Organization

            16.3.7.7. Recent Developments

            16.3.7.8. Financial Analysis

            16.3.7.9. Profitability

            16.3.7.10. Revenue Share

            16.3.7.11. Executive Bios

        16.3.8. Hangcha Group Co., Ltd. (HC Forklift)

            16.3.8.1. Company Overview

            16.3.8.2. Company Footprints

            16.3.8.3. Production Locations

            16.3.8.4. Product Portfolio

            16.3.8.5. Competitors & Customers

            16.3.8.6. Subsidiaries & Parent Organization

            16.3.8.7. Recent Developments

            16.3.8.8. Financial Analysis

            16.3.8.9. Profitability

            16.3.8.10. Revenue Share

            16.3.8.11. Executive Bios

        16.3.9. Hubtex Maschinenbau GmbH & Co. KG

            16.3.9.1. Company Overview

            16.3.9.2. Company Footprints

            16.3.9.3. Production Locations

            16.3.9.4. Product Portfolio

            16.3.9.5. Competitors & Customers

            16.3.9.6. Subsidiaries & Parent Organization

            16.3.9.7. Recent Developments

            16.3.9.8. Financial Analysis

            16.3.9.9. Profitability

            16.3.9.10. Revenue Share

            16.3.9.11. Executive Bios

        16.3.10. Hyster-Yale Material Handling Inc.

            16.3.10.1. Company Overview

            16.3.10.2. Company Footprints

            16.3.10.3. Production Locations

            16.3.10.4. Product Portfolio

            16.3.10.5. Competitors & Customers

            16.3.10.6. Subsidiaries & Parent Organization

            16.3.10.7. Recent Developments

            16.3.10.8. Financial Analysis

            16.3.10.9. Profitability

            16.3.10.10. Revenue Share

            16.3.10.11. Executive Bios

        16.3.11. Hyundai Heavy Industries Ltd.

            16.3.11.1. Company Overview

            16.3.11.2. Company Footprints

            16.3.11.3. Production Locations

            16.3.11.4. Product Portfolio

            16.3.11.5. Competitors & Customers

            16.3.11.6. Subsidiaries & Parent Organization

            16.3.11.7. Recent Developments

            16.3.11.8. Financial Analysis

            16.3.11.9. Profitability

            16.3.11.10. Revenue Share

            16.3.11.11. Executive Bios

        16.3.12. KION Group AG

            16.3.12.1. Company Overview

            16.3.12.2. Company Footprints

            16.3.12.3. Production Locations

            16.3.12.4. Product Portfolio

            16.3.12.5. Competitors & Customers

            16.3.12.6. Subsidiaries & Parent Organization

            16.3.12.7. Recent Developments

            16.3.12.8. Financial Analysis

            16.3.12.9. Profitability

            16.3.12.10. Revenue Share

            16.3.12.11. Executive Bios

        16.3.13. Konecranes

            16.3.13.1. Company Overview

            16.3.13.2. Company Footprints

            16.3.13.3. Production Locations

            16.3.13.4. Product Portfolio

            16.3.13.5. Competitors & Customers

            16.3.13.6. Subsidiaries & Parent Organization

            16.3.13.7. Recent Developments

            16.3.13.8. Financial Analysis

            16.3.13.9. Profitability

            16.3.13.10. Revenue Share

            16.3.13.11. Executive Bios

        16.3.14. Lonking Forklift Co.

            16.3.14.1. Company Overview

            16.3.14.2. Company Footprints

            16.3.14.3. Production Locations

            16.3.14.4. Product Portfolio

            16.3.14.5. Competitors & Customers

            16.3.14.6. Subsidiaries & Parent Organization

            16.3.14.7. Recent Developments

            16.3.14.8. Financial Analysis

            16.3.14.9. Profitability

            16.3.14.10. Revenue Share

            16.3.14.11. Executive Bios

        16.3.15. Manitou Group

            16.3.15.1. Company Overview

            16.3.15.2. Company Footprints

            16.3.15.3. Production Locations

            16.3.15.4. Product Portfolio

            16.3.15.5. Competitors & Customers

            16.3.15.6. Subsidiaries & Parent Organization

            16.3.15.7. Recent Developments

            16.3.15.8. Financial Analysis

            16.3.15.9. Profitability

            16.3.15.10. Revenue Share

            16.3.15.11. Executive Bios

        16.3.16. Mitsubishi Forklift Corporation

