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Forklifts – 2023

A study on the electrification and autonomy trend of lifting trucks

The 4rd edition of the Interact Analysis market report on the global forklift industry. The report focuses on Class 1-5 forklifts mainly in manufacturing and logistics environments with electrification and autonomy trends.

Forklifts have seen new growth and demand in recent years driven by the rapid development of smart manufacturing and intelligent warehouses. External factors such as the strict emission standards and rising labor costs are also fueling demand, as the trend toward electrification becomes significant in the global forklift market.

What's in the report?

  • What was the size of the global forklift market in 2022 under the complex global economy? How fast will the market grow over the next ten years? What are the key drivers?
  • How much will supply chain issues affect the forklift truck market in 2023? How does it vary by region? What is the impact on pricing?
  • How the huge gap between orders and sales will develop? Will it impact the electrification trend?
  • Which class offer the greatest opportunity in next 10 years? How does this vary by region / country/powertrain?
  • How fast can lithium-ion batteries replace lead-acid batteries, and how much will lithium-ion battery forklifts account for the entire market by 2027/2032?
  • What was the market size of hydrogen fuel cell forklifts in 2022? How fast will the growth trend over the next decade? Will it compete with lithium-ion battery forklifts?
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