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Electric Forklift-Global Market Insights and Sales Trends 2024
Synopsis
Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations.
Compared with internal combustion forklifts, electric forklifts have advantages such as less pollution, easier to operate and higher energy efficiency. Along with the development of economy and the enhancement of environmental protection consciousness, the industry of electric forklift has experienced a rapid growth.
The global Electric Forklift market size is expected to reach US$ 31910 million by 2029, growing at a CAGR of 6.0% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Forklift in various end use industries. The expanding demands from the Warehouses, Factories, Distribution Centers and Others, are propelling Electric Forklift market. Electric counterbalanced forklift, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Electric ride-type warehouse forklift segment is estimated at % CAGR for the next seven-year period.
The major players in global Electric Forklift market include Toyota, Kion, Jungheinrich, etc. The top 3 players occupy about 40% shares of the global market. Europe is the main market, and occupies about 50% of the global market. Electric walk-in warehouse forklift is the main type, with a share about 60%. Warehouses is the main application, which holds a share about 50%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Forklift, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Forklift market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Forklift market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Forklift sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Forklift covered in this report include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha and Doosan Corporation Industrial Vehicle, etc.
The global Electric Forklift market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Electric Forklift market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Forklift market, Segment by Type:
Electric counterbalanced forklift
Electric ride-type warehouse forklift
Electric walk-in warehouse forklift
Global Electric Forklift market, by Application
Warehouses
Factories
Distribution Centers
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Forklift manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Forklift in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations.
Compared with internal combustion forklifts, electric forklifts have advantages such as less pollution, easier to operate and higher energy efficiency. Along with the development of economy and the enhancement of environmental protection consciousness, the industry of electric forklift has experienced a rapid growth.
The global Electric Forklift market size is expected to reach US$ 31910 million by 2029, growing at a CAGR of 6.0% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Forklift in various end use industries. The expanding demands from the Warehouses, Factories, Distribution Centers and Others, are propelling Electric Forklift market. Electric counterbalanced forklift, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Electric ride-type warehouse forklift segment is estimated at % CAGR for the next seven-year period.
The major players in global Electric Forklift market include Toyota, Kion, Jungheinrich, etc. The top 3 players occupy about 40% shares of the global market. Europe is the main market, and occupies about 50% of the global market. Electric walk-in warehouse forklift is the main type, with a share about 60%. Warehouses is the main application, which holds a share about 50%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Forklift, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Forklift market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Forklift market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Forklift sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Forklift covered in this report include Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha and Doosan Corporation Industrial Vehicle, etc.
The global Electric Forklift market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Electric Forklift market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Forklift market, Segment by Type:
Electric counterbalanced forklift
Electric ride-type warehouse forklift
Electric walk-in warehouse forklift
Global Electric Forklift market, by Application
Warehouses
Factories
Distribution Centers
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Forklift manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Forklift in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electric Forklift Market Overview
1.1 Electric Forklift Product Overview
1.2 Electric Forklift Market Segment by Type
1.2.1 Electric counterbalanced forklift
1.2.2 Electric ride-type warehouse forklift
1.2.3 Electric walk-in warehouse forklift
1.3 Global Electric Forklift Market Size by Type
