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Forklift Market Size, Share & Trends Analysis Report by Class (Class 1, Class 2), Power Source, Load Capacity (Below 5 Ton, 5-15 Ton, Above 16 Ton), Battery Type, End Use, and Region with Growth Forecasts, 2025-2030

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    Report

  • 130 Pages
  • February 2025
  • Region: Global
  • Grand View Research
  • ID: 5595774
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Description Jump to:
The Forklift Market was valued at USD 72.59 billion in 2024, and is projected to reach USD 154.99 billion by 2030, rising at a CAGR of 13.70%. The e-commerce industry has experienced significant growth due to factors such as increased disposable income, widespread internet access, and enhanced shopping convenience. This surge in online shopping, coupled with unpredictable shipping and shopping patterns, as well as direct-to-customer shipments, has led to a substantial increase in retail sales. Hence, this growth in retail sales has brought about a noticeable transformation in warehouse operations. Warehouses are tasked with fulfilling substantial orders for individual items. This shift necessitates greater efficiency among warehouse workers and forklifts in the processes of locating, selecting, and transporting goods within the warehouse space.

Manufacturers such as Toyota Material Handling and Hyster-Yale Materials Handling, Inc. are focusing on investing heavily in R&D activities to manufacture technologically advanced autonomous forklifts. Hyster-Yale Materials Handling, Inc. integrates forklifts with systems such as Enterprise Resource Planning (ERP) and Warehouse Management System (WMS), offering employees a complete real-time view of the automated forklift. In addition, manufacturers aim to reduce the dependency of autonomous forklifts on guide wires, magnets, and lasers. Autonomous forklifts provide stable and consistent performance. These machines may reduce the cost of finding as well as onboarding a new workforce. They decrease product damage and reduce the ergonomic impact of physically demanding and monotonous work tasks for warehouse workers.

Forklift suppliers are constantly upgrading the technologies used in forklifts to provide advanced features, such as operator assist, improved ergonomics, and onboard programming and diagnostics. For instance, in October 2022, Toyota Material Handling (TMH), a forklift manufacturer and warehousing solutions provider, launched an updated version of its 3-Wheel Electric Forklift featuring Toyota Assist's SEnS+ pedestrian detection technology to detect objects and pedestrians within the detection range. Other features included enhanced energy efficiency to allow for a 40% longer run time on a single charge, an auto power mode to detect slopes and automatically switch to a higher power mode to maintain speed, and a lithium-ion battery to minimize maintenance costs and reduce downtime for improved productivity. These enhancements were designed to enable operators to be more productive while incurring a lower cost of ownership over the forklift’s lifespan.

Forklift Market Report Highlights

  • The class 3 segment accounted for the largest market share of 44.2% in 2024. Due to the growing demand from small and medium-sized warehouses for material loading and unloading, the market is anticipated to gain momentum.
  • The below 5 segment is expected to register the fastest CAGR over the forecast period. The segment growth is owing to their versatility, compactness, and cost-effectiveness, among others making them a valuable asset for end-use industries seeking flexible and efficient material handling solutions.
  • The lithium-ion segment is anticipated to register the highest CAGR over the forecast period. These batteries are broadly used in electric forklifts as they provide longer lifespan, higher energy density, and faster charging capabilities.
  • Retail & e-commerce is expected to register the highest growth rate over the forecast period. As businesses strive to optimize their supply chain operations and enhance productivity, they invest in advanced warehousing facilities. As a result, the need for efficient forklifts has grown substantially.
  • The Asia Pacific forklift industry accounted for 48.4% share of the overall market in 2024. Companies in the region are incorporating smart technologies such as IoT sensors, telematics, and AI-driven fleet management systems into forklifts. These innovations enable real-time monitoring, predictive maintenance, and optimized route planning, driving better decision-making and cost savings for end-use industries.
  • In August 2024, Crown Equipment Corporation opened a sales and service facility in New Albany, Ohio. This new facility is expected to offer material handling and warehouse solutions to customers in the area. The facility will also provide regional businesses with the necessary equipment and services to boost productivity and uptime, ensuring their material handling operations and supply chains remain efficient and effective.

