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Forklift Global Market Report 2025
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Global Forklift Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : December 2025

Delivery Time : 2-3 Business Days

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Forklift Global Market Report 2025

By Propulsion (Electric, Internal Combustion Engine), By Fuel Type (Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric), By Class (Class 1, Class 2, Class 3, Class 4 Or 5), By Tonnage (Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton), By Application (Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications) – Market Size, Trends, And Global Forecast 2025-2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

What Is Covered Under Forklift Market?

A forklift is a powered industrial truck that lifts and moves materials over short distances. They are designed to handle heavy loads, transport pallets, and perform tasks that would be difficult or dangerous for manual labor alone. Forklifts are critical in modern logistics and industrial operations, contributing to streamlined workflows and effective material management.

The main types of propulsion of forklifts are electric, and internal combustion engines. electric forklifts are powered by rechargeable batteries, which drive electric motors. The various fuel types include gasoline and compressed natural gas (CNG) liquefied petroleum gas (LPG), diesel, and battery-electric with various classes that include class 1, class 2, class 3, and class 4/5. The various tonnages include below 5 tons, 5 tons - 10 tons, 11 tons – 36 tons, and above 36 tons. These are used in various applications such as freight and logistics, wholesale and retail distribution, manufacturing, and others.

Forklift Market Size and growth rate 2025 to 2029: Graph

What Is The Forklift Market Size 2025 And Growth Rate?

The forklift market size has grown rapidly in recent years. It will grow from $63.85 billion in 2024 to $72.11 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to the increasing adoption of electric forklifts, the rising focus on net zero emissions, the rising need for improving energy efficiency, the adoption of lithium battery-powered electric forklifts, and the expansion of the construction industry.

What Is The Forklift Market Growth Forecast?

The forklift market size is expected to see rapid growth in the next few years. It will grow to $115.88 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to the growing e-commerce industry, growing demand for automated and lean warehouses, increasing investments in infrastructure development, challenging terrain and transportation of heavy construction supplies, and expansion of large building projects. Major trends in the forecast period include rapidly growing technological advancements, modular solutions to optimize customer productivity, demand for connected forklift trucks to uplift the industry, product innovations, and integrating automation and robotics.

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How Is The Forklift Market Segmented?

The forkliftmarket covered in this report is segmented –

1) By Propulsion: Electric, Internal Combustion Engine

2) By Fuel Type: Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric

3) By Class: Class 1, Class 2, Class 3, Class 4 Or 5

4) By Tonnage: Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton

5) By Application: Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications

Subsegments:

1) By Electric Forklifts: Lead-Acid Battery, Lithium-Ion Battery, Fuel Cell Electric Forklifts, Swappable Battery Systems

2) By Internal Combustion Engine Forklifts: Propane Forklifts, Diesel Forklifts, Gasoline Forklifts, Dual-Fuel Forklifts

What Is Driving The Forklift Market? The Rise Of E-Commerce Fueling Growth In The Forklift Market

The rising demand for e-commerce is expected to propel the growth of the forklift market going forward. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the Internet. The demand for e-commerce is due to mobile technology, digital marketing, logistics, and supply chain management advances, AI to personalize the buying experience, and buy-now-pay-later services. Forklifts enhance e-commerce operations by improving inventory management, speeding up order fulfillment, and optimizing warehouse layouts while increasing safety and cost efficiency. Their versatility and efficiency are crucial to meeting the high demands and fast-paced nature of the e-commerce industry. For instance, in November 2023, according to the International Trade Administration, a US-based government agency, ecommerce revenues in the UK are anticipated to grow at an annual average rate of 12.6% by 2025. The UK ranks as the third-largest ecommerce market globally, following China and the U.S. As of January 2021, consumer ecommerce represented 36.3% of the total retail market in the UK, with revenues expected to rise to $285.60 billion by 2025. Therefore, the growing demand for e-commerce is driving the growth of the forklift market.

Who Are The Major Players In The Global Forklift Market?

