Global Forklift Market Size & Outlook, 2026-2033
Global forklift market, 2021-2033 (US$M)
Related Markets
Global forklift market highlights
- The global forklift market generated a revenue of USD 81,441.2 million in 2025 and is expected to reach USD 212,633.1 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 12.7% by 2033.
- In terms of segment, electric accounted for a revenue of USD 64,579.8 million in 2025.
- 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 2025.
- Country-wise, UK is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 81,441.2 million |
| Market revenue in 2033 | USD 212,633.1 million |
| Growth rate | 12.7% (CAGR from 2026 to 2033) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Internal Combustion, Electric |
Other key industry trends
- In terms of revenue, the North America accounted for 14.7% of the global forklift market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, UK is the fastest growing regional market and is projected to reach USD 21,324.6 million by 2033.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hangcha Forklift America | View profile | 11-50 | Charlotte, North Carolina, United States, North America | http://www.hcforkliftamerica.com |
| Anhui Heli | View profile | 5001-10000 | Hefei, Anhui, China, Asia | http://www.helichina.com |
| Doosan Heavy Industries & Construction | View profile | 5001-10000 | Changwon, Kyongsang-namdo, South Korea, Asia | http://www.doosanheavy.com/ |
| Hyster-Yale Materials Handling Inc Class A | View profile | 8600 | 5875 Landerbrook Drive, Suite 300, Cleveland, OH, United States, 44124-4069 | https://www.hyster-yale.com |
| Crown Holdings Inc | View profile | 25000 | 14025 Riveredge Drive, Suite 300, Tampa, FL, United States, 33637-2015 | https://www.crowncork.com |
| Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos | View profile | 48492 | Friedrich-Ebert-Damm 129, Hamburg, Germany, 22047 | https://www.jungheinrich.com |
| KION GROUP AG | View profile | 42325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | https://www.kiongroup.com |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
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 79.3% in 2025. Horizon Databook has segmented the Global forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Forklift Power Source Outlook (Revenue, USD Million, 2021-2033)
- Internal Combustion
- Electric
- Li-ion
- Lead Acid
- Global Forklift Class Outlook (Revenue, USD Million, 2021-2033)
- Class 3
- Class 1
- Class 4/5
- Class 2
- Global Forklift Tons Outlook (Revenue, USD Million, 2021-2033)
- Below 5 Ton
- Above 16 Ton
- 5-15 Ton
- Global Forklift End use Outlook (Revenue, USD Million, 2021-2033)
- Industrial
- Food & Beverage
- Retail & E-Commerce
- Logistics
- Chemical
- Others End Use
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Target buyers of Global forklift market databook
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Our clientele includes a mix of forklift market companies, investment firms, advisory firms & academic institutions.
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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 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global forklift market size, by regions, 2021-2033 (US$M)
Top 10 countries: Forklift market size, 2025 (US$M)
Global forklift market share, by power source, 2025 & 2033 (%, US$M)
Forklift market: Opportunity assessment by country
Global forklift market, by region, 2025 (US$M)
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