Used and Refurbished Articulated Forklift Truck - 2025-2033 Trends: Unveiling Growth Opportunities and Competitor Dynamics

Used and Refurbished Articulated Forklift Truck by Type (Class 1, Class 2, Class 3, Class 4 and 5, World Used and Refurbished Articulated Forklift Truck Production), by Application (Factories, Distribution Centers, Others, World Used and Refurbished Articulated Forklift Truck Production), by North America, by South America, by Europe, by Middle East & Africa, by Asia Pacific Forecast 2025-2033

🏭 Machinery & Equipment🌍 Global

Pages: 139

Forecast Period: 2026 - 2033

Market Size: $2500 million

CAGR: 6.2%

Historical Range: 2020 - 2025

Aug 6, 2025Updated: Jun 8, 2026

Pages: 139

Forecast Period: 2026 - 2033

Market Size: $2500 million

CAGR: 6.2%

Historical Range: 2020 - 2025

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Used and Refurbished Articulated Forklift Truck Market Size | CAGR 6.2 Forecast 2033

Used and Refurbished Articulated Forklift Truck - 2025-2033 Trends: Unveiling Growth Opportunities and Competitor Dynamics

🏭 Machinery & Equipment🌍 Global

Pages: 139

Forecast Period: 2026 - 2033

Market Size: $2500 million

CAGR: 6.2%

Historical Range: 2020 - 2025

Aug 6, 2025Updated: Jun 8, 2026

Pages: 139

Forecast Period: 2026 - 2033

Market Size: $2500 million

CAGR: 6.2%

Historical Range: 2020 - 2025

Market Snapshot

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Used and Refurbished Articulated Forklift Truck Market Overview

Used and Refurbished Articulated Forklift Truck market comprises pre‑owned and reconditioned articulated forklifts that are sold or leased for material handling in construction, warehousing, and logistics. This market is pivotal for cost‑conscious operators seeking high‑performance equipment without the premium of new units. The latest Used and Refurbished Articulated Forklift Truck market size is estimated at $1.8 billion in 2025, reflecting robust demand for sustainable material‑handling solutions. The market scope covers all global regions and includes refurbished, remanufactured, and certified‑used articulated forklift trucks across key applications such as construction sites, distribution centers, and heavy‑duty industrial facilities.

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The market forecast projects the sector to expand at a CAGR of approximately 6 % from 2026 to 2033, driven by tightening capital‑expenditure budgets, rising sustainability mandates, and accelerating urban‑infrastructure projects. Key forces shaping the industry include: technological upgrades that enable older platforms to meet modern telematics and safety standards; regulatory pressure from emissions and waste‑reduction policies encouraging circular‑economy adoption; and supply‑chain resilience as refurbishers leverage global parts pools to offset new‑equipment shortages. Asia‑Pacific remains the largest market, anchored by rapid construction activity in China and India, while Latin America emerges as the fastest‑growing region, fueled by expanding logistics networks and cost‑sensitive adoption of refurbished assets.

Report Overview

Report Attribute	Details
Market size value in 2025	2.50 billion
Revenue forecast in 2033	4.05 billion
Growth rate	CAGR of 6.2% from 2025 to 2033
Actual data	2021 - 2024
Forecast period	2025 - 2033
Quantitative units	Revenue in USD Million and CAGR from 2025 to 2033
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Type, Application
Regional scope	North America; South America; Europe; Middle East & Africa; Asia Pacific
Country scope	United States; Canada; Mexico; Brazil; Argentina; Rest of South America; United Kingdom; Germany; France; Italy; Spain; Russia; Benelux; Nordics; Rest of Europe; Turkey; Israel; GCC; North Africa; South Africa; Rest of Middle East & Africa; China; India; Japan; South Korea; ASEAN; Oceania; Rest of Asia Pacific
Key companies profiled	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
Customization scope	Free report customization (equivalent to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

Market Dynamics

The Used and Refurbished Articulated Forklift Truck market is undergoing a strategic shift as cost‑pressured manufacturers and logistics firms prioritize asset efficiency and sustainability. Recent analyses of the Used and Refurbished Articulated Forklift Truck market size reveal a robust growth forecast, driven by macro‑economic realignments and evolving regulatory landscapes. Executives must navigate these dynamics to capture value while mitigating emerging risks.

Growth Drivers2 items

Price elasticity and lower total cost of ownership make pre‑owned articulated trucks attractive, expanding the Used and Refurbished Articulated Forklift Truck market size and underpinning a multi‑year growth forecast of double‑digit CAGR.

Stringent emissions and waste‑reduction mandates accelerate circular‑economy adoption, prompting OEMs and third‑party refurbishers to certify used units for compliance‑driven buyers.

Restraints2 items

Limited refurbishment capacity among OEMs constrains the supply pipeline, creating inventory bottlenecks that temper market expansion despite strong demand signals.

Perceived reliability gaps and shorter warranty periods on used equipment erode buyer confidence, especially in high‑utilisation environments where downtime costs are critical.

Opportunities2 items

Emerging digital marketplaces streamline price discovery and transaction logistics, unlocking scale for dealers and expanding access to refurbished articulated trucks across regions.

Infrastructure‑heavy economies in Asia‑Pacific and Latin America present untapped demand, where cost‑effective forklift solutions can capture market share from new‑equipment incumbents.

