According to our (Global Info Research) latest study, the global IC Cushion Forklifts market size was valued at US$ 10850 million in 2024 and is forecast to a readjusted size of USD 14190 million by 2031 with a CAGR of 3.4% 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.
IC Cushion Forklifts are internal combustion engine-powered forklifts equipped with solid rubber (cushion) tires, designed specifically for smooth, indoor surfaces such as concrete. These forklifts typically run on gasoline, and are commonly used in warehouses, manufacturing plants, and indoor distribution centers where tight turning radii and compact profiles are needed.
The IC Cushion Forklifts Market continues to serve niche indoor applications requiring high power, compact design, and quick refueling. However, environmental regulations and the rising affordability of electric cushion forklifts are gradually reducing its share in advanced markets. Demand is expected to remain resilient in developing regions and rental markets, but overall growth is limited as the industry moves toward full electrification for indoor material handling.
Key Market Trends
Slow Transition to Electric Cushion Forklifts: Many businesses are shifting to electric models due to emissions concerns. Growth in Emerging Markets: IC cushion forklifts remain popular in areas with limited charging infrastructure. Improved Engine Emissions Technology: Tier 4 and EPA/CARB-compliant propane engines helping prolong market life in regulated markets. Compact LPG Forklifts for rental and small warehouse operations are seeing moderate demand. Rental Demand: High demand in seasonal industries where short-term power and agility are needed indoors.
Market Drivers
Durability for Heavy Indoor Loads: Cushion forklifts are better suited for lifting heavier loads indoors than many electric counterparts. Lower Initial Costs: Less expensive than lithium-ion or advanced electric cushion forklifts. Infrastructure Compatibility: No reliance on charging stations; refueling is fast and flexible. Operator Familiarity: Long-established use in industrial operations.
This report is a detailed and comprehensive analysis for global IC Cushion 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 IC Cushion Forklifts market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global IC Cushion Forklifts market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global IC Cushion Forklifts market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global IC Cushion Forklifts market shares of main players, shipments in revenue ($ 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 IC Cushion 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 IC Cushion 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
IC Cushion 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
Gasoline Type
Diesel Type
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 IC Cushion Forklifts product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of IC Cushion Forklifts, with price, sales quantity, revenue, and global market share of IC Cushion Forklifts from 2020 to 2025.
Chapter 3, the IC Cushion Forklifts competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the IC Cushion 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 IC Cushion 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 IC Cushion Forklifts.
Chapter 14 and 15, to describe IC Cushion Forklifts sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on IC Cushion Forklifts. Industry analysis & Market Report on IC Cushion Forklifts is a syndicated market report, published as Global IC Cushion Forklifts Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of IC Cushion Forklifts market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.