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Europe Forklift Truck Market - By Power Source (IC Engine Powered, Electric Powered); By Class (Class 1, Class 2, Class 3, Class 4); By End Use (Retail & Wholesale, Logistics, Automotive, Food Industry); By Country (Germany, United Kingdom, Italy, France,

Publisher BlueWeave Consulting
Published Jun 26, 2023
Length 260 Pages
SKU # BLWC18033738

Description

Europe Forklift Truck Market - By Power Source (IC Engine Powered, Electric Powered); By Class (Class 1, Class 2, Class 3, Class 4); By End Use (Retail & Wholesale, Logistics, Automotive, Food Industry); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Europe Forklift Truck Market Size Set to Cross USD 58 Billion by 2029
Europe forklift truck market is flourishing due to rapid industrialization, thriving e-commerce sector, growing demand for warehouse automation, adoption of advancements in technology and product innovations, and strict regulations regarding workplace safety and efficiency.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Europe forklift truck market size at USD 39.16 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe forklift truck market size to grow at a CAGR of 5.89% reaching a value of USD 58.22 billion by 2029. Electric forklifts are becoming more popular due to their eco-friendliness and affordable operating costs, which is the main reason fueling the expansion of the forklift truck market in Europe. Lithium-ion batteries are becoming more widely used since they have better efficiency and longer runtimes. The sector is also changing as a result of automation and the incorporation of innovative technologies like IoT, AI, and telematics. Real-time monitoring, preventative maintenance, and improved fleet management are made possible as a result. Safety elements like operator aid technology and collision detection systems are becoming more popular. Also, there is a growing need for forklifts that are small, adaptable, and ideal for urban settings and confined places. These patterns point to a change in the European market towards forklift trucks that are more productive, environmentally friendly, and technologically sophisticated.
Europe Forklift Truck Market – Overview
A forklift truck, sometimes referred to as a lift truck or forklift, is a potent industrial vehicle primarily used for lifting and material handling tasks. It has a sturdy frame with two wheels up front, two wheels down back, and a hydraulic lifting mechanism up front. To lift and move heavy goods, forklift trucks have two forks or tines that may be raised and lowered. To transport pallets, boxes, and other heavy objects, they are frequently employed in warehouses, distribution centers, manufacturing facilities, and construction sites. Forklift trucks boost production and efficiency in logistics, and they are driven by skilled drivers who adhere to strict safety regulations.
Impact of COVID-19 on Europe Forklift Truck Market
The COVID-19 pandemic significantly impacted Europe forklift truck market. With the imposition of strict lockdown measures and disruptions in global supply chains, the market experienced a decline in demand and production. Many industries, including manufacturing, logistics, and warehousing, faced operational challenges, leading to reduced investments in forklift trucks. Also, travel restrictions and social distancing guidelines hindered the movement of goods and personnel, further affecting market growth. However, as the region gradually recovers and economies reopen, there is a growing emphasis on automation and material handling efficiency, which is expected to drive the demand for forklift trucks in the post-pandemic era.
Europe Forklift Truck Market – By Class
On the basis of class, Europe forklift truck market is divided into Class 1, Class 2, Class 3, and Class 4 segments. Class 3 forklift trucks are electric motor-powered units with solid tires, suitable for indoor use. They are commonly used in warehouses, distribution centers, and manufacturing facilities. The Class 3 segment is favored due to its versatility, maneuverability, and environmental friendliness compared to other classes. These forklifts offer efficient operation, low maintenance costs, and reduced noise levels. As businesses increasingly focus on sustainability and indoor operations, the demand for Class 3 forklift trucks has been steadily growing, making it the largest segment in the Europe forklift truck market.
Competitive Landscape
Competition in the Europe forklift truck market is intense. Major companies in the market include Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., Hangcha Group Co., Mitsubishi Forklift Trucks, Doosan Industrial Vehicles Co. Ltd, Caterpillar Inc., Anhui Heli, Komatsu Ltd, and Clark Material Handling Company Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position Europe forklift truck market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Forklift Truck Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Forklift Truck Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

