Report cover image

Forklift truck Market

Publisher Coherent Market Insights
Published Jul 23, 2025
Length 150 Pages
SKU # CMI20302744

Description

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

Table of Contents

150 Pages
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
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