The global Electric Forklift Truck market size is predicted to grow from US$ 21150 million in 2025 to US$ 29540 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
An Electric Forklift Truck is a material handling vehicle powered by batteries (typically lead-acid or lithium-ion) rather than internal combustion engines. Designed for indoor use and environmentally sensitive environments, electric forklifts are widely used in warehouses, manufacturing plants, retail centers, and logistics hubs due to their clean operation, lower noise, and lower maintenance requirements.
The Electric Forklift Truck market is experiencing strong, sustained growth driven by sustainability regulations, battery innovation, and the expansion of smart warehousing. With businesses increasingly shifting toward low-emission, efficient, and automated material handling solutions, electric forklifts are fast becoming the new industry standard. Companies that offer energy-efficient, digitally connected, and autonomous-ready forklifts are best positioned to lead this market transformation.
麻豆原创 Trends
Shift to Lithium-ion Batteries: Rapid adoption due to longer battery life, fast charging, and zero maintenance. Integration of Smart Features: Telematics, fleet management, remote diagnostics, and operator monitoring systems. Sustainability Mandates: Companies adopting electric forklifts to meet carbon reduction and ESG goals. Growth of Autonomous Forklifts: Electric models are the base for AGVs and self-driving forklifts in smart warehouses. Rental and Fleet-as-a-Service Models: Shift from ownership to leasing for flexibility and reduced capex.
Key 麻豆原创 Drivers
Environmental Regulations: Ban on diesel-powered forklifts in indoor spaces and emissions control. Rising Warehouse Automation: E-commerce, 3PL, and retail sectors require clean and efficient MHE. Lower Total Cost of Ownership (TCO): Electric forklifts offer reduced energy costs and fewer maintenance needs. Government Incentives: Subsidies and tax benefits for adopting electric industrial equipment in several countries. Technological Advancements: Innovations in battery tech, power management, and safety features are boosting adoption.
The 鈥淓lectric Forklift Truck Industry Forecast鈥� looks at past sales and reviews total world Electric Forklift Truck sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Forklift Truck sales for 2025 through 2031. With Electric Forklift Truck sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Forklift Truck industry.
This Insight Report provides a comprehensive analysis of the global Electric Forklift Truck landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Forklift Truck portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Electric Forklift Truck market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Forklift Truck and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Forklift Truck.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Forklift Truck market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Class 1
Class 2
Class 3
Class 4/5
Segmentation by Application:
Warehouses
Factories
Distribution Centers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Forklift Truck market?
What factors are driving Electric Forklift Truck market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Forklift Truck market opportunities vary by end market size?
How does Electric Forklift Truck break out by Type, by Application?
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1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Electric Forklift Truck Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Electric Forklift Truck by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Electric Forklift Truck by Country/Region, 2020, 2024 & 2031
2.2 Electric Forklift Truck Segment by Type
2.2.1 Class 1
2.2.2 Class 2
2.2.3 Class 3
2.2.4 Class 4/5
2.3 Electric Forklift Truck Sales by Type
2.3.1 Global Electric Forklift Truck Sales 麻豆原创 Share by Type (2020-2025)
2.3.2 Global Electric Forklift Truck Revenue and 麻豆原创 Share by Type (2020-2025)
2.3.3 Global Electric Forklift Truck Sale Price by Type (2020-2025)
2.4 Electric Forklift Truck Segment by Application
2.4.1 Warehouses
2.4.2 Factories
2.4.3 Distribution Centers
2.4.4 Others
2.5 Electric Forklift Truck Sales by Application
2.5.1 Global Electric Forklift Truck Sale 麻豆原创 Share by Application (2020-2025)
2.5.2 Global Electric Forklift Truck Revenue and 麻豆原创 Share by Application (2020-2025)
2.5.3 Global Electric Forklift Truck Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Electric Forklift Truck Breakdown Data by Company
3.1.1 Global Electric Forklift Truck Annual Sales by Company (2020-2025)