This report addresses:

  • Market intelligence to enable effective decision-making.
  • Market estimates and forecasts from 2018 to 2030.
  • Growth opportunities and trend analyses.
  • Segment and regional revenue forecasts for market assessment.
  • Competition strategy and market share analysis.
  • Product innovation listings for you to stay ahead of the curve.
  • COVID-19's impact and how to sustain in this fast-evolving market.

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Forklift Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Forklift Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. Forklift Market : Class Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Forklift Market : Class Movement Analysis, 2024 & 2030 (USD Million)
4.3. Class 1
4.3.1. Class 1 Market Revenue Estimates and Forecasts, 2018-2030 (USD Million, Volume Units)
4.4. Class 2
4.4.1. Class 2 Market Revenue Estimates and Forecasts, 2018-2030 (USD Million, Volume Units)
4.5. Class 3
4.5.1. Class 3 Market Revenue Estimates and Forecasts, 2018-2030 (USD Million, Volume Units)
4.6. Class 4/5
4.6.1. Class 4/5 Market Revenue Estimates and Forecasts, 2018-2030 (USD Million, Volume Units)
Chapter 5. Forklift Market : Power Source Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Forklift Market : Power Source Movement Analysis, 2024 & 2030 (USD Million)
5.3. ICE
5.3.1. ICE Market Revenue Estimates and Forecasts, 2018-2030 (USD Million, Volume Units)
5.4. Electric
5.4.1. Electric Market Revenue Estimates and Forecasts, 2018-2030 (USD Million, Volume Units)
Chapter 6. Forklift Market : Load Capacity Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Forklift Market : Load Capacity Movement Analysis, 2024 & 2030 (USD Million)
6.3. Below 5 Ton
6.3.1. Below 5 ton Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
6.4. 5-15 Ton
6.4.1. 5-15 Ton Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
6.5. 16 Ton
6.5.1. 16 Ton Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 7. Forklift Market : Electric Battery Type Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Forklift Market : Electric Battery Type Movement Analysis, 2024 & 2030 (USD Million)
7.3. Li-ion
7.3.1. Li-ion Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
7.4. Lead Acid
7.4.1. Lead Acid Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 8. Forklift Market : End Use Estimates & Trend Analysis
8.1. Segment Dashboard
8.2. Forklift Market : End Use Movement Analysis, 2024 & 2030 (USD Million)
8.3. Industrial
8.3.1. Industrial Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
8.4. Logistics
8.4.1. Logistics Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
8.5. Chemical
8.5.1. Chemical Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
8.6. Food & Beverage
8.6.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
8.7. Retail & E-commerce
8.7.1. Retail & E-commerce Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
8.8. Others
8.8.1. Others Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 9. Forklift Market : Regional Estimates & Trend Analysis
9.1. Forklift Market Share, by Region, 2024 & 2030 (USD Million)
9.2. North America
9.2.1. North America Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.2.2. U.S.
9.2.2.1. U.S. Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.2.3. Canada
9.2.3.1. Canada Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.3. Europe
9.3.1. Europe Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.3.2. UK
9.3.2.1. UK Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.3.3. Germany
9.3.3.1. Germany Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.3.4. France
9.3.4.1. France Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.3.5. Italy
9.3.5.1. Italy Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.3.6. Spain
9.3.6.1. Spain Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.4. Asia Pacific
9.4.1. Asia Pacific Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.4.2. China
9.4.2.1. China Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.4.3. Japan
9.4.3.1. Japan Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.4.4. India
9.4.4.1. India Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.4.5. South Korea
9.4.5.1. South Korea Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.4.6. Australia
9.4.6.1. Australia Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.5. Latin America
9.5.1. Latin America Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.5.2. Brazil
9.5.2.1. Brazil Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.5.3. Mexico
9.5.3.1. Mexico Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.5.4. Argentina
9.5.4.1. Argentina Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.6. Middle East and Africa
9.6.1. Middle East and Africa Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.6.2. UAE
9.6.2.1. UAE Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.6.3. KSA
9.6.3.1. KSA Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
9.6.4. South Africa
9.6.4.1. South Africa Forklift Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 10. Competitive Landscape
10.1. Company Categorization
10.2. Company Market Positioning
10.3. Company Heat Map Analysis
10.4. Company Profiles/Listing
10.4.1. Anhui Heli Co., Ltd.
10.4.1.1. Participant’s Overview
10.4.1.2. Financial Performance
10.4.1.3. Product Benchmarking
10.4.1.4. Strategic Initiatives
10.4.2. Clark Material Handing Company, (Clark Equipment Company)
10.4.2.1. Participant’s Overview
