Brazil Forklift Market Size & Outlook, 2024-2030
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Brazil forklift market highlights
- The Brazil forklift market generated a revenue of USD 979.7 million in 2024 and is expected to reach USD 1,874.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.4% from 2025 to 2030.
- In terms of segment, electric was the largest revenue generating power source in 2024.
- Electric is the most lucrative power source segment registering the fastest growth during the forecast period.
Forklift market data book summary
| Market revenue in 2024 | USD 979.7 million |
| Market revenue in 2030 | USD 1,874.8 million |
| Growth rate | 11.4% (CAGR from 2024 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Internal Combustion, Electric |
| Key market players worldwide | Doosan Heavy Industries & Construction, Crown Holdings Inc, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, KION GROUP AG, Komatsu Ltd, Mitsubishi Corp, Toyota Motor Corp, Anhui Heli, Hangcha Forklift America |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.3% of the global forklift market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil forklift market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,874.8 million by 2030.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hangcha Forklift America | View profile | 11-50 | Charlotte, North Carolina, United States, North America | http://www.hcforkliftamerica.com |
| Anhui Heli | View profile | 5001-10000 | Hefei, Anhui, China, Asia | http://www.helichina.com |
| Doosan Heavy Industries & Construction | View profile | 5001-10000 | Changwon, Kyongsang-namdo, South Korea, Asia | http://www.doosanheavy.com/ |
| Hyster-Yale Materials Handling Inc Class A | View profile | 8600 | 5875 Landerbrook Drive, Suite 300, Cleveland, OH, United States, 44124-4069 | https://www.hyster-yale.com |
| Crown Holdings Inc | View profile | 25000 | 14025 Riveredge Drive, Suite 300, Tampa, FL, United States, 33637-2015 | https://www.crowncork.com |
| Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos | View profile | 48492 | Friedrich-Ebert-Damm 129, Hamburg, Germany, 22047 | https://www.jungheinrich.com |
| KION GROUP AG | View profile | 42325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | https://www.kiongroup.com |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
Brazil forklift market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to forklift market will help companies and investors design strategic landscapes.
Electric was the largest segment with a revenue share of 76.22% in 2024. Horizon Databook has segmented the Brazil forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil country is expected to witness increasing demand for forklifts owing to the growth of agriculture, mining, and manufacturing industries. Agriculture is one of the major industries in Brazil. The country is one of the major producers of citrus fruits, coffee, and sugarcane.
The increasing contribution of the agriculture industry and Agribusiness to the country’s economy presents lucrative opportunities for forklift dealers to deploy their forklift fleets across small and large-scale farms, thereby contributing to the market growth.
Heavy-duty pallet stackers and all-terrain forklifts are used for transporting hays, harvesting produce, and managing warehouses for storage, enabling easier operations and increase in efficiency.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil forklift market , including forecasts for subscribers. This country databook contains high-level insights into Brazil forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil forklift market size, by power source, 2018-2030 (US$M)
Brazil Forklift Market Outlook Share, 2024 & 2030 (US$M)
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