Manufacturing & Construction

Forklift Trucks Market

By Segment, By Region, And Segment Forecasts, 2019 – 2035

Vertical: UNKBase Year: 2019

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Executive Summary

Forklift Trucks Market — Snapshot

  • Market Size (2019)

    2019

    $73.56B

  • Projected (2035)

    2035

    $176.86B

  • CAGR (2019–2035)

    5.6%

    5.6%
  • Key Players

    100+

This report covers Forklift Trucks Market with forecasts from 2019 to 2035. 100 key companies are profiled.

Key Insight

The Forklift Trucks Market market is projected to grow at a CAGR of 5.6% from 2019 to 2035.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 3 regions: North America, Europe, Rest of World.
  • Market Segmentation: The market is analyzed across key segments with forecasts from 2019 to 2035.
  • Competitive Landscape: 100 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Million)

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Market Overview

Forklift Trucks Market — Growth Trajectory

Analysis of Forklift Trucks Market from 2019 to 2035. Covers North America, Europe, Rest of World.

Market Size Trend (USD Million)

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Market Dimensions

How this market is segmented

  • Segmentation The Forklift Trucks Market market is analyzed across multiple dimensions with regional breakdowns.

Geographic Analysis

Regional market breakdown

  • North America North America market size reached $13.14B in 2019 and is projected to reach $29.50B by 2035, growing at a CAGR of 5.2%.
  • Europe Europe market size reached $18.90B in 2019 and is projected to reach $44.65B by 2035, growing at a CAGR of 5.5%.
  • Rest of World Rest of World market size reached $4.68B in 2019 and is projected to reach $9.53B by 2035, growing at a CAGR of 4.6%.

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Research Methodology

Forklift Trucks Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

  • Base Year

    2019

  • Historical Period

    2019 – 2019

  • Forecast Period

    2019 – 2035

  • Primary Interviews

    150+

Research Process

Historical data (2019–2019) and forecast period (2019–2035)

1

Problem Definition

  • Market scoping
  • Objective setting
  • Framework design
2

Secondary Research

  • Literature review
  • Data mining
  • Trend analysis
3

Primary Research

  • Expert interviews
  • Field visits
  • Surveys
4

Data Analysis

  • Quantitative modeling
  • Statistical testing
  • Validation
5

Insights & Reporting

  • Synthesis
  • Recommendations
  • Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)
Forecast (modelled)

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Quantitative Analysis

Regional Breakdown

Regional market breakdown for Forklift Trucks Market.

Regional Market Size (USD Million)

Market estimates by geography (2035)

North America
Europe
Rest of World
USD Million

InsightEurope leads with $44.65B by 2035.

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Regional Market Data

REGION201920192035CAGRSHARE
North America$13.14B$17.54B$29.50B5.2%35%
Europe$18.90B$25.79B$44.65B5.5%53%
Rest of World$4.68B$5.99B$9.53B4.6%11%
Total$36.72B$49.31B$83.68B5.6%100%

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Analytics

Forklift Trucks Market — Key Findings

Analytical insights on Forklift Trucks Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The Forklift Trucks Market market is projected to reach $176.86B by 2035, growing at 5.6% CAGR.

Market Dynamics

The Forklift Trucks Market market encompasses 3 key regions and multiple market segments, with the study period spanning 2019 to 2035. The market demonstrates a 5.6% compound annual growth rate, reflecting strong underlying demand fundamentals.

The market is segmented across multiple dimensions, with detailed breakdowns available by component, region, and application type to support strategic planning and investment decisions.

Competitive Landscape

This report profiles 100 key companies operating in the Forklift Trucks Market market, covering market positioning, product portfolios, and recent developments.

Leading players include , and 95 others.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Companies

Key companies profiled in Forklift Trucks Market

Profiles of 100 companies operating in the Forklift Trucks Market market, including revenue, employee count, and market positioning where available.

