Class 3 - Forklift Market Statistics, 2025 - 2033
The global class 3 forklift market size was valued at US$ 36,924.9 million in 2025 and is estimated to grow at a compound annual growth rate (CAGR) of 15.9% from 2025 to 2033.
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Class 3 - Forklift market highlights
- The global class 3 segment generated a revenue of USD 59,307.9 million in 2024 and is expected to reach USD 150,685.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 17.1% by 2030.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Market summary
| Market revenue in 2024 | USD 59,307.9 million |
| Market revenue in 2030 | USD 150,685.0 million |
| Growth rate | 17.1% (CAGR from 2025 to 2030) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
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Forklift Market Scope
Forklift market segmentation & scope

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