The global electric forklift trucks 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 various industries such as factories, warehouses, stations, ports, airports and distribution centers. The increasing demand for these vehicles is due to their low maintenance cost and high efficiency in terms of fuel consumption and emissions. Moreover, the growing awareness about environmental sustainability has led many companies to switch from diesel-powered vehicles to electric ones.
The all electric forklift trucks segment accounted for a share of over 50% in 2018 and is expected to maintain its dominance throughout the forecast period owing to its high efficiency levels when compared with other types of forklifts such as diesel-powered ones or hybrid ones. Furthermore, it has been observed that most companies are opting for all-electric models owing their lower operational costs when compared with other types of vehicles such as diesel-powered or hybrid models which require regular maintenance services like oil changes or battery replacements which are expensive in nature.
- 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 Trucks Market”. The research report is titled “Electric Forklift Trucks Market research by Types (All Electric Forklift Trucks, Half The Electric Forklift Trucks), By Applications (Factories, Warehouses, Stations, Ports, Airports, Distribution Centers), By Players/Companies Toyota Industries, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Crown Equipment, Mitsubishi Nichiyu, UniCarriers Corp, Anhui Heli, Hangcha, Komatsu, Clark Material Handling Company, Doosan Industrial Vehicles, Hyundai Heavy Industries, Lonking, Combilift Ltd, Tailift Group, Hubtex, Hytsu Group, Godrej & Boyce, Paletrans Equipment”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Forklift Trucks Market Research Report
By Type
All Electric Forklift Trucks, Half The Electric Forklift Trucks
By Application
Factories, Warehouses, Stations, Ports, Airports, Distribution Centers
By Companies
Toyota Industries, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Crown Equipment, Mitsubishi Nichiyu, UniCarriers Corp, Anhui Heli, Hangcha, Komatsu, Clark Material Handling Company, Doosan Industrial Vehicles, Hyundai Heavy Industries, Lonking, Combilift Ltd, Tailift Group, Hubtex, Hytsu Group, Godrej & Boyce, Paletrans Equipment
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electric Forklift Trucks Market Report Segments:
The global Electric Forklift Trucks market is segmented on the basis of:
Types
All Electric Forklift Trucks, Half The Electric Forklift Trucks
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
Factories, Warehouses, Stations, Ports, Airports, Distribution Centers
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 Industries
- Kion Group AG
- Jungheinrich AG
- Hyster-Yale Materials Handling
- Crown Equipment
- Mitsubishi Nichiyu
- UniCarriers Corp
- Anhui Heli
- Hangcha
- Komatsu
- Clark Material Handling Company
- Doosan Industrial Vehicles
- Hyundai Heavy Industries
- Lonking
- Combilift Ltd
- Tailift Group
- Hubtex
- Hytsu Group
- Godrej & Boyce
- Paletrans Equipment
Highlights of The Electric Forklift Trucks 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:
- All Electric Forklift Trucks
- Half The Electric Forklift Trucks
- By Application:
- Factories
- Warehouses
- Stations
- Ports
- Airports
- Distribution Centers
- 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 Trucks 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Electric forklift trucks are a type of truck that uses electric motors to power its movement. They are typically used for moving heavy objects, such as materials or equipment, and can be operated by a single person.
Some of the key players operating in the electric forklift trucks market are Toyota Industries, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Crown Equipment, Mitsubishi Nichiyu, UniCarriers Corp, Anhui Heli, Hangcha, Komatsu, Clark Material Handling Company, Doosan Industrial Vehicles, Hyundai Heavy Industries, Lonking, Combilift Ltd, Tailift Group, Hubtex, Hytsu Group, Godrej & Boyce, Paletrans Equipment.
The electric forklift trucks 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 Trucks 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 Trucks 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 Trucks Market - Supply Chain
4.5. Global Electric Forklift Trucks Market Forecast
4.5.1. Electric Forklift Trucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Forklift Trucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Forklift Trucks Market Absolute $ Opportunity
5. Global Electric Forklift Trucks 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 Trucks Market Size and Volume Forecast by Type
5.3.1. All Electric Forklift Trucks
5.3.2. Half The Electric Forklift Trucks
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Forklift Trucks 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 Trucks Market Size and Volume Forecast by Application
6.3.1. Factories
6.3.2. Warehouses
6.3.3. Stations
6.3.4. Ports
6.3.5. Airports
6.3.6. Distribution Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Forklift Trucks 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 Trucks 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 Trucks 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 Trucks 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 Trucks Demand Share Forecast, 2019-2026
9. North America Electric Forklift Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
9.4.1. Factories
9.4.2. Warehouses
9.4.3. Stations
9.4.4. Ports
9.4.5. Airports
9.4.6. Distribution Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Forklift Trucks Market Size and Volume Forecast by Type
9.7.1. All Electric Forklift Trucks
9.7.2. Half The Electric Forklift Trucks
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 Trucks Demand Share Forecast, 2019-2026
10. Latin America Electric Forklift Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
10.4.1. Factories
10.4.2. Warehouses
10.4.3. Stations
10.4.4. Ports
10.4.5. Airports
10.4.6. Distribution Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Forklift Trucks Market Size and Volume Forecast by Type
10.7.1. All Electric Forklift Trucks
10.7.2. Half The Electric Forklift Trucks
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 Trucks Demand Share Forecast, 2019-2026
11. Europe Electric Forklift Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
11.4.1. Factories
11.4.2. Warehouses
11.4.3. Stations
11.4.4. Ports
11.4.5. Airports
11.4.6. Distribution Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Forklift Trucks Market Size and Volume Forecast by Type
11.7.1. All Electric Forklift Trucks
11.7.2. Half The Electric Forklift Trucks
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 Trucks Demand Share, 2019-2026
12. Asia Pacific Electric Forklift Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
12.4.1. Factories
12.4.2. Warehouses
12.4.3. Stations
12.4.4. Ports
12.4.5. Airports
12.4.6. Distribution Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Forklift Trucks Market Size and Volume Forecast by Type
12.7.1. All Electric Forklift Trucks
12.7.2. Half The Electric Forklift Trucks
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 Trucks Demand Share, 2019-2026
13. Middle East & Africa Electric Forklift Trucks 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 Trucks 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 Trucks Market Size and Volume Forecast by Application
13.4.1. Factories
13.4.2. Warehouses
13.4.3. Stations
13.4.4. Ports
13.4.5. Airports
13.4.6. Distribution Centers
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 Trucks Market Size and Volume Forecast by Type
13.7.1. All Electric Forklift Trucks
13.7.2. Half The Electric Forklift Trucks
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 Trucks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Forklift Trucks Market: Market Share Analysis
14.2. Electric Forklift Trucks Distributors and Customers
14.3. Electric Forklift Trucks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyota Industries
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 Group AG
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 AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hyster-Yale Materials Handling
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Crown Equipment
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Nichiyu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. UniCarriers Corp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Anhui Heli
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hangcha
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Komatsu
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Clark Material Handling Company
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Doosan Industrial Vehicles
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hyundai Heavy Industries
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. Combilift Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tailift Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hubtex
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hytsu Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Godrej & Boyce
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Paletrans Equipment
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
