APO RESEARCH · REPORT
Electric Forklift Truck
Electric forklift truck is a forklift truck powered by an electric motor instead of an internal combustion (IC) engine.
Product & engineering
Understand the product.
Electric forklift truck is a forklift truck powered by an electric motor instead of an internal combustion (IC) engine.
Selected research
Industry Growth & Trends
Global Electric Forklift Truck Industry Growth and Trends Forecast to 2032
Market perspective
Electric forklift truck is a forklift truck powered by an electric motor instead of an internal combustion (IC) engine.
Global Electric Forklift Truck key manufacturers are Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Crown Equipment, Hyster-Yale, Anhui Heli and Hangcha, global top nine player have a share over 80 percent in 2019.
Report Scope
Read the full market overview
This report provides a structured, data-driven view of the global Electric Forklift Truck market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Electric Forklift Truck market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Electric Forklift Truck market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant toElectric Forklift Truck.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Electric Forklift Truck market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Electric Forklift Truck Market by Company
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
Electric Forklift Truck Segment by Type
Class 1 Forklift Trucks
Class 2 Forklift Trucks
Class 3 Forklift Trucks
Class 4/5 Forklift Trucks
Electric Forklift Truck Segment by Application
Warehouses
Factories
Distribution Centers
Others
Electric Forklift Truck Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Forklift Truck market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Electric Forklift Truck and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Electric Forklift Truck.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Forklift Truck manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electric Forklift Truck in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Class 1 Forklift Trucks
- Class 2 Forklift Trucks
- Class 3 Forklift Trucks
- Class 4/5 Forklift Trucks
Applications
- Warehouses
- Factories
- Distribution Centers
- Others
Companies 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
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Electric Forklift Truck Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Electric Forklift Truck Sales Estimates and Forecasts (2021-2032)
- 1.3 Electric Forklift Truck Market by Type
- 1.3.1 Class 1 Forklift Trucks
- 1.3.2 Class 2 Forklift Trucks
- 1.3.3 Class 3 Forklift Trucks
- 1.3.4 Class 4/5 Forklift Trucks
- 1.4 Global Electric Forklift Truck Market Size by Type
- 1.4.1 Global Electric Forklift Truck Market Size Overview by Type (2021-2032)
- 1.4.2 Global Electric Forklift Truck Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Electric Forklift Truck Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Electric Forklift Truck Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Electric Forklift Truck Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Electric Forklift Truck Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Electric Forklift Truck Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Electric Forklift Truck Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Electric Forklift Truck Industry Trends
- 2.2 Electric Forklift Truck Industry Drivers
- 2.3 Electric Forklift Truck Industry Opportunities and Challenges
- 2.4 Electric Forklift Truck Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Electric Forklift Truck Revenue (2021-2026)
- 3.2 Global Top Players by Electric Forklift Truck Sales (2021-2026)
- 3.3 Global Top Players by Electric Forklift Truck Price (2021-2026)
- 3.4 Global Electric Forklift Truck Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Electric Forklift Truck Major Company Production Sites & Headquarters
- 3.6 Global Electric Forklift Truck Company, Product Type & Application
- 3.7 Global Electric Forklift Truck Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Electric Forklift Truck Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Electric Forklift Truck Players Market Share by Revenue in 2025
- 3.8.3 2025 Electric Forklift Truck Tier 1, Tier 2, and Tier 3
4 Electric Forklift Truck Regional Status and Outlook
- 4.1 Global Electric Forklift Truck Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Electric Forklift Truck Historic Market Size by Region
- 4.2.1 Global Electric Forklift Truck Sales in Volume by Region (2021-2026)
- 4.2.2 Global Electric Forklift Truck Sales in Value by Region (2021-2026)
- 4.2.3 Global Electric Forklift Truck Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Electric Forklift Truck Forecasted Market Size by Region
- 4.3.1 Global Electric Forklift Truck Sales in Volume by Region (2027-2032)
