Global Industrial Fork Lifts Market to Reach $25 Billion by 2030

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Mar 07, 2023, 10:50 ET

NEW YORK, March 7, 2023 /PRNewswire/ -- The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

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Global Industrial Fork Lifts Market to Reach $25 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Industrial Fork Lifts estimated at US$15.1 Billion in the year 2022, is projected to reach a revised size of US$25 Billion by 2030, growing at a CAGR of 6.5% over the period 2022-2030.

The U.S. Market is Estimated at $4.1 Billion, While China is Forecast to Grow at 9.9% CAGR

The Industrial Fork Lifts market in the U.S. is estimated at US$4.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 33 Featured)

- Anhui Heli Co., Ltd.

- Clark Material Handling Company

- Combilift Ltd.

- Crown Equipment Corporation

- Doosan Industrial Vehicle America Corp.

- Godrej and Boyce Group

- Hangcha Group Co., Ltd.

- Hubtex Maschinenbau GmbH & Co. KG

- Hyster-Yale Materials Handling, Inc.

- Hyundai Heavy Industries Co., Ltd.

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I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights

World Market Trajectories

Impact of Covid-19 and a Looming Global Recession

Industrial Fork Lifts - Global Key Competitors Percentage

Market Share in 2022 (E)

Competitive Market Presence - Strong/Active/Niche/Trivial for

Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Geographic Region - USA, Canada,

Japan, China, Europe, Asia-Pacific, Latin America, Middle East

and Africa Markets - Independent Analysis of Annual Sales in

US$ Million for Years 2022 through 2030 and % CAGR

Table 2: World Historic Review for Industrial Fork Lifts by

Geographic Region - USA, Canada, Japan, China, Europe,

Asia-Pacific, Latin America, Middle East and Africa Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2014 through 2021 and % CAGR

Table 3: World 16-Year Perspective for Industrial Fork Lifts by

Geographic Region - Percentage Breakdown of Value Sales for

USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,

Middle East and Africa Markets for Years 2014, 2023 & 2030

Table 4: World Industrial Fork Lifts Market Analysis of Annual

Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in the United States for 2023 (E)

Table 5: USA Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 6: USA Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

CANADA

Table 7: Canada Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 8: Canada Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

JAPAN

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Japan for 2023 (E)

Table 9: Japan Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 10: Japan Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

CHINA

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in China for 2023 (E)

Table 11: China Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 12: China Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

EUROPE

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Europe for 2023 (E)

Table 13: Europe Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Geographic Region - France, Germany,

Italy, UK, Spain, Russia and Rest of Europe Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2022 through 2030 and % CAGR

Table 14: Europe Historic Review for Industrial Fork Lifts by

Geographic Region - France, Germany, Italy, UK, Spain, Russia

and Rest of Europe Markets - Independent Analysis of Annual

Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 15: Europe 16-Year Perspective for Industrial Fork Lifts

by Geographic Region - Percentage Breakdown of Value Sales for

France, Germany, Italy, UK, Spain, Russia and Rest of Europe

Markets for Years 2014, 2023 & 2030

FRANCE

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in France for 2023 (E)

Table 16: France Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 17: France Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

GERMANY

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Germany for 2023 (E)

Table 18: Germany Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 19: Germany Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

ITALY

Table 20: Italy Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 21: Italy Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

UNITED KINGDOM

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in the United Kingdom for 2023 (E)

Table 22: UK Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 23: UK Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

SPAIN

Table 24: Spain Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 25: Spain Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

RUSSIA

Table 26: Russia Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 27: Russia Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

REST OF EUROPE

Table 28: Rest of Europe Recent Past, Current & Future Analysis

for Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 29: Rest of Europe Historic Review for Industrial Fork

Lifts by Segment - Industrial Fork lifts Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2014 through

2021 and % CAGR

ASIA-PACIFIC

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Asia-Pacific for 2023 (E)

Table 30: Asia-Pacific Recent Past, Current & Future Analysis

for Industrial Fork Lifts by Geographic Region - Australia,

India, South Korea and Rest of Asia-Pacific Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2022 through 2030 and % CAGR

Table 31: Asia-Pacific Historic Review for Industrial Fork

Lifts by Geographic Region - Australia, India, South Korea and

Rest of Asia-Pacific Markets - Independent Analysis of Annual

Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 32: Asia-Pacific 16-Year Perspective for Industrial Fork

Lifts by Geographic Region - Percentage Breakdown of Value

Sales for Australia, India, South Korea and Rest of

Asia-Pacific Markets for Years 2014, 2023 & 2030

AUSTRALIA

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Australia for 2023 (E)

Table 33: Australia Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 34: Australia Historic Review for Industrial Fork Lifts

by Segment - Industrial Fork lifts Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2014 through

