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Forklift Market by Propulsion (Electric, ICE, Fuel Cell), Tonnage Capacity, End-Use Industry, by Class (1, 2, 31, 32, 4/5), Operation, Application, Battery Type (Li-ion, Lead Acid), Lifting Capacity, Tire, Product Type, Region - Global Forecast to 2032

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    Report

  • 362 Pages
  • October 2025
  • Region: Global
  • Markets and Markets
  • ID: 4032575
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Rapid Growth in E-Commerce and Warehousing Sector

The forklift market is projected to grow from USD 91.19 billion in 2025 to USD 141.32 billion in 2032, at a CAGR of 6.5%. Forklifts are one of the most common intralogistics systems and are seen as efficient in handling materials for various applications. The compact size, heavy-weight carrying capacity, and versatility make forklifts the preferred choice in material handling operations. The Asia Pacific market is expected to grow and dominate the global forklift market over the forecast period. Major OEMs such as Toyota Industries Corporation, Kion Group, and Jungheinrich AG are driving a shift towards innovative electric and autonomous models that enhance productivity and efficiency.

In addition, the emergence of artificial intelligence with real-time location monitoring and automated material handling capabilities in forklifts has revolutionized warehouse automation at the highest level, thereby encouraging global warehousing industry giants to increase the deployment of autonomous forklifts for optimized operations. Institutional entities like the U.S. National Institute for Occupational Safety and Health (NIOSH) and the Occupational Safety and Health Administration (OSHA) emphasize these advancements in the autonomous forklift market, noting that sensor-equipped forklifts can reduce workplace incidents by promoting safer navigation and load management.

Electric forklifts are projected to remain dominant in the global market during the forecast period.

Electric forklifts represent the largest share of the global market. Classified as Class 1, Class 2, Class 3, and Class 2, these forklifts are electrically powered and account for over 70% of the market as of 2024. The demand for electric forklifts is on the rise due to the need to comply with strict emissions standards for industrial vehicles worldwide. Additionally, electric forklifts reduce ownership costs and offer a better return on investment (ROI) compared to internal combustion engine (ICE) forklifts.

The widespread adoption of lithium-ion batteries is another trend ensuring the dominance of electric forklifts. These lithium-ion batteries offer rapid charging, minimal maintenance, and a longer lifespan than traditional lead-acid types. For example, lithium iron phosphate (LFP) batteries are favored by most OEMs for their safety profile, long cycle life, and cost advantages, which make them attractive for multi-shift warehouse operations and cold storage environments. According to BloombergNEF, by December 2024, lithium-ion battery pack prices had fallen to a record low of USD 115 per kilowatt-hour, representing a 20% decline from 2023 and marking the largest annual drop since 2017. Thus, with advancements in battery technologies coupled with emerging stringent emission norms and demand for low-cost and efficient warehouse management, the demand for electric forklifts is expected to increase in the coming years.

Forklift demand in the E-commerce industry is expected to grow at the fastest CAGR during the review period.

Forklifts are highly useful in the e-commerce industry as they enable faster and more efficient handling of goods, directly supporting the sector’s growth. With consumer buying shifting from physical shops to digital platforms, forklifts help manage large volumes of goods in warehouses and distribution centers. They play a key role in meeting same-day or quick delivery demands by speeding up loading, unloading, and inventory movement. E-commerce players increasingly rely on advanced electric and autonomous forklifts, which integrate with innovative warehousing technologies to improve operational efficiency. Their usefulness is evident globally, though more pronounced in North America and Europe, where forklifts help e-commerce companies meet faster delivery commitments, often tied to premium services.

Europe is estimated to be the second-largest forklift market during the forecast period.

By 2032, Europe is projected to be the second-biggest consumer market for forklifts worldwide. This can be attributed to stringent workplace safety guidelines, high labor costs, high real estate prices, which limit warehouse space, and the stringent European emission norms. Most of the forklift market in Europe falls in three countries, namely Germany, France, and the UK, which are experiencing high growth rates in e-commerce, retail, and manufacturing sectors.

In Europe, forklifts below 5 tons command the most significant and fastest-growing market share, reflecting the region’s strong emphasis on space-efficient, high-throughput indoor material handling. By class, Class 3 (electric pedestrian trucks) and Class 2 (electric narrow aisle trucks) lead the market, driven by high demand in warehousing, retail, and automation-focused sectors across Germany, France, and the UK.

The fastest-growing segment, however, is Class 1 (electric motor rider trucks), underpinned by rising e-commerce activity, accelerating automation investments, and stringent emission and safety standards that favor electric, ergonomic, and flexible forklift solutions for Europe’s modern logistics environments. To conclude, Europe is leading the warehouse automation and material handling market due to high labor costs, limited space, and strict safety standards. Further, the surging pharma and chemicals industries are likely to continue boosting the forklift market in the European region.

The break-up of the profile of primary participants in the forklift market:

  • By Company Type: Forklift OEMs - 80%, Others - 20%
  • By Designation: C Level - 60%, Director-level - 30%, Others - 10%
  • By Region: North America - 25%, Europe - 30%, Asia Pacific - 40%, Rest of the World - 5%
Mitsubishi Logisnext Co., Ltd. (Japan) is the leading manufacturer of forklifts in the global market. The other key companies include Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), and Crown Equipment Corporation (US).

Research Coverage:

The study segments the forklift market and forecasts the market size based on Tonnage Capacity (below 5 tons, 5-10 tons, 11-36 tons, and above 36 tons), Application (indoor, outdoor, and indoor and outdoor), Class (Class 1, Class 2, Class 3 (Class 31, Class 32), and Class 4/5), Industry (3PL, food & beverage, automotive, pulp & paper, metals & heavy machinery, e-commerce, aviation, semiconductors & electronics, chemical, healthcare, and others), Propulsion (electric and ICE), Operation (manual and autonomous), Product Type (warehouse and counterbalance), by Battery Type (lithium-ion and lead-acid), Tire Type (cushion and pneumatic) and Region (Asia Pacific, Europe, North America, and Rest of the World).

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall forklift market and the subsegments. The report includes a comprehensive market share analysis, supply chain analysis, extensive lists and insights into component manufacturers, chapter segmentation based on materials, a thorough supply chain analysis, and a competitive landscape. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