Major companies operating in the forklift market are Caterpillar Inc., Toyota Industries Corporation, Komatsu Ltd., Anhui Heli Co. Ltd., Kion Group AG, TCM Corporation, Noblelift Intelligent Equipment Co. Ltd., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Hyster-Yale Inc., Crown Equipment Corporation, Hangcha Group Co. Ltd, Manitou Group, Doosan Group, Hydrauliska Industri AB, The Raymond Corporation, Action Construction Equipment Ltd., Linde Material Handling Ltd., AUSA, Clark Material Handling Company, Conger Industries Inc.

What Are The Key Trends Of The Global Forklift Market? Major Forklift Companies Embrace Technological Advancements With Autonomous And Remote-Controlled Systems

Major companies operating in the forklift market are focusing on developing innovative technology, such as autonomous and remote-controlled forklift technology, to enhance operational efficiency, reduce labor costs, and improve safety in warehouses and industrial settings. Autonomous and remote-controlled forklift technology refers to advanced systems and innovations in material handling that enable forklifts to operate with minimal or no direct human intervention, enhancing efficiency, safety, and cost-effectiveness. For instance, in February 2024, ArcBest Corporation, a US-based company that provides freight transportation, logistics, and supply chain solutions, launched Vaux Smart Autonomy, a new line of autonomous and remote-controlled forklifts. This innovative system integrates autonomous mobile robots with software that allows human operators to control them remotely. The forklifts can operate in autonomous and manual modes, equipped with sensors and cameras to navigate warehouse environments effectively, loading and stacking pallets and moving other goods.

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What Are Latest Mergers And Acquisitions In The Forklift Market? Oshkosh Corporation Expands Global Reach With Strategic Acquisition Of Ausa Corporation S.L

In May 2024, Oshkosh Corporation, a US-based innovator of purpose-built vehicles and equipment, acquired Ausa Corporation S.L. for an undisclosed amount. This acquisition aligns with Oshkosh's broader growth goals through strategic acquisitions, allowing the company to leverage Ausa's expertise and established market position to strengthen its global footprint and product diversity further. Ausa Corporation S.L. is a Spain-based company that manufactures forklifts.

What Is The Regional Outlook For The Global Forklift Market?

Asia-Pacific was the largest region in the forklift market in 2024. North America is expected to be the fastest-growing region in the market going forward. The regions covered in the forklift market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the forklift market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Forklift Market?

The forklift market consists of sales of pallet trucks, terrain trucks, and side loaders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Forklift Industry?

The forklift market research report is one of a series of new reports from The Business Research Company that provides forklift market statistics, including forklift industry global market size, regional shares, competitors with a forklift market share, detailed forklift market segments, market trends, and opportunities, and any further data you may need to thrive in the forklift industry. This forklift market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Forklift Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $72.11 billion
Revenue Forecast In 2034 $115.88 billion
Growth Rate CAGR of 12.6% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Propulsion: Electric, Internal Combustion Engine
2) By Fuel Type: Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric
3) By Class: Class 1, Class 2, Class 3, Class 4 Or 5
4) By Tonnage: Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton
5) By Application: Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications Subsegments: 1) By Electric Forklifts: Lead-Acid Battery, Lithium-Ion Battery, Fuel Cell Electric Forklifts, Swappable Battery Systems
2) By Internal Combustion Engine Forklifts: Propane Forklifts, Diesel Forklifts, Gasoline Forklifts, Dual-Fuel Forklifts
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Caterpillar Inc., Toyota Industries Corporation, Komatsu Ltd., Anhui Heli Co. Ltd., Kion Group AG, TCM Corporation, Noblelift Intelligent Equipment Co. Ltd., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Hyster-Yale Inc., Crown Equipment Corporation, Hangcha Group Co. Ltd, Manitou Group, Doosan Group, Hydrauliska Industri AB, The Raymond Corporation, Action Construction Equipment Ltd., Linde Material Handling Ltd., AUSA, Clark Material Handling Company, Conger Industries Inc.
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Table Of Contents

1. Executive Summary

2. Forklift Market Characteristics

3. Forklift Market Trends And Strategies

4. Forklift Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

5. Global Forklift Growth Analysis And Strategic Analysis Framework

5.1. Global Forklift PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Forklift Market Growth Rate Analysis

5.4. Global Forklift Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Forklift Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Forklift Total Addressable Market (TAM)

