Global Heavy Forklift Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Heavy Forklift market size was valued at US$ 10210 million in 2024 and is forecast to a readjusted size of USD 13030 million by 2031 with a CAGR of 3.2% 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.
Heavy forklifts are industrial-grade lift trucks with high load capacities typically ranging from 10 to 50+ tons, designed for handling large, bulky, or extremely heavy loads. They are used in outdoor and heavy-duty applications such as ports, steel plants, timber yards, and mining operations.
The Heavy Forklift Market plays a vital role in logistics, infrastructure, and heavy manufacturing sectors. While diesel-powered forklifts remain dominant, there is increasing interest in electrified and hybrid models to address environmental concerns. As global trade, steel production, and port activity continue to grow, demand for high-capacity forklifts is expected to rise steadily, especially in emerging economies and industrial hubs. Manufacturers that focus on fuel efficiency, operator safety, and advanced telematics will be well-positioned for long-term success.
Market Trends
Electrification of Heavy-Duty Equipment: Gradual shift to battery-electric or hydrogen fuel cell-powered heavy forklifts. Automation and Telematics: Integration of GPS tracking, load sensors, and fleet management systems. Ergonomics and Operator Safety: Improved cabin comfort, 360° visibility, and real-time monitoring. Hybrid Heavy Forklifts: Early-stage development in hybrid models to balance power and emissions. Customized Lifting Solutions: Growth in demand for tailored configurations for specific industrial applications.
Market Drivers
Growing Port and Maritime Trade: Increased container handling needs due to global trade. Steel and Metals Industry Expansion: Heavy-duty lifting of large metal components. Construction and Infrastructure Development: High-capacity lifting requirements in industrial zones. Need for Durable Equipment in Harsh Environments: Reliable performance under extreme working conditions. Rising Demand from Emerging Markets: Infrastructure projects and industrialization in Asia, Africa, and Latin America.
This report is a detailed and comprehensive analysis for global Heavy Forklift 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 Heavy Forklift market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Heavy Forklift market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Heavy Forklift market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Heavy Forklift market shares of main players, shipments in revenue ($ 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 Heavy Forklift
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 Heavy Forklift 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
Heavy Forklift 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
Electric Forklift
Internal Combustion Forklift
Market segment by Application
Warehouses
Factories
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 Heavy Forklift product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Heavy Forklift, with price, sales quantity, revenue, and global market share of Heavy Forklift from 2020 to 2025.
Chapter 3, the Heavy Forklift competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Heavy Forklift 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 Heavy Forklift 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 Heavy Forklift.
Chapter 14 and 15, to describe Heavy Forklift 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.
Heavy forklifts are industrial-grade lift trucks with high load capacities typically ranging from 10 to 50+ tons, designed for handling large, bulky, or extremely heavy loads. They are used in outdoor and heavy-duty applications such as ports, steel plants, timber yards, and mining operations.
The Heavy Forklift Market plays a vital role in logistics, infrastructure, and heavy manufacturing sectors. While diesel-powered forklifts remain dominant, there is increasing interest in electrified and hybrid models to address environmental concerns. As global trade, steel production, and port activity continue to grow, demand for high-capacity forklifts is expected to rise steadily, especially in emerging economies and industrial hubs. Manufacturers that focus on fuel efficiency, operator safety, and advanced telematics will be well-positioned for long-term success.
Market Trends
Electrification of Heavy-Duty Equipment: Gradual shift to battery-electric or hydrogen fuel cell-powered heavy forklifts. Automation and Telematics: Integration of GPS tracking, load sensors, and fleet management systems. Ergonomics and Operator Safety: Improved cabin comfort, 360° visibility, and real-time monitoring. Hybrid Heavy Forklifts: Early-stage development in hybrid models to balance power and emissions. Customized Lifting Solutions: Growth in demand for tailored configurations for specific industrial applications.
Market Drivers
Growing Port and Maritime Trade: Increased container handling needs due to global trade. Steel and Metals Industry Expansion: Heavy-duty lifting of large metal components. Construction and Infrastructure Development: High-capacity lifting requirements in industrial zones. Need for Durable Equipment in Harsh Environments: Reliable performance under extreme working conditions. Rising Demand from Emerging Markets: Infrastructure projects and industrialization in Asia, Africa, and Latin America.
This report is a detailed and comprehensive analysis for global Heavy Forklift 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 Heavy Forklift market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Heavy Forklift market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Heavy Forklift market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Heavy Forklift market shares of main players, shipments in revenue ($ 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 Heavy Forklift
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 Heavy Forklift 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
Heavy Forklift 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
Electric Forklift
Internal Combustion Forklift
Market segment by Application
Warehouses
Factories
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 Heavy Forklift product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Heavy Forklift, with price, sales quantity, revenue, and global market share of Heavy Forklift from 2020 to 2025.
Chapter 3, the Heavy Forklift competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Heavy Forklift 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 Heavy Forklift 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 Heavy Forklift.
Chapter 14 and 15, to describe Heavy Forklift sales channel, distributors, customers, research findings and conclusion.
Table of Contents
127 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Heavy Forklift 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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