Showing 100 of 100 companies

Toppan Hol

Toppan Holdings Inc

Manufacturing & Construction

Company Headquarters: Bunkyo-ku, Tokyo, Japan Founded: 1900 Workforce: ~53,712 Company Working: Toppan Holdings Inc. is a diversified Japanese multinational corporation headquartered in Tokyo, renowned for its innovative applications of printing technologies across various industries. Founded in 1900, the company has evolved from a traditional printing firm into a one of the leading information and communication, living and industry, and electronics sectors. In October 2023, Toppan transitioned to a holding company structure, adopting the name Toppan Holdings Inc. This strategic reorganization aims to enhance group governance, accelerate synergy creation, and drive digital and sustainable transformation initiatives. In April 2025, TOPPAN Holdings Inc acquired Sonoco Products Company (Sonoco) Thermoformed & Flexibles Packaging business. Sonoco is one of the global leading high-value sustainable packaging company. Toppan's business is structured into three primary segments: § Information & Communication: Offers commercial printing services, security solutions, and business process outsourcing. § Living & Industry: Provides packaging materials, décor products, and functional materials for various applications. § Electronics: Develops photomasks, colour filters, and other components essential for semiconductor and display technologies. With operations spanning Asia, North America, Europe, and other regions, Toppan continues to expand its global footprint. The company's commitment to sustainability and innovation positions it as a key player in addressing contemporary societal and industrial challenges

Revenue$12.3B
Employees53,712
Market CapN/A
Founded1899
Bunkyo-ku, Tokyo, Japan
H&E Equipm

H&E Equipment Services Inc

Manufacturing & Construction

Company Headquarters: Los Angeles, United States Founded: 1961 Workforce: ~ 2,157 Company Working: H&E Equipment Services Inc (H&E Equipment) is an integrated equipment company that provides rentals and sales services. The company rents, sells and provides parts and service support for new and used earthmoving equipment, material handling, forestry, concrete, industrial and heavy equipment. It offers rental equipment such as hi-lift and aerial platform equipment, cranes, light towers, industrial and material lifts, bulldozers and cement mixers generators, among others. H&E Equipment offers services such as fleet maintenance, remanufacturing, structural repair and operator and safety training, among others. The Equipment Rentals segment rents construction and industrial equipment. The New Equipment Sales segment sells new equipment in product categories. The Used Equipment Sales segment offers rental fleet and inventoried equipment that are acquired through trade-ins with its equipment customers and through purchases of high quality used equipment. The company operates through its offices in Alabama, Arizona, Arkansas, California, Colorado, Florida and other states in the US. H&E Equipment is headquartered in Baton Rouge, Louisiana, the US.

Revenue$1.1B
Employees2,157
Market CapN/A
Founded1960
Los Angeles, United States
Nishio Ren

Nishio Rent All Co Ltd

Manufacturing & Construction

Company Headquarters: Osaka, Japan Founded: 1959 Workforce: ~ 4,463 Company Working: Nishio Rent All Co Ltd (Nishio) is a provider of equipment rental services. It offers rentals and uses sales equipment for civil and road construction, civil work, and large scale projects; plant maintenance and building works; and events and exhibitions. The company designs, fabricates, installs, and operates muddy wastewater treatment equipment and contaminated soil remediation systems. Nishio manufactures, rents, and sells battery motorized vehicles for tunnel and inside premises works. The company offers different forklifts, aerial platforms, work platforms, tower cranes, and maintenance equipment. It also rents equipment for exhibitions and equipment & materials for outdoor events. Furthermore, it also sells various parts and equipment; and provides inspection and onsite repair services for large-scale projects. The company also sells, rents, and installs sports flooring material produced by Connor Sport Court. The company offers its solutions and services through 416 rental operation divisions and 55 franchise operation chain stores in Japan. The company has a presence in Australia, China, Indonesia, Malaysia, Philippines, Vietnam, Singapore, Thailand, and Other countries. Nishio is headquartered in Osaka, Osaka, Japan.

Revenue$1.4B
Employees4,463
Market CapN/A
Founded1958
Osaka, Japan
Kanamoto C

Kanamoto Co., Ltd.

