The global Forklift market size is estimated to be $60.8 billion in 2023, and Market IntelliX analysts predict it will reach $106.8 billion by 2031, growing at a CAGR of 7.3% during the forecast period from 2023 to 2031.

This report studies the Forklift market, covering market size for segment by type (Internal Combustion Engine Forklift, Electric Forklift, etc.), by application (Freight & Logistics, Retail & E-commerce, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Toyota, KION Group, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).

This report provides detailed historical analysis of global market for Forklift from 2017-2022, and provides extensive market forecasts from 2023-2031 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Forklift market.

Leading Players of Forklift including:

Toyota

KION Group

Jungheinrich

Mitsubishi Logisnext

Crown Equipment

Hyster-Yale

Anhui Heli

Hangcha

Clark Material Handling

Doosan Corporation Industrial Vehicle

Komatsu

Lonking

Hyundai Heavy Industries

EP Equipment

Manitou

Paletrans Equipment

Combilift

Hubtex Maschinenbau

Godrej & Boyce

Market split by Type:

Internal Combustion Engine Forklift

Electric Forklift

Others

Market split by Application:

Freight & Logistics

Retail & E-commerce

Construction

Manufacturing

Others

Market split by Sales Channel:

Direct Channel

Distribution Channel

Market split by Region/Country:

North America (United States and Canada)

Europe (Germany, UK, France, Italy, Spain, and Russia, etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia, etc.)

South America (Brazil, Mexico, and Argentina, etc.)

Middle East & Africa (Turkey, UAE, Saudi Arabia, and South Africa, etc.)

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Chapter 1 Forklift Market Overview

