Global Electric Lift Truck Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Electric Lift Truck Market is presumed to reach the market size of nearly USD 166.78 Billion by 2032 from USD 67.35 Billion in 2023 with a CAGR of 10.6% under the study period 2024 - 2032.

An electric lift truck, often referred to as an electric forklift or electric-powered forklift truck, is a type of material handling equipment used for lifting, transporting, and stacking materials in warehouses, distribution centers, and manufacturing facilities. Unlike traditional forklifts that are powered by internal combustion engines (such as gasoline or diesel), electric lift trucks are powered by electric batteries.

MARKET DYNAMICS

The electric lift truck market is thriving due to a combination of environmental considerations, regulatory compliance, cost savings, and technological advancements. With a growing emphasis on environmental sustainability, businesses are increasingly adopting electric forklifts as a cleaner, emission-free alternative to traditional internal combustion engine models. Stringent regulations and emission standards further drive the shift toward electric lift trucks, aligning with corporate and regulatory environmental goals. Despite higher initial costs, electric forklifts offer long-term savings through reduced operating costs, lower maintenance requirements, and compliance with indoor emission standards. Advancements in battery technology, including longer battery life and faster charging, enhance the practicality and reliability of electric lift trucks. Additionally, the rising demand for e-commerce and the need for efficient material handling solutions contribute to the market's growth. Government incentives and subsidies further encourage businesses to invest in electric vehicles, supporting the ongoing transition to more sustainable and technologically advanced material handling equipment.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric lift truck. The growth and trends of electric lift truck industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the electric lift truck market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product

Warehouse
Counterbalance

By Class

Class I
Class II
Class III
Class IV
Others

By Application

Chemical
Food & Beverage
Industrial
Logistics
Retail & E-Commerce
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Electric Lift Truck market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electric Lift Truck market include Anhui HELI Co., Ltd, Clark Material Handling Company, Crown Equipment Corporation, Combilift Material Handling Solutions, Doosan Industrial Vehicle America Corp., Godrej and Boyce Group, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., Hubtex Maschinenbau GmbH & Co. KG, Hyundai Construction Equipment Americas, Inc., Jungheinrich AG, KION GROUP AG, Komatsu Ltd., Konecranes, Lonking Holdings Limited, Manitou Group, Mitsubishi Logisnext Co., Ltd., Paletrans Forklifts, Toyota Industries Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112113526

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . ELECTRIC LIFT TRUCK - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Class
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL ELECTRIC LIFT TRUCK MARKET ANALYSIS BY PRODUCT

5.1 Overview by Product
5.2 Historical and Forecast Data
5.3 Analysis by Product
5.4 Warehouse Historic and Forecast Sales by Regions
5.5 Counterbalance Historic and Forecast Sales by Regions

6 . GLOBAL ELECTRIC LIFT TRUCK MARKET ANALYSIS BY CLASS

6.1 Overview by Class
6.2 Historical and Forecast Data
6.3 Analysis by Class
6.4 Class I Historic and Forecast Sales by Regions
6.5 Class II Historic and Forecast Sales by Regions
6.6 Class III Historic and Forecast Sales by Regions
6.7 Class IV Historic and Forecast Sales by Regions
6.8 Others Historic and Forecast Sales by Regions

7 . GLOBAL ELECTRIC LIFT TRUCK MARKET ANALYSIS BY APPLICATION

7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Chemical Historic and Forecast Sales by Regions
7.5 Food & Beverage Historic and Forecast Sales by Regions
7.6 Industrial Historic and Forecast Sales by Regions
7.7 Logistics Historic and Forecast Sales by Regions
7.8 Retail & E-commerce Historic and Forecast Sales by Regions
7.9 Others Historic and Forecast Sales by Regions

