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Electric Forklifts Market

Global Electric Forklift Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 – (By Product Type, By Battery Type, By End-use, By Geographic Coverage and By Company)

Published Date: May 2025 | Format: | No. of Pages: 196

Industry: Automotive & Transport | Author Name: Chetan

2023 Updates Available

  
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FAQ : Electric Forklifts Market

The Electric Forklift Market is valued at US$ 60.9 billion in 2025, driven by accelerating electrification trends in the material handling industry.

Rising emphasis on zero-emission logistics, lower operating costs, and government incentives for sustainable warehouse equipment are major growth drivers for the electric forklift market.

Key players in the global electric forklift industry include Toyota Industries Corporation, Jungheinrich AG, KION Group AG, Hyster-Yale Materials Handling Inc., and Mitsubishi Logisnext Co., Ltd.

The market is projected to expand at a CAGR of 14.2% between 2025 and 2032, supported by strong demand across manufacturing, e-commerce, and cold chain sectors.

Emerging Economies Drive Demand Surge for Electric Forklifts Amid Industrial Growth and Sustainable Logistics Push.
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