Here are the key takeaways from the Forklift Trucks Market report you shared (Fortune Business Insights, Report ID: FBI101541):
Market size and growth
- 2024 volume: 2,328.9 thousand units
- 2025 volume: 2,520.8 thousand units; 2032 volume: 4,904.9 thousand units
- Forecast period: 2025–2032
- Growth rates: ~10% CAGR by volume; ~11.1% CAGR by value (USD), indicating mix/price tailwinds
Regional highlights
- Asia Pacific leads with 43.58% share in 2024
- U.S. projected to reach ~586.3 thousand units by 2032, supported by e-commerce growth and warehouse optimization
- Coverage spans North America, Europe, Asia Pacific, Middle East & Africa, South America, with detailed country breakouts
Segmentation
By Type (OSHA Classes):
- Class I (Electric Rider), Class II (Narrow Aisle), Class III (Electric Hand), Class IV (ICE—Cushion Tire), Class V (ICE—Pneumatic Tire)
By End-User Industry:
- Mining, Manufacturing, Retail & Wholesale, Logistics (excl. e-commerce), E-commerce, Construction, Automotive, Food & Beverages, Natural Resources, Others (Chemicals)
Demand drivers
- E-commerce expansion and DC/warehouse densification
- Productivity and safety improvements (telematics, fleet management)
- Electrification momentum for indoor and sustainability use cases
Trends
- Rapid adoption of lithium‑ion batteries: higher energy density, faster charging, lower maintenance, safety and TCO benefits
- Automation adjacency: integration with AGVs/AMRs, warehouse orchestration, and advanced operator assistance
COVID-19 context
- Initial demand dip during lockdowns, followed by recovery driven by e-commerce and inventory repositioning
Key players (selection)
- Toyota Industries, KION Group, Jungheinrich, Hyster‑Yale, Crown, Clark, Mitsubishi Heavy Industries, Hangcha, Anhui Heli, Cargotec
Study parameters
- Study period 2019–2032; base year 2024; historical 2019–2023; coverage in both value (USD) and volume (units)
Source notes
- Main page updated Apr 14, 2025; segmentation/infographics pages dated Sept 29, 2025
Would you like an executive one‑pager, a slide deck, or a spreadsheet model (units/value by region/type/end‑use) based on this report? I can also benchmark specific competitors or highlight the electrification opportunity by end‑use.