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

  • RnM4626909
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 142 Pages
    • |
  • GIR
    • |
  • Automobile & Transportation

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

3 Competitive Environment: Forklifts by Manufacturer

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

5 Market Segment by Type

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

6 Market Segment by Application

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

7 North America

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

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