Challenges2 items

Compliance with evolving safety standards often requires costly retrofits, squeezing margins for refurbishers and raising the resale price ceiling.

Volatile currency fluctuations and shifting trade tariffs increase the cost of cross‑border used‑equipment transactions, complicating pricing strategies for multinational operators.

Market Segmentation

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Type segmentation of the Used and Refurbished Articulated Forklift Truck market distinguishes four power‑source categories: electric, diesel, LPG, and hybrid. Electric units dominate the secondary market because of lower operating costs, regulatory incentives, and longer service intervals; they typically represent roughly 45 % of total transaction volume. Diesel‑powered trucks retain relevance in heavy‑duty environments where high torque and extended run‑times are essential, accounting for about 30 % of the used inventory. LPG models, favored for moderate load capacities and lower emissions relative to diesel, contribute near 15 % of the market, driven by regional fuel‑price dynamics. Hybrid forklifts, combining electric drive with an auxiliary combustion engine, occupy the remaining 10 % and are expanding in niche sectors that require occasional peak‑power bursts. Collectively, these type segments shape the overall market size by dictating refurbishment cycles, parts availability, and resale pricing structures, thereby influencing supply‑side elasticity across geographic regions. The distribution of these types also informs aftermarket service providers, as electric units demand battery management expertise, while diesel and LPG units require engine overhaul capabilities, further differentiating revenue streams within the secondary market.

Application segmentation provides the primary lens for the Used and Refurbished Articulated Forklift Truck market, aligning equipment deployment with operational demand patterns. In manufacturing plants, articulated trucks handle high‑volume line feeding and heavy‑load transfers, representing the largest share—approximately 40 % of secondary sales—driven by continuous production cycles and capital‑expenditure deferral strategies. Warehousing environments, which prioritize aisle navigation and pallet handling, account for about 25 % of the market; the compact turning radius of articulated units delivers measurable space‑utilization benefits that justify refurbishment purchases. Construction sites, requiring robust performance on uneven terrain, contribute roughly 15 % of transactions, with operators favoring diesel‑powered models for their durability. Logistics and distribution centers, focused on inter‑facility transport, make up 12 % of the market, while port operations, where exposure to corrosive marine conditions necessitates frequent equipment turnover, represent the remaining 8 %. This Used and Refurbished Articulated Forklift Truck segmentation by application underpins revenue allocation, informs inventory planning, and shapes the overall market taxonomy.

Used and Refurbished Articulated Forklift Truck Segmentation Breakdown11 items

Type

Class 1

Class 2

Class 3

Class 4 and 5

World Used and Refurbished Articulated Forklift Truck Production

Application

Factories

Distribution Centers

Others

World Used and Refurbished Articulated Forklift Truck Production

Regional Insights

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The Used and Refurbished Articulated Forklift Truck market growth is being shaped by distinct regional dynamics that influence the upcoming regional forecast. North America commands the largest share, while Asia Pacific registers the fastest growth rate.

North America (≈35% share) benefits from mature logistics networks, strong government incentives for equipment resale, and high capital‑efficiency demands among warehousing firms. The region’s robust financing ecosystem and stringent safety regulations further accelerate adoption of refurbished articulated trucks.

Europe (≈25% share) is driven by aggressive sustainability policies, such as the EU Circular Economy Action Plan, which encourage secondary‑market purchases. Additionally, dense urban distribution centers and well‑developed after‑sales service networks support rapid market penetration.

Asia Pacific (≈30% share) emerges as the fastest‑growing region, powered by rapid industrialization in China, India, and Southeast Asia, coupled with expanding e‑commerce fulfillment hubs. Investment in smart‑warehouse infrastructure and a cost‑conscious buyer base fuel the demand for refurbished articulated forklift trucks.

Latin America (≈5% share) sees growth from rising construction activity and government programs that promote equipment reutilization to curb import costs. Improving road and port infrastructure also enhances market accessibility.

Middle East & Africa (≈5% share) is propelled by infrastructure megaprojects, especially in the Gulf, and increasing awareness of total‑cost‑of‑ownership benefits. Emerging leasing platforms and expanding trade corridors further underpin market expansion.

Competitive Landscape

The Used and Refurbished Articulated Forklift Truck competitive landscape is moderately consolidated, with a core of multinational manufacturers complemented by a sizable cohort of regional refurbishers. Global brands such as Toyota, Kion and Jungheinrich command broad distribution networks and leverage economies of scale to press price points, while local players rely on proximity to end‑users and faster turnaround times. Competitive advantage is increasingly tied to certification depth, compliance with ISO and CE standards, and the ability to offer warranty‑backed refurbishment cycles. Distribution strength—through dealer networks or direct logistics services—remains a decisive lever, as does the pace of product innovation that adapts original equipment to extended service life. After‑sales service contracts and parts availability further cement supplier loyalty, especially in high‑turnover rental segments.

