North America Forklift Market Size & Outlook, 2024-2030
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North America forklift market highlights
- The North America forklift market generated a revenue of USD 10,926.5 million in 2024.
- The market is expected to grow at a CAGR of 11.2% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 10,926.5 million |
| Market revenue in 2030 | USD 20,671.9 million |
| Growth rate | 11.2% (CAGR from 2024 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, North America region accounted for 15.1% of the global forklift market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 79,178.2 million by 2030.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 73.51% in 2024. Horizon Databook has segmented the North America forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
The North America forklift market increasing adoption of forklifts in North America is attributed to several factors, such as the growing importance of sustainability, advancements in battery technology, and government initiatives.
Businesses in the region are recognizing electric forklifts’ long-term benefits, including lower operational costs and compliance with emission regulations.
As the trend toward sustainability continues to gain momentum and battery technology improves further, the electric forklift market is expected to witness sustained growth and become a mainstream choice for material handling across various industries in North America.
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Target buyers of North America forklift market databook
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Our clientele includes a mix of forklift market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America forklift market , including forecasts for subscribers. This continent databook contains high-level insights into North America forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America forklift market size, by country, 2018-2030 (US$M)
North America Forklift Market Outlook Share, 2024 & 2030 (US$M)
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