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2019-06-18
320
Global
Electric Forklift Market
The electric forklift market is growing significantly from decade owing to its applications in relevant industry, providing cost efficiency and improved productivity. The electric forklifts are actively adopted across the globe resulting in the quantitative increase in demand which in turn pushed the year-on-year revenue growth. Stringent emission norms for diesel vehicles across the globe in order to regulate the CO2 emission have led the manufacturers to offer more environment friendly forklift truck models. Moreover, manufacturers have adjusted the direction of their R&D activities, increasing the proportion of developers working on electric forklifts and warehouse forklifts, in order to expand the electric and warehouse product lines. High adoption of electric forklifts owing to its advantage over IC powered forklifts and continuous expenditure over advancement of battery technology is anticipated to accelerate the growth of electric forklifts in coming years.
Goldstein Research analyst forecast the global electric forklift market to expand at a CAGR of 7.1% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 39.4 billion by the end of forecast period.
Based on product type, counter balanced forklift trucks accounted for the largest revenue share of 55% in global electric forklift market in 2016. On the other hand, warehouse forklifts are the fastest growing owing to rising ecommerce business across the globe which is likely to expand at a CAGR of 9.1% over the forecast period i.e.2016-2024.
Geographically, Asia Pacific region accounted for the largest market share with 35% revenue share in global electric forklift truck market. Asia Pacific region is closely followed by Europe and is likely to expand at a CAGR of 6.6% over the forecast period i.e. 2016-2024. The major countries of Latin America such as Brazil and Mexico showcase huge opportunity for electric forklift truck industry as these countries are showcasing positive growth in manufacturing and automotive industry growth.
According to our electric forklift market study on the basis of extensive primary and secondary research, one major trend in the market is technological advancement to achieve longer battery backup and higher power output. For instance, recently HELI has launched a new heavy duty electric forklift trucks with a loading capacity up to 10 tons. These forklifts are attracting some industries for applications from general manufacturing, logistics and warehousing, to many more outdoor uses.
According to the report, major driver in global electric forklift market is growing e-commerce business across the globe. The rapid growth of online retail sales has seen consecutive years of growth around the world, with international trade increasing, which significantly boosted the logistics and warehouse activities. Amplified warehouse spaces strive to work quickly and efficiently to meet the market demand, which is significantly pushing the demand for efficient electric forklift trucks for warehouses. Further, the report states that one challenge in global electric forklift truck market is the disadvantages of forklifts over IC engine powered forklifts such as longer battery charging time and lower power output as compared to the conventional forklift trucks.
The report covers the present ground scenario and the future growth prospects of the electric forklift market for 2016-2024 along with the total revenue of electric forklift truck industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional, and country level. The revenue forecast is given on the basis of number of forklift manufacturers and current growth rate of the market.
Electric Forklift Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global electric forklift market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Thisreport also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send request for market report sample.
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
1. Research Methodology |
1.1. Secondary Research |
1.2. Primary Research |
1.3. Data Analyzing & Market Size Estimation |
1.4. Research Design |
1.5. Bottom-Up & Top-Down Approach |
2. Market Environment |
2.1. Global Economic Overview |
2.2. Global Macroeconomic Outlook |
2.3. Global Automotive Industry Overview |
2.4. Global Forklift Trucks Market Outlook |
2.5. Global Transportation Industry Outlook |
2.6. Global Construction & Mining Industry Outlook |
2.7. Electric & Autonomous Forklift Trucks Analysis |
2.8. Regulatory & Environmental Considerations |
3. Industry Structure |
3.1. Target Consumer Group Analysis |
3.2. Consumer Trend Analysis |
3.3. Target Markets (By Countries) |
3.4. Forklift Trucks Technological Research & Development |
3.5. Competitive Strategies |
3.6. Acquisitions & Divestitures |
4. Regional Industry Analysis |
4.1. Manufacturing Analysis |
4.2. Demand & Supply Analysis |
4.3. Marketing & Distribution Analysis |
4.4. Trade (Import & Export) Analysis |
4.5. Electric Forklift Trucks Rental Analysis |
4.6. Investments Outlook |
4.7. Pricing Outlook |
5. Executive Summary |
5.1. Market Size (USD Million) |
5.2. Forecast Analysis (2017-2025) |
5.3. Market Share & CAGR (%) |
5.4. Regional Share Distribution (%) |
6. Market Dynamics |
6.1. Growth Drivers |
6.2. Market Restraints |
6.3. Risk Analysis (Demand Risk & Supply Risk Analysis) |
6.4. Recent Trends & Developments |
6.5. Opportunities for Market Players |
7. Global Electric Forklift Trucks Market Segmentation |