260 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Europe Forklift Truck Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Growing Expansion of Industrialization and Warehousing
3.2.1.2. Growth in E-commerce
3.2.2. Restraints
3.2.2.1. High Initial Investments
3.2.3. Opportunities
3.2.3.1. Advancements in Technology and Automation
3.2.4. Challenges
3.2.5. Safety Concerns and Training Requirement
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Europe Forklift Truck Market Overview
4.1. Market Power Source & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Power Source
4.2.1.1. IC Engine Powered
4.2.1.2. Electric Powered
4.2.2. By Class
4.2.2.1. Class 1
4.2.2.2. Class 2
4.2.2.3. Class 3
4.2.2.4. Class 4
4.2.2.5. Others
4.2.3. By End Use
4.2.3.1. Retail & Wholesale
4.2.3.2. Logistics
4.2.3.3. Automotive
4.2.3.4. Food Industry
4.2.3.5. Others
4.2.4. By Country
4.2.4.1. Germany
4.2.4.2. United Kingdom
4.2.4.3. Italy
4.2.4.4. France
4.2.4.5. Spain
4.2.4.6. Belgium
4.2.4.7. Russia
4.2.4.8. Netherlands
4.2.4.9. Rest of Europe
5. Germany Forklift Truck Market
5.1. Market Power Source & Forecast, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Power Source
5.2.2. By Class
5.2.3. By End Use
6. United Kingdom Forklift Truck Market
6.1. Market Power Source & Forecast, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Power Source
6.2.2. By Class
6.2.3. By End Use
7. Italy Forklift Truck Market
7.1. Market Power Source & Forecast, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Power Source
7.2.2. By Class
7.2.3. By End Use
8. France Forklift Truck Market
8.1. Market Power Source & Forecast, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Power Source
8.2.2. By Class
8.2.3. By End Use
9. Spain Forklift Truck Market
9.1. Market Power Source & Forecast, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Power Source
9.2.2. By Class
9.2.3. By End Use
10. Belgium Forklift Truck Market
10.1. Market Power Source & Forecast, 2019–2029
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Power Source
10.2.2. By Class
10.2.3. By End Use
11. Russia Forklift Truck Market
11.1. Market Power Source & Forecast, 2019–2029
11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Power Source
11.2.2. By Class
11.2.3. By End Use
12.Netherlands Forklift Truck Market
12.1. Market Power Source & Forecast, 2019–2029
12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
12.2.1. By Power Source
12.2.2. By Class
12.2.3. By End Use
13. Rest of Europe Forklift Truck Market
13.1. Market Power Source & Forecast, 2019–2029
13.1.1. By Value (USD Million)
13.2. Market Share & Forecast
13.2.1. By Power Source
13.2.2. By Class
13.2.3. By End Use
14. Competitive Landscape
14.1. List of Key Players and Their Offerings
14.2. Europe Forklift Truck Company Market Share Analysis, 2022
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Covid-19 on Europe Forklift Truck Market
16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
16.1. Toyota Industries Corporation
16.2. KION Group AG
16.3. Jungheinrich AG
16.4. Crown Equipment Corporation
16.5. Hyster-Yale Materials Handling Inc.
16.6. Hangcha Group Co.
16.7. Mitsubishi Forklift Trucks
16.8. Doosan Industrial Vehicles Co. Ltd
16.9. Caterpillar Inc.
16.10. Anhui Heli
16.11. Komatsu Ltd
16.12. Clark Material Handling Company Inc.
16.13. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
18.1. Qualitative Research
18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
18.3.1. Secondary Research
18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Europe Forklift Truck Segmentation
Figure 2 Europe Forklift Truck Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Europe Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 5 Europe Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 6 Europe Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 7 Europe Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 8 Europe Forklift Truck Market Share, By Country, By Value, 2019–2029
Figure 9 Germany Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 10 Germany Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 11 Germany Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 12 Germany Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 13 United Kingdom Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 14 United Kingdom Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 15 United Kingdom Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 16 United Kingdom Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 17 Italy Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 18 Italy Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 19 Italy Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 20 Italy Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 21 France Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 22 France Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 23 France Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 24 France Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 25 Spain Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 26 Spain Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 27 Spain Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 28 Spain Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 29 Belgium Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 30 Belgium Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 31 Belgium Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 32 Belgium Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 33 Russia Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 34 Russia Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 35 Russia Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 36 Russia Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 37 Netherlands Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 38 Netherlands Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 39 Netherlands Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 40 Netherlands Forklift Truck Market Share, By End Use, By Value, 2019–2029
Figure 41 Rest of Europe Forklift Truck Market Size, By Value (USD Million), 2019–2029
Figure 42 Rest of Europe Forklift Truck Market Share, By Power Source, By Value, 2019–2029
Figure 43 Rest of Europe Forklift Truck Market Share, By Class, By Value, 2019–2029
Figure 44 Rest of Europe Forklift Truck Market Share, By End Use, By Value, 2019–2029
List of Tables
Table 1 Europe Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 2 Europe Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 3 Europe Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 4 Europe Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 5 Europe Forklift Truck Market Size, By Country, By Value, 2019–2029
Table 6 Germany Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 7 Germany Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 8 Germany Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 9 Germany Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 10 United Kingdom Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 11 United Kingdom Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 12 United Kingdom Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 13 United Kingdom Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 14 Italy Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 15 Italy Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 16 Italy Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 17 Italy Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 18 France Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 19 France Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 20 France Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 21 France Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 22 Spain Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 23 Spain Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 24 Spain Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 25 Spain Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 26 Belgium Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 27 Belgium Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 28 Belgium Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 29 Belgium Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 30 Russia Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 31 Russia Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 32 Russia Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 33 Russia Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 34 Netherlands Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 35 Netherlands Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 36 Netherlands Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 37 Netherlands Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 38 Rest of Europe Forklift Truck Market Size, By Value (USD Million), 2019–2029
Table 39 Rest of Europe Forklift Truck Market Size, By Power Source, By Value, 2019–2029
Table 40 Rest of Europe Forklift Truck Market Size, By Class, By Value, 2019–2029
Table 41 Rest of Europe Forklift Truck Market Size, By End Use, By Value, 2019–2029
Table 42 Toyota Industries Corporation Company Overview
Table 43 Toyota Industries Corporation Financial Overview
Table 44 KION Group AG Company Overview
Table 45 KION Group AG Financial Overview
Table 46 Jungheinrich AG Company Overview
Table 47 Jungheinrich AG Financial Overview
Table 48 Crown Equipment Corporation Company Overview
Table 49 Crown Equipment Corporation Financial Overview
Table 50 Hyster-Yale Materials Handling Inc. Company Overview
Table 51 Hyster-Yale Materials Handling Inc. Financial Overview
Table 52 Hangcha Group Co. Company Overview
Table 53 Hangcha Group Co. Financial Overview
Table 54 Mitsubishi Forklift Trucks Company Overview
Table 55 Mitsubishi Forklift Trucks Financial Overview
Table 56 Doosan Industrial Vehicles Co. Ltd Company Overview
Table 57 Doosan Industrial Vehicles Co. Ltd Financial Overview
Table 58 Caterpillar Inc. Company Overview
Table 59 Caterpillar Inc. Financial Overview
Table 60 Anhui Heli Company Overview
Table 61 Anhui Heli Financial Overview
Table 62 Komatsu Ltd Company Overview
Table 63 Komatsu Ltd Financial Overview
Table 64 Clark Material Handling Company Inc. Company Overview
Table 65 Clark Material Handling Company Inc. Financial Overview

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