Forklift Market By Class (1, 2, 3, 4/5), Propulsion (Electric, ICE), Battery Type (Li-ion, Lead Acid), Tonnage Capacity, Operation, Application, Tire, Product Type, End Use Industry, Electric Forklift, Lifting Capacity & Region - Global Forecast to 2030

Forklift Market By Class (1, 2, 3, 4/5), Propulsion (Electric, ICE), Battery Type (Li-ion, Lead Acid), Tonnage Capacity, Operation, Application, Tire, Product Type, End Use Industry, Electric Forklift, Lifting Capacity & Region - Global Forecast to 2030

The forklift market is projected to grow from USD 85.2 billion in 2024 to USD 125.4 billion in 2030, at a CAGR of 6.7%. Forklifts are one of the most common intralogistics systems and are seen as efficient in handling materials in various applications. The compact size, heavy weight-carrying capacity, and moving and lifting make forklifts the preferred choice in material handling operations. The Asia Pacific market is expected to grow and dominate the global forklift market over the forecast period. The emergence of artificial intelligence with real-time location monitoring and automated pick & packaging capabilities in forklifts have revolutionized warehouse automation at the highest level, thereby encouraging global warehousing industry giants to increase the deployment of autonomous forklifts for optimized operations.

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

Electric forklifts hold the largest market share at a global level. Since forklifts, which belong to Class 1 to Class 3, are electrically driven, this segment accounts for more than 70% as of 2024. Demand for electric forklifts is increasing to lower emissions and align with emission regulations for industrial vehicles. Electric forklifts also lessen ownership costs and emerge with better ROI than ICE forklifts. The adoption rate of lithium- ion batteries in the market is at present higher than that of lead-acid batteries due to issues relating to disposal and health hazards created by lead-acid batteries. Advanced battery technologies, brings the prices down, hence making it more attractive for manufacturers to switch to cleaner and more efficient forklift trucks. According to BloombergNEF, the average cost of battery packs fell from USD 161 per kWh in 2022 down to USD 139 per kWh in 2023, a drop of 14% in just one year. Most OEMs offer Lithium iron phosphate chemistry due to its better safety profile, cycle life, and thermal stability. Also, the lower cost of LFP makes it economically more viable; hence, LFP finds wide application as battery chemistry. Many global OEMs provide forklifts in different classes with lead-acid and lithium-ion battery options. Thus, with advancements in battery technologies coupled with a reduction in raw material prices and stringent emission laws, demand for lithium-ion forklifts is expected to have heightened demand in the coming years. Thus, longer life span, lower operating costs and quieter operations of electric forklifts over ICE. Forklifts and growing stringency in non-road mobile machinery (NRMM) emission regulation, the demand for electric forklifts is expected to grow over the forecast period.

“Forklift demand in the E-commerce industry is analyzed to grow at the highest CAGR under the review period”

The demand for forklifts in the e-commerce industry is expected to grow fastest during the forecast period. This growth results from changing customer demand and an increasing trend toward online shopping, leading to faster delivery times. These developments in the e-commerce market have made a change in the need for strong warehouse solutions and faster intralogistics, thus increasing forklift usage. Forklifts can improve productivity and work area efficiency compared to manual material handling operations. Additionally, indoor applications of forklifts are growing owing to quick access, better space utilization, efficient pallet load handling, and increasing goods consumption. Indoor forklifts are the most efficient, compact material handling equipment in warehouses with a racking height of 10 meters or lower. The increased internet penetration, the rise of mobile commerce, and the changing online shopping spectrum have demonstrated rapid expansion of the online retail and e-commerce industry, resulting in an escalating demand for forklifts at a global level.

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

By 2030, it is projected that Europe will prove to be the second-biggest consumer of forklifts around the world. This can be attributed to a number of factors, such as stringent workplace safety guidelines, highly expensive rates of labor, and increased costs of real estate and lease arrangements that would necessitate the availability of proper material handling systems and increase the demand for lifters. The rising demand for fast and efficient order fulfillment is leading to an expansion of the distribution network by major companies in the logistics and warehousing industries, including DHL Group, DB Schenker, Kuehne + Nagel, and Maersk will drive the forklift market. Moreover, other contributing factors include increased distribution centers across the United Kingdom, plummeting cost of warehouse automating systems in Germany, and growth trends within the French logistics sector. Europe is leading the warehouse automation and material handling market due to high labor costs, limited space, and strict safety standards. As a result, more autonomous forklifts are installed with Al, machine learning, and better navigation systems. Further, the surging pharma and chemicals industries are likely to continue boosting the forklift market in the European region.

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

By Company Type: Forklift OEMs – 80%, Others – 20%

By Designation: C Level – 60%, Director- level – 30%, Others - 10%

By Region: North America– 25%, Europe – 30%, Asia Pacific – 40%, Rest of the World–5%

Prominent companies include Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), and Crown Equipment Corporation (US), Mitsubishi Logisnext Co. Ltd. (Japan) are the leading manufacturers of forklifts in the global market.