6. Forklift Market Segmentation

6.1. Global Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Electric

Internal Combustion Engine

6.2. Global Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG)

Diesel

Battery-Electric

6.3. Global Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Class 1

Class 2

Class 3

Class 4 Or 5

6.4. Global Forklift Market, Segmentation By Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Below 5 Ton

5 Ton - 10 Ton

11 Ton – 36 Ton

Above 36 Ton

6.5. Global Forklift Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Freight And Logistics

Wholesale And Retail Distribution

Manufacturing

Other Applications

6.6. Global Forklift Market, Sub-Segmentation Of Electric Forklifts, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Lead-Acid Battery

Lithium-Ion Battery

Fuel Cell Electric Forklifts

Swappable Battery Systems

6.7. Global Forklift Market, Sub-Segmentation Of Internal Combustion Engine Forklifts, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Propane Forklifts

Diesel Forklifts

Gasoline Forklifts

Dual-Fuel Forklifts

7. Forklift Market Regional And Country Analysis

7.1. Global Forklift Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Forklift Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Forklift Market

8.1. Asia-Pacific Forklift Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Forklift Market

9.1. China Forklift Market Overview

9.2. China Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Forklift Market

10.1. India Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Forklift Market

11.1. Japan Forklift Market Overview

11.2. Japan Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Forklift Market

12.1. Australia Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Forklift Market

13.1. Indonesia Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Forklift Market

14.1. South Korea Forklift Market Overview

14.2. South Korea Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Forklift Market

15.1. Western Europe Forklift Market Overview

15.2. Western Europe Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Forklift Market

16.1. UK Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Forklift Market

17.1. Germany Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Forklift Market

18.1. France Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Forklift Market

19.1. Italy Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Forklift Market

20.1. Spain Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Forklift Market

21.1. Eastern Europe Forklift Market Overview

21.2. Eastern Europe Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Forklift Market

22.1. Russia Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Forklift Market

23.1. North America Forklift Market Overview

23.2. North America Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Forklift Market

24.1. USA Forklift Market Overview

24.2. USA Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Forklift Market

25.1. Canada Forklift Market Overview

25.2. Canada Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Forklift Market

26.1. South America Forklift Market Overview

26.2. South America Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Forklift Market

27.1. Brazil Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Forklift Market

28.1. Middle East Forklift Market Overview

28.2. Middle East Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Forklift Market

29.1. Africa Forklift Market Overview

29.2. Africa Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Forklift Market Competitive Landscape And Company Profiles

30.1. Forklift Market Competitive Landscape

30.2. Forklift Market Company Profiles

30.2.1. Caterpillar Inc. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Toyota Industries Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Komatsu Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Anhui Heli Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Kion Group AG Overview, Products and Services, Strategy and Financial Analysis

