Europe Forklift Market Size & Outlook, 2026-2033
Global Market
Related Markets
Europe forklift market highlights
- The Europe forklift market generated a revenue of USD 25,673.3 million in 2025.
- The market is expected to grow at a CAGR of 12.5% from 2026 to 2033.
- In terms of segment, electric was the largest revenue generating power source in 2025.
- Electric is the most lucrative power source segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 25,673.3 million |
| Market revenue in 2033 | USD 65,806.8 million |
| Growth rate | 12.5% (CAGR from 2026 to 2033) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| 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, Europe region accounted for 31.5% of the global forklift market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 108,119.0 million by 2033.
Forklift market in Europe is expected to witness significant growth over the forecast period owing to the increasing demand for sustainable supply-chain solutions, the rising global awareness of climate change, and the need for sustainable practices.
The concept of a sustainable supply chain has gained significant momentum in Europe, with various businesses focusing on reducing their carbon footprint and promoting eco-friendly practices throughout their operations.
As part of their corporate social responsibility initiatives, companies are increasingly opting for electric forklifts to align with their sustainability goals and demonstrate their commitment to environmentally conscious practices.
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Publish Date: Dec 09, 2025
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Komatsu Ltd | View profile | 70,608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | www.komatsu.jp |
| Mitsubishi Corp | View profile | 105,267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | www.mitsubishicorp.com |
| Toyota Motor Corp | View profile | 380,793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | www.global.toyota |
| KION GROUP AG | View profile | 42,325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | www.kiongroup.com |
| Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos | View profile | 48,492 | Friedrich-Ebert-Damm 129, Hamburg, Germany, 22047 | www.jungheinrich.com |
| Crown Holdings Inc | View profile | 25,000 | 14025 Riveredge Drive, Suite 300, Tampa, FL, United States, 33637-2015 | www.crowncork.com |
| Hyster-Yale Materials Handling Inc Class A | View profile | 8,600 | 5875 Landerbrook Drive, Suite 300, Cleveland, OH, United States, 44124-4069 | www.hyster-yale.com |
| Doosan Heavy Industries & Construction | View profile | 5001-10000 | Changwon, Kyongsang-namdo, South Korea, Asia | www.doosanheavy.com/ |
| Anhui Heli | View profile | 5001-10000 | Hefei, Anhui, China, Asia | www.helichina.com |
| Hangcha Forklift America | View profile | 11-50 | Charlotte, North Carolina, United States, North America | www.hcforkliftamerica.com |
Europe 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 Outlook will help companies and investors design strategic landscapes.
Electric was the largest segment with a revenue share of 98.91% in 2025.
Horizon Databook has segmented the Europe forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2021 to 2033.
Forklift market in Europe is expected to witness significant growth over the forecast period owing to the increasing demand for sustainable supply-chain solutions, the rising global awareness of climate change, and the need for sustainable practices.
The concept of a sustainable supply chain has gained significant momentum in Europe, with various businesses focusing on reducing their carbon footprint and promoting eco-friendly practices throughout their operations.
As part of their corporate social responsibility initiatives, companies are increasingly opting for electric forklifts to align with their sustainability goals and demonstrate their commitment to environmentally conscious practices.
- Europe Forklift Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Internal Combustion
- Electric
- Europe Forklift Market Class Outlook (Revenue, USD Million , 2021-2033)
- Class 1
- Class 2
- Class 3
- Class 4/5
- Europe Forklift Market Tons Outlook (Revenue, USD Million , 2021-2033)
- Below 5 Ton
- 5-15 Ton
- Above 16 Ton
- Europe Forklift Market End use Outlook (Revenue, USD Million , 2021-2033)
- Industrial
- Logistics
- Chemical
- Food & Beverage
- Retail & E-Commerce
- Others End Use
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Forklift Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Forklift Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Forklift Market, 2021-2033 (US$M)
Europe forklift market statistics, by power source, 2021-2033 (US$M)
