U.K. Forklift Market Size & Outlook, 2026-2033
Global Market
Related Markets
UK forklift market highlights
- The UK forklift market generated a revenue of USD 6,944.6 million in 2025 and is expected to reach USD 21,324.6 million by 2033.
- The UK market is expected to grow at a CAGR of 15.2% 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.
Forklift market data book summary
| Market revenue in 2025 | USD 6,944.6 million |
| Market revenue in 2033 | USD 21,324.6 million |
| Growth rate | 15.2% (CAGR from 2026 to 2033) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 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, UK accounted for 8.5% of the global forklift market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Europe, Germany forklift market is projected to lead the regional market in terms of revenue in 2033.
- UK is the fastest growing regional market in Europe and is projected to reach USD 21,324.6 million by 2033.
The U.K. forklift market retail and e-commerce sectors in the U.K. are driven by the growing consumer demand for environmentally responsible practices. To align with this trend, retailers and e-commerce businesses are actively investing in forklifts to create a more sustainable supply chain.
Electric forklifts offer a cleaner and quieter alternative to internal combustion engine models, providing a seamless material handling experience within retail distribution centers and e-commerce fulfillment warehouses.
The manufacturing sector in the U.K. has witnessed significant advancements in battery technology, specifically tailored to electric forklifts. Lithium-ion batteries, with their higher energy density and fast charging capabilities, offer enhanced productivity and reduced downtime, which makes them suitable for the fast-paced and demanding nature of manufacturing environments.
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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 |
U.K. 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 102.76% in 2025.
Horizon Databook has segmented the U.K. forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2021 to 2033.
The U.K. forklift market retail and e-commerce sectors in the U.K. are driven by the growing consumer demand for environmentally responsible practices. To align with this trend, retailers and e-commerce businesses are actively investing in forklifts to create a more sustainable supply chain.
Electric forklifts offer a cleaner and quieter alternative to internal combustion engine models, providing a seamless material handling experience within retail distribution centers and e-commerce fulfillment warehouses.
The manufacturing sector in the U.K. has witnessed significant advancements in battery technology, specifically tailored to electric forklifts. Lithium-ion batteries, with their higher energy density and fast charging capabilities, offer enhanced productivity and reduced downtime, which makes them suitable for the fast-paced and demanding nature of manufacturing environments.
- U.K. Forklift Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- Internal Combustion
- Electric
- U.K. Forklift Market Class Outlook (Revenue, USD Million , 2021-2033)
- Class 1
- Class 2
- Class 3
- Class 4/5
- U.K. Forklift Market Tons Outlook (Revenue, USD Million , 2021-2033)
- Below 5 Ton
- 5-15 Ton
- Above 16 Ton
- U.K. 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 country-level data and insights on the U.K. Forklift Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Forklift Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
U.K. Forklift Market, 2021-2033 (US$M)
UK forklift market statistics, by power source, 2021-2033 (US$M)
