Electric Forklift Market Size was valued at USD 48.26 Bn in 2022 and is expected to reach USD 78.67 Bn by 2029, at a CAGR of 7.23 %.
Electric Forklift Market Overview
The Electric Forklift Market report published by MMR encompasses various segments that offer up-to-date business data and insights into the industry’s future through careful assessment and examination. Titled as the Electric Forklift Market Report 2021, the report categorizes the market by manufacturer, type, application, and region. It provides an in-depth analysis, revenue statistics, and other crucial data about the global Electric Forklift industry. The report also covers various trends, drivers, limitations, opportunities, and threats that the market is expected to face during the forecast period.
For Complete Market Insights, Access the Link-
@ https://www.maximizemarketresearch.com/request-sample/198700
Electric Forklift Market Scope
The Electric Forklift market report covers the forecast period from 2022 to 2029, with 2021 as the base year. The market size in terms of value and volume for 2021 is estimated based on actual figures and outputs of prominent players worldwide. The market trends from the past five years, specifically from 2016, are taken into account while projecting the market outlook for the period of 2022 to 2029. However, the year 2021 is analyzed separately, considering the impact of regional lockdown measures.
Furthermore, the report provides a comprehensive analysis of the Electric Forklift industry, including market segmentation based on product type, applications, end-use, and region. It incorporates an examination of historical market dynamics from 2018 to 2021, enabling readers to compare past trends with the current market scenarios and understand the contributions of key players.
Electric Forklift Market Segmentation
In terms of product type, the worldwide electric forklift market share in 2022 was dominated by the electric counterbalance forklifts segment. These forklifts’ rear counterweight contributes to its stability and balance. They can therefore be used for a variety of material-handling tasks in a variety of industries. Their superiority in the market is a result of their adaptability, effectiveness, and capacity to manage a range of load sizes. Nonetheless, electric forklifts made especially for interior operation in warehouses and distribution facilities are included in the Warehouse Forklifts category. They frequently have small footprints, excellent mobility, and tailored attachments for effective pallet handling and stacking. This market is anticipated to expand at a notable CAGR over the course of the forecast period due to the growing demand for class III electric forklifts from the construction industry, particularly heavy-duty task operations.
The popularity of lithium-ion batteries is predicted to drive a compound annual growth rate (CAGR) of 21.9% from 2022 to 2029. Increased funding for research and development as well as the advantages of Li-ion batteries over traditional battery technology—such as their superior durability, quicker charging times, and lightweight nature—have an impact on this rise. Lead-acid batteries, however, continue to dominate the electric forklift market. Historically, it has been utilized in electric forklifts since it is less expensive than lithium-ion batteries. Lead-acid batteries are still widely used in many industries because they offer an affordable option for material handling tasks.
The sector of the economy that produced the greatest amount of electric forklifts in 2022 was the manufacturing sector, and this trend is anticipated to continue throughout the projection period. In many circumstances, electric forklifts are the only tools needed in manufacturing facilities to handle materials, run warehouses, and perform loading and unloading duties effectively. The need to increase productivity, streamline processes, and guarantee the safe and dependable transportation of commodities throughout manufacturing facilities are what are driving the need. Over the course of the projection period, these variables should accelerate the segment’s growth.
Electric Forklift Market Size and Forecast, by Product Type (2022-2029)
1. Electric Counterbalance Forklift
2. Electric Warehouse Forklifts
3. Electric Pallet Jacks and Stackers
4. Electric Reach
5. Electric Order Pickers
6. Others
Electric Forklift Market Size and Forecast, by Battery Type (2022-2029)
1. Lead-acid Batteries
2. Lithium-ion Batteries
3. Fuel cell
Electric Forklift Market Size and Forecast, Load capacity (2022-2029)
1. 0-5 Tons
2. 5-10 Tons
3. 10-15 Tons
4. Above 15 Tons
Electric Forklift Market Size and Forecast, by End-use Industry (2022-2029)
1. Standalone Salons
2. Salon Chains
3. Spa and Wellness Centres
Electric Forklift Market Size and Forecast, by Region (2022-2029)
5. North America
5. Europe
5. Asia Pacific
5. Middle East and Africa
5. South America
Get a Sample PDF of the report at –
@ https://www.maximizemarketresearch.com/request-sample/198700
Electric Forklift Market Key Players
1. Toyota Material Handling
2. KION Group (Includes brands like Linde Material Handling and STILL)
3. Crown Equipment Corporation
4. Hyster-Yale Materials Handling
5. Mitsubishi Logisnext (Includes brands like Mitsubishi Forklift Trucks and Cat Lift Trucks)
6. Jungheinrich AG
7. Komatsu Ltd.
8. Hangcha Group Co., Ltd.
9. Anhui Heli Co., Ltd.
10. Clark Material Handling International
11. EP Equipment
12. BYD Company Ltd.
13. Doosan Industrial Vehicle
14. Manitou Group
15. Hyundai Heavy Industries
16. Lonking Holdings Limited
17. Godrej & Boyce Manufacturing Co. Ltd.
18. Cascade Corporation
19. HELI Forklift Co., Ltd.
20. Tailift Co., Ltd.
Get a Sample PDF of the report at –
@ https://www.maximizemarketresearch.com/market-report/electric-forklift-market/198700/
Electric Forklift Market Regional Analysis
The Electric Forklift market report provides comprehensive insights and understanding of the current trends, dynamics, and key issues within the market. It highlights the most significant developments that impact the industry, helping readers stay informed about the latest advancements. The report aids in identifying the crucial information presented and assessing the competitive landscape of major companies, analyzing Electric Forklift market dynamics, and other factors that assist in formulating effective marketing strategies.
Key Questions answered in the Electric Forklift Market Report are:
- What is Electric Forklift Market?
- What is the forecast period of the Electric Forklift Market?
- What is the competitive scenario of the Electric Forklift market?
- Which region held the largest market share in the Electric Forklift Market?
- What are the opportunities for the Electric Forklift Market?
- What factors are affecting the Electric Forklift market growth?
- Who are the key players of the Electric Forklift market?
- Which company held the largest share in the Electric Forklift market?
- What will be the CAGR of the Electric Forklift market during the forecast period?
- What key trends are likely to emerge in the Electric Forklift market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Electric Forklift#
- Landscape- Electric Forklifting key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