  • Analysis of key drivers (Rising GHG emissions, government incentives and policies, overall targets to reduce fleet-level emissions and increasing demand for emission-free vehicles), restraints (safety concerns in EV batteries and high development cost), opportunities (transition towards hydrogen fuel cell electric mobility), and challenges (high cost of developing charging infrastructure) that are influencing the growth of the forklift market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the forklift market
  • Market Development: Comprehensive information about lucrative markets - the report analyzes the forklift market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the forklift market
  • Deep dive segments on the electric forklift market and their trends
  • OEM analysis for electric forklifts
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the forklift market, such as Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), Crown Equipment Corporation (US), and Mitsubishi Logisnext Co. Ltd. (Japan)
The report also helps stakeholders understand the pulse of the forklift market by providing them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered and Regional Scope
1.3.2 Inclusions and Exclusions
1.3.3 Years Considered
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interview Participants
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Factor Analysis
2.5 Research Assumptions
2.6 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Unmet Needs and White Spaces
4.1.1 Unmet Needs
4.1.2 White Spaces
4.2 Interconnected Markets and Cross-Sector Opportunities
4.2.1 Interconnected Markets
4.2.2 Cross-Sector Opportunities
4.3 Emerging Business Models and Ecosystem Shifts
4.3.1 Emerging Business Models
4.3.2 Ecosystem Shifts
4.4 Strategic Moves by OEMs and Tier-1 Suppliers
4.5 Vc/Private Equity Investment Trends and Start-Up Landscape
4.5.1 Investment Trends
4.5.2 Start-Up Landscape
4.6 Sustainability Impact and Regulatory Policy Initiatives
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Growth in E-Commerce and Warehousing Industries
5.2.1.2 Government Incentives and Regulations Promoting Growth of Electric Forklifts
5.2.1.3 Automation and Fleet Integration
5.2.2 Restraints
5.2.2.1 Expansion of Third-Party Logistics Services
5.2.2.2 Elevated Demand for Stacker Cranes
5.2.3 Opportunities
5.2.3.1 Evolution of Refurbished and Rental Forklifts
5.2.3.2 Modular Solutions to Optimize Customer Productivity
5.2.3.3 Integration of AI, IoT, and Predictive Analytics for Fleet Optimization
5.2.4 Challenges
5.2.4.1 High Initial Cost of Electric Forklifts
5.2.4.2 Substantial Integration and Technology Cost of Autonomous Forklifts
5.3 Trends and Disruptions Impacting Customer Business
5.4 Pricing Analysis
5.4.1 Average Selling Price Trend, by Region
5.4.2 Average Selling Price of Forklifts Offered by Key Players
5.4.2.1 Linde
5.4.2.2 Hangcha
5.4.2.3 Manitou
5.4.2.4 Komatsu
5.4.2.5 Clark
5.5 Case Study Analysis
5.5.1 Mitsubishi Forklifts Supplied Electric Counterbalance Trucks to Kellogg's Manchester Site
5.5.2 Toyota Delivered Sustainable Agv Solutions for Panasonic Energy
5.5.3 L’Oréal Installed Dematic's Autonomous Forklifts to Reduce Delivery Time
5.5.4 Aer Manufacturing Replaced Aging Autonomous Floor-To-Floor Material Handling Systems with Dematic's Compact Autonomous Tuggers
5.5.5 Mitsubishi Forklifts Supplied Electric Forklifts to Cwt Commodities
5.6 Ecosystem Analysis
5.7 Supply Chain Analysis
5.8 Trade Analysis
5.8.1 Import Scenario (HS Code 8427)
5.8.2 Export Scenario (HS Code 8427)
5.9 Key Conferences and Events
5.10 Investment and Funding Scenario
5.11 OEM Analysis
5.11.1 Battery Capacity vs. Lifting Capacity
5.11.2 Lifting Capacity vs. Lifting Voltage
5.11.3 Battery Voltage vs. Market Size of Forklifts
5.12 ROI of Conventional vs. Electric Forklifts
5.13 Bill of Materials
5.14 Total Cost of Ownership
5.15 Technology Analysis
5.15.1 Key Technologies
5.15.1.1 Autonomous Forklifts
5.15.1.2 Electric Powertrains
5.15.1.3 Internet of Things
5.15.2 Complementary Technologies
5.15.2.1 Industry 4.0
5.15.2.2 Hydrogen Fuel Cells
5.15.3 Adjacent Technologies
5.15.3.1 5G Connectivity
5.15.3.2 Solid-State Batteries
5.16 Patent Analysis
5.17 Impact of AI/Gen AI
5.18 Regulatory Landscape
5.18.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.18.2 International Standards
5.18.3 Environmental and Emission Regulations
5.18.4 US
5.18.5 European Union
5.18.6 China
5.18.7 India
5.18.8 Incentives and Greenfunding Programs
5.19 Key Stakeholders and Buying Criteria
5.19.1 Key Stakeholders in Buying Process
5.19.2 Buying Criteria
6 Forklift Market, by Propulsion
6.1 Introduction
6.2 Electric
6.2.1 Emphasis on Environmental Sustainability to Drive Market
6.3 Ice
6.3.1 Ability to Withstand Harsh Weather Conditions to Drive Market
6.3.2 Gasoline
6.3.3 Diesel
6.3.4 Alternate Fuel
6.4 Fuel Cell
6.5 Primary Insights
7 Forklift Market, by Tonnage Capacity
7.1 Introduction
7.2 < 5 Tons
7.2.1 Need for Operational Flexibility in Compact Warehouses to Drive Market
7.3 5-10 Tons
7.3.1 Rise of Electric Infrastructure to Drive Market
7.4 11-36 Tons
7.4.1 Large-Scale Adoption in Logistics and Freight Industries to Drive Market
7.5 >36 Tons
7.5.1 Extensive Use in Handling Extremely Heavy Materials to Drive Market
7.6 Primary Insights
8 Forklift Market, by End-use Industry
8.1 Introduction
8.2 Third-Party Logistics
8.2.1 Increased Adoption of Forklifts due to Fast Loading, Transportation, and Unloading Operations to Drive Market
8.3 Food & Beverages
8.3.1 Pressure on Manufacturers to Reduce Operational Costs to Drive Market
8.4 Automotive
8.4.1 Need for Efficient Inventory Management to Drive Market
8.5 E-Commerce
8.5.1 Rising Demand for Shorter Delivery Times to Drive Market
8.6 Aviation
8.6.1 Incorporation of Forklifts in Manufacturing and Assembly Operations to Drive Market
8.7 Pulp & Paper
8.7.1 Substantial Investments in Autonomous Forklift Solutions to Drive Market
8.8 Chemicals
8.8.1 Focus on Ensuring Workplace Safety and Managing Workflow Effectively to Drive Market
8.9 Healthcare
8.9.1 Strict Regulatory Requirements for Production, Storage, and Distribution of Drugs to Drive Market
8.10 Semiconductors & Electronics
8.10.1 Manufacturers’ Emphasis on Enhancing Intralogistics Operations to Drive Market
8.11 Metals & Heavy Machinery
8.11.1 Rise in Infrastructural Development to Drive Market
8.12 Others
8.13 Primary Insights
9 Forklift Market, by Class
9.1 Introduction
9.2 Class
9.2.1 Predominance in Asia-Pacific Region to Drive Market
9.3 Class
9.3.1 Limited Market due to Availability of More Versatile Options
9.4 Class
9.4.1 Sustainability Targets for Zero-Emission Equipment to Drive Market
9.4.2 Class
9.4.3 Class
9.4.4 Class 31 vs. Class 32 Forklifts
9.5 Class 4/5
9.5.1 Reliability of Internal Combustion Engines to Drive Market
9.6 Primary Insights
10 Forklift Market, by Operation
10.1 Introduction
10.2 Manual
10.2.1 Low Initial Cost and Ease of Integration to Drive Market
10.3 Autonomous
10.3.1 Rapid Forklift Development to Increase Workplace Productivity to Drive Market
10.4 Primary Insights
11 Forklift Market, by Application
11.1 Introduction
11.2 Indoor
11.2.1 Rapidly Expanding E-Commerce and Logistics Industries to Drive Market
11.3 Outdoor
11.3.1 Significant Presence of Construction, Mining, and Marine Freight Industries in North America to Drive Market
11.4 Indoor & Outdoor
11.4.1 Rising Need for Dual-Use Forklifts to Drive Market
11.5 Primary Insights
12 Electric Forklift Market, by Battery Type
12.1 Introduction
12.2 Lithium-Ion
12.2.1 High Energy Density and Longer Battery Life Than Other Batteries to Drive Market
12.2.2 Lithium Iron Phosphate
12.2.3 Nickel Manganese Cobalt
12.2.4 Others
12.3 Lead Acid
12.3.1 Large Current Capability and Low Manufacturing Cost to Drive Market
