Global Electric Forklift Market Insights and Forecast to 2028

Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations.

Compared with internal combustion forklifts, electric forklifts have advantages such as less pollution, easier to operate and higher energy efficiency. Along with the development of economy and the enhancement of environmental protection consciousness, the industry of electric forklift has experienced a rapid growth.
Market Analysis and Insights: Global Electric Forklift Market
Due to the COVID-19 pandemic, the global Electric Forklift market size is estimated to be worth US$ 22490 million in 2022 and is forecast to a readjusted size of US$ 31910 million by 2028 with a CAGR of 6.0% during the review period. Fully considering the economic change by this health crisis, Electric counterbalanced forklift accounting for % of the Electric Forklift global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Warehouses segment is altered to an % CAGR throughout this forecast period.
The major players in global Electric Forklift market include Toyota, Kion, Jungheinrich, etc. The top 3 players occupy about 40% shares of the global market. Europe is the main market, and occupies about 50% of the global market. Electric walk-in warehouse forklift is the main type, with a share about 60%. Warehouses is the main application, which holds a share about 50%.
In terms of production side, this report researches the Electric Forklift capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Electric Forklift by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Electric Forklift Scope and Segment
Electric Forklift market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Electric Forklift market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Electric counterbalanced forklift
Electric ride-type warehouse forklift
Electric walk-in warehouse forklift
Segment by Application
Warehouses
Factories
Distribution Centers
Others
By Company
Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Hyster-Yale
Crown Equipment
Anhui Heli
Hangcha
Doosan Corporation Industrial Vehicle
Clark Material Handling
Komatsu
Hyundai Heavy Industries
Combilift
Lonking
EP Equipment
Hubtex Maschinenbau
Paletrans Equipment
Godrej & Boyce
Production by Region
North America
Europe
China
Japan
South Korea
India
Latin America
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE