Germany Forklift Market Size & Outlook, 2024-2030
Germany forklift market, 2018-2030 (US$M)
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Germany forklift market highlights
- The Germany forklift market generated a revenue of USD 8,211.0 million in 2024 and is expected to reach USD 17,771.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 13.7% 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 8,211.0 million |
| Market revenue in 2030 | USD 17,771.7 million |
| Growth rate | 13.7% (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, Germany accounted for 11.3% of the global forklift market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany forklift market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 14,186.3 million by 2030.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 87.6% in 2024. Horizon Databook has segmented the Germany forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Germany forklift market Electric forklifts have lower operational and maintenance costs compared to their internal combustion engine counterparts. Companies in Germany are keen on leveraging these cost efficiencies to enhance their bottom line while maintaining high operational standards, which is propelling the growth of the electric forklift market in Germany.
For instance, in December 2022, Jungheinrich AG announced the launch of an entry-level electric forklift truck model for stacking and tracking tasks.
The forklift truck has a lifting capacity of 1.6 tons – 3 tons and can lift up to 6,500 mm in height, which makes it ideal for medium to lightweight operations. It can be used for various applications, including warehousing, production, trade, agriculture, and workshops.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany forklift market , including forecasts for subscribers. This country databook contains high-level insights into Germany forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany forklift market size, by power source, 2018-2030 (US$M)
Germany Forklift Market Outlook Share, 2024 & 2030 (US$M)
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