フォークリフト市場規模、シェア、動向、2032年までの世界予測

Forklift Market - Global Forecast to 2032

Forklift Market by Propulsion (Electric, ICE, Fuel Cell), Tonnage Capacity, End-Use Industry, by Class (1, 2, 31, 32, 4/5), Operation, Application, Battery Type (Li-ion, Lead Acid), Lifting Capacity, Tire, Product Type, Region - Global Forecast to 2032

商品番号 : SMB-22947

出版社MarketsandMarkets
出版年月2025年10月
ページ数362
図表数513
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

フォークリフト市場 -推進力(電気、内燃機関、燃料電池)、積載量、最終用途産業、クラス別(1、2、31、32、4/5)、運用、用途、電池タイプ(リチウムイオン、鉛蓄電池)、揚力、タイヤ、製品タイプ、地域別 – 2032年までの世界予測

フォークリフト市場は、2025年の911億9,000万米ドルから2032年には1,413億2,000万米ドルに、年平均成長率6.5%で成長すると予測されています。

フォークリフトは最も一般的なイントラロジスティクスシステムの1つであり、さまざまな用途で資材の取り扱いに効率的であると考えられています。コンパクトなサイズ、重量物の搬送能力、および汎用性により、フォークリフトは資材搬送作業において好ましい選択肢となっています。アジア太平洋市場は予測期間中に成長し、世界のフォークリフト市場を支配すると予想されています。大手OEMである豊田自動織機、Kionグループ、Jungheinrich AGは、生産性と効率性を向上させる革新的な電動および自律型モデルへの移行を推進しています。さらに、リアルタイムの位置監視とフォークリフトの自動資材搬送機能を備えた人工知能の出現は、倉庫の自動化に最高レベルの革命をもたらし、それにより世界の倉庫業界の大手企業は、最適化された業務のために自律型フォークリフトの導入を拡大しています。米国国立労働安全衛生研究所 (NIOSH) や労働安全衛生局 (OSHA) などの機関は、自律型フォークリフト市場におけるこれらの進歩を強調し、センサーを搭載したフォークリフトは、より安全なナビゲーションと荷物の管理を促進することで職場での事故を減らすことができると指摘しています。

この調査では、フォークリフト市場を分類し、トン数容量(5トン未満、5〜10トン、11〜36トン、36トン以上)、用途(屋内、屋外、屋内と屋外)、クラス(クラス1、クラス2、クラス3(クラス31、クラス32)、クラス4/5)、業界(3PL、食品および飲料、自動車、パルプおよび紙、金属および重機、電子商取引、航空、半導体およびエレクトロニクス、化学、ヘルスケア、その他)、推進力(電気およびICE)、操作(手動および自律)、製品タイプ(倉庫およびカウンターバランス)、バッテリータイプ(リチウムイオンおよび鉛蓄電池)、タイヤタイプ(クッションおよび空気圧)、地域(アジア太平洋、ヨーロッパ、北米、その他の国)に基づいて市場規模を予測しています。

本レポートは、フォークリフト市場全体および各サブセグメントの収益数値の近似値に関する情報を提供し、市場リーダー企業および新規参入企業にとって役立ちます。包括的な市場シェア分析、サプライチェーン分析、部品メーカーの詳細なリストと分析、材質に基づく各章のセグメンテーション、徹底的なサプライチェーン分析、そして競合状況が含まれています。また、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのにも役立ちます。

本レポートでは、以下の点について洞察を提供しています。

  • フォークリフト市場の成長に影響を与える主要な推進要因(温室効果ガス排出量の増加、政府のインセンティブと政策、フリートレベルの排出量削減目標、排出ガスゼロ車両への需要増加)、制約要因(EVバッテリーの安全性への懸念と開発コストの高さ)、機会(水素燃料電池電気自動車への移行)、課題(充電インフラ開発の高コスト)の分析
  • 製品開発/イノベーション:フォークリフト市場における今後の技術、研究開発活動、新製品・新サービスの発売に関する詳細な洞察
  • 市場開発:収益性の高い市場に関する包括的な情報 – 本レポートでは、様々な地域におけるフォークリフト市場を分析しています。
  • 市場の多様化:新製品・サービス、未開拓地域、最近の動向、フォークリフト市場への投資に関する包括的な情報を提供しています。
  • 電動フォークリフト市場のセグメントとその動向を詳細に分析しています。 電
  • 動フォークリフトのOEM分析

Report Description

The forklift market is projected to grow from USD 91.19 billion in 2025 to USD 141.32 billion in 2032, at a CAGR of 6.5%. Forklifts are one of the most common intralogistics systems and are seen as efficient in handling materials for various applications. The compact size, heavy-weight carrying capacity, and versatility make forklifts the preferred choice in material handling operations. The Asia Pacific market is expected to grow and dominate the global forklift market over the forecast period. Major OEMs such as Toyota Industries Corporation, Kion Group, and Jungheinrich AG are driving a shift towards innovative electric and autonomous models that enhance productivity and efficiency. In addition, the emergence of artificial intelligence with real-time location monitoring and automated material handling capabilities in forklifts has revolutionized warehouse automation at the highest level, thereby encouraging global warehousing industry giants to increase the deployment of autonomous forklifts for optimized operations. Institutional entities like the U.S. National Institute for Occupational Safety and Health (NIOSH) and the Occupational Safety and Health Administration (OSHA) emphasize these advancements in the autonomous forklift market, noting that sensor-equipped forklifts can reduce workplace incidents by promoting safer navigation and load management.

フォークリフト市場規模、シェア、動向、2032年までの世界予測
Forklift Market – Global Forecast to 2032

“Electric forklifts are projected to remain dominant in the global market during the forecast period.”

Electric forklifts represent the largest share of the global market. Classified as Class 1, Class 2, Class 3, and Class 2, these forklifts are electrically powered and account for over 70% of the market as of 2024. The demand for electric forklifts is on the rise due to the need to comply with strict emissions standards for industrial vehicles worldwide. Additionally, electric forklifts reduce ownership costs and offer a better return on investment (ROI) compared to internal combustion engine (ICE) forklifts.

The widespread adoption of lithium-ion batteries is another trend ensuring the dominance of electric forklifts. These lithium-ion batteries offer rapid charging, minimal maintenance, and a longer lifespan than traditional lead-acid types. For example, lithium iron phosphate (LFP) batteries are favored by most OEMs for their safety profile, long cycle life, and cost advantages, which make them attractive for multi-shift warehouse operations and cold storage environments. According to BloombergNEF, by December 2024, lithium-ion battery pack prices had fallen to a record low of USD 115 per kilowatt-hour, representing a 20% decline from 2023 and marking the largest annual drop since 2017. Thus, with advancements in battery technologies coupled with emerging stringent emission norms and demand for low-cost and efficient warehouse management, the demand for electric forklifts is expected to increase in the coming years.

フォークリフト市場規模、シェア、動向、2032年までの世界予測 - by propulsion
Forklift Market – Global Forecast to 2032 – by propulsion

“Forklift demand in the E-commerce industry is expected to grow at the fastest CAGR during the review period.”

Forklifts are highly useful in the e-commerce industry as they enable faster and more efficient handling of goods, directly supporting the sector’s growth. With consumer buying shifting from physical shops to digital platforms, forklifts help manage large volumes of goods in warehouses and distribution centers. They play a key role in meeting same-day or quick delivery demands by speeding up loading, unloading, and inventory movement. E-commerce players increasingly rely on advanced electric and autonomous forklifts, which integrate with innovative warehousing technologies to improve operational efficiency. Their usefulness is evident globally, though more pronounced in North America and Europe, where forklifts help e-commerce companies meet faster delivery commitments, often tied to premium services.

フォークリフト市場規模、シェア、動向、2032年までの世界予測 - 地域
Forklift Market – Global Forecast to 2032 – region

“Europe is estimated to be the second-largest forklift market during the forecast period.”

By 2032, Europe is projected to be the second-biggest consumer market for forklifts worldwide. This can be attributed to stringent workplace safety guidelines, high labor costs, high real estate prices, which limit warehouse space, and the stringent European emission norms. Most of the forklift market in Europe falls in three countries, namely Germany, France, and the UK, which are experiencing high growth rates in e-commerce, retail, and manufacturing sectors.

In Europe, forklifts below 5 tons command the most significant and fastest-growing market share, reflecting the region’s strong emphasis on space-efficient, high-throughput indoor material handling. By class, Class 3 (electric pedestrian trucks) and Class 2 (electric narrow aisle trucks) lead the market, driven by high demand in warehousing, retail, and automation-focused sectors across Germany, France, and the UK. The fastest-growing segment, however, is Class 1 (electric motor rider trucks), underpinned by rising e-commerce activity, accelerating automation investments, and stringent emission and safety standards that favor electric, ergonomic, and flexible forklift solutions for Europe’s modern logistics environments. To conclude, Europe is leading the warehouse automation and material handling market due to high labor costs, limited space, and strict safety standards. Further, the surging pharma and chemicals industries are likely to continue boosting the forklift market in the European region.

