On Dec 25, the latest report "Global Electric Forklift Truck Market 2026 by Manufacturers, Regions, Types and Applications, Forecast to 2032" from Global Info Research provides a detailed and comprehensive analysis of the global Electric Forklift Truck market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors that are causing many market demand changes. The report also provides company profiles and product examples of some of the competitors, as well as market share estimates for some of the leading players in 2026.
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According to our (Global Info Research) latest study, the global Electric Forklift Truck market size was valued at US$ 22240 million in 2025 and is forecast to a readjusted size of USD million by 2032 with a CAGR of % during review period.
An Electric Forklift Truck is a material handling vehicle powered by batteries (typically lead-acid or lithium-ion) rather than internal combustion engines. Designed for indoor use and environmentally sensitive environments, electric forklifts are widely used in warehouses, manufacturing plants, retail centers, and logistics hubs due to their clean operation, lower noise, and lower maintenance requirements.
The Electric Forklift Truck market is experiencing strong, sustained growth driven by sustainability regulations, battery innovation, and the expansion of smart warehousing. With businesses increasingly shifting toward low-emission, efficient, and automated material handling solutions, electric forklifts are fast becoming the new industry standard. Companies that offer energy-efficient, digitally connected, and autonomous-ready forklifts are best positioned to lead this market transformation.
Market Trends
Shift to Lithium-ion Batteries: Rapid adoption due to longer battery life, fast charging, and zero maintenance. Integration of Smart Features: Telematics, fleet management, remote diagnostics, and operator monitoring systems. Sustainability Mandates: Companies adopting electric forklifts to meet carbon reduction and ESG goals. Growth of Autonomous Forklifts: Electric models are the base for AGVs and self-driving forklifts in smart warehouses. Rental and Fleet-as-a-Service Models: Shift from ownership to leasing for flexibility and reduced capex.
Key Market Drivers
Environmental Regulations: Ban on diesel-powered forklifts in indoor spaces and emissions control. Rising Warehouse Automation: E-commerce, 3PL, and retail sectors require clean and efficient MHE. Lower Total Cost of Ownership (TCO): Electric forklifts offer reduced energy costs and fewer maintenance needs. Government Incentives: Subsidies and tax benefits for adopting electric industrial equipment in several countries. Technological Advancements: Innovations in battery tech, power management, and safety features are boosting adoption.
This report is a detailed and comprehensive analysis for global Electric Forklift Truck market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.
Electric Forklift Truck market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type: Class 1、 Class 2、 Class 3、 Class 4/5
Market segment by Application: Warehouses、 Factories、 Distribution Centers、 Others
Major players covered: 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
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Forklift Truck product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Forklift Truck, with price, sales quantity, revenue, and global market share of Electric Forklift Truck from 2021 to 2026.
Chapter 3, the Electric Forklift Truck competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Forklift Truck breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment Electric Forklift Truck the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the Electric Forklift Truck sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2025.and Electric Forklift Truck market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Forklift Truck.
Chapter 14 and 15, to describe Electric Forklift Truck sales channel, distributors, customers, research findings and conclusion.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Forklift Truck
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
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