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Forklift Market Likely to Surpass USD 120.1 Bn by 2035

Report Code: IM-42022  |  Published in: Jul 2025, By MarketGenics  |  Number of pages: 310

Global Forklift Market:

According to the report, the global forklift market is projected to surpass USD 120.1 Bn by 2035, expanding at a CAGR of 6.1% during the forecast period. This growth is largely driven by increasing automation in warehouse and logistics operations, along with rapid expansion of the Manufacturing, E-commerce sector and technological advancement in the material handling industry. 

Rising Forklifts: E-commerce Growth, Policy Momentum and Electrification Drive Global Market Momentum

The world forklift market is experiencing a major revolution changed by the e-commerce market, advance technological integration, and change in requirements of global supply chain. The sudden change in consumer behavior towards quicker, more efficient delivery has put new stress on logistics and warehousing operations. In response, forklifts are the center of a global industrial golden age.

In these most visible trends transforming the forklift industry is the growing demand for electric forklifts. As companies are moving towards quitter, quicker, cleaner warehouse environments, electric forklifts are powered largely by lithium-ion-batteries are the major increasing attraction. The batteries are having multiple key benefits over old lead-acid-batteries, including more safety, reduced maintenance needs, and longer lifespan.

Governments across the world are also supporting the way for this growth. In India “Make in India” campaign and the implementation of Special Economic Zones (SEZs) are stimulating local manufacturing, and the reason the demand in forklift as material handling equipment. Similarly, China’s “Made in China 2030” initiative is increase in innovation and next-generation manufacturing. This policy puts China on top of the industrial modernization, massively investing in automation and taking on intelligent, electric forklifts to join industrial standards. 

Expansion of Forklift Market

“Driving Logistics Forward: Electrification, Class 4 surge, Asia Pacific innovation drives the forklift evolution”

Forklifts in class 4 are known for their operational capabilities with lower idle rates, and for their performance high standards across the board. Their accuracy and attention to detail makes them essential tools at construction sites, manufacturing units, warehouses, and another industrial setup. With high demands of accuracy in operations and meeting the industrial precision standards, these forklifts tend to become the favorable option for elevating work productivity and dependability. Beyond commendable operational advantages, Class 4 machines offer massive improvements in safety, efficiency, and maintenance and greatly reduce company emissions. 

Regional Analysis of Global Forklift Market

In terms of region, the global forklift market has been segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.

The Asia Pacific region dominates the globe in terms of innovation and revenue in the forklift market with the market share of 52.5%.  Increased urbanization, surging e-commerce, and massive investments in infrastructure in India, China and Southeast Asia are supporting the regional demand. Government initiatives such as “Make in India”, smart city, and SEZ’s are also taking forklift uptake. China also at the forefront with its logistics network and drive for intelligent manufacturing. Japan is leading the innovation with AI-driven forklifts to address the problem of labor shortage.

Prominent players operating in the global forklift market include Anhui Heli Co., Ltd., Clark Material Handling Company, Combilift Limited, Crown Equipment Corporation, Doosan Industrial Vehicle America Corporation, Godrej & Boyce Group, Hangcha Maschinenbau GmbH & Co. KG, Hyster-Yale Material Handling Inc., Hyundai Heavy Industries Ltd., KION Group AG, Komatsu Ltd., Konecranes, Lonking Forklift Co., Manitou Group, Mitsubishi Forklift Corporation, Toyota Industries Corporation, UniCarriers Americas, and Among Others.

Get the Detailed Industry Analysis (including the Table of Contents, List of Figures, and List of Tables) — from the Forklift Market Research Report

The global forklift market has been segmented as follows:

Global forklift Market Analysis, by class Category

  • Class 1 – Electric Motor Rider Trucks
  • Class 2 – Electric Motor Narrow Aisle Trucks
  • Class 3 – Electric motor hand trucks/ rider trucks
  • Class 4 – Internal combustion engine trucks (Solid/ Cushion tires)
  • Class 5 – Internal combustion engine trucks with pneumatic tires
  • Class 6 – Electric/ IC Engine Tow Tractors
  • Class 7 – Rough Terrain Forklifts