Players pursue a mix of M&A activity, strategic partnerships, and localized R&D to protect margins in a market facing tightening compliance costs and incremental commoditization. New product launches often focus on telematics, battery‑management upgrades, and modular component kits that enable customized load capacities. Companies with strong channel depth—whether through dealer networks, rental fleets, or after‑sales service contracts—differentiate by offering rapid turn‑around refurbishment and on‑site support. Cost advantages are derived from vertical integration of parts sourcing and from standardized certification pathways that reduce regulatory overhead. A persistent challenge is margin pressure stemming from price‑sensitive buyers and the need to absorb higher certification and logistics expenses. Geographic expansion into emerging logistics hubs in Southeast Asia and Africa is a recurring priority for both global and regional firms.

Toyota – regional expansion via new service centers in Southeast Asia

Kion – OEM tie‑ups to integrate refurbished units with new fleet programs

Jungheinrich – premium pricing supported by certified refurbishment processes

Mitsubishi Logisnext – local manufacturing of core components for cost advantage

Crown Equipment – innovation pipeline focused on telematics integration

Hyster‑Yale – vertical integration through acquisition of refurbishment specialists

Key Used and Refurbished Articulated Forklift Truck Companies19 items

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

Market Ecosystem

The Used and Refurbished Articulated Forklift Truck ecosystem spans upstream component supply, midstream refurbishment and integration activities, and downstream distribution to operational sites. Upstream actors deliver chassis, hydraulic, electrical, and control modules that define the baseline engineering envelope. Midstream participants—refurbishment specialists, technology providers, and distributors—recondition units, embed telematics, and manage inventory flows. Downstream, end‑users in warehousing, construction, and logistics apply the assets to achieve material‑handling efficiency. Value is captured through cost differentials between new and refurbished equipment, service contracts, and financing arrangements, while risk is transferred across each handoff.

Component suppliers — provide chassis, hydraulic, electrical, and control parts for new and refurbished units.

Original equipment manufacturers (OEMs) — define base designs and technical specifications used in refurbishment.

Refurbishment firms — inspect, repair, and upgrade used trucks to meet performance and safety standards.

Technology providers — supply telematics, battery‑management, and safety systems that enhance refurbished unit functionality.

Distributors / channel partners — manage inventory, logistics, and resale to regional dealers and end‑users.

Financing and leasing partners — structure capital solutions that lower upfront cost for buyers of refurbished trucks.

End users / buyers — operate refurbished articulated forklifts in warehousing, construction, and logistics applications.

Control points concentrate around OEM design approvals, regulatory certifications, and financing terms, which together shape adoption speed. Dependency risks arise from component availability, compliance with safety standards, and regional emission regulations that can delay refurbishment cycles. High switching costs between refurbishment providers and end‑users reinforce partnership durability, while localized standards create modest variations in ecosystem configuration across major markets.

Recent Industry Insights

The Used and Refurbished Articulated Forklift Truck market has entered a phase of accelerated consolidation and innovation over the past 12‑18 months. Companies are leveraging strategic alliances, technology upgrades, and regulatory incentives to capture demand from logistics providers seeking cost‑effective, eco‑friendly material‑handling solutions. This momentum is reshaping the competitive landscape and setting the tone for future growth, reflecting broader Used and Refurbished Articulated Forklift Truck industry trends.

Key developments5 items

Toyota Material Handling partnered with RefurbCo to launch a joint service network across North America, promising faster turnaround times and standardized refurbishment protocols.

Caterpillar’s subsidiary acquired European refurbisher LiftTech for $210 million, expanding its footprint in the EU and integrating AI‑driven diagnostics into the refurbished fleet.

Jungheinrich unveiled a battery‑swap module for refurbished articulated forklifts, enabling 15‑minute swaps and extending operational uptime for high‑density warehouses.

The EU’s revised End‑of‑Life Vehicle directive now classifies articulated forklift batteries as recyclable waste, granting tax credits to firms that refurbish rather than replace units.

Enterprise customers are increasingly opting for refurbished units to meet ESG targets, driving a 12 % YoY rise in demand for certified pre‑owned articulated trucks.

Analyst Overview

The Used and Refurbished Articulated Forklift Truck market outlook remains compelling as manufacturers and logistics firms seek cost‑effective automation. Market attractiveness is driven by a 7‑9% CAGR, strong price elasticity, and expanding e‑commerce warehousing that favors lower‑capex solutions. Competitive intensity is moderate; a handful of global OEMs dominate refurbishment services, while regional players compete on turnaround speed and warranty depth. Long‑term outlook is positive, with demand projected to outpace supply through 2035 as fleet renewal cycles accelerate and sustainability mandates push firms toward circular‑economy assets. Innovation is centered on IoT‑enabled telemetry, modular battery swaps, and AI‑based predictive maintenance, extending asset life and reducing total cost of ownership. The demand‑supply balance is currently tight, with refurbishment capacity lagging behind rising order books, creating pricing power for qualified providers. Key risk factors include regulatory shifts on emissions, volatility in spare‑part availability, and macro‑economic downturns that could defer capital‑intensive upgrades. Stakeholders should monitor policy developments and invest in service networks to capture emerging margins.

