Forklift Truck Market : Development, Growth, Trends,
Demand, Analysis and Forecast 2026
Forklift Truck Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The global forklift truck market is projected to reach US$ 23.81 billion by 2025, exhibiting a CAGR
of 3.74% over the forecast period. Forklift trucks are used as industrial lifting trucks. These trucks
are utilized to relocate goods from one place to another. Forklift trucks are mostly used in
manufacturing and warehouse industries, as these industries involve relocation of heavy
products in a short period of time, to accelerate the production process.
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Counterbalance segment holds the highest market share
Among product type, the counterbalance type forklift truck segment held the largest market
share in 2016. The warehouse type segment is expected to exhibit a highest CAGR over forecast
period.
Electrically powered segment holds a dominant position
Among engine, the electrically powered segment accounted for a major market share in 2016,
owing to the growing demand for electrically powered forklift trucks in emerging economies such