3.1.2 Global Electric Forklift Truck Sales 麻豆原创 Share by Company (2020-2025)
3.2 Global Electric Forklift Truck Annual Revenue by Company (2020-2025)
3.2.1 Global Electric Forklift Truck Revenue by Company (2020-2025)
3.2.2 Global Electric Forklift Truck Revenue 麻豆原创 Share by Company (2020-2025)
3.3 Global Electric Forklift Truck Sale Price by Company
3.4 Key Manufacturers Electric Forklift Truck Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Electric Forklift Truck Product Location Distribution
3.4.2 Players Electric Forklift Truck Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 麻豆原创 M&A Activity & Strategy
4 World Historic Review for Electric Forklift Truck by Geographic Region
4.1 World Historic Electric Forklift Truck 麻豆原创 Size by Geographic Region (2020-2025)
4.1.1 Global Electric Forklift Truck Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Electric Forklift Truck Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Electric Forklift Truck 麻豆原创 Size by Country/Region (2020-2025)
4.2.1 Global Electric Forklift Truck Annual Sales by Country/Region (2020-2025)
4.2.2 Global Electric Forklift Truck Annual Revenue by Country/Region (2020-2025)
4.3 Americas Electric Forklift Truck Sales Growth
4.4 APAC Electric Forklift Truck Sales Growth
4.5 Europe Electric Forklift Truck Sales Growth
4.6 Middle East & Africa Electric Forklift Truck Sales Growth
5 Americas
5.1 Americas Electric Forklift Truck Sales by Country
5.1.1 Americas Electric Forklift Truck Sales by Country (2020-2025)
5.1.2 Americas Electric Forklift Truck Revenue by Country (2020-2025)
5.2 Americas Electric Forklift Truck Sales by Type (2020-2025)
5.3 Americas Electric Forklift Truck Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Electric Forklift Truck Sales by Region
6.1.1 APAC Electric Forklift Truck Sales by Region (2020-2025)
6.1.2 APAC Electric Forklift Truck Revenue by Region (2020-2025)
6.2 APAC Electric Forklift Truck Sales by Type (2020-2025)
6.3 APAC Electric Forklift Truck Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Electric Forklift Truck by Country
7.1.1 Europe Electric Forklift Truck Sales by Country (2020-2025)
7.1.2 Europe Electric Forklift Truck Revenue by Country (2020-2025)
7.2 Europe Electric Forklift Truck Sales by Type (2020-2025)
7.3 Europe Electric Forklift Truck Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Electric Forklift Truck by Country
8.1.1 Middle East & Africa Electric Forklift Truck Sales by Country (2020-2025)
8.1.2 Middle East & Africa Electric Forklift Truck Revenue by Country (2020-2025)
8.2 Middle East & Africa Electric Forklift Truck Sales by Type (2020-2025)
8.3 Middle East & Africa Electric Forklift Truck Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Electric Forklift Truck
10.3 Manufacturing Process Analysis of Electric Forklift Truck
10.4 Industry Chain Structure of Electric Forklift Truck
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Electric Forklift Truck Distributors
11.3 Electric Forklift Truck Customer
12 World Forecast Review for Electric Forklift Truck by Geographic Region
12.1 Global Electric Forklift Truck 麻豆原创 Size Forecast by Region
12.1.1 Global Electric Forklift Truck Forecast by Region (2026-2031)
12.1.2 Global Electric Forklift Truck Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Electric Forklift Truck Forecast by Type (2026-2031)
12.7 Global Electric Forklift Truck Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Toyota
13.1.1 Toyota Company Information
13.1.2 Toyota Electric Forklift Truck Product Portfolios and Specifications
13.1.3 Toyota Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Toyota Main Business Overview
13.1.5 Toyota Latest Developments
13.2 Kion
13.2.1 Kion Company Information
13.2.2 Kion Electric Forklift Truck Product Portfolios and Specifications
13.2.3 Kion Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Kion Main Business Overview
13.2.5 Kion Latest Developments
13.3 Jungheinrich
13.3.1 Jungheinrich Company Information
13.3.2 Jungheinrich Electric Forklift Truck Product Portfolios and Specifications
13.3.3 Jungheinrich Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Jungheinrich Main Business Overview
13.3.5 Jungheinrich Latest Developments
13.4 Mitsubishi Logisnext
13.4.1 Mitsubishi Logisnext Company Information
13.4.2 Mitsubishi Logisnext Electric Forklift Truck Product Portfolios and Specifications
13.4.3 Mitsubishi Logisnext Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Mitsubishi Logisnext Main Business Overview
13.4.5 Mitsubishi Logisnext Latest Developments
13.5 Crown Equipment
13.5.1 Crown Equipment Company Information
