Italy Forklift Market Size & Outlook, 2024-2030
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Italy forklift market highlights
- The Italy forklift market generated a revenue of USD 1,381.7 million in 2024 and is expected to reach USD 2,516.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 10.5% 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 1,381.7 million |
| Market revenue in 2030 | USD 2,516.9 million |
| Growth rate | 10.5% (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, Italy accounted for 1.9% of the global forklift market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany forklift market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 14,186.3 million by 2030.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 80% in 2024. Horizon Databook has segmented the Italy forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
In Italy, several end-use industries, such as chemical, logistics, and textile, have diverse material handling requirements for storing, shipping, and moving products. Forklifts offer excellent adaptability and versatility to cater to these varying needs.
Forklifts can handle a wide range of tasks, from indoor warehousing and manufacturing facilities to outdoor loading and unloading operations, offering flexibility and efficiency to industries with diverse operational demands.
For instance, in April 2023, Linde Material Handling, a subsidiary of KION Group AG, announced the launch of Linde X and E models for electric forklifts with a load capacity range of 3.5 tons – 5 tons. These electric forklifts are suitable for applications in the chemical, timber, beverage, and paper industries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy forklift market , including forecasts for subscribers. This country databook contains high-level insights into Italy forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy forklift market size, by power source, 2018-2030 (US$M)
Italy Forklift Market Outlook Share, 2024 & 2030 (US$M)
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