EUROPE FORKLIFT TRUCK MARKET 2022-2028

Building & Construction | Construction Materials

EUROPE FORKLIFT TRUCK MARKET 2022-2028

Market by Product Type, Power Source, Class, End-user, and Country Outlook | Forecast 2022-2028

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Based on Triton’s estimates, the forklift truck market in Europe is set to showcase growth at a compound annual growth rate of 7.47% during the forecasting years 2022-2028.



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The countries included in the region comprise:

•         The United Kingdom

•         Germany

•         France

•         Spain

•         Italy

•        Belgium

•         Rest of Europe

In the region, Germany holds the highest shares in the forklift truck market. Forklift trucks are widely used in supply chain management. Moreover, they are gaining traction due to their compact size, flexibility, and energy efficiency. The growing e-commerce sales have elevated the demand for forklift trucks to effectively handle the movement of materials within warehouses. Several manufacturers are able to capitalize on the rising demand and falling steel costs.

The German market is fueled by favorable government regulations promoting the manufacturing sector. As per estimates, around 20% of the nation’s GDP is generated from the manufacturing sector. This has led the government to improve manufacturing through the adoption of new and advanced technologies like forklift trucks. Therefore, such developments are estimated to open new avenues for the forklift truck market.

On the other hand, the expansion of the construction industry supports the French forklift truck market. This is mainly because these trucks have proven beneficial in handling construction materials such as wood and steel. Thus, the rising construction activities positively influence the adoption of forklift trucks across France.

The class 1 forklift trucks are battery-powered that are ideal for indoor use, producing no emission. These trucks help grab pallets from the back of the tractor-trailer, making them versatile for use in various applications. These applications include loading docks to storage. The introduction of new battery technologies supports the category’s growth. The market is widely segmented into class, power source, product type, and end-user. The class category includes classes 1, 2, 3, 4, and 5.

The prominent companies thriving in the market consist of Jungheinrich AG, EP Equipment Co Ltd, Hyster-Yale Materials Handling Inc, and Komatsu Ltd.

Jungheinrich AG is engaged in providing material handling equipment, material flow engineering, and warehousing services. The company serves a wide clientele base across multiple countries. Its product line includes batteries, diesel and gas-powered forklifts, and stackers. Jungheinrich has operations globally, with headquarters located in Germany.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the forklift truck market revenue growth in Europe and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces


      A wide-ranging study of factors that will challenge the Europe forklift truck market’s growth during the upcoming years