7.1. Electric Forklift Trucks Market By Product Type(Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.1.1. Counterbalanced Forklift Trucks (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.1.2. Warehouse Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.1.3. Market Attractiveness Electric Forklift Trucks Market by Product Type |
7.1.4. BPS Analysis Electric Forklift Trucks Market by Product Type |
7.2. Electric Forklift Trucks Market By End Users (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.2.1. Electric Forklift Trucks in Retail and Wholesale Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.2.2. Electric Forklift Trucks in Logistics (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.2.3. Electric Forklift Trucks in Automotive (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.2.4. Electric Forklift Trucks in Food Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.2.5. Other Industries (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.2.6. Market Attractiveness of Electric Forklift Trucks Market by End Users |
7.2.7. BPS Analysis of Electric Forklift Trucks Market by End Users |
7.3. Electric Forklift Trucks Market By Region (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024) |
7.3.1. North America Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.1. North America Electric Forklift Trucks Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024) |
7.3.1.1.1. U.S. Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.1.2. Canada Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.1.3. Market Attractiveness of Electric Forklift Trucks Market by Country |
7.3.1.1.4. BPS Analysis of Electric Forklift Trucks Market by Country |
7.3.1.2. North America Electric Forklift Trucks Market By Product Type(Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.2.1. Counterbalanced Forklift Trucks (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.2.2. Warehouse Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.2.3. Market Attractiveness Electric Forklift Trucks Market by Product Type |
7.3.1.2.4. BPS Analysis Electric Forklift Trucks Market by Product Type |
7.3.1.3. North America Electric Forklift Trucks Market By End Users (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.3.1. Electric Forklift Trucks in Retail and Wholesale Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.3.2. Electric Forklift Trucks in Logistics (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.3.3. Electric Forklift Trucks in Automotive (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.3.4. Electric Forklift Trucks in Food Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.3.5. Other Industries (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.1.3.6. Market Attractiveness of Electric Forklift Trucks Market by End Users |
7.3.1.3.7. BPS Analysis of Electric Forklift Trucks Market by End Users |
7.3.2. Europe Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1. Europe Electric Forklift Trucks Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024) |
7.3.2.1.1. UK Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.2. France Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.3. Italy Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.4. Germany Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.5. Spain Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.6. Hungary Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.7. Sweden Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.8. Russia Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.9. Poland Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.10. Rest of Europe (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.1.11. Market Attractiveness of Electric Forklift Trucks Market by Country |
7.3.2.1.12. BPS Analysis of Electric Forklift Trucks Market by Country |
7.3.2.2. Europe Electric Forklift Trucks Market By Product Type(Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.2.1. Counterbalanced Forklift Trucks (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.2.2. Warehouse Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.2.3. Market Attractiveness Electric Forklift Trucks Market by Product Type |
7.3.2.2.4. BPS Analysis Electric Forklift Trucks Market by Product Type |
7.3.2.3. Europe Electric Forklift Trucks Market By End Users (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.3.1. Electric Forklift Trucks in Retail and Wholesale Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.3.2. Electric Forklift Trucks in Logistics (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.3.3. Electric Forklift Trucks in Automotive (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.3.4. Electric Forklift Trucks in Food Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.3.5. Other Industries (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.2.3.6. Market Attractiveness of Electric Forklift Trucks Market by End Users |
7.3.2.3.7. BPS Analysis of Electric Forklift Trucks Market by End Users |
7.3.3. Middle East & Africa Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.1. Middle East & Africa Electric Forklift Trucks Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024) |
7.3.3.1.1. Gulf Cooperation Council Countries (GCC) Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.1.2. South Africa Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.1.3. North Africa Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.1.4. Rest of Middle East and Africa Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.1.5. Market Attractiveness of Electric Forklift Trucks Market by Country |
7.3.3.1.6. BPS Analysis of Electric Forklift Trucks Market by Country |
7.3.3.2. Middle East & Africa Electric Forklift Trucks Market By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.2.1. Counterbalanced Forklift Trucks (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.2.2. Warehouse Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.2.3. Market Attractiveness Electric Forklift Trucks Market by Product Type |
