Market Overview:
The global heavy-duty forklift truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for heavy-duty forklift trucks in various end-use industries, such as building industry, mining industry, and general industry. Additionally, the growing demand for electric heavy-duty forklift trucks is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing these vehicles may restrain the growth of this market to some extent during the forecast period. Based on type, the global heavy-duty forklift truck market can be segmented into 8-10MT, 10-20MT, 20-30MT and above 30MT segments. The 10–20 MT segment is expected to account for a major share of this market during the forecast period owing to its high demand from various end users across different regions worldwide. Based on application, this market can be divided into building industry; mining industry; general industry; and others segments.
Product Definition:
A heavy-duty forklift truck is a vehicle that is used to move heavy objects by lifting them with a fork attached to the front. These trucks are important for moving large objects in warehouses and other industrial settings.
8-10MT:
8-10MT is a type of diesel fuel that has been developed for use in medium and heavy-duty forklift trucks. It has a lower flash point than regular diesel, which reduces the chances of fire occurring during fueling and also improves air quality. 8-10 MT is used as an alternative to Ultra Low Sulfur Diesel (ULSD) in medium & heavy duty forklifts as it eliminates the need for additional exhaust systems at refineries or petrochemical plants.
10-20MT:
The 10-20MT is a standard forklift truck used for palletizing, loading and unloading goods. It has a capacity of lifting 20 to 25 ft.
Application Insights:
The general industry segment held the largest market share of more than 30% in 2017. This is attributed to the growing demand for materials handling in various industries, such as construction, mining and minerals processing, general manufacturing and logistics. The growth of these industries is expected to drive the demand for HdLF trucks over the forecast period.
Building industry was another prominent application segment with a share of 28.1% in 2017 owing to rising commercial construction activities across developed economies including U.K., Germany, France and Italy coupled with increasing residential building projects across developing countries including India China Indonesia Malaysia Philippines Thailand Vietnam Brazil Argentina Colombia Peru). Growing urbanization along with industrialization & infrastructure development drives significant material requirement which requires frequent delivery at different locations thus fueling material handling operations that require heavy-duty forklift trucks (HLT).
Regional Analysis:
Asia Pacific dominated the global heavy-duty forklift truck market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from China, India, Japan, and South Korea. In addition, rising construction activities due to urbanization are projected to fuel product demand over the next eight years.
The Asia Pacific construction industry is likely to witness growth on account of increasing infrastructure spending by governments as well as private sector companies across economies such as China and India.
Growth Factors:
- Increasing demand for forklift trucks from the e-commerce sector
- Rising demand for forklift trucks from the automotive sector
- Growing demand for forklift trucks in the construction and infrastructure sectors
- Proliferation of small and medium-sized businesses (SMBs) that require forklift trucks to handle increased workloads
- Technological advancements that result in more fuel-efficient and environmentally friendly forklift truck models
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-duty Forklift Truck Market Research Report
By Type
8-10MT, 10-20MT, 20-30MT, Above 30MT
By Application
Building Industry, Mining Industry, General Industry, Others
By Companies
Hyster, Sany, Kalmar, Jung Hebe-und Transporttechnik GmbH, XCMG, Yale, Toyota, MLA Holdings Pty Ltd, HUBTEX Maschinenbau＆Co. KG, JAC Heavy-Duty Construction Machine Company, Fujian Southchina Heavy Machinery Manufacture Co. Ltd.(SOCMA), Konecranes, Action Construction Equipment Ltd, Tailift, Dalian Forklift Co., Ltd, Heli
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-duty Forklift Truck Market Report Segments:
The global Heavy-duty Forklift Truck market is segmented on the basis of:
Types
8-10MT, 10-20MT, 20-30MT, Above 30MT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building Industry, Mining Industry, General Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hyster
- Sany
- Kalmar
- Jung Hebe-und Transporttechnik GmbH
- XCMG
- Yale
- Toyota
- MLA Holdings Pty Ltd
- HUBTEX Maschinenbau＆Co. KG
- JAC Heavy-Duty Construction Machine Company
- Fujian Southchina Heavy Machinery Manufacture Co. Ltd.(SOCMA)
- Konecranes
- Action Construction Equipment Ltd
- Tailift
- Dalian Forklift Co., Ltd
- Heli
Highlights of The Heavy-duty Forklift Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 8-10MT
- 10-20MT
- 20-30MT
- Above 30MT
- By Application:
- Building Industry
- Mining Industry
- General Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heavy-duty Forklift Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heavy-duty forklift trucks are designed for use in industrial and commercial settings. They typically have a higher payload capacity than standard forklift trucks, as well as more powerful engines. These trucks are often used to move heavy objects, such as pallets of goods.
Some of the major companies in the heavy-duty forklift truck market are Hyster, Sany, Kalmar, Jung Hebe-und Transporttechnik GmbH, XCMG, Yale, Toyota, MLA Holdings Pty Ltd, HUBTEX Maschinenbau＆Co. KG, JAC Heavy-Duty Construction Machine Company, Fujian Southchina Heavy Machinery Manufacture Co. Ltd.(SOCMA), Konecranes, Action Construction Equipment Ltd, Tailift, Dalian Forklift Co., Ltd, Heli.
The heavy-duty forklift truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy-duty Forklift Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heavy-duty Forklift Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy-duty Forklift Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heavy-duty Forklift Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heavy-duty Forklift Truck Market Size & Forecast, 2018-2028
4.5.1 Heavy-duty Forklift Truck Market Size and Y-o-Y Growth
4.5.2 Heavy-duty Forklift Truck Market Absolute $ Opportunity
Chapter 5 Global Heavy-duty Forklift Truck Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Heavy-duty Forklift Truck Market Size Forecast by Type
5.2.1 8-10MT
5.2.2 10-20MT
5.2.3 20-30MT
5.2.4 Above 30MT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy-duty Forklift Truck Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Heavy-duty Forklift Truck Market Size Forecast by Applications
6.2.1 Building Industry
6.2.2 Mining Industry
6.2.3 General Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy-duty Forklift Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heavy-duty Forklift Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Heavy-duty Forklift Truck Analysis and Forecast
9.1 Introduction
9.2 North America Heavy-duty Forklift Truck Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Heavy-duty Forklift Truck Market Size Forecast by Type
9.6.1 8-10MT
9.6.2 10-20MT
9.6.3 20-30MT
9.6.4 Above 30MT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Heavy-duty Forklift Truck Market Size Forecast by Applications
9.10.1 Building Industry
9.10.2 Mining Industry
9.10.3 General Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Heavy-duty Forklift Truck Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy-duty Forklift Truck Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Heavy-duty Forklift Truck Market Size Forecast by Type
10.6.1 8-10MT
10.6.2 10-20MT
10.6.3 20-30MT
10.6.4 Above 30MT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Heavy-duty Forklift Truck Market Size Forecast by Applications
10.10.1 Building Industry
10.10.2 Mining Industry
10.10.3 General Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Heavy-duty Forklift Truck Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy-duty Forklift Truck Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Heavy-duty Forklift Truck Market Size Forecast by Type
11.6.1 8-10MT
11.6.2 10-20MT
11.6.3 20-30MT
11.6.4 Above 30MT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Heavy-duty Forklift Truck Market Size Forecast by Applications
11.10.1 Building Industry
11.10.2 Mining Industry
11.10.3 General Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Heavy-duty Forklift Truck Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy-duty Forklift Truck Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Heavy-duty Forklift Truck Market Size Forecast by Type
12.6.1 8-10MT
12.6.2 10-20MT
12.6.3 20-30MT
12.6.4 Above 30MT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Heavy-duty Forklift Truck Market Size Forecast by Applications
12.10.1 Building Industry
12.10.2 Mining Industry
12.10.3 General Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Heavy-duty Forklift Truck Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy-duty Forklift Truck Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Heavy-duty Forklift Truck Market Size Forecast by Type
13.6.1 8-10MT
13.6.2 10-20MT
13.6.3 20-30MT
13.6.4 Above 30MT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Heavy-duty Forklift Truck Market Size Forecast by Applications
13.10.1 Building Industry
13.10.2 Mining Industry
13.10.3 General Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heavy-duty Forklift Truck Market: Competitive Dashboard
14.2 Global Heavy-duty Forklift Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyster
14.3.2 Sany
14.3.3 Kalmar
14.3.4 Jung Hebe-und Transporttechnik GmbH
14.3.5 XCMG
14.3.6 Yale
14.3.7 Toyota
14.3.8 MLA Holdings Pty Ltd
14.3.9 HUBTEX Maschinenbau＆Co. KG
14.3.10 JAC Heavy-Duty Construction Machine Company
14.3.11 Fujian Southchina Heavy Machinery Manufacture Co. Ltd.(SOCMA)
14.3.12 Konecranes
14.3.13 Action Construction Equipment Ltd
14.3.14 Tailift
14.3.15 Dalian Forklift Co., Ltd
14.3.16 Heli
