Nice — here’s a focused, citation-backed market reference for the Forklift (lift-truck) market, organized exactly to your headings and including top companies with the values I could confirm from industry sources.

This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Forklift market.

This holistic report presented by the report is also determined to cater to all the market specific information and a take on business analysis and key growth steering best industry practices that optimize million-dollar opportunities amidst staggering competition in Forklift market.

Read complete report at: https://www.thebrainyinsights.com/report/forklift-market-13025

Forklift market — quick summary (key numbers)

• Global market size / outlook: ~USD 85.2 billion (2024) with strong growth forecasts (examples: to ~USD 125.4B by 2030, CAGR ≈ 6–7% in several reports). 

• Electric / EV forklifts: Electric/lithium-ion segment growing rapidly; several sources treat electrification as the primary growth vector. One estimate places the electric forklift market at USD 85.1B (2024) within electric-specific reporting.

Recent Development

• Rapid electrification (Li-ion adoption), plus OEM rollouts of new electric models and battery-as-a-service offerings. 

• Automation & fleet digitization (AGVs/AMRs, telematics, predictive maintenance) accelerating because of e-commerce and labor shortages. 

• Company-level moves & restructuring (example: Jungheinrich sold its Russian unit in 2025 and revised forecasts).

Drivers

• E-commerce & 3PL expansion driving demand for material-handling equipment and automation. 

• Regulatory and corporate sustainability targets pushing replacement of ICE forklifts with electric models.

• Labor shortages and cost pressure encouraging automation and telematics adoption.

Restraints

• High upfront cost for automated/EV systems and charging infrastructure (capex barrier for smaller users). 

• Safety concerns and workplace redesign needs — some manufacturers/large plants are even exploring forklift-free layouts. (US example: manufacturers reducing forklift use for safety). 

Regional segmentation analysis

• Asia-Pacific: largest regional volume and manufacturing base (strong unit sales and OEM presence — Chinese OEM expansion noted). APAC leads on unit shipments. 

• Europe: large value per unit (higher electrification penetration) and strong aftermarket / rental markets.

• North America: fast adoption of electric forklifts in warehouses; significant aftermarket and rental revenues (North America ~USD 10.9B in 2024 in one regional outlook). 

Emerging Trends

• Li-ion batteries replacing lead-acid in many segments (faster charge, smaller footprint). 

• Fleet electrification + charging ecosystems and battery leasing/subscriptions.

• Integration with warehouse automation (AGVs/AMRs, WMS integration, AI navigation). 

• Chinese OEMs expanding internationally, intensifying competition on price and scale.

Top Use Cases

• E-commerce distribution centers (high-density racking + electric counterbalance / narrow-aisle trucks).

• Manufacturing plants (assembly, inward/outward logistics). 

• Ports & heavy duty yards (specialized lift trucks, container handlers). 

Major Challenges

• Integration cost and downtime when switching to automated/electric fleets.

• Safety incidents and regulatory requirements (operator training, workplace redesign).

• Supply chain constraints for batteries/components can limit rapid rollouts. 

Attractive Opportunities

• Aftermarket & services (rental, used trucks, maintenance, fleet management software) — recurring revenue potential.

• Battery-as-a-Service / leasing models to lower capex hurdle for EV adoption.

• Retrofit & telematics for legacy fleets (predictive maintenance, safety add-ons).

Key factors of market expansion

1. E-commerce volume and warehouse density increases.

2. Faster, cheaper battery tech (Li-ion) and charging infrastructure. 

3. Automation/AI integration reducing total cost of ownership over time.

Top companies — references + values (reported / public)

Note: different sources publish rankings by revenue, by lift-truck revenue, or by shipments; below are the leading OEMs and the values I could confirm in public sources.

• Toyota Industries / Toyota Material Handling — consistently ranked #1 in lift-truck supplier listings (market leader globally). (Top supplier lists / rankings). 

• KION Group — reported Industrial Trucks & Services revenue ≈ USD 8.96 billion (2023, converted) for that business unit in published ranking. Listed consistently at #2 globally. 

• Jungheinrich AG — top-3 supplier (very high electrification share — the company reports >90% Li-ion in some truck lines); recent corporate actions include sale of Russian unit and forecast adjustments (2025). 

• Crown Equipment Corporation — long-standing major OEM, especially strong in North America (appears in top supplier lists). 

• Hyster-Yale (Hyster-Yale Materials Handling) — major North American/ global player (appears in regional top lists).

• Other notable players: Mitsubishi Logisnext, Manitou, Hangcha (Hangcha is a large Chinese OEM expanding internationally), Komatsu/MacGregor (varies by segment). 

Market share snippets: one regional source lists Toyota Material Handling North America with ~15% share (North America context) and a combined top-player share ~45% for leading suppliers in that regional report. Use regional context when applying these numbers. 

If you want this turned into a slide or a short one-page Excel table

I can (right now) produce a concise table of top OEMs with reported 2023/2024 revenues or market shares (with source links) and a 6-slide slide deck summary. Tell me which output you want (table or slides) and I’ll generate it immediately.

(If you prefer, I can also produce a version tailored to India / APAC with country-level numbers and local competitors highlighted.)