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

  • RnM4627090
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 134 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Industrial Forklift Truck market size was valued at US$ 27410 million in 2024 and is forecast to a readjusted size of USD 36200 million by 2031 with a CAGR of 4.0% 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.
An industrial forklift truck is a type of powered industrial vehicle specifically designed for lifting, moving, stacking, and transporting heavy materials within industrial environments such as warehouses and factories. These trucks are equipped with forks or lifting platforms and are available in electric, diesel, LPG, and hybrid configurations.
The Industrial Forklift Truck Market is undergoing a robust transformation, led by the electrification of material handling, technological innovation, and surging global industrial demand. As industries modernize and logistics networks grow more complex, the market is shifting toward smart, energy-efficient, and automated forklifts. Vendors offering comprehensive solutions with connectivity, power flexibility, and safety compliance will be best positioned for long-term success.
Market Trends
Electrification of Industrial Equipment: Shift toward electric and hybrid forklifts to meet emission regulations and reduce operational costs. Automation & Digitalization: Rise of autonomous forklifts, integration of IoT, GPS, and fleet management systems. High-Demand for Heavy-Duty Units: Growth in construction, logistics, and infrastructure projects globally. Safety Innovations: Use of proximity sensors, anti-collision systems, and operator-assist technologies. Flexible Leasing Models: Increased adoption of rental and “forklift-as-a-service” models for cost efficiency.
Market Drivers
Global Expansion of Warehousing and E-Commerce: Boosts demand for indoor and heavy-duty forklifts. Industrial Automation & Smart Factories: Require reliable, connected, and energy-efficient material handling solutions. Urbanization & Infrastructure Growth: Drives demand for rough-terrain and high-capacity forklifts in construction and public projects. Stringent Emissions and Safety Regulations: Promote the adoption of electric and compliant IC forklift models. Technological Advancement in Battery & Telemetry: Makes forklifts more intelligent, sustainable, and cost-effective.
This report is a detailed and comprehensive analysis for global Industrial Forklift 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 Industrial Forklift Truck market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Industrial Forklift Truck market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Industrial Forklift Truck market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Industrial Forklift Truck market shares of main players, shipments in revenue ($ 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 Industrial Forklift 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 Industrial Forklift 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
Industrial Forklift 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
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 Industrial Forklift Truck product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Industrial Forklift Truck, with price, sales quantity, revenue, and global market share of Industrial Forklift Truck from 2020 to 2025.
Chapter 3, the Industrial Forklift Truck competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Industrial Forklift 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 Industrial Forklift 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 Industrial Forklift Truck.
Chapter 14 and 15, to describe Industrial Forklift 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 Industrial Forklift 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 Industrial Forklift Truck Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Warehouses
    • 1.4.3 Factories
  • 1.5 Global Industrial Forklift Truck Market Size & Forecast
    • 1.5.1 Global Industrial Forklift Truck Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Industrial Forklift Truck Sales Quantity (2020-2031)
    • 1.5.3 Global Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.1.4 Toyota Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.2.4 Kion Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.3.4 Jungheinrich Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.4.4 Mitsubishi Logisnext Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.5.4 Crown Equipment Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.6.4 Hyster-Yale Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.7.4 Anhui Heli Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.8.4 Hangcha Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.9.4 Clark Material Handling Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.10.4 Doosan Corporation Industrial Vehicle Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.11.4 Komatsu Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.12.4 Lonking Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.13.4 Hyundai Heavy Industries Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.14.4 EP Equipment Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.15.4 Manitou Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.16.4 Paletrans Equipment Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.17.4 Combilift Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.18.4 Hubtex Maschinenbau Industrial Forklift 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 Industrial Forklift Truck Product and Services
    • 2.19.4 Godrej & Boyce Industrial Forklift Truck Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.19.5 Godrej & Boyce Recent Developments/Updates

3 Competitive Environment: Industrial Forklift Truck by Manufacturer

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

5 Market Segment by Type

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

6 Market Segment by Application

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

7 North America

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

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