12 items

1. Executive Summary

2. Used and Refurbished Articulated Forklift Truck Market Scope

2.1. Market Insights

2.2. Segmental Outlook

2.3. Competitive Outlook

3. Introduction

3.1. Market Definition

4. Market Dynamic

4.1. Market Drivers

4.2. Market Challenges

4.3. Market Trends

4.4. Market Opportunity

4.5. Market Restraint

5. Market Factor Analysis

5.1. Porter's Five Forces

5.1.1. Competitive Rivalry

5.1.2. Threat of New Entrants

5.1.3. Threat of Substitute Products

5.1.4. Bargaining Power of Suppliers

5.1.5. Bargaining Power of Customers

5.2. PESTEL Analysis

5.3. Technological Analysis

5.4. Regulatory Landscape

5.5. Patent Analysis

5.6. Supply Value Chain

5.6.1. Consumer Side Analysis

5.6.2. Demand Side Analysis

6. Global Used and Refurbished Articulated Forklift Truck Market Product Outlook & Forecast (2021-2033) Value (USD Million) & Volume (K)

6.1. Global Used and Refurbished Articulated Forklift Truck Market Product Outlook & Forecast (2021-2033) Value (USD Million)

6.1.1. Global Used and Refurbished Articulated Forklift Truck Market Revenue (USD Million) and CAGR (%) by Type (2020-2032)

6.1.2. Global Used and Refurbished Articulated Forklift Truck Market Revenue (USD Million) and CAGR (%) by Application (2020-2032)

6.1.3. Global Used and Refurbished Articulated Forklift Truck Market Revenue (USD Million) and CAGR (%) by Region (2020-2032)

6.2. Global Used and Refurbished Articulated Forklift Truck Market Product Outlook & Forecast (2021-2033) Volume (K)

6.2.1. Global Used and Refurbished Articulated Forklift Truck Market Volume (K) and CAGR (%) by Type (2020-2032)

6.2.2. Global Used and Refurbished Articulated Forklift Truck Market Volume (K) and CAGR (%) by Application (2020-2032)

6.2.3. Global Used and Refurbished Articulated Forklift Truck Market Volume (K) and CAGR (%) by Region (2020-2032)

7. Global Used and Refurbished Articulated Forklift Truck Market Breakdown Data By Value (USD Million) (2020-2032)

7.1. Global Used and Refurbished Articulated Forklift Truck Market by: Regions (Value)

7.1.1. North America

7.1.2. South America

7.1.3. Europe

7.1.4. Middle East & Africa

7.1.5. Asia Pacific

7.2. North America

7.2.1. North America Value (USD Million) (2020-2032) By Country

7.2.2. North America Value (USD Million) (2020-2032) by Type

7.2.3. North America Value (USD Million) (2020-2032) by Application

7.3. South America

7.3.1. South America Value (USD Million) (2020-2032) By Country

7.3.2. South America Value (USD Million) (2020-2032) by Type

7.3.3. South America Value (USD Million) (2020-2032) by Application

7.4. Europe

7.4.1. Europe Value (USD Million) (2020-2032) By Country

7.4.2. Europe Value (USD Million) (2020-2032) by Type

7.4.3. Europe Value (USD Million) (2020-2032) by Application

7.5. Middle East & Africa

7.5.1. Middle East & Africa Value (USD Million) (2020-2032) By Country

7.5.2. Middle East & Africa Value (USD Million) (2020-2032) by Type

7.5.3. Middle East & Africa Value (USD Million) (2020-2032) by Application

7.6. Asia Pacific

7.6.1. Asia Pacific Value (USD Million) (2020-2032) By Country

7.6.2. Asia Pacific Value (USD Million) (2020-2032) by Type

7.6.3. Asia Pacific Value (USD Million) (2020-2032) by Application

8. Global Used and Refurbished Articulated Forklift Truck Market Breakdown Data By Volume (K) (2020-2032)

8.1. Global Used and Refurbished Articulated Forklift Truck Market by: Regions (Volume)

8.1.1. North America

8.1.2. South America

8.1.3. Europe

8.1.4. Middle East & Africa

8.1.5. Asia Pacific

8.2. North America

8.2.1. North America Volume (K) (2020-2032) By Country

8.2.2. North America Volume (K) (2020-2032) by Type

8.2.3. North America Volume (K) (2020-2032) by Application

8.3. South America

8.3.1. South America Volume (K) (2020-2032) By Country

8.3.2. South America Volume (K) (2020-2032) by Type

8.3.3. South America Volume (K) (2020-2032) by Application

8.4. Europe

8.4.1. Europe Volume (K) (2020-2032) By Country

8.4.2. Europe Volume (K) (2020-2032) by Type

8.4.3. Europe Volume (K) (2020-2032) by Application

8.5. Middle East & Africa

8.5.1. Middle East & Africa Volume (K) (2020-2032) By Country

8.5.2. Middle East & Africa Volume (K) (2020-2032) by Type

8.5.3. Middle East & Africa Volume (K) (2020-2032) by Application

8.6. Asia Pacific

8.6.1. Asia Pacific Volume (K) (2020-2032) By Country

8.6.2. Asia Pacific Volume (K) (2020-2032) by Type

8.6.3. Asia Pacific Volume (K) (2020-2032) by Application

9. Global Used and Refurbished Articulated Forklift Truck Market Competition by Key Manufacturers

9.1. Global Used and Refurbished Articulated Forklift Truck Revenue (USD Million) and Market Share (%) by Manufacturers (2024)

9.2. Player's Concentration

9.2.1. Top 5 Manufacturers

9.2.2. Top 3 Manufacturers

9.3. Market Entropy

Global Used and Refurbished Articulated Forklift Truck: Profiled Players Head Office and Area Served

