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.
This report 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