The global forklift truck market is expected to grow at a CAGR of around 4.3% during 2021-2029. This report on global forklift truck market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global forklift truck market by segmenting the market based on product type, technology, class, application, and region. Also, detailed profiles of companies operating in the forklift truck market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers
• Growing Construction Industry
• Widely Used for Performing Various Industrial Tasks

Market Challenges
• High Initial Costs
• Labour Skill Issues

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Product Type
• Counterbalanced Forklift Trucks
• Warehouse Forklift Trucks

Market by Technology
• Electricity Powered
• Internal Combustion Engine Powered

Market by Class
• Class I
• Class II
• Class III
• Class IV
• Class V

Market by Application
• Non-Industrial
o Warehouses and Distribution Centers
o Construction Sites
o Dockyards
o Snow Plows
• Industrial
o Manufacturing
o Recycling Operations

Market by Region
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o Iran
o Rest of Middle East & Africa