Research Coverage:

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

Reasons to buy this report:

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

The report provides insights on the following pointers:

Analysis of key drivers (Rising GHG emissions, government incentives and policies, overall targets to reduce fleet-level emissions and increasing demand for emission-free vehicles), restraints (safety concerns in EV batteries and high development cost), opportunities (transition towards hydrogen fuel cell electric mobility), and challenges (high cost of developing charging infrastructure) are influencing the growth of the forklift market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the forklift market.

Market Development: Comprehensive information about lucrative markets – the report analyses the forklift market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the forklift market.

Deep dive segments on electric forklift market and their trends. OEM analysis for electric forklifts.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), and Crown Equipment Corporation (US), Mitsubishi Logisnext Co. Ltd. (Japan) among others in the forklift market.

The report also helps stakeholders understand the pulse of the forklift market by providing them with information on key market drivers, restraints, challenges, and opportunities.

Tables List

Table 1 Forklift Market Definition, By Class

Table 2 Process Involved In Refurbishment Of Used Forklifts

Table 3 Average Selling Price Of Manually Operated Material Lifts And Autonomous Forklifts

Table 4 Average Selling Price Of Forklifts, By Region, 2019–2023 (Usd)

Table 5 Average Selling Price Of Linde Forklifts, By Propulsion, 2023

Table 6 Average Selling Price Of Hangcha Forklifts, By Propulsion, 2023

Table 7 Average Selling Price Of Manitou Forklifts, By Propulsion, 2023

Table 8 Average Selling Price Of Clark Forklifts, By Propulsion, 2023

Table 9 Average Cost Of Rental Forklifts In Us

Table 10 Role Of Companies In Forklift Market Ecosystem

Table 11 List Of Patents Granted In Forklift Market, 2020–2024

Table 12 Us: Import Scenario For Hs Code: 8427, By Country, 2019–2023 (Usd)

Table 13 Canada: Import Scenario For Hs Code: 8427, By Country,

2019–2023 (Usd)

Table 14 France: Import Scenario For Hs Code: 8427, By Country,

2019–2023 (Usd)

Table 15 Germany: Import Scenario For Hs Code: 8427, By Country,

2019–2023 (Usd)

Table 16 Uk: Import Scenario For Hs Code: 8427, By Country, 2019–2023 (Usd)

Table 17 China: Export Scenario For Hs Code: 8427, By Country, 2019–2023 (Usd)

Table 18 Germany: Export Scenario For Hs Code: 8427, By Country,

2019–2023 (Usd)

Table 19 Us: Export Scenario For Hs Code: 8427, By Country, 2019–2023 (Usd)

Table 20 Italy: Export Scenario For Hs Code: 8427, By Country, 2019–2023 (Usd)

Table 21 Uk: Export Scenario For Hs Code: 8427, By Country, 2019–2023 (Usd)

Table 22 North America: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 23 Europe: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 24 Asia Pacific: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 25 Forklift Emission Norms

Table 26 Us: Tier 4 Emission Standards

Table 27 Us: Proposed Tier 5 Standards For Off-road Engines

Table 28 European Union: Stage V Emission Standards

Table 29 China: China Iv Emission Standards

Table 30 India: Bs Iv Emission Standards

Table 31 India: Bs V Emission Standards

Table 32 Forklift Market: Key Conferences And Events, 2024–2025

Table 33 Influence Of Stakeholders In Buying Process For Forklifts,

By Operation (%)

Table 34 Key Buying Criteria For Ice And Electric Forklifts

Table 35 List Of Funding By Market Players, 2020–2024

Table 36 Recent Developments Related To Impact Of Ai On Forklift Market

Table 37 Forklift Market, By Propulsion, 2019–2023 (Units)

Table 38 Forklift Market, By Propulsion, 2024–2030 (Units)

Table 39 Forklift Market, By Propulsion, 2019–2023 (Usd Million)

Table 40 Forklift Market, By Propulsion, 2024–2030 (Usd Million)

Table 41 Oems And Their Key Electric Forklift Models

Table 42 Electric Forklift Market, By Region, 2019–2023 (Units)

Table 43 Electric Forklift Market, By Region, 2024–2030 (Units)

Table 44 Electric Forklift Market, By Region, 2019–2023 (Usd Million)

Table 45 Electric Forklift Market, By Region, 2024–2030 (Usd Million)

Table 46 Ice Forklift Market, By Region, 2019–2023 (Units)

Table 47 Ice Forklift Market, By Region, 2024–2030 (Units)

Table 48 Ice Forklift Market, By Region, 2019–2023 (Usd Million)

Table 49 Ice Forklift Market, By Region, 2024–2030 (Usd Million)

Table 50 Forklift Market, By Tonnage Capacity, 2019–2023 (Units)

Table 51 Forklift Market, By Tonnage Capacity, 2024–2030 (Units)

Table 52 Forklift Market, By Tonnage Capacity, 2019–2023 (Usd Million)

Table 53 Forklift Market, By Tonnage Capacity, 2024–2030 (Usd Million)

Table 54 Below 5 Tons: Forklift Market, By Region, 2019–2023 (Units)

Table 55 Below 5 Tons: Forklift Market, By Region, 2024–2030 (Units)

Table 56 Below 5 Tons: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 57 Below 5 Tons: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 58 5–10 Tons: Forklift Market, By Region, 2019–2023 (Units)