10.4.2.2. Financial Performance
10.4.2.3. Product Benchmarking
10.4.2.4. Strategic Initiatives
10.4.3. Crown Equipment Corporation
10.4.3.1. Participant’s Overview
10.4.3.2. Financial Performance
10.4.3.3. Product Benchmarking
10.4.3.4. Strategic Initiatives
10.4.4. Doosan Corporation
10.4.4.1. Participant’s Overview
10.4.4.2. Financial Performance
10.4.4.3. Product Benchmarking
10.4.4.4. Strategic Initiatives
10.4.5. Hangcha Forklift
10.4.5.1. Participant’s Overview
10.4.5.2. Financial Performance
10.4.5.3. Product Benchmarking
10.4.5.4. Strategic Initiatives
10.4.6. Hyster-Yale Materials Handling, Inc.(Hyster-Yale Group, Inc.)
10.4.6.1. Participant’s Overview
10.4.6.2. Financial Performance
10.4.6.3. Product Benchmarking
10.4.6.4. Strategic Initiatives
10.4.7. Jungheinrich AG
10.4.7.1. Participant’s Overview
10.4.7.2. Financial Performance
10.4.7.3. Product Benchmarking
10.4.7.4. Strategic Initiatives
10.4.8. KION Group AG
10.4.8.1. Participant’s Overview
10.4.8.2. Financial Performance
10.4.8.3. Product Benchmarking
10.4.8.4. Strategic Initiatives
10.4.9. Komatsu Ltd.
10.4.9.1. Participant’s Overview
10.4.9.2. Financial Performance
10.4.9.3. Product Benchmarking
10.4.9.4. Strategic Initiatives
10.4.10. Mitsubishi Logisnext Co., Ltd.
10.4.10.1. Participant’s Overview
10.4.10.2. Financial Performance
10.4.10.3. Product Benchmarking
10.4.10.4. Strategic Initiatives
10.4.11. Toyota Motor Corporation (Toyota Material Handling)
10.4.11.1. Participant’s Overview
10.4.11.2. Financial Performance
10.4.11.3. Product Benchmarking
10.4.11.4. Strategic Initiatives
List of Tables
Table 1 Global Forklift Market size estimates & forecasts 2018-2030 (USD Million)
Table 2 Global Forklift Market , by region 2018-2030 (USD Million)
Table 3 Global Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 4 Global Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 5 Global Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 6 Global Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 7 Global Forklift Market , by End Use 2018-2030 (USD Million)
Table 8 Class 1 market, by region 2018-2030 (USD Million, Volume Units)
Table 9 Class 2 market, by region 2018-2030 (USD Million, Volume Units)
Table 10 Class 3 market, by region 2018-2030 (USD Million, Volume Units)
Table 11 Class 4/5 market, by region 2018-2030 (USD Million, Volume Units)
Table 12 ICE market, by region 2018-2030 (USD Million, Volume Units)
Table 13 Electric market, by region 2018-2030 (USD Million, Volume Units)
Table 14 Below 5 Ton market, by region 2018-2030 (USD Million)
Table 15 5-15 Ton market, by region 2018-2030 (USD Million)
Table 16 Above 16 Ton market, by region 2018-2030 (USD Million)
Table 17 Li-ion market, by region 2018-2030 (USD Million)
Table 18 Lead Acid market, by region 2018-2030 (USD Million)
Table 19 Industrial market, by region 2018-2030 (USD Million)
Table 20 Logistics market, by region 2018-2030 (USD Million)
Table 21 Chemical market, by region 2018-2030 (USD Million)
Table 22 Food & Beverage market, by region 2018-2030 (USD Million)
Table 23 Retail & E-commerce market, by region 2018-2030 (USD Million)
Table 24 Others market, by region 2018-2030 (USD Million)
Table 25 North America Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 26 North America Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 27 North America Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 28 North America Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 29 North America Forklift Market , by End Use 2018-2030 (USD Million)
Table 30 U.S. Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 31 U.S. Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 32 U.S. Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 33 U.S. Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 34 U.S. Forklift Market , by End Use 2018-2030 (USD Million)
Table 35 Canada Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 36 Canada Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 37 Canada Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 38 Canada Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 39 Canada Forklift Market , by End Use 2018-2030 (USD Million)
Table 40 Europe Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 41 Europe Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 42 Europe Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 43 Europe Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 44 Europe Forklift Market , by End Use 2018-2030 (USD Million)
Table 45 UK Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 46 UK Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 47 UK Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 48 UK Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 49 UK Forklift Market , by End Use 2018-2030 (USD Million)
Table 50 Germany Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 51 Germany Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 52 Germany Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 53 Germany Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 54 Germany Forklift Market , by End Use 2018-2030 (USD Million)
Table 55 France Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 56 France Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 57 France Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 58 France Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 59 France Forklift Market , by End Use 2018-2030 (USD Million)
