Report Update: Nov 1, 2024

World - Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights

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Fork-lift truck market

Fork-lift truck market: read newly released datasets empowered by an Ai-driven market research platform. Info include companies, imports, trade, market size, market prices, exports, production, and consumption. Here is a split by region, including the Middle East, the U.K., EU, Africa, China, Latin America, the U.S., and Russia. Market trends and outlook to 2030 are also provided in the reports.

Fork-lift Truck - World's Largest Markets

Rating	Country
1	United States
2	India
3	China
4	Japan
5	Mexico

In value terms, the United States, India and China were the countries with the highest levels of market value in 2020, together comprising 31% of the global market. These countries were followed by Japan, Mexico, France, Germany, Malaysia, South Korea and Vietnam, which together accounted for a further 24%.

Malaysia (+89.0% per year) saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while fork-lift truck market for the other global leaders experienced more modest paces of growth.

Fork-Lift Truck Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Malaysia	182	186	280	24.1%
Vietnam	184	263	331	34.2%
China	966	1128	1188	10.9%
Ireland	1040	1349	1245	9.4%
Sweden	3057	3615	3260	3.3%
France	5500	4320	3900	-15.8%
Belgium	5076	3786	4110	-10.0%
Italy	4388	6260	4903	5.7%
United States	6100	6017	4912	-10.3%
Netherlands	8337	8666	8284	-0.3%
United Kingdom	12246	10043	8906	-14.7%
Germany	12908	12415	11553	-5.4%
Average	2979	3272	3199	3.6%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($11,553 per unit), while Malaysia ($280 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, 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
Italy	6347	5056	4876	-12.4%
Netherlands	6553	6734	4846	-14.0%
United States	4332	4773	4001	-3.9%
Belgium	4069	4006	3966	-1.3%
United Kingdom	3931	6029	3565	-4.8%
Germany	2897	2853	3297	6.7%
France	2356	3264	3255	17.5%
Spain	3949	3539	2943	-13.7%
Thailand	831	1122	1042	12.0%
South Korea	644	622	646	0.2%
Nigeria	593	306	378	-20.2%
Vietnam	334	288	348	2.1%
Venezuela	232	244	241	1.8%
Average	2934	3054	2697	-4.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Italy ($4,876 per unit), while Venezuela ($241 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.

Fork-Lift Truck - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	3	3	2	-19.2%
France	1.5	1.5	1.1	-13.1%
Netherlands	1	1	0.9	-4.4%
Germany	1	1.1	0.9	-4.9%
United Kingdom	0.9	1.1	0.7	-10.6%

In value terms, the largest fork-lift truck importing markets worldwide were the United States ($2B), France ($1.1B) and the Netherlands ($939M), together comprising 26% of global imports. These countries were followed by Germany, the UK, Belgium, Italy, Spain, Thailand, Vietnam, South Korea, Nigeria and Venezuela, which together accounted for a further 25%.

In terms of the main importing countries, Nigeria recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Fork-Lift Truck - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Germany	3.8	3.8	3.2	-9.0%
China	2.8	2.6	2.5	-6.2%
United States	2.3	2.3	1.7	-15.3%
Italy	1.9	1.9	1.2	-18.4%
United Kingdom	1.3	1.4	1	-11.9%

In value terms, the largest fork-lift truck supplying countries worldwide were Germany ($3.2B), China ($2.5B) and the United States ($1.7B), together comprising 44% of global exports. These countries were followed by Italy, the UK, France, Sweden, the Netherlands, Ireland, Belgium, Vietnam and Malaysia, which together accounted for a further 36%.

Vietnam (+55.6% per year) saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Fork-Lift Truck - Market Forecast

Driven by rising demand for fork-lift truck worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, 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.

Fork-lift Truck - Product Coverage

HS 842710 - Fork-lift and other works trucks; fitted with lifting or handling equipment, self-propelled by electric motor
HS 842720 - Fork-lift and other works trucks; fitted with lifting or handling equipment, self-propelled by other than electric motor
HS 842790 - Fork-lift and other works trucks; fitted with lifting or handling equipment, not self-propelled

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global fork-lift truck market. 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)

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