Market by Type, Power Source, and End-user | Forecast 2022-2028
According to Triton
Market Research’s report, the Saudi Arabia forklift truck market is expected to
advance with a CAGR of 4.62% during
the forecast period 2022-2028. The market obtained $915.63 million in 2021 and is likely to gain revenue worth $1282.70 million by 2028.
Further, in terms of volume, the Saudi Arabia forklift
truck market is to rise with a CAGR of 4.48% during the forecast
period 2022-2028. The market totaled
5860 units in 2021 and is expected
to reach 8080 units by 2028.
Forklifts are industrial lifting trucks that move materials
from one place to another. They are deployed at warehouses, ports, logistics,
etc., carrying the load at a specific maximum weight and forward center of
gravity. As a result, companies are launching a new range of forklifts with
powerful engines, increased lifting capacity, and comfort.
The market’s growth is highly supported by the rise in
infrastructure projects, the growing e-commerce industry, and warehouse
expansions. Saudi Arabia’s construction industry is the
largest in the Gulf Cooperation Council (GCC). According to the Kingdom of
Saudi Arabia, more than 6 Giga projects worth $7 trillion are underway or
planned for completion by the end of 2030. The projects include the development
of smart cities and projects such as the NEOM City, Aseer Development Project,
Qiddiya, Red Sea Development Company, AMAALA etc. These projects drive the
demand for forklift trucks in the country.
However, the volatile
price of raw materials restricts the market’s growth. There are a limited
number of suppliers that OEMs rely on for components employed in forklift
trucks, such as semiconductors, sensors, and actuators. Also, Saudi Arabia is
highly dependent on machinery and technological exports from other countries,
which may hamper the forklift truck market across the nation.
Triton Market
Research’s report provides in-depth insight into the Saudi Arabia forklift
truck market. The detailed market analysis includes Porter’s five forces
analysis, market concentration, cost structure benchmarking, value chain
analysis, regulatory framework, key market strategies, key buying criteria, and
market opportunities. The segmentation analysis of the Saudi Arabia forklift
truck market includes the market by type, power source, and end-user.
The key players involved in the Saudi Arabia
Forklift Truck market are Mitsubishi Logisnext Co Ltd, Toyota Industries
Corporation, Doosan Group, Lonking Holdings Limited, Hyster-Yale
Materials Handling Inc, Caterpillar Inc, Hyundai Heavy Industries Co Ltd,
Jungheinrich AG, and Kion Group AG.
Market by End-user, Applicatio ..
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Market by Type (ETP (Electroly ..
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Market by Material, User, Prod ..
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Market by Power Source, Type, ..
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VIEW REPORT1. SAUDI
ARABIA FORKLIFT TRUCKS MARKET – SUMMARY
1.1. MARKET
OVERVIEW
1.2. MARKET
SIZE & FORECASTS
1.3. MARKET
DRIVING ASPECTS
1.4. MARKET
RESTRAINING ASPECTS
2. SAUDI
ARABIA FORKLIFT TRUCKS INDUSTRY OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE SAUDI ARABIA FORKLIFT TRUCKS MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.3. MARKET
CONCENTRATION
2.4. COST
STRUCTURE BENCHMARKING
2.5. DRIVERS
FOR CHINESE BRANDS
2.6. VALUE
CHAIN ANALYSIS
2.7. REGULATORY
FRAMEWORK
2.8. KEY
MARKET STRATEGIES
2.9. KEY
BUYING CRITERIA
2.10. MARKET
OPPORTUNITIES
3. SAUDI
ARABIA FORKLIFT TRUCKS MARKET - BY TYPE (IN $ MILLION)
3.1. CLASS
1
3.2. CLASS
2
3.3. CLASS
3
3.4. CLASS
4 & 5
4. SAUDI
ARABIA FORKLIFT TRUCKS MARKET - BY POWER SOURCE (IN $ MILLION)
4.1. IC ENGINE-POWERED
4.2. ELECTRIC-POWERED
5. SAUDI
ARABIA FORKLIFT TRUCKS MARKET - BY END-USER (IN $ MILLION)
5.1. RETAIL
& E-COMMERCE
5.2. CONSTRUCTION
5.3. MANUFACTURING
5.4. OTHER
END-USERS
6. COMPETITIVE
LANDSCAPE
6.1. HYSTER-YALE
MATERIALS HANDLING INC
6.1.1. OVERVIEW
6.1.2. PRODUCT
PORTFOLIO
6.1.3. KEY STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. HYUNDAI
HEAVY INDUSTRIES CO LTD
6.2.1. OVERVIEW
6.2.2. PRODUCT
PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. JUNGHEINRICH
AG
6.3.1. OVERVIEW
6.3.2. PRODUCT
PORTFOLIO
6.3.3. KEY
STRENGTHS
6.3.4. KEY
CHALLENGES
6.4. LONKING
HOLDINGS LIMITED
6.4.1. OVERVIEW
6.4.2. PRODUCT
PORTFOLIO
6.4.3. KEY STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. MITSUBISHI
LOGISNEXT CO LTD
6.5.1. OVERVIEW
6.5.2. PRODUCT
PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. TOYOTA
INDUSTRIES CORPORATION
6.6.1. OVERVIEW
6.6.2. PRODUCT
PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. KION
GROUP AG
6.7.1. OVERVIEW
6.7.2. PRODUCT
PORTFOLIO
6.7.3. KEY
STRENGTHS
6.7.4. KEY
CHALLENGES
6.8. DOOSAN GROUP
6.8.1. OVERVIEW
6.8.2. PRODUCT
PORTFOLIO
6.8.3. KEY
STRENGTHS
6.8.4. KEY
CHALLENGES
6.9. CATERPILLAR
INC
6.9.1. OVERVIEW
6.9.2. PRODUCT
PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
TABLE 1: SAUDI ARABIA FORKLIFT
TRUCKS MARKET 2022-2028 (IN $ MILLION)
TABLE 2: SAUDI ARABIA FORKLIFT
TRUCKS MARKET 2022-2028 (IN UNITS)
TABLE 3: SAUDI ARABIA FORKLIFT
TRUCKS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: SAUDI ARABIA FORKLIFT
TRUCKS MARKET, BY POWER SOURCE, 2022-2028 (IN $ MILLION)
TABLE 5: SAUDI ARABIA FORKLIFT
TRUCKS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
FIGURE 1: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 2: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY CLASS 1, 2022-2028 (IN $ MILLION)
FIGURE 3: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY CLASS 2, 2022-2028 (IN $ MILLION)
FIGURE 4: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY CLASS 3, 2022-2028 (IN $ MILLION)
FIGURE 5: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY CLASS 4 & 5, 2022-2028 (IN $ MILLION)
FIGURE 6: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY POWER SOURCE, 2021 & 2028 (IN %)
FIGURE 7: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY IC ENGINE-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 8: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY ELECTRIC-POWERED, 2022-2028 (IN $ MILLION)
FIGURE 9: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 10: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY RETAIL & E-COMMERCE, 2022-2028 (IN $ MILLION)
FIGURE 11: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY CONSTRUCTION, 2022-2028 (IN $ MILLION)
FIGURE 12: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)
FIGURE 13: SAUDI ARABIA
FORKLIFT TRUCKS MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)