Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), 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: ETC057876 | Publication Date: Feb 2021 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Forklift Trucks Market |
Forecast Period | 2025-2031 |
Market Size | USD 70.2 billion by 2031 |
CAGR | 6.9% |
Growing Sector | Automation and Robotics |
Europe Forklift Trucks Market report thoroughly covers the market By Countries, By Power Source, By Class, 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.
Europe Forklift Trucks Marketwas valued at USD 47.67 billion and is expected to reach USD 70.2 billion, growing at a CAGR of around 6.9% from 2025 to 2031.This reflects a Compound Annual Growth Rate (CAGR) of approximately 6.9% during the forecast period. The market’s expansion is driven by increasing industrialization, rising e-commerce activities, and heightened demand for efficient material handling solutions across various sectors. Technological advancements, including automation and integration of Internet of Things (IoT) in forklift trucks, also play a significant role in fostering market growth. Europe’s focus on sustainable practices further propels the demand for electric and eco-friendly forklifts. Key stakeholders in this market, such as manufacturers and distributors, are strategically focusing on innovation and partnerships to cater to the evolving needs of industries. The region's market exhibits strong potential for sustained growth and innovation.
The Europe Forklift Trucks Market is a dynamic sector that continues to grow, driven by advancements in automation and increased demand for efficient material handling solutions. The market is evolving with a shift toward electric forklifts, offering eco-friendly and cost-effective alternatives to traditional fuel-powered models. Technological innovations, including robotic forklifts and IoT integration, are enhancing operational efficiency and safety in warehouses and logistics. The expansion of e-commerce and global trade is also fueling the need for advanced forklifts to handle increased volumes in distribution centers. As industries modernize supply chains, the market is expected to continue its upward trajectory. Leading companies are investing in sustainable and high-tech solutions, further shaping the future of material handling equipment in Europe. This growing demand is set to contribute significantly to the market’s expansion in the coming years.
According to 6Wresearch, the Europe Forklift Trucks Market Size is expected to reach a significant CAGR of 6.9% during the forecast period 2025-2031. This significant increase is attributed to the rising demand for material handling equipment across various industries such as e-commerce, logistics, and manufacturing. With advancements in technology, the integration of automation and smart solutions in forklift trucks is also driving market expansion. The surge in warehouse operations due to growing online retail and supply chain activities further fuels this demand. Additionally, initiatives promoting energy-efficient and environmentally friendly vehicles are boosting the adoption of electric forklift trucks. The market's progress reflects the evolving needs of industries seeking efficient and sustainable solutions to enhance productivity while reducing operational costs.
Trend analysis in the forklift trucks market in Europe reveals a growing emphasis on sustainability and automation. Companies are increasingly investing in electrically powered forklifts to reduce carbon emissions and comply with stringent environmental regulations. Automation and smart technology integration, such as autonomous forklifts and IoT-enabled fleet management systems, are also accelerating. These advancements improve operational efficiency and lower long-term costs for businesses. Furthermore, the demand for compact and versatile forklift designs is rising, driven by the need to optimize warehouse spaces. The e-commerce boom is a critical factor fueling market dynamics, as it demands more efficient logistics operations. Overall, innovation and adaptability are shaping the competitive landscape in this sector.
Investment opportunities in Europe’s content intelligence industry are rapidly expanding, driven by the increasing demand for advanced data-driven solutions. Businesses across various sectors, including marketing, e-commerce, and media, are leveraging content intelligence tools to gain actionable insights and optimize decision-making processes. With the proliferation of technologies such as artificial intelligence (AI) and machine learning (ML), this sector is projected to grow significantly. Key markets within Europe, such as Germany, the United Kingdom, and France, serve as hubs for innovation and investment due to their robust digital infrastructure and skilled workforce. Early engagement in this evolving industry can provide investors with significant returns as digital transformation continues to shape business landscapes.
The Europe forklift trucks market is witnessing significant growth, driven by key players expanding their market presence through innovation and strategic partnerships. Leading companies such as Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Mitsubishi Logisnext Co., Ltd., and Crown Equipment Corporation dominate the market. These players focus on enhancing product efficiency, incorporating automation, and developing sustainable energy solutions, including electric and hydrogen-powered forklifts. Additionally, investments in research and development allow these firms to maintain a competitive edge and address evolving customer demands. Their commitment to technological advancements solidifies their position as market leaders in the highly competitive forklift truck industry.
Government regulations play a critical role in ensuring effective market performance by promoting fairness, transparency, and competition. These regulations aim to prevent monopolistic practices, protect consumer rights, and ensure ethical business conduct. By setting clear standards, governments help maintain stable economic environments, fostering trust among stakeholders. Regulatory frameworks often address areas such as antitrust laws, environmental compliance, and labor standards, safeguarding public interest and sustainable growth. Additionally, oversight mechanisms, such as financial reporting requirements, enable authorities to monitor market activity and mitigate risks. Effective enforcement of these regulations is essential to create a balanced marketplace that benefits businesses and consumers alike.
