North America Forklift Market Size & Outlook, 2026-2033
Global Market
Related Markets
North America forklift market highlights
- The North America forklift market generated a revenue of USD 11,942.7 million in 2025.
- The market is expected to grow at a CAGR of 12.8% 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, Canada is expected to register the highest CAGR from 2026 to 2033.
North America data book summary
| Market revenue in 2025 | USD 11,942.7 million |
| Market revenue in 2033 | USD 30,502.0 million |
| Growth rate | 12.8% (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, North America region accounted for 14.7% 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.
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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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 |
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 Outlook will help companies and investors design strategic landscapes.
Electric was the largest segment with a revenue share of 82.22% in 2025.
Horizon Databook has segmented the North America forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2021 to 2033.
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.
- North America Forklift Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Internal Combustion
- Electric
- North America Forklift Market Class Outlook (Revenue, USD Million , 2021-2033)
- Class 1
- Class 2
- Class 3
- Class 4/5
- North America Forklift Market Tons Outlook (Revenue, USD Million , 2021-2033)
- Below 5 Ton
- 5-15 Ton
- Above 16 Ton
- North America 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 North America Forklift Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Forklift Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
North America Forklift Market, 2021-2033 (US$M)
North America forklift market statistics, by power source, 2021-2033 (US$M)