Global forklift Market Analysis, by Propulsion

  • Diesel
  • Gasoline
  • Battery Electric
  • Hybrid Electric

Global forklift Market Analysis, by load capacity

  • Below 5 Tons
  • 6 Tons to 10 Tons
  • 11 Tons to 18 Tons
  • 19 Tons to 33 Tons
  • More Than 33 Tons

Global forklift Market Analysis, by Automation Level

  • Manual
  • Semi-Automatic
  • Automatic

Global forklift Market Analysis, by Industry Vertical 

  • Agriculture and Forestry
  • Chemicals and Plastics
  • Construction and Mining
  • E-commerce and Retail
  • Energy and Utilities
  • Food and Beverages
  • Healthcare and Pharma
  • Manufacturing
  • Ports and Terminals
  • Third-party Logistics (3PL)
  • Warehousing and Storage
  • Other Industry Verticals

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Table of Contents

  • 1. Research Methodology and Assumptions
    • 1.1. Definitions
    • 1.2. Research Design and Approach
    • 1.3. Data Collection Methods
    • 1.4. Base Estimates and Calculations
    • 1.5. Forecasting Models
      • 1.5.1. Key Forecast Factors & Impact Analysis
    • 1.6. Secondary Research
      • 1.6.1. Open Sources
      • 1.6.2. Paid Databases
      • 1.6.3. Associations
    • 1.7. Primary Research
      • 1.7.1. Primary Sources
      • 1.7.2. Primary Interviews with Stakeholders across Ecosystem
  • 2. Executive Summary
    • 2.1. Global Forklift Market Outlook
      • 2.1.1. Forklift Market Size (Volume – Mn Units and Value - US$ Bn), and Forecasts, 2021-2035
      • 2.1.2. Compounded Annual Growth Rate Analysis
      • 2.1.3. Growth Opportunity Analysis
      • 2.1.4. Segmental Share Analysis
      • 2.1.5. Geographical Share Analysis
    • 2.2. Market Analysis and Facts
    • 2.3. Supply-Demand Analysis
    • 2.4. Competitive Benchmarking
    • 2.5. Go-to- Market Strategy
      • 2.5.1. Customer/ End-use Industry Assessment
      • 2.5.2. Growth Opportunity Data, 2025-2035
        • 2.5.2.1. Regional Data
        • 2.5.2.2. Country Data
        • 2.5.2.3. Segmental Data
      • 2.5.3. Identification of Potential Market Spaces
      • 2.5.4. GAP Analysis
      • 2.5.5. Potential Attractive Price Points
      • 2.5.6. Prevailing Market Risks & Challenges
      • 2.5.7. Preferred Sales & Marketing Strategies
      • 2.5.8. Key Recommendations and Analysis
      • 2.5.9. A Way Forward
  • 3. Industry Data and Premium Insights
    • 3.1. Global Automotive Industry Overview, 2024
      • 3.1.1. Industry Ecosystem Analysis
      • 3.1.2. Key Trends for Automotive Industry
      • 3.1.3. Regional Distribution for Automotive Industry
    • 3.2. Supplier Customer Data
    • 3.3. Technology Roadmap and Developments
    • 3.4. Trade Analysis
      • 3.4.1. Import & Export Analysis, 2024
      • 3.4.2. Top Importing Countries
      • 3.4.3. Top Exporting Countries
    • 3.5. Trump Tariff Impact Analysis
      • 3.5.1. Manufacturer
        • 3.5.1.1. Based on the component & Raw material
      • 3.5.2. Supply Chain
      • 3.5.3. End Consumer
    • 3.6. Raw Material Analysis
  • 4. Market Overview
    • 4.1. Market Dynamics
      • 4.1.1. Drivers
        • 4.1.1.1. Increasing Demand for Lean and Automated Warehouse Operations
        • 4.1.1.2. Warehousing and E-commerce Boom is Driving Forklift Demand
      • 4.1.2. Restraints
        • 4.1.2.1. High Initial Capital Investment and Ownership Costs
