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Source document· January 29, 2026

Forklift Trucks Market Global Forecast Report 2025-2033 | Astute Analytica

View original at globenewswire.com
Forklift Trucks Market Global Forecast Report 2025-2033 | Astute Analytica Chicago, Jan. 29, 2026 (GLOBE NEWSWIRE) -- The global forklift trucks market was valued at 53.07 million in 2024 and is expected to reach US$ 102.87 million by 2033, growing at a CAGR of 7.49% from 2025 to 2033…
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  • Narrow-aisle reach trucks (≤1.6 m turning radius) captured 34% of 2024 purchase orders from online retailers

    80% confidence

  • Class 3 electric pallet trucks currently command the highest shipment volume capturing over 36.70% market share

    80% confidence

  • Demand forecasts show a 58% probability that warehouse automation budgets will prioritize forklift procurement ahead of AS/RS installations through 2026

    80% confidence

  • China delivered roughly 1.15 million units in 2024, equal to about 45% of worldwide shipments

    80% confidence

  • Warehousing footprints are expanding at roughly 14% annually, and every extra 10,000 m² of automated storage space requires on average, six lift trucks

    80% confidence

  • Lithium-ion share of new electric forklift sales forecast to clear 40% by 2026, up from 19% in 2020 and 27% in 2023

    80% confidence

  • Overall unit shipments on track to surpass 2.3 million in 2024, up 7% year on year

    80% confidence

  • Aftermarket services already comprise 34% of gross margins for distributors

    80% confidence

  • Unit shipments to dedicated e-commerce facilities are rising at 11% growth rate, three times the rate of general manufacturing

    80% confidence

  • Global e-commerce parcel volumes surpassed 190 billion in 2023 and are estimated to top 220 billion in 2024

    80% confidence

  • The global forklift trucks market was valued at 53.07 million in 2024 and is expected to reach US$ 102.87 million by 2033, growing at a CAGR of 7.49% from 2025 to 2033

    80% confidence

  • Class III electric pallet movers with lithium-ion packs now command a 29% share of parcel sortation lines

    80% confidence

  • In North America, 6.8 million m² of new fulfilment space came online in H1 2024, with another 9 million m² permitted

    80% confidence

  • Autonomous forklifts utilizing SLAM, LiDAR, and 5G are scaling at an 18% growth rate

    80% confidence

  • Yangtze River Delta alone houses more than six hundred certified parts vendors clustered within a 250-kilometre radius of Hefei and Ningbo assembly plants

    80% confidence

  • 60% of 2024 procurement tenders stipulating IoT connectivity and data export to WMS/ERP platforms

    80% confidence
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Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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