Used and Refurbished Storage Forklift Truck Market Revenue was valued at USD 4.5 Billion in 2024 and is estimated to reach USD 7.2 Billion by 2033, growing at a CAGR of 6.6% from 2026 to 2033.
The global used and refurbished storage forklift truck market was valued at approximately USD 3.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The markets expansion is driven by the increasing demand for cost effective solutions in warehouses and logistics operations. The North American market holds a substantial share, accounting for nearly 40% of the global market in 2022, followed by Europe at around 32%. The growing adoption of used forklift trucks in regions such as Asia Pacific is also notable, with a projected CAGR of 6.5% during the forecast period. The market size in Asia Pacific is expected to reach approximately USD 1.5 billion by 2030, bolstered by the regions rapid industrialization and demand for logistics equipment.
In terms of regional opportunities, the demand for used and refurbished forklift trucks is expected to remain strong across various key regions. North America and Europe will continue to dominate the market, primarily due to the high concentration of warehouse and logistics operations. However, the Asia Pacific region is anticipated to witness the highest growth rate, driven by the increasing adoption of second hand forklifts in emerging economies like India and China. With the ongoing trend of refurbishing and reconditioning equipment to extend the life cycle, the market is poised for growth across all regions, with Europe projected to contribute approximately USD 1.2 billion by the end of 2030. Additionally, the Latin American market is showing signs of growth, with a forecasted CAGR of 4.8% between 2023 and 2030.
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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 Storage Forklift Truck Market
Electric Forklift Trucks
Internal Combustion Forklift Trucks
Reach Forklifts
Pallet Jacks
Order Pickers
Light-Duty Forklifts (up to 3,000 lbs)
Medium-Duty Forklifts (3,001 lbs to 5,000 lbs)
Heavy-Duty Forklifts (5,001 lbs to 10,000 lbs)
Ultra Heavy-Duty Forklifts (over 10,000 lbs)
Manufacturing
Warehousing and Distribution
Construction
Retail
Agriculture
Budget (under $10,000)
Mid-Range ($10,001 to $25,000)
Premium ($25,001 to $50,000)
Luxury (over $50,000)
Used Forklift Trucks
Refurbished Forklift Trucks
Certified Pre-Owned Forklift Trucks
As-Is Condition Forklift Trucks
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 Storage 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 Storage Forklift Truck Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Used and Refurbished Storage Forklift Truck Market, By Type
6. Global Used and Refurbished Storage Forklift Truck Market, By Application
7. Global Used and Refurbished Storage Forklift Truck Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Used and Refurbished Storage Forklift Truck Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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