            16.3.16.1. Company Overview

            16.3.16.2. Company Footprints

            16.3.16.3. Production Locations

            16.3.16.4. Product Portfolio

            16.3.16.5. Competitors & Customers

            16.3.16.6. Subsidiaries & Parent Organization

            16.3.16.7. Recent Developments

            16.3.16.8. Financial Analysis

            16.3.16.9. Profitability

            16.3.16.10. Revenue Share

            16.3.16.11. Executive Bios

        16.3.17. Toyota Industries Corporation

            16.3.17.1. Company Overview

            16.3.17.2. Company Footprints

            16.3.17.3. Production Locations

            16.3.17.4. Product Portfolio

            16.3.17.5. Competitors & Customers

            16.3.17.6. Subsidiaries & Parent Organization

            16.3.17.7. Recent Developments

            16.3.17.8. Financial Analysis

            16.3.17.9. Profitability

            16.3.17.10. Revenue Share

            16.3.17.11. Executive Bios

        16.3.18. Unicarriers Americas

            16.3.18.1. Company Overview

            16.3.18.2. Company Footprints

            16.3.18.3. Production Locations

            16.3.18.4. Product Portfolio

            16.3.18.5. Competitors & Customers

            16.3.18.6. Subsidiaries & Parent Organization

            16.3.18.7. Recent Developments

            16.3.18.8. Financial Analysis

            16.3.18.9. Profitability

            16.3.18.10. Revenue Share

            16.3.18.11. Executive Bios

        16.3.19. Other Key Players

            16.3.19.1. Company Overview

            16.3.19.2. Company Footprints

            16.3.19.3. Production Locations

            16.3.19.4. Product Portfolio

            16.3.19.5. Competitors & Customers

            16.3.19.6. Subsidiaries & Parent Organization

            16.3.19.7. Recent Developments

            16.3.19.8. Financial Analysis

            16.3.19.9. Profitability

            16.3.19.10. Revenue Share

            16.3.19.11. Executive Bios

List of Tables

Table 1: Global Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Table 2: Global Forklift Market Revenue (US$ Mn) Forecast, by Class, 2018–2033

Table 3: Global Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Table 4: Global Forklift Market Revenue (US$ Mn) Forecast, by Application, 2018–2033

Table 5: Global Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Table 6: Global Forklift Market Revenue (US$ Mn) Forecast, by Tons, 2018–2033

Table 7: Global Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Table 8: Global Forklift Market Revenue (US$ Mn) Forecast, by Automation Type, 2018–2033

Table 9: Global Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Table 10: Global Forklift Market Revenue (US$ Mn) Forecast, by Propulsion, 2018–2033

Table 11: Global Forklift Market Volume (Thousand Units) Forecast, by Region, 2018–2033

Table 12: Global Forklift Market Revenue (US$ Mn) Forecast, by Region, 2018–2033

Table 13: North America Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Table 14: North America Forklift Market Revenue (US$ Mn) Forecast, by Class, 2018–2033

Table 15: North America Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Table 16: North America Forklift Market Revenue (US$ Mn) Forecast, by Application, 2018–2033

Table 17: North America Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Table 18: North America Forklift Market Revenue (US$ Mn) Forecast, by Tons, 2018–2033

Table 19: North America Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Table 20: North America Forklift Market Revenue (US$ Mn) Forecast, by Automation Type, 2018–2033

Table 21: North America Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Table 22: North America Forklift Market Revenue (US$ Mn) Forecast, by Propulsion, 2018–2033

Table 23: North America Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Table 24: North America Forklift Market Revenue (US$ Mn) Forecast, by Country, 2018–2033

Table 25: Europe Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Table 26: Europe Forklift Market Revenue (US$ Mn) Forecast, by Class, 2018–2033

Table 27: Europe Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Table 28: Europe Forklift Market Revenue (US$ Mn) Forecast, by Application, 2018–2033

Table 29: Europe Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Table 30: Europe Forklift Market Revenue (US$ Mn) Forecast, by Tons, 2018–2033

Table 31: Europe Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Table 32: Europe Forklift Market Revenue (US$ Mn) Forecast, by Automation Type, 2018–2033

Table 33: Europe Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Table 34: Europe Forklift Market Revenue (US$ Mn) Forecast, by Propulsion, 2018–2033

Table 35: Europe Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Table 36: Europe Forklift Market Revenue (US$ Mn) Forecast, by Country, 2018–2033

Table 37: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Table 38: Asia Pacific Forklift Market Revenue (US$ Mn) Forecast, by Class, 2018–2033

Table 39: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Table 40: Asia Pacific Forklift Market Revenue (US$ Mn) Forecast, by Application, 2018–2033

Table 41: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Table 42: Asia Pacific Forklift Market Revenue (US$ Mn) Forecast, by Tons, 2018–2033

Table 43: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Table 44: Asia Pacific Forklift Market Revenue (US$ Mn) Forecast, by Automation Type, 2018–2033

Table 45: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Table 46: Asia Pacific Forklift Market Revenue (US$ Mn) Forecast, by Propulsion, 2018–2033

Table 47: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Table 48: Asia Pacific Forklift Market Revenue (US$ Mn) Forecast, by Country, 2018–2033

Table 49: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Table 50: Middle East & Africa Forklift Market Revenue (US$ Mn) Forecast, by Class, 2018–2033

Table 51: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Table 52: Middle East & Africa Forklift Market Revenue (US$ Mn) Forecast, by Application, 2018–2033

Table 53: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Table 54: Middle East & Africa Forklift Market Revenue (US$ Mn) Forecast, by Tons, 2018–2033

Table 55: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Table 56: Middle East & Africa Forklift Market Revenue (US$ Mn) Forecast, by Automation Type, 2018–2033

Table 57: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Table 58: Middle East & Africa Forklift Market Revenue (US$ Mn) Forecast, by Propulsion, 2018–2033

Table 59: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Table 60: Middle East & Africa Forklift Market Revenue (US$ Mn) Forecast, by Country, 2018–2033

Table 61: South America Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Table 62: South America Forklift Market Revenue (US$ Mn) Forecast, by Class, 2018–2033

Table 63: South America Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Table 64: South America Forklift Market Revenue (US$ Mn) Forecast, by Application, 2018–2033

Table 65: South America Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Table 66: South America Forklift Market Revenue (US$ Mn) Forecast, by Tons, 2018–2033

Table 67: South America Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Table 68: South America Forklift Market Revenue (US$ Mn) Forecast, by Automation Type, 2018–2033

Table 69: South America Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Table 70: South America Forklift Market Revenue (US$ Mn) Forecast, by Propulsion, 2018–2033

Table 71: South America Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Table 72: South America Forklift Market Revenue (US$ Mn) Forecast, by Country, 2018–2033

List of Figures

Figure 1: Global Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Figure 2: Global Forklift Market Value (US$ Mn) Forecast, by Class, 2018–2033

Figure 3: Global Forklift Market, Incremental Opportunity, by Class, Value (US$ Mn), 2023–2031

Figure 4: Global Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Figure 5: Global Forklift Market Value (US$ Mn) Forecast, by Application, 2018–2033

Figure 6: Global Forklift Market, Incremental Opportunity, by Application, Value (US$ Mn), 2023–2031

Figure 7: Global Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Figure 8: Global Forklift Market Value (US$ Mn) Forecast, by Tons, 2018–2033

Figure 9: Global Forklift Market, Incremental Opportunity, by Tons, Value (US$ Mn), 2023–2031

Figure 10: Global Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Figure 11: Global Forklift Market Value (US$ Mn) Forecast, by Automation Type, 2018–2033

Figure 12: Global Forklift Market, Incremental Opportunity, by Automation Type, Value (US$ Mn), 2023–2031

Figure 13: Global Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Figure 14: Global Forklift Market Value (US$ Mn) Forecast, by Propulsion, 2018–2033

Figure 15: Global Forklift Market, Incremental Opportunity, by Propulsion, Value (US$ Mn), 2023–2031

Figure 16: Global Forklift Market Volume (Thousand Units) Forecast, by Region, 2018–2033

