Australia Forklift Market Size & Outlook, 2024-2030
Australia forklift market, 2018-2030 (US$M)
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Australia forklift market highlights
- The Australia forklift market generated a revenue of USD 3,367.9 million in 2024 and is expected to reach USD 7,286.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.7% from 2025 to 2030.
- In terms of segment, internal combustion 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 3,367.9 million |
| Market revenue in 2030 | USD 7,286.5 million |
| Growth rate | 13.7% (CAGR from 2024 to 2030) |
| Largest segment | Internal combustion |
| 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, Australia accounted for 4.6% of the global forklift market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China forklift market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,188.7 million by 2030.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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.
Internal combustion was the largest segment with a revenue share of 60.51% in 2024. Horizon Databook has segmented the Australia forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
The growing emphasis on sustainability and environmental concerns is propelling the demand for ecofriendly alternatives, leading to a shift toward electric forklifts.
To enhance efficiency, manufacturers are integrating advanced sensors, cameras, and Artificial Intelligence (AI) algorithms into self-driving or autonomous forklifts, which is enabling forklifts to navigate and operate autonomously without human intervention.
As technology continues to advance, autonomous forklifts are anticipated to play a crucial role in optimizing warehouse operations and improving overall supply chain efficiency.
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Target buyers of Australia 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 country-level data and insights on the Australia forklift market , including forecasts for subscribers. This country databook contains high-level insights into Australia forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia forklift market size, by power source, 2018-2030 (US$M)
Australia Forklift Market Outlook Share, 2024 & 2030 (US$M)
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