Press release
Forklift Trucks Global and Regional Perspectives Report 2025-2031: Market Size, Share, and Analysis
The global market for Forklift Trucks was valued at US$ 31.62 billion in 2024 and is forecast to a readjusted size of US$ 39.90 billion by 2030 with a CAGR of 3.87% during the forecast period 2025-2030.
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https://www.qyresearch.com/reports/2157947/forklift-trucks
According to the new market research report "Forklift Trucks - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Forklift Trucks market size is projected to reach USD 39.9 billion by 2030, at a CAGR of 3.9% during the forecast period.
Forklift trucks are industrial vehicles designed for lifting, moving, and stacking materials over short distances. They are essential for material handling in sectors like warehousing, manufacturing, logistics, construction, and retail. The global forklift truck market has been growing steadily due to industrial automation, rising e-commerce, and increased focus on operational efficiency.
Market Trends
Electrification: Transition to electric forklifts is accelerating due to stringent emissions regulations and demand for sustainable operations. Automation and Robotics: Growth of automated guided vehicles (AGVs) and autonomous forklifts for material handling. E-Commerce Boom: Increased demand for warehouse automation and forklifts in logistics and distribution centers driven by online shopping.
Market Drivers
Rising E-Commerce and Warehousing Needs: Expansion of e-commerce platforms necessitates efficient material handling solutions in fulfillment centers. Industrialization and Urbanization: Increased infrastructure and manufacturing activities, especially in emerging economies. Technological Advancements: Development of smart forklifts with automation, real-time data, and connectivity features.
Market Challenges
High Initial Investment: Electric and automated forklifts involve a higher upfront cost, limiting adoption for small and medium enterprises. Battery Limitations: Limited operational time and high replacement costs of batteries for electric forklifts. Infrastructure Constraints: Lack of adequate charging infrastructure for electric forklifts in certain regions.
According to QYResearch Top Players Research Center, the global key manufacturers of Forklift Trucks include Toyota, Kion, Jungheinrich, Anhui Heli, Hangcha, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Clark Material Handling, Lonking, etc. In 2023, the global top five players had a share approximately 60.0% in terms of revenue.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Forklift Trucks market is segmented as below:
By Company
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
Segment by Type
Class 1
Class 2
Class 3
Class 4/5
Segment by Application
Warehouses
Factories
Distribution Centers
Others
Each chapter of the report provides detailed information for readers to further understand the Forklift Trucks market:
Chapter 1: Introduces the report scope of the Forklift Trucks report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Forklift Trucks manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Forklift Trucks market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Forklift Trucks in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Forklift Trucks in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Forklift Trucks competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Forklift Trucks comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Forklift Trucks market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
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Global Masted Forklift Trucks Market Research Report 2025
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Global Used IC Forklift Truck Market Research Report 2025
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QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 18 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting (data is widely cited in prospectuses, annual reports and presentations), industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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