Global Electric Forklift Market Growth 2025-2031

The global Electric Forklift market size is predicted to grow from US$ 23190 million in 2025 to US$ 33320 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.

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.

The major players in global Electric Forklift market include Toyota, Kion, Jungheinrich, etc. The top 3 players occupy about 40% shares of the global market. Europe is the main market, and occupies about 50% of the global market. Electric walk-in warehouse forklift is the main type, with a share about 60%. Warehouses is the main application, which holds a share about 50%.

LP Information, Inc. (LPI) ' newest research report, the “Electric Forklift Industry Forecast” looks at past sales and reviews total world Electric Forklift sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Forklift sales for 2025 through 2031. With Electric Forklift sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Forklift industry.

This Insight Report provides a comprehensive analysis of the global Electric Forklift landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Forklift portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Forklift market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Forklift and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Forklift.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Forklift market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Electric counterbalanced forklift
Electric ride-type warehouse forklift
Electric walk-in warehouse forklift

Segmentation by Application:
Warehouses
Factories
Distribution Centers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Forklift market?

What factors are driving Electric Forklift market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Forklift market opportunities vary by end market size?

How does Electric Forklift break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.