The global forklift trucks market is expected to grow from USD 34,927.57 million 2017 to USD 53,891.57 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 6.39%.

"Rapidly growing warehouse establishments
is one of the factors largely attributing to the growth of forklift trucks market globally"

The factors attributing to the growth of the market are rapidly growing warehouse establishments, increasing commercial space prices, and increasing demand for logistics in the manufacturing industry. However, some factors such as lack of skilled labor, and limited availability of original components may hinder the market growth. The global forklift trucks market is expected to showcase the opportunities such as rise in the adoption of green logistics solutions, and increasing penetration of e-commerce. In the near future, the market may face the possible challenges in the growth due to and high initial cost of purchase. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global forklift trucks market market."Internal Combustion Engine Trucks: The highest growing class for the global forklift trucks market"

On the basis of class, the global forklift trucks market is studied across Electric & Internal Combustion Engine Tractors, Electric Motor Hand Trucks, Electric Motor Narrow Aisle Trucks, Electric Motor Rider Trucks, and Internal Combustion Engine Trucks. Among all these class, the Internal Combustion Engine Trucks is projected to hold the largest market share while the Electric Motor Rider Trucks has the potential to grow the market with the highest CAGR in the forecast period."Internal Combustion Engine: The highest growing power source for the global forklift trucks market"

On the basis of power source, the global forklift trucks market is studied across Electric Motor and Internal Combustion Engine. Among all these power source, the Internal Combustion Engine is projected to hold the largest market share while the Electric Motor has the potential to grow the market with the highest CAGR in the forecast period."Transportation and Logistics: The highest growing end user for the global forklift trucks market"

On the basis of end user, the global forklift trucks market is studied across Construction, Food & Beverages, Manufacturing, Retail, and Transportation and Logistics. Among all these end user, the Transportation and Logistics has captured the maximum market share while the Retail has the opportunity to emerge with the highest CAGR."Asia-Pacific: The highest growing geography for the global forklift trucks market"

On the basis of geography, the global forklift trucks market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Americas is showing the maximum growth in the near future with the highest CAGR while the Asia-Pacific is dominating the market with highest market size.

"Clark Material Handling Company Inc: The potential growing player for the global forklift trucks market"

The key players profiled in the global forklift trucks market are Clark Material Handling Company Inc, Combilift Ltd, Crown Equipment Corp, Doosan Industrial Vehicles Co., Ltd, Godrej and Boyce Manufacturing Co., Ltd, Hyster-Yale Materials Handling Inc., Hyundai Heavy Industries Co., Ltd, Jungheinrich AG, KION Group, Komatsu Ltd, Mitsubishi Nichiyu Forklift Co, and Toyota Industries Corporation.


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global forklift trucks market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global forklift trucks market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global forklift trucks market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global forklift trucks market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global forklift trucks market.