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Machinery & Equipment Global Forklift Trucks Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4627581
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 132 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Forklift Trucks 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.
Forklift 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 forklift trucks 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. Forklifts 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 forklift 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 Forklift Trucks 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 Forklift Trucks market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2020-2031
Global Forklift Trucks market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2020-2031
Global Forklift Trucks market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2020-2031
Global Forklift Trucks market shares of main players, shipments in revenue ($ Million), sales quantity (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 Forklift Trucks
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 Forklift Trucks 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
Forklift Trucks 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 and 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 Forklift Trucks product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Forklift Trucks, with price, sales quantity, revenue, and global market share of Forklift Trucks from 2020 to 2025.
Chapter 3, the Forklift Trucks competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Forklift Trucks 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 Forklift Trucks 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 Forklift Trucks.
Chapter 14 and 15, to describe Forklift Trucks 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 Forklift Trucks 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 and 5
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Forklift Trucks 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 Forklift Trucks Market Size & Forecast
    • 1.5.1 Global Forklift Trucks Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Forklift Trucks Sales Quantity (2020-2031)
    • 1.5.3 Global Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.1.4 Toyota Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.2.4 Kion Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.3.4 Jungheinrich Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.4.4 Mitsubishi Logisnext Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.5.4 Crown Equipment Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.6.4 Hyster-Yale Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.7.4 Anhui Heli Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.8.4 Hangcha Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.9.4 Clark Material Handling Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.10.4 Doosan Corporation Industrial Vehicle Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.11.4 Komatsu Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.12.4 Lonking Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.13.4 Hyundai Heavy Industries Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.14.4 EP Equipment Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.15.4 Manitou Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.16.4 Paletrans Equipment Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.17.4 Combilift Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.18.4 Hubtex Maschinenbau Forklift Trucks 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 Forklift Trucks Product and Services
    • 2.19.4 Godrej & Boyce Forklift Trucks Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.19.5 Godrej & Boyce Recent Developments/Updates

3 Competitive Environment: Forklift Trucks by Manufacturer

  • 3.1 Global Forklift Trucks Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Forklift Trucks Revenue by Manufacturer (2020-2025)
  • 3.3 Global Forklift Trucks Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Forklift Trucks by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Forklift Trucks Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Forklift Trucks Manufacturer Market Share in 2024
  • 3.5 Forklift Trucks Market: Overall Company Footprint Analysis
    • 3.5.1 Forklift Trucks Market: Region Footprint
    • 3.5.2 Forklift Trucks Market: Company Product Type Footprint
    • 3.5.3 Forklift Trucks 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 Forklift Trucks Market Size by Region
    • 4.1.1 Global Forklift Trucks Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Forklift Trucks Consumption Value by Region (2020-2031)
    • 4.1.3 Global Forklift Trucks Average Price by Region (2020-2031)
  • 4.2 North America Forklift Trucks Consumption Value (2020-2031)
  • 4.3 Europe Forklift Trucks Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Forklift Trucks Consumption Value (2020-2031)
  • 4.5 South America Forklift Trucks Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Forklift Trucks Consumption Value (2020-2031)

5 Market Segment by Type

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

6 Market Segment by Application

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

7 North America

  • 7.1 North America Forklift Trucks Sales Quantity by Type (2020-2031)
  • 7.2 North America Forklift Trucks Sales Quantity by Application (2020-2031)
  • 7.3 North America Forklift Trucks Market Size by Country
    • 7.3.1 North America Forklift Trucks Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Forklift Trucks 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 Forklift Trucks Sales Quantity by Type (2020-2031)
  • 8.2 Europe Forklift Trucks Sales Quantity by Application (2020-2031)
  • 8.3 Europe Forklift Trucks Market Size by Country
    • 8.3.1 Europe Forklift Trucks Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Forklift Trucks 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 Forklift Trucks Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Forklift Trucks Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Forklift Trucks Market Size by Region
    • 9.3.1 Asia-Pacific Forklift Trucks Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Forklift Trucks 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 Forklift Trucks Sales Quantity by Type (2020-2031)
  • 10.2 South America Forklift Trucks Sales Quantity by Application (2020-2031)
  • 10.3 South America Forklift Trucks Market Size by Country
    • 10.3.1 South America Forklift Trucks Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Forklift Trucks 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 Forklift Trucks Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Forklift Trucks Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Forklift Trucks Market Size by Country
    • 11.3.1 Middle East & Africa Forklift Trucks Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Forklift Trucks 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 Forklift Trucks Market Drivers
  • 12.2 Forklift Trucks Market Restraints
  • 12.3 Forklift Trucks 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 Forklift Trucks and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Forklift Trucks
  • 13.3 Forklift Trucks 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 Forklift Trucks Typical Distributors
  • 14.3 Forklift Trucks 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 Forklift Trucks. Industry analysis & Market Report on Forklift Trucks is a syndicated market report, published as Global Forklift Trucks Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Forklift Trucks market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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