Europe Forklift Market Report 2026: Surge in Electric, Digital, and Automated Forklifts Propels Growth Amid Sustainability and Efficiency Demands - Opportunity Analysis and Forecast to 2035

Europe's forklift market is projected to grow from USD 19.8 billion in 2025 to USD 32.6 billion by 2035 at a 5.2% CAGR, driven by increasing demand for electric, digital, and automated solutions. The shift toward sustainability, operational efficiency, and regulatory compliance is reshaping the market, with electric forklifts capturing 53% market share. Germany leads the region with 24% market share, supported by its advanced industrial ecosystem.

05/25/2026, 4:52 AM • GlobeNewswire

Shantui Construction Seeks Hong Kong IPO, Riding Construction Boom For AI Infrastructure

Heavy equipment maker Shantui Construction has filed for a Hong Kong IPO to expand its investor base. The company reported 9% profit growth last year, driven by strong overseas operations with 28.1% gross margins versus 9.6% domestically. Its excavator business is rapidly expanding with 30% sales growth, while bulldozer sales declined 12% due to China's weak property market. The company holds 10.2% of the global bulldozer market and benefits from infrastructure investments and China's Belt and Road Initiative.

05/11/2026, 9:41 AM • Benzinga

CiDi Drives Beyond China With New British Partnership

CiDi Inc., a Chinese autonomous mining truck maker, announced a partnership with Britain's MMD Group to supply autonomous mining trucks and technology globally. The deal marks CiDi's expansion beyond China, where it faces increasing competition and margin pressure. While the partnership validates CiDi's technology, MMD is a relatively small player in the mining equipment sector. CiDi's gross margins fell to 21.4% last year amid competitive pressures, and the company remains unprofitable despite strong delivery growth.

04/24/2026, 7:40 AM • Benzinga

Heavy Construction Equipment Market worth $286.51 billion in 2030 | MarketsandMarkets™

The global heavy construction equipment market is projected to grow from $224.49 billion in 2025 to $286.51 billion by 2030, at a CAGR of 5.0%. Key growth drivers include increased demand in mining and construction sectors, with earthmoving equipment and diesel-powered machinery leading segments. Asia Pacific remains the largest market, while the mining industry is identified as the fastest-growing end-use segment.

03/16/2026, 10:00 AM • GlobeNewswire

Electric Forklifts Business Report 2026: $124.33 Bn Market Trends, Opportunities, Competitive Analysis, and Long-term Forecasts, 2020-2025, 2025-2030F, 2035F

The global electric forklifts market is experiencing robust growth, projected to expand from $72.12 billion in 2025 to $80.42 billion in 2026, with a CAGR of 11.5%, reaching $124.23 billion by 2030. Key growth drivers include e-commerce expansion, warehouse automation, lithium-ion battery adoption, and sustainability mandates. Leading companies are innovating with electric pneumatic forklifts and pursuing strategic acquisitions to strengthen market positions.

03/06/2026, 4:51 AM • GlobeNewswire

Autonomous Construction Equipment Market worth $9.77 billion by 2030 | MarketsandMarkets™

The autonomous construction equipment market is expected to grow at a CAGR of 14.2% from 2024 to 2030, driven by rising labor costs, improved workplace safety, and environmental benefits. Electric autonomous equipment is the fastest-growing segment, while equipment under 100 HP holds the largest market share. The Americas region leads the market, supported by major manufacturers investing in advanced technologies like AI and machine learning.

02/26/2026, 9:00 AM • GlobeNewswire

Southeast Asia Used Construction Equipment Market Research Report 2025-2030 - China is the Leading Investor in Manufacturing Hubs Like Vietnam and Thailand

The Southeast Asia used construction equipment market is projected to grow from 73,464 units in 2024 to 86,517 units by 2030 at a CAGR of 2.76%. Growth is driven by infrastructure investments in Indonesia, Vietnam, and the Philippines, along with increased mining activities for battery materials. China leads manufacturing investments in the region, while rising imports of affordable Chinese used equipment reshape procurement patterns. However, growth is tempered by the expansion of equipment rental markets and stricter import regulations.

02/17/2026, 4:45 AM • GlobeNewswire

BYD-Backed Autonomous EV Mining Truck Maker Files For Hong Kong IPO

Shanghai-based Boonray Intelligent Technology, backed by BYD and other major investors, has filed for a Hong Kong IPO after raising $165 million in pre-IPO funding. The company is a leading provider of autonomous electric mining trucks, with 145.6% revenue growth in 2024 and over 9x growth in the first nine months of 2025. The autonomous mining truck sector is projected to expand 64.2% annually through 2030, though all three major Chinese competitors (Boonray, Eacon, CiDi) are currently unprofitable.

02/12/2026, 7:43 AM • Benzinga

Mining Equipment Market to Reach USD 194.2 Billion by 2033 Led by Electrification and Automation Trends | Market Minds Advisory

The global mining equipment market is projected to grow from USD 140.8 billion in 2026 to USD 194.2 billion by 2033 at a 4.7% CAGR, driven by electrification, automation, and rising demand for critical minerals like lithium and copper. Surface mining equipment will dominate with 60% market share, while metal mining emerges as the fastest-growing segment. Asia-Pacific leads regional demand, with major OEMs like Caterpillar and Komatsu investing heavily in autonomous systems and electric platforms.

02/10/2026, 2:00 PM • GlobeNewswire

[Latest] Global Precision Forestry Market Size/Share Worth USD 12.66 Billion by 2034 at a 7.57% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

The global precision forestry market is projected to grow from USD 6.12 billion in 2024 to USD 12.66 billion by 2034, at a CAGR of 7.57%. Growth is driven by technological advancements in LiDAR, GPS, drones, and AI, along with government initiatives supporting sustainable forest management. Key challenges include high upfront costs, skills gaps, and limited connectivity in remote regions.

01/15/2026, 3:30 AM • GlobeNewswire

G Mining Ventures Announces Formal Construction Decision for the Oko West Gold Project and Provides Project Development Update

G Mining Ventures has approved full construction of its 100%-owned Oko West Gold Project in Guyana, with an initial capital cost of $973 million. The project aims to begin first gold production in the second half of 2027, with detailed engineering 36% complete and procurement activities progressing.

10/23/2025, 6:30 AM • Benzinga

Construction Equipment Company Evaluation Report 2025 | Advanced Product Portfolios, Electric Equipment Innovation, and Strategic Collaborations Strengthen Market Leadership for Top Players

A comprehensive industry analysis reveals top construction equipment companies, highlighting technological advancements, compact equipment demand, and strategic innovations in the global market.

09/08/2025, 4:57 AM • GlobeNewswire