Global forklift market expected to reach $4.65 billion by 2030, outlines report by Next Move Strategy Consulting – Yahoo Finance | Region & Cash

Next Move Strategy Consulting

Increasing investment in infrastructure development, the benefits such as saving time and increasing efficiency, as well as the expansion of e-commerce industry are the factors leading to the growth of the global forklift truck market.

NEW YORK, July 19, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global forklift market generated $2.06 billion in 2021 and is projected to generate $4.65 billion by 2030, at a CAGR of 9.5% from 2022 to 2030. The report provides a detailed analysis of the current market size and estimates, driving forces and opportunities, and the competitive landscape. Furthermore, key segments and sub-segments are analyzed along with regions and their respective countries.

With all information, data and statistics on 300 pages, supported by 169 tables and 139 figures, the report is a helpful guide for leading market participants, investors and start-ups who want to strengthen their position in the forklift industry. The study also highlights the impact of Covid-19 on the market size and the strategy of market players to deal with the pandemic.

Request a free sample:

report coverage


forecast period


base year


Market size in 2021

$2.06 billion

Market size in 2030

$4.65 billion



number of pages






segments covered

Power source, class, end use and geography.


Increase in investments in infrastructure development

The expansion of the e-commerce industry


Increasing demand for easy movement and organization of goods

The emergence and use of hydrogen fuel cell forklifts

The report provides a detailed analysis of changing market dynamics and opportunities of the global Forklift Trucks market. It highlights the driving forces and restraints to help market participants to strategize. Increasing investment in infrastructure development, the benefits such as saving time and increasing efficiency, as well as the expansion of e-commerce industry are the factors leading to the growth of global forklift truck market share. However, the high cost of these trucks is restraining the market growth.

Outlining the opportunities playing a crucial role in increasing the market size of forklift trucks, the lead analyst for the Automotive & Transportation category at Next Move Strategy Consulting stated, “The increasing demand for easy movement and organization of goods presents opportunities in the future Years. In addition, the advent and deployment of hydrogen fuel cell forklifts will improve the efficiency of operations in manufacturing facilities, which in turn will provide more opportunities.”

Buy this report right here:

The report provides detailed segmentation of the global forklift truck market based on energy source, class, end-use and geography. With the help of tables and figures, the report analyzes each segment and sub-segment to provide a better understanding of the market. Based on performance, the report classifies the source segment into Internal Combustion Engines and Electric Powertrains. Based on class, the report further segments the market into class 1, class 2, class 3, class 4, class 5 and others. By end-use, the report segments the market into retail and wholesale, automotive, logistics, food industry, and others.

If you need a customized report, contact us here:

Based on geography, the study further subdivides the market into North America, Europe, Asia Pacific and RoW. According to the report, North America held the lion’s share in 2021 and will maintain its dominant position throughout the forecast period. This is due to the increasing adoption of forklifts in various end-user industries. On the other hand, the Asia-Pacific region would grow steadily in the coming years due to the increasing demand for automation in the developing countries. The study analyzes each segment and sub-segment based on regions and countries to help market players determine strategies and geographies for expansion.

If you have any questions, you can inquire before buying:

The study provides a detailed analysis of leading market players operating in the global forklift truck market. This analysis highlights the competitive scenario and the strategies employed by leading players to gain a competitive edge. Leading players profiled and analyzed in the study include Crown Equipment Corporation, Hangcha, EP Equipment, Jungheinrich AG, Hyster-Yale Material Handling, Inc., Komatsu Ltd., Kion Group AG, Mitsubishi Logisnext Co., Ltd ., Lonking Machinery Co., Ltd., Toyota Industries Corporation and others. They are also analyzed based on product portfolio and sales value for different segments.

Buy a full report here:

Also browse related reports:

Hydrogen fuel cell vehicle market by Vehicle Type (Car and Commercial Vehicle) and by Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

autonomous vehicle market by Automation Degree (Level 3, Level 4 and Level 5), by Component (Hardware, Service and Software), by Application (Civil Transportation, Robo-Taxi, Hail Traffic, Rideshare, Self-Driving Truck and Self-Driving Bus) – Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Automated guided vehicle (AGV) market. by type (tractors, unit loads, pallet trucks, conveyors, forklifts and other types), by navigation technology (laser guidance, magnetic guidance, induction/wire guidance, optical tape guidance, optical guidance and other technologies). ), by payload capacity (low, medium, and high), by battery type (lead acid, lithium-ion, nickel-based, and others), by operation mode (indoor and outdoor), by application (logistics and warehousing, assembly, packaging, trailer loading and unloading, commodity handling and other applications) and by industry (automotive, metals and heavy equipment, railroad, semiconductor and electronics, chemical, healthcare, aviation, e-commerce and logistics). , Food & Beverage & Other Industries) – Global Opportunity Analysis & Industry Forecast, 2022-2030

About us:

Next Move Strategy Consulting is a leading market research and management consulting firm committed to providing clients with strategically analyzed, well-documented, cutting-edge research reports. The research industry is awash with many companies to choose from. What sets Next Move apart from the rest is its world-class research and obsession with turning data into knowledge by analyzing every piece of it and providing fact-based research recommendations backed by information gathered from over 500 million websites, paid databases, industry journals, and One-on-one consultations with industry experts from a variety of industries have been collected. The high quality, customized research reports with actionable insights and excellent end-to-end customer service help our clients make important business decisions that enable them to go ahead and have a competitive advantage in the industry.

We’ve served over 1,000 customers worldwide for over a decade, including 90% of the Fortune 500 companies. Our analysts constantly follow various high-growth markets and identify hidden opportunities in each sector or industry. We offer one of the industry’s best syndicates as well as custom research reports for 10 different industry verticals. We strive to deliver high quality research solutions in alignment with your business needs. Our industry-standard delivery solutions, ranging from pre-consultation to after-sales service, provide a superior customer experience and ensure the right strategic decision-making for businesses.

CONTACT: Joseph Lawrence Head - Client Engagement & Servicing Next Move Strategy Consulting E-Mail: Direct: +1-217-650-7991 You can also email us at - Website:

Leave a Comment