The break-up of the profile of primary participants in the forklift market:

  • By Company Type: Forklift OEMs – 80%, Others – 20%
  • By Designation: C Level – 60%, Director-level – 30%, Others – 10%
  • By Region: North America– 25%, Europe – 30%, Asia Pacific – 40%, Rest of the World–5%

Mitsubishi Logisnext Co., Ltd. (Japan) is the leading manufacturer of forklifts in the global market. The other key companies include Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), and Crown Equipment Corporation (US).

フォークリフト市場規模、シェア、動向、2032年までの世界予測 - 対象企業
Forklift Market – Global Forecast to 2032 – ecosystem

Research Coverage:

The study segments the forklift market and forecasts the market size based on Tonnage Capacity (below 5 tons, 5–10 tons, 11–36 tons, and above 36 tons), Application (indoor, outdoor, and indoor and outdoor), Class (Class 1, Class 2, Class 3 (Class 31, Class 32), and Class 4/5), Industry (3PL, food & beverage, automotive, pulp & paper, metals & heavy machinery, e-commerce, aviation, semiconductors & electronics, chemical, healthcare, and others), Propulsion (electric and ICE), Operation (manual and autonomous), Product Type (warehouse and counterbalance), by Battery Type (lithium-ion and lead-acid), Tire Type (cushion and pneumatic)  and Region (Asia Pacific, Europe, North America, and Rest of the World).

Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall forklift market and the subsegments. The report includes a comprehensive market share analysis, supply chain analysis, extensive lists and insights into component manufacturers, chapter segmentation based on materials, a thorough supply chain analysis, and a competitive landscape. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

  • Analysis of key drivers (Rising GHG emissions, government incentives and policies, overall targets to reduce fleet-level emissions and increasing demand for emission-free vehicles), restraints (safety concerns in EV batteries and high development cost), opportunities (transition towards hydrogen fuel cell electric mobility), and challenges (high cost of developing charging infrastructure) that are influencing the growth of the forklift market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the forklift market
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the forklift market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the forklift market
  • Deep dive segments on the electric forklift market and their trends
  • OEM analysis for electric forklifts
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the forklift market, such as Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), Crown Equipment Corporation (US), and Mitsubishi Logisnext Co. Ltd. (Japan)

The report also helps stakeholders understand the pulse of the forklift market by providing them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1               INTRODUCTION              29

1.1           STUDY OBJECTIVES       29

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   30

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      30

1.3.2        INCLUSIONS AND EXCLUSIONS 31

1.3.3        YEARS CONSIDERED      31

1.4           CURRENCY CONSIDERED            32

1.5           UNIT CONSIDERED        33

1.6           STAKEHOLDERS               33

1.7           SUMMARY OF CHANGES               33

2               RESEARCH METHODOLOGY       35

2.1           RESEARCH DATA              35

2.1.1        SECONDARY DATA          36

2.1.1.1    Secondary sources                36

2.1.1.2    Key data from secondary sources       37

2.1.2        PRIMARY DATA 37

2.1.2.1    Primary interview participants           38

2.1.2.2    Breakdown of primary interviews      38

2.2           MARKET SIZE ESTIMATION         39

2.2.1        BOTTOM-UP APPROACH              40

2.2.2        TOP-DOWN APPROACH                41

2.3           DATA TRIANGULATION                42

2.4           FACTOR ANALYSIS          43

2.5           RESEARCH ASSUMPTIONS           44

2.6           RESEARCH LIMITATIONS             45

3               EXECUTIVE SUMMARY  46

4               PREMIUM INSIGHTS       49

4.1           UNMET NEEDS AND WHITE SPACES       49

4.1.1        UNMET NEEDS 49

4.1.2        WHITE SPACES 49

4.2           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              50

4.2.1        INTERCONNECTED MARKETS   50

4.2.2        CROSS-SECTOR OPPORTUNITIES             50

4.3           EMERGING BUSINESS MODELS AND ECOSYSTEM SHIFTS 51

4.3.1        EMERGING BUSINESS MODELS 51

4.3.2        ECOSYSTEM SHIFTS       51

4.4           STRATEGIC MOVES BY OEMS AND TIER-1 SUPPLIERS                 52

4.5           VC/PRIVATE EQUITY INVESTMENT TRENDS AND START-UP LANDSCAPE 52

4.5.1        INVESTMENT TRENDS  52

4.5.2        START-UP LANDSCAPE 53

4.6           SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES       53

5               MARKET OVERVIEW       54

5.1           INTRODUCTION              54

5.2           MARKET DYNAMICS       55

5.2.1        DRIVERS               55

5.2.1.1    Rapid growth in e-commerce and warehousing industries                 55

5.2.1.2    Government incentives and regulations promoting growth

of electric forklifts 56

5.2.1.3    Automation and fleet integration       57

5.2.2        RESTRAINTS      58

5.2.2.1    Expansion of third-party logistics services       58

5.2.2.2    Elevated demand for stacker cranes  59

5.2.3        OPPORTUNITIES              60

5.2.3.1    Evolution of refurbished and rental forklifts    60

5.2.3.2    Modular solutions to optimize customer productivity    61

5.2.3.3    Integration of AI, IoT, and predictive analytics for fleet optimization          62

5.2.4        CHALLENGES    63

5.2.4.1    High initial cost of electric forklifts   63

5.2.4.2    Substantial integration and technology cost of autonomous forklifts  63

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            64

5.4           PRICING ANALYSIS          65

5.4.1        AVERAGE SELLING PRICE TREND, BY REGION   65

5.4.2        AVERAGE SELLING PRICE OF FORKLIFTS OFFERED BY KEY PLAYERS     66

5.4.2.1    Linde      66

5.4.2.2    Hangcha 67

5.4.2.3    Manitou 67

5.4.2.4    Komatsu 68

5.4.2.5    CLARK  68

5.5           CASE STUDY ANALYSIS 69

5.5.1        MITSUBISHI FORKLIFTS SUPPLIED ELECTRIC COUNTERBALANCE TRUCKS TO KELLOGG’S MANCHESTER SITE       69

5.5.2        TOYOTA DELIVERED SUSTAINABLE AGV SOLUTIONS FOR PANASONIC ENERGY            69

5.5.3        L’ORÉAL INSTALLED DEMATIC’S AUTONOMOUS FORKLIFTS TO REDUCE

DELIVERY TIME                70

5.5.4        AER MANUFACTURING REPLACED AGING AUTONOMOUS FLOOR-TO-FLOOR MATERIAL HANDLING SYSTEMS WITH DEMATIC’S COMPACT AUTONOMOUS TUGGERS            70

5.5.5        MITSUBISHI FORKLIFTS SUPPLIED ELECTRIC FORKLIFTS TO CWT COMMODITIES       71

5.6           ECOSYSTEM ANALYSIS  71

5.7           SUPPLY CHAIN ANALYSIS             74

5.8           TRADE ANALYSIS             75

5.8.1        IMPORT SCENARIO (HS CODE 8427)        75

5.8.2        EXPORT SCENARIO (HS CODE 8427)        77

5.9           KEY CONFERENCES AND EVENTS             79

5.10         INVESTMENT AND FUNDING SCENARIO               80

5.11         OEM ANALYSIS 82

5.11.1      BATTERY CAPACITY VS. LIFTING CAPACITY       82

5.11.2      LIFTING CAPACITY VS. LIFTING VOLTAGE          82

5.11.3      BATTERY VOLTAGE VS. MARKET SIZE OF FORKLIFTS                 83

5.12         ROI OF CONVENTIONAL VS. ELECTRIC FORKLIFTS                 83

5.13         BILL OF MATERIALS       84

5.14         TOTAL COST OF OWNERSHIP   85

5.15         TECHNOLOGY ANALYSIS             86

5.15.1      KEY TECHNOLOGIES     86

5.15.1.1  Autonomous forklifts           86

5.15.1.2  Electric powertrains              87

5.15.1.3  Internet of Things                 87

5.15.2      COMPLEMENTARY TECHNOLOGIES       87

5.15.2.1  Industry 4.0           87

5.15.2.2  Hydrogen fuel cells               88

5.15.3      ADJACENT TECHNOLOGIES       88

5.15.3.1  5G connectivity     88

5.15.3.2  Solid-state batteries              88

5.16         PATENT ANALYSIS          89

5.17         IMPACT OF AI/GEN AI   98

5.18         REGULATORY LANDSCAPE         99

5.18.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             99

5.18.2      INTERNATIONAL STANDARDS  103

5.18.3      ENVIRONMENTAL AND EMISSION REGULATIONS                 104

5.18.4      US           104

5.18.5      EUROPEAN UNION          106

5.18.6      CHINA  107

5.18.7      INDIA    107

5.18.8      INCENTIVES AND GREENFUNDING PROGRAMS 108

5.19         KEY STAKEHOLDERS AND BUYING CRITERIA     109

5.19.1      KEY STAKEHOLDERS IN BUYING PROCESS           109

5.19.2      BUYING CRITERIA           110

6               FORKLIFT MARKET, BY PROPULSION     111

6.1           INTRODUCTION              112

6.2           ELECTRIC            113

6.2.1        EMPHASIS ON ENVIRONMENTAL SUSTAINABILITY TO DRIVE MARKET 113

6.3           ICE         115

6.3.1        ABILITY TO WITHSTAND HARSH WEATHER CONDITIONS TO DRIVE MARKET             115

6.3.2        GASOLINE           117

6.3.3        DIESEL 117

6.3.4        ALTERNATE FUEL           117

6.4           FUEL CELL          118

6.5           PRIMARY INSIGHTS        118

7               FORKLIFT MARKET, BY TONNAGE CAPACITY     119

7.1           INTRODUCTION              120

7.2           <5 TONS               121

7.2.1        NEED FOR OPERATIONAL FLEXIBILITY IN COMPACT WAREHOUSES TO DRIVE MARKET           121

7.3           5–10 TONS           123

7.3.1        RISE OF ELECTRIC INFRASTRUCTURE TO DRIVE MARKET               123

7.4           11–36 TONS         124

7.4.1        LARGE-SCALE ADOPTION IN LOGISTICS AND FREIGHT INDUSTRIES TO DRIVE MARKET               124

7.5           >36 TONS             126

7.5.1        EXTENSIVE USE IN HANDLING EXTREMELY HEAVY MATERIALS TO DRIVE MARKET                 126

7.6           PRIMARY INSIGHTS        127

8               FORKLIFT MARKET, BY END-USE INDUSTRY       128

8.1           INTRODUCTION              129

8.2           THIRD-PARTY LOGISTICS            132

8.2.1        INCREASED ADOPTION OF FORKLIFTS DUE TO FAST LOADING, TRANSPORTATION, AND UNLOADING OPERATIONS TO DRIVE MARKET         132

8.3           FOOD & BEVERAGES      133

8.3.1        PRESSURE ON MANUFACTURERS TO REDUCE OPERATIONAL COSTS TO DRIVE MARKET           133

8.4           AUTOMOTIVE   135

8.4.1        NEED FOR EFFICIENT INVENTORY MANAGEMENT TO DRIVE MARKET 135

8.5           E-COMMERCE   136

8.5.1        RISING DEMAND FOR SHORTER DELIVERY TIMES TO DRIVE MARKET 136

8.6           AVIATION           138

8.6.1        INCORPORATION OF FORKLIFTS IN MANUFACTURING AND ASSEMBLY OPERATIONS TO DRIVE MARKET            138

8.7           PULP & PAPER  139

8.7.1        SUBSTANTIAL INVESTMENTS IN AUTONOMOUS FORKLIFT SOLUTIONS TO DRIVE MARKET          139

8.8           CHEMICALS        141

8.8.1        FOCUS ON ENSURING WORKPLACE SAFETY AND MANAGING WORKFLOW EFFECTIVELY TO DRIVE MARKET                 141

8.9           HEALTHCARE    142

8.9.1        STRICT REGULATORY REQUIREMENTS FOR PRODUCTION, STORAGE,

AND DISTRIBUTION OF DRUGS TO DRIVE MARKET        142

8.10         SEMICONDUCTORS & ELECTRONICS     144

8.10.1      MANUFACTURERS’ EMPHASIS ON ENHANCING INTRALOGISTICS OPERATIONS TO DRIVE MARKET        144

8.11         METALS & HEAVY MACHINERY 145

8.11.1      RISE IN INFRASTRUCTURAL DEVELOPMENT TO DRIVE MARKET               145

8.12         OTHERS                147

8.13         PRIMARY INSIGHTS        148

9               FORKLIFT MARKET, BY CLASS   149

9.1           INTRODUCTION              150

9.2           CLASS 1 151

9.2.1        PREDOMINANCE IN ASIA PACIFIC REGION TO DRIVE MARKET               151

9.3           CLASS 2 152

9.3.1        LIMITED MARKET DUE TO AVAILABILITY OF MORE VERSATILE OPTIONS     152

9.4           CLASS 3 153

9.4.1        SUSTAINABILITY TARGETS FOR ZERO-EMISSION EQUIPMENT TO DRIVE MARKET               153

9.4.2        CLASS 31               154

9.4.3        CLASS 32               155

9.4.4        CLASS 31 VS. CLASS 32 FORKLIFTS            156

9.5           CLASS 4/5             156

9.5.1        RELIABILITY OF INTERNAL COMBUSTION ENGINES TO DRIVE MARKET 156

9.6           PRIMARY INSIGHTS        157

10            FORKLIFT MARKET, BY OPERATION       158

10.1         INTRODUCTION              159

10.2         MANUAL              160

10.2.1      LOW INITIAL COST AND EASE OF INTEGRATION TO DRIVE MARKET 160

10.3         AUTONOMOUS 162

10.3.1      RAPID FORKLIFT DEVELOPMENT TO INCREASE WORKPLACE PRODUCTIVITY TO DRIVE MARKET             162

10.4         PRIMARY INSIGHTS        163

11            FORKLIFT MARKET, BY APPLICATION   164

11.1         INTRODUCTION              165

11.2         INDOOR               166

11.2.1      RAPIDLY EXPANDING E-COMMERCE AND LOGISTICS INDUSTRIES

TO DRIVE MARKET         166

11.3         OUTDOOR          168

11.3.1      SIGNIFICANT PRESENCE OF CONSTRUCTION, MINING, AND MARINE FREIGHT INDUSTRIES IN NORTH AMERICA TO DRIVE MARKET 168

11.4         INDOOR & OUTDOOR   169

11.4.1      RISING NEED FOR DUAL-USE FORKLIFTS TO DRIVE MARKET               169

11.5         PRIMARY INSIGHTS        171

12            ELECTRIC FORKLIFT MARKET, BY BATTERY TYPE                 172

12.1         INTRODUCTION              173

12.2         LITHIUM-ION    174

12.2.1      HIGH ENERGY DENSITY AND LONGER BATTERY LIFE THAN OTHER BATTERIES TO DRIVE MARKET    174

12.2.2      LITHIUM IRON PHOSPHATE       176

12.2.3      NICKEL MANGANESE COBALT   176

12.2.4      OTHERS                176

12.3         LEAD ACID         177

12.3.1      LARGE CURRENT CAPABILITY AND LOW MANUFACTURING COST TO DRIVE MARKET      177

12.4         PRIMARY INSIGHTS        178

13            ELECTRIC FORKLIFT MARKET, BY LIFTING CAPACITY                 179

13.1         INTRODUCTION              180

13.2         <2 TONS               181

13.2.1      WIDE RANGE OF APPLICATIONS IN VARIOUS INDUSTRIES TO DRIVE MARKET               181

13.3         2–5 TONS             182

13.3.1      ADVANCEMENTS IN BATTERY TECHNOLOGY TO DRIVE MARKET               182

13.4         >5 TONS               183

13.4.1      INCREASED PREFERENCE FOR SUSTAINABLE FORKLIFTS WITH MORE LIFTING CAPACITY TO DRIVE MARKET                 183

13.5         PRIMARY INSIGHTS        184

14            FORKLIFT MARKET, BY PRODUCT TYPE                185

14.1         INTRODUCTION              186

14.2         WAREHOUSE     187

14.2.1      ABILITY TO MANEUVER IN NARROW SPACES TO DRIVE MARKET               187

14.3         COUNTERBALANCE        188

14.3.1      NEED FOR STABLE HEAVY MATERIAL HANDLING OPERATIONS TO DRIVE MARKET             188

14.4         PRIMARY INSIGHTS        189

15            FORKLIFT MARKET, BY TIRE TYPE           190

15.1         INTRODUCTION              191

15.2         CUSHION             192

15.2.1      RISING DEMAND FOR LIFTING PACKETS IN WAREHOUSING AND MANUFACTURING INDUSTRIES TO DRIVE MARKET               192

15.3         PNEUMATIC       194

15.3.1      EXTENSIVE USE IN LIFTING HEAVY GOODS AND CARRIAGES TO DRIVE MARKET 194

15.4         PRIMARY INSIGHTS        195

16            FORKLIFT MARKET, BY REGION                196

16.1         INTRODUCTION              197

16.2         ASIA PACIFIC     198

16.2.1      MACROECONOMIC OUTLOOK  199

16.2.2      CHINA  205

16.2.2.1  Growing demand for automation across industries to drive market    205

16.2.3      INDIA    207

16.2.3.1  Booming automobile and e-commerce industries to drive market                 207

16.2.4      JAPAN   208

16.2.4.1  Lack of proper warehousing facilities to drive market    208

16.2.5      SOUTH KOREA  210

16.2.5.1  Demand for increased efficiency to drive market            210

16.3         EUROPE               212

16.3.1      MACROECONOMIC OUTLOOK  212

16.3.2      GERMANY           219

16.3.2.1  Robust logistics industry to drive market          219

16.3.3      UK          221

16.3.3.1  Need for efficient material handling solutions in automotive industry to drive market      221

16.3.4      FRANCE                223

16.3.4.1  Rapid expansion of online retail to drive market             223

16.3.5      ITALY    225

16.3.5.1  Advancements in domestic e-commerce industry to drive market                 225

16.3.6      SPAIN    226

16.3.6.1  Strategic location for logistics and warehousing to drive market                 226

16.3.7      RUSSIA 228

16.3.7.1  Steady growth in diverse industries to drive market       228

16.3.8      TURKEY                230

16.3.8.1  Rising internet penetration and expanding mobile commerce to drive market          230

16.3.9      EASTERN EUROPE           231

16.3.10   REST OF EUROPE             233

16.4         NORTH AMERICA             235

16.4.1      MACROECONOMIC OUTLOOK  235

16.4.2      US           241

16.4.2.1  Inclination toward automation to drive market                241

16.4.3      MEXICO                243

16.4.3.1  Growth of foreign manufacturing units to drive market                 243

16.4.4      CANADA               244

16.4.4.1  Robust export infrastructure to drive market   244

16.5         REST OF THE WORLD    246

16.5.1      MACROECONOMIC OUTLOOK  246

16.5.2      AFRICA 251

16.5.2.1  Expansion of warehouses due to growing export activities to drive market    251

16.5.3      AUSTRALIA & OCEANIA 253

16.5.3.1  Growing industrial activities to drive market   253

16.6         PRIMARY INSIGHTS        255

17            COMPETITIVE LANDSCAPE         256

17.1         INTRODUCTION              256

17.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 256

17.3         MARKET SHARE ANALYSIS, 2024                 257

17.4         REVENUE ANALYSIS, 2021–2024  260

17.5         COMPANY VALUATION AND FINANCIAL METRICS                 261

17.6         PRODUCT/BRAND COMPARISON             262

17.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 263

17.7.1      STARS   263

17.7.2      EMERGING LEADERS     263

17.7.3      PERVASIVE PLAYERS      263

17.7.4      PARTICIPANTS 263

17.7.5      COMPANY FOOTPRINT 265

17.7.5.1  Company footprint               265

17.7.5.2  Region footprint   266

17.7.5.3  Propulsion footprint             266

17.7.5.4  Operation footprint              267

17.8         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024        267

17.8.1      PROGRESSIVE COMPANIES         267

17.8.2      RESPONSIVE COMPANIES            267

17.8.3      DYNAMIC COMPANIES  268

17.8.4      STARTING BLOCKS         268

17.8.5      COMPETITIVE BENCHMARKING               269

17.8.5.1  List of start-ups/SMEs        269

17.8.5.2  Competitive benchmarking of start-ups/SMEs               270

17.9         COMPETITIVE SCENARIO             271

17.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               271

17.9.2      DEALS  275

17.9.3      EXPANSIONS     278

18            COMPANY PROFILES      280

18.1         KEY PLAYERS     280

18.1.1      TOYOTA INDUSTRIES CORPORATION   280

18.1.1.1  Business overview 280

18.1.1.2  Products offered   281

18.1.1.3  Recent developments           282

18.1.1.3.1                Product launches/developments        282

18.1.1.3.2                Deals      284

18.1.1.3.3                Expansions             285

18.1.1.3.4                Other developments             285

18.1.1.4  MnM view              286

18.1.1.4.1                Key strengths        286

18.1.1.4.2                Strategic choices   286

18.1.1.4.3                Weaknesses and competitive threats 286

18.1.2      KION GROUP AG              287

18.1.2.1  Business overview 287

18.1.2.2  Products offered   288

18.1.2.3  Recent developments           289

18.1.2.3.1                Product launches/developments        289

18.1.2.3.2                Deals      291

18.1.2.3.3                Expansions             291

18.1.2.4  MnM view              293

18.1.2.4.1                Key strengths        293

18.1.2.4.2                Strategic choices   293

18.1.2.4.3                Weaknesses and competitive threats 293

18.1.3      JUNGHEINRICH AG         294

18.1.3.1  Business overview 294

18.1.3.2  Products offered   295

18.1.3.3  Recent developments           296

18.1.3.3.1                Product launches/developments        296

18.1.3.3.2                Deals      297

18.1.3.3.3                Expansions             298

18.1.3.3.4                Other developments             300

18.1.3.4  MnM view              301

18.1.3.4.1                Key strengths        301

18.1.3.4.2                Strategic choices   301

18.1.3.4.3                Weaknesses and competitive threats 301

18.1.4      MITSUBISHI LOGISNEXT CO., LTD.          302

18.1.4.1  Business overview 302

18.1.4.2  Products offered   303

18.1.4.3  Recent developments           304

18.1.4.3.1                Product launches/developments        304

18.1.4.3.2                Expansions             306

18.1.4.3.3                Other developments             306

18.1.4.4  MnM view              307

18.1.4.4.1                Key strengths        307

18.1.4.4.2                Strategic choices   307

18.1.4.4.3                Weaknesses and competitive threats 307

18.1.5      CROWN EQUIPMENT CORPORATION     308

18.1.5.1  Business overview 308

18.1.5.2  Products offered   308

18.1.5.3  Recent developments           309

18.1.5.3.1                Product launches/developments        309

18.1.5.3.2                Expansions             311

18.1.5.3.3                Other developments             311

18.1.5.4  MnM view              312

18.1.5.4.1                Key strengths        312

18.1.5.4.2                Strategic choices   312

18.1.5.4.3                Weaknesses and competitive threats 312

18.1.6      HYSTER-YALE MATERIALS HANDLING  313

18.1.6.1  Business overview 313

18.1.6.2  Products offered   314

18.1.6.3  Recent developments           315

18.1.6.3.1                Product launches/developments        315

18.1.6.3.2                Deals      317

18.1.6.3.3                Other developments             317

18.1.7      CLARK MATERIAL HANDLING COMPANY             318

18.1.7.1  Business overview 318

18.1.7.2  Products offered   318

18.1.7.3  Recent developments           319

18.1.7.3.1                Product launches/developments        319

18.1.7.3.2                Deals      320

18.1.7.3.3                Other developments             320

18.1.8      HYUNDAI CONSTRUCTION EQUIPMENT              321

18.1.8.1  Business overview 321

18.1.8.2  Products offered   322

18.1.8.3  Recent developments           323

18.1.8.3.1                Product launches/developments        323

18.1.8.3.2                Deals      323

18.1.8.3.3                Other developments             324

18.1.9      KOMATSU LTD.                 325

18.1.9.1  Business overview 325

18.1.9.2  Products offered   326

18.1.9.3  Recent developments           327

18.1.9.3.1                Product launches/developments        327

18.1.9.3.2                Deals      328

18.1.10   BOBCAT COMPANY        329

18.1.10.1                 Business overview 329

18.1.10.2                 Products offered   330

18.1.10.3                 Recent developments           331

18.1.10.3.1             Product launches/developments        331

18.1.10.3.2             Other developments             331

18.2         OTHER PLAYERS              332

18.2.1      KALMAR               332

18.2.2      ANHUI HELI CO., LTD.   333

18.2.3      BYD COMPANY LTD.      334

18.2.4      GODREJ MATERIAL HANDLING 335

18.2.5      EP EQUIPMENT                336

18.2.6      LONKING             337

18.2.7      HANGCHA FORKLIFT     338

18.2.8      KONECRANES   339

18.2.9      COMBILIFT         340

18.2.10   VALLÉE 341

18.2.11   FLEXI NARROW AISLE    342

18.2.12   MANITOU            343

18.2.13   HOIST MATERIAL HANDLING    344

18.2.14   AGILOX SERVICES GMBH              345

18.2.15   E80 GROUP S.P.A.             346

18.2.16   SCOTT AUTOMATION   347

18.2.17   BASTIAN SOLUTIONS    348

18.2.18   SEEGRID CORPORATION              349

18.2.19   VECNA ROBOTICS           350

18.2.20   MURATA MACHINERY, LTD.       351

19            RECOMMENDATIONS   352

19.1         ASIA PACIFIC TO BE LEADING MARKET FOR FORKLIFTS DURING FORECAST PERIOD       352

19.2         E-COMMERCE TO BE KEY FOCUS FOR FORKLIFT MANUFACTURERS           352

19.3         CONCLUSION    353

20            APPENDIX           354

20.1         INSIGHTS FROM INDUSTRY EXPERTS     354

20.2         DISCUSSION GUIDE        354

20.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                358

20.4         CUSTOMIZATION OPTIONS        360

20.5         RELATED REPORTS         360

20.6         AUTHOR DETAILS           361

LIST OF TABLES

TABLE 1                CURRENCY EXCHANGE RATE, 2021—2024                 32

TABLE 2                MARKET DYNAMICS       52

TABLE 3                FORKLIFT EMISSION NORMS      57

TABLE 4                ADOPTION OF AUTONOMOUS FORKLIFTS                 58

TABLE 5                US THIRD-PARTY LOGISTICS MARKET  58

TABLE 6                ADVANTAGES OF STACKER CRANES OVER FORKLIFTS         59

TABLE 7                PROCESS OF REFURBISHING FORKLIFTS                 60

TABLE 8                AVERAGE COST OF RENTAL FORKLIFTS IN US                 61

TABLE 9                PRICE COMPARISON BETWEEN FORKLIFT MODELS               63

TABLE 10              AUTOMATIC VS. MANUAL FORKLIFT COST COMPARISON   64

TABLE 11              AVERAGE SELLING PRICE TREND, BY REGION, 2021–2024 (USD)                65

