Global Markets for Forklift Trucks

 Published On: Jun, 2017 |    No of Pages: 205 |  Published By: BCC Research-JT Gabrielsen Consulting LLC Research | Format: PDF
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The global market for forklift trucks reached $38.5 billion in 2015. This market is expected to increase from $41.9 billion in 2016 to $56.3 billion in 2021 at a compound annual growth rate (CAGR) of 6.1% for 2016-2021.

Report Includes

-An overview of the global forklift truck market.
-Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021.
-Coverage of individual revenue forecasts, and major developments for each major segment of the market.
-Information on major trends and challenges affecting the market, including globalization of supply chains, growth in container industry, and rising demand for proper and safe storage.
-Segmentation of the market by product type, technology, lifting capacity, application and region.
-Profiles of major players in the industry.

Chapter 1: Introduction
Forklift trucks are powered industrial trucks. They are small vehicles with two horizontal prongs at the front to transport heavy loads within short distances. Also called lift trucks, they are largely used in various sectors for loading and unloading of goods and materials. They are highly maneuverable and capable of reaching items at high locations and help speed the work process, making daily work quicker.

Forklift trucks are mainly used in warehouse operations, shipping depots, and the manufacturing, aerospace, automotive, and food and beverage industries. They are used to remove loads from storage racks and load and unload goods at docks.

The globalization of supply chains, rising demand for global trade, increasing demand for the container and shipping industry, and demand for automation in emerging economies will increase demand for forklift trucks during the forecast period.

The global market for forklift trucks is primarily driven by the Asia-Pacific, European and North American regions.

Study Goals and Objectives
The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global forklift trucks market. The report also identifies significant revenue growth drivers in specific categories of forklift trucks. The objective of this kind of systematic research is to quantify the projected impact of both the internal and external forces affecting the current forklift trucks industry, as well as those that will affect the industry for the next several years.

Reasons for Doing This Study
In recent years, the growth of forklift trucks in distribution centers has been remarkable. This is due to the increased online sales and purchases. Also, increasing demand for forklift trucks in factories, warehouses, stations, ports and airports for the movement and storage of goods will drive the market.

Scope of Report
The scope of this report is broad and covers various types of forklift trucks used in applications in different industries. The market is broken down by forklift truck technology type, product types used for forklift truck applications and regional markets. Revenue forecasts from 2016 to 2021 are provided for each major type of forklift truck, application and regional market, with estimated values derived from manufacturers’ total revenues.

The report also includes a discussion of the major players across each regional forklift trucks market; it explains the major market drivers of the global forklift trucks industry, current trends within the industry, major applications, and the regional dynamics of the global forklift trucks market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global forklift trucks industry.

Information Sources
The findings and conclusions of this report are based on information gathered from both primary and secondary research sources. The primary sources of information include industry association data and interviews conducted with forklift trucks companies and distributors. Secondary sources were also consulted for the report, including industry journals and publications, product literature, white papers and technical journals, and financial reports for industry suppliers.

The base year for analyses and projections is 2015, and market projections were developed from 2016 to 2021. Projections are based on a consensus among the primary contacts combined with an understanding of the key market drivers and their impact from historical and analytical perspectives. The analytical methodologies used to generate the market estimates are described in detail in the market analysis. All projections presented in this report are in 2015 constant dollars.

Methodology
The descriptive study includes a trend analysis using quantitative and qualitative approaches for the global forklift trucks market, which is fused with the automotive and other industries.

BCC Research collects data through primary and secondary sources, including interviews with industry vendors, white papers, business journals, public financial proceedings, and historical market data from the internet. The market data is assessed and validated, considering interrelated market attributes and the impact of global economic variables.

BCC Research then determines the value of the market through a combination of bottom-up and top-down approaches, using exclusive market modeling tools to generate market data and forecasts. Estimated values used are based on manufacturers’ total revenues.

Geographic Breakdown
In this report, the geographic regions considered for market analysis include:

-North America: United States, Canada and Mexico.
-Europe: From Greenland (Denmark) to Russia, and from Norway to Greece.
-Asia-Pacific: From Afghanistan to Japan, and from Mongolia to New Zealand.
-South America: From Guatemala to Chile.
-ROW: All Middle East countries and the entire African region.
Chapter 1: Introduction 1
Study Goals and Objectives 1
Reasons for Doing This Study 1
Scope of Report 1
Information Sources 2
Methodology 2
Geographic Breakdown 2
Intended Audience 5
Analyst’s Credentials 5
Related BCC Research Reports 5

