Forklifts - Global Top Players Market Share and Ranking 2025- YH Research

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Forklifts - Global Top Players Market Share and Ranking 2025

Publication Date: 2025-10-02
Report Id: 2490521
Industry: Machinery & Equipment
Report Page: 129
Chart: 126

PDF Download

Publication Date: 2025-10-02
Report Id: 2490521
Industry: Machinery & Equipment
Report Page: 129
Chart: 126

PDF Download

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Table of Contents
Description
Table of Figures
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1 Market Overview
1.1 Forklifts Definition
1.2 Global Forklifts Market Size and Forecast
1.2.1 By Consumption Value, Global Forklifts Market Size, 2020-2031
1.2.2 By Sales Quantity, Global Forklifts Market Size, 2020-2031
1.2.3 Global Forklifts Average Selling Price (ASP), 2020-2031
1.3 China Forklifts Market Size and Forecast
1.3.1 By Consumption Value, China Forklifts Market Size, 2020-2031
1.3.2 By Sales Quantity, China Forklifts Market Size, 2020-2031
1.3.3 China Forklifts Average Selling Price (ASP), 2020-2031
1.4 Share of China Forklifts Market with Respect to the Global Market
1.4.1 By Consumption Value, China Forklifts Market Share in Global, 2020-2031
1.4.2 By Sales Quantity, China Forklifts Market Share in Global, 2020-2031
1.4.3 Forklifts Market Size: China VS Global, 2020-2031
1.5 Forklifts Market Dynamics
1.5.1 Forklifts Market Drivers
1.5.2 Forklifts Market Restraints
1.5.3 Forklifts Industry Trends
1.5.4 Forklifts Industry Policy

2 Global Leading Manufacturers and Market Share
2.1 By Revenue of Forklifts, Global Market Share by Company, 2020-2025
2.2 By Sales Quantity of Forklifts, Global Market Share by Company, 2020-2025
2.3 Forklifts Average Selling Price (ASP) by Company, 2020-2025
2.4 Global Forklifts Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Forklifts Concentration Ratio
2.6 Global Forklifts Mergers & Acquisitions, Expansion Plans
2.7 Global Forklifts Manufacturers Product Type
2.8 Head Office and Forklifts Production Site of Key Manufacturer
2.9 Forklifts Capacity of Major Manufacturers and Future Plan

3 China Leading Manufacturers and Market Share
3.1 By Revenue of Forklifts, China Market Share by Company, 2020-2025
3.2 By Sales Quantity of Forklifts, China Market Share by Company, 2020-2025
3.3 China Forklifts Forklifts Participants, Market Position (Tier 1, Tier 2, and Tier 3)

4 Global Producing Regions
4.1 Global Forklifts Capacity, Output and Capacity Utilization, 2020-2031
4.2 Global Forklifts Capacity by Region
4.3 Global Forklifts Production & Forecast by Region, 2020 VS 2024 VS 2031
4.4 Global Forklifts Production by Region, 2020-2031
4.5 Global Forklifts Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis
5.1 Forklifts Industry Chain
5.2 Forklifts Upstream Analysis
5.2.1 Forklifts Core Raw Materials
5.2.2 Main Manufacturers of Forklifts Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Forklifts Production Mode
5.6 Forklifts Procurement Model
5.7 Forklifts Industry Sales Model and Sales Channels
5.7.1 Forklifts Sales Model
5.7.2 Forklifts Typical Distributors

6 Sights by Type
6.1 Forklifts Classification by Type
6.1.1 Class 1
6.1.2 Class 2
6.1.3 Class 3
6.1.4 Class 4 and 5
6.2 by Type, Global Forklifts Consumption Value & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Forklifts Consumption Value, 2020-2031
6.4 by Type, Global Forklifts Sales Quantity, 2020-2031
6.5 by Type, Global Forklifts Average Selling Price (ASP), 2020-2031

7 Sights by Application
7.1 Forklifts Segment by Application
7.1.1 Warehouses
7.1.2 Factories
7.1.3 Distribution Centers
7.1.4 Others
7.2 by Application, Global Forklifts Consumption Value & CAGR, 2020 VS 2024 VS 2031
7.3 by Application, Global Forklifts Consumption Value, 2020-2031
7.4 by Application, Global Forklifts Sales Quantity, 2020-2031
7.5 by Application, Global Forklifts Price, 2020-2031