12.4 Primary Insights
13 Electric Forklift Market, by Lifting Capacity
13.1 Introduction
13.2 < 2 Tons
13.2.1 Wide Range of Applications in Various Industries to Drive Market
13.3 2-5 Tons
13.3.1 Advancements in Battery Technology to Drive Market
13.4 >5 Tons
13.4.1 Increased Preference for Sustainable Forklifts with More Lifting Capacity to Drive Market
13.5 Primary Insights
14 Forklift Market, by Product Type
14.1 Introduction
14.2 Warehouse
14.2.1 Ability to Maneuver in Narrow Spaces to Drive Market
14.3 Counterbalance
14.3.1 Need for Stable Heavy Material Handling Operations to Drive Market
14.4 Primary Insights
15 Forklift Market, by Tire Type
15.1 Introduction
15.2 Cushion
15.2.1 Rising Demand for Lifting Packets in Warehousing and Manufacturing Industries to Drive Market
15.3 Pneumatic
15.3.1 Extensive Use in Lifting Heavy Goods and Carriages to Drive Market
15.4 Primary Insights
16 Forklift Market, by Region
16.1 Introduction
16.2 Asia-Pacific
16.2.1 Macroeconomic Outlook
16.2.2 China
16.2.2.1 Growing Demand for Automation Across Industries to Drive Market
16.2.3 India
16.2.3.1 Booming Automobile and E-Commerce Industries to Drive Market
16.2.4 Japan
16.2.4.1 Lack of Proper Warehousing Facilities to Drive Market
16.2.5 South Korea
16.2.5.1 Demand for Increased Efficiency to Drive Market
16.3 Europe
16.3.1 Macroeconomic Outlook
16.3.2 Germany
16.3.2.1 Robust Logistics Industry to Drive Market
16.3.3 UK
16.3.3.1 Need for Efficient Material Handling Solutions in Automotive Industry to Drive Market
16.3.4 France
16.3.4.1 Rapid Expansion of Online Retail to Drive Market
16.3.5 Italy
16.3.5.1 Advancements in Domestic E-Commerce Industry to Drive Market
16.3.6 Spain
16.3.6.1 Strategic Location for Logistics and Warehousing to Drive Market
16.3.7 Russia
16.3.7.1 Steady Growth in Diverse Industries to Drive Market
16.3.8 Turkey
16.3.8.1 Rising Internet Penetration and Expanding Mobile Commerce to Drive Market
16.3.9 Eastern Europe
16.3.10 Rest of Europe
16.4 North America
16.4.1 Macroeconomic Outlook
16.4.2 US
16.4.2.1 Inclination Toward Automation to Drive Market
16.4.3 Mexico
16.4.3.1 Growth of Foreign Manufacturing Units to Drive Market
16.4.4 Canada
16.4.4.1 Robust Export Infrastructure to Drive Market
16.5 Rest of the World
16.5.1 Macroeconomic Outlook
16.5.2 Africa
16.5.2.1 Expansion of Warehouses due to Growing Export Activities to Drive Market
16.5.3 Australia & Oceania
16.5.3.1 Growing Industrial Activities to Drive Market
16.6 Primary Insights
17 Competitive Landscape
17.1 Introduction
17.2 Key Player Strategies/Right to Win, 2021-2025
17.3 Market Share Analysis, 2024
17.4 Revenue Analysis, 2021-2024
17.5 Company Valuation and Financial Metrics
17.6 Product/Brand Comparison
17.7 Company Evaluation Matrix: Key Players, 2024
17.7.1 Stars
17.7.2 Emerging Leaders
17.7.3 Pervasive Players
17.7.4 Participants
17.7.5 Company Footprint
17.7.5.1 Company Footprint
17.7.5.2 Region Footprint
17.7.5.3 Propulsion Footprint
17.7.5.4 Operation Footprint
17.8 Company Evaluation Matrix: Start-Ups/SMEs, 2024
17.8.1 Progressive Companies
17.8.2 Responsive Companies
17.8.3 Dynamic Companies
17.8.4 Starting Blocks
17.8.5 Competitive Benchmarking
17.8.5.1 List of Start-Ups/SMEs
17.8.5.2 Competitive Benchmarking of Start-Ups/SMEs
17.9 Competitive Scenario
17.9.1 Product Launches/Developments
17.9.2 Deals
17.9.3 Expansions
18 Company Profiles
18.1 Key Players
18.1.1 Toyota Industries Corporation
18.1.1.1 Business Overview
18.1.1.2 Products Offered
18.1.1.3 Recent Developments
18.1.1.3.1 Product Launches/Developments
18.1.1.3.2 Deals
18.1.1.3.3 Expansions
18.1.1.3.4 Other Developments
18.1.1.4 Analyst's View
18.1.1.4.1 Key Strengths
18.1.1.4.2 Strategic Choices
18.1.1.4.3 Weaknesses and Competitive Threats
18.1.2 Kion Group AG
18.1.2.1 Business Overview
18.1.2.2 Products Offered
18.1.2.3 Recent Developments
18.1.2.3.1 Product Launches/Developments
18.1.2.3.2 Deals
18.1.2.3.3 Expansions
18.1.2.4 Analyst's View
18.1.2.4.1 Key Strengths
18.1.2.4.2 Strategic Choices
18.1.2.4.3 Weaknesses and Competitive Threats
18.1.3 Jungheinrich AG
18.1.3.1 Business Overview
18.1.3.2 Products Offered
18.1.3.3 Recent Developments
18.1.3.3.1 Product Launches/Developments
18.1.3.3.2 Deals
18.1.3.3.3 Expansions
18.1.3.3.4 Other Developments
18.1.3.4 Analyst's View
18.1.3.4.1 Key Strengths
18.1.3.4.2 Strategic Choices
18.1.3.4.3 Weaknesses and Competitive Threats
18.1.4 Mitsubishi Logisnext Co. Ltd.
18.1.4.1 Business Overview
18.1.4.2 Products Offered
18.1.4.3 Recent Developments
18.1.4.3.1 Product Launches/Developments
18.1.4.3.2 Expansions
18.1.4.3.3 Other Developments
18.1.4.4 Analyst's View
18.1.4.4.1 Key Strengths
18.1.4.4.2 Strategic Choices
18.1.4.4.3 Weaknesses and Competitive Threats
18.1.5 Crown Equipment Corporation
18.1.5.1 Business Overview
18.1.5.2 Products Offered
18.1.5.3 Recent Developments
18.1.5.3.1 Product Launches/Developments
18.1.5.3.2 Expansions
18.1.5.3.3 Other Developments
18.1.5.4 Analyst's View
18.1.5.4.1 Key Strengths
18.1.5.4.2 Strategic Choices
18.1.5.4.3 Weaknesses and Competitive Threats
18.1.6 Hyster-Yale Materials Handling
18.1.6.1 Business Overview
18.1.6.2 Products Offered
18.1.6.3 Recent Developments
18.1.6.3.1 Product Launches/Developments
18.1.6.3.2 Deals
18.1.6.3.3 Other Developments
18.1.7 Clark Material Handling Company
18.1.7.1 Business Overview
18.1.7.2 Products Offered
18.1.7.3 Recent Developments
18.1.7.3.1 Product Launches/Developments
18.1.7.3.2 Deals
18.1.7.3.3 Other Developments
18.1.8 Hyundai Construction Equipment
18.1.8.1 Business Overview
18.1.8.2 Products Offered
18.1.8.3 Recent Developments
18.1.8.3.1 Product Launches/Developments
18.1.8.3.2 Deals
18.1.8.3.3 Other Developments
18.1.9 Komatsu Ltd.
18.1.9.1 Business Overview
18.1.9.2 Products Offered
18.1.9.3 Recent Developments
18.1.9.3.1 Product Launches/Developments
18.1.9.3.2 Deals
18.1.10 Bobcat Company
18.1.10.1 Business Overview
18.1.10.2 Products Offered
18.1.10.3 Recent Developments
18.1.10.3.1 Product Launches/Developments
18.1.10.3.2 Other Developments
18.2 Other Players
18.2.1 Kalmar
18.2.2 Anhui Heli Co. Ltd.
18.2.3 Byd Company Ltd.
18.2.4 Godrej Material Handling
18.2.5 Ep Equipment
18.2.6 Lonking
18.2.7 Hangcha Forklift
18.2.8 Konecranes
18.2.9 Combilift
18.2.10 Vallée
18.2.11 Flexi Narrow Aisle
18.2.12 Manitou
18.2.13 Hoist Material Handling
18.2.14 Agilox Services GmbH
18.2.15 E80 Group S.P.A.
18.2.16 Scott Automation
18.2.17 Bastian Solutions
18.2.18 Seegrid Corporation
18.2.19 Vecna Robotics
18.2.20 Murata Machinery, Ltd.
19 Recommendations
19.1 Asia-Pacific to be Leading Market for Forklifts During Forecast Period
19.2 E-Commerce to be Key Focus for Forklift Manufacturers
19.3 Conclusion
20 Appendix
20.1 Insights from Industry Experts
20.2 Discussion Guide
20.3 Knowledgestore: The Subscription Portal
20.4 Customization Options
List of Tables
Table 1 Currency Exchange Rate, 2021 - 2024
Table 2 Market Dynamics
Table 3 Forklift Emission Norms
Table 4 Adoption of Autonomous Forklifts
Table 5 US Third-Party Logistics Market
Table 6 Advantages of Stacker Cranes Over Forklifts
Table 7 Process of Refurbishing Forklifts
Table 8 Average Cost of Rental Forklifts in US
Table 9 Price Comparison Between Forklift Models
Table 10 Automatic vs. Manual Forklift Cost Comparison
Table 11 Average Selling Price Trend, by Region, 2021-2024 (USD)
Table 12 Average Selling Price of Forklifts Offered by Linde, 2024 (USD)
Table 13 Average Selling Price of Forklifts Offered by Hangcha, 2024 (USD)
Table 14 Average Selling Price of Forklifts Offered by Manitou, 2024 (USD)
Table 15 Average Selling Price of Forklifts Offered by Komatsu, 2024 (USD)
Table 16 Average Selling Price of Forklifts Offered by Clark, 2024 (USD)
Table 17 Role of Companies in Ecosystem
