GITNUX MARKETDATA REPORT 2024
Forklift Trucks Industry Statistics
The global forklift trucks industry is projected to reach a market value of $54.1 billion by 2025, with a compound annual growth rate of 1.8% during the forecast period.
In this post, we explore the latest statistics and trends shaping the forklift trucks industry. From the staggering global market size to the dominance of electric forklifts and regional market dynamics, these statistics provide valuable insights into the state of the industry and what the future may hold. Join us as we dive into the numbers driving this essential sector.
Statistic 1
"The global forklift trucks market size was valued at USD 36.5 Billion in 2018."
Statistic 2
"The market for forklift trucks is predicted to surpass 3 million units by 2026."
Statistic 3
"China is the largest market for forklifts worldwide, representing 38% of global sales in 2018."
Statistic 4
"Electric type forklifts will dominate the global forklift market over the forecast period, with a 65% share in 2026."
Statistic 5
"In 2019, KION Group, a European forklift producer, had a revenue of about 9.81 billion euros."
Statistic 6
"Manufacturing sector accounted for about 35.5% of forklift market revenue in 2018."
Statistic 7
"Demand for forklift trucks in the Americas is anticipated to grow at a 1.9% CAGR through 2026."
Statistic 8
"The counterbalance type forklifts dominated the market with 52.42% of the global revenue in 2018."
Statistic 9
"The capacity of up to 5 tons forklift trucks dominated the market share with over 67% in 2017."
Statistic 10
"In 2018 there were more than 855,900 forklift trucks in operation in Japan."
Statistic 11
"The Asia Pacific region is projected to become the fastest-growing market in the forecast period, with a CAGR of 9%."
Statistic 12
"The top 20 lift truck suppliers globally had a combined revenue of more than $32 billion in 2018."
Statistic 13
"Wholesale & retail trade alone used nearly 22.1% of the forklift trucks in 2018."
Statistic 14
"Toyota Material Handling held the largest market share among forklift vendors with 25% in 2018."
Jannik Lindner
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