Argentina Forklift Market Size & Outlook, 2024-2030
Argentina forklift market, 2018-2030 (US$M)
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Argentina forklift market highlights
- The Argentina forklift market generated a revenue of USD 192.8 million in 2024 and is expected to reach USD 269.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.8% from 2025 to 2030.
- In terms of segment, electric was the largest revenue generating power source in 2024.
- Electric is the most lucrative power source segment registering the fastest growth during the forecast period.
Forklift market data book summary
| Market revenue in 2024 | USD 192.8 million |
| Market revenue in 2030 | USD 269.9 million |
| Growth rate | 5.8% (CAGR from 2024 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Internal Combustion, Electric |
| Key market players worldwide | Doosan Heavy Industries & Construction, Crown Holdings Inc, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, KION GROUP AG, Komatsu Ltd, Mitsubishi Corp, Toyota Motor Corp, Anhui Heli, Hangcha Forklift America |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.3% of the global forklift market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil forklift market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,874.8 million by 2030.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 67.89% in 2024. Horizon Databook has segmented the Argentina forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina forklift adoption of forklifts in Argentina can be attributed to an increase in construction, mining, and agriculture activities. Forklifts are used in these industries to move raw materials, equipment, and building supplies.
Additionally, they aid in reducing the time required for the transportation of materials within the working facilities. Forklifts integrated with telematics further provide mine operators, construction contractors, and farmers he facility to increase.
The number of hours worked, reduce idle time, and manage their forklift fleets through live location tracking, which helps in increasing production and efficiency. Moreover, the growing e-commerce industry in the country is also driving the demand for forklifts.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina forklift market , including forecasts for subscribers. This country databook contains high-level insights into Argentina forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina forklift market size, by power source, 2018-2030 (US$M)
Argentina Forklift Market Outlook Share, 2024 & 2030 (US$M)
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