North America forklift truck market is projected to register a CAGR of 5.6% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.

Market Segmentation:

North America Forklift Truck Market, By Product Type (Counterbalance and warehouse), Power source (Internal Combustion forklift truck, Electric forklift), Class (Class V (IC Engine Forklift Trucks, Pneumatic Tire), Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires), Class I (Electric Motor Rider Forklift Trucks), Class III (Electric Hand Forklift Trucks), Class II (Electric Motor Narrow Aisle Forklift Truck), Class VI (Electric and IC Engine Tractors) and Class VII (Rough Terrain Forklift Truck), Fuel Type (Electric, LPG/CNG, Diesel and Gasoline)), Tonnage (Below 5 ton, 5 to 10 ton, 11 to 36 ton and 36 ton and Above), Industry (Construction, Freight & Logistic, Food Industry, Retail, Chemical And Paper & Wood, and Other), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2027

Some of the major factors contributing to the growth of the North America forklift truck market are:

• Increasing construction of smart building in the developing economies
• Rising expansion of production hub for forklift


Market Players

Some of the major players operating in the North America forklift truck market are:

• Jungheinrich AG
• Hyster-Yale Group, Inc
• KION GROUP AG
• Crown Equipment Corporation
• CLARK
• Hangcha
• Konecranes
• Toyota Industries Corporation
• Mitsubishi Logisnext Co., Ltd