MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET 2019-2027

Building & Construction | Construction Materials

MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET 2019-2027

Market By Product Type, Power Source, Class, End-user, And Geography | Forecast 2019-2027

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As per a Triton research report, the Middle East and Africa market for forklift trucks is set to surge at a CAGR of 1.47% in the forecasting years between 2019 and 2027.

The countries assessed in the report on the Middle East and Africa forklift truck market are:

•    Saudi Arabia

•    Turkey

•    South Africa

•    The UAE

•    Rest of MEA

In the construction sector, forklift trucks are utilized to facilitate routine operations involving loading and unloading as well as handling of heavy material equipment. The construction industry in the Middle East and Africa has been escalating, owing to rising investments by the governments of the United Arab Emirates and Saudi Arabia. The growth in the construction industry raises the demand for forklift trucks, which, in turn, fuels the growth of the forklift truck market in the Middle East and Africa.

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The retail and airport segments generate significant revenue for the forklift truck market in Saudi Arabia. The e-commerce sector in the KSA is the second-largest in the Middle East, with over 9.6 million e-shoppers, The CITC states that there has been an increase in online shopping transactions, which showed a 49.9% volume growth in 2018, which can be attributed to the growing per capita incomes. The strategic location of Saudi Arabia in the world has made the country a favorable spot for international trade. Besides, there are a large number of tourist attractions in the country that have attracted visitors from all over the world. This has led to the growth of the airport segment. Both the retail and the airport segments require warehouses, in which, forklift trucks are required to ensure effective logistics supply. Thus, there is a heightened demand for forklift trucks, which thereby fuels the growth of the Saudi Arabian forklift truck market.

KION Group manufactures materials handling equipment. Industrial Trucks & Services is one of the main segments in which the company operates. KION Group offers electric forklift trucks, diesel & LPG gas forklift trucks, platform trucks & tractors, and warehouse handling equipment, among others. The company operates in Europe, the Middle East and Africa, the Americas, and the Asia-Pacific. In July 2019, the company collaborated with BMZ Holding GmbH, to develop a joint venture called ‘KION Battery Systems GmbH,’ that would manufacture Li-ion batteries for industrial trucks in the EMEA region. 

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Table of Content

1.    MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET – SUMMARY       

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION                 

2.2. EVOLUTION & TRANSITION OF FORKLIFT TRUCKS        

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS    

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS      

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. MARKET DRIVERS         

2.8.1. INCREASING GROWTH OF THE MANUFACTURING INDUSTRY  

2.8.2. RISE IN E-COMMERCE BUSINESS       

2.8.3. WAREHOUSE EXPANSIONS      

2.9. MARKET RESTRAINTS  

2.9.1. LIMITED NUMBER OF RAW MATERIAL SUPPLIERS

2.10. MARKET OPPORTUNITIES     

2.10.1. TECHNOLOGICAL ADVANCEMENTS IN FORKLIFT TRUCKS     

2.10.2. ADOPTION OF ENVIRONMENT-FRIENDLY LOGISTICS

2.10.3. COUNTERBALANCE FORKLIFT TO HOLD THE LARGEST SHARE IN THE PRODUCT TYPE SEGMENT          

2.11. MARKET CHALLENGES          

2.11.1. GOVERNMENT RULES & REGULATIONS     

3.    MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET OUTLOOK – BY PRODUCT TYPE     

3.1. WAREHOUSE FORKLIFT           

3.2. COUNTERBALANCE FORKLIFT          

4.    MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET OUTLOOK – BY POWER SOURCE     

4.1. INTERNAL COMBUSTION ENGINE     

4.2. ELECTRIC MOTOR          

5.    MIDDLE EAST AND AFRICA 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.    MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET OUTLOOK – BY END-USER   

6.1. RETAIL & WHOLESALE 

6.2. LOGISTICS

6.3. AUTOMOTIVE       

6.4. FOOD INDUSTRY

6.5. OTHERS     

7.    MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET – REGIONAL OUTLOOK          

7.1. UNITED ARAB EMIRATES         

7.2. TURKEY     

7.3. SAUDI ARABIA     

7.4. SOUTH AFRICA   

7.5. REST OF MIDDLE EAST & AFRICA    

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 CORPORATION INDUSTRIAL VEHICLE

9.    METHODOLOGY & SCOPE  

9.1. RESEARCH SCOPE & DELIVERABLES        

9.2. SOURCES OF DATA       

9.3. RESEARCH METHODOLOGY   

List of table

TABLE 1: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 5: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 6: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2019-2027 (IN $ MILLION)

TABLE 7: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY CLASS, 2019-2027 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY END-USER, 2019-2027 (IN $ MILLION)

 

List of Figures

FIGURE 1: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2019-2027 (IN $ MILLION)

FIGURE 2: EVOLUTION OF FORKLIFT TRUCK

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: KEY BUYING IMPACT ANALYSIS

FIGURE 5: MARKET ATTRACTIVENESS INDEX

FIGURE 6: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY WAREHOUSE FORKLIFT, 2019-2027 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY COUNTERBALANCE FORKLIFT, 2019-2027 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY INTERNAL COMBUSTION ENGINE, 2019-2027 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY ELECTRIC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY CLASS 1, 2019-2027 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY CLASS 2, 2019-2027 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY CLASS 3, 2019-2027 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY CLASS 4, 2019-2027 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY CLASS 5, 2019-2027 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY RETAIL & WHOLESALE, 2019-2027 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY LOGISTICS, 2019-2027 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY FOOD INDUSTRY, 2019-2027 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 20: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 21: UNITED ARAB EMIRATES FORKLIFT TRUCK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: TURKEY FORKLIFT TRUCK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: SAUDI ARABIA FORKLIFT TRUCK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: SOUTH AFRICA FORKLIFT TRUCK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: REST OF MIDDLE EAST & AFRICA FORKLIFT TRUCK MARKET, 2019-2027 (IN $ MILLION)

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