Electric Forklift Market In 2022 (Short Definition) : Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations.
Global “Electric Forklift Market” Size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2027. The report offers a comprehensive analysis of key segments, trends, opportunities, challenges, drivers, restraints and factors that are playing a substantial role in the market. The report also tells about the Electric Forklift Market segmentation on a different basis and how a competitive environment is developed among the key players around the globe.
Electric Forklift Market Size Forecast to 2027 With COVID-19 Impact Analysis
The COVID-19 pandemic has had a huge impact on the global economy. With the virus spreading across 188 countries, a number of businesses were shut down and many people lost their jobs. The virus mostly affected small businesses, but large corporations felt the impact as well. Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of Electric Forklift.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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According to Electric Forklift market analysis, various quantitative and qualitative analyses have been done to measure the performance of the global market. The report bears information regarding market segments, Value Chain, market dynamics, market overview, regional analysis, Porter’s Five Forces analysis, and some recent developments in the market. The study covers the existing short-term and long-term market effect, helping decision-makers to draught short-term and long-term plans for businesses by region.
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Competitive Landscape
To get a detailed and profound idea about the Electric Forklift market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc.
The Top Key players of Electric Forklift Market include :
- Toyota
- Kion
- Jungheinrich
- Mitsubishi Logisnext
- Hyster-Yale
- Crown Equipment
- Anhui Heli
- Hangcha
- Doosan Corporation Industrial Vehicle
- Clark Material Handling
- Komatsu
- Hyundai Heavy Industries
- Combilift
- Lonking
- EP Equipment
- Hubtex Maschinenbau
- Paletrans Equipment
- Godrej and Boyce
Short DescriptionAbout Electric Forklift Market In 2022:
Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations.
Compared with internal combustion forklifts, electric forklifts have advantages such as less pollution, easier to operate and higher energy efficiency. Along with the development of economy and the enhancement of environmental protection consciousness, the industry of electric forklift has experienced a rapid growth.
The major players in global Electric Forklift market include Toyota, Kion, Jungheinrich, etc. The top 3 players occupy about 40% shares of the global market. Europe is the main market, and occupies about 50% of the global market. Electric walk-in warehouse forklift is the main type, with a share about 60%. Warehouses is the main application, which holds a share about 50%.
Market Analysis and Insights: Global Electric Forklift Market
In 2020, the global Electric Forklift market size was USD 19840 million and it is expected to reach USD 29960 million by the end of 2027, with a CAGR of 6.0% during 2021-2027.
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Electric Forklift Market 2022 is segmented as per type of product and application. Each segment is carefully analyzed for exploring its market potential. All of the segments are studied in detail on the basis of market size, CAGR, market share, consumption, revenue and other vital factors.
Which product segment is expected to garner highest traction within the Electric Forklift Market In 2022:
The Electric Forklift market is classified into Electric counterbalanced forklift, Electric ride-type warehouse forklift, Electric walk-in warehouse forklift and others based on the Electric Forklift type segment.
In terms of value and volume, the Electric Forklift segment of the end-use industry is projected to grow at the highest CAGR during the forecast period.
The growth of Electric Forklift market attributed to the factors such as growing demand for the Electric Forklift product in various end-use industries Warehouses, Factories, Distribution Centersand Others.
Electric Forklift Market is further classified on the basis of region as follows:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Electric Forklift Market Research/Analysis Report Contains Answers to your following Questions
- What are the global trends in the Electric Forklift market? Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different types of products in Electric Forklift? What are the upcoming industry applications and trends for Electric Forklift market?
- What Are Projections of Global Electric Forklift Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of Electric Forklift? What are the raw materials used for Electric Forklift manufacturing?
- How big is the opportunity for the Electric Forklift market? How will the increasing adoption of Electric Forklift for mining impact the growth rate of the overall market?
- How much is the global Electric Forklift market worth? What was the value of the market In 2020?
- Who are the major players operating in the Electric Forklift market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Forklift Industry?
