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Source document· January 29, 2026

Forklift Trucks Market Global Forecast Report 2025-2033 | Astute Analytica

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Forklift Trucks Market Global Forecast Report 2025-2033 | Astute Analytica Chicago, Jan. 29, 2026 (GLOBE NEWSWIRE) -- The global forklift trucks market was valued at 53.07 million in 2024 and is expected to reach US$ 102.87 million by 2033, growing at a CAGR of 7.49% from 2025 to 2033…

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Narrow-aisle reach trucks (≤1.6 m turning radius) captured 34% of 2024 purchase orders from online retailers
80% confidence
Class 3 electric pallet trucks currently command the highest shipment volume capturing over 36.70% market share
80% confidence
Demand forecasts show a 58% probability that warehouse automation budgets will prioritize forklift procurement ahead of AS/RS installations through 2026
80% confidence
Class III electric pallet movers with lithium-ion packs now command a 29% share of parcel sortation lines
80% confidence
Overall unit shipments on track to surpass 2.3 million in 2024, up 7% year on year
80% confidence
Global e-commerce parcel volumes surpassed 190 billion in 2023 and are estimated to top 220 billion in 2024
80% confidence
60% of 2024 procurement tenders stipulating IoT connectivity and data export to WMS/ERP platforms
80% confidence
China delivered roughly 1.15 million units in 2024, equal to about 45% of worldwide shipments
80% confidence
The global forklift trucks market was valued at 53.07 million in 2024 and is expected to reach US$ 102.87 million by 2033, growing at a CAGR of 7.49% from 2025 to 2033
80% confidence
Yangtze River Delta alone houses more than six hundred certified parts vendors clustered within a 250-kilometre radius of Hefei and Ningbo assembly plants
80% confidence
Warehousing footprints are expanding at roughly 14% annually, and every extra 10,000 m² of automated storage space requires on average, six lift trucks
80% confidence
Aftermarket services already comprise 34% of gross margins for distributors
80% confidence
Unit shipments to dedicated e-commerce facilities are rising at 11% growth rate, three times the rate of general manufacturing
80% confidence
In North America, 6.8 million m² of new fulfilment space came online in H1 2024, with another 9 million m² permitted
80% confidence
Autonomous forklifts utilizing SLAM, LiDAR, and 5G are scaling at an 18% growth rate
80% confidence
Lithium-ion share of new electric forklift sales forecast to clear 40% by 2026, up from 19% in 2020 and 27% in 2023
80% confidence