Australia Forklift Market

Australia Forklift Market Overview:

The Australia forklift market size reached USD 2.03 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.15 Billion by 2033, exhibiting a growth rate (CAGR) of 14.9% during 2025-2033. Rising warehouse automation, expanding e-commerce logistics, infrastructure development projects, and increased demand from the construction and manufacturing sectors are some of the factors contributing to Australia forklift market share. Technological advancements and electric forklift adoption also support growth due to sustainability goals and lower operational costs.

Australia Forklift Market Trends:

Rising Preference for Electric Forklifts and Service-Based Deployments

The material handling sector in Australia is showing a clear move toward electric forklifts supported by long-term service commitments. Businesses are increasingly opting for rental models that include comprehensive maintenance contracts, reducing operational uncertainty and upfront capital expenditure. The deployment of a mix of medium- and heavy-duty forklifts, including lithium-ion electric variants, signals growing confidence in battery technology for demanding industrial tasks. This approach also supports broader goals to cut emissions and improve workplace sustainability. The focus is not only on equipment performance but also on reliability, lifecycle cost optimization, and environmental compliance. As electric models become more robust and service networks expand, such integrated arrangements are becoming a preferred choice across major facilities. These factors are intensifying the Australia forklift market growth. For example, in October 2024, Kalmar and BlueScope entered into a fully maintained rental agreement for the supply of 13 large forklift trucks to BlueScope’s Western Port facility in Victoria, Australia. This agreement includes six electric forklifts (with lithium-ion batteries), two medium-duty, and five heavy-duty units, along with an eight-year service contract. The collaboration supports BlueScope’s emissions reduction goals.

Expanding Imports of Attachments and Cross-Border Supply Opportunities

Rising trade volumes between India and Australia are boosting cross-border supply of industrial equipment components, particularly in the forklift sector. A significant share of forklift attachments used in Australia already originates from India, and this figure is expected to grow with enhanced bilateral cooperation. As material handling operations scale, there is a stronger push to diversify sourcing while maintaining cost efficiency and quality. This development enables Australian operators to access a wider range of specialized attachments suited for varied terrains and applications. For Indian manufacturers, it opens doors for deeper integration into Australia’s logistics and industrial supply chains. The focus is shifting toward long-term partnerships, consistent quality standards, and streamlined import processes for aftermarket and OEM-grade components. For instance, in January 2024, Australia's Consul General in Mumbai stated that India-Australia trade is expected to double to USD 100 Billion in five years under the Economic Cooperation and Trade Agreement (ECTA). This surge is expected to benefit the forklift market, with India already exporting 38% of its forklift attachments to Australia. The expanding trade partnership opens up promising opportunities for Indian manufacturers and enhances Australia’s material handling capabilities.

Australia Forklift Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on class, power source, load capacity, electric battery, and end user.

Class Insights:

• Class 1
• Class 2
• Class 3
• Class 4/5

The report has provided a detailed breakup and analysis of the market based on the class. This includes Class 1, Class 2, Class 3, and Class 4/5.

Power Source Insights:

• ICE
• Electric

A detailed breakup and analysis of the market based on the power source have also been provided in the report. This includes ICE and electric.

Load Capacity Insights:

• Below 5 Ton
• 5-15 Ton
• Above 16 Ton

The report has provided a detailed breakup and analysis of the market based on the load capacity. This includes below 5 ton, 5-15 ton, and above 16 ton.

Electric Battery Insights:

• Li-ion
• Lead Acid

A detailed breakup and analysis of the market based on the electric battery have also been provided in the report. This includes Li-ion and lead acid.

End User Insights:

• Industrial
• Logistics
• Chemical
• Food and Beverage
• Retail and E-Commerce
• Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes industrial, logistics, chemical, food and beverage, retail and e-commerce, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria and Tasmania
• Queensland
• Northern Territory and Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria and Tasmania, Queensland, Northern Territory and Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Forklift Market News:

• In April 2025, United Forklift and Access Solutions introduced the world's first fully electric tire handler in Australia, built on the Konecranes E-VER platform. This innovation aligns with Australia's growing shift toward electric forklifts, driven by environmental concerns and stricter emission regulations.
• In April 2025, Mars Forklifts, based in Sydney, expanded its hire services to meet rising demand across Australia's forklift market. The company added electric, LPG, diesel, and all-terrain forklifts to its fleet, catering to industries like warehousing, cold storage, and manufacturing. With over 50 years of experience, Mars Forklifts emphasizes fast service, on-site consultations, and a large independent repair team, reinforcing its role in Australia's material handling sector.

Australia Forklift Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia forklift market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia forklift market on the basis of class?
• What is the breakup of the Australia forklift market on the basis of power source?
• What is the breakup of the Australia forklift market on the basis of load capacity?
• What is the breakup of the Australia forklift market on the basis of electric battery?
• What is the breakup of the Australia forklift market on the basis of end user?
• What is the breakup of the Australia forklift market on the basis of region?
• What are the various stages in the value chain of the Australia forklift market? 
• What are the key driving factors and challenges in the Australia forklift market?
• What is the structure of the Australia forklift market and who are the key players?
• What is the degree of competition in the Australia forklift market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia forklift market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia forklift market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia forklift industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.