Manufacturing & Construction

Company Headquarters: Hokkaido, Japan Founded: 1964 Workforce: ~ 3,832 Company Working: Kanamoto Co., Ltd. is an equipment rental services company that provides construction equipment, engineering workstations and computer peripherals. The company operates through various business segments such as construction equipment rental business, steel product sales business, computing products, and other businesses. Its construction equipment's includes hydraulic excavators, vehicles for working high off the ground, dump trucks, temporary housing materials and generators. It owns approximately 460 different models and 400,000 construction equipment rental items. The company has over 160 branches throughout Japan and 280 branches globally. Kanamoto also provides rental services of efficient hardware and a broad range of network solutions. The company offers steel products such as H-beams, sheet piles, formed reinforcing bars and single-tube pipes. It provides construction equipment rentals in Vietnam, Algeria, the UAE and the Pacific Rim region. The company operates in Sapporo and Tokyo, Japan.

Revenue$1.7B
Employees3,832
Market CapN/A
Founded1963
Hokkaido, Japan
Ashtead Gr

Ashtead Group plc

Manufacturing & Construction

Company Headquarters: London, United Kingdom Founded: 1947 Workforce: ~ 22,807 Company Working: Ashtead Group plc is a U.K.-based provider of equipment rental services. The company rents an entire range of industrial and construction equipment to a diverse customer base for numerous applications. It offers rental industrial equipment to clients such as construction firms, government agencies, homeowners, broadcasters, and railroads. Ashtead Group PLC engages in equipment rental services. It offers a full range of construction and industrial equipment used in lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat, and ventilated operations. It operates through the following segments: Sunbelt, A-Plant, and Corporate Items. The company also offers equipment tracking with the help of mobile tracking systems. Ashtead Group plc primarily operates in the U.S., Canada, and U.K. It operates under brands Sunbelt Rentals in North America, which includes 811 stores in 46 states and Canada, and A-Plant in the U.K., which includes 197 stores across England, Scotland, and Wales. The U.S. continues to be the biggest and fastest growing market as it is potentially five times bigger than the U.K. market. The company operates through three business segments: Sunbelt US, Sunbelt UK, and Sunbelt Canada. As of April 2022, the company had 1,233 rental stores, more than 900,000 rental assets and 800,000 customers.

Revenue$6.4B
Employees22,807
Market CapN/A
Founded1946
London, United Kingdom
Herc Renta

Herc Rentals Inc.

Manufacturing & Construction

Company Headquarters: Florida, United States Founded: 1965 Workforce: ~ 4,800 Company Working: Herc Rentals Inc. is a premier, full-service equipment rental firm that provides their customers the equipment, services and solutions they need to achieve optimal performance safely, efficiently and effectively. The company has than 50 years of equipment rental expertise, approximately 4,800 employees and approximately 275 company-operated locations primarily in the United States and Canada. The company offers rental equipment such as aerial equipment, concrete and masonry equipment, air equipment, electrical tools and equipment, earthmoving equipment, lawn and garden equipment, safety equipment, material handling equipment, general equipment, and specialty equipment. Herc Rentals serves a broad range of customer markets, including large and small companies in construction; industrial customers such as large industrial manufacturing plants, refineries and petrochemical operations; and other customers such as governmental entities and government contractors, disaster recovery and remediation firms, infrastructure, railroads , utility operators, individual homeowners, entertainment production companies, agricultural producers, special event management and facility management firms. The company is also engaged in the sales of new as well as used equipment. It operates in the U.S., Canada, and other countries globally. Market presence in 39 states in the United States and 8 provinces in Canada. Herc Rentals Inc. officially separated from Hertz Global Holdings in July 2016.

Revenue$1.8B
Employees4,800
Market CapN/A
Founded1964
Florida, United States
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About the Author

Construction Equipment Research Team

Manufacturing & Construction · Construction Equipment

Wantstats' manufacturing and construction analysts wrote this report using primary project data, supplier interviews, and our own proprietary tracking of capacity and demand. Every number here has gone through internal review before publication. This report specifically covers the Construction Equipment space within that portfolio.

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Mark Irwin

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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Forklift Trucks Market

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