Global Hydrogen-powered Forklifts Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Hydrogen-powered Forklifts market size was valued at US$ 545 million in 2024 and is forecast to a readjusted size of USD 895 million by 2031 with a CAGR of 7.4% during review period.

A hydrogen-powered forklift is a type of forklift that uses a hydrogen fuel cell as its power source. The hydrogen fuel cell generates electrical energy through the chemical reaction between hydrogen and oxygen, which in turn drives the motor of the forklift. During this process, hydrogen undergoes an oxidation reaction at the anode, releasing electrons. These electrons travel through an external circuit to the cathode, where they react with oxygen in a reduction reaction to produce water. This type of forklift typically also comes equipped with a hydrogen storage system, a fuel cell stack, a motor, a controller, a battery management system, as well as working devices (such as forks) and counterweights. It combines the advantages of fuel cell technology, featuring zero or near-zero emissions, high energy conversion efficiency, and rapid hydrogen refueling.

This report is a detailed and comprehensive analysis for global Hydrogen-powered 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 Hydrogen-powered Forklifts market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen-powered Forklifts market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen-powered Forklifts market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen-powered Forklifts market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K 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 Hydrogen-powered 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 Hydrogen-powered 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 Bobcat Company (Doosan), Crown Equipment Corporation, Linde Material Handling, Toyota Material Handling, The Raymond Corporation, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., HANGCHA, HELI, JUST POWER, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hydrogen-powered 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

Counterbalanced

Forward-moving

Others

Market segment by Application

Industrial Manufacturing

Warehouse and Logistics

Others

Major players covered

Bobcat Company (Doosan)

Crown Equipment Corporation

Linde Material Handling

Toyota Material Handling

The Raymond Corporation

Jungheinrich AG

Hyster-Yale Materials Handling, Inc.

HANGCHA

HELI

JUST POWER

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 Hydrogen-powered Forklifts product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrogen-powered Forklifts, with price, sales quantity, revenue, and global market share of Hydrogen-powered Forklifts from 2020 to 2025.

Chapter 3, the Hydrogen-powered Forklifts competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrogen-powered 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 Hydrogen-powered 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 Hydrogen-powered Forklifts.

Chapter 14 and 15, to describe Hydrogen-powered Forklifts sales channel, distributors, customers, research findings and conclusion.