Chapter 2: Summary and Highlights 7

Chapter 3: Market and Technology Background 11
Forklift Trucks 11
Types of Forklift Trucks 11
Counterbalance Forklift Trucks 11
Warehouse Forklift Trucks 11
Reach Trucks 12
Stackers 12
Pallet Trucks 13
Other Types of Forklift Trucks 13
Rough Terrain Forklift Trucks 13
Side Loader Forklift Trucks 13
Telescopic Forklift Trucks 14
Cherry Picker Forklift Trucks 14
Forklift Trucks Based on Technology 14
Electric Powered Forklift Trucks 14
Internal Combustion Engine Powered Forklift Trucks 14
Applications of Forklift Trucks 15
Factories 15
Warehouses 15
Stations 15
Ports 15
Airports 15
Distribution Centers 16
Others 16
Chapter 4: Global Market Breakdown 18
Global Market for Forklift Trucks by Technology 18
Global Market for Forklift Trucks by Type and Lifting Capacity 19
Global Market for Forklift Trucks by Application 23
Global Market for Forklift Trucks by Region 25
Global Market for Forklift Trucks by Region, Application and Lifting Capacity 28
Global Market for Electric Powered Forklift Trucks 28
Global Market for Internal Combustion Engine Powered Forklift Trucks by Region, Application and
Lifting Capacity 33
Global Market for Counterbalance Forklift Trucks by Region, Application and Lifting Capacity 38
Global Market for Warehouse Forklift Trucks by Region, Application and Lifting Capacity 43
Global Market for Electric Powered Forklift Trucks Applications by Region 48
Global Market for Electric Powered Forklift Trucks Factories Applications by Region 48
Global Market for Electric Powered Forklift Trucks in Warehouses by Region 50
Global Market for Electric Powered Forklift Trucks in Stations by Region 52
Global Market for Electric Powered Forklift Trucks in Ports by Region 54
Global Market for Electric Powered Forklift Trucks in Airports by Region 56
Global Market for Electric Powered Forklift Trucks in Distribution Centers by Region 58
Global Market for Electric Powered Forklift Trucks in Other Applications by Region 60
Global Market for Internal Combustion Engine Powered Forklift Trucks by Application and Region 62
Global Market for Internal Combustion Engine Powered Forklift Trucks in Factories by Region 62
Global Market for Internal Combustion Engine Powered Forklift Trucks in Warehouses by Region 64
Global Market for Internal Combustion Engine Powered Forklift Trucks in Stations by Region 66
Global Market for Internal Combustion Engine Powered Forklift Trucks in Ports by Region 68
Global Market for Internal Combustion Engine Powered Forklift Trucks in Airports by Region 70
Global Market for Internal Combustion Engine Powered Forklift Trucks in Distribution Centers by
Region 72
Global Market for Internal Combustion Engine Powered Forklift Trucks in Other Applications by Region
74
Global Market for Counterbalance Forklift Trucks by Application and Region 76
Global Market for Counterbalance Forklift Trucks in Factories by Region 76
Global Market for Counterbalance Forklift Trucks in Warehouses by Region 78
Global Market for Counterbalance Forklift Trucks in Stations by Region 80
Global Market for Counterbalance Forklift Truck Applications in Ports by Region 82
Global Market for Counterbalance Forklift Trucks in Airports by Region 84
Global Market for Counterbalance Forklift Trucks in Distribution Centers by Region 86
Global Market for Counterbalance Forklift Trucks in Other Applications by Region 88
Global Market for Warehouse Forklift Trucks Applications by Region 90
Global Market for Warehouse Forklift Trucks Factories Applications by Region 90
Global Markets for Warehouse Forklift Trucks Warehouse Applications by Region 92
Global Market for Warehouse Forklift Trucks in Stations by Region 94
Global Market for Warehouse Forklift Trucks in Ports by Region 96
Global Market for Warehouse Forklift Trucks in Airports by Region 98
Global Market for Warehouse Forklift Trucks in Distribution Centers by Region 100
Global Market for Warehouse Forklift Trucks in Other Applications by Region 102
Chapter 5: Global Market for Warehouse Forklift Trucks 106
Global Market for Various Types of Warehouse Forklift Trucks 106
Global Market for Various Types of Warehouse Forklift Trucks by Region and Application 108
Global Market for Reach Trucks by Region and Application 108
Global Market for Stacker Trucks by Region and Application 111
Global Market for Pallet Trucks by Region and Application 115
Global Market for Other Warehouse Trucks by Region and Application 118
Global Market for Reach Trucks in Factories by Region 122
Global Market for Reach Trucks in Factories by Region 122
Global Market for Reach Trucks in Warehouses by Region 124
Global Market for Reach Trucks in Stations by Region 126
Global Market for Reach Trucks in Ports by Region 128
Global Market for Reach Trucks in Airports by Region 130
Global Market for Reach Trucks in Distribution Centers by Region 132
Global Market for Reach Trucks in Other Applications by Region 134
Global Market for Stacker Trucks in Factories by Region 136
Global Market for Stacker Trucks in Factories by Regions 136
Global Market for Stacker Trucks in Warehouses by Region 138
Global Market for Stacker Trucks in Stations by Regions 139
Global Market for Stacker Trucks in Ports by Region 141
Global Market for Stacker Trucks in Airports by Region 143
Global Market for Stacker Trucks in Distribution Centers by Region 145
Global Market for Stacker Trucks in Other Applications by Region 147
Global Market for Pallet Trucks by Region 148
Global Market for Pallet Trucks in Factories by Region 148
Global Market for Pallet Trucks in Warehouses by Region 150
Global Market for Pallet Trucks in Stations by Region 152
Global Market for Pallet Trucks in Ports by Region 153
Global Market for Pallet Trucks in Airports by Region 155
Global Market for Pallet Trucks in Distribution Centers by Region 157
Global Market for Pallet Trucks in Other Applications by Region 158
Global Market for Other Warehouse Trucks by Region 160
Global Market for Other Warehouse Trucks in Factories by Region 160
Global Market for Other Warehouse Trucks in Warehouses by Region 161
Global Market for Other Warehouse Trucks in Stations by Region 163
Global Market for Other Warehouse Trucks in Ports by Region 164
Global Market for Other Warehouse Trucks in Airports by Region 166
Global Market for Other Warehouse Trucks in Distribution Centers by Region 168
Global Market for Other Warehouse Trucks in Other Applications by Region 169