Future insights into the Europe forklift trucks market growth indicate steady advancement driven by increasing demand across various industries such as manufacturing, logistics, and retail. The evolving focus on automation and the adoption of electric-powered forklifts are key trends projected to accelerate market development. The government’s emphasis on sustainability is expected to bolster the adoption of eco-friendly forklifts, creating significant opportunities for innovation. Additionally, the rise in e-commerce operations necessitates efficient warehouse management, further driving market growth. Emerging technologies, such as IoT and telematics integration, are anticipated to enhance operational efficiency and safety, reshaping market dynamics over the coming years. These factors collectively demonstrate a promising trajectory for the industry's future.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is poised to lead the European forklift trucks market due to its robust industrial base and advanced manufacturing infrastructure. With a strong focus on innovation and automation across sectors like automotive, logistics, and warehousing, Germany consistently demands cutting-edge material handling solutions. The nation’s strategic emphasis on sustainability and electric vehicles further accelerates the adoption of eco-friendly forklift technologies. Additionally, supportive government policies promoting industrial development and technological advancements bolster market growth. Germany’s well-established supply chain networks and export-driven economy make it a critical player, solidifying its dominance in this competitive market.
According to Ravi Bhandari, Research Manager, 6Wresearch, electric-powered forklifts are set to dominate the market by power source, driven by the increasing emphasis on sustainability and energy efficiency. These forklifts offer significant advantages, including lower emissions, reduced operating costs, and compliance with stringent environmental regulations. The adoption of advanced battery technologies, such as lithium-ion, further enhances their performance, providing longer operation times and faster charging capabilities. The growing demand for eco-friendly solutions in industries like logistics, e-commerce, and manufacturing positions electric-powered forklifts as the preferred choice. Additionally, government incentives and corporate sustainability goals are accelerating the transition from traditional internal combustion engine models to electric alternatives.
Class 3 forklift trucks are expected to dominate the Europe forklift trucks market, driven by their compact design and efficiency in narrow spaces. These trucks are particularly well-suited for industries such as retail, logistics, and manufacturing, where the demand for material handling equipment in confined warehouse environments is high. Their electric-powered systems align with the growing focus on sustainability and emission regulations across Europe. Furthermore, advancements in battery technology are enhancing their operational efficiency and extending usage durations, further boosting their adoption. With their versatility and cost-effective operation, Class 3 forklifts are positioned as a leading choice for businesses seeking reliable material transport solutions.
The logistics sector is set to drive significant growth in the Europe forklift trucks market, owing to its increasing reliance on efficient material handling solutions. As e-commerce grows rapidly across the region, warehouses and distribution centers demand versatile and reliable equipment, such as forklift trucks, to streamline operations. Class 3 forklifts, in particular, are highly favored due to their suitability for narrow aisles and compact storage spaces. Additionally, supply chain optimization efforts and the need for faster turnaround times in freight handling are further propelling the adoption of forklift trucks in the logistics industry, ensuring sustained market dominance.
The market report has been segmented and sub-segmented into the following categories
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 Europe Forklift Trucks Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Forklift Trucks Market - Industry Life Cycle |
3.4 Europe Forklift Trucks Market - Porter's Five Forces |
3.5 Europe Forklift Trucks Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.7 Europe Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.8 Europe Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Europe Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Forklift Trucks Market Trends |
6 Europe Forklift Trucks Market, 2021 - 2031 |
6.1 Europe Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
6.2 Europe Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
6.3 Europe Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
7 Germany Forklift Trucks Market, 2021 - 2031 |
7.1 Germany Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
7.2 Germany Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
7.3 Germany Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
8 United Kingdom Forklift Trucks Market, 2021 - 2031 |
8.1 United Kingdom Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
8.2 United Kingdom Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
8.3 United Kingdom Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
9 France Forklift Trucks Market, 2021 - 2031 |
9.1 France Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
9.2 France Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
9.3 France Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
10 Italy Forklift Trucks Market, 2021 - 2031 |
10.1 Italy Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
10.2 Italy Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
10.3 Italy Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
11 Russia Forklift Trucks Market, 2021 - 2031 |
11.1 Russia Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
11.2 Russia Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
11.3 Russia Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
12 Spain Forklift Trucks Market, 2021 - 2031 |
12.1 Spain Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
12.2 Spain Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
12.3 Spain Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
13 Rest of Europe Forklift Trucks Market, 2021 - 2031 |
13.1 Rest of Europe Forklift Trucks Market, Revenues & Volume, By Power Source, 2021 - 2031 |
13.2 Rest of Europe Forklift Trucks Market, Revenues & Volume, By Class, 2021 - 2031 |
13.3 Rest of Europe Forklift Trucks Market, Revenues & Volume, By End Use, 2021 - 2031 |
14 Europe Forklift Trucks Market Key Performance Indicators |
15 Europe Forklift Trucks Market - Opportunity Assessment |
15.1 Europe Forklift Trucks Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
15.3 Europe Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
15.4 Europe Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
16 Europe Forklift Trucks Market - Competitive Landscape |
16.1 Europe Forklift Trucks Market Revenue Share, By Companies, 2024 |
16.2 Europe Forklift Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |