India Forklift Market Size 2025: Share, Trends, Growth Rate & Industry Outlook 2033

Forklift Market in India 2025:

How Big is the India Forklift Market?

The India forklift market size reached USD 7.20 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.98 Billion by 2033, exhibiting a growth rate (CAGR) of 13.20% during 2025-2033.

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 7.20 Billion

Market Size in 2033: USD 21.98 Billion

Market Growth Rate (CAGR) 2025-2033: 13.20%

India Forklift Market Trends and Drivers:

The India forklift market is gaining tremendous momentum, fueled by strong industrial growth, enhanced infrastructure development, and rising application of automation among manufacturing and logistics industries. The boom in e-commerce and warehousing operations has also increased the demand for effective material handling solutions even further. Additionally, government programs like 'Make in India' and infrastructure-oriented policies have promoted industry investments, thus driving forklift demand in industries such as automotive, food processing, pharmaceuticals, and retail. In essence, electric forklift demand is growing due to increased emphasis on sustainability and reducing emissions, as businesses transition towards clean and energy-efficient operational equipment.

Apart from this, developments in technology like the implementation of IoT, telematics, and self-navigating systems in forklifts are revolutionizing conventional warehouse operations and enhancing fleet efficiency. Furthermore, the move from manual to mechanized logistics, particularly in Tier II and Tier III cities, is creating new market prospects for forklift manufacturers. Higher rental services and leasing options are also increasing the availability of forklifts to small and medium businesses. Essentially, the India forklift market is shifting from cost-driven to value-driven, with increasing focus on safety features, after-sales service, and driver comfort. This change offers a rich soil for innovation, collaboration, and localized manufacturing models in the forklift sector.

Request for a sample copy of this report: https://www.imarcgroup.com/india-forklift-market/requestsample

India Forklift Market Report and Segmentation:

The report has segmented the market into the following categories:

Class Insights:

Class 1
Class 2
Class 3
Class 4/5

Power Source Insights:

ICE
Electric

Load Capacity Insights:

Below 5 Ton
5-15 Ton
Above 16 Ton

Electric Battery Insights:

Li-ion
Lead Acid

End User Insights:

Industrial
Logistics
Chemical
Food & Beverage
Retail & E-Commerce
Others

Regional Insights:

North India
South India
East India
West India

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=29695&flag=C

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Key highlights of the Report:

Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302