Global Electric Forklift Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Electric Forklift Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations.
Compared with internal combustion forklifts, electric forklifts have advantages such as less pollution, easier to operate and higher energy efficiency. Along with the development of economy and the enhancement of environmental protection consciousness, the industry of electric forklift has experienced a rapid growth.
According to APO Research, The global Electric Forklift market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.
North American market for Electric Forklift is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Asia-Pacific market for Electric Forklift is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Europe market for Electric Forklift is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The major global manufacturers of Electric Forklift include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha and Doosan Corporation Industrial Vehicle, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Electric Forklift, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Forklift.
The Electric Forklift market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Forklift market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Hyster-Yale
Crown Equipment
Anhui Heli
Hangcha
Doosan Corporation Industrial Vehicle
Clark Material Handling
Komatsu
Hyundai Heavy Industries
Combilift
Lonking
EP Equipment
Hubtex Maschinenbau
Paletrans Equipment
Godrej & Boyce
Electric Forklift segment by Type

Electric counterbalanced forklift
Electric ride-type warehouse forklift
Electric walk-in warehouse forklift
Electric Forklift segment by Application

Warehouses
Factories
Distribution Centers
Others
Electric Forklift Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Forklift market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Electric Forklift and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Electric Forklift.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Forklift manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electric Forklift in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Electric Forklift Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Electric Forklift Sales Estimates and Forecasts (2019-2030)
1.3 Electric Forklift Market by Type
1.3.1 Electric counterbalanced forklift
1.3.2 Electric ride-type warehouse forklift
1.3.3 Electric walk-in warehouse forklift
1.4 Global Electric Forklift Market Size by Type
1.4.1 Global Electric Forklift Market Size Overview by Type (2019-2030)
1.4.2 Global Electric Forklift Historic Market Size Review by Type (2019-2024)
1.4.3 Global Electric Forklift Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Electric Forklift Sales Breakdown by Type (2019-2024)
1.5.2 Europe Electric Forklift Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Electric Forklift Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Electric Forklift Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Electric Forklift Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Electric Forklift Industry Trends
2.2 Electric Forklift Industry Drivers
2.3 Electric Forklift Industry Opportunities and Challenges
2.4 Electric Forklift Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Electric Forklift Revenue (2019-2024)
3.2 Global Top Players by Electric Forklift Sales (2019-2024)
3.3 Global Top Players by Electric Forklift Price (2019-2024)
3.4 Global Electric Forklift Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Electric Forklift Key Company Manufacturing Sites & Headquarters
3.6 Global Electric Forklift Company, Product Type & Application
3.7 Global Electric Forklift Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Electric Forklift Market CR5 and HHI
3.8.2 Global Top 5 and 10 Electric Forklift Players Market Share by Revenue in 2023
3.8.3 2023 Electric Forklift Tier 1, Tier 2, and Tier 3
4 Electric Forklift Regional Status and Outlook
4.1 Global Electric Forklift Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Forklift Historic Market Size by Region
4.2.1 Global Electric Forklift Sales in Volume by Region (2019-2024)
4.2.2 Global Electric Forklift Sales in Value by Region (2019-2024)
4.2.3 Global Electric Forklift Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Electric Forklift Forecasted Market Size by Region
4.3.1 Global Electric Forklift Sales in Volume by Region (2025-2030)
4.3.2 Global Electric Forklift Sales in Value by Region (2025-2030)
4.3.3 Global Electric Forklift Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Electric Forklift by Application
5.1 Electric Forklift Market by Application
5.1.1 Warehouses
5.1.2 Factories
5.1.3 Distribution Centers
5.1.4 Others
5.2 Global Electric Forklift Market Size by Application
5.2.1 Global Electric Forklift Market Size Overview by Application (2019-2030)
5.2.2 Global Electric Forklift Historic Market Size Review by Application (2019-2024)
5.2.3 Global Electric Forklift Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Electric Forklift Sales Breakdown by Application (2019-2024)
5.3.2 Europe Electric Forklift Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Electric Forklift Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Electric Forklift Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Electric Forklift Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Toyota
6.1.1 Toyota Comapny Information
6.1.2 Toyota Business Overview
6.1.3 Toyota Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Toyota Electric Forklift Product Portfolio
6.1.5 Toyota Recent Developments
6.2 Kion
6.2.1 Kion Comapny Information
6.2.2 Kion Business Overview
6.2.3 Kion Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Kion Electric Forklift Product Portfolio
6.2.5 Kion Recent Developments
6.3 Jungheinrich
6.3.1 Jungheinrich Comapny Information
6.3.2 Jungheinrich Business Overview
6.3.3 Jungheinrich Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Jungheinrich Electric Forklift Product Portfolio
6.3.5 Jungheinrich Recent Developments
6.4 Mitsubishi Logisnext
6.4.1 Mitsubishi Logisnext Comapny Information
6.4.2 Mitsubishi Logisnext Business Overview
6.4.3 Mitsubishi Logisnext Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Mitsubishi Logisnext Electric Forklift Product Portfolio
6.4.5 Mitsubishi Logisnext Recent Developments
6.5 Hyster-Yale
6.5.1 Hyster-Yale Comapny Information
6.5.2 Hyster-Yale Business Overview
6.5.3 Hyster-Yale Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Hyster-Yale Electric Forklift Product Portfolio
6.5.5 Hyster-Yale Recent Developments
6.6 Crown Equipment
6.6.1 Crown Equipment Comapny Information
6.6.2 Crown Equipment Business Overview
6.6.3 Crown Equipment Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Crown Equipment Electric Forklift Product Portfolio
6.6.5 Crown Equipment Recent Developments
6.7 Anhui Heli
6.7.1 Anhui Heli Comapny Information
6.7.2 Anhui Heli Business Overview
6.7.3 Anhui Heli Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Anhui Heli Electric Forklift Product Portfolio
6.7.5 Anhui Heli Recent Developments
6.8 Hangcha
6.8.1 Hangcha Comapny Information
6.8.2 Hangcha Business Overview
6.8.3 Hangcha Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Hangcha Electric Forklift Product Portfolio
6.8.5 Hangcha Recent Developments
6.9 Doosan Corporation Industrial Vehicle
6.9.1 Doosan Corporation Industrial Vehicle Comapny Information
6.9.2 Doosan Corporation Industrial Vehicle Business Overview
6.9.3 Doosan Corporation Industrial Vehicle Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Doosan Corporation Industrial Vehicle Electric Forklift Product Portfolio
6.9.5 Doosan Corporation Industrial Vehicle Recent Developments
6.10 Clark Material Handling
6.10.1 Clark Material Handling Comapny Information
6.10.2 Clark Material Handling Business Overview
6.10.3 Clark Material Handling Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Clark Material Handling Electric Forklift Product Portfolio
6.10.5 Clark Material Handling Recent Developments
6.11 Komatsu
6.11.1 Komatsu Comapny Information
6.11.2 Komatsu Business Overview
6.11.3 Komatsu Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Komatsu Electric Forklift Product Portfolio
6.11.5 Komatsu Recent Developments
6.12 Hyundai Heavy Industries
6.12.1 Hyundai Heavy Industries Comapny Information
6.12.2 Hyundai Heavy Industries Business Overview
6.12.3 Hyundai Heavy Industries Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Hyundai Heavy Industries Electric Forklift Product Portfolio
6.12.5 Hyundai Heavy Industries Recent Developments
6.13 Combilift
6.13.1 Combilift Comapny Information
6.13.2 Combilift Business Overview
6.13.3 Combilift Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Combilift Electric Forklift Product Portfolio
6.13.5 Combilift Recent Developments
6.14 Lonking
6.14.1 Lonking Comapny Information
6.14.2 Lonking Business Overview
6.14.3 Lonking Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Lonking Electric Forklift Product Portfolio
6.14.5 Lonking Recent Developments
6.15 EP Equipment
6.15.1 EP Equipment Comapny Information
6.15.2 EP Equipment Business Overview
6.15.3 EP Equipment Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.15.4 EP Equipment Electric Forklift Product Portfolio
6.15.5 EP Equipment Recent Developments
6.16 Hubtex Maschinenbau
6.16.1 Hubtex Maschinenbau Comapny Information
6.16.2 Hubtex Maschinenbau Business Overview
6.16.3 Hubtex Maschinenbau Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Hubtex Maschinenbau Electric Forklift Product Portfolio
6.16.5 Hubtex Maschinenbau Recent Developments
6.17 Paletrans Equipment
6.17.1 Paletrans Equipment Comapny Information
6.17.2 Paletrans Equipment Business Overview
6.17.3 Paletrans Equipment Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Paletrans Equipment Electric Forklift Product Portfolio
6.17.5 Paletrans Equipment Recent Developments
6.18 Godrej & Boyce
6.18.1 Godrej & Boyce Comapny Information
6.18.2 Godrej & Boyce Business Overview
6.18.3 Godrej & Boyce Electric Forklift Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Godrej & Boyce Electric Forklift Product Portfolio
6.18.5 Godrej & Boyce Recent Developments
7 North America by Country
7.1 North America Electric Forklift Sales by Country
7.1.1 North America Electric Forklift Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Electric Forklift Sales by Country (2019-2024)
7.1.3 North America Electric Forklift Sales Forecast by Country (2025-2030)
7.2 North America Electric Forklift Market Size by Country
7.2.1 North America Electric Forklift Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Electric Forklift Market Size by Country (2019-2024)
7.2.3 North America Electric Forklift Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Electric Forklift Sales by Country
8.1.1 Europe Electric Forklift Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Electric Forklift Sales by Country (2019-2024)
8.1.3 Europe Electric Forklift Sales Forecast by Country (2025-2030)
8.2 Europe Electric Forklift Market Size by Country
8.2.1 Europe Electric Forklift Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Electric Forklift Market Size by Country (2019-2024)
8.2.3 Europe Electric Forklift Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Electric Forklift Sales by Country
9.1.1 Asia-Pacific Electric Forklift Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Electric Forklift Sales by Country (2019-2024)
9.1.3 Asia-Pacific Electric Forklift Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Electric Forklift Market Size by Country
9.2.1 Asia-Pacific Electric Forklift Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Electric Forklift Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Electric Forklift Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Electric Forklift Sales by Country
10.1.1 Latin America Electric Forklift Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Electric Forklift Sales by Country (2019-2024)
10.1.3 Latin America Electric Forklift Sales Forecast by Country (2025-2030)
10.2 Latin America Electric Forklift Market Size by Country
10.2.1 Latin America Electric Forklift Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Electric Forklift Market Size by Country (2019-2024)
10.2.3 Latin America Electric Forklift Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Electric Forklift Sales by Country
11.1.1 Middle East and Africa Electric Forklift Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Electric Forklift Sales by Country (2019-2024)
11.1.3 Middle East and Africa Electric Forklift Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Electric Forklift Market Size by Country
11.2.1 Middle East and Africa Electric Forklift Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Electric Forklift Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Electric Forklift Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Electric Forklift Value Chain Analysis
12.1.1 Electric Forklift Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Electric Forklift Production Mode & Process
12.2 Electric Forklift Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Electric Forklift Distributors
12.2.3 Electric Forklift Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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