According to our (Global Info Research) latest study, the global Diesel Forklift market size was valued at US$ 9149 million in 2024 and is forecast to a readjusted size of USD 11190 million by 2031 with a CAGR of 3.0% 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.
Diesel forklifts are a type of internal combustion forklift powered by diesel fuel, known for their high power output, durability, and ability to operate in harsh environments. They are typically used for heavy-duty outdoor applications where long operating hours and lifting of large or bulky materials are required.
The Diesel Forklift Market continues to play a critical role in outdoor, heavy-duty applications, especially in construction, ports, and heavy industry. However, global decarbonization efforts and indoor emissions regulations are contributing to a gradual decline in diesel forklift adoption, particularly in developed regions. Despite this, diesel models will remain essential in demanding use cases and infrastructure-limited environments, sustaining a stable but shrinking market presence in the long term.
Key Market Trends
Declining Use in Urban and Indoor Settings due to emissions regulations and environmental policies. Continued Preference in Heavy Industry and Developing Countries, where infrastructure and cost are key concerns. Tier IV and Stage V Engine Compliance: Diesel forklifts now come with advanced emission control systems to meet global standards. Shift Toward Hybrid or Dual-Fuel Models in some regions. High Demand in Rental Markets for construction and seasonal outdoor work.
Market Drivers
Heavy Load and Outdoor Needs: Diesel forklifts remain unmatched for applications that require power and endurance. Infrastructure Independence: No reliance on electricity, making them ideal in remote or underdeveloped regions. Low Operating Cost in Certain Scenarios: Despite fuel costs, diesel engines have high durability and longer service intervals. Economic Growth in Construction and Logistics: Emerging markets continue to drive diesel forklift demand.
This report is a detailed and comprehensive analysis for global Diesel 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 Diesel Forklift market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Diesel Forklift market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Diesel Forklift market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Diesel Forklift market shares of main players, shipments in revenue ($ 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 Diesel 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 Diesel 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
Diesel 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
Class 4
Class 5
Market segment by Application
Warehouses
Factories
Distribution Centers
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 Diesel Forklift product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Diesel Forklift, with price, sales quantity, revenue, and global market share of Diesel Forklift from 2020 to 2025.
Chapter 3, the Diesel Forklift competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Diesel 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 Diesel 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 Diesel Forklift.
Chapter 14 and 15, to describe Diesel Forklift sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Diesel Forklift. Industry analysis & Market Report on Diesel Forklift is a syndicated market report, published as Global Diesel Forklift Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Diesel Forklift market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.