The global electric forklift truck market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electric forklift trucks in warehouses, factories, and distribution centers. The increasing demand for these vehicles is due to their low maintenance cost and high efficiency in terms of fuel consumption as compared with diesel-powered forklifts. Moreover, the growing awareness about environmental sustainability has led many companies to switch from diesel-powered vehicles to electric ones. The global electric forklift truck market by type is segmented into Class 1 (up to 3 tons), Class 2 (3-6 tons), and Class 3 (above 6 tons). The application segment includes warehouses, factories, distribution centers; while the regional segment includes North America, Latin America, Europe, Asia Pacific and Middle East & Africa regions.
Some Of The Growth Factors Of This Market:
- The increasing demand for electric forklift trucks is a major factor in the growth of the market.
- The increasing number of companies that are manufacturing electric forklift trucks is also a major factor in the growth of the market.
- The increase in government regulations on emissions and fuel efficiency is also a major factor in the growth of this market.
- Increasing awareness about environmental issues and green energy sources will lead to increased demand for electric forklift trucks.
- Increasing focus on safety standards will lead to increased demand for electric forklift trucks.
Industry Growth Insights published a new data on “Electric Forklift Truck Market”. The research report is titled “Electric Forklift Truck Market research by Types (Class 1, Class 2, Class 3), By Applications (Warehouses, Factories, Distribution Centers, Others), By Players/Companies Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha, Doosan Corporation Industrial Vehicle, Clark Material Handling, Komatsu, Hyundai Heavy Industries, Combilift, Lonking, EP Equipment, Hubtex Maschinenbau, Paletrans Equipment, Godrej & Boyce”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Forklift Truck Market Research Report
By Type
Class 1, Class 2, Class 3
By Application
Warehouses, Factories, Distribution Centers, Others
By Companies
Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha, Doosan Corporation Industrial Vehicle, Clark Material Handling, Komatsu, Hyundai Heavy Industries, Combilift, Lonking, EP Equipment, Hubtex Maschinenbau, Paletrans Equipment, Godrej & Boyce
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Electric Forklift Truck Market Report Segments:
The global Electric Forklift Truck market is segmented on the basis of:
Types
Class 1, Class 2, Class 3
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Warehouses, Factories, Distribution Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toyota
- Kion
- Jungheinrich
- Mitsubishi Logisnext
- Hyster-Yale
- Crown Equipment
- Anhui Heli
- Hangcha
- Doosan Corporation Industrial Vehicle
- Clark Material Handling
- Komatsu
- Hyundai Heavy Industries
- Combilift
- Lonking
- EP Equipment
- Hubtex Maschinenbau
- Paletrans Equipment
- Godrej & Boyce
Highlights of The Electric Forklift Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Class 1
- Class 2
- Class 3
- By Application:
- Warehouses
- Factories
- Distribution Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Forklift Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric forklift truck is a type of lift truck that uses electricity to power its motors. This type of lift truck is often used in warehouses and other commercial settings where the use of gasoline or diesel-powered trucks would be too expensive or environmentally harmful.
Some of the key players operating in the electric forklift truck market are Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha, Doosan Corporation Industrial Vehicle, Clark Material Handling, Komatsu, Hyundai Heavy Industries, Combilift, Lonking, EP Equipment, Hubtex Maschinenbau, Paletrans Equipment, Godrej & Boyce.
The electric forklift truck market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Forklift Truck Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Forklift Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Forklift Truck Market - Supply Chain
4.5. Global Electric Forklift Truck Market Forecast
4.5.1. Electric Forklift Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Forklift Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Forklift Truck Market Absolute $ Opportunity
5. Global Electric Forklift Truck Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Forklift Truck Market Size and Volume Forecast by Type
5.3.1. Class 1
5.3.2. Class 2
5.3.3. Class 3
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Forklift Truck Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Forklift Truck Market Size and Volume Forecast by Application
6.3.1. Warehouses
6.3.2. Factories
6.3.3. Distribution Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Forklift Truck Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Forklift Truck Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Forklift Truck Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Forklift Truck Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Forklift Truck Demand Share Forecast, 2019-2026
9. North America Electric Forklift Truck Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Forklift Truck Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Forklift Truck Market Size and Volume Forecast by Application
9.4.1. Warehouses
9.4.2. Factories
9.4.3. Distribution Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Forklift Truck Market Size and Volume Forecast by Type
9.7.1. Class 1
9.7.2. Class 2
9.7.3. Class 3
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Forklift Truck Demand Share Forecast, 2019-2026
10. Latin America Electric Forklift Truck Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Forklift Truck Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Forklift Truck Market Size and Volume Forecast by Application
10.4.1. Warehouses
10.4.2. Factories
10.4.3. Distribution Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Forklift Truck Market Size and Volume Forecast by Type
10.7.1. Class 1
10.7.2. Class 2
10.7.3. Class 3
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Forklift Truck Demand Share Forecast, 2019-2026
11. Europe Electric Forklift Truck Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Forklift Truck Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Forklift Truck Market Size and Volume Forecast by Application
11.4.1. Warehouses
11.4.2. Factories
11.4.3. Distribution Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Forklift Truck Market Size and Volume Forecast by Type
11.7.1. Class 1
11.7.2. Class 2
11.7.3. Class 3
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Forklift Truck Demand Share, 2019-2026
12. Asia Pacific Electric Forklift Truck Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Forklift Truck Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Forklift Truck Market Size and Volume Forecast by Application
12.4.1. Warehouses
12.4.2. Factories
12.4.3. Distribution Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Forklift Truck Market Size and Volume Forecast by Type
12.7.1. Class 1
12.7.2. Class 2
12.7.3. Class 3
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Forklift Truck Demand Share, 2019-2026
13. Middle East & Africa Electric Forklift Truck Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Forklift Truck Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Forklift Truck Market Size and Volume Forecast by Application
13.4.1. Warehouses
13.4.2. Factories
13.4.3. Distribution Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Forklift Truck Market Size and Volume Forecast by Type
13.7.1. Class 1
13.7.2. Class 2
13.7.3. Class 3
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Forklift Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Forklift Truck Market: Market Share Analysis
14.2. Electric Forklift Truck Distributors and Customers
14.3. Electric Forklift Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyota
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kion
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jungheinrich
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Logisnext
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hyster-Yale
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Crown Equipment
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Anhui Heli
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hangcha
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Doosan Corporation Industrial Vehicle
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Clark Material Handling
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Komatsu
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyundai Heavy Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Combilift
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lonking
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. EP Equipment
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hubtex Maschinenbau
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Paletrans Equipment
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Godrej & Boyce
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook