Home > Industrial Machinery > Material Handling Equipment > Lift Trucks Market

Lift Trucks Market Share

Report ID: GMI9366
Published Date: May 2024
Report Format: PDF

Download Free Sample

Lift Trucks Market Share

Toyota Industries Corporation and KION Group hold a significant market share of over 26% in the lift trucks industry. Toyota Industries Corporation takes a customer-focused approach to developing products and delivering services, addressing the distinct requirements and obstacles faced by forklift operators, fleet managers, and warehouse supervisors. The company’s solutions emphasize safety, productivity, and overall cost-effectiveness.

The KION Group sustains its position as a technology leader in the forklift market through investments in research & development, partnerships with technology firms, and the incorporation of cutting-edge features, such as automation, connectivity, and digitalization, into its forklift offerings.

Lift Trucks Market Companies

Major players operating in the lift trucks industry are:

Anhui Forklift Truck Group Co., Ltd.
Crown Equipment Corporation
Doosan Industrial Vehicle
Hangcha Group Co., Ltd.
Hyster-Yale Materials Handling, Inc.
Jungheinrich AG
KION Group
Komatsu Utility Co., Ltd.
Mitsubishi Logisnext Co., Ltd.
Toyota Industries Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of lift trucks was exceeded USD 84.4 billion in 2023 and is estimated to register over 7% CAGR between 2024 and 2032, owing to the growth of the warehouse and logistics industries.

The forklifts segment in the lift trucks market is projected to surprass USD 140 billion by 2032, driven by its use in material handling businesses to lift, move, and stack palletized products.

Asia Pacific lift trucks market held 39% revenue share in 2023, attributed to the rise in industrial activities, especially in China and India.

Anhui Forklift Truck Group Co., Ltd., Crown Equipment Corporation, Doosan Industrial Vehicle, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., Jungheinrich AG, KION Group, Komatsu Utility Co., Ltd., Mitsubishi Logisnext Co., Ltd. and Toyota Industries Corporation