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Summary and extracts
1 Market Overview
1.1 Definition and presentation
A forklift is defined as a powered operating vehicle (electric, diesel or gas) whose purpose is to lift and transfer loads in factories, warehouses or logistics depots.
The forklift market is actually a segment of the larger handling equipment industry.
There are many types of forklifts, some of which are:
- Carklift counterbalanced electric or thermal (front-end) forklift;
- Reach truck;
- Order picker trolley;
- Trilateral trolley;
- Others.
Globally, the market is projected to grow at a CAGR of 9% between 2021 and 2027 to a value of more than $90 billion by the end of 2027.
It is also estimated that up to 2.2 million units will be produced by 2023, this growing trend is due to the use of these operating vehicles in more and more industries.
Another trend that is driving the growth of this market certainly relates to technological advances in recent years.
In Italy, the market has been considered stable for several years. The regions that have recorded the largest number of forklift orders in recent years are those in the north, in particular in first place is Lombardy, where 11,766 forklifts were sold then Piedmont and Valle D'Aosta immediately followed by Liguria and Veneto.
As for southern Italy, a significant growth in forklift orders can be observed mainly due to the food sector.
However, it must also be kept in mind that the recent health crisis has somewhat held back this market. This negative trend is due to the shutdown of many warehouses imposed in 2020. however, it is important to keep in mind that the market trend changes according to different types of carts. It can be estimated that the demand for warehouse carts have suffered the least during this crisis while front-end carts have suffered the most.
In any case, future growth is expected demonstrated already by the significant recovery observed during 2021.
List of charts presented in this market study
- World market for forklift trucks
- International trade in forklifts
- Area of new non-residential construction by quarter
- Area of new non-residential construction by year
- Breakdown of the forklift market, by forklift type
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Latest news
Liebherr-Aerospace strengthens its position in surface treatment - 17/04/2024
- Liebherr-Aerospace Toulouse manufactures air sampling and conditioning systems for Airbus, ATR, Dassault, Embraer, Bombardier aircraft.
- 1.700 employees and sales of 690 million euros in 2023.
- Takeover of Galvanoplastie Industrielle Toulousaine, which provides surface treatment for its parts.
- This SME employs 80 people and achieved sales of 8 million euros in 2024,
- In January, the equipment supplier acquired the Sibi sheet metal shop in Montauban (Tarn-et-Garonne) from the family-owned Kep Technologies group.
- This sheet-metal shop manufactures boilerwork and welded parts for aircraft, and is expected to generate sales of 11 million euros by 2022, with 120 employees.
Liebherr-Aerospace Toulouse acquires KEP Technologies subsidiary to expand capacity - 06/02/2024
- Liebherr-Aerospace Toulouse announced on January 26 that it had acquired the activities of Sibi, a subsidiary of the family-owned KEP Technologies group specializing in precision mechanics for the aerospace industry.
- Liebherr Group, a major supplier of systems for the aerospace industry.
- Sibi, 120 employees
- By 2022, Sibi Sas had achieved sales of 11 million euros,
- Liebherr-Aerospace Toulouse SAS posted sales of 690 million euros in 2023.
- 1,600 employees at the Toulouse and Campsas sites.
United Kingdom: Nissan invests £1.12 billion in electric cars - 24/11/2023
- Nissan has announced an investment of over £1 billion in the construction of two new electric car models.
- The UK automotive industry contributes £71 billion a year to the UK economy.
- 7.more than 1,000 Nissan employees and 30,000 supply chain employees in the UK
- In 2021, Nissan and its battery supplier AESC announced a £1 billion investment in the Sunderland site to build its first gigafactory.
- German carmaker BMW announced an investment of over £600 million in the electrification of Mini cars in the UK.
- Tata, owner of Jaguar Land Rover, announced a £4 billion investment in an electric battery mega-plant in the UK.
Liebherr decides to repatriate its mechanical welding production - 05/07/2023
- German Liebherr group invests 170 million euros in Haut-Rhin.
- Sales of Liebherr France SAS in Colmar, France, in 2022: 534 million euros.
- The company employs over 1,200 people.
- The site will supply four of the group's plants in France, Germany and Austria, with a production capacity of 7,000 to 8,000 parts per year for the mechanical welding site, and 10,000 cabins per year for the second site.
Liebherr to create 300 jobs near the former Fessenheim power plant - 27/06/2023
- Liebherr invests 170 million euros in a new plant in Alsace, France.
- More than 300 jobs will be created.
- The plant will produce components for earthmoving machines for the public works sector.
- Liebherr employs 51,000 people worldwide and has sales of 12.5 billion euros in 2022.
Liebherr chooses Taverny for its second Ile-de-France site - 18/06/2023
- Liebherr is already present in Paris, Bordeaux, Marseille and Colmar.
- Liebherr has 140 companies worldwide.
- The group employs almost 50,000 people.
- Group sales are 12.5 billion euros.
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