Table 18 US: Import Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 19 Canada: Import Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 20 France: Import Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 21 Netherlands: Import Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 22 UK: Import Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 23 China: Export Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 24 Germany: Export Scenario for HS Code 8427-Compliant Products, by Country, 2021-2024 (USD)
Table 25 US: Export Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 26 Italy: Export Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 27 UK: Export Scenario for HS Code 8427-Compliant Products, by Country, 2020-2024 (USD)
Table 28 Key Conferences and Events, 2025-2026
Table 29 List of Funding
Table 30 ROI of Conventional vs. Electric Forklifts
Table 31 Bill of Materials for Forklifts
Table 32 Total Cost of Ownership of Ice vs. Electric Forklifts in US, 2024
Table 33 Patent Analysis
Table 34 Impact of AI/Gen AI on Forklift Market
Table 35 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 36 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 37 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 38 US: Tier 4 Emission Standards
Table 39 Proposed Tier 5 Standards for Off-Road Engines
Table 40 European Union: Stage V Emission Standards
Table 41 China: China IV Emission Standards
Table 42 India: Bs V Emission Standards
Table 43 Influence of Stakeholders on Buying Process, by Operation (%)
Table 44 Key Buying Criteria, by Propulsion
Table 45 Forklift Market, by Propulsion, 2021-2024 (Units)
Table 46 Forklift Market, by Propulsion, 2025-2032 (Units)
Table 47 Forklift Market, by Propulsion, 2021-2024 (USD Million)
Table 48 Forklift Market, by Propulsion, 2025-2032 (USD Million)
Table 49 Electric Forklift Market, by Region, 2021-2024 (Units)
Table 50 Electric Forklift Market, by Region, 2025-2032 (Units)
Table 51 Electric Forklift Market, by Region, 2021-2024 (USD Million)
Table 52 Electric Forklift Market, by Region, 2025-2032 (USD Million)
Table 53 Ice Forklift Market, by Region, 2021-2024 (Units)
Table 54 Ice Forklift Market, by Region, 2025-2032 (Units)
Table 55 Ice Forklift Market, by Region, 2021-2024 (USD Million)
Table 56 Ice Forklift Market, by Region, 2025-2032 (USD Million)
Table 57 Forklift Market, by Tonnage Capacity, 2021-2024 (Units)
Table 58 Forklift Market, by Tonnage Capacity, 2025-2032 (Units)
Table 59 Forklift Market, by Tonnage Capacity, 2021-2024 (USD Million)
Table 60 Forklift Market, by Tonnage Capacity, 2025-2032 (USD Million)
Table 61 < 5 Ton Forklift Market, by Region, 2021-2024 (Units)
Table 62 < 5 Ton Forklift Market, by Region, 2025-2032 (Units)
Table 63 < 5 Ton Forklift Market, by Region, 2021-2024 (USD Million)
Table 64 < 5 Ton Forklift Market, by Region, 2025-2032 (USD Million)
Table 65 5-10 Ton Forklift Market, by Region, 2021-2024 (Units)
Table 66 5-10 Ton Forklift Market, by Region, 2025-2032 (Units)
Table 67 5-10 Ton Forklift Market, by Region, 2021-2024 (USD Million)
Table 68 5-10 Ton Forklift Market, by Region, 2025-2032 (USD Million)
Table 69 11-36 Ton Forklift Market, by Region, 2021-2024 (Units)
Table 70 11-36 Ton Forklift Market, by Region, 2025-2032 (Units)
Table 71 11-36 Ton Forklift Market, by Region, 2021-2024 (USD Million)
Table 72 11-36 Ton Forklift Market, by Region, 2025-2032 (USD Million)
Table 73 >36 Ton Forklift Market, by Region, 2021-2024 (Units)
Table 74 >36 Ton Forklift Market, by Region, 2025-2032 (Units)
Table 75 >36 Ton Forklift Market, by Region, 2021-2024 (USD Million)
Table 76 >36 Ton Forklift Market, by Region, 2025-2032 (USD Million)
Table 77 Forklift Market, by End-use Industry, 2021-2024 (Units)
Table 78 Forklift Market, by End-use Industry, 2025-2032 (Units)
Table 79 Forklift Market, by End-use Industry, 2021-2024 (USD Million)
Table 80 Forklift Market, by End-use Industry, 2025-2032 (USD Million)
Table 81 Third-Party Logistics: Forklift Market, by Region, 2021-2024 (Units)
Table 82 Third-Party Logistics: Forklift Market, by Region, 2025-2032 (Units)
Table 83 Third-Party Logistics: Forklift Market, by Region, 2021-2024 (USD Million)
Table 84 Third-Party Logistics: Forklift Market, by Region, 2025-2032 (USD Million)
Table 85 Food & Beverages: Forklift Market, by Region, 2021-2024 (Units)
Table 86 Food & Beverages: Forklift Market, by Region, 2025-2032 (Units)
Table 87 Food & Beverages: Forklift Market, by Region, 2021-2024 (USD Million)
Table 88 Food & Beverages: Forklift Market, by Region, 2025-2032 (USD Million)
Table 89 Automotive: Forklift Market, by Region, 2021-2024 (Units)
Table 90 Automotive: Forklift Market, by Region, 2025-2032 (Units)
Table 91 Automotive: Forklift Market, by Region, 2021-2024 (USD Million)
Table 92 Automotive: Forklift Market, by Region, 2025-2032 (USD Million)
Table 93 E-Commerce: Forklift Market, by Region, 2021-2024 (Units)
Table 94 E-Commerce: Forklift Market, by Region, 2025-2032 (Units)
Table 95 E-Commerce: Forklift Market, by Region, 2021-2024 (USD Million)
Table 96 E-Commerce: Forklift Market, by Region, 2025-2032 (USD Million)
Table 97 Aviation: Forklift Market, by Region, 2021-2024 (Units)
Table 98 Aviation: Forklift Market, by Region, 2025-2032 (Units)
Table 99 Aviation: Forklift Market, by Region, 2021-2024 (USD Million)
Table 100 Aviation: Forklift Market, by Region, 2025-2032 (USD Million)
Table 101 Pulp & Paper: Forklift Market, by Region, 2021-2024 (Units)
Table 102 Pulp & Paper: Forklift Market, by Region, 2025-2032 (Units)
Table 103 Pulp & Paper: Forklift Market, by Region, 2021-2024 (USD Million)
Table 104 Pulp & Paper: Forklift Market, by Region, 2025-2032 (USD Million)
Table 105 Chemicals: Forklift Market, by Region, 2021-2024 (Units)
Table 106 Chemicals: Forklift Market, by Region, 2025-2032 (Units)
Table 107 Chemicals: Forklift Market, by Region, 2021-2024 (USD Million)
Table 108 Chemicals: Forklift Market, by Region, 2025-2032 (USD Million)
Table 109 Healthcare: Forklift Market, by Region, 2021-2024 (Units)
Table 110 Healthcare: Forklift Market, by Region, 2025-2032 (Units)
Table 111 Healthcare: Forklift Market, by Region, 2021-2024 (USD Million)
Table 112 Healthcare: Forklift Market, by Region, 2025-2032 (USD Million)
Table 113 Semiconductors & Electronics: Forklift Market, by Region, 2021-2024 (Units)
Table 114 Semiconductors & Electronics: Forklift Market, by Region, 2025-2032 (Units)
Table 115 Semiconductors & Electronics: Forklift Market, by Region, 2021-2024 (USD Million)
Table 116 Semiconductors & Electronics: Forklift Market, by Region, 2025-2032 (USD Million)
Table 117 Metals & Heavy Machinery: Forklift Market, by Region, 2021-2024 (Units)
Table 118 Metals & Heavy Machinery: Forklift Market, by Region, 2025-2032 (Units)
Table 119 Metals & Heavy Machinery: Forklift Market, by Region, 2021-2024 (USD Million)
Table 120 Metals & Heavy Machinery: Forklift Market, by Region, 2025-2032 (USD Million)
Table 121 Others: Forklift Market, by Region, 2021-2024 (Units)
Table 122 Others: Forklift Market, by Region, 2025-2032 (Units)
Table 123 Others: Forklift Market, by Region, 2021-2024 (USD Million)
Table 124 Others: Forklift Market, by Region, 2025-2032 (USD Million)
Table 125 Types of Forklift, by Class
Table 126 Forklift Market, by Class, 2021-2024 (Units)
Table 127 Forklift Market, by Class, 2025-2032 (Units)
Table 128 Class 1 Forklift Market, by Region, 2021-2024 (Units)
Table 129 Class 1 Forklift Market, by Region, 2025-2032 (Units)
Table 130 Class 2 Forklift Market, by Region, 2021-2024 (Units)
Table 131 Class 2 Forklift Market, by Region, 2025-2032 (Units)
Table 132 Class 3 Forklift Market, by Region, 2021-2024 (Units)
Table 133 Class 3 Forklift Market, by Region, 2025-2032 (Units)
Table 134 Class 31 Forklift Market, by Region, 2021-2024 (Units)