- 4.3.2 Global Electric Forklift Truck Sales in Value by Region (2027-2032)
- 4.3.3 Global Electric Forklift Truck Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Electric Forklift Truck by Application
- 5.1 Electric Forklift Truck Market by Application
- 5.1.1 Warehouses
- 5.1.2 Factories
- 5.1.3 Distribution Centers
- 5.1.4 Others
- 5.2 Global Electric Forklift Truck Market Size by Application
- 5.2.1 Global Electric Forklift Truck Market Size Overview by Application (2021-2032)
- 5.2.2 Global Electric Forklift Truck Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Electric Forklift Truck Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Electric Forklift Truck Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Electric Forklift Truck Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Electric Forklift Truck Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Electric Forklift Truck Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Electric Forklift Truck Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Toyota
- 6.1.1 Toyota Company Information
- 6.1.2 Toyota Business Overview
- 6.1.3 Toyota Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Toyota Electric Forklift Truck Product Portfolio
- 6.1.5 Toyota Recent Developments
- 6.2 Kion
- 6.2.1 Kion Company Information
- 6.2.2 Kion Business Overview
- 6.2.3 Kion Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Kion Electric Forklift Truck Product Portfolio
- 6.2.5 Kion Recent Developments
- 6.3 Jungheinrich
- 6.3.1 Jungheinrich Company Information
- 6.3.2 Jungheinrich Business Overview
- 6.3.3 Jungheinrich Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Jungheinrich Electric Forklift Truck Product Portfolio
- 6.3.5 Jungheinrich Recent Developments
- 6.4 Mitsubishi Logisnext
- 6.4.1 Mitsubishi Logisnext Company Information
- 6.4.2 Mitsubishi Logisnext Business Overview
- 6.4.3 Mitsubishi Logisnext Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Mitsubishi Logisnext Electric Forklift Truck Product Portfolio
- 6.4.5 Mitsubishi Logisnext Recent Developments
- 6.5 Crown Equipment
- 6.5.1 Crown Equipment Company Information
- 6.5.2 Crown Equipment Business Overview
- 6.5.3 Crown Equipment Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Crown Equipment Electric Forklift Truck Product Portfolio
- 6.5.5 Crown Equipment Recent Developments
- 6.6 Hyster-Yale
- 6.6.1 Hyster-Yale Company Information
- 6.6.2 Hyster-Yale Business Overview
- 6.6.3 Hyster-Yale Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Hyster-Yale Electric Forklift Truck Product Portfolio
- 6.6.5 Hyster-Yale Recent Developments
- 6.7 Anhui Heli
- 6.7.1 Anhui Heli Company Information
- 6.7.2 Anhui Heli Business Overview
- 6.7.3 Anhui Heli Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Anhui Heli Electric Forklift Truck Product Portfolio
- 6.7.5 Anhui Heli Recent Developments
- 6.8 Hangcha
- 6.8.1 Hangcha Company Information
- 6.8.2 Hangcha Business Overview
- 6.8.3 Hangcha Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Hangcha Electric Forklift Truck Product Portfolio
- 6.8.5 Hangcha Recent Developments
- 6.9 Clark Material Handling
- 6.9.1 Clark Material Handling Company Information
- 6.9.2 Clark Material Handling Business Overview
- 6.9.3 Clark Material Handling Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Clark Material Handling Electric Forklift Truck Product Portfolio
- 6.9.5 Clark Material Handling Recent Developments
- 6.10 Doosan Corporation Industrial Vehicle
- 6.10.1 Doosan Corporation Industrial Vehicle Company Information
- 6.10.2 Doosan Corporation Industrial Vehicle Business Overview
- 6.10.3 Doosan Corporation Industrial Vehicle Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Doosan Corporation Industrial Vehicle Electric Forklift Truck Product Portfolio
- 6.10.5 Doosan Corporation Industrial Vehicle Recent Developments
- 6.11 Komatsu
- 6.11.1 Komatsu Company Information
- 6.11.2 Komatsu Business Overview
- 6.11.3 Komatsu Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Komatsu Electric Forklift Truck Product Portfolio
- 6.11.5 Komatsu Recent Developments
- 6.12 Lonking
- 6.12.1 Lonking Company Information
- 6.12.2 Lonking Business Overview
- 6.12.3 Lonking Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Lonking Electric Forklift Truck Product Portfolio
- 6.12.5 Lonking Recent Developments
- 6.13 Hyundai Heavy Industries
- 6.13.1 Hyundai Heavy Industries Company Information
- 6.13.2 Hyundai Heavy Industries Business Overview
- 6.13.3 Hyundai Heavy Industries Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Hyundai Heavy Industries Electric Forklift Truck Product Portfolio
- 6.13.5 Hyundai Heavy Industries Recent Developments
- 6.14 EP Equipment
- 6.14.1 EP Equipment Company Information
- 6.14.2 EP Equipment Business Overview
- 6.14.3 EP Equipment Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 EP Equipment Electric Forklift Truck Product Portfolio