Figure 17: Global Forklift Market Value (US$ Mn) Forecast, by Region, 2018–2033

Figure 18: Global Forklift Market, Incremental Opportunity, by Region, Value (US$ Mn), 2023–2031

Figure 19: North America Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Figure 20: North America Forklift Market Value (US$ Mn) Forecast, by Class, 2018–2033

Figure 21: North America Forklift Market, Incremental Opportunity, by Class, Value (US$ Mn), 2023–2031

Figure 22: North America Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Figure 23: North America Forklift Market Value (US$ Mn) Forecast, by Application, 2018–2033

Figure 24: North America Forklift Market, Incremental Opportunity, by Application, Value (US$ Mn), 2023–2031

Figure 25: North America Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Figure 26: North America Forklift Market Value (US$ Mn) Forecast, by Tons, 2018–2033

Figure 27: North America Forklift Market, Incremental Opportunity, by Tons, Value (US$ Mn), 2023–2031

Figure 28: North America Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Figure 29: North America Forklift Market Value (US$ Mn) Forecast, by Automation Type, 2018–2033

Figure 30: North America Forklift Market, Incremental Opportunity, by Automation Type, Value (US$ Mn), 2023–2031

Figure 31: North America Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Figure 32: North America Forklift Market Value (US$ Mn) Forecast, by Propulsion, 2018–2033

Figure 33: North America Forklift Market, Incremental Opportunity, by Propulsion, Value (US$ Mn), 2023–2031

Figure 34: North America Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Figure 35: North America Forklift Market Value (US$ Mn) Forecast, by Country, 2018–2033

Figure 36: North America Forklift Market, Incremental Opportunity, by Country, Value (US$ Mn), 2023–2031

Figure 37: Europe Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Figure 38: Europe Forklift Market Value (US$ Mn) Forecast, by Class, 2018–2033

Figure 39: Europe Forklift Market, Incremental Opportunity, by Class, Value (US$ Mn), 2023–2031

Figure 40: Europe Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Figure 41: Europe Forklift Market Value (US$ Mn) Forecast, by Application, 2018–2033

Figure 42: Europe Forklift Market, Incremental Opportunity, by Application, Value (US$ Mn), 2023–2031

Figure 43: Europe Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Figure 44: Europe Forklift Market Value (US$ Mn) Forecast, by Tons, 2018–2033

Figure 45: Europe Forklift Market, Incremental Opportunity, by Tons, Value (US$ Mn), 2023–2031

Figure 46: Europe Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Figure 47: Europe Forklift Market Value (US$ Mn) Forecast, by Automation Type, 2018–2033

Figure 48: Europe Forklift Market, Incremental Opportunity, by Automation Type, Value (US$ Mn), 2023–2031

Figure 49: Europe Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Figure 50: Europe Forklift Market Value (US$ Mn) Forecast, by Propulsion, 2018–2033

Figure 51: Europe Forklift Market, Incremental Opportunity, by Propulsion, Value (US$ Mn), 2023–2031

Figure 52: Europe Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Figure 53: Europe Forklift Market Value (US$ Mn) Forecast, by Country, 2018–2033

Figure 54: Europe Forklift Market, Incremental Opportunity, by Country, Value (US$ Mn), 2023–2031

Figure 55: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Figure 56: Asia Pacific Forklift Market Value (US$ Mn) Forecast, by Class, 2018–2033

Figure 57: Asia Pacific Forklift Market, Incremental Opportunity, by Class, Value (US$ Mn), 2023–2031

Figure 58: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Figure 59: Asia Pacific Forklift Market Value (US$ Mn) Forecast, by Application, 2018–2033

Figure 60: Asia Pacific Forklift Market, Incremental Opportunity, by Application, Value (US$ Mn), 2023–2031

Figure 61: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Figure 62: Asia Pacific Forklift Market Value (US$ Mn) Forecast, by Tons, 2018–2033

Figure 63: Asia Pacific Forklift Market, Incremental Opportunity, by Tons, Value (US$ Mn), 2023–2031

Figure 64: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Figure 65: Asia Pacific Forklift Market Value (US$ Mn) Forecast, by Automation Type, 2018–2033

Figure 66: Asia Pacific Forklift Market, Incremental Opportunity, by Automation Type, Value (US$ Mn), 2023–2031