1.1 Forklift Definition

1.2 Global Forklift Market Size Status and Outlook (2017-2031)

1.3 Global Forklift Market Size Comparison by Region (2017-2031)

1.4 Global Forklift Market Size Comparison by Type (2017-2031)

1.5 Global Forklift Market Size Comparison by Application (2017-2031)

1.6 Global Forklift Market Size Comparison by Sales Channel (2017-2031)

1.7 Forklift Market Dynamics

1.7.1 Market Drivers/Opportunities

1.7.2 Market Challenges/Risks

1.7.3 Market News (Merger/Acquisition/Expansion)

1.7.4 Key Trends in Forklift Market

Chapter 2 Forklift Market Competition by Player

2.1 Global Forklift Sales and Market Share by Player (2020-2022)

2.2 Global Forklift Revenue and Market Share by Player (2020-2022)

2.3 Global Forklift Average Price by Player (2020-2022)

2.4 Players Competition Situation & Trends

2.5 Conclusion of Segment by Player

Chapter 3 Forklift Market Segment by Type

3.1 Global Forklift Market by Type

3.1.1 Internal Combustion Engine Forklift

3.1.2 Electric Forklift

3.1.3 Others

3.2 Global Forklift Sales and Market Share by Type (2017-2022)

3.3 Global Forklift Revenue and Market Share by Type (2017-2022)

3.4 Global Forklift Average Price by Type (2017-2022)

3.5 Conclusion of Segment by Type

Chapter 4 Forklift Market Segment by Application

4.1 Global Forklift Market by Application

4.1.1 Freight & Logistics

4.1.2 Retail & E-commerce

4.1.3 Construction

4.1.4 Manufacturing

4.1.5 Others

4.2 Global Forklift Revenue and Market Share by Application (2017-2022)

4.3 Conclusion of Segment by Application

Chapter 5 Forklift Market Segment by Sales Channel

5.1 Global Forklift Market by Sales Channel

5.1.1 Direct Channel

5.1.2 Distribution Channel

5.2 Global Forklift Revenue and Market Share by Sales Channel (2017-2022)

5.3 Conclusion of Segment by Sales Channel

Chapter 6 Forklift Market Segment by Region & Country

6.1 Global Forklift Market Size and CAGR by Region (2017-2031)

6.2 Global Forklift Sales and Market Share by Region (2017-2022)

6.3 Global Forklift Revenue and Market Share by Region (2017-2022)

6.4 North America

6.4.1 North America Market by Country

6.4.2 North America Forklift Market Share by Type

6.4.3 North America Forklift Market Share by Application

6.4.4 United States

6.4.5 Canada

6.5 Europe

6.5.1 Europe Market by Country

6.5.2 Europe Forklift Market Share by Type

6.5.3 Europe Forklift Market Share by Application

6.5.4 Germany

6.5.5 UK

6.5.6 France

6.5.7 Italy

6.5.8 Spain

6.5.9 Russia

6.6 Asia-Pacific

6.6.1 Asia-Pacific Market by Country

6.6.2 Asia-Pacific Forklift Market Share by Type

6.6.3 Asia-Pacific Forklift Market Share by Application

6.6.4 China

6.6.5 Japan

6.6.6 Korea

6.6.7 India

6.6.8 Southeast Asia

6.6.9 Australia

6.7 South America

6.7.1 South America Market by Country

6.7.2 South America Forklift Market Share by Type

6.7.3 South America Forklift Market Share by Application

6.7.4 Brazil

6.7.5 Mexico

6.7.6 Argentina

6.7.7 Colombia

6.8 Middle East & Africa

6.8.1 Middle East & Africa Market by Country

6.8.2 Middle East & Africa Forklift Market Share by Type

6.8.3 Middle East & Africa Forklift Market Share by Application

6.8.4 Turkey

6.8.5 UAE

6.8.6 Saudi Arabia

6.8.7 South Africa

6.9 Conclusion of Segment by Region

Chapter 7 Profile of Leading Forklift Players

7.1 Toyota

7.1.1 Company Snapshot

7.1.2 Product/Service Offered

7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)

7.2 KION Group

7.3 Jungheinrich

7.4 Mitsubishi Logisnext

7.5 Crown Equipment

7.6 Hyster-Yale

7.7 Anhui Heli

7.8 Hangcha

7.9 Clark Material Handling

7.10 Doosan Corporation Industrial Vehicle

7.11 Komatsu

7.12 Lonking

7.13 Hyundai Heavy Industries

7.14 EP Equipment

7.15 Manitou

7.16 Paletrans Equipment

7.17 Combilift

7.18 Hubtex Maschinenbau

7.19 Godrej & Boyce

Chapter 8 Upstream and Downstream Analysis of Forklift

8.1 Industrial Chain of Forklift

8.2 Upstream of Forklift

8.3 Downstream of Forklift

Chapter 9 Development Trend of Forklift (2023-2031)

9.1 Global Forklift Market Size (Sales and Revenue) Forecast (2023-2031)

9.2 Global Forklift Market Size and CAGR Forecast by Region (2023-2031)

9.3 Global Forklift Market Size and CAGR Forecast by Type (2023-2031)

9.4 Global Forklift Market Size and CAGR Forecast by Application (2023-2031)

9.5 Global Forklift Market Size and CAGR Forecast by Sales Channel (2023-2031)

Chapter 10 Appendix

10.1 Research Methodology

10.2 Data Sources

10.3 Disclaimer

10.4 Analysts Certification

List of Tables and Figures

Figure Forklift Example

Figure Global Forklift Revenue (Million $) Status and Outlook (2017-2031)

Figure Global Forklift Revenue (Million $) Comparison by Region (2017-2031)

Figure Global Forklift Revenue (Million $) Comparison by Type (2017-2031)

Figure Global Forklift Revenue (Million $) Comparison by Application (2017-2031)

Figure Global Forklift Revenue (Million $) Comparison by Sales Channel (2017-2031)

Table Global Forklift Sales by Player (2020-2022)

Table Global Forklift Sales Market Share by Player (2020-2022)

Figure Global Forklift Sales Market Share by Player in 2022

Table Global Forklift Revenue (Million $) by Player (2020-2022)

Table Global Forklift Revenue Market Share by Player (2020-2022)

Figure Global Forklift Revenue Market Share by Player in 2022

Table Global Forklift Average Price by Player (2020-2022)

