Market revenue in 2024 | USD 6,135.7 million |
Market revenue in 2030 | USD 14,186.3 million |
Growth rate | 15% (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 |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
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 89.27% in 2024. Horizon Databook has segmented the UK forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. forklift market retail and e-commerce sectors in the U.K. are driven by the growing consumer demand for environmentally responsible practices. To align with this trend, retailers and e-commerce businesses are actively investing in forklifts to create a more sustainable supply chain.
Electric forklifts offer a cleaner and quieter alternative to internal combustion engine models, providing a seamless material handling experience within retail distribution centers and e-commerce fulfillment warehouses.
The manufacturing sector in the U.K. has witnessed significant advancements in battery technology, specifically tailored to electric forklifts. Lithium-ion batteries, with their higher energy density and fast charging capabilities, offer enhanced productivity and reduced downtime, which makes them suitable for the fast-paced and demanding nature of manufacturing environments.
Horizon Databook provides a detailed overview of country-level data and insights on the UK forklift market , including forecasts for subscribers. This country databook contains high-level insights into UK forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account