1.3.1 Global Electric Forklift Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Forklift Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Forklift Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Forklift Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Forklift Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Forklift Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Forklift Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Forklift Sales Breakdown by Type (2018-2023)
2 Global Electric Forklift Market Competition by Company
2.1 Global Top Players by Electric Forklift Sales (2018-2023)
2.2 Global Top Players by Electric Forklift Revenue (2018-2023)
2.3 Global Top Players by Electric Forklift Price (2018-2023)
2.4 Global Top Manufacturers Electric Forklift Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Forklift Market Competitive Situation and Trends
2.5.1 Electric Forklift Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Forklift Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Forklift as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Forklift Market
2.8 Key Manufacturers Electric Forklift Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Forklift Status and Outlook by Region
3.1 Global Electric Forklift Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Forklift Historic Market Size by Region
3.2.1 Global Electric Forklift Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Forklift Sales in Value by Region (2018-2023)
3.2.3 Global Electric Forklift Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Forklift Forecasted Market Size by Region
3.3.1 Global Electric Forklift Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Forklift Sales in Value by Region (2024-2029)
3.3.3 Global Electric Forklift Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Forklift by Application
4.1 Electric Forklift Market Segment by Application
4.1.1 Warehouses
4.1.2 Factories
4.1.3 Distribution Centers
4.1.4 Others
4.2 Global Electric Forklift Market Size by Application
4.2.1 Global Electric Forklift Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Forklift Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Forklift Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Forklift Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Forklift Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Forklift Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Forklift Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Forklift Sales Breakdown by Application (2018-2023)
5 North America Electric Forklift by Country
5.1 North America Electric Forklift Historic Market Size by Country
5.1.1 North America Electric Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Forklift Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Forklift Sales in Value by Country (2018-2023)
5.2 North America Electric Forklift Forecasted Market Size by Country
5.2.1 North America Electric Forklift Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Forklift Sales in Value by Country (2024-2029)
6 Europe Electric Forklift by Country
6.1 Europe Electric Forklift Historic Market Size by Country
6.1.1 Europe Electric Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Forklift Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Forklift Sales in Value by Country (2018-2023)
6.2 Europe Electric Forklift Forecasted Market Size by Country
6.2.1 Europe Electric Forklift Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Forklift Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Forklift by Region
7.1 Asia-Pacific Electric Forklift Historic Market Size by Region
7.1.1 Asia-Pacific Electric Forklift Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Forklift Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Forklift Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Forklift Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Forklift Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Forklift Sales in Value by Region (2024-2029)
8 Latin America Electric Forklift by Country
8.1 Latin America Electric Forklift Historic Market Size by Country
8.1.1 Latin America Electric Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Forklift Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Forklift Sales in Value by Country (2018-2023)
8.2 Latin America Electric Forklift Forecasted Market Size by Country
8.2.1 Latin America Electric Forklift Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Forklift Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Forklift by Country
9.1 Middle East and Africa Electric Forklift Historic Market Size by Country
9.1.1 Middle East and Africa Electric Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Forklift Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Forklift Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Forklift Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Forklift Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Forklift Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Toyota
10.1.1 Toyota Company Information
10.1.2 Toyota Introduction and Business Overview
10.1.3 Toyota Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Toyota Electric Forklift Products Offered
10.1.5 Toyota Recent Development
10.2 Kion
10.2.1 Kion Company Information
10.2.2 Kion Introduction and Business Overview
10.2.3 Kion Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Kion Electric Forklift Products Offered
10.2.5 Kion Recent Development
10.3 Jungheinrich