Table 135 Class 31 Forklift Market, by Region, 2025-2032 (Units)
Table 136 Class 32 Forklift Market, by Region, 2021-2024 (Units)
Table 137 Class 32 Forklift Market, by Region, 2025-2032 (Units)
Table 138 Class 31 vs. Class 32 Forklifts
Table 139 Class 4/5 Forklift Market, by Region, 2021-2024 (Units)
Table 140 Class 4/5 Forklift Market, by Region, 2025-2032 (Units)
Table 141 Forklift Market, by Operation, 2021-2024 (Units)
Table 142 Forklift Market, by Operation, 2025-2032 (Units)
Table 143 Forklift Market, by Operation, 2021-2024 (USD Million)
Table 144 Forklift Market, by Operation, 2025-2032 (USD Million)
Table 145 Manual Forklift Market, by Region, 2021-2024 (Units)
Table 146 Manual Forklift Market, by Region, 2025-2032 (Units)
Table 147 Manual Forklift Market, by Region, 2021-2024 (USD Million)
Table 148 Manual Forklift Market, by Region, 2025-2032 (USD Million)
Table 149 Autonomous Forklift Market, by Region, 2021-2024 (Units)
Table 150 Autonomous Forklift Market, by Region, 2025-2032 (Units)
Table 151 Autonomous Forklift Market, by Region, 2021-2024 (USD Million)
Table 152 Autonomous Forklift Market, by Region, 2025-2032 (USD Million)
Table 153 Forklift Market, by Application, 2021-2024 (Units)
Table 154 Forklift Market, by Application, 2025-2032 (Units)
Table 155 Forklift Market, by Application, 2021-2024 (USD Million)
Table 156 Forklift Market, by Application, 2025-2032 (USD Million)
Table 157 Indoor Forklift Market, by Region, 2021-2024 (Units)
Table 158 Indoor Forklift Market, by Region, 2025-2032 (Units)
Table 159 Indoor Forklift Market, by Region, 2021-2024 (USD Million)
Table 160 Indoor Forklift Market, by Region, 2025-2032 (USD Million)
Table 161 Outdoor Forklift Market, by Region, 2021-2024 (Units)
Table 162 Outdoor Forklift Market, by Region, 2025-2032 (Units)
Table 163 Outdoor Forklift Market, by Region, 2021-2024 (USD Million)
Table 164 Outdoor Forklift Market, by Region, 2025-2032 (USD Million)
Table 165 Indoor & Outdoor Forklift Market, by Region, 2021-2024 (Units)
Table 166 Indoor & Outdoor Forklift Market, by Region, 2025-2032 (Units)
Table 167 Indoor & Outdoor Forklift Market, by Region, 2021-2024 (USD Million)
Table 168 Indoor & Outdoor Forklift Market, by Region, 2025-2032 (USD Million)
Table 169 Electric Forklift Market, by Battery Type, 2021-2024 (Units)
Table 170 Electric Forklift Market, by Battery Type, 2025-2032 (Units)
Table 171 Electric Forklift Market, by Battery Type, 2021-2024 (USD Million)
Table 172 Electric Forklift Market, by Battery Type, 2025-2032 (USD Million)
Table 173 Lithium-Ion Electric Forklift Market, by Region, 2021-2024 (Units)
Table 174 Lithium-Ion Electric Forklift Market, by Region, 2025-2032 (Units)
Table 175 Lithium-Ion Electric Forklift Market, by Region, 2021-2024 (USD Million)
Table 176 Lithium-Ion Electric Forklift Market, by Region, 2025-2032 (USD Million)
Table 177 Lead Acid Electric Forklift Market, by Region, 2021-2024 (Units)
Table 178 Lead Acid Electric Forklift Market, by Region, 2025-2032 (Units)
Table 179 Lead Acid Electric Forklift Market, by Region, 2021-2024 (USD Million)
Table 180 Lead Acid Electric Forklift Market, by Region, 2025-2032 (USD Million)
Table 181 Electric Forklift Market, by Lifting Capacity, 2021-2024 (Units)
Table 182 Electric Forklift Market, by Lifting Capacity, 2025-2032 (Units)
Table 183 < 2 Ton Electric Forklift Market, by Region, 2021-2024 (Units)
Table 184 < 2 Ton Electric Forklift Market, by Region, 2025-2032 (Units)
Table 185 2-5 Ton Electric Forklift Market, by Region, 2021-2024 (Units)
Table 186 2-5 Ton Electric Forklift Market, by Region, 2025-2032 (Units)
Table 187 >5 Ton Electric Forklift Market, by Region, 2021-2024 (Units)
Table 188 >5 Ton Electric Forklift Market, by Region, 2025-2032 (Units)
Table 189 Forklift Market, by Product Type, 2021-2024 (Units)
Table 190 Forklift Market, by Product Type, 2025-2032 (Units)
Table 191 Warehouse Forklift Market, by Region, 2021-2024 (Units)
Table 192 Warehouse Forklift Market, by Region, 2025-2032 (Units)
Table 193 Counterbalance Forklift Market, by Region, 2021-2024 (Units)
Table 194 Counterbalance Forklift Market, by Region, 2025-2032 (Units)
Table 195 Forklift Market, by Tire Type, 2021-2024 (Units)
Table 196 Forklift Market, by Tire Type, 2025-2032 (Units)
Table 197 Forklift Market, by Tire Type, 2021-2024 (USD Million)
Table 198 Forklift Market, by Tire Type, 2025-2032 (USD Million)
Table 199 Cushion Forklift Market, by Region, 2021-2024 (Units)
Table 200 Cushion Forklift Market, by Region, 2025-2032 (Units)
Table 201 Cushion Forklift Market, by Region, 2021-2024 (USD Million)
Table 202 Cushion Forklift Market, by Region, 2025-2032 (USD Million)
Table 203 Pneumatic Forklift Market, by Region, 2021-2024 (Units)
Table 204 Pneumatic Forklift Market, by Region, 2025-2032 (Units)
Table 205 Pneumatic Forklift Market, by Region, 2021-2024 (USD Million)
Table 206 Pneumatic Forklift Market, by Region, 2025-2032 (USD Million)
Table 207 Forklift Market, by Region, 2021-2024 (Units)
Table 208 Forklift Market, by Region, 2025-2032 (Units)
Table 209 Forklift Market, by Region, 2021-2024 (USD Million)
Table 210 Forklift Market, by Region, 2025-2032 (USD Million)
Table 211 Asia-Pacific: Forklift Market, by Class, 2021-2024 (Units)
Table 212 Asia-Pacific: Forklift Market, by Class, 2025-2032 (Units)
Table 213 Asia-Pacific: Forklift Market, by Operation, 2021-2024 (Units)
Table 214 Asia-Pacific: Forklift Market, by Operation, 2025-2032 (Units)
Table 215 Asia-Pacific: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 216 Asia-Pacific: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 217 Asia-Pacific: Forklift Market, by Country, 2021-2024 (Units)
Table 218 Asia-Pacific: Forklift Market, by Country, 2025-2032 (Units)
Table 219 Asia-Pacific: Forklift Market, by Country, 2021-2024 (USD Million)
Table 220 Asia-Pacific: Forklift Market, by Country, 2025-2032 (USD Million)
Table 221 China: Forklift Market, by Class, 2021-2024 (Units)
Table 222 China: Forklift Market, by Class, 2025-2032 (Units)
Table 223 China: Forklift Market, by Operation, 2021-2024 (Units)
Table 224 China: Forklift Market, by Operation, 2025-2032 (Units)
Table 225 China: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 226 China: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 227 India: Forklift Market, by Class, 2021-2024 (Units)
Table 228 India: Forklift Market, by Class, 2025-2032 (Units)
Table 229 India: Forklift Market, by Operation, 2021-2024 (Units)
Table 230 India: Forklift Market, by Operation, 2025-2032 (Units)
Table 231 India: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 232 India: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 233 Japan: Forklift Market, by Class, 2021-2024 (Units)
Table 234 Japan: Forklift Market, by Class, 2025-2032 (Units)
Table 235 Japan: Forklift Market, by Operation, 2021-2024 (Units)
Table 236 Japan: Forklift Market, by Operation, 2025-2032 (Units)
Table 237 Japan: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 238 Japan: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 239 South Korea: Forklift Market, by Class, 2021-2024 (Units)
Table 240 South Korea: Forklift Market, by Class, 2025-2032 (Units)
Table 241 South Korea: Forklift Market, by Operation, 2021-2024 (Units)
Table 242 South Korea: Forklift Market, by Operation, 2025-2032 (Units)
Table 243 South Korea: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 244 South Korea: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 245 Europe: Forklift Market, by Class, 2021-2024 (Units)
Table 246 Europe: Forklift Market, by Class, 2025-2032 (Units)
Table 247 Europe: Forklift Market, by Operation, 2021-2024 (Units)
Table 248 Europe: Forklift Market, by Operation, 2025-2032 (Units)
