Forklift Market Size Worth USD 141.32 Billion by 2032
The global forklift market is experiencing significant growth as industries worldwide accelerate their shift toward automation, electric vehicles, and warehouse modernization. According to MarketsandMarkets™, the forklift market is projected to grow from USD 91.2 billion in 2025 to USD 141.3 billion by 2032, registering a CAGR of 6.5% during the forecast period.
The demand is largely driven by...
Forklift Market Size, Share & Growth | Industry Report 2032
The forklift market is undergoing rapid transformation, fueled by the growth of e-commerce, logistics, and warehouse automation. Modern operations increasingly rely on electric forklifts, lithium-ion forklift batteries, and warehouse forklift solutions to boost productivity and reduce operational costs.
Market Growth Drivers:The adoption of electric forklifts is increasing due to energy efficiency,...
Forklift Market Poised to Surge 47% by 2030: How Electric Powertrains and E-Commerce Are Revolutionizing Material Handling
The global warehouse floor is undergoing a silent revolution—and it’s worth $125.4 billion.
While supply chains grab headlines for disruptions, a more transformative shift is happening in warehouses, distribution centers, and manufacturing facilities worldwide. The global forklift market is accelerating at breakneck speed, projected to rocket from $85.2 billion in 2024 to a staggering $125.4...
Forklift Market Size, Share & Growth | Industry Report, 2030
The global forklift market is estimated to grow from USD 85.2 billion in 2024 to USD 125.4 billion by 2030, with a CAGR of 6.7% over the forecast period.
The global forklift market observes growth due to growth in e-commerce and warehouse sectors, an increase in demand for warehouse automation, and rising labor costs. Moreover, the rising demand for sustainable material handling equipment...
Forklift Market Size, Share, Growth & Industry Report, 2030
The global forklift market is estimated to grow from USD 85.2 billion in 2024 to USD 125.4 billion by 2030, with a CAGR of 6.7% over the forecast period.
The global forklift industry observes growth due to growth in e-commerce and warehouse sectors, an increase in demand for warehouse automation, and rising labor costs. Moreover, the rising demand for sustainable material handling equipment...
Forklift Market Size Worth USD 125.4 billion by 2030
The global forklift market is estimated to grow from USD 85.19 billion in 2024 to USD 125.42 billion by 2030, with a CAGR of 6.7% over the forecast period. Growth in the e-commerce and warehouse sectors, increased demand for warehouse automation, and rising labor costs are the key reasons behind the growing demand for forklifts worldwide. According to the International Trade Administration,...
Forklift Market Size, Share, Trends, Analysis & Report 2030
The global forklift market size is projected to grow at a CAGR of 6.7% during the forecast period, from an estimated market size of USD 85.2billion in 2024 to USD 125.4 billion by 2030.
The growing demand for forklifts is driven by several factors, such as the growth in the e-commerce market, the rapid rise in automation in warehouses and manufacturing facilities, and the increase in the number...
Forklift Market Size, Key Trends, and Forecast Analysis 2024-2030
The global forklift market size is projected to grow at a CAGR of 6.7% during the forecast period, from an estimated market size of USD 85.2billion in 2024 to USD 125.4 billion by 2030.
The growing demand for forklifts is driven by several factors, such as the growth in the e-commerce market, the rapid rise in automation in warehouses and manufacturing facilities, and the increase in the number...
Industrial Vehicles Market Size, Share, Trends Report [2030]
The global industrial vehicles market size is projected to grow from USD 43.1 billion in 2024 to USD 56.7 billion by 2030, at a CAGR of 4.6%. Government investments in infrastructure development projects are fueling the growth of the industrial vehicles market on a global scale. Initiatives aimed at modernizing transportation networks, constructing new warehouses, and enhancing logistics capabilities...
Forklift Market Size, Share, Trends, Demand, Growth and Forecast 2027
The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period.
The market is expected to witness growth due to major factors such as rising demand for sustainable intralogistics, rapid growth in the e-commerce and warehousing sector, and increasing demand for lean & automated warehouses to increase operational...