Electric Forklift Market

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.

Electric Forklift Market contains market size and forecasts of Electric Forklift in global, including the following market information:

Global Electric Forklift Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Electric Forklift Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Electric Forklift companies in 2021 (%)

The global Electric Forklift market was valued at 21730 million in 2021 and is projected to reach US$ 32120 million by 2028, at a CAGR of 5.7% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Electric counterbalanced forklift Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Electric Forklift include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha and Doosan Corporation Industrial Vehicle, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Forklift manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Electric Forklift Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Electric Forklift Market Segment Percentages, by Type, 2021 (%)

Electric counterbalanced forklift

Electric ride-type warehouse forklift

Electric walk-in warehouse forklift

Global Electric Forklift Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Electric Forklift Market Segment Percentages, by Application, 2021 (%)

Warehouses

Factories

Distribution Centers

Others

Global Electric Forklift Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Electric Forklift Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Electric Forklift revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Electric Forklift revenues share in global market, 2021 (%)

Key companies Electric Forklift sales in global market, 2017-2022 (Estimated), (Units)

Key companies Electric Forklift sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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