Forklift Market Size, Share, and Trends 2025 to 2034

Forklift Market (By Class: Class 1, Class 2, Class 3, Class 4/5; By Power Source: ICE, Electric; By Load Capacity: Below 5 Ton, 5-15 Ton, Above 16 Ton; By Electric Battery Type: Li-ion, Lead Acid; By End Use: Industrial, Logistics, Chemical, Food & Beverage, Retail & E-Commerce, Others) - Global Industry Analysis, Size, Trends, Leading Companies, Regional Outlook, and Forecast 2026 to 2035

Last Updated : 10 Dec 2025  |  Report Code : 1032  |  Category : Automotive   |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Forklift Market 

5.1. COVID-19 Landscape: Forklift Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Forklift Market, By Class

8.1. Forklift Market Revenue and Volume, by Class

8.1.1. Class 1

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Class 2

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Class 3

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Class 4/5

8.1.4.1. Market Revenue and Volume Forecast

Chapter 9. Global Forklift Market, By Power Source

9.1. Forklift Market Revenue and Volume, by Power Source

9.1.1. ICE

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Electric

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Forklift Market, By Load Capacity 

10.1. Forklift Market Revenue and Volume, by Load Capacity

10.1.1. Below 5 Ton

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. 5-15 Ton

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Above 16 Ton

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Forklift Market, By Electric Battery Type

11.1. Forklift Market Revenue and Volume, by Electric Battery Type

11.1.1. Li-ion

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Lead Acid

11.1.2.1. Market Revenue and Volume Forecast

Chapter 12. Global Forklift Market, By End Use

12.1. Forklift Market Revenue and Volume, by End Use

12.1.1. Industrial

12.1.1.1. Market Revenue and Volume Forecast

12.1.2. Logistics

12.1.2.1. Market Revenue and Volume Forecast

12.1.3. Chemical

12.1.3.1. Market Revenue and Volume Forecast

12.1.4. Food & Beverage

12.1.4.1. Market Revenue and Volume Forecast

12.1.5. Retail & E-Commerce

12.1.5.1. Market Revenue and Volume Forecast

12.1.6. Others

12.1.6.1. Market Revenue and Volume Forecast

Chapter 13. Global Forklift Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Class

13.1.2. Market Revenue and Volume Forecast, by Power Source

13.1.3. Market Revenue and Volume Forecast, by Load Capacity

13.1.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.1.5. Market Revenue and Volume Forecast, by End Use

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Class

13.1.6.2. Market Revenue and Volume Forecast, by Power Source

13.1.6.3. Market Revenue and Volume Forecast, by Load Capacity

13.1.6.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.1.6.5. Market Revenue and Volume Forecast, by End Use  

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Class

13.1.7.2. Market Revenue and Volume Forecast, by Power Source

13.1.7.3. Market Revenue and Volume Forecast, by Load Capacity

13.1.7.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.1.7.5. Market Revenue and Volume Forecast, by End Use

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Class

13.2.2. Market Revenue and Volume Forecast, by Power Source

13.2.3. Market Revenue and Volume Forecast, by Load Capacity

13.2.4. Market Revenue and Volume Forecast, by Electric Battery Type  

13.2.5. Market Revenue and Volume Forecast, by End Use  

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Class

13.2.6.2. Market Revenue and Volume Forecast, by Power Source

13.2.6.3. Market Revenue and Volume Forecast, by Load Capacity

13.2.7. Market Revenue and Volume Forecast, by Electric Battery Type  

13.2.8. Market Revenue and Volume Forecast, by End Use  

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Class

13.2.9.2. Market Revenue and Volume Forecast, by Power Source

13.2.9.3. Market Revenue and Volume Forecast, by Load Capacity

13.2.10. Market Revenue and Volume Forecast, by Electric Battery Type

13.2.11. Market Revenue and Volume Forecast, by End Use

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Class

13.2.12.2. Market Revenue and Volume Forecast, by Power Source

13.2.12.3. Market Revenue and Volume Forecast, by Load Capacity

13.2.12.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.2.13. Market Revenue and Volume Forecast, by End Use

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Class

13.2.14.2. Market Revenue and Volume Forecast, by Power Source

13.2.14.3. Market Revenue and Volume Forecast, by Load Capacity

13.2.14.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.2.15. Market Revenue and Volume Forecast, by End Use

