Global Industrial Forklift Truck Market Growth 2025-2031
Description
The global Industrial Forklift Truck market size is predicted to grow from US$ 27160 million in 2025 to US$ 34920 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
An industrial forklift truck is a type of powered industrial vehicle specifically designed for lifting, moving, stacking, and transporting heavy materials within industrial environments such as warehouses and factories. These trucks are equipped with forks or lifting platforms and are available in electric, diesel, LPG, and hybrid configurations.
The Industrial Forklift Truck Market is undergoing a robust transformation, led by the electrification of material handling, technological innovation, and surging global industrial demand. As industries modernize and logistics networks grow more complex, the market is shifting toward smart, energy-efficient, and automated forklifts. Vendors offering comprehensive solutions with connectivity, power flexibility, and safety compliance will be best positioned for long-term success.
Market Trends
Electrification of Industrial Equipment: Shift toward electric and hybrid forklifts to meet emission regulations and reduce operational costs. Automation & Digitalization: Rise of autonomous forklifts, integration of IoT, GPS, and fleet management systems. High-Demand for Heavy-Duty Units: Growth in construction, logistics, and infrastructure projects globally. Safety Innovations: Use of proximity sensors, anti-collision systems, and operator-assist technologies. Flexible Leasing Models: Increased adoption of rental and “forklift-as-a-service” models for cost efficiency.
Market Drivers
Global Expansion of Warehousing and E-Commerce: Boosts demand for indoor and heavy-duty forklifts. Industrial Automation & Smart Factories: Require reliable, connected, and energy-efficient material handling solutions. Urbanization & Infrastructure Growth: Drives demand for rough-terrain and high-capacity forklifts in construction and public projects. Stringent Emissions and Safety Regulations: Promote the adoption of electric and compliant IC forklift models. Technological Advancement in Battery & Telemetry: Makes forklifts more intelligent, sustainable, and cost-effective.
LP Information, Inc. (LPI) ' newest research report, the “Industrial Forklift Truck Industry Forecast” looks at past sales and reviews total world Industrial Forklift Truck sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Forklift Truck sales for 2025 through 2031. With Industrial Forklift Truck sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Forklift Truck industry.
This Insight Report provides a comprehensive analysis of the global Industrial Forklift Truck landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Forklift Truck portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Forklift Truck market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Forklift Truck and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Forklift Truck.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Forklift Truck market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Class 1
Class 2
Class 3
Class 4/5
Segmentation by Application:
Warehouses
Factories
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Forklift Truck market?
What factors are driving Industrial Forklift Truck market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Forklift Truck market opportunities vary by end market size?
How does Industrial Forklift Truck break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
An industrial forklift truck is a type of powered industrial vehicle specifically designed for lifting, moving, stacking, and transporting heavy materials within industrial environments such as warehouses and factories. These trucks are equipped with forks or lifting platforms and are available in electric, diesel, LPG, and hybrid configurations.
The Industrial Forklift Truck Market is undergoing a robust transformation, led by the electrification of material handling, technological innovation, and surging global industrial demand. As industries modernize and logistics networks grow more complex, the market is shifting toward smart, energy-efficient, and automated forklifts. Vendors offering comprehensive solutions with connectivity, power flexibility, and safety compliance will be best positioned for long-term success.
Market Trends
Electrification of Industrial Equipment: Shift toward electric and hybrid forklifts to meet emission regulations and reduce operational costs. Automation & Digitalization: Rise of autonomous forklifts, integration of IoT, GPS, and fleet management systems. High-Demand for Heavy-Duty Units: Growth in construction, logistics, and infrastructure projects globally. Safety Innovations: Use of proximity sensors, anti-collision systems, and operator-assist technologies. Flexible Leasing Models: Increased adoption of rental and “forklift-as-a-service” models for cost efficiency.
Market Drivers
Global Expansion of Warehousing and E-Commerce: Boosts demand for indoor and heavy-duty forklifts. Industrial Automation & Smart Factories: Require reliable, connected, and energy-efficient material handling solutions. Urbanization & Infrastructure Growth: Drives demand for rough-terrain and high-capacity forklifts in construction and public projects. Stringent Emissions and Safety Regulations: Promote the adoption of electric and compliant IC forklift models. Technological Advancement in Battery & Telemetry: Makes forklifts more intelligent, sustainable, and cost-effective.
LP Information, Inc. (LPI) ' newest research report, the “Industrial Forklift Truck Industry Forecast” looks at past sales and reviews total world Industrial Forklift Truck sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Forklift Truck sales for 2025 through 2031. With Industrial Forklift Truck sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Forklift Truck industry.
This Insight Report provides a comprehensive analysis of the global Industrial Forklift Truck landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Forklift Truck portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Forklift Truck market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Forklift Truck and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Forklift Truck.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Forklift Truck market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Class 1
Class 2
Class 3
Class 4/5
Segmentation by Application:
Warehouses
Factories
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Forklift Truck market?
What factors are driving Industrial Forklift Truck market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Forklift Truck market opportunities vary by end market size?
How does Industrial Forklift Truck break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
129 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Industrial Forklift Truck by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Industrial Forklift Truck by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
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