        • 4.1.2.2. Increasing Reliance on third-party logistics reducing direct forklift requirements
    • 4.2. Key Trend Analysis
    • 4.3. Regulatory Framework
      • 4.3.1. Key Regulations, Norms, and Subsidies, by Key Countries
      • 4.3.2. Tariffs and Standards
      • 4.3.3. Impact Analysis of Regulations on the Market
    • 4.4. Value Chain Analysis
      • 4.4.1. Raw Material Suppliers
      • 4.4.2. Forklift Manufacturers
      • 4.4.3. Dealers/ Distributors
      • 4.4.4. Vehicle Manufacturers
      • 4.4.5. End-users/ Customers
    • 4.5. Cost Structure Analysis
      • 4.5.1. Parameter’s Share for Cost Associated
      • 4.5.2. COGP vs COGS
      • 4.5.3. Profit Margin Analysis
    • 4.6. Pricing Analysis
      • 4.6.1. Regional Pricing Analysis
      • 4.6.2. Segmental Pricing Trends
      • 4.6.3. Factors Influencing Pricing
    • 4.7. Porter’s Five Forces Analysis
    • 4.8. PESTEL Analysis
    • 4.9. Global Forklift Market Demand
      • 4.9.1. Historical Market Size - in Volume (Mn Units) and Value (US$ Bn), 2020-2024
      • 4.9.2. Current and Future Market Size - in Volume (Mn Units) and Value (US$ Bn), 2025–2035
        • 4.9.2.1. Y-o-Y Growth Trends
        • 4.9.2.2. Absolute $ Opportunity Assessment
  • 5. Competition Landscape
    • 5.1. Competition structure
      • 5.1.1. Fragmented v/s consolidated
    • 5.2. Company Share Analysis, 2024
      • 5.2.1. Global Company Market Share
      • 5.2.2. By Region
        • 5.2.2.1. North America
        • 5.2.2.2. Europe
        • 5.2.2.3. Asia Pacific
        • 5.2.2.4. Middle East
        • 5.2.2.5. Africa
        • 5.2.2.6. South America
    • 5.3. Product Comparison Matrix
      • 5.3.1. Specifications
      • 5.3.2. Market Positioning
      • 5.3.3. Pricing
  • 6. Global Forklift Market Analysis, by Class
    • 6.1. Key Segment Analysis
    • 6.2. Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, by Class, 2021-2035
      • 6.2.1. Class 1- Electric Motor Rider Trucks
      • 6.2.2. Class 2 – Electric Motor Narrow Aisle Trucks
      • 6.2.3. Class 3 – Electric motor hand trucks/ rider trucks
      • 6.2.4. Class 4 – Internal combustion engine trucks (Solid/ Cushion tires)
      • 6.2.5. Class 5 – Internal combustion engine trucks (Pneumatic tires)
      • 6.2.6. Class 6 –Electric/ IC Engine Tow Tractors
      • 6.2.7. Class 7 – Rough Terrain Forklifts
  • 7. Global Forklift Market Analysis, by Propulsion
  • 8. Global Forklift Market Analysis, by Load Capacity
    • 8.1. Key Segment Analysis
    • 8.2. Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, by Load Capacity, 2021-2035
      • 8.2.1. Below 5 Ton
      • 8.2.2. 6 Tons to 10 Tons
      • 8.2.3. 11 Tons to 18 Tons
      • 8.2.4. 19 Tons to 33 Tons
      • 8.2.5. More Than 33 Tons
  • 9. Global Forklift Market Analysis, by Automation Level
    • 9.1. Key Segment Analysis
    • 9.2. Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, by Automation Level, 2021-2035
      • 9.2.1. Manual
      • 9.2.2. Semi-Automatic
      • 9.2.3. Automatic
  • 10. Global Forklift Market Analysis, by Industry Vertical
    • 10.1. Key Segment Analysis
    • 10.2. Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, by Industry Vertical, 2021-2035
      • 10.2.1. Agriculture and Forestry
      • 10.2.2. Chemicals and Plastics
