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Automobile & Transportation Global Fork Truck Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4627012
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 131 Pages
    • |
  • GIR
    • |
  • Automobile & Transportation

According to our (Global Info Research) latest study, the global Fork Truck market size was valued at US$ 32540 million in 2024 and is forecast to a readjusted size of USD 42420 million by 2031 with a CAGR of 3.8% 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.
Fork Trucks are industrial-powered vehicles designed to lift, move, and stack materials across short distances. Commonly used in logistics, warehousing, manufacturing, and construction, these machines improve material handling efficiency and workplace productivity.
The Fork Truck market is undergoing a major transformation driven by electrification, automation, and smart logistics. Strong demand from e-commerce, warehousing, and infrastructure sectors is boosting growth globally. Fork Trucks are evolving from traditional manual machines into connected, intelligent, and eco-friendly systems, positioning the market for sustained long-term expansion. Companies investing in electric and autonomous fork truck solutions are likely to lead the future of material handling.
Key Trends
Electrification: Shift from internal combustion engines to electric-powered forklifts due to environmental concerns and operational efficiency. Automation & Smart Warehousing: Adoption of autonomous forklifts and AGVs (automated guided vehicles) in Industry 4.0 and smart factory environments. Battery Technology Advances: Increased use of lithium-ion batteries for faster charging and longer life. Integration of Telematics: Use of IoT and telematics for predictive maintenance, fleet optimization, and safety monitoring. Rise in E-commerce: Accelerated demand for warehouse automation and forklift fleets due to the global e-commerce boom.
Market Drivers
Growth in Global Warehousing & Logistics: Expansion of 3PL, retail distribution, and cold chain logistics. Construction & Infrastructure Development: High demand for forklifts at construction and industrial sites, especially in emerging economies. Environmental Regulations: Government push for cleaner, electric material handling equipment. Labor Shortage & Safety: Increasing need for mechanized lifting solutions due to labor shortages and safety standards. Urbanization & Smart City Initiatives: Demand for compact, agile forklifts suitable for urban warehousing and intralogistics.
This report is a detailed and comprehensive analysis for global Fork Truck 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 Fork Truck market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Fork Truck market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Fork Truck market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Fork Truck market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/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 Fork Truck
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 Fork Truck 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
Fork Truck 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 1
Class 2
Class 3
Class 4/5
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 Fork Truck product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Fork Truck, with price, sales quantity, revenue, and global market share of Fork Truck from 2020 to 2025.
Chapter 3, the Fork Truck competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Fork Truck 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 Fork Truck 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 Fork Truck.
Chapter 14 and 15, to describe Fork Truck sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Fork Truck Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Class 1
    • 1.3.3 Class 2
    • 1.3.4 Class 3
    • 1.3.5 Class 4/5
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Fork Truck Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Warehouses
    • 1.4.3 Factories
    • 1.4.4 Distribution Centers
    • 1.4.5 Others
  • 1.5 Global Fork Truck Market Size & Forecast
    • 1.5.1 Global Fork Truck Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Fork Truck Sales Quantity (2020-2031)
    • 1.5.3 Global Fork Truck Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Toyota
    • 2.1.1 Toyota Details
    • 2.1.2 Toyota Major Business
    • 2.1.3 Toyota Fork Truck Product and Services
