Cushion Tire Forklifts Market Size and Share
| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 4.48 Billion |
| Market Size (2030) | USD 6.12 Billion |
| CAGR (2025 - 2030) | 6.44% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cushion Tire Forklifts Market Analysis by Mordor Intelligence
The Cushion Tire Forklifts Market size is estimated at USD 4.48 billion in 2025, and is expected to reach USD 6.12 billion by 2030, at a CAGR of 6.44% during the forecast period (2025-2030).
The cushion tire forklift market is poised for growth, driven by the increasing demand for efficient and cost-effective material handling solutions in indoor environments. The rise of e-commerce, advancements in electric forklift technology, and the need for space-efficient solutions in warehouses and manufacturing facilities will continue to fuel the market.
- The growing e-commerce and warehousing demand are major drivers of the cushion tire forklifts market. As e-commerce expands and warehouses increase in size and complexity to meet consumer demands, the need for efficient and space-saving material handling equipment like cushion tire forklifts becomes even more critical.
- As warehouses increasingly embrace automation and robotics, cushion tire forklifts are being outfitted with advanced technology. E-commerce and warehousing sectors are turning to automated and semi-automated cushion tire forklifts to streamline inventory management, lessen reliance on human labor, and boost overall efficiency.
- Improvements in battery technology and electric forklifts are boosting the adoption of electric cushion tire forklifts, which offer low emissions and operational costs. Cushion tire forklifts are often more affordable than their pneumatic tire counterparts, making them an attractive option for businesses requiring a cost-effective indoor operation solution.
- The cushion tire forklift market benefits from the growing emphasis on efficiency, safety, and sustainability in material handling operations. These forklifts' compact size and maneuverability improve operational efficiency, while their focus on safety, reduced environmental impact, and low maintenance costs align with modern sustainability and operational goals. As industries continue to prioritize these factors, the demand for cushion tire forklifts is expected to rise, particularly in indoor environments where space optimization and low environmental impact are key priorities.
- Competition from pneumatic tire forklifts is a significant restraining factor in the cushion tire forklifts market. Pneumatic tire forklifts, equipped with air-filled tires designed for rough and uneven surfaces, offer several advantages in specific environments that cushion tire forklifts cannot match.
Global Cushion Tire Forklifts Market Trends and Insights
Warehousing Application Segment is Expected to Hold Significant Market Share
- Due to rising demands for efficient, space-optimized, and cost-effective material handling solutions, the warehousing application segment is poised to dominate the cushion tire forklift market. Factors such as the booming e-commerce sector, warehouse space limitations, a shift towards electric forklifts for sustainability, and a heightened focus on operational efficiency and safety are driving the market.
- As e-commerce continues to expand, the need for efficient warehousing and distribution systems has surged. Data from the US Census Bureau reveals that in Q2 2024, e-commerce accounted for 16 percent of total US retail sales, marking an increase from the prior quarter. In 2023, e-commerce retail trade sales surpassed USD 1.1 trillion, a notable rise from USD 1 trillion in 2022.
- Warehouses play a pivotal role in storing and managing goods before customer delivery. Given their ability to navigate narrow aisles, cushion tire forklifts are instrumental in maximizing storage capacity and enhancing operational efficiency in modern warehouses.
- The warehousing industry requires swift and efficient material handling to keep pace with the demand for order fulfillment demands. Electric cushion tire forklifts, known for their quiet operation and agility in confined spaces, minimize downtime and accelerate material movement in expansive warehouse environments.
- Warehouses are increasingly adopting automated material handling systems, including automated guided vehicles (AGVs). Cushion tire forklifts are often integrated with these systems, facilitating inventory management and order fulfillment automation. This integration boosts productivity, lessens the need for human labor, and streamlines overall operations.
Asia Pacific Expected to Witness Significant Growth in the Market
- The Asia Pacific region is expected to hold a significant market share in the cushion tire forklifts market due to rapid industrialization, booming e-commerce, increasing demand for warehousing, and the shift toward more sustainable and cost-effective material handling solutions. The growing logistics infrastructure, government support, and the adoption of electric forklifts further strengthen the region's position as a key market for cushion tire forklifts.
- According to the Population Reference Bureau, in 2023, the degree of urbanization in the Asia was 53 percent. The ongoing trend of urbanization across countries in the region is driving the growth of warehouses, distribution centers, and retail spaces, all of which require efficient material-handling equipment. Cushion tire forklifts are ideal for these environments because they can maneuver in tight spaces and operate in high-density areas.