Figure 67: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Figure 68: Asia Pacific Forklift Market Value (US$ Mn) Forecast, by Propulsion, 2018–2033

Figure 69: Asia Pacific Forklift Market, Incremental Opportunity, by Propulsion, Value (US$ Mn), 2023–2031

Figure 70: Asia Pacific Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Figure 71: Asia Pacific Forklift Market Value (US$ Mn) Forecast, by Country, 2018–2033

Figure 72: Asia Pacific Forklift Market, Incremental Opportunity, by Country, Value (US$ Mn), 2023–2031

Figure 73: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Figure 74: Middle East & Africa Forklift Market Value (US$ Mn) Forecast, by Class, 2018–2033

Figure 75: Middle East & Africa Forklift Market, Incremental Opportunity, by Class, Value (US$ Mn), 2023–2031

Figure 76: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Figure 77: Middle East & Africa Forklift Market Value (US$ Mn) Forecast, by Application, 2018–2033

Figure 78: Middle East & Africa Forklift Market, Incremental Opportunity, by Application, Value (US$ Mn), 2023–2031

Figure 79: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Figure 80: Middle East & Africa Forklift Market Value (US$ Mn) Forecast, by Tons, 2018–2033

Figure 81: Middle East & Africa Forklift Market, Incremental Opportunity, by Tons, Value (US$ Mn), 2023–2031

Figure 82: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Figure 83: Middle East & Africa Forklift Market Value (US$ Mn) Forecast, by Automation Type, 2018–2033

Figure 84: Middle East & Africa Forklift Market, Incremental Opportunity, by Automation Type, Value (US$ Mn), 2023–2031

Figure 85: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Figure 86: Middle East & Africa Forklift Market Value (US$ Mn) Forecast, by Propulsion, 2018–2033

Figure 87: Middle East & Africa Forklift Market, Incremental Opportunity, by Propulsion, Value (US$ Mn), 2023–2031

Figure 88: Middle East & Africa Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Figure 89: Middle East & Africa Forklift Market Value (US$ Mn) Forecast, by Country, 2018–2033

Figure 90: Middle East & Africa Forklift Market, Incremental Opportunity, by Country, Value (US$ Mn), 2023–2031

Figure 91: South America Forklift Market Volume (Thousand Units) Forecast, by Class, 2018–2033

Figure 92: South America Forklift Market Value (US$ Mn) Forecast, by Class, 2018–2033

Figure 93: South America Forklift Market, Incremental Opportunity, by Class, Value (US$ Mn), 2023–2031

Figure 94: South America Forklift Market Volume (Thousand Units) Forecast, by Application, 2018–2033

Figure 95: South America Forklift Market Value (US$ Mn) Forecast, by Application, 2018–2033

Figure 96: South America Forklift Market, Incremental Opportunity, by Application, Value (US$ Mn), 2023–2031

Figure 97: South America Forklift Market Volume (Thousand Units) Forecast, by Tons, 2018–2033

Figure 98: South America Forklift Market Value (US$ Mn) Forecast, by Tons, 2018–2033

Figure 99: South America Forklift Market, Incremental Opportunity, by Tons, Value (US$ Mn), 2023–2031

Figure 100: South America Forklift Market Volume (Thousand Units) Forecast, by Automation Type, 2018–2033

Figure 101: South America Forklift Market Value (US$ Mn) Forecast, by Automation Type, 2018–2033

Figure 102: South America Forklift Market, Incremental Opportunity, by Automation Type, Value (US$ Mn), 2023–2031

Figure 103: South America Forklift Market Volume (Thousand Units) Forecast, by Propulsion, 2018–2033

Figure 104: South America Forklift Market Value (US$ Mn) Forecast, by Propulsion, 2018–2033

Figure 105: South America Forklift Market, Incremental Opportunity, by Propulsion, Value (US$ Mn), 2023–2031

Figure 106: South America Forklift Market Volume (Thousand Units) Forecast, by Country, 2018–2033

Figure 107: South America Forklift Market Value (US$ Mn) Forecast, by Country, 2018–2033

Figure 108: South America Forklift Market, Incremental Opportunity, by Country, Value (US$ Mn), 2023–2031

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