Customization of the Report
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Detailed TOC of Global Electric Forklift Market Insights and Forecast to 2027
1 Study Coverage
1.1 Electric Forklift Product Introduction
1.2 Market by Type
1.2.1 Global Electric Forklift Market Size by Type, 2017 VS 2021 VS 2027
1.3 Market by Application
1.3.1 Global Electric Forklift Market Size by Application, 2017 VS 2021 VS 2027
1.4 Study Objectives
1.5 Years Considered
2 Global Electric Forklift Production
2.1 Global Electric Forklift Production Capacity (2017-2027)
2.2 Global Electric Forklift Production by Region: 2017 VS 2021 VS 2027
2.3 Global Electric Forklift Production by Region
2.3.1 Global Electric Forklift Historic Production by Region (2017-2022)
2.3.2 Global Electric Forklift Forecasted Production by Region (2023-2027)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Global Electric Forklift Sales in Volume andamp Value Estimates and Forecasts
3.1 Global Electric Forklift Sales Estimates and Forecasts 2017-2027
3.2 Global Electric Forklift Revenue Estimates and Forecasts 2017-2027
3.3 Global Electric Forklift Revenue by Region: 2017 VS 2021 VS 2027
3.4 Global Electric Forklift Sales by Region
3.4.1 Global Electric Forklift Sales by Region (2017-2022)
3.4.2 Global Sales Electric Forklift by Region (2023-2027)
3.5 Global Electric Forklift Revenue by Region
3.5.1 Global Electric Forklift Revenue by Region (2017-2022)
3.5.2 Global Electric Forklift Revenue by Region (2023-2027)
3.6 North America
3.7 Europe
3.8 Asia-Pacific
3.9 Latin America
3.10 Middle East andamp Africa
4 Competition by Manufactures
4.1 Global Electric Forklift Production Capacity by Manufacturers
4.2 Global Electric Forklift Sales by Manufacturers
4.2.1 Global Electric Forklift Sales by Manufacturers (2017-2022)
4.2.2 Global Electric Forklift Sales Market Share by Manufacturers (2017-2022)
4.2.3 Global Top 10 and Top 5 Largest Manufacturers of Electric Forklift in 2021
4.3 Global Electric Forklift Revenue by Manufacturers
4.3.1 Global Electric Forklift Revenue by Manufacturers (2017-2022)
4.3.2 Global Electric Forklift Revenue Market Share by Manufacturers (2017-2022)
4.3.3 Global Top 10 and Top 5 Companies by Electric Forklift Revenue in 2021
4.4 Global Electric Forklift Sales Price by Manufacturers
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Electric Forklift Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5.3 Global Electric Forklift Manufacturers Geographical Distribution
4.6 Mergers andamp Acquisitions, Expansion Plans
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5 Market Size by Type
5.1 Global Electric Forklift Sales by Type
5.1.1 Global Electric Forklift Historical Sales by Type (2017-2022)
5.1.2 Global Electric Forklift Forecasted Sales by Type (2023-2027)
5.1.3 Global Electric Forklift Sales Market Share by Type (2017-2027)
5.2 Global Electric Forklift Revenue by Type
5.2.1 Global Electric Forklift Historical Revenue by Type (2017-2022)
5.2.2 Global Electric Forklift Forecasted Revenue by Type (2023-2027)
5.2.3 Global Electric Forklift Revenue Market Share by Type (2017-2027)
5.3 Global Electric Forklift Price by Type
5.3.1 Global Electric Forklift Price by Type (2017-2022)
5.3.2 Global Electric Forklift Price Forecast by Type (2023-2027)
6 Market Size by Application
6.1 Global Electric Forklift Sales by Application
6.1.1 Global Electric Forklift Historical Sales by Application (2017-2022)
6.1.2 Global Electric Forklift Forecasted Sales by Application (2023-2027)
6.1.3 Global Electric Forklift Sales Market Share by Application (2017-2027)
6.2 Global Electric Forklift Revenue by Application
6.2.1 Global Electric Forklift Historical Revenue by Application (2017-2022)
6.2.2 Global Electric Forklift Forecasted Revenue by Application (2023-2027)
6.2.3 Global Electric Forklift Revenue Market Share by Application (2017-2027)
6.3 Global Electric Forklift Price by Application
6.3.1 Global Electric Forklift Price by Application (2017-2022)
6.3.2 Global Electric Forklift Price Forecast by Application (2023-2027)
7 Electric Forklift Consumption by Regions
7.1 Global Electric Forklift Consumption by Regions
7.1.1 Global Electric Forklift Consumption by Regions
7.1.2 Global Electric Forklift Consumption Market Share by Regions
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8.1 North America
8.1.1 North America Electric Forklift Consumption by Application
8.1.2 North America Electric Forklift Consumption by Countries
9.2 United States
9.2.1 Canada
9.2.2 Mexico
10.1 Europe
10.1.1 Europe Electric Forklift Consumption by Application
10.1.2 Europe Electric Forklift Consumption by Countries
10.1.3 Germany
10.1.4 France
10.1.5 UK
10.1.6 Italy
10.1.7 Russia
11.1 Asia Pacific
11.1.1 Asia Pacific Electric Forklift Consumption by Application
11.1.2 Asia Pacific Electric Forklift Consumption by Countries
11.1.3 China
11.1.4 Japan
11.1.5 South Korea
11.1.6 India
11.1.7 Australia
11.1.8 Indonesia
11.1.9 Thailand
11.1.10 Malaysia
11.1.11 Philippines
11.1.12 Vietnam
12.1 Central and South America
12.1.1 Central and South America Electric Forklift Consumption by Application
12.1.2 Central and South America Electric Forklift Consumption by Countries
12.1.3 Brazil
13.1 Middle East and Africa
13.1.1 Middle East and Africa Electric Forklift Consumption by Application
13.1.2 Middle East and Africa Electric Forklift Consumption by Countries
13.1.3 Turkey
13.1.4 GCC Countries
13.1.7 Egypt
13.1.6 South Africa
14 Corporate Profiles
14.1.1 Corporation Information
14.1.2 Overview
14.1.3 Electric Forklift Sales, Price, Revenue and Gross Margin (2017-2022)
14.1.4 Electric Forklift Product Model Numbers, Pictures, Descriptions and Specifications
14.1.7 Recent Developments
15 Industry Chain and Sales Channels Analysis
15.1 Electric Forklift Industry Chain Analysis
15.2 Electric Forklift Key Raw Materials
15.2.1 Key Raw Materials
15.2.2 Raw Materials Key Suppliers
15.3 Electric Forklift Production Mode andamp Process
15.4 Electric Forklift Sales and Marketing
15.4.1 Electric Forklift Sales Channels
15.4.2 Electric Forklift Distributors
15.7 Electric Forklift Customers
16 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
16.1 Electric Forklift Industry Trends
16.2 Electric Forklift Market Drivers
16.3 Electric Forklift Market Challenges
16.4 Electric Forklift Market Restraints
17 Key Finding in The Global Electric Forklift Study
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Author Details
18.3 Disclaimer
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