Table 59 5–10 Tons: Forklift Market, By Region, 2024–2030 (Units)

Table 60 5–10 Tons: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 61 5–10 Tons: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 62 11–36 Tons: Forklift Market, By Region, 2019–2023 (Units)

Table 63 11–36 Tons: Forklift Market, By Region, 2024–2030 (Units)

Table 64 11–36 Tons: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 65 11–36 Tons: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 66 Above 36 Tons: Forklift Market, By Region, 2019–2023 (Units)

Table 67 Above 36 Tons: Forklift Market, By Region, 2024–2030 (Units)

Table 68 Above 36 Tons: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 69 Above 36 Tons: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 70 Forklift Market, By End-use Industry, 2019–2023 (Units)

Table 71 Forklift Market, By End-use Industry, 2024–2030 (Units)

Table 72 Forklift Market, By End-use Industry, 2019–2023 (Usd Million)

Table 73 Forklift Market, By End-use Industry, 2024–2030 (Usd Million)

Table 74 Third-party Logistics: Forklift Market, By Region, 2019–2023 (Units)

Table 75 Third-party Logistics: Forklift Market, By Region, 2024–2030 (Units)

Table 76 Third-party Logistics: Forklift Market, By Region,

2019–2023 (Usd Million)

Table 77 Third-party Logistics: Forklift Market, By Region,

2024–2030 (Usd Million)

Table 78 Food & Beverage: Forklift Market, By Region, 2019–2023 (Units)

Table 79 Food & Beverage: Forklift Market, By Region, 2024–2030 (Units)

Table 80 Food & Beverage: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 81 Food & Beverage: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 82 Automotive: Forklift Market, By Region, 2019–2023 (Units)

Table 83 Automotive: Forklift Market, By Region, 2024–2030 (Units)

Table 84 Automotive: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 85 Automotive: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 86 E-commerce: Forklift Market, By Region, 2019–2023 (Units)

Table 87 E-commerce: Forklift Market, By Region, 2024–2030 (Units)

Table 88 E-commerce: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 89 E-commerce: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 90 Aviation: Forklift Market, By Region, 2019–2023 (Units)

Table 91 Aviation: Forklift Market, By Region, 2024–2030 (Units)

Table 92 Aviation: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 93 Aviation: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 94 Pulp & Paper: Forklift Market, By Region, 2019–2023 (Units)

Table 95 Pulp & Paper: Forklift Market, By Region, 2024–2030 (Units)

Table 96 Pulp & Paper: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 97 Pulp & Paper: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 98 Chemicals: Forklift Market, By Region, 2019–2023 (Units)

Table 99 Chemicals: Forklift Market, By Region, 2024–2030 (Units)

Table 100 Chemicals: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 101 Chemicals: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 102 Healthcare: Forklift Market, By Region, 2019–2023 (Units)

Table 103 Healthcare: Forklift Market, By Region, 2024–2030 (Units)

Table 104 Healthcare: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 105 Healthcare: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 106 Semiconductors And Electronics: Forklift Market, By Region,

2019–2023 (Units)

Table 107 Semiconductors And Electronics: Forklift Market, By Region,

2024–2030 (Units)

Table 108 Semiconductors And Electronics: Forklift Market, By Region,

2019–2023 (Usd Million)

Table 109 Semiconductors And Electronics: Forklift Market, By Region,

2024–2030 (Usd Million)

Table 110 Metals And Heavy Machinery: Forklift Market, By Region,

2019–2023 (Units)

Table 111 Metals And Heavy Machinery: Forklift Market, By Region,

2024–2030 (Units)

Table 112 Metals And Heavy Machinery: Forklift Market, By Region,

2019–2023 (Usd Million)

Table 113 Metals And Heavy Machinery: Forklift Market, By Region,

2024–2030 (Usd Million)

Table 114 Other End-use Industries: Forklift Market, By Region,

2019–2023 (Units)

Table 115 Other End-use Industries: Forklift Market, By Region,

2024–2030 (Units)

Table 116 Other End-use Industries: Forklift Market, By Region,

2019–2023 (Usd Million)

Table 117 Other End-use Industries: Forklift Market, By Region,

2024–2030 (Usd Million)

Table 118 Forklift Types, By Class

Table 119 Forklift Market, By Class, 2019–2023 (Units)

Table 120 Forklift Market, By Class, 2024–2030 (Units)

Table 121 Class 1 Forklift Market, By Region, 2019–2023 (Units)

Table 122 Class 1 Forklift Market, By Region, 2024–2030 (Units)

Table 123 Class 2 Forklift Market, By Region, 2019–2023 (Units)

Table 124 Class 2 Forklift Market, By Region, 2024–2030 (Units)

Table 125 Class 3 Forklift Market, By Region, 2019–2023 (Units)

Table 126 Class 3 Forklift Market, By Region, 2024–2030 (Units)

Table 127 Class 4/5 Forklift Market, By Region, 2019–2023 (Units)

Table 128 Class 4/5 Forklift Market, By Region, 2024–2030 (Units)

Table 129 Forklift Market, By Operation, 2019–2023 (Units)

Table 130 Forklift Market, By Operation, 2024–2030 (Units)

