Global Forklift Market Size & Outlook
The forklift industry worldwide is expected to reach a projected revenue of US$ 154,989.3 million by 2030. A compound annual growth rate of 13.5% is expected of the worldwide forklift industry from 2025 to 2030.
Revenue, 2024 (US$M)
$72,588.9
Forecast, 2030 (US$M)
$154,989.3
CAGR, 2025 - 2030
13.5%
Report Coverage
Worldwide
Global forklift market, 2018-2030 (US$M)
Related Markets
Global forklift market highlights
- The global forklift market generated a revenue of USD 72,588.9 million in 2024 and is expected to reach USD 154,989.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 13.5% by 2030.
- In terms of segment, electric accounted for a revenue of USD 50,402.4 million in 2024.
- Electric is the most lucrative power source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 72,588.9 million |
| Market revenue in 2030 | USD 154,989.3 million |
| Growth rate | 13.5% (CAGR from 2024 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Internal Combustion, Electric |
Other key industry trends
- In terms of revenue, the North America accounted for 15.1% of the global forklift market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 183.2 million by 2030.
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Forklift Market Scope
Forklift market segmentation & scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global forklift market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to forklift market will help companies and investors design strategic landscapes.
electric was the largest segment with a revenue share of 69.44% in 2024. Horizon Databook has segmented the Global forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Forklift Power Source Outlook (Revenue, USD Million, 2018-2030)
- Internal Combustion
- Electric
- Li-ion
- Lead Acid
- Global Forklift Class Outlook (Revenue, USD Million, 2018-2030)
- Class 1
- Class 2
- Class 3
- Class 4/5
- Global Forklift Tons Outlook (Revenue, USD Million, 2018-2030)
- Below 5 Ton
- 5-15 Ton
- Above 16 Ton
- Global Forklift End use Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Logistics
- Chemical
- Food & Beverage
- Retail & E-Commerce
- Others
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Our clientele includes a mix of forklift market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global forklift market , including forecasts for subscribers. This global databook contains high-level insights into Global forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global forklift market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Forklift market size, 2024 (USD Million)
Top 10 countries: Forklift market size, 2024 (USD Million)
Global forklift market, by region, 2024 (US$M)
Related regional statistics
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