Global Storage Forklift Market Growth 2025-2031
Description
The global Storage Forklift market size is predicted to grow from US$ 17810 million in 2025 to US$ 22480 million in 2031; it is expected to grow at a CAGR of 4.0% 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.
A Storage Forklift is a type of material handling equipment designed specifically for indoor use in warehouses, distribution centers, and retail storage facilities. These forklifts are typically electric-powered and are used for lifting, moving, stacking, and organizing pallets and goods within confined spaces and racking systems.
The Storage Forklift Market is expanding rapidly due to the boom in e-commerce, logistics automation, and warehouse densification. With companies prioritizing indoor efficiency, safety, and sustainability, warehouse forklifts—especially electric and narrow aisle models—are seeing widespread adoption. The future of this market lies in smart, connected, and flexible forklift solutions tailored to evolving warehouse operations.
Market Trends
Rise of E-Commerce: Massive warehousing expansion and increased need for efficient, high-speed material handling. Adoption of Lithium-ion Forklifts: Faster charging, longer runtime, and lower maintenance than lead-acid batteries. Automation & Smart Warehousing: Increased deployment of automated forklifts, AGVs (automated guided vehicles), and fleet management systems. Narrow Aisle Solutions: Growing use of reach and turret trucks to optimize storage capacity in high-density warehouses. Forklift Leasing & Fleet Services: Flexible rental and maintenance services for scalability and reduced capex.
Market Drivers
Surging Warehousing Needs: Driven by retail, e-commerce, cold chain, and industrial supply chain demands. Space Optimization: Requirement for forklifts that operate efficiently in narrow aisles and vertical racking. Labor Shortages: Forklifts are increasingly used to reduce manual labor and increase efficiency. Health and Safety Regulations: Need for safer indoor material handling equipment. Sustainability Goals: Push toward electric and zero-emission forklifts in indoor environments.
LP Information, Inc. (LPI) ' newest research report, the “Storage Forklift Industry Forecast” looks at past sales and reviews total world Storage Forklift sales in 2024, providing a comprehensive analysis by region and market sector of projected Storage Forklift sales for 2025 through 2031. With Storage Forklift sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Storage Forklift industry.
This Insight Report provides a comprehensive analysis of the global Storage Forklift 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 Storage Forklift portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Storage Forklift market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Storage Forklift 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 Storage Forklift.
This report presents a comprehensive overview, market shares, and growth opportunities of Storage Forklift 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
Distribution Centers
Others
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 Storage Forklift market?
What factors are driving Storage Forklift market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Storage Forklift market opportunities vary by end market size?
How does Storage Forklift 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.
A Storage Forklift is a type of material handling equipment designed specifically for indoor use in warehouses, distribution centers, and retail storage facilities. These forklifts are typically electric-powered and are used for lifting, moving, stacking, and organizing pallets and goods within confined spaces and racking systems.
The Storage Forklift Market is expanding rapidly due to the boom in e-commerce, logistics automation, and warehouse densification. With companies prioritizing indoor efficiency, safety, and sustainability, warehouse forklifts—especially electric and narrow aisle models—are seeing widespread adoption. The future of this market lies in smart, connected, and flexible forklift solutions tailored to evolving warehouse operations.
Market Trends
Rise of E-Commerce: Massive warehousing expansion and increased need for efficient, high-speed material handling. Adoption of Lithium-ion Forklifts: Faster charging, longer runtime, and lower maintenance than lead-acid batteries. Automation & Smart Warehousing: Increased deployment of automated forklifts, AGVs (automated guided vehicles), and fleet management systems. Narrow Aisle Solutions: Growing use of reach and turret trucks to optimize storage capacity in high-density warehouses. Forklift Leasing & Fleet Services: Flexible rental and maintenance services for scalability and reduced capex.
Market Drivers
Surging Warehousing Needs: Driven by retail, e-commerce, cold chain, and industrial supply chain demands. Space Optimization: Requirement for forklifts that operate efficiently in narrow aisles and vertical racking. Labor Shortages: Forklifts are increasingly used to reduce manual labor and increase efficiency. Health and Safety Regulations: Need for safer indoor material handling equipment. Sustainability Goals: Push toward electric and zero-emission forklifts in indoor environments.
LP Information, Inc. (LPI) ' newest research report, the “Storage Forklift Industry Forecast” looks at past sales and reviews total world Storage Forklift sales in 2024, providing a comprehensive analysis by region and market sector of projected Storage Forklift sales for 2025 through 2031. With Storage Forklift sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Storage Forklift industry.
This Insight Report provides a comprehensive analysis of the global Storage Forklift 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 Storage Forklift portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Storage Forklift market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Storage Forklift 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 Storage Forklift.
This report presents a comprehensive overview, market shares, and growth opportunities of Storage Forklift 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
Distribution Centers
Others
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 Storage Forklift market?
What factors are driving Storage Forklift market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Storage Forklift market opportunities vary by end market size?
How does Storage Forklift break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
140 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 Storage Forklift 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 Storage Forklift by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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