Global Forklift Truck Market is expected to grow with the CAGR of 6.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global forklift truck market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to the favourable market scenario.
The major players dealing in global forklift truck market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2020, Toyota Material Handling (TMH), the subsidiary of TOYOTA INDUSTRIES CORPORATION which is engaged in manufacturing and sales of automobiles, materials handling equipment and textile machinery launched two models of electric lift trucks. The new trucks have the capacity of 3,000 and 3,500-pound which will increase the uptime and productivity. This product launch has helped the company to increase their product offering in material handling equipment.
Toyota Industries Corporation is the dominating player in global forklift truck market. The other key players existing in the market includes CLARK, Manitou Group, Komatsu Ltd,Hangcha, Doosan Industrial Vehicle America Corp, Konecranes, Palletrans Forklifts, HUBTEX MASCHINENBAU GMBH & CO. KG, Anhui Heli Co., Ltd, Lonking Forklift Co., Ltd., EP Equipment, CO.,LTD, Combilift Material Handling Solutions, Godrej Material Handling, Hyster-Yale Group, Inc, Lift Technologies, Inc.
Toyota Industries Corporation, headquartered in Aichi, JAPAN which was founded in 1926. The company is engaged in the manufacturing and sales of automobiles, materials handling equipment, textile machinery. The company engaged in providing products automobiles, materials handling equipment and textile machinery out of which materials handling equipment is market focused product categories.
The company has wide global presence across the globe such as North America, Latin America, Asia-Pacific, Europe, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such Toyota (Japan), Toyota Material Handling Europe (Sweden), Toyota Material Handling, U.S.A., Inc. (U.S), Vanderlande (Netherlands) and AICHI CORPORATION (Japan) among others
KION Group AG
KION Group AG headquartered in Frankfurt, Germany, was founded in year 2006. The company engaged in providing industrial trucks, supply chain solutions, services and ware house technology. The company offers wide range of brand categories such as Linde, Still, Dematic, Baoli, Om voltas and Fenwick.
The company has presence Asia-Pacific, Americas, EMEA, Europe generates revenue from subsidiaries such as Kion Rental Services SpA (Italy), Dematic Group(Georgia), Kion Material Handling Gmbh(Germany), JULI Motorenwerk, Ltd.(Czechia), STILL SAS (U.S) among others.
Jungheinrich AG is headquartered in Hamburg, Germany, Which was founded in 1953. The company engaged in providing intralogistics products, systems and services for retail, food industry, construction, freight & logistics, chemical industry among others. the company has product categories which are new trucks, forklift rental, used forklifts, automated components, batteries/charging technology, racking and warehouse storage, digital products, special builds, radio data transmission and new trucks is market focused category.
The company has wide global presence in North America, South America, Asia-Pacific, Europe, Middle East & Africa generates revenue from subsidiaries such as Jungheinrich Uk Ltd (U.K.), Jungheinrich Lift Truck India Private Limited (India), MIAS Maschinenbau, Industrieanlagen and Service GmbH (Germany), ISI Automation GmbH and Co. KG (Germany), NTP Pty Ltd (Australia) among others.
Global Forklift Truck Market - Industry Trends and Forecast to 2028
Europe Forklift Truck Market – Industry Trends and Forecast to 2027
North America Forklift Truck Market – Industry Trends and Forecast to 2027
Asia-Pacific Forklift Truck Market – Industry Trends and Forecast to 2027
Middle East and Africa Forklift Truck Market – Industry Trends and Forecast to 2027