Mexico Forklift Market Size & Outlook, 2024-2030
Mexico forklift market, 2018-2030 (US$M)
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Mexico forklift market highlights
- The Mexico forklift market generated a revenue of USD 419.7 million in 2024 and is expected to reach USD 737.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.9% 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 419.7 million |
| Market revenue in 2030 | USD 737.5 million |
| Growth rate | 9.9% (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, Mexico accounted for 0.6% of the global forklift market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In 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 |
|---|
Mexico 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 75.96% in 2024. Horizon Databook has segmented the Mexico forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico forklift market growth of the forklift market in the country can be attributed to factors such as the growth of the automobile manufacturing industry, supportive government policies for the manufacturing industry, and growth opportunities in aerospace, medical drive manufacturing, and consumer product manufacturing.
The growing traction of electrification in material handling equipment and the adoption of sustainable industrial practices to reduce carbon emissions are augmenting the adoption of electric forklifts in the Mexican automotive manufacturing industry.
The position of Mexico as a hub for parts manufacturing by tier 1, 2, and 3 suppliers in the civil and commercial aviation industry presents growth opportunities for forklift dealers in the country.
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Target buyers of Mexico 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico forklift market , including forecasts for subscribers. This country databook contains high-level insights into Mexico forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico forklift market size, by power source, 2018-2030 (US$M)
Mexico Forklift Market Outlook Share, 2024 & 2030 (US$M)
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