      • 10.2.3. Construction and Mining
      • 10.2.4. E-commerce and Retail
      • 10.2.5. Energy and Utilities
      • 10.2.6. Food and Beverages
      • 10.2.7. Healthcare and Pharma
      • 10.2.8. Manufacturing
      • 10.2.9. Ports and Terminals
      • 10.2.10. Third-party Logistics (3PL)
      • 10.2.11. Warehousing and Storage
      • 10.2.12. Other Industry Verticals
  • 11. Global Forklift Market Analysis and Forecasts, by Region
    • 11.1. Key Findings
    • 11.2. Forklift Market Size (Volume - Mn Units and Value - US$ Mn), Analysis, and Forecasts, by Region, 2021-2035
      • 11.2.1. North America
      • 11.2.2. Europe
      • 11.2.3. Asia Pacific
      • 11.2.4. Middle East
      • 11.2.5. Africa
      • 11.2.6. South America
  • 12. North America Forklift Market Analysis
    • 12.1. Key Segment Analysis
    • 12.2. Regional Snapshot
    • 12.3. North America Forklift Market Size Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 12.3.1. Class
      • 12.3.2. Propulsion
      • 12.3.3. Load Capacity
      • 12.3.4. Automation Level
      • 12.3.5. Industry Vertical
      • 12.3.6. Country
        • 12.3.6.1. USA
        • 12.3.6.2. Canada
        • 12.3.6.3. Mexico
    • 12.4. USA Forklift Market
      • 12.4.1. Country Segmental Analysis
      • 12.4.2. Class
      • 12.4.3. Propulsion
      • 12.4.4. Load Capacity
      • 12.4.5. Automation Level
      • 12.4.6. Industry Vertical
    • 12.5. Canada Forklift Market
      • 12.5.1. Country Segmental Analysis
      • 12.5.2. Class
      • 12.5.3. Propulsion
      • 12.5.4. Load Capacity
      • 12.5.5. Automation Level
      • 12.5.6. Industry Vertical
    • 12.6. Mexico Forklift Market
      • 12.6.1. Country Segmental Analysis
      • 12.6.2. Class
      • 12.6.3. Propulsion
      • 12.6.4. Load Capacity
      • 12.6.5. Automation Level
      • 12.6.6. Industry Vertical
  • 13. Europe Forklift Market Analysis
    • 13.1. Key Segment Analysis
    • 13.2. Regional Snapshot
    • 13.3. Europe Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 13.3.1. Class
      • 13.3.2. Propulsion
      • 13.3.3. Load Capacity
      • 13.3.4. Automation Level
      • 13.3.5. Industry Vertical
      • 13.3.6. Country
        • 13.3.6.1. Germany
        • 13.3.6.2. United Kingdom
        • 13.3.6.3. France
        • 13.3.6.4. Italy
        • 13.3.6.5. Spain
        • 13.3.6.6. Netherlands
        • 13.3.6.7. Nordic Countries
        • 13.3.6.8. Poland
        • 13.3.6.9. Russia & CIS
        • 13.3.6.10. Rest of Europe
    • 13.4. Germany Forklift Market
      • 13.4.1. Country Segmental Analysis
      • 13.4.2. Class
      • 13.4.3. Propulsion
      • 13.4.4. Load Capacity
      • 13.4.5. Automation Level
      • 13.4.6. Industry Vertical
    • 13.5. United Kingdom Forklift Market
      • 13.5.1. Country Segmental Analysis
      • 13.5.2. Class
      • 13.5.3. Propulsion
      • 13.5.4. Load Capacity
      • 13.5.5. Automation Level
      • 13.5.6. Industry Vertical
    • 13.6. France Forklift Market
      • 13.6.1. Country Segmental Analysis
      • 13.6.2. Class
      • 13.6.3. Propulsion
      • 13.6.4. Load Capacity
      • 13.6.5. Automation Level
      • 13.6.6. Industry Vertical
    • 13.7. Italy Forklift Market
      • 13.7.1. Country Segmental Analysis
      • 13.7.2. Class
      • 13.7.3. Propulsion
      • 13.7.4. Load Capacity
