Japan Forklift Market Size & Outlook, 2024-2030
Japan forklift market, 2018-2030 (US$M)
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Japan forklift market highlights
- The Japan forklift market generated a revenue of USD 4,954.4 million in 2024 and is expected to reach USD 10,980.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 14.2% 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 4,954.4 million |
| Market revenue in 2030 | USD 10,980.6 million |
| Growth rate | 14.2% (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, Japan accounted for 6.8% 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 |
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Japan 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 71.73% in 2024. Horizon Databook has segmented the Japan forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Japan forklift market manufacturing sector in Japan increasingly adopts automation and Industry 4.0 technologies, forklifts are being integrated into automated material handling systems.
Manufacturing facilities adopt Automated Guided Vehicles (AGVs) and autonomous forklifts to enhance efficiency and reduce the need for manual intervention. In addition, the manufacturing sector often involves continuous material handling tasks, which require reliable and efficient equipment.
Electric forklifts, with their lower maintenance requirements and longer operational hours provided by advanced battery technology, offer cost-effectiveness and reliability. For instance, in May 2023, Toyota Material Handling announced the launch of three new forklift models, which were equipped with features such as standard power steering, industrial tow tractor, automatic parking brake, side-entry end rider, and center rider stacker.
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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 Japan forklift market , including forecasts for subscribers. This country databook contains high-level insights into Japan forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan forklift market size, by power source, 2018-2030 (US$M)
Japan Forklift Market Outlook Share, 2024 & 2030 (US$M)
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