Market Overview

The global forklift market size was valued at USD 79.84 billion in 2024 and is expected to grow from USD 89.82 billion in 2025 to reach USD 230.45 billion by 2033, growing at a CAGR of 12.5% during the forecast period (2025-2033).

The global Forklift market continues to evolve rapidly, driven by shifting consumer trends, rising investments, and technological progress. This section provides a detailed snapshot of the current landscape, highlighting major developments, emerging opportunities, and competitive movements that are shaping the industry’s growth trajectory.

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/forklift-market/request-sample

Market Report Scope and Research Methodology

This report offers a balanced combination of qualitative and quantitative analysis to ensure accurate, transparent, and comprehensive insights. The scope defines the parameters and key categories of the market, helping readers clearly understand its framework and underlying dynamics.

The study examines market size, forecasts, and growth potential by analyzing crucial segments and sub-segments. It delves into the factors influencing the market—such as cost efficiency, regulatory initiatives, sustainability goals, and continuous innovation. In addition, it evaluates competitive landscapes, investment flows, and the policy environment impacting overall industry development.

Market Regional Insights

The regional analysis spans North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region is assessed based on market share, growth prospects, trade movements, and investment attractiveness. By studying regional demand trends, industrial performance, and government support measures, the report delivers a holistic understanding of how the market is evolving across different geographies.

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/forklift-market/request-sample

Market Segmentation

1. By Power Source
   1. Internal Combustion Engine
   2. Electric
2. By Class
   1. Class 1
   2. Class 2
   3. Class 3
   4. Class 4/5

Market Key Players

1. Anhui Heli Co.
2. Clark
3. Crown Equipment Corporation
4. Doosan Corporation
5. Hangcha Group Co.
6. Hyster-Yale Materials Handling
7. Jungheinrich AG
8. Kion Group AG
9. Komatsu Ltd.
10. Mitsubishi Logisnext Co.
11. Toyota Industries Corporation

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/forklift-market/request-sample

Key Questions Answered in the Forklift Market Report:

• How large is the Forklift market currently?

• What is the projected size of the Forklift market in the coming years?

• What is the estimated global value of the Forklift market?

• How fast is the Forklift market growing?

• Which segment accounts for the highest share in the Forklift market?

• What are the major Forklift market segments?

• What was the market value of Forklift in North America in 2024?

• Which region currently dominates the market landscape?

• What factors are driving the growth of the Forklift market?

• Who are the prominent players in the Forklift market?

• Which companies are leading in the Forklift industry?

About Straits Research

Straits Research provides comprehensive market intelligence and actionable insights across a wide range of industries. Our reports are designed to empower decision-makers, investors, and organizations to uncover growth opportunities, overcome challenges, and build strategies that ensure long-term success in a rapidly changing business environment.

"