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Table of Content

1. EUROPE FORKLIFT TRUCK MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE FORKLIFT TRUCK MARKET

2.2. KEY INSIGHTS

2.2.1. FUEL EFFICIENCY AND LOW CARBON EMISSIONS

2.2.2. COUNTERBALANCE FORKLIFT HOLDS THE HIGHEST SHARE IN THE PRODUCT TYPE SEGMENT

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4.  KEY IMPACT ANALYSIS

2.4.1. COST

2.4.2. TYPE OF ENGINE 

2.4.3. PAYLOAD CAPACITIES   

2.4.4. LIFT HEIGHT

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. REGULATORY FRAMEWORK

2.8. KEY MARKET STRATEGIES

2.8.1. ACQUISITIONS

2.8.2. PRODUCT LAUNCHES

2.8.3. CONTRACTS & AGREEMENTS

2.9. MARKET DRIVERS

2.9.1. GROWTH IN INFRASTRUCTURE PROJECTS 

2.9.2. WAREHOUSE EXPANSIONS

2.9.3. THRIVING E-COMMERCE INDUSTRY

2.10. MARKET CHALLENGE

2.10.1. VOLATILE COST OF RAW MATERIALS

2.11. MARKET OPPORTUNITIES

2.11.1. RISING INVESTMENTS IN AUTONOMOUS FORKLIFT TRUCKS

2.11.2. GOVERNMENT STEPS TO PROMOTE ELECTRIC VEHICLES

3. EUROPE FORKLIFT TRUCK MARKET OUTLOOK - BY PRODUCT TYPE

3.1. WAREHOUSE FORKLIFT

3.2. COUNTERBALANCE FORKLIFT

4. EUROPE FORKLIFT TRUCK MARKET OUTLOOK - BY POWER SOURCE

4.1. INTERNAL COMBUSTION ENGINE

4.2. ELECTRIC MOTOR

5. EUROPE FORKLIFT TRUCK MARKET OUTLOOK - BY CLASS

5.1. CLASS 1

5.2. CLASS 2

5.3. CLASS 3

5.4. CLASS 4

5.5. CLASS 5

6. EUROPE FORKLIFT TRUCK MARKET OUTLOOK - BY END-USER

6.1. RETAIL & WHOLESALE

6.2. LOGISTICS

6.3. MANUFACTURING

6.4. AUTOMOTIVE

6.5. FOOD INDUSTRY

6.6. OTHER END-USERS

7. EUROPE FORKLIFT TRUCK MARKET – COUNTRY OUTLOOK

7.1. UNITED KINGDOM

7.2. GERMANY

7.3. FRANCE

7.4. SPAIN

7.5. ITALY

7.6. BELGIUM

7.7. REST OF EUROPE 

8. COMPETITIVE LANDSCAPE

8.1. HANGCHA GROUP CO LTD

8.2. KION GROUP AG

8.3. ANHUI HELI CO LTD   

8.4. CLARK MATERIAL HANDLING COMPANY   

8.5. CROWN EQUIPMENT CORPORATION         

8.6. TOYOTA INDUSTRIES CORPORATION        

8.7. MITSUBISHI LOGISNEXT CO LTD  

8.8. JUNGHEINRICH AG     

8.9. EP EQUIPMENT CO LTD       

8.10. HYSTER-YALE MATERIALS HANDLING INC       

8.11. HYUNDAI HEAVY INDUSTRIES CO LTD 

8.12. KOMATSU LTD

8.13. LONKING HOLDINGS LIMITED         

8.14. GODREJ & BOYCE MANUFACTURING COMPANY LIMITED    

8.15. DOOSAN GROUP

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: EUROPE FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: EUROPE FORKLIFT TRUCK MARKET BY POWER SOURCE, 2022-2028 (IN $ MILLION)

TABLE 6: EUROPE FORKLIFT TRUCK MARKET BY CLASS, 2022-2028 (IN $ MILLION)

TABLE 7: EUROPE FORKLIFT TRUCK MARKET BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 8: EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: EUROPE FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)

FIGURE 3: EUROPE FORKLIFT TRUCK MARKET, BY WAREHOUSE FORKLIFT, 2022-2028 (IN $ MILLION)

FIGURE 4: EUROPE FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2022-2028 (IN $ MILLION)

FIGURE 5: EUROPE FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2021 & 2028 (IN %)

FIGURE 6: EUROPE FORKLIFT TRUCK MARKET, BY INTERNAL COMBUSTION ENGINE, 2022-2028 (IN $ MILLION)

FIGURE 7: EUROPE FORKLIFT TRUCK MARKET, BY ELECTRIC MOTOR, 2022-2028 (IN $ MILLION)

FIGURE 8: EUROPE FORKLIFT TRUCK MARKET, BY CLASS, 2021 & 2028 (IN %)

FIGURE 9: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 1, 2022-2028 (IN $ MILLION)

FIGURE 10: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 2, 2022-2028 (IN $ MILLION)

FIGURE 11: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 3, 2022-2028 (IN $ MILLION)

FIGURE 12: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 4, 2022-2028 (IN $ MILLION)

FIGURE 13: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 5, 2022-2028 (IN $ MILLION)

FIGURE 14: EUROPE FORKLIFT TRUCK MARKET, BY END-USER, 2021 & 2028 (IN %)

FIGURE 15: EUROPE FORKLIFT TRUCK MARKET, BY RETAIL & WHOLESALE, 2022-2028 (IN $ MILLION)

FIGURE 16: EUROPE FORKLIFT TRUCK MARKET, BY LOGISTICS, 2022-2028 (IN $ MILLION)

FIGURE 17: EUROPE FORKLIFT TRUCK MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)

FIGURE 18: EUROPE FORKLIFT TRUCK MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

FIGURE 19: EUROPE FORKLIFT TRUCK MARKET, BY FOOD INDUSTRY, 2022-2028 (IN $ MILLION)

FIGURE 20: EUROPE FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)

FIGURE 21: EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 22: UNITED KINGDOM FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: GERMANY FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: FRANCE FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: SPAIN FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: ITALY FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: BELGIUM FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: REST OF EUROPE FORKLIFT TRUCK MARKET 2022-2028 (IN $ MILLION)

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