U.S. Forklift & Conveyor Manufacturing Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025

Description

The U.S. forklift and conveyor manufacturing market is on a strong growth trajectory, with its value expected to grow from USD 21 billion in 2024 to USD 44.8 billion by 2032, representing a robust compound annual growth rate (CAGR) of 10.1%. This surge is largely driven by the rapid modernization of logistics, warehousing, and distribution infrastructure across various sectors including retail, manufacturing, chemicals, and food & beverages.

Technological innovations such as robotic forklifts, automated guided vehicles (AGVs), and smart conveyor systems are revolutionizing warehouse operations, making them more automated, accurate, and efficient. Additionally, the integration of Internet of Things (IoT) technologies is enabling real-time monitoring and predictive maintenance, significantly enhancing operational productivity while minimizing human error and downtime.

Key Insights

The market serves a wide array of industries, offering solutions for manufacturing, retail and e-commerce, food and beverage, construction, pharmaceuticals, healthcare, and agriculture.

A major trend is the automation of material handling processes through the deployment of robotic forklifts and AGVs, which help reduce labor costs and improve order accuracy.

Electric forklifts are rapidly gaining traction due to their longer battery life, faster charging capabilities, and ease of operation, making them highly suitable for everyday warehouse use.

The push for electrification is also driven by health and safety considerations, especially in indoor environments where emissions from diesel-powered equipment can be hazardous.

Safety remains a key focus, with advanced features being incorporated into equipment to mitigate risks of workplace accidents and injuries.

The Midwest leads the market in terms of share, while the Western U.S. is emerging as the fastest-growing region, supported by growing industrial activities and increased investment in warehouse automation.

The industry is highly fragmented, with numerous companies providing specialized solutions tailored to specific operational needs and industrial applications.

IoT-enabled forklifts and conveyors are enabling predictive analytics, real-time asset tracking, and enhanced workflow efficiency in warehouses and distribution centers.

The demand for seamless, error-free order fulfillment is accelerating the adoption of smart conveyor systems capable of rapid and precise product handling.

Companies are investing heavily in modernizing their logistics infrastructure, opening up new opportunities for manufacturers to deliver advanced material handling solutions.

Sustainability goals are prompting manufacturers to develop energy-efficient equipment that meets environmental regulations and supports green operational practices.

Workforce development initiatives are focusing on upskilling employees to safely and effectively operate next-generation material handling equipment.

Strategic partnerships between machinery manufacturers and tech firms are fostering innovation, resulting in integrated, high-performance logistics solutions.

The growth of e-commerce is reshaping material handling needs, placing greater emphasis on speed, accuracy, and adaptability within distribution networks.

Government-backed initiatives to promote industrial automation and support infrastructure upgrades are providing a strong boost to market growth.

Continued R&D is focused on improving equipment performance, reliability, and safety, ensuring alignment with the dynamic requirements of modern logistics and industrial environments.

Product Code: 13483

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Product Type
- 1.4.2. Market Size Breakdown, by Power Source
- 1.4.3. Market Size Breakdown, by Load Capacity
- 1.4.4. Market Size Breakdown, by Automation Level
- 1.4.5. Market Size Breakdown, by End-Use
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Economic and Regulatory Impact
5.8. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. U.S. Market

7.1. Overview
7.2. Market Revenue, by Product Type (2019-2032)
7.3. Market Revenue, by Power Source (2019-2032)
7.4. Market Revenue, by Load Capacity (2019-2032)
7.5. Market Revenue, by Automation Level (2019-2032)
7.6. Market Revenue, by End-Use (2019-2032)
7.7. Market Revenue, by Country (2019-2032)

Chapter 8. Northeast Market

8.1. Overview
8.2. Economic Indicators
8.3. Demographics and Population Insights
8.4. Regional Hotspots
8.5. Growth Drivers
8.6. Challenges and Barriers
8.7. Competitive Strategies
8.8. Emerging Players
8.9. Import/Export Policies
8.10. Compliance Requirements
8.11. Emerging Investment Areas
8.12. Major Ongoing Projects
8.13. Market Size and Forecast
- 8.13.1. Market Revenue, by Product Type (2019-2032)
- 8.13.2. Market Revenue, by Power Source (2019-2032)
- 8.13.3. Market Revenue, by Load Capacity (2019-2032)
- 8.13.4. Market Revenue, by Automation Level (2019-2032)
- 8.13.5. Market Revenue, by End-Use (2019-2032)

Chapter 9. Midwest Market

9.1. Overview
9.2. Economic Indicators
9.3. Demographics and Population Insights
9.4. Regional Hotspots
9.5. Growth Drivers
9.6. Challenges and Barriers
9.7. Competitive Strategies
9.8. Emerging Players
9.9. Import/Export Policies
9.10. Compliance Requirements
9.11. Emerging Investment Areas
9.12. Major Ongoing Projects
9.13. Market Size and Forecast
- 9.13.1. Market Revenue, by Product Type (2019-2032)
- 9.13.2. Market Revenue, by Power Source (2019-2032)
- 9.13.3. Market Revenue, by Load Capacity (2019-2032)
- 9.13.4. Market Revenue, by Automation Level (2019-2032)
- 9.13.5. Market Revenue, by End-Use (2019-2032)

Chapter 10. West Market

10.1. Overview
10.2. Economic Indicators
10.3. Demographics and Population Insights
10.4. Regional Hotspots
10.5. Growth Drivers
10.6. Challenges and Barriers
10.7. Competitive Strategies
10.8. Emerging Players
10.9. Import/Export Policies
10.10. Compliance Requirements
10.11. Emerging Investment Areas
10.12. Major Ongoing Projects
10.13. Market Size and Forecast
- 10.13.1. Market Revenue, by Product Type (2019-2032)
- 10.13.2. Market Revenue, by Power Source (2019-2032)
- 10.13.3. Market Revenue, by Load Capacity (2019-2032)
- 10.13.4. Market Revenue, by Automation Level (2019-2032)
- 10.13.5. Market Revenue, by End-Use (2019-2032)

Chapter 11. South Market

11.1. Overview
11.2. Economic Indicators
11.3. Demographics and Population Insights
11.4. Regional Hotspots
11.5. Growth Drivers
11.6. Challenges and Barriers
11.7. Competitive Strategies
11.8. Emerging Players
11.9. Import/Export Policies
11.10. Compliance Requirements
11.11. Emerging Investment Areas
11.12. Major Ongoing Projects
11.13. Market Size and Forecast
- 11.13.1. Market Revenue, by Product Type (2019-2032)
- 11.13.2. Market Revenue, by Power Source (2019-2032)
- 11.13.3. Market Revenue, by Load Capacity (2019-2032)
- 11.13.4. Market Revenue, by Automation Level (2019-2032)
- 11.13.5. Market Revenue, by End-Use (2019-2032)

Chapter 12. Company Profiles

Chapter 13. Appendix

13.1. Sources and References
13.2. Related Reports

U.S. Forklift & Conveyor Manufacturing Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)