Who are the key players in US Forklift Market industry?

The top five players in the US forklift market are Toyota Material Handling, KION Group (Linde), Hyster-Yale Materials Handling, Mitsubishi Logisnext, and Crown Equipment Corporation. These companies lead the market with a strong focus on technological innovation, extensive distribution networks, and a wide range of forklift products serving diverse industries.

What is the US Forklift Market growth?

The US forklift market has experienced steady growth, with increasing demand driven by e-commerce and warehouse automation. In 2023, Toyota Material Handling announced a 10% year-over-year sales increase, reflecting the overall market expansion as businesses invest in efficient material handling solutions to boost productivity.

Which segment accounted for the largest US Forklift Market share?

The warehousing and logistics segment accounted for the largest market share in the US forklift market. The growth of e-commerce, as well as the expansion of third-party logistics (3PLs), has fueled significant demand for forklifts in distribution centers and warehouses for efficient material movement and storage.

What are the factors driving the US Forklift Market?

Key drivers include the growth of the e-commerce sector, increasing need for warehouse automation, and adoption of electric forklifts for sustainability. For example, Crown Equipment Corporation has launched energy-efficient electric forklift models to cater to shifting customer preferences and stricter environmental regulations.

Which type accounted for the largest US Forklift Market share?

Electric forklifts accounted for the largest share in the US forklift market. Rising environmental concerns, government incentives, and advancements in battery technology have rapidly increased adoption rates. Companies like Hyster-Yale are expanding their electric forklift portfolios to meet growing customer demand for greener material handling solutions.

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US Forklift Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

US Forklift Market: by Type (Counterbalance, Reach Truck, Pallet Jack, Order Picker, Rough Terrain, Others), Application (Manufacturing, Warehousing, Construction, Retail & Wholesale, Logistics, Others), Distribution Channels (Direct, Dealers & Distributors, Online, Leasing Companies, Integration Partners, Others), Technology (Electric, Internal Combustion Engine, Hybrid, Autonomous, Hydrogen-powered, Others), Organization Size (Small, Medium, Large) and By US Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 23-07-2025 | Format: PDF | Report ID:1453

Market Segmentation

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	South, Midwest, West, Northeast
Segments	By Type – Counterbalance, Reach Truck, Pallet Jack, Order Picker, Rough Terrain, Others; By Application – Manufacturing, Warehousing, Construction, Retail & Wholesale, Logistics, Others; By Technology – Electric, Internal Combustion Engine, Hybrid, Autonomous, Hydrogen-powered, Others; By Distribution Channel – Direct, Dealers & Distributors, Online, Leasing Companies, Integration Partners, Others; By Organization Size – Small, Medium, Large.
Players	Toyota Material Handling, KION Group, Mitsubishi Logisnext, Hyster-Yale Materials Handling, Crown Equipment Corporation, Komatsu Ltd., Jungheinrich AG, Clark Material Handling Company, Hyundai Heavy Industries, Doosan Corporation, Hangcha Group, Lonking Holdings, EP Equipment, Anhui Heli Co. Ltd., UniCarriers Americas Corporation

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Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
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»What factors are estimated to drive and restrain the market growth?
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»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Study period:

2020-2035

Base year:

2026

Historical data

2020-2024

NO OF PAGE:

167

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Market Segmentation

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	South, Midwest, West, Northeast
Segments	By Type – Counterbalance, Reach Truck, Pallet Jack, Order Picker, Rough Terrain, Others; By Application – Manufacturing, Warehousing, Construction, Retail & Wholesale, Logistics, Others; By Technology – Electric, Internal Combustion Engine, Hybrid, Autonomous, Hydrogen-powered, Others; By Distribution Channel – Direct, Dealers & Distributors, Online, Leasing Companies, Integration Partners, Others; By Organization Size – Small, Medium, Large.
Players	Toyota Material Handling, KION Group, Mitsubishi Logisnext, Hyster-Yale Materials Handling, Crown Equipment Corporation, Komatsu Ltd., Jungheinrich AG, Clark Material Handling Company, Hyundai Heavy Industries, Doosan Corporation, Hangcha Group, Lonking Holdings, EP Equipment, Anhui Heli Co. Ltd., UniCarriers Americas Corporation