According to our (Global Info Research) latest study, the global Pure Electric Forklift market size was valued at US$ 21100 million in 2024 and is forecast to a readjusted size of USD 30500 million by 2031 with a CAGR of 5.4% 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.
A pure electric forklift is a battery-powered industrial truck that operates entirely on electric energy, without the use of any internal combustion engine or hybrid drive. These forklifts use lead-acid or lithium-ion batteries and are increasingly adopted for indoor and outdoor material handling applications due to their zero emissions, low noise, and reduced maintenance requirements.
The Pure Electric Forklift Market is entering a high-growth phase as sustainability, cost-efficiency, and automation converge. With advancements in battery technology, charging infrastructure, and smart fleet systems, pure electric forklifts are replacing traditional IC forklifts across warehousing, logistics, and light manufacturing. The future of the forklift industry is increasingly fully electric, data-connected, and emissions-free.
Market Trends
Complete Transition to Electric Fleets: Companies phasing out diesel/LPG forklifts in favor of pure electric fleets. Growth in Lithium-Ion Adoption: Especially in high-volume and multi-shift operations due to minimal charging downtime. Integration with Smart Warehouse Systems: Forklifts equipped with IoT, fleet management software, and real-time diagnostics. Outdoor Capabilities: New rugged electric forklifts with sealed components and enhanced performance suitable for outdoor use. Fleet Electrification Incentives: Governments and logistics companies are investing heavily in electrifying forklift fleets for sustainability targets.
Market Drivers
Strict Emission Regulations: Bans or restrictions on fossil-fuel forklifts in many indoor environments. Lower TCO & Maintenance Costs: Electric forklifts reduce fuel costs and require less servicing. Sustainability & ESG Goals: Corporate carbon neutrality initiatives accelerating electric adoption. Technological Advancements: Improvements in battery capacity, charging infrastructure, and power electronics. Health & Safety Compliance: No tailpipe emissions or fuel handling hazards, better for indoor air quality.
This report is a detailed and comprehensive analysis for global Pure Electric Forklift 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 Pure Electric Forklift market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Pure Electric Forklift market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Pure Electric Forklift market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Pure Electric Forklift market shares of main players, shipments in revenue ($ 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 Pure Electric Forklift
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 Pure Electric Forklift 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
Pure Electric Forklift 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
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 Pure Electric Forklift product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Pure Electric Forklift, with price, sales quantity, revenue, and global market share of Pure Electric Forklift from 2020 to 2025.
Chapter 3, the Pure Electric Forklift competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Pure Electric Forklift 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 Pure Electric Forklift 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 Pure Electric Forklift.
Chapter 14 and 15, to describe Pure Electric Forklift sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Pure Electric Forklift. Industry analysis & Market Report on Pure Electric Forklift is a syndicated market report, published as Global Pure Electric Forklift Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Pure Electric Forklift market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.