Table 60 Italy Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 61 Italy Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 62 Italy Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 63 Italy Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 64 Italy Forklift Market , by End Use 2018-2030 (USD Million)
Table 65 Spain Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 66 Spain Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 67 Spain Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 68 Spain Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 69 Spain Forklift Market , by End Use 2018-2030 (USD Million)
Table 70 Asia Pacific Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 71 Asia Pacific Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 72 Asia Pacific Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 73 Asia Pacific Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 74 Asia Pacific Forklift Market , by End Use 2018-2030 (USD Million)
Table 75 China Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 76 China Forklift Market , by Power Source 2018-2030(USD Million, Volume Units)
Table 77 China Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 78 China Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 79 China Forklift Market , by End Use 2018-2030 (USD Million)
Table 80 India Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 81 India Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 82 India Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 83 India Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 84 India Forklift Market , by End Use 2018-2030 (USD Million)
Table 85 Japan Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 86 Japan Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 87 Japan Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 88 Japan Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 89 Japan Forklift Market , by End Use 2018-2030 (USD Million)
Table 90 Australia Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 91 Australia Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 92 Australia Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 93 Australia Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 94 Australia Forklift Market , by End Use 2018-2030 (USD Million)
Table 95 South Korea Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 96 South Korea Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 97 South Korea Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 98 South Korea Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 99 South Korea Forklift Market , by End Use 2018-2030 (USD Million)
Table 100 Latin America Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 101 Latin America Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 102 Latin America Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 103 Latin America Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 104 Latin America Forklift Market , by End Use 2018-2030 (USD Million)
Table 105 Brazil Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 106 Brazil Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 107 Brazil Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 108 Brazil Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 109 Brazil Forklift Market , by End Use 2018-2030 (USD Million)
Table 110 Mexico Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 111 Mexico Forklift Market , by Power Source 2018-2030 ( USD Million, Volume Units)
Table 112 Mexico Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 113 Mexico Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 114 Mexico Forklift Market , by End Use 2018-2030 (USD Million)
Table 115 Argentina Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 116 Argentina Forklift Market , by Power Source 2018-2030 ( USD Million, Volume Units)
Table 117 Argentina Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 118 Argentina Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 119 Argentina Forklift Market , by End Use 2018-2030 (USD Million)
Table 120 Middle East & Africa Forklift Market , by Class 2018-2030 ( USD Million, Volume Units)
Table 121 Middle East & Africa Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 122 Middle East & Africa Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 123 Middle East & Africa Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 124 Middle East & Africa Forklift Market , by End Use 2018-2030 (USD Million)
Table 125 Kingdom of Saudi Arabia (KSA) Forklift Market , by Class 2018-2030 (USD Million, Volume Units)
Table 126 Kingdom of Saudi Arabia (KSA) Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 127 Kingdom of Saudi Arabia (KSA) Forklift Market , by Load Capacity 2018-2030 (USD Million)
Table 128 Kingdom of Saudi Arabia (KSA) Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 129 Kingdom of Saudi Arabia (KSA) Forklift Market , by End Use 2018-2030 (USD Million)
Table 130 UAE Forklift Market , by Class 2018-2030 ( USD Million, Volume Units)
Table 131 UAE Forklift Market , by Power Source 2018-2030 (USD Million, Volume Units)
Table 132 UAE Market , by Load Capacity 2018-2030 ( USD Million, Volume Units)
Table 133 UAE Forklift Market , by Electric Battery Type 2018-2030 ( USD Million, Volume Units)
Table 134 UAE Forklift Market , by End Use 2018-2030 (USD Million)
Table 135 South Africa Forklift Market , by Class 2018-2030 ( USD Million, Volume Units)
