Market by Power Source, Type, End-user, and Country Outlook | Forecast 2023-2030
According to a recent analysis by Triton Market Research, the European market for forklift truck is projected to achieve a compound annual growth rate of 7.88% in terms of revenue and 5.45% in terms of volume over the forecast period spanning from 2023 to 2030.
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The countries considered in this
given region consist of:
•
United Kingdom
•
Germany
•
France
•
Spain
•
Italy
•
Rest of Europe
Forklifts
are critical in the manufacturing sector for the efficient transfer and
handling of heavy goods, resulting in cost reductions and productivity gains.
Moreover, the expanding manufacturing sector in Europe presents a favorable
environment for the growth of the forklift market, offering lucrative
opportunities to industry players. As countries such as the UK and Germany are
major economies globally, extensive trade takes place through various logistics
routes, leading to the establishment of numerous warehouses at trading points
such as ports and airports. As a result, the rising demand for these business
requirements is expected to contribute to the growth of the forklift truck
market.
Italy is expected to witness the fastest growth
in the region’s market. Increased investment in the construction sector,
driven by post-pandemic public works and government incentives for sustainable
and digital buildings, has boosted the construction sector. Furthermore, the
thriving automotive industry in Italy has led to higher utilization and demand
for forklifts in the country. These dynamics collectively contribute to the
ongoing progress and advancement of the forklift truck market in Europe.
Class 1 type consists of forklifts with electric motors
powered by industrial batteries and load capacities of 3,000-12,000 pounds.
They are versatile indoors, quiet, emission-free, and can grip pallets from
semi-trucks. Class 2 includes electric narrow aisle trucks with load capacities
of 3,000-5,000 lbs., which are ideal for tight spaces and narrow aisles in
warehouses and provide more racking space without increasing floor space. These
factors are driving the growth of the respective categories in the forklift
market.
The forklift truck market is
categorized into three key segments: power source, end-user, and type. Within the type segment, there are
further divisions, including class 1, class 2, class 3, and class 4 and 5.
The market report features prominent companies
such as Toyota Industries Corporation, Kion Group AG, Clark Material Handling
Company, Komatsu Ltd, Jungheinrich AG, Mitsubishi Logisnext Co Ltd, Hangcha
Group Co Ltd, Crown Equipment Corporation, and Doosan Corporation.
Clark
Material Handling Company (CMHC) is a forklift manufacturer based in Lexington,
Kentucky. Its product line includes a wide range of forklifts with capacities
from 1,500 to 18,000 pounds, including diesel, gasoline and LPG, electric hand
trucks, and narrow aisle forklifts. With a strong global presence, CMHC has
more than 250,000 forklifts in operation in North America and 350,000 units
worldwide. The company maintains distribution warehouses in several countries,
including Germany.
Key deliverables of the report:
●
Market CAGR during the forecasting years 2023-2030
●
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
Want to get specific insights? Our team of analysts
can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
FORKLIFT TRUCK MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FORKLIFT TRUCK MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. INDUSTRY
COMPONENTS
2.4.1. SUPPLIERS
2.4.2. MANUFACTURERS
2.4.3. DISTRIBUTORS
2.4.4. END-USER
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. COST
2.5.2. ENGINE
TYPE
2.5.3. PAYLOAD
CAPACITIES
2.5.4. LIFT
HEIGHT
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES
2.6.2. BUSINESS
DIVESTITURES AND EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. GROWING
DEMAND FROM THE E-COMMERCE SECTOR
2.7.2. TRANSITION
TOWARD AUTOMATION OF MANUFACTURING PLANTS
2.8. MARKET
CHALLENGES
2.8.1. STRINGENT
