Global Electric Counterbalance Forklifts Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Electric Counterbalance Forklifts market size was valued at US$ 6646 million in 2024 and is forecast to a readjusted size of USD 9707 million by 2031 with a CAGR of 5.6% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Electric counterbalance forklifts are a type of battery-powered forklift designed with weights at the rear of the truck to counterbalance the load lifted at the front. Unlike reach trucks or stackers, they do not require outriggers or straddle legs, allowing for direct front-facing lifting and maneuvering, making them ideal for both indoor and outdoor material handling applications.
The Electric Counterbalance Forklifts Market is on a strong growth trajectory, driven by the global push for sustainability, automation, and cost efficiency. These forklifts have become the preferred choice in modern logistics and industrial environments due to their clean operation, lower lifecycle costs, and flexible performance in both indoor and light outdoor settings. With rising investments in warehouse automation and green technologies, the market is expected to continue expanding robustly over the next decade.
Key Market Trends
Widespread Adoption of Lithium-ion Technology: Fast charging, longer life cycles, and zero maintenance compared to lead-acid. Increased Demand for Eco-Friendly Operations: Companies shifting toward sustainable and green warehousing practices. Automation Integration: Semi-autonomous and telemetry-enabled electric forklifts for fleet optimization. Compact Design Evolution: New models offer higher load capacity in smaller footprints. Government Incentives and Regulations: Support for electric vehicles in industrial applications through tax credits and grants.
Market Drivers
Stringent Emission Regulations: Favor electric models over diesel and LPG forklifts. Growth of E-commerce and Warehousing: Increased demand for clean, efficient material handling in logistics. Operational Cost Savings: Lower energy and maintenance costs over time. Workplace Safety Requirements: Reduced operator fatigue and improved ergonomics. Technological Innovation: Advancements in battery tech, AC drive motors, and telematics.
This report is a detailed and comprehensive analysis for global Electric Counterbalance Forklifts market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electric Counterbalance Forklifts market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Counterbalance Forklifts market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Counterbalance Forklifts market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Counterbalance Forklifts market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Counterbalance Forklifts
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Counterbalance Forklifts market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha, Clark Material Handling, Doosan Corporation Industrial Vehicle, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electric Counterbalance Forklifts market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Lead-acid Battery
Lithium Battery
Market segment by Application
Warehouses
Factories
Distribution Centers
Others
Major players covered
Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Counterbalance Forklifts product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Counterbalance Forklifts, with price, sales quantity, revenue, and global market share of Electric Counterbalance Forklifts from 2020 to 2025.
Chapter 3, the Electric Counterbalance Forklifts competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Counterbalance Forklifts breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Counterbalance Forklifts market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Counterbalance Forklifts.
Chapter 14 and 15, to describe Electric Counterbalance Forklifts sales channel, distributors, customers, research findings and conclusion.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Electric counterbalance forklifts are a type of battery-powered forklift designed with weights at the rear of the truck to counterbalance the load lifted at the front. Unlike reach trucks or stackers, they do not require outriggers or straddle legs, allowing for direct front-facing lifting and maneuvering, making them ideal for both indoor and outdoor material handling applications.
The Electric Counterbalance Forklifts Market is on a strong growth trajectory, driven by the global push for sustainability, automation, and cost efficiency. These forklifts have become the preferred choice in modern logistics and industrial environments due to their clean operation, lower lifecycle costs, and flexible performance in both indoor and light outdoor settings. With rising investments in warehouse automation and green technologies, the market is expected to continue expanding robustly over the next decade.
Key Market Trends
Widespread Adoption of Lithium-ion Technology: Fast charging, longer life cycles, and zero maintenance compared to lead-acid. Increased Demand for Eco-Friendly Operations: Companies shifting toward sustainable and green warehousing practices. Automation Integration: Semi-autonomous and telemetry-enabled electric forklifts for fleet optimization. Compact Design Evolution: New models offer higher load capacity in smaller footprints. Government Incentives and Regulations: Support for electric vehicles in industrial applications through tax credits and grants.
Market Drivers
Stringent Emission Regulations: Favor electric models over diesel and LPG forklifts. Growth of E-commerce and Warehousing: Increased demand for clean, efficient material handling in logistics. Operational Cost Savings: Lower energy and maintenance costs over time. Workplace Safety Requirements: Reduced operator fatigue and improved ergonomics. Technological Innovation: Advancements in battery tech, AC drive motors, and telematics.
This report is a detailed and comprehensive analysis for global Electric Counterbalance Forklifts market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electric Counterbalance Forklifts market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Counterbalance Forklifts market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Counterbalance Forklifts market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Electric Counterbalance Forklifts market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Counterbalance Forklifts
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Counterbalance Forklifts market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli, Hangcha, Clark Material Handling, Doosan Corporation Industrial Vehicle, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electric Counterbalance Forklifts market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Lead-acid Battery
Lithium Battery
Market segment by Application
Warehouses
Factories
Distribution Centers
Others
Major players covered
Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Counterbalance Forklifts product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Counterbalance Forklifts, with price, sales quantity, revenue, and global market share of Electric Counterbalance Forklifts from 2020 to 2025.
Chapter 3, the Electric Counterbalance Forklifts competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Counterbalance Forklifts breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Counterbalance Forklifts market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Counterbalance Forklifts.
Chapter 14 and 15, to describe Electric Counterbalance Forklifts sales channel, distributors, customers, research findings and conclusion.
Table of Contents
140 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Electric Counterbalance Forklifts by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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