Figure Global Forklift Average Price by Player in 2022

Figure Global Forklift Players Competition Situation – Top 5 Players’ Revenue Market Share in 2020

Figure Global Forklift Players Competition Trends – Top 5 Players’ Revenue Market Share in 2022

Figure Example of Internal Combustion Engine Forklift

Figure Global Internal Combustion Engine Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Example of Electric Forklift

Figure Global Electric Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Example of Others

Figure Global Others Revenue (Million $) and Growth Rate (2017-2022)

Table Global Forklift Sales by Type (2017-2022)

Table Global Forklift Sales Market Share by Type (2017-2022)

Figure Global Forklift Sales Market Share by Type in 2022

Table Global Forklift Revenue (Million $) by Type (2017-2022)

Table Global Forklift Revenue Market Share by Type (2017-2022)

Figure Global Forklift Revenue Market Share by Type in 2022

Table Global Forklift Average Price by Type (2017-2022)

Figure Global Forklift Average Price by Type in 2022

Table Leading Players of Forklift by Type in 2022

Figure Example of Freight & Logistics

Figure Global Forklift for Freight & Logistics Revenue (Million $) and Growth Rate (2017-2022)

Figure Example of Retail & E-commerce

Figure Global Forklift for Retail & E-commerce Revenue (Million $) and Growth Rate (2017-2022)

Figure Example of Construction

Figure Global Forklift for Construction Revenue (Million $) and Growth Rate (2017-2022)

Figure Example of Manufacturing

Figure Global Forklift for Manufacturing Revenue (Million $) and Growth Rate (2017-2022)

Figure Example of Others

Figure Global Forklift for Others Revenue (Million $) and Growth Rate (2017-2022)

Table Global Forklift Sales by Application (2017-2022)

Table Global Forklift Sales Market Share by Application (2017-2022)

Figure Global Forklift Sales Market Share by Application in 2022

Table Leading Consumers of Forklift by Application in 2022

Figure Example of Direct Channel

Figure Global Forklift for Direct Channel Revenue (Million $) and Growth Rate (2017-2022)

Figure Example of Distribution Channel

Figure Global Forklift for Distribution Channel Revenue (Million $) and Growth Rate (2017-2022)

Table Global Forklift Revenue by Sales Channel (2017-2022)

Table Global Forklift Revenue Market Share by Sales Channel (2017-2022)

Figure Global Forklift Revenue Market Share by Sales Channel in 2022

Table Leading Distributors/Dealers of Forklift by Sales Channel in 2022

Table Global Forklift Market Size and CAGR by Region (2017-2031)

Table Global Forklift Sales by Region (2017-2022)

Table Global Forklift Sales Market Share by Region (2017-2022)

Figure Global Forklift Sales Market Share by Region in 2022

Table Global Forklift Revenue (Million $) by Region (2017-2022)

Table Global Forklift Revenue Market Share by Region (2017-2022)

Figure Global Forklift Revenue Market Share by Region in 2022

Table North America Forklift Sales by Country (2017-2022)

Figure North America Forklift Sales Market Share by Country (2017-2022)

Table North America Forklift Revenue by Country (2017-2022)

Figure North America Forklift Revenue Market Share by Country (2017-2022)

Figure North America Forklift Market Share by Type in 2022

Figure North America Forklift Market Share by Application in 2022

Figure United States Forklift Sales and Growth Rate (2017-2022)

Figure United States Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Canada Forklift Sales and Growth Rate (2017-2022)

Figure Canada Forklift Revenue (Million $) and Growth Rate (2017-2022)

Table Europe Forklift Sales by Country (2017-2022)

Figure Europe Forklift Sales Market Share by Country (2017-2022)

Table Europe Forklift Revenue by Country (2017-2022)

Figure Europe Forklift Revenue Market Share by Country (2017-2022)

Figure Europe Forklift Market Share by Type in 2022

Figure Europe Forklift Market Share by Application in 2022

Figure Germany Forklift Sales and Growth Rate (2017-2022)

Figure Germany Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure UK Forklift Sales and Growth Rate (2017-2022)