7.3.3.2.4. BPS Analysis Electric Forklift Trucks Market by Product Type |
7.3.3.3. Middle East & Africa Electric Forklift Trucks Market By End Users (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.3.1. Electric Forklift Trucks in Retail and Wholesale Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.3.2. Electric Forklift Trucks in Logistics (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.3.3. Electric Forklift Trucks in Automotive (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.3.4. Electric Forklift Trucks in Food Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.3.5. Other Industries (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.3.3.6. Market Attractiveness of Electric Forklift Trucks Market by End Users |
7.3.3.3.7. BPS Analysis of Electric Forklift Trucks Market by End Users |
7.3.4. Latin America Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.1. Latin America By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024) |
7.3.4.1.1. Brazil Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.1.2. Mexico Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.1.3. Rest of Latin America Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.1.4. Market Attractiveness of Electric Forklift Trucks Market by Country |
7.3.4.1.5. BPS Analysis of Electric Forklift Trucks Market by Country |
7.3.4.2. Latin America Electric Forklift Trucks Market By Product Type(Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.2.1. Counterbalanced Forklift Trucks (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.2.2. Warehouse Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.2.3. Market Attractiveness Electric Forklift Trucks Market by Product Type |
7.3.4.2.4. BPS Analysis Electric Forklift Trucks Market by Product Type |
7.3.4.3. Latin America Electric Forklift Trucks Market By End Users (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.3.1. Electric Forklift Trucks in Retail and Wholesale Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.3.2. Electric Forklift Trucks in Logistics (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.3.3. Electric Forklift Trucks in Automotive (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.3.4. Electric Forklift Trucks in Food Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.3.5. Other Industries (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.4.3.6. Market Attractiveness of Electric Forklift Trucks Market by End Users |
7.3.4.3.7. BPS Analysis of Electric Forklift Trucks Market by End Users |
7.3.5. Asia Pacific (APAC) Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1. Asia Pacific Electric Forklift Trucks Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024) |
7.3.5.1.1. China Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.2. Japan Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.3. India Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.4. Singapore Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.5. South Korea Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.6. Australia Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.7. New Zealand Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.8. Rest of APAC Electric Forklift Trucks Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.1.9. Market Attractiveness of Electric Forklift Trucks Market by Country |
7.3.5.1.10. BPS Analysis of Electric Forklift Trucks Market by Country |
7.3.5.2. Asia Pacific Electric Forklift Trucks Market By Product Type(Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.2.1. Counterbalanced Forklift Trucks (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.2.2. Warehouse Electric (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.2.3. Market Attractiveness Electric Forklift Trucks Market by Product Type |
7.3.5.2.4. BPS Analysis Electric Forklift Trucks Market by Product Type |
7.3.5.3. Asia Pacific Electric Forklift Trucks Market By End Users (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.3.1. Electric Forklift Trucks in Retail and Wholesale Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.3.2. Electric Forklift Trucks in Logistics (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.3.3. Electric Forklift Trucks in Automotive (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.3.4. Electric Forklift Trucks in Food Industry (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.3.5. Other Industries (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024) |
7.3.5.3.6. Market Attractiveness of Electric Forklift Trucks Market by End Users |
7.3.5.3.7. BPS Analysis of Electric Forklift Trucks Market by End Users |
8. Competitive Outlook |
8.1. Market Share of Major Players (2016) |
8.2. Company Profiles |
8.2.1. IBM Corp. |
8.2.1.1. Company Synopsis |
8.2.1.2. Business Strategy |
8.2.1.3. Product Portfolio |
8.2.1.4. SWOT Analysis |
8.2.2. Jungheinrich Lift Truck Corp. |
8.2.3. Kion Group AG |
8.2.4. Toyota Industries Corp. |
8.2.5. Hyster-Yale Group |
8.2.6. Anhui Forklift Truck Group Co. Ltd |
8.2.7. Clark Material Handling International Inc. |
8.2.8. Combilift Ltd. |
8.2.9. Crown Equipment Corp. |
8.2.10. Doosan Industrial Vehicles Co. Ltd |
8.2.11. Godrej & Boyce Mfg. Co. Ltd |
8.2.12. Hangcha Forklift Co. Ltd |
8.2.13. Komatsu Utility Co. Ltd |
8.2.14. Hangcha Group |
8.2.15. Mitsubishi Forklift Trucks |
9. Porter’s Five Force Model |
10. Market Landscape: Competition and Beyond |
11. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem |
12. Expert Analysis |
13. Concluding Remarks |
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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