Table 131 Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 132 Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 133 Manual Forklift Market, By Region, 2019–2023 (Units)

Table 134 Manual Forklift Market, By Region, 2024–2030 (Units)

Table 135 Manual Forklift Market, By Region, 2019–2023 (Usd Million)

Table 136 Manual Forklift Market, By Region, 2024–2030 (Usd Million)

Table 137 Autonomous Forklift Market, By Region, 2019–2023 (Units)

Table 138 Autonomous Forklift Market, By Region, 2024–2030 (Units)

Table 139 Autonomous Forklift Market, By Region, 2019–2023 (Usd Million)

Table 140 Autonomous Forklift Market, By Region, 2024–2030 (Usd Million)

Table 141 Forklift Market, By Application, 2019–2023 (Units)

Table 142 Forklift Market, By Application, 2024–2030 (Units)

Table 143 Forklift Market, By Application, 2019–2023 (Usd Million)

Table 144 Forklift Market, By Application, 2024–2030 (Usd Million)

Table 145 Indoor: Forklift Market, By Region, 2019–2023 (Units)

Table 146 Indoor: Forklift Market, By Region, 2024–2030 (Units)

Table 147 Indoor: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 148 Indoor: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 149 Outdoor: Forklift Market, By Region, 2019–2023 (Units)

Table 150 Outdoor: Forklift Market, By Region, 2024–2030 (Units)

Table 151 Outdoor: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 152 Outdoor: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 153 Indoor And Outdoor: Forklift Market, By Region, 2019–2023 (Units)

Table 154 Indoor And Outdoor: Forklift Market, By Region, 2024–2030 (Units)

Table 155 Indoor And Outdoor: Forklift Market, By Region,

2019–2023 (Usd Million)

Table 156 Indoor And Outdoor: Forklift Market, By Region,

2024–2030 (Usd Million)

Table 157 Forklift Market, By Battery Type, 2019–2023 (Units)

Table 158 Forklift Market, By Battery Type, 2024–2030 (Units)

Table 159 Forklift Market, By Battery Type, 2019–2023 (Usd Million)

Table 160 Forklift Market, By Battery Type, 2024–2030 (Usd Million)

Table 161 Lithium-ion Battery: Forklift Market, By Region, 2019–2023 (Units)

Table 162 Lithium-ion Battery: Forklift Market, By Region, 2024–2030 (Units)

Table 163 Lithium-ion Battery: Forklift Market, By Region,

2019–2023 (Usd Million)

Table 164 Lithium-ion Battery: Forklift Market, By Region,

2024–2030 (Usd Million)

Table 165 Lead-acid Battery: Forklift Market, By Region, 2019–2023 (Units)

Table 166 Lead-acid Battery: Forklift Market, By Region, 2024–2030 (Units)

Table 167 Lead-acid Battery: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 168 Lead-acid Battery: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 169 Fuel Cell: Forklift Market, By Region, 2019–2023 (Units)

Table 170 Fuel Cell: Forklift Market, By Region, 2024–2030 (Units)

Table 171 Fuel Cell: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 172 Fuel Cell: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 173 Electric Forklift Market, By Lifting Capacity, 2019–2023 (Units)

Table 174 Electric Forklift Market, By Lifting Capacity, 2024–2030 (Units)

Table 175 Below 2 Tons: Forklift Market, By Region, 2019–2023 (Units)

Table 176 Below 2 Tons: Forklift Market, By Region, 2024–2030 (Units)

Table 177 2–5 Tons: Forklift Market, By Region, 2019–2023 (Units)

Table 178 2–5 Tons: Forklift Market, By Region, 2024–2030 (Units)

Table 179 Above 5 Tons: Forklift Market, By Region, 2019–2023 (Units)

Table 180 Above 5 Tons: Forklift Market, By Region, 2024–2030 (Units)

Table 181 Forklift Market, By Tire Type, 2019–2023 (Units)

Table 182 Forklift Market, By Tire Type, 2024–2030 (Units)

Table 183 Forklift Market, By Tire Type, 2019–2023 (Usd Million)

Table 184 Forklift Market, By Tire Type, 2024–2030 (Usd Million)

Table 185 Cushion Tire: Forklift Market, By Region, 2019–2023 (Units)

Table 186 Cushion Tire: Forklift Market, By Region, 2024–2030 (Units)

Table 187 Cushion Tire: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 188 Cushion Tire: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 189 Pneumatic Tire: Forklift Market, By Region, 2019–2023 (Units)

Table 190 Pneumatic Tire: Forklift Market, By Region, 2024–2030 (Units)

Table 191 Pneumatic Tire: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 192 Pneumatic Tire: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 193 Forklift Market, By Type, 2019–2023 (Units)

Table 194 Forklift Market, By Type, 2024–2030 (Units)

Table 195 Warehouse: Forklift Market, By Region, 2019–2023 (Units)

Table 196 Warehouse: Forklift Market, By Region, 2024–2030 (Units)

Table 197 Counterbalance: Forklift Market, By Region, 2019–2023 (Units)

Table 198 Counterbalance: Forklift Market, By Region, 2024–2030 (Units)

Table 199 Forklift Market, By Region, 2019–2023 (Units)

Table 200 Forklift Market, By Region, 2024–2030 (Units)

Table 201 Forklift Market, By Region, 2019–2023 (Usd Million)

Table 202 Forklift Market, By Region, 2024–2030 (Usd Million)

Table 203 Asia Pacific: Forklift Market, By Country, 2019–2023 (Units)

Table 204 Asia Pacific: Forklift Market, By Country, 2024–2030 (Units)

Table 205 Asia Pacific: Forklift Market, By Country, 2019–2023 (Usd Million)

Table 206 Asia Pacific: Forklift Market, By Country, 2024–2030 (Usd Million)

Table 207 China: Forklift Market, By Class, 2019–2023 (Units)

Table 208 China: Forklift Market, By Class, 2024–2030 (Units)

Table 209 China: Forklift Market, By Operation, 2019–2023 (Units)

Table 210 China: Forklift Market, By Operation, 2024–2030 (Units)

Table 211 China: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 212 China: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 213 India: Forklift Market, By Class, 2019–2023 (Units)

Table 214 India: Forklift Market, By Class, 2024–2030 (Units)

Table 215 India: Forklift Market, By Operation, 2019–2023 (Units)

Table 216 India: Forklift Market, By Operation, 2024–2030 (Units)

Table 217 India: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 218 India: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 219 Japan: Forklift Market, By Class, 2019–2023 (Units)

Table 220 Japan: Forklift Market, By Class, 2024–2030 (Units)

Table 221 Japan: Forklift Market, By Operation, 2019–2023 (Units)

Table 222 Japan: Forklift Market, By Operation, 2024–2030 (Units)

Table 223 Japan: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 224 Japan: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 225 South Korea: Forklift Market, By Class, 2019–2023 (Units)

Table 226 South Korea: Forklift Market, By Class, 2024–2030 (Units)

Table 227 South Korea: Forklift Market, By Operation, 2019–2023 (Units)

Table 228 South Korea: Forklift Market, By Operation, 2024–2030 (Units)

Table 229 South Korea: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 230 South Korea: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 231 Europe: Forklift Market, By Country, 2019–2023 (Units)

Table 232 Europe: Forklift Market, By Country, 2024–2030 (Units)

Table 233 Europe: Forklift Market, By Country, 2019–2023 (Usd Million)

Table 234 Europe: Forklift Market, By Country, 2024–2030 (Usd Million)

Table 235 Germany: Forklift Market, By Class, 2019–2023 (Units)

Table 236 Germany: Forklift Market, By Class, 2024–2030 (Units)

Table 237 Germany: Forklift Market, By Operation, 2019–2023 (Units)

Table 238 Germany: Forklift Market, By Operation, 2024–2030 (Units)

Table 239 Germany: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 240 Germany: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 241 Uk: Forklift Market, By Class, 2019–2023 (Units)

Table 242 Uk: Forklift Market, By Class, 2024–2030 (Units)

Table 243 Uk: Forklift Market, By Operation, 2019–2023 (Units)

Table 244 Uk: Forklift Market, By Operation, 2024–2030 (Units)

Table 245 Uk: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 246 Uk: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 247 France: Forklift Market, By Class, 2019–2023 (Units)

Table 248 France: Forklift Market, By Class, 2024–2030 (Units)

Table 249 France: Forklift Market, By Operation, 2019–2023 (Units)

Table 250 France: Forklift Market, By Operation, 2024–2030 (Units)

Table 251 France: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 252 France: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 253 Italy: Forklift Market, By Class, 2019–2023 (Units)

Table 254 Italy: Forklift Market, By Class, 2024–2030 (Units)

Table 255 Italy: Forklift Market, By Operation, 2019–2023 (Units)

Table 256 Italy: Forklift Market, By Operation, 2024–2030 (Units)

Table 257 Italy: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 258 Italy: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 259 Spain: Forklift Market, By Class, 2019–2023 (Units)

Table 260 Spain: Forklift Market, By Class, 2024–2030 (Units)

Table 261 Spain: Forklift Market, By Operation, 2019–2023 (Units)

Table 262 Spain: Forklift Market, By Operation, 2024–2030 (Units)

Table 263 Spain: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 264 Spain: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 265 Russia: Forklift Market, By Class, 2019–2023 (Units)

Table 266 Russia: Forklift Market, By Class, 2024–2030 (Units)

Table 267 Russia: Forklift Market, By Operation, 2019–2023 (Units)

Table 268 Russia: Forklift Market, By Operation, 2024–2030 (Units)

Table 269 Russia: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 270 Russia: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 271 Turkey: Forklift Market, By Class, 2019–2023 (Units)

Table 272 Turkey: Forklift Market, By Class, 2024–2030 (Units)

Table 273 Turkey: Forklift Market, By Operation, 2019–2023 (Units)

Table 274 Turkey: Forklift Market, By Operation, 2024–2030 (Units)

Table 275 Turkey: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 276 Turkey: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 277 Eastern Europe: Forklift Market, By Class, 2019–2023 (Units)

Table 278 Eastern Europe: Forklift Market, By Class, 2024–2030 (Units)

Table 279 Eastern Europe: Forklift Market, By Operation, 2019–2023 (Units)

Table 280 Eastern Europe: Forklift Market, By Operation, 2024–2030 (Units)

Table 281 Eastern Europe: Forklift Market, By Operation,

2019–2023 (Usd Million)

Table 282 Eastern Europe: Forklift Market, By Operation,

2024–2030 (Usd Million)

Table 283 Rest Of Europe: Forklift Market, By Class, 2019–2023 (Units)

Table 284 Rest Of Europe: Forklift Market, By Class, 2024–2030 (Units)

Table 285 Rest Of Europe: Forklift Market, By Operation, 2019–2023 (Units)

Table 286 Rest Of Europe: Forklift Market, By Operation, 2024–2030 (Units)

Table 287 Rest Of Europe: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 288 Rest Of Europe: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 289 North America: Forklift Market, By Country, 2019–2023 (Units)

Table 290 North America: Forklift Market, By Country, 2024–2030 (Units)

Table 291 North America: Forklift Market, By Country, 2019–2023 (Usd Million)

Table 292 North America: Forklift Market, By Country, 2024–2030 (Usd Million)

Table 293 Us: Forklift Market, By Class, 2019–2023 (Units)

Table 294 Us: Forklift Market, By Class, 2024–2030 (Units)

Table 295 Us: Forklift Market, By Operation, 2019–2023 (Units)

Table 296 Us: Forklift Market, By Operation, 2024–2030 (Units)

Table 297 Us: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 298 Us: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 299 Mexico: Forklift Market, By Class, 2019–2023 (Units)

Table 300 Mexico: Forklift Market, By Class, 2024–2030 (Units)

Table 301 Mexico: Forklift Market, By Operation, 2019–2023 (Units)

Table 302 Mexico: Forklift Market, By Operation, 2024–2030 (Units)

Table 303 Mexico: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 304 Mexico: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 305 Canada: Forklift Market, By Class, 2019–2023 (Units)

Table 306 Canada: Forklift Market, By Class, 2024–2030 (Units)

Table 307 Canada: Forklift Market, By Operation, 2019–2023 (Units)

Table 308 Canada: Forklift Market, By Operation, 2024–2030 (Units)

Table 309 Canada: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 310 Canada: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 311 Rest Of The World: Forklift Market, By Region, 2019–2023 (Units)

Table 312 Rest Of The World: Forklift Market, By Region, 2024–2030 (Units)

Table 313 Rest Of The World: Forklift Market, By Region, 2019–2023 (Usd Million)

Table 314 Rest Of The World: Forklift Market, By Region, 2024–2030 (Usd Million)

Table 315 Africa: Forklift Market, By Class, 2019–2023 (Units)

Table 316 Africa: Forklift Market, By Class, 2024–2030 (Units)

Table 317 Africa: Forklift Market, By Operation, 2019–2023 (Units)

Table 318 Africa: Forklift Market, By Operation, 2024–2030 (Units)

Table 319 Africa: Forklift Market, By Operation, 2019–2023 (Usd Million)

Table 320 Africa: Forklift Market, By Operation, 2024–2030 (Usd Million)

Table 321 Australia And Oceania: Forklift Market, By Class, 2019–2023 (Units)

Table 322 Australia And Oceania: Forklift Market, By Class, 2024–2030 (Units)

Table 323 Australia And Oceania: Forklift Market, By Operation,

2019–2023 (Units)

Table 324 Australia And Oceania: Forklift Market, By Operation,

2024–2030 (Units)

Table 325 Australia And Oceania: Forklift Market, By Operation,

2019–2023 (Usd Million)

Table 326 Australia And Oceania: Forklift Market, By Operation,

2024–2030 (Usd Million)