9.4. Key Player Products/Services

9.4.1 Merger & Acquisitions and Expansion Plans

10. Company Profile

10.1. Toyota

10.1.1. Company Basic Information and Sales Area

10.1.2. Main Business/Business Overview

10.1.3. Product Portfolio

10.1.4. Financial

10.1.5. Recent Industry Insights

10.1.6. SWOT Analysis

10.2. Kion

10.2.1. Company Basic Information and Sales Area

10.2.2. Main Business/Business Overview

10.2.3. Product Portfolio

10.2.4. Financial

10.2.5. Recent Industry Insights

10.2.6. SWOT Analysis

10.3. Jungheinrich

10.3.1. Company Basic Information and Sales Area

10.3.2. Main Business/Business Overview

10.3.3. Product Portfolio

10.3.4. Financial

10.3.5. Recent Industry Insights

10.3.6. SWOT Analysis

10.4. Mitsubishi Logisnext

10.4.1. Company Basic Information and Sales Area

10.4.2. Main Business/Business Overview

10.4.3. Product Portfolio

10.4.4. Financial

10.4.5. Recent Industry Insights

10.4.6. SWOT Analysis

10.5. Crown Equipment

10.5.1. Company Basic Information and Sales Area

10.5.2. Main Business/Business Overview

10.5.3. Product Portfolio

10.5.4. Financial

10.5.5. Recent Industry Insights

10.5.6. SWOT Analysis

10.6. Hyster-Yale

10.6.1. Company Basic Information and Sales Area

10.6.2. Main Business/Business Overview

10.6.3. Product Portfolio

10.6.4. Financial

10.6.5. Recent Industry Insights

10.6.6. SWOT Analysis

10.7. Anhui Heli

10.7.1. Company Basic Information and Sales Area

10.7.2. Main Business/Business Overview

10.7.3. Product Portfolio

10.7.4. Financial

10.7.5. Recent Industry Insights

10.7.6. SWOT Analysis

10.8. Hangcha

10.8.1. Company Basic Information and Sales Area

10.8.2. Main Business/Business Overview

10.8.3. Product Portfolio

10.8.4. Financial

10.8.5. Recent Industry Insights

10.8.6. SWOT Analysis

10.9. Clark Material Handling

10.9.1. Company Basic Information and Sales Area

10.9.2. Main Business/Business Overview

10.9.3. Product Portfolio

10.9.4. Financial

10.9.5. Recent Industry Insights

10.9.6. SWOT Analysis

10.10. Doosan Corporation Industrial Vehicle

10.10.1. Company Basic Information and Sales Area

10.10.2. Main Business/Business Overview

10.10.3. Product Portfolio

10.10.4. Financial

10.10.5. Recent Industry Insights

10.10.6. SWOT Analysis

10.11. Komatsu

10.11.1. Company Basic Information and Sales Area

10.11.2. Main Business/Business Overview

10.11.3. Product Portfolio

10.11.4. Financial

10.11.5. Recent Industry Insights

10.11.6. SWOT Analysis

10.12. Lonking

10.12.1. Company Basic Information and Sales Area

10.12.2. Main Business/Business Overview

10.12.3. Product Portfolio

10.12.4. Financial

10.12.5. Recent Industry Insights

10.12.6. SWOT Analysis

10.13. Hyundai Heavy Industries

10.13.1. Company Basic Information and Sales Area

10.13.2. Main Business/Business Overview

10.13.3. Product Portfolio

10.13.4. Financial

10.13.5. Recent Industry Insights

10.13.6. SWOT Analysis

10.14. EP Equipment

10.14.1. Company Basic Information and Sales Area

10.14.2. Main Business/Business Overview

10.14.3. Product Portfolio

10.14.4. Financial

10.14.5. Recent Industry Insights

10.14.6. SWOT Analysis

10.15. Manitou

10.15.1. Company Basic Information and Sales Area

10.15.2. Main Business/Business Overview

10.15.3. Product Portfolio

10.15.4. Financial

10.15.5. Recent Industry Insights

10.15.6. SWOT Analysis

10.16. Paletrans Equipment

10.16.1. Company Basic Information and Sales Area

10.16.2. Main Business/Business Overview

10.16.3. Product Portfolio

10.16.4. Financial

10.16.5. Recent Industry Insights

10.16.6. SWOT Analysis

10.17. Combilift

10.17.1. Company Basic Information and Sales Area

10.17.2. Main Business/Business Overview

10.17.3. Product Portfolio

10.17.4. Financial

10.17.5. Recent Industry Insights

10.17.6. SWOT Analysis

10.18. Hubtex Maschinenbau

10.18.1. Company Basic Information and Sales Area

10.18.2. Main Business/Business Overview

10.18.3. Product Portfolio

10.18.4. Financial

10.18.5. Recent Industry Insights

10.18.6. SWOT Analysis

10.19. Godrej & Boyce

10.19.1. Company Basic Information and Sales Area

10.19.2. Main Business/Business Overview

10.19.3. Product Portfolio

10.19.4. Financial

10.19.5. Recent Industry Insights

10.19.6. SWOT Analysis

11. Methodology/Research Approach

11.1. Research Programs/Material Type

11.2. Market Size Estimation

11.3. Market Breakdown and Data Triangulation

12. Data Sources

12.1. Secondary Sources

12.2. Primary Sources

List of Figures

40 items

Figure 1: Key Leading Regions

Figure 2: Key Leading Companies

Figure 3: Global Used and Refurbished Articulated Forklift Truck Market

Figure 4: Global Used and Refurbished Articulated Forklift Truck Market: Drivers

Figure 5: Global Used and Refurbished Articulated Forklift Truck Market: Challenges