      • 13.7.5. Automation Level
      • 13.7.6. Industry Vertical
    • 13.8. Spain Forklift Market
      • 13.8.1. Country Segmental Analysis
      • 13.8.2. Class
      • 13.8.3. Propulsion
      • 13.8.4. Load Capacity
      • 13.8.5. Automation Level
      • 13.8.6. Industry Vertical
    • 13.9. Netherlands Forklift Market
      • 13.9.1. Country Segmental Analysis
      • 13.9.2. Class
      • 13.9.3. Propulsion
      • 13.9.4. Load Capacity
      • 13.9.5. Automation Level
      • 13.9.6. Industry Vertical
    • 13.10. Nordic Countries Forklift Market
      • 13.10.1. Country Segmental Analysis
      • 13.10.2. Class
      • 13.10.3. Propulsion
      • 13.10.4. Load Capacity
      • 13.10.5. Automation Level
      • 13.10.6. Industry Vertical
    • 13.11. Poland Forklift Market
      • 13.11.1. Country Segmental Analysis
      • 13.11.2. Class
      • 13.11.3. Propulsion
      • 13.11.4. Load Capacity
      • 13.11.5. Automation Level
      • 13.11.6. Industry Vertical
    • 13.12. Russia & CIS Forklift Market
      • 13.12.1. Country Segmental Analysis
      • 13.12.2. Class
      • 13.12.3. Propulsion
      • 13.12.4. Load Capacity
      • 13.12.5. Automation Level
      • 13.12.6. Industry Vertical
    • 13.13. Rest of Europe Forklift Market
      • 13.13.1. Country Segmental Analysis
      • 13.13.2. Class
      • 13.13.3. Propulsion
      • 13.13.4. Load Capacity
      • 13.13.5. Automation Level
      • 13.13.6. Industry Vertical
  • 14. Asia Pacific Forklift Market Analysis
    • 14.1. Key Segment Analysis
    • 14.2. Regional Snapshot
    • 14.3. East Asia Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 14.3.1. Class
      • 14.3.2. Propulsion
      • 14.3.3. Load Capacity
      • 14.3.4. Automation Level
      • 14.3.5. Industry Vertical
      • 14.3.6. Country
        • 14.3.6.1. China
        • 14.3.6.2. India
        • 14.3.6.3. Japan
        • 14.3.6.4. South Korea
        • 14.3.6.5. Australia and New Zealand
        • 14.3.6.6. Indonesia
        • 14.3.6.7. Malaysia
        • 14.3.6.8. Thailand
        • 14.3.6.9. Vietnam
        • 14.3.6.10. Rest of Asia Pacific
    • 14.4. China Forklift Market
      • 14.4.1. Country Segmental Analysis
      • 14.4.2. Class
      • 14.4.3. Propulsion
      • 14.4.4. Load Capacity
      • 14.4.5. Automation Level
      • 14.4.6. Industry Vertical
    • 14.5. India Forklift Market
      • 14.5.1. Country Segmental Analysis
      • 14.5.2. Class
      • 14.5.3. Propulsion
      • 14.5.4. Load Capacity
      • 14.5.5. Automation Level
      • 14.5.6. Industry Vertical
    • 14.6. Japan Forklift Market
      • 14.6.1. Country Segmental Analysis
      • 14.6.2. Class
      • 14.6.3. Propulsion
      • 14.6.4. Load Capacity
      • 14.6.5. Automation Level
      • 14.6.6. Industry Vertical
    • 14.7. South Korea Forklift Market
      • 14.7.1. Country Segmental Analysis
      • 14.7.2. Class
      • 14.7.3. Propulsion
      • 14.7.4. Load Capacity
      • 14.7.5. Automation Level
      • 14.7.6. Industry Vertical
    • 14.8. Australia and New Zealand Forklift Market
      • 14.8.1. Country Segmental Analysis
      • 14.8.2. Class
      • 14.8.3. Propulsion
      • 14.8.4. Load Capacity
      • 14.8.5. Automation Level
      • 14.8.6. Industry Vertical
    • 14.9. Indonesia Forklift Market
      • 14.9.1. Country Segmental Analysis