Table 327 Companies Adopted Product Development And Expansion As

Key Growth Strategies

Table 328 Forklift Market: Degree Of Competition, 2023

Table 329 Forklift Market: Propulsion Footprint, 2023

Table 330 Forklift Market: Region Footprint, 2023

Table 331 Forklift Market: Operation Footprint, 2023

Table 332 Forklift Market: List Of Key Startups/Smes

Table 333 Forklift Market: Competitive Benchmarking Of Key Startups/Smes

Table 334 Forklift Market: Product Launches, November 2021–march 2024

Table 335 Forklift Market: Deals, July 2021–february 2024

Table 336 Forklift Market: Expansions, July 2021–june 2024

Table 337 Toyota Industries Corporation: Company Overview

Table 338 Toyota Industries Corporation: Products Offered

Table 339 Toyota Industries Corporation: Product Launches/Developments

Table 340 Toyota Industries Corporation: Deals

Table 341 Toyota Industries Corporation: Expansions

Table 342 Toyota Industries Corporation: Other Developments

Table 343 Kion Group Ag: Company Overview

Table 344 Kion Group Ag: Products Offered

Table 345 Kion Group Ag: Product Launches/Developments

Table 346 Kion Group Ag: Deals

Table 347 Kion Group Ag: Expansions

Table 348 Jungheinrich Ag: Company Overview

Table 349 Jungheinrich Ag: Products Offered

Table 350 Jungheinrich Ag: Product Launches

Table 351 Jungheinrich Ag: Deals

Table 352 Jungheinrich Ag: Expansions

Table 353 Jungheinrich Ag: Other Developments

Table 354 Mitsubishi Logisnext Co., Ltd.: Company Overview

Table 355 Mitsubishi Logisnext Co., Ltd.: Products Offered

Table 356 Mitsubishi Logisnext Co., Ltd.: Product Launches

Table 357 Mitsubishi Logisnext Co., Ltd.: Expansions

Table 358 Mitsubishi Logisnext Co., Ltd.: Other Developments

Table 359 Crown Equipment Corporation: Company Overview

Table 360 Crown Equipment Corporation: Products Offered

Table 361 Crown Equipment Corporation: Product Launches/Developments

Table 362 Crown Equipment Corporation: Other Developments

Table 363 Hyster-yale Materials Handling: Company Overview

Table 364 Hyster-yale Materials Handling: Products Offered

Table 365 Hyster-yale Materials Handling: Product Launches/Developments

Table 366 Hyster-yale Materials Handling: Deals

Table 367 Hyster-yale Materials Handling: Other Developments

Table 368 Clark: Company Overview

Table 369 Clark: Products Offered

Table 370 Clark: Product Launches

Table 371 Clark: Deals

Table 372 Clark: Other Developments

Table 373 Hyundai Construction Equipment: Company Overview

Table 374 Hyundai Construction Equipment: Products Offered

Table 375 Hyundai Construction Equipment: Deals

Table 376 Hyundai Construction Equipment: Other Developments

Table 377 Komatsu Ltd.: Company Overview

Table 378 Komatsu Ltd.: Products Offered

Table 379 Komatsu Ltd.: Product Launches

Table 380 Cat Lift Trucks: Company Overview

Table 381 Cat Lift Trucks: Products Offered

Table 382 Cat Lift Trucks: Product Launches

Table 383 Cat Lift Trucks: Other Developments

Table 384 Kalmar: Company Overview

Table 385 Anhui Heli Co., Ltd.: Company Overview

Table 386 Byd Company Ltd.: Company Overview

Table 387 Bobcat Company: Company Overview

Table 388 Godrej Material Handling (Godrej & Boyce Manufacturing Co. Ltd.): Company Overview

Table 389 Ep Equipment: Company Overview

Table 390 Lonking: Company Overview

Table 391 Hangcha Forklift: Company Overview

Table 392 Konecranes: Company Overview

Table 393 Combilift: Company Overview

Table 394 Vallée: Company Overview

Table 395 Flexi Narrow Aisle: Company Overview

Table 396 Manitou: Company Overview

Table 397 Hoist Material Handling: Company Overview

Table 398 Agilox Services Gmbh: Company Overview

Table 399 E80 Group S.P.A.: Company Overview

Table 400 Scott Automation: Company Overview

Table 401 Bastian Solutions: Company Overview

Table 402 Seegrid Corporation: Company Overview

Table 403 Vecna Robotics: Company Overview

Table 404 Agve Ab: Company Overview

Figures List

Figure 1 Forklift Market Segmentation

Figure 2 Forklift Market: Research Design

Figure 3 Research Methodology Model

Figure 4 Breakdown Of Primary Interviews

Figure 5 Research Methodology: Hypothesis Building

Figure 6 Forklift Market Size Estimation, By Class: Bottom-up Approach

Figure 7 Forklift Market Size Estimation, By Application, End-use Industry, Propulsion, And Tonnage: Top-down Approach

Figure 8 Data Triangulation

Figure 9 Factor Analysis For Market Sizing: Demand And Supply Sides

Figure 10 Key Factors Impacting Forklift Market

Figure 11 Report Summary

Figure 12 Forklift Market, By Region, 2024 Vs. 2030 (Usd Million)

Figure 13 Rising Demand For Efficient Material Handling Operations

To Drive Market

Figure 14 Manual Segment To Dominate Market During Forecast Period

Figure 15 Class 3 Forklifts To Have Largest Market Share

During Forecast Period

Figure 16 Electric To Be Dominant Propulsion Segment During Forecast Period

Figure 17 Below 5 Tons Segment To Have Largest Market Share

During Forecast Period

Figure 18 Warehouse Segment To Account For Larger Market Share Than Counterbalance Segment During Forecast Period

Figure 19 Pneumatic Tire Segment To Dominate Market During Forecast Period

Figure 20 Indoor Application To Hold Maximum Market Share

During Forecast Period

Figure 21 E-commerce To Be Largest End-use Industry Of Forklifts

During Forecast Period

Figure 22 Lithium-ion Battery To Dominate Market During Forecast Period

Figure 23 2–5 Tons Lifting Capacity To Dominate Market During Forecast Period

Figure 24 Asia Pacific To Dominate Forklift Market In 2024

Figure 25 Drivers, Restraints, Opportunities, And Challenges In Forklift Market

Figure 26 Global Retail E-commerce Sales, 2018–2022 (Usd Billion)

Figure 27 Us: Retail E-commerce Sales, 2022–2023 (Usd Billion)

