Industry Overview The global forklift market was valued at USD 85,309.8 million in 2024 and is projected to climb to USD 91,025.6 million by 2025, reflecting a 6.7% annual growth rate. This expansion is largely fueled by the rapid rise of e-commerce, increasing automation in warehousing, and the ongoing transition from internal combustion engine (ICE) forklifts to electric and hybrid models....