Table 249 Europe: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 250 Europe: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 251 Europe: Forklift Market, by Country, 2021-2024 (Units)
Table 252 Europe: Forklift Market, by Country, 2025-2032 (Units)
Table 253 Europe: Forklift Market, by Country, 2021-2024 (USD Million)
Table 254 Europe: Forklift Market, by Country, 2025-2032 (USD Million)
Table 255 Germany: Forklift Market, by Class, 2021-2024 (Units)
Table 256 Germany: Forklift Market, by Class, 2025-2032 (Units)
Table 257 Germany: Forklift Market, by Operation, 2021-2024 (Units)
Table 258 Germany: Forklift Market, by Operation, 2025-2032 (Units)
Table 259 Germany: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 260 Germany: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 261 UK: Forklift Market, by Class, 2021-2024 (Units)
Table 262 UK: Forklift Market, by Class, 2025-2032 (Units)
Table 263 UK: Forklift Market, by Operation, 2021-2024 (Units)
Table 264 UK: Forklift Market, by Operation, 2025-2032 (Units)
Table 265 UK: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 266 UK: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 267 France: Forklift Market, by Class, 2021-2024 (Units)
Table 268 France: Forklift Market, by Class, 2025-2032 (Units)
Table 269 France: Forklift Market, by Operation, 2021-2024 (Units)
Table 270 France: Forklift Market, by Operation, 2025-2032 (Units)
Table 271 France: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 272 France: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 273 Italy: Forklift Market, by Class, 2021-2024 (Units)
Table 274 Italy: Forklift Market, by Class, 2025-2032 (Units)
Table 275 Italy: Forklift Market, by Operation, 2021-2024 (Units)
Table 276 Italy: Forklift Market, by Operation, 2025-2032 (Units)
Table 277 Italy: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 278 Italy: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 279 Spain: Forklift Market, by Class, 2021-2024 (Units)
Table 280 Spain: Forklift Market, by Class, 2025-2032 (Units)
Table 281 Spain: Forklift Market, by Operation, 2021-2024 (Units)
Table 282 Spain: Forklift Market, by Operation, 2025-2032 (Units)
Table 283 Spain: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 284 Spain: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 285 Russia: Forklift Market, by Class, 2021-2024 (Units)
Table 286 Russia: Forklift Market, by Class, 2025-2032 (Units)
Table 287 Russia: Forklift Market, by Operation, 2021-2024 (Units)
Table 288 Russia: Forklift Market, by Operation, 2025-2032 (Units)
Table 289 Russia: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 290 Russia: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 291 Turkey: Forklift Market, by Class, 2021-2024 (Units)
Table 292 Turkey: Forklift Market, by Class, 2025-2032 (Units)
Table 293 Turkey: Forklift Market, by Operation, 2021-2024 (Units)
Table 294 Turkey: Forklift Market, by Operation, 2025-2032 (Units)
Table 295 Turkey: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 296 Turkey: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 297 Eastern Europe: Forklift Market, by Class, 2021-2024 (Units)
Table 298 Eastern Europe: Forklift Market, by Class, 2025-2032 (Units)
Table 299 Eastern Europe: Forklift Market, by Operation, 2021-2024 (Units)
Table 300 Eastern Europe: Forklift Market, by Operation, 2025-2032 (Units)
Table 301 Eastern Europe: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 302 Eastern Europe: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 303 Rest of Europe: Forklift Market, by Class, 2021-2024 (Units)
Table 304 Rest of Europe: Forklift Market, by Class, 2025-2032 (Units)
Table 305 Rest of Europe: Forklift Market, by Operation, 2021-2024 (Units)
Table 306 Rest of Europe: Forklift Market, by Operation, 2025-2032 (Units)
Table 307 Rest of Europe: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 308 Rest of Europe: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 309 North America: Forklift Market, by Class, 2021-2024 (Units)
Table 310 North America: Forklift Market, by Class, 2025-2032 (Units)
Table 311 North America: Forklift Market, by Operation, 2021-2024 (Units)
Table 312 North America: Forklift Market, by Operation, 2025-2032 (Units)
Table 313 North America: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 314 North America: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 315 North America: Forklift Market, by Country, 2021-2024 (Units)
Table 316 North America: Forklift Market, by Country, 2025-2032 (Units)
Table 317 North America: Forklift Market, by Country, 2021-2024 (USD Million)
Table 318 North America: Forklift Market, by Country, 2025-2032 (USD Million)
Table 319 US: Forklift Market, by Class, 2021-2024 (Units)
Table 320 US: Forklift Market, by Class, 2025-2032 (Units)
Table 321 US: Forklift Market, by Operation, 2021-2024 (Units)
Table 322 US: Forklift Market, by Operation, 2025-2032 (Units)
Table 323 US: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 324 US: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 325 Mexico: Forklift Market, by Class, 2021-2024 (Units)
Table 326 Mexico: Forklift Market, by Class, 2025-2032 (Units)
Table 327 Mexico: Forklift Market, by Operation, 2021-2024 (Units)
Table 328 Mexico: Forklift Market, by Operation, 2025-2032 (Units)
Table 329 Mexico: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 330 Mexico: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 331 Canada: Forklift Market, by Class, 2021-2024 (Units)
Table 332 Canada: Forklift Market, by Class, 2025-2032 (Units)
Table 333 Canada: Forklift Market, by Operation, 2021-2024 (Units)
Table 334 Canada: Forklift Market, by Operation, 2025-2032 (Units)
Table 335 Canada: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 336 Canada: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 337 Rest of the World: Forklift Market, by Class, 2021-2024 (Units)
Table 338 Rest of the World: Forklift Market, by Class, 2025-2032 (Units)
Table 339 Rest of the World: Forklift Market, by Operation, 2021-2024 (Units)
Table 340 Rest of the World: Forklift Market, by Operation, 2025-2032 (Units)
Table 341 Rest of the World: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 342 Rest of the World: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 343 Rest of the World: Forklift Market, by Region, 2021-2024 (Units)
Table 344 Rest of the World: Forklift Market, by Region, 2025-2032 (Units)
Table 345 Rest of the World: Forklift Market, by Region, 2021-2024 (USD Million)
Table 346 Rest of the World: Forklift Market, by Region, 2025-2032 (USD Million)
Table 347 Africa: Forklift Market, by Class, 2021-2024 (Units)
Table 348 Africa: Forklift Market, by Class, 2025-2032 (Units)
Table 349 Africa: Forklift Market, by Operation, 2021-2024 (Units)
Table 350 Africa: Forklift Market, by Operation, 2025-2032 (Units)
Table 351 Africa: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 352 Africa: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 353 Australia & Oceania: Forklift Market, by Class, 2021-2024 (Units)
Table 354 Australia & Oceania: Forklift Market, by Class, 2025-2032 (Units)
Table 355 Australia & Oceania: Forklift Market, by Operation, 2021-2024 (Units)
Table 356 Australia & Oceania: Forklift Market, by Operation, 2025-2032 (Units)
Table 357 Australia & Oceania: Forklift Market, by Operation, 2021-2024 (USD Million)
Table 358 Australia & Oceania: Forklift Market, by Operation, 2025-2032 (USD Million)
Table 359 Key Player Strategies/Right to Win, 2021-2025
Table 360 Forklift Market: Degree of Competition, 2024
Table 361 Region Footprint
Table 362 Propulsion Footprint
Table 363 Operation Footprint
Table 364 List of Start-Ups/SMEs
Table 365 Competitive Benchmarking of Start-Ups/SMEs
Table 366 Forklift Market: Product Launches/Developments, 2021-2025
