Electric Reach Truck Market to Surpass USD 11.6 Billion by 2034 with 13.8% CAGR Driven by Warehouse Automation
The global Electric Reach Truck market reached approximately USD 3.7 billion in 2024, increasing from USD 3.2 billion in 2023, reflecting a year-over-year growth rate of 15.6%. Rising warehouse automation, expanding e-commerce logistics networks, and increasing adoption of emission-free material handling equipment are accelerating demand for Electric Reach Truck technologies worldwide. More than 68% of newly installed warehouse forklifts in developed logistics hubs during 2024 were electric-powered, compared to only 39% in 2017.
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