Used Internal Combustion Counterbalance Forklift Truck Market Revenue was valued at USD 5.12 Billion in 2024 and is estimated to reach USD 7.89 Billion by 2033, growing at a CAGR of 4.9% from 2026 to 2033.
The global used internal combustion counterbalance forklift truck market was valued at approximately USD 4.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The market growth is primarily driven by the rising demand for cost effective material handling solutions and the increasing adoption of used forklift trucks in various industries such as warehousing, construction, and logistics. As businesses focus on reducing operational costs, used internal combustion forklift trucks offer an affordable alternative to new models, driving their widespread adoption across regions. Furthermore, the increasing need for fuel efficient and versatile lifting solutions is likely to boost the market during the forecast period, particularly in emerging economies. In terms of regional distribution, North America held the largest share of the market in 2022, accounting for around 35% of the total market revenue, driven by the significant industrial and logistics sectors in the United States and Canada. Europe followed closely, with a share of approximately 30%, supported by strong demand for used forklifts across key countries such as Germany, the UK, and France. The Asia Pacific region, especially countries like China, India, and Japan, is expected to witness the highest CAGR of 5.1% during the forecast period, owing to rapid industrialization and the increasing reliance on used material handling equipment in large scale manufacturing and distribution facilities. The Middle East and Africa, along with Latin America, are also projected to experience steady growth in the coming years, fueled by investments in infrastructure and logistics development.
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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
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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 Internal Combustion Counterbalance Forklift Truck Market
2-Wheel Drive Forklifts
4-Wheel Drive Forklifts
Rough Terrain Forklifts
Electric-Powered Forklifts
Below 3,000 lbs
3,000 - 5,000 lbs
5,000 - 10,000 lbs
Above 10,000 lbs
Warehousing & Distribution
Construction
Manufacturing
Retail
Food & Beverage
Gasoline Forklifts
Diesel Forklifts
LP Gas Forklifts
Hybrid Forklifts
Less than 3 Years
3 - 5 Years
5 - 10 Years
Over 10 Years
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 Internal Combustion Counterbalance 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 Internal Combustion Counterbalance Forklift Truck Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Used Internal Combustion Counterbalance Forklift Truck Market, By Type
6. Global Used Internal Combustion Counterbalance Forklift Truck Market, By Application
7. Global Used Internal Combustion Counterbalance Forklift Truck Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Used Internal Combustion Counterbalance Forklift Truck Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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