13.5.2 Crown Equipment Electric Forklift Truck Product Portfolios and Specifications
13.5.3 Crown Equipment Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Crown Equipment Main Business Overview
13.5.5 Crown Equipment Latest Developments
13.6 Hyster-Yale
13.6.1 Hyster-Yale Company Information
13.6.2 Hyster-Yale Electric Forklift Truck Product Portfolios and Specifications
13.6.3 Hyster-Yale Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Hyster-Yale Main Business Overview
13.6.5 Hyster-Yale Latest Developments
13.7 Anhui Heli
13.7.1 Anhui Heli Company Information
13.7.2 Anhui Heli Electric Forklift Truck Product Portfolios and Specifications
13.7.3 Anhui Heli Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Anhui Heli Main Business Overview
13.7.5 Anhui Heli Latest Developments
13.8 Hangcha
13.8.1 Hangcha Company Information
13.8.2 Hangcha Electric Forklift Truck Product Portfolios and Specifications
13.8.3 Hangcha Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Hangcha Main Business Overview
13.8.5 Hangcha Latest Developments
13.9 Clark Material Handling
13.9.1 Clark Material Handling Company Information
13.9.2 Clark Material Handling Electric Forklift Truck Product Portfolios and Specifications
13.9.3 Clark Material Handling Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Clark Material Handling Main Business Overview
13.9.5 Clark Material Handling Latest Developments
13.10 Doosan Corporation Industrial Vehicle
13.10.1 Doosan Corporation Industrial Vehicle Company Information
13.10.2 Doosan Corporation Industrial Vehicle Electric Forklift Truck Product Portfolios and Specifications
13.10.3 Doosan Corporation Industrial Vehicle Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Doosan Corporation Industrial Vehicle Main Business Overview
13.10.5 Doosan Corporation Industrial Vehicle Latest Developments
13.11 Komatsu
13.11.1 Komatsu Company Information
13.11.2 Komatsu Electric Forklift Truck Product Portfolios and Specifications
13.11.3 Komatsu Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Komatsu Main Business Overview
13.11.5 Komatsu Latest Developments
13.12 Lonking
13.12.1 Lonking Company Information
13.12.2 Lonking Electric Forklift Truck Product Portfolios and Specifications
13.12.3 Lonking Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Lonking Main Business Overview
13.12.5 Lonking Latest Developments
13.13 Hyundai Heavy Industries
13.13.1 Hyundai Heavy Industries Company Information
13.13.2 Hyundai Heavy Industries Electric Forklift Truck Product Portfolios and Specifications
13.13.3 Hyundai Heavy Industries Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Hyundai Heavy Industries Main Business Overview
13.13.5 Hyundai Heavy Industries Latest Developments
13.14 EP Equipment
13.14.1 EP Equipment Company Information
13.14.2 EP Equipment Electric Forklift Truck Product Portfolios and Specifications
13.14.3 EP Equipment Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 EP Equipment Main Business Overview
13.14.5 EP Equipment Latest Developments
13.15 Manitou
13.15.1 Manitou Company Information
13.15.2 Manitou Electric Forklift Truck Product Portfolios and Specifications
13.15.3 Manitou Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Manitou Main Business Overview
13.15.5 Manitou Latest Developments
13.16 Paletrans Equipment
13.16.1 Paletrans Equipment Company Information
13.16.2 Paletrans Equipment Electric Forklift Truck Product Portfolios and Specifications
13.16.3 Paletrans Equipment Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Paletrans Equipment Main Business Overview
13.16.5 Paletrans Equipment Latest Developments
13.17 Combilift
13.17.1 Combilift Company Information
13.17.2 Combilift Electric Forklift Truck Product Portfolios and Specifications
13.17.3 Combilift Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Combilift Main Business Overview
13.17.5 Combilift Latest Developments
13.18 Hubtex Maschinenbau
13.18.1 Hubtex Maschinenbau Company Information
13.18.2 Hubtex Maschinenbau Electric Forklift Truck Product Portfolios and Specifications
13.18.3 Hubtex Maschinenbau Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Hubtex Maschinenbau Main Business Overview
13.18.5 Hubtex Maschinenbau Latest Developments
13.19 Godrej & Boyce
13.19.1 Godrej & Boyce Company Information
13.19.2 Godrej & Boyce Electric Forklift Truck Product Portfolios and Specifications
13.19.3 Godrej & Boyce Electric Forklift Truck Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Godrej & Boyce Main Business Overview
13.19.5 Godrej & Boyce Latest Developments
14 Research Findings and Conclusion
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*If Applicable.