Table 136 South Africa Forklift Market , by Power Source 2018-2030 ( USD Million, Volume Units)
Table 137 South Africa Market , by Load Capacity 2018-2030 (USD Million)
Table 138 South Africa Forklift Market , by Electric Battery Type 2018-2030 (USD Million)
Table 139 South Africa Forklift Market , by End Use 2018-2030 (USD Million)
List of Figures
Figure 1 Forklift Market segmentation
Figure 2 Market research deployment mode
Figure 3 Information procurement
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value chain-based sizing & forecasting
Figure 7 Parent market analysis
Figure 8 Market formulation & validation
Figure 9 Forklift Market snapshot
Figure 10 Forklift Market segment snapshot
Figure 11 Forklift Market competitive landscape snapshot
Figure 12 Market research deployment mode
Figure 13 Market driver relevance analysis (Current & future impact)
Figure 14 Market restraint relevance analysis (Current & future impact)
Figure 15 Forklift Market : Class outlook key takeaways (USD Million, Volume Units)
Figure 16 Forklift Market : Class movement analysis 2024 & 2030 (USD Million, Volume Units)
Figure 17 Class 1 market revenue estimates and forecasts, 2018-2030 (USD Million, Volume Units)
Figure 18 Class 2 market revenue estimates and forecasts, 2018-2030 (USD Million, Volume Units)
Figure 19 Class 3 market revenue estimates and forecasts, 2018-2030 (USD Million, Volume Units)
Figure 20 Class 4/5 market revenue estimates and forecasts, 2018-2030 (USD Million, Volume Units)
Figure 21 Forklift Market : Power Source outlook key takeaways (USD Million, Volume Units)
Figure 22 Forklift Market : Power Source movement analysis 2024 & 2030 (USD Million, Volume Units)
Figure 23 ICE market revenue estimates and forecasts, 2018-2030 (USD Million, Volume Units)
Figure 24 Electric market revenue estimates and forecasts, 2018-2030 (USD Million, Volume Units)
Figure 25 Forklift Market : Load Capacity outlook key takeaways (USD Million)
Figure 26 Forklift Market : Load Capacity movement analysis (USD Million), 2024 & 2030
Figure 27 Below 5 Ton market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 28 5-15 Ton market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 29 Above 16 Ton market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 30 Forklift Market : Battery Type outlook key takeaways (USD Million)
Figure 31 Forklift Market : Battery Type movement analysis (USD Million), 2024 & 2030
Figure 32 Li-ion market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 33 Lead Acid market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 34 Forklift Market : End Use outlook key takeaways (USD Million)
Figure 35 Forklift Market : End Use movement analysis (USD Million), 2024 & 2030
Figure 36 Industrial market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 37 Logistics market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 38 Chemical market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 39 Food & Beverage market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 40 Retail & E-commerce market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 41 Others market revenue estimates and forecasts, 2018-2030 (USD Million)
Figure 42 Regional marketplace: Key takeaways
Figure 43 Forklift Market : Regional outlook, 2024 & 2030 (USD Million)
Figure 44 North America Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 45 U.S. Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 46 Canada Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 47 Mexico Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 48 Europe Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 49 UK Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 50 Germany Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 51 France Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 52 Asia Pacific Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 53 Japan Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 54 China Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 55 India Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 56 Australia Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 57 South Korea Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 58 Latin America Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 59 Brazil Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 60 MEA Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 61 KSA Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 62 UAE Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 63 South Africa Forklift Market estimates and forecasts, 2018-2030 (USD Million)
Figure 64 Strategy framework
Figure 65 Company Categorization

Companies Mentioned

The major companies profiled in this Forklift market report include:
  • Anhui Heli Co., Ltd.
  • Clark Material Handing Company, (Clark Equipment Company)
  • Crown Equipment Corporation
  • Doosan Corporation
  • Hangcha Forklift
  • Hyster-Yale Materials Handling, Inc.(Hyster-Yale Group, Inc.)
  • Jungheinrich AG
  • KION Group AG
  • Komatsu Ltd.
  • Mitsubishi Logisnext Co., Ltd.
  • Toyota Motor Corporation (Toyota Material Handling)

Table Information

Report AttributeDetails
No. of Pages130
PublishedFebruary 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 72.59 Billion
Forecasted Market Value ( USD ) by 2030 $ 154.99 Billion
Compound Annual Growth Rate13.7%
Regions CoveredGlobal
No. of Companies Mentioned12

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