8 . GLOBAL ELECTRIC LIFT TRUCK MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1. Overview, Historic and Forecast Data Sales Analysis
- 8.3.2. North America By Segment Sales Analysis
- 8.3.3. North America By Country Sales Analysis
- 8.3.4. United State Sales Analysis
- 8.3.5. Canada Sales Analysis
- 8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1. Overview, Historic and Forecast Data Sales Analysis
- 8.4.2. Europe by Segment Sales Analysis
- 8.4.3. Europe by Country Sales Analysis
- 8.4.4. United Kingdom Sales Analysis
- 8.4.5. France Sales Analysis
- 8.4.6. Germany Sales Analysis
- 8.4.7. Italy Sales Analysis
- 8.4.8. Russia Sales Analysis
- 8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1. Overview, Historic and Forecast Data Sales Analysis
- 8.5.2. Asia Pacific by Segment Sales Analysis
- 8.5.3. Asia Pacific by Country Sales Analysis
- 8.5.4. China Sales Analysis
- 8.5.5. India Sales Analysis
- 8.5.6. Japan Sales Analysis
- 8.5.7. South Korea Sales Analysis
- 8.5.8. Australia Sales Analysis
- 8.5.9. South East Asia Sales Analysis
- 8.5.10. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1. Overview, Historic and Forecast Data Sales Analysis
- 8.6.2. Latin America by Segment Sales Analysis
- 8.6.3. Latin America by Country Sales Analysis
- 8.6.4. Brazil Sales Analysis
- 8.6.5. Argentina Sales Analysis
- 8.6.6. Peru Sales Analysis
- 8.6.7. Chile Sales Analysis
- 8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1. Overview, Historic and Forecast Data Sales Analysis
- 8.7.2. Middle East & Africa by Segment Sales Analysis
- 8.7.3. Middle East & Africa by Country Sales Analysis
- 8.7.4. Saudi Arabia Sales Analysis
- 8.7.5. UAE Sales Analysis
- 8.7.6. Israel Sales Analysis
- 8.7.7. South Africa Sales Analysis
- 8.7.8. Rest Of Middle East And Africa Sales Analysis

9 . COMPETITIVE LANDSCAPE OF THE ELECTRIC LIFT TRUCK COMPANIES

9.1. Electric Lift Truck Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10 . COMPANY PROFILES OF ELECTRIC LIFT TRUCK INDUSTRY

10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Anhui HELI Co. Ltd
- 10.3.1. Company Overview
- 10.3.2. Company Revenue
- 10.3.3. Products
- 10.3.4. Recent Developments
10.4. Clark Material Handling Company
- 10.4.1. Company Overview
- 10.4.2. Company Revenue
- 10.4.3. Products
- 10.4.4. Recent Developments
10.5. Crown Equipment Corporation
- 10.5.1. Company Overview
- 10.5.2. Company Revenue
- 10.5.3. Products
- 10.5.4. Recent Developments
10.6. Combilift Material Handling Solutions
- 10.6.1. Company Overview
- 10.6.2. Company Revenue
- 10.6.3. Products
- 10.6.4. Recent Developments
10.7. Doosan Industrial Vehicle America Corp.
- 10.7.1. Company Overview
- 10.7.2. Company Revenue
- 10.7.3. Products
- 10.7.4. Recent Developments
10.8. Godrej and Boyce Group
- 10.8.1. Company Overview
- 10.8.2. Company Revenue
- 10.8.3. Products
- 10.8.4. Recent Developments
10.9. Hangcha Group Co. Ltd.
- 10.9.1. Company Overview
- 10.9.2. Company Revenue
- 10.9.3. Products
- 10.9.4. Recent Developments
10.10. Hyster-Yale Materials Handling Inc.
- 10.10.1. Company Overview
- 10.10.2. Company Revenue
- 10.10.3. Products
- 10.10.4. Recent Developments
10.11. Hubtex Maschinenbau GmbH & Co. KG
- 10.11.1. Company Overview
- 10.11.2. Company Revenue
- 10.11.3. Products
- 10.11.4. Recent Developments
10.12. Hyundai Construction Equipment Americas Inc.
- 10.12.1. Company Overview
- 10.12.2. Company Revenue
- 10.12.3. Products
- 10.12.4. Recent Developments
10.13. Jungheinrich AG
- 10.13.1. Company Overview
- 10.13.2. Company Revenue
- 10.13.3. Products
- 10.13.4. Recent Developments
10.14. KION GROUP AG
- 10.14.1. Company Overview
- 10.14.2. Company Revenue
- 10.14.3. Products
- 10.14.4. Recent Developments
10.15. Komatsu Ltd.
- 10.15.1. Company Overview
- 10.15.2. Company Revenue
- 10.15.3. Products
- 10.15.4. Recent Developments
10.16. Konecranes
- 10.16.1. Company Overview
- 10.16.2. Company Revenue
- 10.16.3. Products
- 10.16.4. Recent Developments
10.17. Lonking Holdings Limited
- 10.17.1. Company Overview
- 10.17.2. Company Revenue
- 10.17.3. Products
- 10.17.4. Recent Developments
10.18. Manitou Group
- 10.18.1. Company Overview
- 10.18.2. Company Revenue
- 10.18.3. Products
- 10.18.4. Recent Developments
10.19. Mitsubishi Logisnext Co. Ltd.
- 10.19.1. Company Overview
- 10.19.2. Company Revenue
- 10.19.3. Products
- 10.19.4. Recent Developments
10.20. Paletrans Forklifts
- 10.20.1. Company Overview
- 10.20.2. Company Revenue
- 10.20.3. Products
- 10.20.4. Recent Developments
10.21. Toyota Industries Corporation
- 10.21.1. Company Overview
- 10.21.2. Company Revenue
- 10.21.3. Products
- 10.21.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies