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 (US$ Billion) 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
- 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
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- 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
- Others
- 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. Global Forklift Truck Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Forklift Truck Market , By Product Type, 2020 – 2032, (US$ 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,(US$ Bn)
- Pedestrian
- Rider
- Counterbalance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Bn)
- 6. Global Forklift Truck Market , By Class, 2020 – 2032, (US$ 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,(US$ Billion)
- Class II: Electric Motor Narrow Aisle Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Class III: Electric Motor Pedestrian Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Class IV: Internal Combustion Engine Trucks (Solid/Cushion Tires)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Class V: Internal Combustion Engine Trucks (Pneumatic Tires)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Class VI: Electric and Internal Combustion Engine Tractors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Class VII: Rough Terrain Forklift Trucks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- 7. Global Forklift Truck Market , By Fuel Type, 2020 – 2032, (US$ 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,(US$ Billion)
- Gasoline & LPG/CNG
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Electric/Hybrid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- 8. Global Forklift Truck Market , By Engine Type, 2020 – 2032, (US$ 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,(US$ Billion)
- Electric Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- 9. Global Forklift Truck Market , By Lifting Capacity, 2020 – 2032, (US$ 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,(US$ Billion)
- 5 Ton – 10 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- 11 Ton – 36 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- > 36 Ton
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- 10. Global Forklift Truck Market , By End-use Industry, 2020 – 2032, (US$ 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,(US$ Billion)
- Transportation & Logistics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Automotive & Electrical Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Food Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- Other Industries (Chemical, Timber, and Paper and Print Industry)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 – 2032,(US$ Billion)
- 11. Forklift Truck Market , By Region, 2020 – 2032, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021 –2032
- Country Trends
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- 12. Competitive Landscape
- Toyota Industries Corporation Group
- Company Highlights
- Product Type Portfolio
- Key Developments
- Financial Performance
- Strategies
- 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
- Analyst Views
- 13. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on “Forklift Truck Market” - forecast to 2032
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