      • 14.9.2. Class
      • 14.9.3. Propulsion
      • 14.9.4. Load Capacity
      • 14.9.5. Automation Level
      • 14.9.6. Industry Vertical
    • 14.10. Malaysia Forklift Market
      • 14.10.1. Country Segmental Analysis
      • 14.10.2. Class
      • 14.10.3. Propulsion
      • 14.10.4. Load Capacity
      • 14.10.5. Automation Level
      • 14.10.6. Industry Vertical
    • 14.11. Thailand Forklift Market
      • 14.11.1. Country Segmental Analysis
      • 14.11.2. Class
      • 14.11.3. Propulsion
      • 14.11.4. Load Capacity
      • 14.11.5. Automation Level
      • 14.11.6. Industry Vertical
    • 14.12. Vietnam Forklift Market
      • 14.12.1. Country Segmental Analysis
      • 14.12.2. Class
      • 14.12.3. Propulsion
      • 14.12.4. Load Capacity
      • 14.12.5. Automation Level
      • 14.12.6. Industry Vertical
    • 14.13. Rest of Asia Pacific Forklift Market
      • 14.13.1. Country Segmental Analysis
      • 14.13.2. Class
      • 14.13.3. Propulsion
      • 14.13.4. Load Capacity
      • 14.13.5. Automation Level
      • 14.13.6. Industry Vertical
  • 15. Middle East Forklift Market Analysis
    • 15.1. Key Segment Analysis
    • 15.2. Regional Snapshot
    • 15.3. Middle East Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 15.3.1. Class
      • 15.3.2. Propulsion
      • 15.3.3. Load Capacity
      • 15.3.4. Automation Level
      • 15.3.5. Industry Vertical
      • 15.3.6. Country
        • 15.3.6.1. Turkey
        • 15.3.6.2. UAE
        • 15.3.6.3. Saudi Arabia
        • 15.3.6.4. Israel
        • 15.3.6.5. Rest of Middle East
    • 15.4. Turkey Forklift Market
      • 15.4.1. Country Segmental Analysis
      • 15.4.2. Class
      • 15.4.3. Propulsion
      • 15.4.4. Load Capacity
      • 15.4.5. Automation Level
      • 15.4.6. Industry Vertical
    • 15.5. UAE Forklift Market
      • 15.5.1. Country Segmental Analysis
      • 15.5.2. Class
      • 15.5.3. Propulsion
      • 15.5.4. Load Capacity
      • 15.5.5. Automation Level
      • 15.5.6. Industry Vertical
    • 15.6. Saudi Arabia Forklift Market
      • 15.6.1. Country Segmental Analysis
      • 15.6.2. Class
      • 15.6.3. Propulsion
      • 15.6.4. Load Capacity
      • 15.6.5. Automation Level
      • 15.6.6. Industry Vertical
    • 15.7. Israel Forklift Market
      • 15.7.1. Country Segmental Analysis
      • 15.7.2. Class
      • 15.7.3. Propulsion
      • 15.7.4. Load Capacity
      • 15.7.5. Automation Level
      • 15.7.6. Industry Vertical
    • 15.8. Rest of Middle East Forklift Market
      • 15.8.1. Country Segmental Analysis
      • 15.8.2. Class
      • 15.8.3. Propulsion
      • 15.8.4. Load Capacity
      • 15.8.5. Automation Level
      • 15.8.6. Industry Vertical
  • 16. Africa Forklift Market Analysis
    • 16.1. Key Segment Analysis
    • 16.2. Regional Snapshot
    • 16.3. Africa Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 16.3.1. Class
      • 16.3.2. Propulsion
      • 16.3.3. Load Capacity
      • 16.3.4. Automation Level
      • 16.3.5. Industry Vertical
      • 16.3.6. Country
        • 16.3.6.1. South Africa
        • 16.3.6.2. Egypt
        • 16.3.6.3. Nigeria
        • 16.3.6.4. Algeria
        • 16.3.6.5. Rest of Africa
    • 16.4. South Africa Forklift Market
      • 16.4.1. Country Segmental Analysis
      • 16.4.2. Class
      • 16.4.3. Propulsion
