Forklift Truck Market Summary

“The global Forklift Truck Market is expected to reach to USD 110.3 billion by 2032, growing at a CAGR of 7.5% during 2025 to 2032”

The TrendBridge Insights Research report, “Global Forklift Truck Market Report 2025 – Future Opportunities, Latest Trends, In-depth Analysis, and Forecast To 2032”, delivers strategic insights into the global Forklift Truck Market. It includes market size projections (in million units for volume and US$ billion for revenue) from 2026 to 2032. The analysis delves into segments by type, application, and geography, alongside competitive profiles of leading vendors and their recent developments.

The report analyzes the global Forklift Truck Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Forklift Truck Market.

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Global Forklift Truck Market Competitive Landscape & Key Players

The key players operating the target market includes,

1. Toyota Industries Corporation

2. KION Group AG

3. Jungheinrich AG

4. Hyster-Yale Materials Handling, Inc.

5. Mitsubishi Logisnext Co., Ltd.

6. Crown Equipment Corporation

7. Komatsu Ltd.

8. Doosan Industrial Vehicle Co., Ltd.

9. Anhui Heli Co., Ltd.

10. Hangcha Group Co., Ltd.

11. Clark Material Handling Company

12. Hyundai Material Handling

13. Lonking Holdings Limited

14. EP Equipment

15. Manitou Group

16. KION Group

17. HysterYale Materials Handling Inc

18. Mitsubishi Logisnext Co Ltd

19. Anhui Heli Co Ltd

20. Hangcha Group Co Ltd

21. Doosan Corporation

22. Combilift Ltd

23. Godrej  Boyce Manufacturing Company Limited

24. UniCarriers Corporation

25. Hyundai Heavy Industries Co Ltd

26. HELI Forklift Co Ltd

27. Linde Material Handling

28. BYD Company Limited

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Segments Covered in the Report:

TrendBridge Insights Group provides an analysis of the key trends in each segment of the global Forklift Truck Market, along with forecasts at the global and regional levels from 2025-2032.

By Product Type: Electric Forklift Trucks, Internal Combustion Forklift Trucks, Manual Forklift Trucks, Automated Guided Vehicles AGVs, Rough Terrain Forklift Trucks

By Class: Class I Electric Motor Rider Trucks, Class II Electric Motor Narrow Aisle Trucks, Class III Electric Motor Hand Trucks or HandRider Trucks, Class IV Internal Combustion Engine Trucks Cushion Tires, Class V Internal Combustion Engine Trucks Pneumatic Tires

By EndUser: Manufacturing, Construction, Logistics

By Retail: Others, Fuel Type, Electric Forklifts, Diesel Forklifts, LPG Forklifts, Hybrid Forklifts

Regional Analysis

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report Scope:

Base year for estimation: 2025

Forecast period: 2026-2032

Market representation: Revenue in USD Billion & CAGR from 2025 to 2032

Report coverage: Revenue forecast, company share, competitive landscape, growth factors, and trends

Various Analyses Covered: Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

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