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Machinery & Equipment Global Internal Combustion Forklifts Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4627024
    • |
  • 26 September, 2025
    • |
  • Global
    • |
  • 139 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Internal Combustion Forklifts market size was valued at US$ 11450 million in 2024 and is forecast to a readjusted size of USD 13600 million by 2031 with a CAGR of 2.5% 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.
Internal Combustion (IC) Forklifts are industrial trucks powered by combustion engines that run on diesel, gasoline, LPG (liquefied petroleum gas), or CNG (compressed natural gas). These forklifts are primarily used in outdoor and heavy-duty applications due to their high torque, load capacity, and durability.
The Internal Combustion Forklifts Market remains essential for heavy-duty, outdoor, and rugged material handling applications, despite the rising popularity of electric forklifts. While the global trend leans toward electrification and sustainability, IC forklifts will continue to hold ground where power, endurance, and refueling speed are critical. However, long-term demand is expected to gradually decline in regions with tightening emissions regulations and rising electric infrastructure.
Key Market Trends
Slow Shift Toward Electrification: While electric forklifts are gaining share, IC forklifts still dominate in high-load, outdoor applications. Cleaner IC Technologies: OEMs are investing in cleaner-burning engines and Tier 4-compliant diesel engines to meet environmental standards. Hybrid Forklift Development: Some manufacturers are experimenting with dual-fuel or hybrid IC-electric systems. Resilience in Emerging Markets: IC forklifts continue to be favored in regions with poor electric infrastructure. Integration of Telematics: IC forklifts are increasingly equipped with fleet management systems for maintenance and fuel monitoring.
Market Drivers
High-Performance Requirements: IC forklifts remain ideal for heavy-duty tasks that require power and endurance. Quick Refueling Advantage: No downtime for battery charging; ideal for continuous operations. Cost Efficiency in Some Use Cases: Lower upfront cost and simpler mechanics for certain regions/applications. Durability in Harsh Conditions: Ideal for dust, rain, and rough surfaces.
This report is a detailed and comprehensive analysis for global Internal Combustion 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 Internal Combustion Forklifts market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Internal Combustion Forklifts market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Internal Combustion Forklifts market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Internal Combustion Forklifts market shares of main players, shipments in revenue ($ 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 Internal Combustion 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 Internal Combustion 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
Internal Combustion 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
Others
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 Internal Combustion Forklifts product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Internal Combustion Forklifts, with price, sales quantity, revenue, and global market share of Internal Combustion Forklifts from 2020 to 2025.
Chapter 3, the Internal Combustion Forklifts competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Internal Combustion 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 Internal Combustion 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 Internal Combustion Forklifts.
Chapter 14 and 15, to describe Internal Combustion 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 Internal Combustion Forklifts Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Gasoline Type
    • 1.3.3 Diesel Type
    • 1.3.4 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Internal Combustion 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 Internal Combustion Forklifts Market Size & Forecast
    • 1.5.1 Global Internal Combustion Forklifts Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Internal Combustion Forklifts Sales Quantity (2020-2031)
    • 1.5.3 Global Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.1.4 Toyota Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.2.4 Kion Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.3.4 Jungheinrich Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.4.4 Mitsubishi Logisnext Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.5.4 Crown Equipment Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.6.4 Hyster-Yale Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.7.4 Anhui Heli Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.8.4 Hangcha Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.9.4 Clark Material Handling Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.10.4 Doosan Corporation Industrial Vehicle Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.11.4 Komatsu Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.12.4 Lonking Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.13.4 Hyundai Heavy Industries Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.14.4 EP Equipment Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.15.4 Manitou Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.16.4 Paletrans Equipment Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.17.4 Combilift Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.18.4 Hubtex Maschinenbau Internal Combustion 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 Internal Combustion Forklifts Product and Services
    • 2.19.4 Godrej & Boyce Internal Combustion Forklifts Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.19.5 Godrej & Boyce Recent Developments/Updates

3 Competitive Environment: Internal Combustion Forklifts by Manufacturer

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

5 Market Segment by Type

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

6 Market Segment by Application

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

7 North America

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

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