8 Sales Sights by Region
8.1 By Region, Global Forklifts Consumption Value, 2020 VS 2024 VS 2031
8.2 By Region, Global Forklifts Consumption Value, 2020-2031
8.3 By Region, Global Forklifts Sales Quantity, 2020-2031
8.4 North America
8.4.1 North America Forklifts Market Size & Forecasts, 2020-2031
8.4.2 By Country, North America Forklifts Market Size Market Share
8.5 Europe
8.5.1 Europe Forklifts Market Size & Forecasts, 2020-2031
8.5.2 By Country, Europe Forklifts Market Size Market Share
8.6 Asia Pacific
8.6.1 Asia Pacific Forklifts Market Size & Forecasts, 2020-2031
8.6.2 By Country/Region, Asia Pacific Forklifts Market Size Market Share
8.7 South America
8.7.1 South America Forklifts Market Size & Forecasts, 2020-2031
8.7.2 By Country, South America Forklifts Market Size Market Share
8.8 Middle East & Africa

9 Sales Sights by Country Level
9.1 By Country, Global Forklifts Market Size & CAGR, 2020 VS 2024 VS 2031
9.2 By Country, Global Forklifts Consumption Value, 2020-2031
9.3 By Country, Global Forklifts Sales Quantity, 2020-2031
9.4 United States
9.4.1 United States Forklifts Market Size, 2020-2031
9.4.2 by Type, United States Forklifts Sales Quantity Market Share, 2024 VS 2031
9.4.3 by Application, United States Forklifts Sales Quantity Market Share, 2024 VS 2031
9.5 Europe
9.5.1 Europe Forklifts Market Size, 2020-2031
9.5.2 by Type, Europe Forklifts Sales Quantity Market Share, 2024 VS 2031
9.5.3 by Application, Europe Forklifts Sales Quantity Market Share, 2024 VS 2031
9.6 China
9.6.1 China Forklifts Market Size, 2020-2031
9.6.2 by Type, China Forklifts Sales Quantity Market Share, 2024 VS 2031
9.6.3 by Application, China Forklifts Sales Quantity Market Share, 2024 VS 2031
9.7 Japan
9.7.1 Japan Forklifts Market Size, 2020-2031
9.7.2 by Type, Japan Forklifts Sales Quantity Market Share, 2024 VS 2031
9.7.3 by Application, Japan Forklifts Sales Quantity Market Share, 2024 VS 2031
9.8 South Korea
9.8.1 South Korea Forklifts Market Size, 2020-2031
9.8.2 by Type, South Korea Forklifts Sales Quantity Market Share, 2024 VS 2031
9.8.3 by Application, South Korea Forklifts Sales Quantity Market Share, 2024 VS 2031
9.9 Southeast Asia
9.9.1 Southeast Asia Forklifts Market Size, 2020-2031
9.9.2 by Type, Southeast Asia Forklifts Sales Quantity Market Share, 2024 VS 2031
9.9.3 by Application, Southeast Asia Forklifts Sales Quantity Market Share, 2024 VS 2031
9.10 India
9.10.1 India Forklifts Market Size, 2020-2031
9.10.2 by Type, India Forklifts Sales Quantity Market Share, 2024 VS 2031
9.10.3 by Application, India Forklifts Sales Quantity Market Share, 2024 VS 2031
9.11 Middle East & Africa
9.11.1 Middle East & Africa Forklifts Market Size, 2020-2031
9.11.2 by Type, Middle East & Africa Forklifts Sales Quantity Market Share, 2024 VS 2031
9.11.3 by Application, Middle East & Africa Forklifts Sales Quantity Market Share, 2024 VS 2031