Table 367 Forklift Market: Deals, 2021-2025
Table 368 Forklift Market: Expansions, 2021-2025
Table 369 Toyota Industries Corporation: Company Overview
Table 370 Toyota Industries Corporation: Products Offered
Table 371 Toyota Industries Corporation: Product Launches/Developments
Table 372 Toyota Industries Corporation: Deals
Table 373 Toyota Industries Corporation: Expansions
Table 374 Toyota Industries Corporation: Other Developments
Table 375 Kion Group AG: Company Overview
Table 376 Kion Group AG: Products Offered
Table 377 Kion Group AG: Product Launches/Developments
Table 378 Kion Group AG: Deals
Table 379 Kion Group AG: Expansions
Table 380 Jungheinrich AG: Company Overview
Table 381 Jungheinrich AG: Products Offered
Table 382 Jungheinrich AG: Product Launches/Developments
Table 383 Jungheinrich AG: Deals
Table 384 Jungheinrich AG: Expansions
Table 385 Jungheinrich AG: Other Developments
Table 386 Mitsubishi Logisnext Co. Ltd.: Company Overview
Table 387 Mitsubishi Logisnext Co. Ltd.: Products Offered
Table 388 Mitsubishi Logisnext Co. Ltd.: Product Launches/Developments
Table 389 Mitsubishi Logisnext Co. Ltd.: Expansions
Table 390 Mitsubishi Logisnext Co. Ltd.: Other Developments
Table 391 Crown Equipment Corporation: Company Overview
Table 392 Crown Equipment Corporation: Products Offered
Table 393 Crown Equipment Corporation: Product Launches/Developments
Table 394 Crown Equipment Corporation: Expansions
Table 395 Crown Equipment Corporation: Other Developments
Table 396 Hyster-Yale Materials Handling: Company Overview
Table 397 Hyster-Yale Materials Handling: Products Offered
Table 398 Hyster-Yale Materials Handling: Product Launches/Developments
Table 399 Hyster-Yale Materials Handling: Deals
Table 400 Hyster-Yale Materials Handling: Other Developments
Table 401 Clark Material Handling Company: Company Overview
Table 402 Clark Material Handling Company: Products Offered
Table 403 Clark Material Handling Company: Product Launches/Developments
Table 404 Clark Material Handling Company: Deals
Table 405 Clark Material Handling Company: Other Developments
Table 406 Hyundai Construction Equipment: Company Overview
Table 407 Hyundai Construction Equipment: Products Offered
Table 408 Hyundai Construction Equipment: Product Launches/Developments
Table 409 Hyundai Construction Equipment: Deals
Table 410 Hyundai Construction Equipment: Other Developments
Table 411 Komatsu Ltd.: Company Overview
Table 412 Komatsu Ltd.: Products Offered
Table 413 Komatsu Ltd.: Product Launches/Developments
Table 414 Komatsu Ltd.: Deals
Table 415 Bobcat Company: Company Overview
Table 416 Bobcat Company: Products Offered
Table 417 Bobcat Company: Product Launches/Developments
Table 418 Bobcat Company: Other Developments
Table 419 Kalmar: Company Overview
Table 420 Anhui Heli Co. Ltd.: Company Overview
Table 421 Byd Company Ltd.: Company Overview
Table 422 Godrej Material Handling: Company Overview
Table 423 Ep Equipment: Company Overview
Table 424 Lonking: Company Overview
Table 425 Hangcha Forklift: Company Overview
Table 426 Konecranes: Company Overview
Table 427 Combilift: Company Overview
Table 428 Vallée: Company Overview
Table 429 Flexi Narrow Aisle: Company Overview
Table 430 Manitou: Company Overview
Table 431 Hoist Material Handling: Company Overview
Table 432 Agilox Services GmbH: Company Overview
Table 433 E80 Group S.P.A.: Company Overview
Table 434 Scott Automation: Company Overview
Table 435 Bastian Solutions: Company Overview
Table 436 Seegrid Corporation: Company Overview
Table 437 Vecna Robotics: Company Overview
Table 438 Murata Machinery, Ltd.: Company Overview
List of Figures
Figure 1 Forklift Market Segmentation
Figure 2 Research Design
Figure 3 Research Design Model
Figure 4 Research Methodology: Hypothesis Building
Figure 5 Bottom-Up Approach
Figure 6 Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Factor Analysis for Market Sizing: Demand- and Supply-Sides
Figure 9 Key Factors Impacting Forklift Market
Figure 10 Report Summary
Figure 11 Forklift Market, by Region
Figure 12 Forklift Market Dynamics
Figure 13 Global Retail E-Commerce Sales, 2020-2024 (USD Billion)
Figure 14 Modular Configuration Options in Forklifts
Figure 15 Trends and Disruptions Impacting Customer Business
Figure 16 Average Selling Price Trend, by Region, 2021-2024 (USD)
Figure 17 Ecosystem Analysis
Figure 18 Ecosystem Map
Figure 19 Supply Chain Analysis
Figure 20 Investment and Funding Scenario, 2021-2025
Figure 21 Battery Capacity vs. Lifting Capacity
Figure 22 Lifting Capacity vs. Lifting Voltage
Figure 23 Battery Voltage vs. Market Size of Forklifts
Figure 24 Bill of Materials for Forklifts
Figure 25 Total Cost of Ownership for Forklifts
Figure 26 Patents Analysis
Figure 27 Influence of Stakeholders on Buying Process, by Operation
Figure 28 Key Buying Criteria, by Propulsion
Figure 29 Forklift Market, by Propulsion, 2025 vs. 2032 (USD Million)
Figure 30 Forklift Market, by Tonnage Capacity, 2025 vs. 2032 (USD Million)
Figure 31 Forklift Market, by End-use Industry, 2025 vs. 2032 (USD Million)
Figure 32 Forklift Market, by Class, 2025 vs. 2032 (Units)
Figure 33 Forklift Market, by Operation, 2025 vs. 2032 (USD Million)
Figure 34 Forklift Market, by Application, 2025 vs. 2032 (USD Million)
Figure 35 Electric Forklift Market, by Battery Type, 2025 vs. 2032 (USD Million)
Figure 36 Electric Forklift Market, by Lifting Capacity, 2025 vs. 2032 (Units)
Figure 37 Forklift Market, by Product Type, 2025 vs. 2032 (Units)
Figure 38 Forklift Market, by Tire Type, 2025 vs. 2032 (USD Million)
Figure 39 Forklift Market, by Region, 2025 vs. 2032 (USD Million)
Figure 40 Asia-Pacific: Real GDP Growth Rate, by Country, 2024-2026
Figure 41 Asia-Pacific: GDP Per Capita, by Country, 2024-2026
Figure 42 Asia-Pacific: Inflation Rate Average Consumer Prices, by Country, 2024-2026
Figure 43 Asia-Pacific: Manufacturing Industry's Contribution to GDP, by Country, 2024
Figure 44 Asia-Pacific: Forklift Market Snapshot
Figure 45 Europe: Real GDP Growth Rate, by Country, 2024-2026
Figure 46 Europe: GDP Per Capita, by Country, 2024-2026
Figure 47 Europe: Inflation Rate Average Consumer Prices, by Country, 2024-2026
Figure 48 Europe: Manufacturing Industry's Contribution to GDP, by Country, 2024
Figure 49 Europe: Forklift Market Snapshot
Figure 50 North America: Real GDP Growth Rate, by Country, 2024-2026
Figure 51 North America: GDP Per Capita, by Country, 2024-2026
Figure 52 North America: Inflation Rate Average Consumer Prices, by Country, 2024-2026
Figure 53 North America: Manufacturing Industry's Contribution to GDP, by Country, 2024
Figure 54 North America: Forklift Market Snapshot
Figure 55 Rest of the World: Real GDP Growth Rate, by Country, 2024-2026
Figure 56 Rest of the World: GDP Per Capita, by Country, 2024-2026
Figure 57 Rest of the World: Inflation Rate Average Consumer Prices, by Country, 2024-2026
Figure 58 Rest of the World: Manufacturing Industry's Contribution to GDP, by Country
Figure 59 Rest of the World: Forklift Market, 2025 vs. 2032 (USD Million)
Figure 60 Market Share Analysis of Key Players, 2024
Figure 61 Revenue Analysis of Top Five Players, 2021-2024
Figure 62 Company Valuation (USD Billion)
Figure 63 Financial Metrics (EV/EBITDA)
Figure 64 Brand/Product Comparison
Figure 65 Company Evaluation Matrix (Key Players), 2024
Figure 66 Company Footprint
Figure 67 Company Evaluation Matrix (Start-Ups/SMEs), 2024
Figure 68 Toyota Industries Corporation: Company Snapshot
Figure 69 Kion Group AG: Company Snapshot
Figure 70 Jungheinrich AG: Company Snapshot
Figure 71 Mitsubishi Logisnext Co. Ltd.: Company Snapshot
Figure 72 Hyster-Yale Materials Handling: Company Snapshot
Figure 73 Hyundai Construction Equipment: Company Snapshot
Figure 74 Komatsu Ltd.: Company Snapshot
Figure 75 Bobcat Company: Company Snapshot

