UK Forklift Market Size & Outlook, 2024-2030

The forklift market in UK is expected to reach a projected revenue of US$ 14,186.3 million by 2030. A compound annual growth rate of 15% is expected of UK forklift market from 2025 to 2030.
Revenue, 2024 (US$M)
$6,135.7
Forecast, 2030 (US$M)
$14,186.3
CAGR, 2025 - 2030
15%
Report Coverage
UK

UK forklift market highlights

  • The UK forklift market generated a revenue of USD 6,135.7 million in 2024 and is expected to reach USD 14,186.3 million by 2030.
  • The UK market is expected to grow at a CAGR of 15% 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 2024USD 6,135.7 million
Market revenue in 2030USD 14,186.3 million
Growth rate15% (CAGR from 2024 to 2030)
Largest segmentElectric
Fastest growing segmentElectric
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInternal Combustion, Electric
Key market players worldwideDoosan 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, UK accounted for 8.5% 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 Companies

Name Profile # Employees HQ Website

UK 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 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.

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Target buyers of UK forklift market databook

  • 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 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.

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UK forklift market size, by power source, 2018-2030 (US$M)

UK Forklift Market Outlook Share, 2024 & 2030 (US$M)

UK forklift market size, by power source, 2018-2030 (US$M)

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