Overview
This report focuses on Class 1-5 forklifts in manufacturing and logistics environments, analyzing global market size, orders, shipments, revenue, service, rental, powertrain, electrification, autonomy, supplier shares and end-user applications. The study is built on more than three months of analysis and 30+ hours of primary interviews, with transparent assumptions and forecasts to 2034.
This report focuses on Class 1-5 forklifts in manufacturing and logistics environments, covering vehicle sales, service, rental, electrification, autonomy trends, supplier shares and end-user applications.
Key Questions Answered
The report answers ten question groups covering global market size, supply chain, electrification, hydrogen, supplier shares, service/rental and end-user applications.
How large is the market and how fast will it grow?
Assesses 2024 global forklift market size, growth over the next ten years, regional differences and key drivers.
How will electrification and powertrains change?
Analyzes Li-ion replacement of lead-acid, hydrogen fuel-cell opportunity, order/sales gaps and class/region trends.
How are competition and end demand distributed?
Covers leading 2024 suppliers, shares by region/class/powertrain, and major end-user applications.
Market Size and Forecast Segmentations
The Forklifts report segments by region/country, vehicle class, powertrain, autonomy and end-user application, with Premium adding supplier share and end-user industry analysis.
By region / country
- Americas: United States, Canada, Rest of Americas
- APAC: Oceania, China, India, Japan, South Korea, SEA, Rest of Asia
- EMEA: France, Germany, Italy, UK, Spain, Sweden, East EU, Rest of Europe, Middle East, Africa
By vehicle class and powertrain
- Class 1, Class 2, Class 3.1, Class 3.2, Class 4/5
- ICE (diesel/bio-fuel), full electric lead-acid, full electric Li-ion, hydrogen
By autonomy and end-user application
- Autonomous forklift, manual forklift
- Automotive, food & beverage, logistics, retail, energy, textile, construction, transportation, others
Supplier share and end-user analysis
- Supplier market shares by region, powertrain and class
- End-user industry analysis, whole-database mid-year update and quarterly briefing
Analyst Team
Maya has an interdisciplinary technical background in vehicle electrification, system automation and robotics. Based in China, she leads Li-ion battery and forklift research and covers industrial and collaborative robots.
Alastair has over 15 years of experience leading research in scaled industrial and technology markets, covering electric trucks and buses, autonomous trucks and off-highway electrification.
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