    • 2.1.4 Toyota Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Toyota Recent Developments/Updates
  • 2.2 Kion
    • 2.2.1 Kion Details
    • 2.2.2 Kion Major Business
    • 2.2.3 Kion Fork Truck Product and Services
    • 2.2.4 Kion Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Kion Recent Developments/Updates
  • 2.3 Jungheinrich
    • 2.3.1 Jungheinrich Details
    • 2.3.2 Jungheinrich Major Business
    • 2.3.3 Jungheinrich Fork Truck Product and Services
    • 2.3.4 Jungheinrich Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Jungheinrich Recent Developments/Updates
  • 2.4 Mitsubishi Logisnext
    • 2.4.1 Mitsubishi Logisnext Details
    • 2.4.2 Mitsubishi Logisnext Major Business
    • 2.4.3 Mitsubishi Logisnext Fork Truck Product and Services
    • 2.4.4 Mitsubishi Logisnext Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Mitsubishi Logisnext Recent Developments/Updates
  • 2.5 Crown Equipment
    • 2.5.1 Crown Equipment Details
    • 2.5.2 Crown Equipment Major Business
    • 2.5.3 Crown Equipment Fork Truck Product and Services
    • 2.5.4 Crown Equipment Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Crown Equipment Recent Developments/Updates
  • 2.6 Hyster-Yale
    • 2.6.1 Hyster-Yale Details
    • 2.6.2 Hyster-Yale Major Business
    • 2.6.3 Hyster-Yale Fork Truck Product and Services
    • 2.6.4 Hyster-Yale Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Hyster-Yale Recent Developments/Updates
  • 2.7 Anhui Heli
    • 2.7.1 Anhui Heli Details
    • 2.7.2 Anhui Heli Major Business
    • 2.7.3 Anhui Heli Fork Truck Product and Services
    • 2.7.4 Anhui Heli Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Anhui Heli Recent Developments/Updates
  • 2.8 Hangcha
    • 2.8.1 Hangcha Details
    • 2.8.2 Hangcha Major Business
    • 2.8.3 Hangcha Fork Truck Product and Services
    • 2.8.4 Hangcha Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Hangcha Recent Developments/Updates
  • 2.9 Clark Material Handling
    • 2.9.1 Clark Material Handling Details
    • 2.9.2 Clark Material Handling Major Business
    • 2.9.3 Clark Material Handling Fork Truck Product and Services
    • 2.9.4 Clark Material Handling Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Clark Material Handling Recent Developments/Updates
  • 2.10 Doosan Corporation Industrial Vehicle
    • 2.10.1 Doosan Corporation Industrial Vehicle Details
    • 2.10.2 Doosan Corporation Industrial Vehicle Major Business
    • 2.10.3 Doosan Corporation Industrial Vehicle Fork Truck Product and Services
    • 2.10.4 Doosan Corporation Industrial Vehicle Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Doosan Corporation Industrial Vehicle Recent Developments/Updates
  • 2.11 Komatsu
    • 2.11.1 Komatsu Details
    • 2.11.2 Komatsu Major Business
    • 2.11.3 Komatsu Fork Truck Product and Services
    • 2.11.4 Komatsu Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Komatsu Recent Developments/Updates
  • 2.12 Lonking
    • 2.12.1 Lonking Details
    • 2.12.2 Lonking Major Business
    • 2.12.3 Lonking Fork Truck Product and Services
    • 2.12.4 Lonking Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Lonking Recent Developments/Updates
  • 2.13 Hyundai Heavy Industries
    • 2.13.1 Hyundai Heavy Industries Details
    • 2.13.2 Hyundai Heavy Industries Major Business
    • 2.13.3 Hyundai Heavy Industries Fork Truck Product and Services
    • 2.13.4 Hyundai Heavy Industries Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Hyundai Heavy Industries Recent Developments/Updates
  • 2.14 EP Equipment
    • 2.14.1 EP Equipment Details
    • 2.14.2 EP Equipment Major Business
    • 2.14.3 EP Equipment Fork Truck Product and Services
    • 2.14.4 EP Equipment Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 EP Equipment Recent Developments/Updates
  • 2.15 Manitou
    • 2.15.1 Manitou Details
    • 2.15.2 Manitou Major Business
    • 2.15.3 Manitou Fork Truck Product and Services
    • 2.15.4 Manitou Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Manitou Recent Developments/Updates
  • 2.16 Paletrans Equipment
    • 2.16.1 Paletrans Equipment Details
    • 2.16.2 Paletrans Equipment Major Business
    • 2.16.3 Paletrans Equipment Fork Truck Product and Services
    • 2.16.4 Paletrans Equipment Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 Paletrans Equipment Recent Developments/Updates
  • 2.17 Combilift
    • 2.17.1 Combilift Details
    • 2.17.2 Combilift Major Business
    • 2.17.3 Combilift Fork Truck Product and Services
    • 2.17.4 Combilift Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 Combilift Recent Developments/Updates