Chapter 6: Industry Drivers 172
Globalization of Supply Chains 172
Supply Chain Dynamics 172
Rising Demand in Global Trade 174
Growth in the Container and Shipping Industry 177
Looking Forward 179
Capital Expenditure for Ports and Terminals 179
Recent Investments 181
Looking Forward 182
Demand for Automation in Emerging Economies 183
Industrial Truck Industry 183
Growth of the Aircraft Industry 186
Wind Energy Installations 188

Chapter 7: Company Profiles 192
About BCC Research 226
About BCC Research 227
BCC Membership 227
BCC Custom Research 227

List of Tables

Table 1 Summary Table Global Market for Forklift Trucks, by Technology, Through 2021 ($ Millions) 7
Table 2 Global Market for Forklift Trucks, by Technology, Through 2021 ($ Millions) 18
Table 3 Global Market for Forklift Trucks, by Type, Through 2021 ($ Millions) 20
Table 4 Global Market for Forklift Trucks, by Lifting Capacity, Through 2021 ($ Millions) 21
Table 5 Global Market for Forklift Trucks, by Application, Through 2021 ($ Millions) 23
Table 6 Global Market for Forklift Trucks, by Region, Through 2021 ($ Millions) 26
Table 7 Global Market for Electric Powered Forklift Trucks, by Region, Through 2021 ($ Millions) 28
Table 8 Global Market for Electric Powered Forklift Trucks, by Application, Through 2021 ($ Millions) .. 30
Table 9 Global Market for Electric Powered Forklift Trucks, by Lifting Capacity, Through 2021 ($ Millions) 31
Table 10 Global Market for Internal Combustion Engine Powered Forklift Trucks, by Region, Through 2021 ($ Millions) 33
Table 11 Global Market for Internal Combustion Engine Powered Forklift Trucks, by Application, Through 2021 ($ Millions) 35
Table 12 Global Market for Internal Combustion Engine Powered Forklift Trucks, by Lifting Capacity, Through 2021 ($ Millions) 36
Table 13 Global Market for Counterbalance Forklift Trucks, by Region, Through 2021 ($ Millions) 38
Table 14 Global Market for Counterbalance Forklift Trucks, by Application, Through 2021 ($ Millions) . 40
Table 15 Global Market for Counterbalance Forklift Trucks, by Lifting Capacity, Through 2021 ($ Millions) 41
Table 16 Global Market for Warehouse Forklift Trucks, by Region, Through 2021 ($ Millions) 43
Table 17 Global Market for Warehouse Forklift Trucks, by Application, Through 2021 ($ Millions) 45
Table 18 Global Market for Warehouse Forklift Trucks, by Lifting Capacity, Through 2021 ($ Millions) 46
Table 19 Global Market for Electric Powered Forklift Trucks Factories Applications, by Region, Through 2021 ($ Millions) 48
Table 20 Global Market for Electric Powered Forklift Trucks in Warehouses, by Region, Through 2021 50
Table 21 Global Market for Electric Powered Forklift Trucks in Stations, by Region, Through 2021 ($ Millions) 52
Table 22 Global Market for Electric Powered Forklift Trucks in Ports, by Region, Through 2021 ($ Million) 54
Table 23 Global Market for Electric Powered Forklift Trucks in Airports, by Region, Through 2021 ($ Millions) 56
Table 24 Global Market for Electric Powered Forklift Trucks in Distribution Centers, by Region, Through 2021 ($ Millions) 58
Table 25 Global Market for Electric Powered Forklift Trucks in Other Applications, by Region, Through 2021 ($ Millions) 60
Table 26 Global Market for Internal Combustion Engine Powered Forklift Trucks in Factories, by Region, Through 2021 ($ Millions) 62
Table 27 Global Market for Internal Combustion Engine Powered Forklift Trucks in Warehouses, by Region, Through 2021 ($ Millions) 64
Table 28 Global Market for Internal Combustion Engine Powered Forklift Trucks in Stations, by Region, Through 2021 ($ Millions) 66
Table 29 Global Market for Internal Combustion Engine Powered Forklift Trucks in Ports, by Region,Through 2021 ($ Millions) 68
Table 30 Global Market for Internal Combustion Engine Powered Forklift Trucks in Airports, by Region,Through 2021 ($ Millions) 70
Table 31 Global Market for Internal Combustion Engine Powered Forklift Trucks in Distribution Centers, by Region, Through 2021 ($ Millions) 72

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