10 Manufacturers Profile
10.1 Toyota
10.1.1 Toyota Company Information, Head Office, Market Area, and Industry Position
10.1.2 Toyota Forklifts Models, Specifications, and Application
10.1.3 Toyota Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.1.4 Toyota Company Profile and Main Business
10.1.5 Toyota Recent Developments
10.2 Kion
10.2.1 Kion Company Information, Head Office, Market Area, and Industry Position
10.2.2 Kion Forklifts Models, Specifications, and Application
10.2.3 Kion Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.2.4 Kion Company Profile and Main Business
10.2.5 Kion Recent Developments
10.3 Jungheinrich
10.3.1 Jungheinrich Company Information, Head Office, Market Area, and Industry Position
10.3.2 Jungheinrich Forklifts Models, Specifications, and Application
10.3.3 Jungheinrich Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.3.4 Jungheinrich Company Profile and Main Business
10.3.5 Jungheinrich Recent Developments
10.4 Mitsubishi Logisnext
10.4.1 Mitsubishi Logisnext Company Information, Head Office, Market Area, and Industry Position
10.4.2 Mitsubishi Logisnext Forklifts Models, Specifications, and Application
10.4.3 Mitsubishi Logisnext Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.4.4 Mitsubishi Logisnext Company Profile and Main Business
10.4.5 Mitsubishi Logisnext Recent Developments
10.5 Crown Equipment
10.5.1 Crown Equipment Company Information, Head Office, Market Area, and Industry Position
10.5.2 Crown Equipment Forklifts Models, Specifications, and Application
10.5.3 Crown Equipment Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.5.4 Crown Equipment Company Profile and Main Business
10.5.5 Crown Equipment Recent Developments
10.6 Hyster-Yale
10.6.1 Hyster-Yale Company Information, Head Office, Market Area, and Industry Position
10.6.2 Hyster-Yale Forklifts Models, Specifications, and Application
10.6.3 Hyster-Yale Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.6.4 Hyster-Yale Company Profile and Main Business
10.6.5 Hyster-Yale Recent Developments
10.7 Anhui Heli
10.7.1 Anhui Heli Company Information, Head Office, Market Area, and Industry Position
10.7.2 Anhui Heli Forklifts Models, Specifications, and Application
10.7.3 Anhui Heli Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.7.4 Anhui Heli Company Profile and Main Business
10.7.5 Anhui Heli Recent Developments
10.8 Hangcha
10.8.1 Hangcha Company Information, Head Office, Market Area, and Industry Position
10.8.2 Hangcha Forklifts Models, Specifications, and Application
10.8.3 Hangcha Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.8.4 Hangcha Company Profile and Main Business
10.8.5 Hangcha Recent Developments
10.9 Clark Material Handling
10.9.1 Clark Material Handling Company Information, Head Office, Market Area, and Industry Position
10.9.2 Clark Material Handling Forklifts Models, Specifications, and Application
10.9.3 Clark Material Handling Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.9.4 Clark Material Handling Company Profile and Main Business
10.9.5 Clark Material Handling Recent Developments
10.10 Doosan Corporation Industrial Vehicle
10.10.1 Doosan Corporation Industrial Vehicle Company Information, Head Office, Market Area, and Industry Position
10.10.2 Doosan Corporation Industrial Vehicle Forklifts Models, Specifications, and Application
10.10.3 Doosan Corporation Industrial Vehicle Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.10.4 Doosan Corporation Industrial Vehicle Company Profile and Main Business
10.10.5 Doosan Corporation Industrial Vehicle Recent Developments
10.11 Komatsu
10.11.1 Komatsu Company Information, Head Office, Market Area, and Industry Position
10.11.2 Komatsu Forklifts Models, Specifications, and Application
10.11.3 Komatsu Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.11.4 Komatsu Company Profile and Main Business
10.11.5 Komatsu Recent Developments
10.12 Lonking
10.12.1 Lonking Company Information, Head Office, Market Area, and Industry Position
10.12.2 Lonking Forklifts Models, Specifications, and Application
10.12.3 Lonking Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.12.4 Lonking Company Profile and Main Business
10.12.5 Lonking Recent Developments
10.13 Hyundai Heavy Industries
10.13.1 Hyundai Heavy Industries Company Information, Head Office, Market Area, and Industry Position
10.13.2 Hyundai Heavy Industries Forklifts Models, Specifications, and Application
10.13.3 Hyundai Heavy Industries Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.13.4 Hyundai Heavy Industries Company Profile and Main Business
10.13.5 Hyundai Heavy Industries Recent Developments
10.14 EP Equipment
10.14.1 EP Equipment Company Information, Head Office, Market Area, and Industry Position
10.14.2 EP Equipment Forklifts Models, Specifications, and Application
10.14.3 EP Equipment Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.14.4 EP Equipment Company Profile and Main Business
10.14.5 EP Equipment Recent Developments
10.15 Manitou
10.15.1 Manitou Company Information, Head Office, Market Area, and Industry Position
10.15.2 Manitou Forklifts Models, Specifications, and Application
10.15.3 Manitou Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.15.4 Manitou Company Profile and Main Business
10.15.5 Manitou Recent Developments
10.16 Paletrans Equipment
10.16.1 Paletrans Equipment Company Information, Head Office, Market Area, and Industry Position
10.16.2 Paletrans Equipment Forklifts Models, Specifications, and Application
10.16.3 Paletrans Equipment Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.16.4 Paletrans Equipment Company Profile and Main Business
10.16.5 Paletrans Equipment Recent Developments
10.17 Combilift
10.17.1 Combilift Company Information, Head Office, Market Area, and Industry Position
10.17.2 Combilift Forklifts Models, Specifications, and Application
10.17.3 Combilift Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.17.4 Combilift Company Profile and Main Business
10.17.5 Combilift Recent Developments
10.18 Hubtex Maschinenbau
10.18.1 Hubtex Maschinenbau Company Information, Head Office, Market Area, and Industry Position
10.18.2 Hubtex Maschinenbau Forklifts Models, Specifications, and Application
10.18.3 Hubtex Maschinenbau Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.18.4 Hubtex Maschinenbau Company Profile and Main Business
10.18.5 Hubtex Maschinenbau Recent Developments
10.19 Godrej & Boyce
10.19.1 Godrej & Boyce Company Information, Head Office, Market Area, and Industry Position
10.19.2 Godrej & Boyce Forklifts Models, Specifications, and Application
10.19.3 Godrej & Boyce Forklifts Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.19.4 Godrej & Boyce Company Profile and Main Business
10.19.5 Godrej & Boyce Recent Developments