31. Forklift Market Other Major And Innovative Companies

31.1. TCM Corporation

31.2. Noblelift Intelligent Equipment Co. Ltd.

31.3. Jungheinrich AG

31.4. Mitsubishi Logisnext Co. Ltd.

31.5. Hyster-Yale Inc.

31.6. Crown Equipment Corporation

31.7. Hangcha Group Co. Ltd

31.8. Manitou Group

31.9. Doosan Group

31.10. Hydrauliska Industri AB

31.11. The Raymond Corporation

31.12. Action Construction Equipment Ltd.

31.13. Linde Material Handling Ltd.

31.14. AUSA

31.15. Clark Material Handling Company

32. Global Forklift Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Forklift Market

34. Recent Developments In The Forklift Market

35. Forklift Market High Potential Countries, Segments and Strategies

35.1 Forklift Market In 2029 - Countries Offering Most New Opportunities

35.2 Forklift Market In 2029 - Segments Offering Most New Opportunities

35.3 Forklift Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Forklift Market, Segmentation By Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Forklift Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Forklift Market, Sub-Segmentation Of Electric Forklifts, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Forklift Market, Sub-Segmentation Of Internal Combustion Engine Forklifts, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Forklift Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Forklift Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Caterpillar Inc. Financial Performance
  • Table 79: Toyota Industries Corporation Financial Performance
  • Table 80: Komatsu Ltd. Financial Performance
  • Table 81: Anhui Heli Co. Ltd. Financial Performance
  • Table 82: Kion Group AG Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Forklift Market, Segmentation By Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Forklift Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Forklift Market, Sub-Segmentation Of Electric Forklifts, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Forklift Market, Sub-Segmentation Of Internal Combustion Engine Forklifts, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Forklift Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Forklift Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Forklift Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Forklift Market, Segmentation By Fuel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Forklift Market, Segmentation By Class, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Caterpillar Inc. Financial Performance
  • Figure 79: Toyota Industries Corporation Financial Performance
  • Figure 80: Komatsu Ltd. Financial Performance
  • Figure 81: Anhui Heli Co. Ltd. Financial Performance
  • Figure 82: Kion Group AG Financial Performance

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Frequently Asked Questions

A forklift is a powered industrial truck that lifts and moves materials over short distances. They are designed to handle heavy loads, transport pallets, and perform tasks that would be difficult or dangerous for manual labor alone. Forklifts are critical in modern logistics and industrial operations, contributing to streamlined workflows and effective material management. For further insights on the Forklift market, request a sample here

The Forklift market major growth driver - The Rise Of E-Commerce Fueling Growth In The Forklift Market. For further insights on the Forklift market, request a sample here

The Forklift market size has grown strongly in recent years. The forklift market size has grown rapidly in recent years. It will grow from $63.85 $ billion in 2024 to $72.11 $ billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to the increasing adoption of electric forklifts, the rising focus on net zero emissions, the rising need for improving energy efficiency, the adoption of lithium battery-powered electric forklifts, and the expansion of the construction industry. The forklift market size is expected to see rapid growth in the next few years. It will grow to $115.88 $ billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to the growing e-commerce industry, growing demand for automated and lean warehouses, increasing investments in infrastructure development, challenging terrain and transportation of heavy construction supplies, and expansion of large building projects. Major trends in the forecast period include rapidly growing technological advancements, modular solutions to optimize customer productivity, demand for connected forklift trucks to uplift the industry, product innovations, and integrating automation and robotics. For further insights on the Forklift market, request a sample here

The forkliftmarket covered in this report is segmented –
1) By Propulsion: Electric, Internal Combustion Engine
2) By Fuel Type: Gasoline And Compressed Natural Gas (CNG) And liquefied Petroleum Gas (LPG), Diesel, Battery-Electric
3) By Class: Class 1, Class 2, Class 3, Class 4 Or 5
4) By Tonnage: Below 5 Ton, 5 Ton - 10 Ton, 11 Ton – 36 Ton, Above 36 Ton
5) By Application: Freight And Logistics, Wholesale And Retail Distribution, Manufacturing, Other Applications
Subsegments:
1) By Electric Forklifts: Lead-Acid Battery, Lithium-Ion Battery, Fuel Cell Electric Forklifts, Swappable Battery Systems
2) By Internal Combustion Engine Forklifts: Propane Forklifts, Diesel Forklifts, Gasoline Forklifts, Dual-Fuel Forklifts For further insights on the Forklift market, request a sample here

Asia-Pacific was the largest region in the forklift market in 2024. North America is expected to be the fastest-growing region in the market going forward. The regions covered in the forklift market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Forklift market, request a sample here.

Major companies operating in the forklift market are Caterpillar Inc., Toyota Industries Corporation, Komatsu Ltd., Anhui Heli Co. Ltd., Kion Group AG, TCM Corporation, Noblelift Intelligent Equipment Co. Ltd., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Hyster-Yale Inc., Crown Equipment Corporation, Hangcha Group Co. Ltd, Manitou Group, Doosan Group, Hydrauliska Industri AB, The Raymond Corporation, Action Construction Equipment Ltd., Linde Material Handling Ltd., AUSA, Clark Material Handling Company, Conger Industries Inc.. For further insights on the Forklift market, request a sample here.

Major trends in the Forklift market include Major Forklift Companies Embrace Technological Advancements With Autonomous And Remote-Controlled Systems. For further insights on the Forklift market, request a sample here.

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Global Forklift Market Report 2025

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