Used and Refurbished Port Forklift Truck Market Revenue was valued at USD 2.57 Billion in 2024 and is estimated to reach USD 4.14 Billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.
The global used and refurbished port forklift truck market experienced significant growth in 2022, with a valuation of approximately USD 1.5 billion. The market demonstrated a compound annual growth rate (CAGR) of 4.8% during the assessment period, driven by increasing demand for cost efficient material handling solutions at ports and terminals. Regions such as Asia Pacific accounted for a substantial share of the market, contributing nearly 45% of the overall revenue due to the rapid expansion of port infrastructure and trade activities in countries like China and India. North America followed as a key market, representing 25% of the share, where the trend of refurbishing existing equipment to reduce operational costs gained traction. Europe, on the other hand, captured around 20% of the market share, fueled by the growing focus on sustainable logistics and the adoption of refurbished equipment in compliance with regional environmental regulations.
Opportunities abound in emerging economies where port activities are expanding rapidly, particularly in regions like Latin America and the Middle East & Africa. Latin America contributed 8% to the global market in 2022, as governments prioritized modernizing port facilities to support exports. Meanwhile, the Middle East & Africa accounted for 7% of the market, propelled by investments in trade hubs and free zones. The increasing availability of refurbished port forklifts equipped with advanced technologies, such as IoT enabled tracking systems and fuel efficient engines, presents a lucrative opportunity for manufacturers and suppliers to cater to cost sensitive buyers. Additionally, the growing demand for second hand equipment among small and medium sized enterprises (SMEs) underscores the potential for further market penetration in underdeveloped regions.
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Toyota
Kion
Jungheinrich
Mitsubishi Logisnext
Crown Equipment
Hyster-Yale
Anhui Heli
Hangcha
Clark Material Handling
Doosan Corporation Industrial Vehicle
Komatsu
Lonking
Hyundai Heavy Industries
EP Equipment
Manitou
Paletrans Equipment
Combilift
Hubtex Maschinenbau
Godrej & Boyce
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Used and Refurbished Port Forklift Truck Market
Counterbalance Forklifts
Reach Trucks
Order Pickers
Stackers
Telescopic Forklifts
Electric Forklifts
Internal Combustion Engine (ICE) Forklifts
LPG Forklifts
Warehousing and Distribution
Construction and Heavy Equipment
Retail and E-commerce
Agriculture
Manufacturing and Production
Below 3,000 kg
3,000 - 5,000 kg
5,000 - 10,000 kg
Above 10,000 kg
Economy
Mid-Range
Premium
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Used and Refurbished Port Forklift Truck Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Used and Refurbished Port Forklift Truck Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Used and Refurbished Port Forklift Truck Market, By Type
6. Global Used and Refurbished Port Forklift Truck Market, By Application
7. Global Used and Refurbished Port Forklift Truck Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Used and Refurbished Port Forklift Truck Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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