TABLE 12              AVERAGE SELLING PRICE OF FORKLIFTS OFFERED BY LINDE, 2024 (USD)                 66

TABLE 13              AVERAGE SELLING PRICE OF FORKLIFTS OFFERED BY HANGCHA, 2024 (USD)        67

TABLE 14              AVERAGE SELLING PRICE OF FORKLIFTS OFFERED BY MANITOU, 2024 (USD)        67

TABLE 15              AVERAGE SELLING PRICE OF FORKLIFTS OFFERED BY KOMATSU, 2024 (USD)        68

TABLE 16              AVERAGE SELLING PRICE OF FORKLIFTS OFFERED BY CLARK, 2024 (USD)                68

TABLE 17              ROLE OF COMPANIES IN ECOSYSTEM    72

TABLE 18              US: IMPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  75

TABLE 19              CANADA: IMPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  75

TABLE 20              FRANCE: IMPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  76

TABLE 21              NETHERLANDS: IMPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  76

TABLE 22              UK: IMPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  76

TABLE 23              CHINA: EXPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  77

TABLE 24              GERMANY: EXPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2021–2024 (USD)  77

TABLE 25              US: EXPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  78

TABLE 26              ITALY: EXPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  78

TABLE 27              UK: EXPORT SCENARIO FOR HS CODE 8427-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD)  78

TABLE 28              KEY CONFERENCES AND EVENTS, 2025–2026                 79

TABLE 29              LIST OF FUNDING           80

TABLE 30              ROI OF CONVENTIONAL VS. ELECTRIC FORKLIFTS         84

TABLE 31              BILL OF MATERIALS FOR FORKLIFTS     84

TABLE 32              TOTAL COST OF OWNERSHIP OF ICE VS. ELECTRIC FORKLIFTS IN US, 2024             85

TABLE 33              PATENT ANALYSIS          90

TABLE 34              IMPACT OF AI/GEN AI ON FORKLIFT MARKET                 98

TABLE 35              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  99

TABLE 36              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           101

TABLE 37              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  102

TABLE 38              US: TIER 4 EMISSION STANDARDS            104

TABLE 39              PROPOSED TIER 5 STANDARDS FOR OFF-ROAD ENGINES              106

TABLE 40              EUROPEAN UNION: STAGE V EMISSION STANDARDS      106

TABLE 41              CHINA: CHINA IV EMISSION STANDARDS                 107

TABLE 42              INDIA: BS V EMISSION STANDARDS         107

TABLE 43              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY OPERATION (%)    109

TABLE 44              KEY BUYING CRITERIA, BY PROPULSION                 110

TABLE 45              FORKLIFT MARKET, BY PROPULSION, 2021–2024 (UNITS)                112

TABLE 46              FORKLIFT MARKET, BY PROPULSION, 2025–2032 (UNITS)                112

TABLE 47              FORKLIFT MARKET, BY PROPULSION, 2021–2024 (USD MILLION) 113

TABLE 48              FORKLIFT MARKET, BY PROPULSION, 2025–2032 (USD MILLION) 113

TABLE 49              ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            114

TABLE 50              ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            114

TABLE 51              ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            114

TABLE 52              ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            115

TABLE 53              ICE FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)                115

TABLE 54              ICE FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)                116

TABLE 55              ICE FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION) 116

TABLE 56              ICE FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION) 116

TABLE 57              FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2024 (UNITS)            120

TABLE 58              FORKLIFT MARKET, BY TONNAGE CAPACITY, 2025–2032 (UNITS)            120

TABLE 59              FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2024 (USD MILLION)            121

TABLE 60              FORKLIFT MARKET, BY TONNAGE CAPACITY, 2025–2032 (USD MILLION)            121

TABLE 61              <5 TON FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      122

TABLE 62              <5 TON FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      122

TABLE 63              <5 TON FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)       122

TABLE 64              <5 TON FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)       122

TABLE 65              5–10 TON FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      123

TABLE 66              5–10 TON FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      123

TABLE 67              5–10 TON FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)       124

TABLE 68              5–10 TON FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)       124

TABLE 69              11–36 TON FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            125

TABLE 70              11–36 TON FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            125

TABLE 71              11–36 TON FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            125

TABLE 72              11–36 TON FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            125

TABLE 73              >36 TON FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      126

TABLE 74              >36 TON FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      126

TABLE 75              >36 TON FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)       127

TABLE 76              >36 TON FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)       127

TABLE 77              FORKLIFT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)            130

TABLE 78              FORKLIFT MARKET, BY END-USE INDUSTRY, 2025–2032 (UNITS)            130

TABLE 79              FORKLIFT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            131

TABLE 80              FORKLIFT MARKET, BY END-USE INDUSTRY, 2025–2032 (USD MILLION)            131

TABLE 81              THIRD-PARTY LOGISTICS: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)  132

TABLE 82              THIRD-PARTY LOGISTICS: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)  132

TABLE 83              THIRD-PARTY LOGISTICS: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)   132

TABLE 84              THIRD-PARTY LOGISTICS: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)   133

TABLE 85              FOOD & BEVERAGES: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         133

TABLE 86              FOOD & BEVERAGES: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         134

TABLE 87              FOOD & BEVERAGES: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)          134

TABLE 88              FOOD & BEVERAGES: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)          134

TABLE 89              AUTOMOTIVE: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            135

TABLE 90              AUTOMOTIVE: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            135

TABLE 91              AUTOMOTIVE: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            136

TABLE 92              AUTOMOTIVE: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            136

TABLE 93              E-COMMERCE: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            137

TABLE 94              E-COMMERCE: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            137

TABLE 95              E-COMMERCE: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            137

TABLE 96              E-COMMERCE: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            137

TABLE 97              AVIATION: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            138

TABLE 98              AVIATION: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            138

TABLE 99              AVIATION: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            139

TABLE 100            AVIATION: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            139

TABLE 101            PULP & PAPER: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            140

TABLE 102            PULP & PAPER: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            140

TABLE 103            PULP & PAPER: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            140

TABLE 104            PULP & PAPER: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            140

TABLE 105            CHEMICALS: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            141

TABLE 106            CHEMICALS: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            141

TABLE 107            CHEMICALS: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            142

TABLE 108            CHEMICALS: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            142

TABLE 109            HEALTHCARE: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            143

TABLE 110            HEALTHCARE: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            143

TABLE 111            HEALTHCARE: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            143

TABLE 112            HEALTHCARE: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            143

TABLE 113            SEMICONDUCTORS & ELECTRONICS: FORKLIFT MARKET, BY REGION,

2021–2024 (UNITS)            144

TABLE 114            SEMICONDUCTORS & ELECTRONICS: FORKLIFT MARKET, BY REGION,

2025–2032 (UNITS)            144

TABLE 115            SEMICONDUCTORS & ELECTRONICS: FORKLIFT MARKET, BY REGION,

2021–2024 (USD MILLION)            145

TABLE 116            SEMICONDUCTORS & ELECTRONICS: FORKLIFT MARKET, BY REGION,

2025–2032 (USD MILLION)            145

TABLE 117            METALS & HEAVY MACHINERY: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)               146

TABLE 118            METALS & HEAVY MACHINERY: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)               146

TABLE 119            METALS & HEAVY MACHINERY: FORKLIFT MARKET, BY REGION,

2021–2024 (USD MILLION)            146

TABLE 120            METALS & HEAVY MACHINERY: FORKLIFT MARKET, BY REGION,

2025–2032 (USD MILLION)            146

TABLE 121            OTHERS: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      147

