Forklifts in North America: A Growing Industry

The forklift industry in North America is booming. It was worth 12. 4 billion dollars in 2024 and is expected to double by 2034. This growth is driven by the rise of e-commerce and the need for faster, safer, and more efficient warehouse operations. Many companies in this industry work together to improve technology and safety standards. They are using advanced sensors and mapping systems to make forklifts smarter and more adaptable to changing environments. This is important because safety rules are getting stricter, and companies need to keep up. Warehouses are a big part of this market. They accounted for 30% of forklift use in 2024 and are expected to grow steadily. The logistics sector is also a major player, with a 36% share. Electric forklifts are becoming more popular, especially in the U. S. , as companies aim to reduce emissions and improve efficiency.The U. S. is the largest market for forklifts in North America, generating 9. 9 billion dollars in 2024. Electric forklifts are gaining traction, but traditional ones are still widely used for heavy-duty tasks. Companies are investing in new technologies and forming partnerships to stay competitive. Key players in the market include Hyster-Yale, Crown Equipment, and Toyota Material Handling. They are focusing on electric and hybrid forklifts, as well as automation and safety features. They are also offering better after-sales services and maintenance plans to keep customers happy. The market is analyzed in detail, looking at trends, challenges, and opportunities. It covers different types of forklifts, fuels, and end uses. The report also provides insights into the competitive landscape and the strategies of major companies.