2021 and % CAGR

INDIA

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in India for 2023 (E)

Table 35: India Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 36: India Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

SOUTH KOREA

Table 37: South Korea Recent Past, Current & Future Analysis

for Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 38: South Korea Historic Review for Industrial Fork Lifts

by Segment - Industrial Fork lifts Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2014 through

2021 and % CAGR

REST OF ASIA-PACIFIC

Table 39: Rest of Asia-Pacific Recent Past, Current & Future

Analysis for Industrial Fork Lifts by Segment - Industrial Fork

lifts - Independent Analysis of Annual Sales in US$ Million for

the Years 2022 through 2030 and % CAGR

Table 40: Rest of Asia-Pacific Historic Review for Industrial

Fork Lifts by Segment - Industrial Fork lifts Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2014 through 2021 and % CAGR

LATIN AMERICA

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Latin America for 2023 (E)

Table 41: Latin America Recent Past, Current & Future Analysis

for Industrial Fork Lifts by Geographic Region - Argentina,

Brazil, Mexico and Rest of Latin America Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2022 through

2030 and % CAGR

Table 42: Latin America Historic Review for Industrial Fork

Lifts by Geographic Region - Argentina, Brazil, Mexico and Rest

of Latin America Markets - Independent Analysis of Annual Sales

in US$ Million for Years 2014 through 2021 and % CAGR

Table 43: Latin America 16-Year Perspective for Industrial Fork

Lifts by Geographic Region - Percentage Breakdown of Value

Sales for Argentina, Brazil, Mexico and Rest of Latin America

Markets for Years 2014, 2023 & 2030

ARGENTINA

Table 44: Argentina Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 45: Argentina Historic Review for Industrial Fork Lifts

by Segment - Industrial Fork lifts Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2014 through

2021 and % CAGR

BRAZIL

Table 46: Brazil Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 47: Brazil Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

MEXICO

Table 48: Mexico Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 49: Mexico Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

REST OF LATIN AMERICA

Table 50: Rest of Latin America Recent Past, Current & Future

Analysis for Industrial Fork Lifts by Segment - Industrial Fork

lifts - Independent Analysis of Annual Sales in US$ Million for

the Years 2022 through 2030 and % CAGR

Table 51: Rest of Latin America Historic Review for Industrial

Fork Lifts by Segment - Industrial Fork lifts Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2014 through 2021 and % CAGR

MIDDLE EAST

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Middle East for 2023 (E)

Table 52: Middle East Recent Past, Current & Future Analysis

for Industrial Fork Lifts by Geographic Region - Iran, Israel,

Saudi Arabia, UAE and Rest of Middle East Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2022 through

2030 and % CAGR

Table 53: Middle East Historic Review for Industrial Fork Lifts

by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest

of Middle East Markets - Independent Analysis of Annual Sales

in US$ Million for Years 2014 through 2021 and % CAGR

Table 54: Middle East 16-Year Perspective for Industrial Fork

Lifts by Geographic Region - Percentage Breakdown of Value

Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle

East Markets for Years 2014, 2023 & 2030

IRAN

Table 55: Iran Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 56: Iran Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

ISRAEL

Table 57: Israel Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 58: Israel Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

SAUDI ARABIA

Table 59: Saudi Arabia Recent Past, Current & Future Analysis

for Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 60: Saudi Arabia Historic Review for Industrial Fork

Lifts by Segment - Industrial Fork lifts Markets - Independent

Analysis of Annual Sales in US$ Million for Years 2014 through

2021 and % CAGR

UNITED ARAB EMIRATES

Table 61: UAE Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 62: UAE Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

REST OF MIDDLE EAST

Table 63: Rest of Middle East Recent Past, Current & Future

Analysis for Industrial Fork Lifts by Segment - Industrial Fork

lifts - Independent Analysis of Annual Sales in US$ Million for

the Years 2022 through 2030 and % CAGR

Table 64: Rest of Middle East Historic Review for Industrial

Fork Lifts by Segment - Industrial Fork lifts Markets -

Independent Analysis of Annual Sales in US$ Million for Years

2014 through 2021 and % CAGR

AFRICA

Industrial Fork Lifts Market Presence - Strong/Active/Niche/

Trivial - Key Competitors in Africa for 2023 (E)

Table 65: Africa Recent Past, Current & Future Analysis for

Industrial Fork Lifts by Segment - Industrial Fork lifts -

Independent Analysis of Annual Sales in US$ Million for the

Years 2022 through 2030 and % CAGR

Table 66: Africa Historic Review for Industrial Fork Lifts by

Segment - Industrial Fork lifts Markets - Independent Analysis

of Annual Sales in US$ Million for Years 2014 through 2021 and

% CAGR

IV. COMPETITION

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