MARKET OVERVIEW
The electric forklift market refers to the demand for electric-powered material handling equipment, specifically forklifts, used in various industries, such as warehousing, manufacturing, and construction. Electric forklifts have gained popularity in recent years due to their environmental benefits, increased efficiency, and reduced operating costs compared to traditional internal combustion engine (ICE) forklifts. The growth of e-commerce and the rise in automation in the supply chain industry are among the significant factors driving the demand for electric forklifts. Additionally, technological advancements have led to the development of more sophisticated electric forklifts equipped with features such as enhanced battery life, improved performance, and better operator comfort. The electric forklift market is expected to grow in the coming years, driven by the increasing demand for eco-friendly and cost-effective material handling solutions.
MARKET DYNAMICS
The global electric forklift market is growing at a significant rate with the presence of global and regional players present in the market. The logistic and industrial end-user sector is adopting the technology at a faster rate. Also, advancement in battery technology is boosting the electric forklift market. The industrial sector shifts toward electric technology will boost the market in the next few years, as companies are adopting the technology to meet environmental sustainability goals. There are various factors that drive market growth, including factors such as the growing demand for enhanced battery-powered forklifts and the rising demand for heavy-duty forklifts. Factors that serve as a business opportunity include increasing support from governments in emerging economies and the enhanced power support from new battery technologies, which are expected to provide lucrative opportunities for the electric forklift market. In the current scenario, enhanced inclination towards automation and electrification of countries such as the US, Japan, Germany, and others is boosting the market growth.
MARKET SCOPE
The "Global Electric Forklift Market Analysis to 2031" is a specialized and in-depth study of the electric forklift market with a special focus on the global market trend analysis. The report aims to provide an overview of electric forklift market with detailed market segmentation by services, packaging, industry vertical. The global electric forklift market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric forklift market player and offers key trends and opportunities in the electric forklift market.
MARKET SEGMENTATION
The global electric forklift market is segmented on the basis of product, class, and end-use. On the basis of product, market is segmented as counterbalance and warehouse. On the basis of class, market is segmented as class I, class II, class III. On the basis of end-use, market is segmented as industrial, food and beverage, logistics, retail and e-commerce, chemical, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric forklift market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric forklift market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric forklift market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electric forklift market in these regions.
Electric Forklifts Market Report Analysis
CAGR (2023 - 2031)
US$ XX Million
US$ XX Million
Report Coverage
Key Players
Regional Overview
Market Segmentation
By Product
By Class
By End-Use
The reports cover key developments in the electric forklift market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Electric Forklift market are anticipated to lucrative growth opportunities in the future with the rising demand for electric forklift market. Below mentioned is the list of few companies engaged in the Electric Forklift market.
The report also includes the profiles of key electric forklift market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- TOYOTA MATERIAL HANDLING
- KION GROUP AG
- JUNGHEINRICH AG
- MITSUBISHI LOGISNEXT CO.,LTD.
- CROWN EQUIPMENT CORPORATION
- ANHUI HELI CO., LTD.
- KOMATSU LTD
- HANGCHA
- HYSTER-YALE MATERIALS HANDLING, INC.
- DOOSAN INDUSTRIAL VEHICLE AMERICA CORP.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Electric Forklifts Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
- TOYOTA MATERIAL HANDLING
- KION GROUP AG
- JUNGHEINRICH AG
- MITSUBISHI LOGISNEXT CO.,LTD.
- CROWN EQUIPMENT CORPORATION
- ANHUI HELI CO., LTD.
- KOMATSU LTD
- HANGCHA
- HYSTER-YALE MATERIALS HANDLING, INC.
- DOOSAN INDUSTRIAL VEHICLE AMERICA CORP.
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