11 Conclusion

12 Appendix
12.1 Research Methodology
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Market Estimation Model
12.4 Disclaimer

According to YH Research, the global market for Forklifts should grow from US$ 33624 million in 2024 to US$ 43541 million by 2031, with a CAGR of 3.7% for the period of 2025-2031.

The strategic recalibration of 2025 U.S. tariff mechanisms is redefining global economic governance norms. This study deciphers the transmission mechanisms of tariff escalation pathways and global policy responses on corporate investment strategies, regional trade networks, and critical material supply architectures.

Forklifts

According to YH Research, the global market for Forklifts should grow from US$ 33624 million in 2024 to US$ 43541 million by 2031, with a CAGR of 3.7% for the period of 2025-2031.

Unit: US$ M

www.yhresearch.com

In-depth insight into market trends

Forklifts are industrial-powered vehicles designed to lift, move, and stack materials across short distances. Commonly used in logistics, warehousing, manufacturing, and construction, these machines improve material handling efficiency and workplace productivity.
2024, global sales reached approximately 2.3 million units, with an average global market price of around K US$ 13.5 per unit.

The Forklifts market is undergoing a major transformation driven by electrification, automation, and smart logistics. Strong demand from e-commerce, warehousing, and infrastructure sectors is boosting growth globally. Forklifts are evolving from traditional manual machines into connected, intelligent, and eco-friendly systems, positioning the market for sustained long-term expansion. Companies investing in electric and autonomous forklift solutions are likely to lead the future of material handling.

Key Trends
Electrification: Shift from internal combustion engines to electric-powered forklifts due to environmental concerns and operational efficiency. Automation & Smart Warehousing: Adoption of autonomous forklifts and AGVs (automated guided vehicles) in Industry 4.0 and smart factory environments. Battery Technology Advances: Increased use of lithium-ion batteries for faster charging and longer life. Integration of Telematics: Use of IoT and telematics for predictive maintenance, fleet optimization, and safety monitoring. Rise in E-commerce: Accelerated demand for warehouse automation and forklift fleets due to the global e-commerce boom.

Market Drivers
Growth in Global Warehousing & Logistics: Expansion of 3PL, retail distribution, and cold chain logistics. Construction & Infrastructure Development: High demand for forklifts at construction and industrial sites, especially in emerging economies. Environmental Regulations: Government push for cleaner, electric material handling equipment. Labor Shortage & Safety: Increasing need for mechanized lifting solutions due to labor shortages and safety standards. Urbanization & Smart City Initiatives: Demand for compact, agile forklifts suitable for urban warehousing and intralogistics.

This report studies and analyses global Forklifts status and future trends, helps the client to determine the Forklifts market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Forklifts, and provides market size (in K Units & US$ million) and Year-over-Year growth, considering 2024 as the base year.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

To assess the competitive environment within the market including supplier revenue, market share, and company profiles.

Highlights
(1) Global Forklifts market size, history data 2020-2025, and forecast data 2026-2031, (US$ million) & (K Units)
(2) Global Forklifts sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (K Units)
(3) China Forklifts sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (K Units)
(4) Global Forklifts key consuming regions, consumption quantity, consumption value and demand structure
(5) Global Forklifts key producing regions, capacity, production, and year over year growth
(6) Forklifts industry chains, upstream, midstream and downstream
Market segment by players, this report covers
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

Market segment by Type, covers
Class 1
Class 2
Class 3
Class 4 and 5

Market segment by Application, can be divided into
Warehouses
Factories
Distribution Centers
Others

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Report Includes:
Chapter 1: to describe Forklifts product scope, global sales quantity, value and average price, China sales quantity, value and average price, development opportunities, challenges, trends, and policies.
Chapter 2: Global Forklifts market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 3: China Forklifts market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 4: Global key producing regions of Forklifts, percent & CAGR, 2020-2031
Chapter 5: Forklifts industry chain, upstream, medium-stream, and downstream.
Chapter 6: Segment by Type, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 7: Segment by Application, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 8: Segment in regional level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 9: Segment in country level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 10: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, sales quantity, average price, revenue, gross margin.