Figure UK Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure France Forklift Sales and Growth Rate (2017-2022)

Figure France Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Italy Forklift Sales and Growth Rate (2017-2022)

Figure Italy Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Spain Forklift Sales and Growth Rate (2017-2022)

Figure Spain Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Russia Forklift Sales and Growth Rate (2017-2022)

Figure Russia Forklift Revenue (Million $) and Growth Rate (2017-2022)

Table Asia-Pacific Forklift Sales by Country (2017-2022)

Figure Asia-Pacific Forklift Sales Market Share by Country (2017-2022)

Table Asia-Pacific Forklift Revenue by Country (2017-2022)

Figure Asia-Pacific Forklift Revenue Market Share by Country (2017-2022)

Figure Asia-Pacific Forklift Market Share by Type in 2022

Figure Asia-Pacific Forklift Market Share by Application in 2022

Figure China Forklift Sales and Growth Rate (2017-2022)

Figure China Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Japan Forklift Sales and Growth Rate (2017-2022)

Figure Japan Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Korea Forklift Sales and Growth Rate (2017-2022)

Figure Korea Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure India Forklift Sales and Growth Rate (2017-2022)

Figure India Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Southeast Asia Forklift Sales and Growth Rate (2017-2022)

Figure Southeast Asia Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Australia Forklift Sales and Growth Rate (2017-2022)

Figure Australia Forklift Revenue (Million $) and Growth Rate (2017-2022)

Table South America Forklift Sales by Country (2017-2022)

Figure South America Forklift Sales Market Share by Country (2017-2022)

Table South America Forklift Revenue by Country (2017-2022)

Figure South America Forklift Revenue Market Share by Country (2017-2022)

Figure South America Forklift Market Share by Type in 2022

Figure South America Forklift Market Share by Application in 2022

Figure Brazil Forklift Sales and Growth Rate (2017-2022)

Figure Brazil Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Mexico Forklift Sales and Growth Rate (2017-2022)

Figure Mexico Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Argentina Forklift Sales and Growth Rate (2017-2022)

Figure Argentina Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Colombia Forklift Sales and Growth Rate (2017-2022)

Figure Colombia Forklift Revenue (Million $) and Growth Rate (2017-2022)

Table Middle East & Africa Forklift Sales by Country (2017-2022)

Figure Middle East & Africa Forklift Sales Market Share by Country (2017-2022)

Table Middle East & Africa Forklift Revenue by Country (2017-2022)

Figure Middle East & Africa Forklift Revenue Market Share by Country (2017-2022)

Figure Middle East & Africa Forklift Market Share by Type in 2022

Figure Middle East & Africa Forklift Market Share by Application in 2022

Figure Turkey Forklift Sales and Growth Rate (2017-2022)

Figure Turkey Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure UAE Forklift Sales and Growth Rate (2017-2022)

Figure UAE Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure Saudi Arabia Forklift Sales and Growth Rate (2017-2022)

Figure Saudi Arabia Forklift Revenue (Million $) and Growth Rate (2017-2022)

Figure South Africa Forklift Sales and Growth Rate (2017-2022)

Figure South Africa Forklift Revenue (Million $) and Growth Rate (2017-2022)

Table Company Snapshot of Toyota

Table Forklift Introduction of Toyota

Table Forklift Sales, Price, Revenue, Gross Margin and Market Share of Toyota (2020-2022)

Table Industrial Chain of Forklift

Table Manufacturing Cost Structure of Forklift

Table General Manufacturing Process of Forklift

Table Leading Distributors/Dealers of Forklift

Table Leading Consumers of Forklift

Figure Global Forklift Sales and Growth Rate Forecast (2023-2031)

Figure Global Forklift Revenue and Growth Rate Forecast (2023-2031)

Table Global Forklift Market Size and CAGR Forecast by Region (2023-2031)

Table Global Forklift Market Size and CAGR Forecast by Type (2023-2031)

Table Global Forklift Market Size and CAGR Forecast by Application (2023-2031)

Table Global Forklift Market Size and CAGR Forecast by Sales Channel (2023-2031)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)