United Kingdom Forklift Market to Grow with a CAGR of 5.71% through 2030
Rising warehouse automation, growing e-commerce
logistics, and increasing demand for electric forklifts are the factors driving
the market in the forecast period 2026–2030.
According to TechSci Research report, “United
Kingdom Forklift Market – By Region, Competition, Opportunities and
Forecast, 2020-2030F”, The United Kingdom Forklift Market was
valued at USD 5.01 Billion in 2024 and is expected to reach USD 6.99 Billion by
2030 with a CAGR of 5.71% during the forecast period.
The United Kingdom electric bus market is undergoing a
qualitative shift from basic fleet In 2024, the United Kingdom forklift market
is experiencing transformation shaped by shifting industry dynamics,
decarbonization mandates, and infrastructure reinvestment across warehousing,
construction, and manufacturing. One of the key growth accelerators is the push
for regulatory compliance with low-emission zones and workplace safety
legislation, prompting businesses to upgrade older forklift fleets with modern
alternatives that meet new efficiency and sustainability benchmarks. Demand is
further propelled by the resurgence in brownfield industrial redevelopment and
retrofitting of existing warehouses, where compact and maneuverable forklifts
are prioritized due to space constraints.
Government support for decarbonization in material handling,
coupled with incentives for adopting electric industrial vehicles, is
bolstering interest in battery-powered and hydrogen-ready forklift models. The
rising cost of diesel and internal combustion operations is also nudging fleet
managers toward long-term cost savings through electrified solutions,
especially in urban centers where emissions and noise regulations are strict.
These shifts are influencing purchasing decisions not just on upfront price,
but on lifecycle value, energy use, and integration with smart asset management
systems.
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United Kingdom Forklift Market Is Segmented by Tonnage
Capacity, End Use, Propulsion, and Region.
In
2024, electric forklifts emerged as the fastest-growing segment in the United
Kingdom forklift market, driven by stricter emission norms, a surge in indoor
warehouse activities, and rising fuel costs associated with internal combustion
engine (ICE) models. The increasing shift toward sustainable and low-noise
operations made electric forklifts the preferred choice for logistics, retail
distribution, and construction sectors. Businesses favored these machines for
their reduced maintenance needs, improved energy efficiency, and compatibility
with automation systems. The demand was further accelerated by the growing use
of lithium-ion technology, which enabled faster charging and longer uptime.
Electric forklifts also aligned better with the evolving operational models of
multi-shift environments, where downtime must be minimized, and energy
efficiency is critical. Their adoption was significantly supported through
rental and leasing options, providing cost-effective access to modern fleets
without heavy upfront investment.
Among all regions in the United Kingdom, Scotland recorded
the fastest growth in the forklift market during 2024. Expanding warehousing
and logistics facilities across major Scottish cities, alongside rising
adoption in food processing and public infrastructure projects, contributed to
increased forklift demand. Supportive environmental policies and regional
investment in low-emission technologies further boosted the uptake of electric
forklifts, surpassing growth observed in Wales and Northern Ireland.
Major Market Players Operating in United Kingdom Forklift
Market Are:
- MLE
B.V.
- JST
Forklift Trucks
- Hyster-Yale
Group, Inc.
- Linde
Material Handling GmbH
- Landoll
Corporation
- Jungheinrich
AG
- Combilift
Ltd
- Clark
Material Handling Company
- Toyota
Material Handling Manufacturing Italy S.p.A.
- Impact
Fork Truck Limited.
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“In the United Kingdom, we’re seeing a clear transformation
in the forklift market. There’s a real momentum building around sustainability
and operational efficiency, and that’s driving businesses to shift from
traditional diesel or LPG models toward electric forklifts. It’s not just about
emissions anymore it’s about reliability, lower lifetime costs, and integration
with smarter warehouse systems. What’s interesting is how quickly this shift is
taking hold, even in regions like Scotland, where industrial infrastructure is
being modernized at pace. Companies are no longer viewing forklifts as
standalone machines; they’re becoming strategic assets in the broader
automation and logistics chain”, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“United Kingdom Forklift Market By Tonnage Capacity (Less than 5-ton,
5–15-ton, 16-25 ton, above 25 ton), By Propulsion (ICE, Electric), By End Use
(Port Facility, Logistics, Construction, Municipality, Others), By Region, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the United Kingdom Forklift Market.
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