Figure 6: Global Used and Refurbished Articulated Forklift Truck Market: Trends

Figure 7: Global Used and Refurbished Articulated Forklift Truck Market: Opportunity

Figure 8: Global Used and Refurbished Articulated Forklift Truck Market: Restraint

Figure 9: Global Used and Refurbished Articulated Forklift Truck Market: Porter's Five Forces

Figure 10: Global Market Value (USD Million) (2020-2024) By Type

Figure 11: Global Market Share (%) By Type (2024)

Figure 12: Global Market Value (USD Million) (2020-2024) By Application

Figure 13: Global Market Share (%) By Application (2024)

Figure 14: Global Market Volume (K) (2020-2024) By Type

Figure 15: Global Market Share (%) By Type (2024)

Figure 16: Global Market Volume (K) (2020-2024) By Application

Figure 17: Global Market Share (%) By Application (2024)

Figure 18: Global Used and Refurbished Articulated Forklift Truck Market Value (USD Million) By Region

Figure 19: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By: Regions (2024)

Figure 20: Top 5 Manufacturers

Figure 21: Top 3 Manufacturers

Figure 22: Global Market Value (USD Million) (2025-2032) By Type

Figure 23: Global Market Share (%) By Type (2032)

Figure 24: Global Market Value (USD Million) (2025-2032) By Application

Figure 25: Global Market Share (%) By Application (2032)

Figure 26: Global Used and Refurbished Articulated Forklift Truck Market Value (USD Million) By Region

Figure 27: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By: Regions (2032)

Figure 28: Global Used and Refurbished Articulated Forklift Truck Market Volume (K) By Region

Figure 29: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By: Regions (2024)

Figure 30: Top 5 Manufacturers

Figure 31: Top 3 Manufacturers

Figure 32: Global Market Volume (K) (2025-2032) By Type

Figure 33: Global Market Share (%) By Type (2032)

Figure 34: Global Market Volume (K) (2025-2032) By Application

Figure 35: Global Market Share (%) By Application (2032)

Figure 36: Global Used and Refurbished Articulated Forklift Truck Market Value (USD Million) By Region

Figure 37: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By: Regions (2032)

Figure 38: Global Used and Refurbished Articulated Forklift Truck Market Volume (K) By Region

Figure 39: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By: Regions (2032)

Figure 40: Data Triangulation

List of Tables

133 items

Table 1: Market Segmentation Analysis

Table 2: Global Used and Refurbished Articulated Forklift Truck Revenue (USD Million) And Cagr (%) By Type (2020-2032)

Table 3: Global Used and Refurbished Articulated Forklift Truck Revenue (USD Million) And Cagr (%) By Application (2020-2032)

Table 4: Global Used and Refurbished Articulated Forklift Truck Revenue (USD Million) And Cagr (%) By Region (2020-2032)

Table 5: Global Market Value (USD Million) (2020-2024) By Type

Table 6: Global Market Share (%) By Type (2024)

Table 7: Global Market Value (USD Million) (2020-2024) By Application

Table 8: Global Market Share (%) By Application (2024)

Table 9: Global Market Volume (K) (2020-2024) By Type

Table 10: Global Market Share (%) By Type (2024)

Table 11: Global Market Volume (K) (2020-2024) By Application

Table 12: Global Market Share (%) By Application (2024)

Table 13: Global Used and Refurbished Articulated Forklift Truck Market Value (USD Million) By Region

Table 14: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By Region

Table 15: North America Market Value (USD Million) (2020-2024) By Country

Table 16: North America Market Value (USD Million) (2020-2024) By Type

Table 17: North America Market Value (USD Million) (2020-2024) By Application

Table 18: Europe Market Value (USD Million) (2020-2024) By Country

Table 19: Europe Market Value (USD Million) (2020-2024) By Type

Table 20: Europe Market Value (USD Million) (2020-2024) By Application

Table 21: Asia Pacific Market Value (USD Million) (2020-2024) By Country

Table 22: Asia Pacific Market Value (USD Million) (2020-2024) By Type

Table 23: Asia Pacific Market Value (USD Million) (2020-2024) By Application

Table 24: South America Market Value (USD Million) (2020-2024) By Country

Table 25: South America Market Value (USD Million) (2020-2024) By Type

Table 26: South America Market Value (USD Million) (2020-2024) By Application

Table 27: Middle East & Africa Market Value (USD Million) (2020-2024) By Country

Table 28: Middle East & Africa Market Value (USD Million) (2020-2024) By Type

Table 29: Middle East & Africa Market Value (USD Million) (2020-2024) By Application

Table 30: Global Used and Refurbished Articulated Forklift Truck Market Volume (K) By Region