TRAINING AND EMISSIONS REGULATIONS
2.8.2. FLUCTUATING
PRICE OF RAW MATERIALS
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
DEMAND FOR ELECTRIC FORKLIFTS
2.9.2. INTRODUCTION
OF AUTONOMOUS VEHICLE TECHNOLOGY FOR MATERIAL HANDLING
2.10. ANALYST
PERSPECTIVE
3. EUROPE
FORKLIFT TRUCK MARKET – BY POWER SOURCE
3.1. IC
ENGINE POWERED
3.2. ELECTRIC
POWERED
4. EUROPE
FORKLIFT TRUCK MARKET – BY TYPE
4.1. CLASS
1
4.2. CLASS
2
4.3. CLASS
3
4.4. CLASS
4 & 5
5. EUROPE
FORKLIFT TRUCK MARKET – BY END-USER
5.1. RETAIL
AND E-COMMERCE
5.2. CONSTRUCTION
5.3. MANUFACTURING
5.4. OTHER
END-USERS
6. EUROPE
FORKLIFT TRUCK MARKET – BY COUNTRY OUTLOOK
6.1. EUROPE
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
KINGDOM
6.1.1.1.1. UNITED
KINGDOM FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.2. GERMANY
6.1.1.2.1. GERMANY
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.3. FRANCE
6.1.1.3.1. FRANCE
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.4. ITALY
6.1.1.4.1. ITALY
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.5. SPAIN
6.1.1.5.1. SPAIN
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.1.6. REST
OF EUROPE
6.1.1.6.1. REST
OF EUROPE FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. TOYOTA
INDUSTRIES CORPORATION
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGE
7.2. KION
GROUP AG
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY
CHALLENGE
7.3. HYSTER-YALE
MATERIALS HANDLING INC
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. KOMATSU
LTD
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. JUNGHEINRICH
AG
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGE
7.6. MITSUBISHI
LOGISNEXT CO LTD
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. HANGCHA
GROUP CO LTD
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. DOOSAN
CORPORATION
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. CROWN
EQUIPMENT CORPORATION
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTH
7.9.4. KEY
CHALLENGE
7.10. CLARK
MATERIAL HANDLING COMPANY
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY
OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LIST OF PRODUCT LAUNCHES
TABLE 3: LIST OF BUSINESS DIVESTITURES &
EXPANSIONS
TABLE 4: EUROPE FORKLIFT TRUCK MARKET, BY POWER
SOURCE, 2023-2030 (IN $ MILLION)
TABLE 5: EUROPE FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 6: EUROPE FORKLIFT TRUCK MARKET, BY END-USER,
2023-2030 (IN $ MILLION)
TABLE 7: EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY
OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: EUROPE FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2022 & 2030
(IN %)
FIGURE 5: EUROPE FORKLIFT TRUCK MARKET, BY IC ENGINE POWERED, 2023-2030
(IN $ MILLION)
FIGURE 6: EUROPE FORKLIFT TRUCK MARKET, BY ELECTRIC POWERED, 2023-2030
(IN $ MILLION)
FIGURE 7: EUROPE FORKLIFT TRUCK MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE 8: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 1, 2023-2030 (IN $
MILLION)
FIGURE 9: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 2, 2023-2030 (IN $
MILLION)
FIGURE 10: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 3, 2023-2030 (IN $
MILLION)
FIGURE 11: EUROPE FORKLIFT TRUCK MARKET, BY CLASS 4 & 5, 2023-2030
(IN $ MILLION)
FIGURE 12: EUROPE FORKLIFT TRUCK MARKET, BY END-USER, 2022 & 2030 (IN
%)
FIGURE 13: EUROPE FORKLIFT TRUCK MARKET, BY RETAIL AND E-COMMERCE,
2023-2030 (IN $ MILLION)
FIGURE 14: EUROPE FORKLIFT TRUCK MARKET, BY CONSTRUCTION, 2023-2030 (IN $
MILLION)
FIGURE 15: EUROPE FORKLIFT TRUCK MARKET, BY MANUFACTURING, 2023-2030 (IN
$ MILLION)
FIGURE 16: EUROPE FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2023-2030
(IN $ MILLION)
FIGURE 17: EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY OUTLOOK, 2022 &
2030 (IN %)
FIGURE 18: UNITED KINGDOM FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: GERMANY FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: FRANCE FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 21: ITALY FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: SPAIN FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: REST OF EUROPE FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)