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.
First, in recent time, high growth in the transport and trading industries, as well as the increasing penetration rate of forklift trucks in manufacturing industry, is some of the major drivers of global forklift truck industry.
Second, during the past sixteen years from 2000 to 2015, global forklift truck industry developed fast, with annual factory shipment increased from 603.58 k units in 2000 to more than 1000 k units in 2014 and 2015, and the CAGR is near 4%.
Third, at present, global forklift truck industry shows a high concentration. Among the manufacturers, Toyota (Japan) and Kion (Germany) are the top two largest around the world with more than 35% of the global total revenue in 2015. In Europe, Kion (Germany) and Jungheinrich (Germany) are the largest two companies while Hyster-Yale and Crown are the largest in USA.
The Forklift Trucks Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Forklift Trucks industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Forklift Trucks by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Forklift Trucks market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Forklift Trucks market for 2015-2027.

Key Companies
Toyota
Kion
Jungheinrich
Hyster-Yale
Crown
Mitsubishi Nichiyu
UniCarriers
Anhui Heli
Hangcha
Komatsu
Clark
Doosan
Hyundai
EP
Lonking
Combilift
Tailift Group
Hubtex
Hytsu Group
Godrej & Boyce
Paletrans

Forklift Trucks Market by Type
Electric Motor Rider Trucks
Electric Motor Narrow Aisle Trucks
Electric Motor Hand or Hand-Rider Trucks
Internal Combustion Engine Trucks - Cushion Tires
Internal Combustion Engine Trucks - Pneumatic Tires
Electric and Internal Combustion Engine Tractors
Rough Terrain Forklift Trucks
Forklift Trucks Market by Application
Factories
Warehouses
Stations
Ports
Airports
Distribution centers

At the same time, we classify Forklift Trucks according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Forklift Trucks market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Forklift Trucks market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Forklift Trucks market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Forklift Trucks market for the forecast period 2021 - 2027?
• What are the driving forces in the Forklift Trucks market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Forklift Trucks industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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