Report Update: Nov 1, 2024

World - Fork-Lift Trucks and Other Industrial Works Trucks and Tractors - Market Analysis, Forecast, Size, Trends and Insights

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Forklift truck and industrial works truck market

Forklift truck and industrial works truck market: enjoy newly released facts and figures featured by an Ai-driven market research platform. Statistics provide market prices, exports, consumption, companies, imports, trade, market size, and production. There is a breakdown by region, including EU, the U.K., Africa, China, the Middle East, Latin America, Russia, and the U.S. Market trends and forecast to 2030 are also provided in the snapshots.

Forklift Truck and Industrial Works Truck - World's Largest Markets

Rating	Country
1	United States
2	Japan
3	Mexico
4	Germany
5	Vietnam

In value terms, the largest forklift truck and industrial works truck markets worldwide were the United States, Japan and Mexico, with a combined 31% share of the global market. These countries were followed by Germany, Vietnam, Thailand, South Korea, Italy, the Netherlands, Canada, Australia, the UK and China, which together accounted for a further 35%.

Canada saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while market of fork-lift trucks and other industrial works trucks and tractors for the other global leaders experienced more modest paces of growth.

Forklift Truck and Industrial Works Truck Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
China	1631	1564	1533	-3.1%
Japan	4609	6112	5121	5.4%
Belgium	8978	8142	8259	-4.1%
United Kingdom	8584	8818	8818	1.4%
South Korea	8526	8847	8855	1.9%
Italy	9605	10853	9360	-1.3%
Canada	9034	8828	9721	3.7%
Netherlands	10430	9707	9771	-3.2%
France	10323	9780	9780	-2.7%
Sweden	9582	9789	9890	1.6%
Germany	11363	11080	11082	-1.2%
United States	15217	22250	18064	9.0%
Average	5593	5800	5679	0.8%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($18,064 per unit), while China ($1,533 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Mexico	8749	9208	8819	0.4%
Italy	9101	10116	8813	-1.6%
France	8316	10737	8799	2.9%
Australia	8755	8601	8622	-0.8%
Spain	10031	11439	7984	-10.8%
Russia	8199	7725	7768	-2.7%
Germany	8017	7844	7768	-1.6%
United Kingdom	9576	9560	7603	-10.9%
Poland	7806	8215	7249	-3.6%
Belgium	8583	6959	7163	-8.6%
Canada	6207	6073	6073	-1.1%
Netherlands	5357	4461	4485	-8.5%
United States	2886	2860	2898	0.2%
Average	5964	5930	5571	-3.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Mexico ($8,819 per unit), while the United States ($2,898 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Forklift Truck and Industrial Works Truck - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	3.2	3.1	3.2	0.5%
France	1.5	1.6	1.6	3.1%
Netherlands	1.2	1.2	1.2	0.1%
Canada	1.1	1.1	1.2	3.1%
Germany	1	1.1	1.1	1.6%

In value terms, the United States ($3.2B) constitutes the largest market for imported fork-lift trucks and other industrial works trucks and tractors worldwide, comprising 15% of global imports. The second position in the ranking was occupied by France ($1.6B), with a 7.4% share of global imports. It was followed by the Netherlands, with a 5.8% share.

In the United States, imports of fork-lift trucks and other industrial works trucks and tractors remained relatively stable over the period from 2018-2020. In the other countries, the average annual rates were as follows: France (+3.1% per year) and the Netherlands (+0.1% per year).

Forklift Truck and Industrial Works Truck - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Germany	4	4	4	0.5%
China	2.9	2.7	2.8	-2.6%
United States	1.9	2	2.2	5.5%
Italy	1.7	1.6	1.7	-0.2%
France	1.4	1.4	1.5	1.2%

In value terms, Germany ($4B), China ($2.8B) and the United States ($2.2B) constituted the countries with the highest levels of exports in 2020, together accounting for 43% of global exports.

The United States saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Forklift Truck and Industrial Works Truck - Market Forecast

Driven by increasing demand for forklift truck and industrial works truck worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Forklift Truck and Industrial Works Truck - Top Companies

Maoming Maonan Jinlu Tractors Manufacturing Co., Ltd., KONE Oyj, ASHOK LEYLAND LIMITED, MITSUBISHI LOGISNEXT CO., LTD., Cargotec Oyj, Macgregor Holding Norway AS, Konecranes Abp, Hyster-Yale Materials Handling, Inc., Bucher Municipal AG, CNH INDUSTRIAL ITALIA SPA, MANITOU BF, Linde Material Handling GmbH, Hyster-Yale Group, Inc., Anhui Heli Co., Ltd., Cargotec Finland Oy, SAME DEUTZ FAHR ITALIA SPA, KONE Industrial Oy, TURK TRAKTOR VE ZIRAAT MAKINELERI ANONIM SIRKETI, Hangcha Group Co., Ltd., ROJISU NEXT YUNIKYARIA K.K.

Forklift Truck and Industrial Works Truck - Product Coverage

HS 8427 - Fork-lift and other works trucks; fitted with lifting or handling equipment
HS 870911 - Vehicles; electrical, self-propelled, (not fitted with lifting or handling equipment), of the type used for short distance transport of goods in factories, warehouses, dock areas or airports
HS 870919 - Vehicles; (not electrical), self-propelled, without handling equipment, used for short distance transport of goods in factories, airports and such, and tractors of the type used on railway station platforms

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for forklift truck and industrial works truck. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221513 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height . 1 m
Prodcom 28221515 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height < 1 m
Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)
Prodcom 28221570 - Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods, t ractors of the type used on railway station platforms

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023