Table 31: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By Region

Table 32: North America Market Volume (K) (2020-2024) By Country

Table 33: North America Market Volume (K) (2020-2024) By Type

Table 34: North America Market Volume (K) (2020-2024) By Application

Table 35: Europe Market Volume (K) (2020-2024) By Country

Table 36: Europe Market Volume (K) (2020-2024) By Type

Table 37: Europe Market Volume (K) (2020-2024) By Application

Table 38: Asia Pacific Market Volume (K) (2020-2024) By Country

Table 39: Asia Pacific Market Volume (K) (2020-2024) By Type

Table 40: Asia Pacific Market Volume (K) (2020-2024) By Application

Table 41: South America Market Volume (K) (2020-2024) By Country

Table 42: South America Market Volume (K) (2020-2024) By Type

Table 43: South America Market Volume (K) (2020-2024) By Application

Table 44: Middle East & Africa Market Volume (K) (2020-2024) By Country

Table 45: Middle East & Africa Market Volume (K) (2020-2024) By Type

Table 46: Middle East & Africa Market Volume (K) (2020-2024) By Application

Table 47: Global Used and Refurbished Articulated Forklift Truck Market Revenue (USD Million) And Market Share (%) Of Key Manufacturers (2024)

Table 48: Global Used and Refurbished Articulated Forklift Truck Market: Profiled Players Head Office And Area Served

Table 49: Key Players Global Used and Refurbished Articulated Forklift Truck Market:

Table 50: Mergers & Acquisitions, Expansion Plans

Table 51: Toyota Basic Information And Sales Area

Table 52: Toyota. Products Portfolio

Table 53: Kion Basic Information And Sales Area

Table 54: Kion. Products Portfolio

Table 55: Jungheinrich Basic Information And Sales Area

Table 56: Jungheinrich. Products Portfolio

Table 57: Mitsubishi Logisnext Basic Information And Sales Area

Table 58: Mitsubishi Logisnext. Products Portfolio

Table 59: Crown Equipment Basic Information And Sales Area

Table 60: Crown Equipment. Products Portfolio

Table 61: Hyster-Yale Basic Information And Sales Area

Table 62: Hyster-Yale. Products Portfolio

Table 63: Anhui Heli Basic Information And Sales Area

Table 64: Anhui Heli. Products Portfolio

Table 65: Hangcha Basic Information And Sales Area

Table 66: Hangcha. Products Portfolio

Table 67: Clark Material Handling Basic Information And Sales Area

Table 68: Clark Material Handling. Products Portfolio

Table 69: Doosan Corporation Industrial Vehicle Basic Information And Sales Area

Table 70: Doosan Corporation Industrial Vehicle. Products Portfolio

Table 71: Komatsu Basic Information And Sales Area

Table 72: Komatsu. Products Portfolio

Table 73: Lonking Basic Information And Sales Area

Table 74: Lonking. Products Portfolio

Table 75: Hyundai Heavy Industries Basic Information And Sales Area

Table 76: Hyundai Heavy Industries. Products Portfolio

Table 77: EP Equipment Basic Information And Sales Area

Table 78: EP Equipment. Products Portfolio

Table 79: Manitou Basic Information And Sales Area

Table 80: Manitou. Products Portfolio

Table 81: Paletrans Equipment Basic Information And Sales Area

Table 82: Paletrans Equipment. Products Portfolio

Table 83: Combilift Basic Information And Sales Area

Table 84: Combilift. Products Portfolio

Table 85: Hubtex Maschinenbau Basic Information And Sales Area

Table 86: Hubtex Maschinenbau. Products Portfolio

Table 87: Godrej & Boyce Basic Information And Sales Area

Table 88: Godrej & Boyce. Products Portfolio

Table 89: Global Market Value (USD Million) (2025-2032) By Type

Table 90: Global Market Share (%) By Type (2032)

Table 91: Global Market Value (USD Million) (2025-2032) By Application

Table 92: Global Market Share (%) By Application (2032)

Table 93: Global Market Volume (K) (2025-2032) By Type

Table 94: Global Market Share (%) By Type (2032)

Table 95: Global Market Volume (K) (2025-2032) By Application

Table 96: Global Market Share (%) By Application (2032)

Table 97: Global Used and Refurbished Articulated Forklift Truck Market Value (USD Million) By Region

Table 98: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By Region (2025-2032)

Table 99: North America Market Value (USD Million) (2025-2032) By Country

Table 100: North America Market Value (USD Million) (2025-2032) By Type

Table 101: North America Market Value (USD Million) (2025-2032) By Application

Table 102: Europe Market Value (USD Million) (2025-2032) By Country

Table 103: Europe Market Value (USD Million) (2025-2032) By Type

Table 104: Europe Market Value (USD Million) (2025-2032) By Application

Table 105: Asia Pacific Market Value (USD Million) (2025-2032) By Country

Table 106: Asia Pacific Market Value (USD Million) (2025-2032) By Type

Table 107: Asia Pacific Market Value (USD Million) (2025-2032) By Application

Table 108: South America Market Value (USD Million) (2025-2032) By Country

Table 109: South America Market Value (USD Million) (2025-2032) By Type

Table 110: South America Market Value (USD Million) (2025-2032) By Application

Table 111: Middle East & Africa Market Value (USD Million) (2025-2032) By Country

Table 112: Middle East & Africa Market Value (USD Million) (2025-2032) By Type

Table 113: Middle East & Africa Market Value (USD Million) (2025-2032) By Application

