Forklift Industry Outlook, 2020 – 2035 - Stalwart Research Insights
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The global forklift market was valued at USD 85,309.8 million in 2024and is estimated to reach USD 91,025.6 million in 2025, reflecting a growth rate of 6.7%. Growth is driven by the rise in demand for e-commerce globally, rapid automation in warehouses, and continuous replacement of ICE forklifts with both electric and hybrid.
The global forklift market was valued at USD 85,309.8 million in 2024and is estimated to reach USD 91,025.6 million in 2025, reflecting a growth rate of 6.7%. Growth is driven by the rise in demand for e-commerce globally, rapid automation in warehouses, and continuous replacement of ICE forklifts with both electric and hybrid.
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