  • 2.18 Hubtex Maschinenbau
    • 2.18.1 Hubtex Maschinenbau Details
    • 2.18.2 Hubtex Maschinenbau Major Business
    • 2.18.3 Hubtex Maschinenbau Fork Truck Product and Services
    • 2.18.4 Hubtex Maschinenbau Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.18.5 Hubtex Maschinenbau Recent Developments/Updates
  • 2.19 Godrej & Boyce
    • 2.19.1 Godrej & Boyce Details
    • 2.19.2 Godrej & Boyce Major Business
    • 2.19.3 Godrej & Boyce Fork Truck Product and Services
    • 2.19.4 Godrej & Boyce Fork Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.19.5 Godrej & Boyce Recent Developments/Updates

3 Competitive Environment: Fork Truck by Manufacturer

  • 3.1 Global Fork Truck Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Fork Truck Revenue by Manufacturer (2020-2025)
  • 3.3 Global Fork Truck Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Fork Truck by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Fork Truck Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Fork Truck Manufacturer Market Share in 2024
  • 3.5 Fork Truck Market: Overall Company Footprint Analysis
    • 3.5.1 Fork Truck Market: Region Footprint
    • 3.5.2 Fork Truck Market: Company Product Type Footprint
    • 3.5.3 Fork Truck Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Fork Truck Market Size by Region
    • 4.1.1 Global Fork Truck Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Fork Truck Consumption Value by Region (2020-2031)
    • 4.1.3 Global Fork Truck Average Price by Region (2020-2031)
  • 4.2 North America Fork Truck Consumption Value (2020-2031)
  • 4.3 Europe Fork Truck Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Fork Truck Consumption Value (2020-2031)
  • 4.5 South America Fork Truck Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Fork Truck Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Fork Truck Sales Quantity by Type (2020-2031)
  • 5.2 Global Fork Truck Consumption Value by Type (2020-2031)
  • 5.3 Global Fork Truck Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Fork Truck Sales Quantity by Application (2020-2031)
  • 6.2 Global Fork Truck Consumption Value by Application (2020-2031)
  • 6.3 Global Fork Truck Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Fork Truck Sales Quantity by Type (2020-2031)
  • 7.2 North America Fork Truck Sales Quantity by Application (2020-2031)
  • 7.3 North America Fork Truck Market Size by Country
    • 7.3.1 North America Fork Truck Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Fork Truck Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Fork Truck Sales Quantity by Type (2020-2031)
  • 8.2 Europe Fork Truck Sales Quantity by Application (2020-2031)
  • 8.3 Europe Fork Truck Market Size by Country
    • 8.3.1 Europe Fork Truck Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Fork Truck Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Fork Truck Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Fork Truck Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Fork Truck Market Size by Region
    • 9.3.1 Asia-Pacific Fork Truck Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Fork Truck Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Fork Truck Sales Quantity by Type (2020-2031)
  • 10.2 South America Fork Truck Sales Quantity by Application (2020-2031)
  • 10.3 South America Fork Truck Market Size by Country
    • 10.3.1 South America Fork Truck Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Fork Truck Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Fork Truck Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Fork Truck Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Fork Truck Market Size by Country
    • 11.3.1 Middle East & Africa Fork Truck Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Fork Truck Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Fork Truck Market Drivers
  • 12.2 Fork Truck Market Restraints
  • 12.3 Fork Truck Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Fork Truck and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Fork Truck
  • 13.3 Fork Truck Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Fork Truck Typical Distributors
  • 14.3 Fork Truck Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Fork Truck. Industry analysis & Market Report on Fork Truck is a syndicated market report, published as Global Fork Truck Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Fork Truck market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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