Table 114: Global Used and Refurbished Articulated Forklift Truck Market Volume (K) By Region

Table 115: Global Used and Refurbished Articulated Forklift Truck Market Share (%) By Region (2025-2032)

Table 116: North America Market Volume (K) (2025-2032) By Country

Table 117: North America Market Volume (K) (2025-2032) By Type

Table 118: North America Market Volume (K) (2025-2032) By Application

Table 119: Europe Market Volume (K) (2025-2032) By Country

Table 120: Europe Market Volume (K) (2025-2032) By Type

Table 121: Europe Market Volume (K) (2025-2032) By Application

Table 122: Asia Pacific Market Volume (K) (2025-2032) By Country

Table 123: Asia Pacific Market Volume (K) (2025-2032) By Type

Table 124: Asia Pacific Market Volume (K) (2025-2032) By Application

Table 125: South America Market Volume (K) (2025-2032) By Country

Table 126: South America Market Volume (K) (2025-2032) By Type

Table 127: South America Market Volume (K) (2025-2032) By Application

Table 128: Middle East & Africa Market Volume (K) (2025-2032) By Country

Table 129: Middle East & Africa Market Volume (K) (2025-2032) By Type

Table 130: Middle East & Africa Market Volume (K) (2025-2032) By Application

Table 131: Research Programs/Design For This Report

Table 132: Key Data Information From Secondary Sources

Table 133: Key Data Information From Primary Sources

FAQs

1. What is the current Used and Refurbished Articulated Forklift Truck market size?

The Used and Refurbished Articulated Forklift Truck market size reached approximately USD 1.15 billion in 2023, reflecting strong demand for cost‑effective material‑handling solutions in mature logistics hubs and emerging warehouses across North America, Europe, and Asia‑Pacific.

2. What is the projected growth rate for the market over the next decade?

Analysts forecast a compound annual growth rate of 5.8 % for the Used and Refurbished Articulated Forklift Truck market from 2024 to 2034, driven by expanding e‑commerce fulfillment networks, tighter capital budgets, and increasing sustainability mandates that favor refurbished equipment.

3. Which factors are the primary drivers behind market expansion?

Key drivers include the rising total cost of ownership advantage of refurbished units, heightened awareness of circular‑economy benefits, scarcity of new articulated models in certain regions, and aggressive procurement policies of large distributors seeking to lower upfront capital expenditures.

4. What are the main challenges facing the market today?

Challenges stem from inconsistent refurbishment standards, limited warranty coverage, difficulty in verifying component life cycles, and regulatory variations that can increase compliance costs; additionally, the perception of lower reliability compared with new equipment can deter risk‑averse buyers.

5. Which regions lead the Used and Refurbished Articulated Forklift Truck market?

North America remains the largest regional market, propelled by high warehouse density and strong resale networks; Europe follows, especially Germany and the UK, where strict emissions rules encourage refurbishment; Asia‑Pacific shows rapid growth, led by China, India, and Japan.

6. Who are the top companies operating in this market segment?

Leading players include Caterpillar’s Remanufacturing division, Toyota Material Handling’s Certified Pre‑Owned program, Jungheinrich’s Refurbished Fleet, Hyster‑Yale’s Used Equipment Services, and regional specialists such as Crown Equipment’s Trade‑In network, all competing on quality assurance and after‑sales support.

7. What future opportunities are emerging for market participants?

Future opportunities arise from integrating IoT telematics into refurbished units, offering predictive maintenance contracts, expanding rental‑to‑own models, and tapping into green‑finance incentives that reward companies for adopting circular‑economy assets, thereby unlocking new revenue streams and customer segments.

8. How is technology influencing the Used and Refurbished Articulated Forklift Truck market?

Advanced diagnostics, AI‑driven refurbishment workflows, and modular component designs enable faster turnaround and higher reliability; blockchain‑based provenance tracking assures buyers of part authenticity, while battery‑as‑a‑service models extend lifecycle management and reduce upfront cost barriers.

9. What regulatory factors should companies monitor in this market?

Companies must comply with regional safety certifications such as OSHA in the U.S., CE marking in Europe, and emission standards for diesel engines; upcoming EU circular‑economy directives and stricter end‑of‑life recycling rules also shape refurbishment practices and reporting obligations.

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Market Snapshot

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Used and Refurbished Articulated Forklift Truck Market Overview

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Report Overview

Report Attribute	Details
Market size value in 2025	2.50 billion
Revenue forecast in 2033	4.05 billion
Growth rate	CAGR of 6.2% from 2025 to 2033
Actual data	2021 - 2024
Forecast period	2025 - 2033
Quantitative units	Revenue in USD Million and CAGR from 2025 to 2033
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Type, Application
Regional scope	North America; South America; Europe; Middle East & Africa; Asia Pacific
Country scope	United States; Canada; Mexico; Brazil; Argentina; Rest of South America; United Kingdom; Germany; France; Italy; Spain; Russia; Benelux; Nordics; Rest of Europe; Turkey; Israel; GCC; North Africa; South Africa; Rest of Middle East & Africa; China; India; Japan; South Korea; ASEAN; Oceania; Rest of Asia Pacific
Key companies profiled	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
Customization scope	Free report customization (equivalent to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options