Market Forecast By Power Source (IC Engine Powered, Electric Powered), By Class (Class 1, Class 2, Class 3, Class 4, Class 5, Others), By End Use (Retail & Wholesale, Logistics, Automotive, Food Industry, Others) And Competitive Landscape
Product Code: ETC027295 | Publication Date: Oct 2020 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Australia Forklift Trucks Market |
Forecast period | 2025-2031 |
CAGR | 13.5% |
Growing Sector | Logistics |
The Australia Forklift Trucks Market report thoroughly covers the market by power source, by class, and by end use. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Australia forklift truck market is being driven by the rising adoption of specialised forklift trucks designed for specific material handling requirements in industries such as construction, mining, agriculture, and ports. Forklift trucks come in a variety of configurations, including counterbalance forklifts, reach trucks, pallet trucks, and order pickers, and are designed to maximise efficiency, productivity, and safety in a variety of operating settings. With ongoing investments in infrastructure development projects and technical developments in forklift truck design and automation, the Australian forklift truck market is expected to grow further.
According to 6Wresearch, the Australia Forklift Trucks Market size is expected to grow at a significant CAGR of 13.5% during the forecast period 2025-2031. Key drivers include the expanding warehouse and logistics sector in Australia, spurred by the growth in e-commerce and the increasing need for efficient inventory management and goods distribution. This demand has necessitated the adoption of forklift trucks to enhance operational efficiency and safety in material handling across various industries, including retail, manufacturing, and construction.
However, the market faces challenges, such as the high initial investment costs for advanced forklift trucks and the stringent safety regulations governing their operation. These factors can act as barriers to entry for small and medium-sized enterprises (SMEs) and may slow down Australia Forklift Trucks Market growth. Beside these challenges, the market is securing a massive growth underpinned by the integration of IoT (Internet of Things) and automation to enable smart warehousing solutions. The shift towards elIectric forklifts is becoming more pronounced, driven by the growing emphasis on sustainability and reducing carbon emissions in operations. These electric models offer the dual benefits of lower operating costs over time and minimal environmental impact, aligning with global trends towards greener business practices
Toyota Industries Corporation, Kion Group AG, Mitsubishi Logisnext, Crown Equipment Corporation, and Hyster-Yale Material Handling Inc. are among the top forklift truck manufacturers in Australia. These companies are well-known for their innovative forklift trucks and material handling systems, as well as their market presence.
Government initiatives in Australia aimed at promoting road safety, reducing vehicle emissions, and ensuring regulatory compliance in the operation of forklift trucks. Regulatory agencies set rules for vehicle design, performance, and emissions to ensure that forklift trucks meet safety and environmental requirements. Government measures encourage the use of cleaner fuel technologies, electrification, and hybrid propulsion systems to reduce emissions and the environmental impact of forklift truck operations. Policies may also cover operator licencing, vehicle registration, and roadworthiness inspections for forklift trucks operated in public and industrial contexts.
The evolution of logistics and warehousing methods, technical advancements, and the desire for effective material handling solutions all contribute to substantial growth and innovation in the Australia forklift truck market. To succeed in the forklift truck business, issues such as early investment costs and regulatory compliance must be overcome through teamwork, innovation, and a focus on client needs.
According to Ravi Bhandari, Research Head, 6Wresearch, electric-powered sources are predicted to be the fastest growing market category in the power generation industry. The growing emphasis on sustainable and renewable energy solutions, together with developments in electric power production technologies, is propelling the electric-powered segment of the market.
Class 2 is the industry's fastest growing segment. This category is likely to grow significantly as consumer preferences evolve, market dynamics change, and specialised marketing methods geared to this specific class of clients emerge.
The logistics sector is expanding the most rapidly. The growing demand for efficient supply chain management, technological improvements, and the rise of e-commerce are creating major growth potential in the logistics business.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Forklift Trucks Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Forklift Trucks Market - Industry Life Cycle |
3.4 Australia Forklift Trucks Market - Porter's Five Forces |
3.5 Australia Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Australia Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Australia Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Australia Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Forklift Trucks Market Trends |
6 Australia Forklift Trucks Market, By Types |
6.1 Australia Forklift Trucks Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Australia Forklift Trucks Market Revenues & Volume, By Power Source, 2021-2031F |
6.1.3 Australia Forklift Trucks Market Revenues & Volume, By IC Engine Powered, 2021-2031F |
6.1.4 Australia Forklift Trucks Market Revenues & Volume, By Electric Powered, 2021-2031F |
6.2 Australia Forklift Trucks Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Australia Forklift Trucks Market Revenues & Volume, By Class 1, 2021-2031F |
6.2.3 Australia Forklift Trucks Market Revenues & Volume, By Class 2, 2021-2031F |
6.2.4 Australia Forklift Trucks Market Revenues & Volume, By Class 3, 2021-2031F |
6.2.5 Australia Forklift Trucks Market Revenues & Volume, By Class 4, 2021-2031F |
6.2.6 Australia Forklift Trucks Market Revenues & Volume, By Class 5, 2021-2031F |
6.2.7 Australia Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Australia Forklift Trucks Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Australia Forklift Trucks Market Revenues & Volume, By Retail & Wholesale, 2021-2031F |
6.3.3 Australia Forklift Trucks Market Revenues & Volume, By Logistics, 2021-2031F |
6.3.4 Australia Forklift Trucks Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Australia Forklift Trucks Market Revenues & Volume, By Food Industry, 2021-2031F |
6.3.6 Australia Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
7 Australia Forklift Trucks Market Import-Export Trade Statistics |
7.1 Australia Forklift Trucks Market Export to Major Countries |
7.2 Australia Forklift Trucks Market Imports from Major Countries |
8 Australia Forklift Trucks Market Key Performance Indicators |
9 Australia Forklift Trucks Market - Opportunity Assessment |
9.1 Australia Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Australia Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Australia Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Australia Forklift Trucks Market - Competitive Landscape |
10.1 Australia Forklift Trucks Market Revenue Share, By Companies, 2024 |
10.2 Australia Forklift Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |