Goldstein Market
Date of publication: 28 December 2020
Electric Forklift Market Research 2017-2030 by Goldstein Market Intelligence
Electric forklift trucks market is expected to expand at a compound annual growth rate (CAGR) of 7.1% over the forecast period of 2017-2030.

According to the Goldstein Market Intelligence, Electric forklift trucks market is expected to expand at a compound annual growth rate (CAGR) of 7.1% over the forecast period of 2017-2030.

Huge expenditure on ports infrastructure development and a surge in e-commerce are among factors that are leading to an increase in containerization and palletisation. This is a positive trend for the electric forklift trucks industry. On the other hand, rental will constitute of 25-35% of the electric forklift trucks market in the next five years. Rental forklift trucks market is developing at a remarkable rate. Previously the rental market was typically dominated by the small players; who utilized their fleets to meet peak loads in various capacities. But the situation is changing rapidly, majority of the OEMs have now entered in the rental and leasing market and are now providing rental services along with a cluster of value added services. 

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Market Segmentation

By Product Type

  • Warehouse Forklift Trucks
  • Counterbalance Forklift Trucks

By End Users

  • Retail and Wholesale
  • Logistics
  • Automotive
  • Food Industry
  • Others (Paper Industry, Wood Industry, etc.)

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion), Unit Sales (Thousand Units)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Unit Sales (Thousand Units)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Unit Sales (Thousand Units)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Unit Sales (Thousand Units)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Unit Sales (Thousand Units)}
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 Covered in this Electric Forklift Market Report are “Electric Forklift Market Research 2030” by Goldstein Market Intelligence contains detailed overview of Electric Forklift Market in terms of market segmentation by analysis basis, therapy type and geography. The Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis Electric Forklift Market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Key Market Players

Jungheinrich Lift Truck Corp.

Kion Group AG

Toyota Industries Corp.

Hyster-Yale Group


Further, Electric Forklift Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the Electric Forklift Market Research also comprises of key challenges, risk analysis, BPS analysis, SWOT Analysis and Market Attractiveness. The report also highlights the expert analysis to provide a complete overview of the market including the PESTLE analysis of each region and country. 

About Goldstein Market Intelligence 
Goldstein Market Intelligence helping businesses to be successful at strategy and take informed decisions to grow the business in future. Goldstein Market Intelligence is one of the leading professional services firms, providing Intelligence Services, Consulting & Advisory and research related services to clients. We, at Goldstein Intelligence Group (GIG) practice works side by side with chief executives and their teams to create effective strategies and secure alignment across the organisation. Goldstein Intelligence Group (GIG), a network of worldwide professional services firms, as a leading group with a strong commitment to establishing itself as a truly global-minded professional firm that can provide professional services across the world.

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