Australia Forklift Market Report and Forecast 2024-2032

Australia Forklift Market Outlook

The Australia forklift market size is projected to grow at a CAGR of 6.22% between 2024 and 2032.

Key Takeaways:

• According to ABS, in Australia, sales and service income of manufacturing reached USD 135,630 million, during 2021-2022.

• Further, as per ABS, manufacturing industry EBITDA saw an increase of 17.8% (USD 7.6 billion), following a 6.9% (USD 2.8 billion) increase, during 2020-2021.

• According to ABS, online shopping among Australians witnessed a growing preference with e-commerce sales rising 12.6% in 2021-22.

Increasing focus on sustainability and cutting down on emissions along with equipping forklifts with cameras and AI are creating significant opportunities for Australia forklift market

Australia is seeing a surge in electric forklifts since sustainability and cutting down on emissions are becoming increasingly important. The government is worried about the environment and wants to reduce harmful pollutants, so more and more businesses are switching to electric material handling equipment. This shift is expected to create the demand for forklift across Australia.

Warehouses are getting a major upgrade. Robots and automation are now helping to change the way materials are moved around.  Companies are equipping forklifts with sensors and cameras, which is leading to several benefits. These include improvements in productivity, safety, and efficiency. Furthermore, this technology helps to reduce accidents, downtime, and human error. As a result, more and more Australian businesses are adopting autonomous forklifts to streamline their logistics and supply chains.

Further, Australia's farms are turning to forklift to get more done and work smarter. This creates a need for forklifts that can handle big loads of things like fertilizer and fruits. With a growing focus on being eco-friendly, electric forklifts are becoming a great option. This is because more and more regulations and rewards are being put in place to encourage cleaner technologies. Overall, the Australian forklift market has a lot of room for electric forklifts to grow in many different industries.

In May 2023, Komatsu, a major player in construction and mining equipment, launched the FH-2 Series. This new diesel forklift with hydrostatic drive joins their existing lineup. Built tough for heavy-duty tasks (8-11 tons), the FH-2 Series boasts low operating and ownership costs thanks to its durable design and reliable components. The forklift is equipped with Komatsu's hydrostatic drive system, wet disc brakes, and a Closed-center Load Sensing (CLSS) hydraulic system.

Market Segmentation

Australia Forklift Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Power Source

• Internal Combustion Engine (ICE)

• Electric

Market Breakup by Tonnage Capacity

• Below 5 Ton

• 6-30 Ton

• Above 30 Ton

Market Breakup by Class

• Class 1

• Class 2

• Class 3

• Class 4/5

Market Breakup by Product Type

• Counterbalance

• Warehouse

Market Breakup by Application

• Food and Beverage

• Third-Party Logistics (3PL)

• Automotive

• Healthcare

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia forklift market key players are Caterpillar Inc., Komatsu Forklift Australia Pty Ltd., Clark Equipment Australia Pty Ltd., Toyota Material Handling Australia Pty Limited, Linde Material Handling Pty Limited, HC Forklift Australia Pty Ltd., Crown Equipment Pty Ltd., Adaptalift Group, and Manitou BF S.A., among others.

Key Highlights of the Report