Companies Mentioned

  • Toyota Industries Corporation
  • Kion Group AG
  • Jungheinrich AG
  • Mitsubishi Logisnext Co. Ltd.
  • Crown Equipment Corporation
  • Hyster-Yale Materials Handling
  • Clark Material Handling Company
  • Hyundai Construction Equipment
  • Komatsu Ltd.
  • Bobcat Company
  • Kalmar
  • Anhui Heli Co. Ltd.
  • Byd Company Ltd.
  • Godrej Material Handling
  • Ep Equipment
  • Lonking
  • Hangcha Forklift
  • Konecranes
  • Combilift
  • Vallée
  • Flexi Narrow Aisle
  • Manitou
  • Hoist Material Handling
  • Agilox Services GmbH
  • E80 Group S.P.A.
  • Scott Automation
  • Bastian Solutions
  • Seegrid Corporation
  • Vecna Robotics
  • Murata Machinery, Ltd.

Table Information

Report AttributeDetails
No. of Pages362
PublishedOctober 2025
Forecast Period2025 - 2032
Estimated Market Value ( USD ) in 2025 $ 91.19 Billion
Forecasted Market Value ( USD ) by 2032 $ 141.32 Billion
Compound Annual Growth Rate6.5%
Regions CoveredGlobal
No. of Companies Mentioned30

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