Latest Market Research Report 2025

The global  forklift market  is expected to reach USD 154.99 billion by 2030 and is anticipated to expand at a CAGR of 13.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The e-commerce industry has experienced significant growth due to factors such as increased disposable income, widespread internet access, and enhanced shopping convenience. This surge in online shopping, coupled with unpredictable shipping and shopping patterns, as well as direct-to-customer shipments, has led to a substantial increase in retail sales. Hence, this growth in retail sales has brought about a noticeable transformation in warehouse operations. Warehouses are tasked with fulfilling substantial orders for individual items. This shift necessitates greater efficiency among warehouse workers and forklifts in the processes of locating, selecting, and transporting goods within the warehouse space.   Manufacturers such as Toyota Material Handling and Hyster-Yal...

  Forklift Industry Overview The global forklift market size was valued at USD 65.16 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2030. The world is witnessing a significant increase in construction activities, highlighted by the expansion of road networks, the improvement of airports and seaports, and the modernization of rail systems. In the 2023-2024 annual budget of the Victoria state government in Australia, around AUD 9.3 billion (USD 6.18 billion) was projected to be allocated toward infrastructure and energy investments. This budget presents substantial prospects for the construction industry within the state. Gather more insights about the market drivers, restrains and growth of the   Forklift Market The growing emphasis on sustainability and the rising environmental concerns have propelled the need for eco-friendly alternatives and triggered a paradigm shift from gas-fired or diesel-fired forklifts to electric...