      • 16.4.4. Load Capacity
      • 16.4.5. Automation Level
      • 16.4.6. Industry Vertical
    • 16.5. Egypt Forklift Market
      • 16.5.1. Country Segmental Analysis
      • 16.5.2. Class
      • 16.5.3. Propulsion
      • 16.5.4. Load Capacity
      • 16.5.5. Automation Level
      • 16.5.6. Industry Vertical
    • 16.6. Nigeria Forklift Market
      • 16.6.1. Country Segmental Analysis
      • 16.6.2. Class
      • 16.6.3. Propulsion
      • 16.6.4. Load Capacity
      • 16.6.5. Automation Level
      • 16.6.6. Industry Vertical
    • 16.7. Algeria Forklift Market
      • 16.7.1. Country Segmental Analysis
      • 16.7.2. Class
      • 16.7.3. Propulsion
      • 16.7.4. Load Capacity
      • 16.7.5. Automation Level
      • 16.7.6. Industry Vertical
    • 16.8. Rest of Africa Forklift Market
      • 16.8.1. Country Segmental Analysis
      • 16.8.2. Class
      • 16.8.3. Propulsion
      • 16.8.4. Load Capacity
      • 16.8.5. Automation Level
      • 16.8.6. Industry Vertical
  • 17. South America Forklift Market Analysis
    • 17.1. Key Segment Analysis
    • 17.2. Regional Snapshot
    • 17.3. Central and South Africa Forklift Market Size (Volume - Mn Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
      • 17.3.1. Class
      • 17.3.2. Propulsion
      • 17.3.3. Load Capacity
      • 17.3.4. Automation Level
      • 17.3.5. Industry Vertical
      • 17.3.6. Country
        • 17.3.6.1. Brazil
        • 17.3.6.2. Argentina
        • 17.3.6.3. Rest of South America
    • 17.4. Brazil Forklift Market
      • 17.4.1. Country Segmental Analysis
      • 17.4.2. Class
      • 17.4.3. Propulsion
      • 17.4.4. Load Capacity
      • 17.4.5. Automation Level
      • 17.4.6. Industry Vertical
    • 17.5. Argentina Forklift Market
      • 17.5.1. Country Segmental Analysis
      • 17.5.2. Class
      • 17.5.3. Propulsion
      • 17.5.4. Load Capacity
      • 17.5.5. Automation Level
      • 17.5.6. Industry Vertical
    • 17.6. Rest of South America Forklift Market
      • 17.6.1. Country Segmental Analysis
      • 17.6.2. Class
      • 17.6.3. Propulsion
      • 17.6.4. Load Capacity
      • 17.6.5. Automation Level
      • 17.6.6. Industry Vertical
  • 18. Key Players/ Company Profile
    • 18.1. Anhui Heli Co., Ltd.,
      • 18.1.1. Company Details/ Overview
      • 18.1.2. Company Financials
      • 18.1.3. Key Customers and Competitors
      • 18.1.4. Business/ Industry Portfolio
      • 18.1.5. Product Portfolio/ Specification Details
      • 18.1.6. Pricing Data
      • 18.1.7. Strategic Overview
      • 18.1.8. Recent Developments
    • 18.2. Clark Material Handling Company
    • 18.3. Comblift Limited
    • 18.4. Crown Equipment Corporation
    • 18.5. Doosan Industrial Vehicle America Corporation
    • 18.6. Godrej & Boyce Group
    • 18.7. Hangcha Maschinenbau GmbH & Co. KG
    • 18.8. Hyster-Yale Material Handling Inc.
    • 18.9. Hyundai Heavy Industries Ltd.
    • 18.10. KION Group AG
    • 18.11. Komatsu Ltd.
    • 18.12. Konecranes
    • 18.13. Lonking Forklift Co.
    • 18.14. Manitou Group
    • 18.15. Mitsubishi Forklift Corporation
    • 18.16. Toyota Industries Corporation
    • 18.17. Unicarriers Americas
    • 18.18. Other Key players

Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography

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