TABLE 122            OTHERS: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      147

TABLE 123            OTHERS: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)       148

TABLE 124            OTHERS: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)       148

TABLE 125            TYPES OF FORKLIFT, BY CLASS 150

TABLE 126            FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                150

TABLE 127            FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                151

TABLE 128            CLASS 1 FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      151

TABLE 129            CLASS 1 FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      152

TABLE 130            CLASS 2 FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      152

TABLE 131            CLASS 2 FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      153

TABLE 132            CLASS 3 FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      153

TABLE 133            CLASS 3 FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      154

TABLE 134            CLASS 31 FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      154

TABLE 135            CLASS 31 FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      154

TABLE 136            CLASS 32 FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      155

TABLE 137            CLASS 32 FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      155

TABLE 138            CLASS 31 VS. CLASS 32 FORKLIFTS            156

TABLE 139            CLASS 4/5 FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      156

TABLE 140            CLASS 4/5 FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      157

TABLE 141            FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                159

TABLE 142            FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                159

TABLE 143            FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 160

TABLE 144            FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 160

TABLE 145            MANUAL FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      160

TABLE 146            MANUAL FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      161

TABLE 147            MANUAL FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)       161

TABLE 148            MANUAL FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)       161

TABLE 149          AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            162

TABLE 150          AUTONOMOUS FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            163

TABLE 151          AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            163

TABLE 152          AUTONOMOUS FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            163

TABLE 153            FORKLIFT MARKET, BY APPLICATION, 2021–2024 (UNITS)      165

TABLE 154            FORKLIFT MARKET, BY APPLICATION, 2025–2032 (UNITS)      165

TABLE 155            FORKLIFT MARKET, BY APPLICATION, 2021–2024 (USD MILLION)       166

TABLE 156            FORKLIFT MARKET, BY APPLICATION, 2025–2032 (USD MILLION)       166

TABLE 157            INDOOR FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      167

TABLE 158            INDOOR FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      167

TABLE 159            INDOOR FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)       167

TABLE 160            INDOOR FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)       167

TABLE 161            OUTDOOR FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            168

TABLE 162            OUTDOOR FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            168

TABLE 163            OUTDOOR FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            169

TABLE 164            OUTDOOR FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            169

TABLE 165            INDOOR & OUTDOOR FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         170

TABLE 166            INDOOR & OUTDOOR FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         170

TABLE 167            INDOOR & OUTDOOR FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)          170

TABLE 168            INDOOR & OUTDOOR FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)          171

TABLE 169            ELECTRIC FORKLIFT MARKET, BY BATTERY TYPE, 2021–2024 (UNITS)               173

TABLE 170            ELECTRIC FORKLIFT MARKET, BY BATTERY TYPE, 2025–2032 (UNITS)               173

TABLE 171            ELECTRIC FORKLIFT MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION)                174

TABLE 172            ELECTRIC FORKLIFT MARKET, BY BATTERY TYPE, 2025–2032 (USD MILLION)                174

TABLE 173            LITHIUM-ION ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         174

TABLE 174            LITHIUM-ION ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         175

TABLE 175            LITHIUM-ION ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)          175

TABLE 176            LITHIUM-ION ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)          175

TABLE 177            LEAD ACID ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         177

TABLE 178            LEAD ACID ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         177

TABLE 179            LEAD ACID ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)          177

TABLE 180            LEAD ACID ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)          178

TABLE 181            ELECTRIC FORKLIFT MARKET, BY LIFTING CAPACITY, 2021–2024 (UNITS)    180

TABLE 182            ELECTRIC FORKLIFT MARKET, BY LIFTING CAPACITY, 2025–2032 (UNITS)    181

TABLE 183            <2 TON ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         181

TABLE 184            <2 TON ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         182

TABLE 185            2–5 TON ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         182

TABLE 186            2–5 TON ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         183

TABLE 187            >5 TON ELECTRIC FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         184

TABLE 188            >5 TON ELECTRIC FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         184

TABLE 189            FORKLIFT MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)      186

TABLE 190            FORKLIFT MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)      186

TABLE 191            WAREHOUSE FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            187

TABLE 192            WAREHOUSE FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            187

TABLE 193            COUNTERBALANCE FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         188

TABLE 194            COUNTERBALANCE FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         188

TABLE 195            FORKLIFT MARKET, BY TIRE TYPE, 2021–2024 (UNITS)                191

TABLE 196            FORKLIFT MARKET, BY TIRE TYPE, 2025–2032 (UNITS)                191

TABLE 197            FORKLIFT MARKET, BY TIRE TYPE, 2021–2024 (USD MILLION) 192

TABLE 198            FORKLIFT MARKET, BY TIRE TYPE, 2025–2032 (USD MILLION) 192

TABLE 199            CUSHION FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)      192

TABLE 200            CUSHION FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)      193

TABLE 201            CUSHION FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)       193

TABLE 202            CUSHION FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)       193

TABLE 203            PNEUMATIC FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)            194

TABLE 204            PNEUMATIC FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)            194

TABLE 205            PNEUMATIC FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            195

TABLE 206            PNEUMATIC FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            195

TABLE 207            FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)                197

TABLE 208            FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)                197

TABLE 209            FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)            198

TABLE 210            FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)            198

TABLE 211            ASIA PACIFIC: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)            202

TABLE 212            ASIA PACIFIC: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)            202

TABLE 213            ASIA PACIFIC: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                 203

TABLE 214            ASIA PACIFIC: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                 203

TABLE 215            ASIA PACIFIC: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 203

TABLE 216            ASIA PACIFIC: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 203

TABLE 217          ASIA PACIFIC: FORKLIFT MARKET, BY COUNTRY, 2021–2024 (UNITS)            203

TABLE 218          ASIA PACIFIC: FORKLIFT MARKET, BY COUNTRY, 2025–2032 (UNITS)            204

TABLE 219          ASIA PACIFIC: FORKLIFT MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            204

TABLE 220          ASIA PACIFIC: FORKLIFT MARKET, BY COUNTRY, 2025–2032 (USD MILLION)            204

TABLE 221            CHINA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                205

TABLE 222            CHINA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                205

TABLE 223            CHINA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            206

TABLE 224            CHINA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            206

TABLE 225            CHINA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            206

TABLE 226            CHINA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            206

TABLE 227            INDIA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                207

TABLE 228            INDIA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                207

TABLE 229            INDIA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            207

TABLE 230            INDIA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            208

TABLE 231            INDIA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            208

TABLE 232            INDIA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            208

TABLE 233            JAPAN: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                209

TABLE 234            JAPAN: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                209

TABLE 235            JAPAN: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            209

TABLE 236            JAPAN: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            209

TABLE 237            JAPAN: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            210

TABLE 238            JAPAN: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            210

TABLE 239            SOUTH KOREA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)            211

TABLE 240            SOUTH KOREA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)            211

TABLE 241            SOUTH KOREA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                 211

TABLE 242            SOUTH KOREA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                 211

TABLE 243            SOUTH KOREA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 212

TABLE 244            SOUTH KOREA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 212

TABLE 245            EUROPE: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      216

TABLE 246            EUROPE: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      217

TABLE 247            EUROPE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            217

TABLE 248            EUROPE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            217

TABLE 249            EUROPE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            217

TABLE 250            EUROPE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            218

TABLE 251            EUROPE: FORKLIFT MARKET, BY COUNTRY, 2021–2024 (UNITS)            218

TABLE 252            EUROPE: FORKLIFT MARKET, BY COUNTRY, 2025–2032 (UNITS)            218

TABLE 253            EUROPE: FORKLIFT MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            219

TABLE 254            EUROPE: FORKLIFT MARKET, BY COUNTRY, 2025–2032 (USD MILLION)            219

TABLE 255            GERMANY: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      220

TABLE 256            GERMANY: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      220

TABLE 257            GERMANY: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            220

TABLE 258            GERMANY: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            221

TABLE 259            GERMANY: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            221

TABLE 260            GERMANY: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            221

TABLE 261            UK: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                222

TABLE 262            UK: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                222

TABLE 263            UK: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)      222

TABLE 264            UK: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)      222

TABLE 265            UK: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)       223

TABLE 266            UK: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)       223

TABLE 267            FRANCE: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      223

TABLE 268            FRANCE: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      224

TABLE 269            FRANCE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            224

TABLE 270            FRANCE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            224

TABLE 271            FRANCE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            224

TABLE 272            FRANCE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            224

TABLE 273            ITALY: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                225

TABLE 274            ITALY: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                225

TABLE 275            ITALY: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            225

TABLE 276            ITALY: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            226

TABLE 277            ITALY: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            226

TABLE 278            ITALY: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            226

TABLE 279            SPAIN: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                227

TABLE 280            SPAIN: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                227

TABLE 281            SPAIN: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            227

TABLE 282            SPAIN: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            227

TABLE 283            SPAIN: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            228

TABLE 284            SPAIN: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            228

TABLE 285            RUSSIA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      228

TABLE 286            RUSSIA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      229

TABLE 287            RUSSIA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            229

TABLE 288            RUSSIA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            229

TABLE 289            RUSSIA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            229

TABLE 290            RUSSIA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            229

TABLE 291            TURKEY: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      230

TABLE 292            TURKEY: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      230

TABLE 293            TURKEY: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            230

TABLE 294            TURKEY: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            231

TABLE 295            TURKEY: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            231

TABLE 296            TURKEY: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            231

TABLE 297            EASTERN EUROPE: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)             232

TABLE 298            EASTERN EUROPE: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)             232

TABLE 299            EASTERN EUROPE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                 232

TABLE 300            EASTERN EUROPE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                 232

TABLE 301            EASTERN EUROPE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 233

TABLE 302            EASTERN EUROPE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 233

TABLE 303          REST OF EUROPE: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)            233

TABLE 304          REST OF EUROPE: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)            234

TABLE 305            REST OF EUROPE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                 234

TABLE 306            REST OF EUROPE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                 234

TABLE 307            REST OF EUROPE: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 234

TABLE 308            REST OF EUROPE: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 234

TABLE 309            NORTH AMERICA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)             238

TABLE 310            NORTH AMERICA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)             239

TABLE 311            NORTH AMERICA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                 239

TABLE 312            NORTH AMERICA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                 239

TABLE 313            NORTH AMERICA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 239

TABLE 314            NORTH AMERICA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 239

TABLE 315            NORTH AMERICA: FORKLIFT MARKET, BY COUNTRY, 2021–2024 (UNITS)    240

TABLE 316            NORTH AMERICA: FORKLIFT MARKET, BY COUNTRY, 2025–2032 (UNITS)    240

TABLE 317            NORTH AMERICA: FORKLIFT MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     240

TABLE 318            NORTH AMERICA: FORKLIFT MARKET, BY COUNTRY, 2025–2032 (USD MILLION)     240

TABLE 319            US: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)                241

TABLE 320            US: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)                241

TABLE 321            US: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)      242

TABLE 322            US: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)      242

TABLE 323            US: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)       242

TABLE 324            US: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)       242

TABLE 325            MEXICO: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      243

TABLE 326            MEXICO: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      243

TABLE 327            MEXICO: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            243

TABLE 328            MEXICO: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            244

TABLE 329            MEXICO: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            244

TABLE 330            MEXICO: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            244

TABLE 331            CANADA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      245

TABLE 332            CANADA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      245

TABLE 333            CANADA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            245

TABLE 334            CANADA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            245

TABLE 335            CANADA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            246

TABLE 336            CANADA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            246

TABLE 337            REST OF THE WORLD: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)             249

TABLE 338            REST OF THE WORLD: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)             249

TABLE 339            REST OF THE WORLD: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                 249

TABLE 340            REST OF THE WORLD: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                 250

TABLE 341            REST OF THE WORLD: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 250

TABLE 342            REST OF THE WORLD: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 250

TABLE 343            REST OF THE WORLD: FORKLIFT MARKET, BY REGION, 2021–2024 (UNITS)         250

TABLE 344            REST OF THE WORLD: FORKLIFT MARKET, BY REGION, 2025–2032 (UNITS)         250

TABLE 345            REST OF THE WORLD: FORKLIFT MARKET, BY REGION, 2021–2024 (USD MILLION)          251

TABLE 346            REST OF THE WORLD: FORKLIFT MARKET, BY REGION, 2025–2032 (USD MILLION)          251

TABLE 347            AFRICA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)      251

TABLE 348            AFRICA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)      252

TABLE 349            AFRICA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)            252

TABLE 350            AFRICA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)            252

TABLE 351            AFRICA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION)            252

TABLE 352            AFRICA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION)            252

TABLE 353            AUSTRALIA & OCEANIA: FORKLIFT MARKET, BY CLASS, 2021–2024 (UNITS)             253

TABLE 354            AUSTRALIA & OCEANIA: FORKLIFT MARKET, BY CLASS, 2025–2032 (UNITS)             253

TABLE 355            AUSTRALIA & OCEANIA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (UNITS)                 254

TABLE 356            AUSTRALIA & OCEANIA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (UNITS)                 254

TABLE 357            AUSTRALIA & OCEANIA: FORKLIFT MARKET, BY OPERATION, 2021–2024 (USD MILLION) 254

TABLE 358            AUSTRALIA & OCEANIA: FORKLIFT MARKET, BY OPERATION, 2025–2032 (USD MILLION) 254

TABLE 359            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025        256

TABLE 360          FORKLIFT MARKET: DEGREE OF COMPETITION, 2024        257

TABLE 361            REGION FOOTPRINT     266

TABLE 362            PROPULSION FOOTPRINT           266

TABLE 363            OPERATION FOOTPRINT             267

TABLE 364            LIST OF START-UPS/SMES           269

TABLE 365            COMPETITIVE BENCHMARKING OF START-UPS/SMES           270

TABLE 366            FORKLIFT MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2025                271

TABLE 367            FORKLIFT MARKET: DEALS, 2021–2025    275

TABLE 368            FORKLIFT MARKET: EXPANSIONS, 2021–2025                 278

TABLE 369            TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW   280

TABLE 370            TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED    281

TABLE 371            TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS               282

TABLE 372            TOYOTA INDUSTRIES CORPORATION: DEALS                 284

TABLE 373            TOYOTA INDUSTRIES CORPORATION: EXPANSIONS     285

TABLE 374            TOYOTA INDUSTRIES CORPORATION: OTHER DEVELOPMENTS              285

TABLE 375            KION GROUP AG: COMPANY OVERVIEW                 287

TABLE 376            KION GROUP AG: PRODUCTS OFFERED                 288

TABLE 377            KION GROUP AG: PRODUCT LAUNCHES/DEVELOPMENTS    289

TABLE 378            KION GROUP AG: DEALS              291

TABLE 379            KION GROUP AG: EXPANSIONS 291

TABLE 380            JUNGHEINRICH AG: COMPANY OVERVIEW                 294

TABLE 381            JUNGHEINRICH AG: PRODUCTS OFFERED                 295

TABLE 382            JUNGHEINRICH AG: PRODUCT LAUNCHES/DEVELOPMENTS    296

TABLE 383            JUNGHEINRICH AG: DEALS         297

TABLE 384            JUNGHEINRICH AG: EXPANSIONS            298

TABLE 385            JUNGHEINRICH AG: OTHER DEVELOPMENTS                 300

TABLE 386            MITSUBISHI LOGISNEXT CO., LTD.: COMPANY OVERVIEW          302

TABLE 387            MITSUBISHI LOGISNEXT CO., LTD.: PRODUCTS OFFERED             303

TABLE 388            MITSUBISHI LOGISNEXT CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    304

TABLE 389            MITSUBISHI LOGISNEXT CO., LTD.: EXPANSIONS     306

TABLE 390            MITSUBISHI LOGISNEXT CO., LTD.: OTHER DEVELOPMENTS              306

TABLE 391            CROWN EQUIPMENT CORPORATION: COMPANY OVERVIEW   308

TABLE 392            CROWN EQUIPMENT CORPORATION: PRODUCTS OFFERED    308

TABLE 393            CROWN EQUIPMENT CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS               309

TABLE 394            CROWN EQUIPMENT CORPORATION: EXPANSIONS     311

TABLE 395            CROWN EQUIPMENT CORPORATION: OTHER DEVELOPMENTS              311

TABLE 396            HYSTER-YALE MATERIALS HANDLING: COMPANY OVERVIEW   313

TABLE 397            HYSTER-YALE MATERIALS HANDLING: PRODUCTS OFFERED    314

TABLE 398            HYSTER-YALE MATERIALS HANDLING: PRODUCT LAUNCHES/DEVELOPMENTS               315

TABLE 399            HYSTER-YALE MATERIALS HANDLING: DEALS                 317

TABLE 400            HYSTER-YALE MATERIALS HANDLING: OTHER DEVELOPMENTS              317

TABLE 401            CLARK MATERIAL HANDLING COMPANY: COMPANY OVERVIEW   318

TABLE 402            CLARK MATERIAL HANDLING COMPANY: PRODUCTS OFFERED    318

TABLE 403            CLARK MATERIAL HANDLING COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS               319

TABLE 404            CLARK MATERIAL HANDLING COMPANY: DEALS  320

TABLE 405            CLARK MATERIAL HANDLING COMPANY: OTHER DEVELOPMENTS              320

TABLE 406            HYUNDAI CONSTRUCTION EQUIPMENT: COMPANY OVERVIEW   321

TABLE 407            HYUNDAI CONSTRUCTION EQUIPMENT: PRODUCTS OFFERED    322

TABLE 408            HYUNDAI CONSTRUCTION EQUIPMENT: PRODUCT LAUNCHES/DEVELOPMENTS               323

TABLE 409            HYUNDAI CONSTRUCTION EQUIPMENT: DEALS  323

TABLE 410            HYUNDAI CONSTRUCTION EQUIPMENT: OTHER DEVELOPMENTS              324

TABLE 411            KOMATSU LTD.: COMPANY OVERVIEW 325

TABLE 412            KOMATSU LTD.: PRODUCTS OFFERED 326

TABLE 413            KOMATSU LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    327

TABLE 414            KOMATSU LTD.: DEALS 328

TABLE 415            BOBCAT COMPANY: COMPANY OVERVIEW                 329

TABLE 416            BOBCAT COMPANY: PRODUCTS OFFERED                 330

TABLE 417            BOBCAT COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS    331

TABLE 418            BOBCAT COMPANY: OTHER DEVELOPMENTS                 331

TABLE 419            KALMAR: COMPANY OVERVIEW                332

TABLE 420            ANHUI HELI CO., LTD.: COMPANY OVERVIEW                 333

TABLE 421            BYD COMPANY LTD.: COMPANY OVERVIEW                 334

TABLE 422            GODREJ MATERIAL HANDLING: COMPANY OVERVIEW          335

TABLE 423            EP EQUIPMENT: COMPANY OVERVIEW 336

TABLE 424            LONKING: COMPANY OVERVIEW             337

TABLE 425            HANGCHA FORKLIFT: COMPANY OVERVIEW                 338

TABLE 426            KONECRANES: COMPANY OVERVIEW    339

TABLE 427            COMBILIFT: COMPANY OVERVIEW         340

TABLE 428            VALLÉE: COMPANY OVERVIEW 341

TABLE 429            FLEXI NARROW AISLE: COMPANY OVERVIEW                 342

TABLE 430            MANITOU: COMPANY OVERVIEW            343

TABLE 431            HOIST MATERIAL HANDLING: COMPANY OVERVIEW          344

TABLE 432            AGILOX SERVICES GMBH: COMPANY OVERVIEW                 345

TABLE 433            E80 GROUP S.P.A.: COMPANY OVERVIEW                 346

TABLE 434            SCOTT AUTOMATION: COMPANY OVERVIEW                 347

TABLE 435            BASTIAN SOLUTIONS: COMPANY OVERVIEW                 348

TABLE 436            SEEGRID CORPORATION: COMPANY OVERVIEW                 349

TABLE 437            VECNA ROBOTICS: COMPANY OVERVIEW                 350

TABLE 438            MURATA MACHINERY, LTD.: COMPANY OVERVIEW          351

LIST OF FIGURES

FIGURE 1              FORKLIFT MARKET SEGMENTATION     30

FIGURE 2              RESEARCH DESIGN         35

FIGURE 3              RESEARCH DESIGN MODEL         36

FIGURE 4              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           39

FIGURE 5              BOTTOM-UP APPROACH              40

FIGURE 6              TOP-DOWN APPROACH                41

FIGURE 7              DATA TRIANGULATION                42

FIGURE 8              FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDES  43

FIGURE 9              KEY FACTORS IMPACTING FORKLIFT MARKET                 43

FIGURE 10            REPORT SUMMARY         46

FIGURE 11            FORKLIFT MARKET, BY REGION                47

FIGURE 12            FORKLIFT MARKET DYNAMICS 55

FIGURE 13            GLOBAL RETAIL E-COMMERCE SALES, 2020–2024 (USD BILLION)        56

FIGURE 14            MODULAR CONFIGURATION OPTIONS IN FORKLIFTS         62

FIGURE 15            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   65

FIGURE 16            AVERAGE SELLING PRICE TREND, BY REGION, 2021–2024 (USD)                66

FIGURE 17            ECOSYSTEM ANALYSIS  71

FIGURE 18            ECOSYSTEM MAP             73

FIGURE 19            SUPPLY CHAIN ANALYSIS             74

FIGURE 20            INVESTMENT AND FUNDING SCENARIO, 2021–2025        80

FIGURE 21            BATTERY CAPACITY VS. LIFTING CAPACITY                 82

FIGURE 22            LIFTING CAPACITY VS. LIFTING VOLTAGE                 82

FIGURE 23            BATTERY VOLTAGE VS. MARKET SIZE OF FORKLIFTS         83

FIGURE 24            BILL OF MATERIALS FOR FORKLIFTS     85

FIGURE 25            TOTAL COST OF OWNERSHIP FOR FORKLIFTS                 86

FIGURE 26            PATENTS ANALYSIS        89

FIGURE 27            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY OPERATION            109

FIGURE 28            KEY BUYING CRITERIA, BY PROPULSION                 110

FIGURE 29            FORKLIFT MARKET, BY PROPULSION, 2025 VS. 2032 (USD MILLION)       112

FIGURE 30            FORKLIFT MARKET, BY TONNAGE CAPACITY, 2025 VS. 2032 (USD MILLION)      120

FIGURE 31            FORKLIFT MARKET, BY END-USE INDUSTRY, 2025 VS. 2032 (USD MILLION)      129

FIGURE 32            FORKLIFT MARKET, BY CLASS, 2025 VS. 2032 (UNITS)                150

FIGURE 33            FORKLIFT MARKET, BY OPERATION, 2025 VS. 2032 (USD MILLION)       159

FIGURE 34            FORKLIFT MARKET, BY APPLICATION, 2025 VS. 2032 (USD MILLION)       165

FIGURE 35            ELECTRIC FORKLIFT MARKET, BY BATTERY TYPE, 2025 VS. 2032 (USD MILLION)         173

FIGURE 36            ELECTRIC FORKLIFT MARKET, BY LIFTING CAPACITY, 2025 VS. 2032 (UNITS)              180

FIGURE 37           FORKLIFT MARKET, BY PRODUCT TYPE, 2025 VS. 2032 (UNITS)      186

FIGURE 38            FORKLIFT MARKET, BY TIRE TYPE, 2025 VS. 2032 (USD MILLION) 191

FIGURE 39            FORKLIFT MARKET, BY REGION, 2025 VS. 2032 (USD MILLION) 197

FIGURE 40            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      199

FIGURE 41            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026              200

FIGURE 42            ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                200

FIGURE 43            ASIA PACIFIC: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP,

BY COUNTRY, 2024           201

FIGURE 44            ASIA PACIFIC: FORKLIFT MARKET SNAPSHOT                 202

FIGURE 45            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      213

FIGURE 46            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        214

FIGURE 47            EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026      214

FIGURE 48            EUROPE: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, BY COUNTRY, 2024     215

FIGURE 49            EUROPE: FORKLIFT MARKET SNAPSHOT                 216

FIGURE 50            NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024-2026                 236

FIGURE 51            NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026      236

FIGURE 52            NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                237

FIGURE 53            NORTH AMERICA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP,

BY COUNTRY, 2024           237

FIGURE 54            NORTH AMERICA: FORKLIFT MARKET SNAPSHOT          238

FIGURE 55            REST OF THE WORLD: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026  247

FIGURE 56            REST OF THE WORLD: GDP PER CAPITA, BY COUNTRY, 2024–2026      247

FIGURE 57            REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024-2026                 248

FIGURE 58            REST OF THE WORLD: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP,

BY COUNTRY     248

FIGURE 59            REST OF THE WORLD: FORKLIFT MARKET, 2025 VS. 2032 (USD MILLION)                249

FIGURE 60            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        258

FIGURE 61            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2024              260

FIGURE 62            COMPANY VALUATION (USD BILLION) 261

FIGURE 63            FINANCIAL METRICS (EV/EBITDA)          261

FIGURE 64            BRAND/PRODUCT COMPARISON             262

FIGURE 65            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  264

FIGURE 66            COMPANY FOOTPRINT 265

FIGURE 67            COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024                268

FIGURE 68            TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT   281

FIGURE 69            KION GROUP AG: COMPANY SNAPSHOT                 288

FIGURE 70            JUNGHEINRICH AG: COMPANY SNAPSHOT                 295

FIGURE 71            MITSUBISHI LOGISNEXT CO., LTD.: COMPANY SNAPSHOT          303

FIGURE 72            HYSTER-YALE MATERIALS HANDLING: COMPANY SNAPSHOT   314

FIGURE 73            HYUNDAI CONSTRUCTION EQUIPMENT: COMPANY SNAPSHOT   322

FIGURE 74            KOMATSU LTD.: COMPANY SNAPSHOT 326

FIGURE 75            BOBCAT COMPANY: COMPANY SNAPSHOT                 330