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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789380
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789380
Forklift truck Market, By Product, By Class: Class I, By Fuel Type, By Engine Type, By Lifting Capacity, By End-Use Industry, By Region
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PAGES: 150 Pages
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Forklift Truck Market is estimated to be valued at USD 55.18 Bn in 2025 and is expected to reach USD 115.29 Bn by 2032, growing at a compound annual growth rate (CAGR) of 11.1% from 2025 to 2032.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 55.18 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 11.10% | 2032 Value Projection: | USD 115.29 Bn |
Forklift trucks are mainly used for material handling, lifting & stacking of discrete loads throughout facilities such as retail warehouses. These vehicles can be used with a variety of attachments such as clamps, grippers, and platforms to move and handle different types of materials and loads. Expansion of the logistics industry and economic growth in emerging economies have led to increasing logistics volume, which, in turn is boosting growth of the forklift trucks market.
Market Dynamics
Growing e-commerce & warehousing industries is driving growth of the global forklift truck market. According to coherent market insights almost 90% of the warehousing space is controlled by the unorganized players. It has huge growth potential and is slated to become regularized over the next few years.
However, high cost of battery operated and fuel-cell forklifts, coupled with growing environmental concerns regarding the use of IC-engine type forklift trucks are expected to hinder growth of the global forklift truck market over the forecast period.
Key features of the study
- This report provides in-depth analysis of the global forklift truck market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global forklift truck market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Toyota Industries Corporation Group, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Crown Equipment Corporation, Mitsubishi Nichiyu Forklift Co., Ltd., UniCarriers Americas Corporation, Anhui Heli Company Limited, Komatsu Ltd., Clark Material Handling Company, Doosan Industrial Vehicle, Hangcha Group Co. Ltd., JBT Corporation, Combilift Ltd., Godrej & Boyce Mfg. Co. Ltd, Linde Material Handling.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global forklift truck market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Forklift Truck market.
Market Segmentation
- Global Forklift Truck Market, By Product Type
- Warehouse
- Pedestrian
- Rider
- Counterbalance
- Global Forklift Truck Market, By Class
- Class I Electric Motor Rider Trucks
- Class II Electric Motor Narrow Aisle Trucks
- Class III Electric Motor Pedestrian Trucks
- Class IV Internal Combustion Engine Trucks (Solid/Cushion Tires)
- Class V Internal Combustion Engine Trucks (Pneumatic Tires)
- Class VI Electric and Internal Combustion Engine Tractors
- Class VII Rough Terrain Forklift Trucks
- Global Forklift Truck Market, By Fuel Type
- Diesel
- Gasoline & LPG/CNG
- Electric/Hybrid
- Global Forklift Truck Market, By Engine Type
- IC Engine Power
- Electric Power
- Global Forklift Truck Market, By Lifting Capacity
- <5 Ton
- 5 Ton - 10 Ton
- 11 Ton - 36 Ton
- > 36 Ton
- Global Forklift Truck Market, By End-use Industry
- Retail & Wholesale
- Transportation & Logistics
- Automotive & Electrical Engineering
- Food Industry
- Other Industries (Chemical, Timber, and Paper and Print Industry)
- Global Forklift Truck Market, By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Companies Insights
- Toyota Industries Corporation Group
- Kion Group AG
- Jungheinrich AG
- Hyster-Yale Materials Handling, Inc.
- Crown Equipment Corporation
- Mitsubishi Nichiyu Forklift Co., Ltd.
- UniCarriers Americas Corporation
- Anhui Heli Company Limited
- Komatsu Ltd.
- Clark Material Handling Company
- Doosan Industrial Vehicle
- Hangcha Group Co. Ltd.
- JBT Corporation
- Combilift Ltd.
- Godrej & Boyce Mfg. Co. Ltd.
- Linde Material Handling
Product Code: CMI928
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Class
- Market Snapshot, By Fuel Type
- Market Snapshot, By Engine Type
- Market Snapshot, By Lifting Capacity
- Market Snapshot, By End-use Industry
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Type launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Forklift Truck Market, By Product Type, 2020 - 2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Warehouse
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Pedestrian
- Rider
- Counterbalance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
5. Forklift Truck Market, By Class, 2020 - 2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Class I: Electric Motor Rider Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Class II: Electric Motor Narrow Aisle Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Class III: Electric Motor Pedestrian Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Class IV: Internal Combustion Engine Trucks (Solid/Cushion Tires)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Class V: Internal Combustion Engine Trucks (Pneumatic Tires)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Class VI: Electric and Internal Combustion Engine Tractors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Class VII: Rough Terrain Forklift Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
6. Forklift Truck Market, By Fuel Type, 2020 - 2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Diesel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Gasoline & LPG/CNG
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Electric/Hybrid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
7. Forklift Truck Market, By Engine Type, 2020 - 2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021- 2032
- Segment Trends
- IC Engine Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Electric Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
8. Forklift Truck Market, By Lifting Capacity, 2020 - 2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021- 2032
- Segment Trends
- <5 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- 5 Ton - 10 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- 11 Ton - 36 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- > 36 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
9. Forklift Truck Market, By End-use Industry, 2020 - 2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Retail & Wholesale
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Transportation & Logistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Automotive & Electrical Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Food Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
- Other Industries (Chemical, Timber, and Paper and Print Industry)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(USD Bn)
10. Forklift Truck Market, By Region, 2020 - 2032, (USD Bn)
- Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021 -2032
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Class, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Engine Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lifting Capacity, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 - 2032,(USD Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Class, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Engine Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lifting Capacity, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 - 2032,(USD Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Class, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Engine Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lifting Capacity, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 - 2032,(USD Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Class, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Engine Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lifting Capacity, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 - 2032,(USD Bn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Class, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Fuel Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Engine Type, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lifting Capacity, 2020 - 2032,(USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 - 2032,(USD Bn)
11. Competitive Landscape
- Toyota Industries Corporation Group
- Company Highlights
- Product Type Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kion Group AG
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Jungheinrich AG
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Hyster-Yale Materials Handling, Inc.
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Crown Equipment Corporation
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Mitsubishi Nichiyu Forklift Co., Ltd.
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- UniCarriers Americas Corporation
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Anhui Heli Company Limited
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Komatsu Ltd.
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Clark Material Handling Company
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Doosan Industrial Vehicle
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Hangcha Group Co. Ltd.
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- JBT Corporation
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Combilift Ltd.
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Godrej & Boyce Mfg. Co. Ltd.
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Linde Material Handling
- Company Highlights
- Product Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Others
- Analyst Views
12. Section
- Research Methodology
- About us
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