- 6.14.5 EP Equipment Recent Developments
- 6.15 Manitou
- 6.15.1 Manitou Company Information
- 6.15.2 Manitou Business Overview
- 6.15.3 Manitou Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Manitou Electric Forklift Truck Product Portfolio
- 6.15.5 Manitou Recent Developments
- 6.16 Paletrans Equipment
- 6.16.1 Paletrans Equipment Company Information
- 6.16.2 Paletrans Equipment Business Overview
- 6.16.3 Paletrans Equipment Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Paletrans Equipment Electric Forklift Truck Product Portfolio
- 6.16.5 Paletrans Equipment Recent Developments
- 6.17 Combilift
- 6.17.1 Combilift Company Information
- 6.17.2 Combilift Business Overview
- 6.17.3 Combilift Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 Combilift Electric Forklift Truck Product Portfolio
- 6.17.5 Combilift Recent Developments
- 6.18 Hubtex Maschinenbau
- 6.18.1 Hubtex Maschinenbau Company Information
- 6.18.2 Hubtex Maschinenbau Business Overview
- 6.18.3 Hubtex Maschinenbau Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 Hubtex Maschinenbau Electric Forklift Truck Product Portfolio
- 6.18.5 Hubtex Maschinenbau Recent Developments
- 6.19 Godrej & Boyce
- 6.19.1 Godrej & Boyce Company Information
- 6.19.2 Godrej & Boyce Business Overview
- 6.19.3 Godrej & Boyce Electric Forklift Truck Sales, Revenue and Gross Margin (2021-2026)
- 6.19.4 Godrej & Boyce Electric Forklift Truck Product Portfolio
- 6.19.5 Godrej & Boyce Recent Developments
7 North America by Country
- 7.1 North America Electric Forklift Truck Sales by Country
- 7.1.1 North America Electric Forklift Truck Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Electric Forklift Truck Sales by Country (2021-2026)
- 7.1.3 North America Electric Forklift Truck Sales Forecast by Country (2027-2032)
- 7.2 North America Electric Forklift Truck Market Size by Country
- 7.2.1 North America Electric Forklift Truck Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Electric Forklift Truck Market Size by Country (2021-2026)
- 7.2.3 North America Electric Forklift Truck Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Electric Forklift Truck Sales by Country
- 8.1.1 Europe Electric Forklift Truck Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Electric Forklift Truck Sales by Country (2021-2026)
- 8.1.3 Europe Electric Forklift Truck Sales Forecast by Country (2027-2032)
- 8.2 Europe Electric Forklift Truck Market Size by Country
- 8.2.1 Europe Electric Forklift Truck Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Electric Forklift Truck Market Size by Country (2021-2026)
- 8.2.3 Europe Electric Forklift Truck Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Electric Forklift Truck Sales by Country
- 9.1.1 Asia-Pacific Electric Forklift Truck Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Electric Forklift Truck Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Electric Forklift Truck Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Electric Forklift Truck Market Size by Country
- 9.2.1 Asia-Pacific Electric Forklift Truck Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Electric Forklift Truck Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Electric Forklift Truck Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Electric Forklift Truck Sales by Country
- 10.1.1 South America Electric Forklift Truck Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Electric Forklift Truck Sales by Country (2021-2026)
- 10.1.3 South America Electric Forklift Truck Sales Forecast by Country (2027-2032)
- 10.2 South America Electric Forklift Truck Market Size by Country
- 10.2.1 South America Electric Forklift Truck Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Electric Forklift Truck Market Size by Country (2021-2026)
- 10.2.3 South America Electric Forklift Truck Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Electric Forklift Truck Sales by Country
- 11.1.1 Middle East and Africa Electric Forklift Truck Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Electric Forklift Truck Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Electric Forklift Truck Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Electric Forklift Truck Market Size by Country
- 11.2.1 Middle East and Africa Electric Forklift Truck Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Electric Forklift Truck Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Electric Forklift Truck Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Electric Forklift Truck Value Chain Analysis
- 12.1.1 Electric Forklift Truck Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Electric Forklift Truck Production Mode & Process
- 12.2 Electric Forklift Truck Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Electric Forklift Truck Distributors
- 12.2.3 Electric Forklift Truck Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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