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 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, 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...
Forklift Market Size, Share, Trends, Analysis, Industry Report & Global 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...
Forklift Market by Application, Tonnage, Class and Region – Global Forecast to 2021
The global Forklift Market is projected to grow at a CAGR of 1.93%, from USD 16.00 billion in 2016 to USD 17.61 billion by 2021. The focus on fuel economy to meet stringent emission norms coupled with the rising demand for electric forklift is projected to drive the market for battery-operated forklift market. The growing need for warehouses to support hub and spoke model in various sectors, such as...