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