- The rapid expansion of e-commerce in the Asia Pacific is a significant driver for the warehousing and logistics sector. The region is home to some of the largest global e-commerce markets, including China, India, and Southeast Asia. According to the India Brand Equity Foundation, India has a lot of potential in the e-commerce industry due to the increasing internet user base and favorable market conditions. Growing at an exponential rate, the market value of the e-commerce industry in India was USD 123 billion dollars in 2024. This number was estimated to reach USD 300 billion by 2030. The increasing demand for fast and efficient order fulfillment in e-commerce drives the need for efficient material handling equipment like cushion tire forklifts, which are well-suited for indoor operations with tight spaces.
- The region is also leading in integrating Internet of Things (IoT) technology in warehouses. Cushion tire forklifts are being upgraded with smart features like sensors, connectivity, and fleet management systems, enhancing their role in automated and intelligent warehouse operations.
Competitive Landscape
The cushion tire forklifts market is semi fragmented, with global and local or regional companies and specialized players operating across various segments. This fragmentation is driven by the demand for the cushion tire forklifts across a wide range of applications, allowing both large and small companies to coexist and thrive in the market.
Some of the major players in the market are Toyota Industries Corporation, Linde Material Handling, Mitsubishi Logisnext Americas Inc., Clark Material Handling Company, and Hyster-Yale Group, among others. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In the cushion tire forklifts market, vendors are channeling significant investments into research and development (R&D). Their goal is to enhance the efficiency and practicality of cushion tire forklifts in various applications. As the market is still in its infancy, this emphasis on innovation is vital for vendors aiming to secure a competitive advantage.
Cushion Tire Forklifts Industry Leaders
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Toyota Industries Corporation
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Linde Material Handling
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Mitsubishi Logisnext Americas Inc.
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Clark Material Handling Company
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Hyster-Yale Group
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- September 2024: Hangcha Forklift Canada launched an advanced range of material handling equipment in Canada, aiming to boost productivity across various industries, indoors or outdoors. Introducing the 3.5-5.5T X series 4-wheel cushion tire forklift truck offered by Lithium. This forklift stands out as a safe and dependable choice for challenging environments. It uses an eco-conscious lithium battery platform to boast a low center of gravity for enhanced stability. Its compact yet robust design, paired with user-friendly maintenance features such as movable panels and a roller-equipped battery compartment, underscores its efficiency and ease of use.
- July 2024: Hyster Company has unveiled the E80XNL, its electric forklift boasting integrated lithium-ion power. With a capacity of 8,000 pounds, this cushion tire electric forklift joins four other Hyster models, all meticulously designed around the lithium-ion battery pack. This design choice enhances the operator's compartment space and lowers the vehicle's center of gravity.
Global Cushion Tire Forklifts Market Report Scope
Cushion tire forklifts, equipped with solid rubber tires, are designed for a smooth and stable ride. These cushion tires are crafted from solid rubber or rubber-like compounds, making them ideal for indoor use on flat, smooth surfaces.
The study tracks the revenue accrued through the sale of the cushion tire forklifts by various players across the globe. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The cushion tire forklifts market is segmented by type (electric cushion tire forklifts, internal combustion (IC) cushion tire forklifts), by application (warehousing, manufacturing, retail), by geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.
| Electric Cushion Tire Forklifts |
| Internal Combustion (IC) Cushion Tire Forklifts |
| Warehousing |
| Manufacturing |
| Retail |
| North America |
| Europe |
| Asia |
| Australia and New Zealand |
| Latin America |
| Middle East and Africa |
| By Type | Electric Cushion Tire Forklifts |
| Internal Combustion (IC) Cushion Tire Forklifts | |
| By Application | Warehousing |
| Manufacturing | |
| Retail | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Key Questions Answered in the Report
How big is the Cushion Tire Forklifts Market?
The Cushion Tire Forklifts Market size is expected to reach USD 4.48 billion in 2025 and grow at a CAGR of 6.44% to reach USD 6.12 billion by 2030.
What is the current Cushion Tire Forklifts Market size?
In 2025, the Cushion Tire Forklifts Market size is expected to reach USD 4.48 billion.
Who are the key players in Cushion Tire Forklifts Market?
Toyota Industries Corporation, Linde Material Handling, Mitsubishi Logisnext Americas Inc., Clark Material Handling Company and Hyster-Yale Group are the major companies operating in the Cushion Tire Forklifts Market.
Which is the fastest growing region in Cushion Tire Forklifts Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Cushion Tire Forklifts Market?
In 2025, the North America accounts for the largest market share in Cushion Tire Forklifts Market.
What years does this Cushion Tire Forklifts Market cover, and what was the market size in 2024?
In 2024, the Cushion Tire Forklifts Market size was estimated at USD 4.19 billion. The report covers the Cushion Tire Forklifts Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cushion Tire Forklifts Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Cushion Tire Forklifts Market Report
Statistics for the 2025 Cushion Tire Forklifts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cushion Tire Forklifts analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