Figure 28 China: E-commerce Sales, 2018–2023

Figure 29 Global Warehouse Automation Market, 2016–2025

Figure 30 Warehouse Automation Solutions

Figure 31 Non-road Mobile Machinery Emission Regulation Outlook, 2019–2030

Figure 32 Example Of Modular Configuration Option In Forklifts

Figure 33 Logistics Value Chain Of Products

Figure 34 Us: Fatalities Involving Forklifts In Different Industries, 2023

Figure 35 Us: Percentage Of Fatal And Non-fatal Injuries Involving

Forklifts, 2011–2020

Figure 36 Us: Percentage Of Different Non-fatal Accidents

Involving Forklifts, 2020

Figure 37 Us: Percentage Of Nature Of Injuries Involving Forklifts, 2020

Figure 38 Average Selling Price Trend, By Region, 2019–2023 (Usd)

Figure 39 Trends/Disruptions Impacting Forklift Manufacturers

Figure 40 Total Cost Of Ownership For Forklifts: 5-year Breakdown

Figure 41 Forklift Market: Ecosystem Analysis

Figure 42 Forklift Market Map

Figure 43 Forklift Market: Supply Chain Analysis

Figure 44 Number Of Patents Granted For Forklifts, 2014–2024

Figure 45 Benefits Of Artificial Intelligence For Forklifts In Warehouses

Figure 46 Influence Of Stakeholders In Buying Process For

Forklifts, By Operation

Figure 47 Key Buying Criteria For Ice And Electric Forklifts

Figure 48 Investment Scenario, 2020–2024

Figure 49 Electric Forklift Battery Capacity Vs. Lifting Capacity

Figure 50 Electric Forklift Battery Voltage Vs. Number Of Models

Figure 51 Forklift Market, By Propulsion, 2024 Vs. 2030 (Usd Million)

Figure 52 Forklift Market, By Tonnage Capacity, 2024 Vs. 2030 (Usd Million)

Figure 53 Forklift Market, By End-use Industry, 2024 Vs. 2030 (Usd Million)

Figure 54 Forklift Market, By Class, 2024 Vs. 2030 (Units)

Figure 55 Forklift Market, By Operation, 2024 Vs. 2030 (Usd Million)

Figure 56 Forklift Market, By Application, 2024 Vs. 2030 (Usd Million)

Figure 57 Forklift Market, By Battery Type, 2024 Vs. 2030 (Usd Million)

Figure 58 Electric Forklift Market, By Lifting Capacity, 2024 Vs. 2030 (Units)

Figure 59 Forklift Market, By Tire Type, 2024 Vs. 2030 (Usd Million)

Figure 60 Forklift Market, By Type, 2024 Vs. 2030 (Units)

Figure 61 Forklift Market, By Region, 2024 Vs. 2030 (Usd Million)

Figure 62 Asia Pacific: Real Gdp Growth Rate, By Country, 2023–2025

Figure 63 Asia Pacific: Gdp Per Capita, By Country, 2023–2025

Figure 64 Asia Pacific: Inflation Rate Average Consumer Prices,

By Country, 2023–2025

Figure 65 Asia Pacific: Manufacturing Industry Contribution To Gdp, 2023

Figure 66 Asia Pacific: Forklift Market Snapshot

Figure 67 Europe: Real Gdp Growth Rate, By Country, 2023–2025

Figure 68 Europe: Gdp Per Capita, By Country, 2023–2025

Figure 69 Europe: Inflation Rate Average Consumer Prices,

By Country, 2023–2025

Figure 70 Europe: Manufacturing Industry Contribution To Gdp, 2023

Figure 71 Europe: Forklift Market Snapshot

Figure 72 North America: Real Gdp Growth Rate, By Country, 2023–2025

Figure 73 North America: Gdp Per Capita, By Country, 2023–2025

Figure 74 North America: Cpi Inflation Rate, By Country, 2023–2025

Figure 75 North America: Manufacturing Industry Contribution To Gdp, 2023

Figure 76 North America: Forklift Market Snapshot

Figure 77 Rest Of The World: Real Gdp Annual Percentage Change, 2023–2025

Figure 78 Rest Of The World: Gdp Per Capita, 2023–2025

Figure 79 Rest Of The World: Average Cpi Inflation Rate, 2023–2025

Figure 80 Rest Of The World: Manufacturing Industry Value

(As Part Of Gdp), 2023

Figure 81 Rest Of The World: Forklift Market, 2024 Vs. 2030 (Usd Million)

Figure 82 Forklift Market Share Analysis, 2023

Figure 83 Revenue Analysis Of Top 5 Players, 2021–2023

Figure 84 Company Valuation Of Key Players, 2023 (Usd Billion)

Figure 85 Ev/Ebitda Of Key Players, 2023

Figure 86 Forklift Market: Company Evaluation Matrix (Key Players), 2023

Figure 87 Forklift Market: Company Footprint, 2023

Figure 88 Forklift Market: Company Evaluation Matrix (Startups/Smes), 2023

Figure 89 Toyota Industries Corporation: Company Snapshot

Figure 90 Kion Group Ag: Company Snapshot

Figure 91 Jungheinrich Ag: Company Snapshot

Figure 92 Mitsubishi Logisnext Co., Ltd.: Company Snapshot

Figure 93 Hyster-yale Materials Handling: Company Snapshot

Figure 94 Hyundai Construction Equipment: Company Snapshot

Figure 95 Komatsu Ltd.: Company Snapshot