10.3.1 Jungheinrich Company Information
10.3.2 Jungheinrich Introduction and Business Overview
10.3.3 Jungheinrich Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Jungheinrich Electric Forklift Products Offered
10.3.5 Jungheinrich Recent Development
10.4 Mitsubishi Logisnext
10.4.1 Mitsubishi Logisnext Company Information
10.4.2 Mitsubishi Logisnext Introduction and Business Overview
10.4.3 Mitsubishi Logisnext Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Logisnext Electric Forklift Products Offered
10.4.5 Mitsubishi Logisnext Recent Development
10.5 Hyster-Yale
10.5.1 Hyster-Yale Company Information
10.5.2 Hyster-Yale Introduction and Business Overview
10.5.3 Hyster-Yale Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hyster-Yale Electric Forklift Products Offered
10.5.5 Hyster-Yale Recent Development
10.6 Crown Equipment
10.6.1 Crown Equipment Company Information
10.6.2 Crown Equipment Introduction and Business Overview
10.6.3 Crown Equipment Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Crown Equipment Electric Forklift Products Offered
10.6.5 Crown Equipment Recent Development
10.7 Anhui Heli
10.7.1 Anhui Heli Company Information
10.7.2 Anhui Heli Introduction and Business Overview
10.7.3 Anhui Heli Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Anhui Heli Electric Forklift Products Offered
10.7.5 Anhui Heli Recent Development
10.8 Hangcha
10.8.1 Hangcha Company Information
10.8.2 Hangcha Introduction and Business Overview
10.8.3 Hangcha Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hangcha Electric Forklift Products Offered
10.8.5 Hangcha Recent Development
10.9 Doosan Corporation Industrial Vehicle
10.9.1 Doosan Corporation Industrial Vehicle Company Information
10.9.2 Doosan Corporation Industrial Vehicle Introduction and Business Overview
10.9.3 Doosan Corporation Industrial Vehicle Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Doosan Corporation Industrial Vehicle Electric Forklift Products Offered
10.9.5 Doosan Corporation Industrial Vehicle Recent Development
10.10 Clark Material Handling
10.10.1 Clark Material Handling Company Information
10.10.2 Clark Material Handling Introduction and Business Overview
10.10.3 Clark Material Handling Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Clark Material Handling Electric Forklift Products Offered
10.10.5 Clark Material Handling Recent Development
10.11 Komatsu
10.11.1 Komatsu Company Information
10.11.2 Komatsu Introduction and Business Overview
10.11.3 Komatsu Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Komatsu Electric Forklift Products Offered
10.11.5 Komatsu Recent Development
10.12 Hyundai Heavy Industries
10.12.1 Hyundai Heavy Industries Company Information
10.12.2 Hyundai Heavy Industries Introduction and Business Overview
10.12.3 Hyundai Heavy Industries Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Hyundai Heavy Industries Electric Forklift Products Offered
10.12.5 Hyundai Heavy Industries Recent Development
10.13 Combilift
10.13.1 Combilift Company Information
10.13.2 Combilift Introduction and Business Overview
10.13.3 Combilift Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Combilift Electric Forklift Products Offered
10.13.5 Combilift Recent Development
10.14 Lonking
10.14.1 Lonking Company Information
10.14.2 Lonking Introduction and Business Overview
10.14.3 Lonking Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Lonking Electric Forklift Products Offered
10.14.5 Lonking Recent Development
10.15 EP Equipment
10.15.1 EP Equipment Company Information
10.15.2 EP Equipment Introduction and Business Overview
10.15.3 EP Equipment Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.15.4 EP Equipment Electric Forklift Products Offered
10.15.5 EP Equipment Recent Development
10.16 Hubtex Maschinenbau
10.16.1 Hubtex Maschinenbau Company Information
10.16.2 Hubtex Maschinenbau Introduction and Business Overview
10.16.3 Hubtex Maschinenbau Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Hubtex Maschinenbau Electric Forklift Products Offered
10.16.5 Hubtex Maschinenbau Recent Development
10.17 Paletrans Equipment
10.17.1 Paletrans Equipment Company Information
10.17.2 Paletrans Equipment Introduction and Business Overview
10.17.3 Paletrans Equipment Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Paletrans Equipment Electric Forklift Products Offered
10.17.5 Paletrans Equipment Recent Development
10.18 Godrej & Boyce
10.18.1 Godrej & Boyce Company Information
10.18.2 Godrej & Boyce Introduction and Business Overview
10.18.3 Godrej & Boyce Electric Forklift Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Godrej & Boyce Electric Forklift Products Offered
10.18.5 Godrej & Boyce Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Forklift Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Forklift Industrial Chain Analysis
11.4 Electric Forklift Market Dynamics
11.4.1 Electric Forklift Industry Trends
11.4.2 Electric Forklift Market Drivers
11.4.3 Electric Forklift Market Challenges
11.4.4 Electric Forklift Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Forklift Distributors
12.3 Electric Forklift Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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