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Class

13.3.2. Market Revenue and Volume Forecast, by Power Source

13.3.3. Market Revenue and Volume Forecast, by Load Capacity

13.3.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.3.5. Market Revenue and Volume Forecast, by End Use

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Class

13.3.6.2. Market Revenue and Volume Forecast, by Power Source

13.3.6.3. Market Revenue and Volume Forecast, by Load Capacity

13.3.6.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.3.7. Market Revenue and Volume Forecast, by End Use

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Class

13.3.8.2. Market Revenue and Volume Forecast, by Power Source

13.3.8.3. Market Revenue and Volume Forecast, by Load Capacity

13.3.8.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.3.9. Market Revenue and Volume Forecast, by End Use

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Class

13.3.10.2. Market Revenue and Volume Forecast, by Power Source

13.3.10.3. Market Revenue and Volume Forecast, by Load Capacity

13.3.10.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.3.10.5. Market Revenue and Volume Forecast, by End Use

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Class

13.3.11.2. Market Revenue and Volume Forecast, by Power Source

13.3.11.3. Market Revenue and Volume Forecast, by Load Capacity

13.3.11.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.3.11.5. Market Revenue and Volume Forecast, by End Use

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Class

13.4.2. Market Revenue and Volume Forecast, by Power Source

13.4.3. Market Revenue and Volume Forecast, by Load Capacity

13.4.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.4.5. Market Revenue and Volume Forecast, by End Use

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Class

13.4.6.2. Market Revenue and Volume Forecast, by Power Source

13.4.6.3. Market Revenue and Volume Forecast, by Load Capacity

13.4.6.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.4.7. Market Revenue and Volume Forecast, by End Use

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Class

13.4.8.2. Market Revenue and Volume Forecast, by Power Source

13.4.8.3. Market Revenue and Volume Forecast, by Load Capacity

13.4.8.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.4.9. Market Revenue and Volume Forecast, by End Use

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Class

13.4.10.2. Market Revenue and Volume Forecast, by Power Source

13.4.10.3. Market Revenue and Volume Forecast, by Load Capacity

13.4.10.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.4.10.5. Market Revenue and Volume Forecast, by End Use

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Class

13.4.11.2. Market Revenue and Volume Forecast, by Power Source

13.4.11.3. Market Revenue and Volume Forecast, by Load Capacity

13.4.11.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.4.11.5. Market Revenue and Volume Forecast, by End Use

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Class

13.5.2. Market Revenue and Volume Forecast, by Power Source

13.5.3. Market Revenue and Volume Forecast, by Load Capacity

13.5.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.5.5. Market Revenue and Volume Forecast, by End Use

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Class

13.5.6.2. Market Revenue and Volume Forecast, by Power Source

13.5.6.3. Market Revenue and Volume Forecast, by Load Capacity

13.5.6.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.5.7. Market Revenue and Volume Forecast, by End Use

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Class

13.5.8.2. Market Revenue and Volume Forecast, by Power Source

13.5.8.3. Market Revenue and Volume Forecast, by Load Capacity

13.5.8.4. Market Revenue and Volume Forecast, by Electric Battery Type

13.5.8.5. Market Revenue and Volume Forecast, by End Use

Chapter 14. Company Profiles

14.1. Anhui Heli Co., Ltd.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Clark Material Handing Company, (Clark Equipment Company)

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Crown Equipment Corporation

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Doosan Corporation

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Hangcha

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Forklift Co., Ltd.

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Toyota Motor Corporation (Toyota Material Handling)

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Hyster-Yale Materials Handling, Inc. (Hyster-Yale Group, Inc.)

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Jungheinrich AG

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. KION Group AG

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global forklift market size is expected to increase USD 90.97 billion by 2025 from USD 173.35 billion in 2035

The global forklift market will register growth rate of 6.66% between 2026 and 2035

The major players operating in the forklift market are Anhui Heli Co., Ltd., Clark Material Handing Company, (Clark Equipment Company), Crown Equipment Corporation, Doosan Corporation,Hangcha, Forklift Co., Ltd., Toyota Motor Corporation (Toyota Material Handling), Hyster-Yale Materials Handling, Inc. (Hyster-Yale Group, Inc.), Jungheinrich AG, KION Group AG, Komatsu Ltd., Mitsubishi Logisnex, and Others.

Asia Pacific region will lead the global forklift market during the forecast period 2026 to 2035

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