Middle East and Africa Forklift Truck Market Scope and Market Size

Market Analysis and Size

Forklift trucks have been deployed for lifting and transferring heavy materials, such as crates, container goods, and other such components, over a short distance. These heavy-duty electric lift trucks are ideal for warehousing operations, recycling operations and dockyards to perform numerous functions.

They assist in moving packed goods around the storage area, and loading and unloading goods from vehicles. Middle East and Africa Forklift Truck Market was valued at USD 2038.47 million in 2021 and is expected to reach USD 2958.54 million by 2029, registering a CAGR of 4.60% during the forecast period of 2022-2029. Class III: Electric Motor Pedestrian Trucks accounts for the largest application segment in the respective market owing to the high demand in warehouses and distribution centers. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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 Some of the key questions answered in this report:

• How has the Middle East and Africa Forklift Truck Market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Middle East and Africa Forklift Truck Market?
• What are the key regional markets?
• What is the breakup of the market based on the procedure?
• What is the breakup of the market based on the injury location?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Middle East and Africa Forklift Truck Marketand who are the key players?
• What is the degree of competition in the industry?

Market Analysis and Insights: Middle East and Africa Forklift Truck Market

The forklift truck market is segmented on the basis of product type, power source, fuel type, tonnage, class and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Counterbalance
• Warehouse

On the basis of product type, the market is segmented into counterbalance and warehouse.  Counterbalance accounted the largest market share due to the rising e-commerce sector which has inadvertently increased the warehouse activities due to which it increases the demand for counterbalance in the e-commerce sector.

Power Source

• Internal Combustion Forklift Truck
• Electric Forklift Truck

On the basis of power source, the market is segmented into internal combustion forklift truck and electric forklift truck. The internal combustion forklift accounted the largest market share as these forklift are widely usage in the harsh environment has this forklift have high capacity for loading material from one place to another.

Class

• Class V (IC Engine Forklift Trucks, Pneumatic Tire)
• Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires)
• Class I (Electric Motor Rider Forklift Trucks)
• Class III (Electric Hand Forklift Trucks)
• Class II (Electric Motor Narrow Aisle Forklift Truck)
• Class VI (Electric and IC Engine Tractors)
• Class VII (Rough Terrain Forklift Truck)

On the basis class, the market is segmented into class V (IC engine forklift trucks, pneumatic tire), class IV (IC engine forklift trucks, solid/cushion tires), class I (electric motor rider forklift trucks), class III (electric hand forklift trucks), class II (electric motor narrow aisle forklift truck), class VI (electric and IC engine tractors) and class VII (rough terrain forklift truck). Class V (IC engine forklift trucks, pneumatic tire) attributes largest market share this forklift has been widely used for outdoor application.

Tonnage

• Below 5 Ton
• 5 To 10 Ton
• 11 To 36 Ton
• 36 Ton And Above

On the basis of tonnage, the market is segmented in to below 5 ton, 5 to 10 ton, 11 to 36 ton and 36 ton and above. Below 5 ton accounted for the largest market share due to the growing utilization of forklift in the indoor application.

Fuel Type

• Electric
• LPG/CNG
• Diesel
• Gasoline

On the basis of fuel type, the market is segmented into electric, LPG/CNG, diesel and gasoline. Electric forklift accounted largest market share as these forklift has zero emission due to which it is widely used for indoor application.

Industry

• Construction
• Freight and Logistic
• Food Industry
• Retail
• Chemical
• Paper and Wood
• Other

On the basis of industry, forklift truck market is segmented into construction, freight and logistic, food industry, retail, chemical, paper and wood, and other. Construction accounted for the largest market share due to the rising population has further increases the demand for shelters which result in increasing construction activities among countries.

Middle East and Africa Forklift Truck Market Country Level Analysis

The countries covered in the Middle East and Africa forklift truck market report are the Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Middle East and Africa Forklift Truck Market Share Analysis

Middle East and Africa Forklift Truck Market, By Product Type (Warehouse and Counterbalance), Class (Class I: Electric Motor Rider Trucks, Class II: Electric Motor Narrow Aisle Trucks, Class III: Electric Motor Pedestrian Trucks, Class IV: Internal Combustion Engine Trucks; Class V: Internal Combustion Engine Trucks, Class VI: Electric And Internal Combustion Engine Tractors, and Class VII: Rough Terrain Forklift Trucks), Fuel Type (Diesel, Gasoline and LPG/CNG, and Electric/Hybrid), Engine Type (Internal Combustion (IC) Engine Power and Electric Power), Lifting Capacity (< 5 ton, 5 ton - 10 ton, 11 ton - 36 ton, and > 36 ton), End-Use Industry (Retail and Wholesale, Transportation and Logistics, Automotive and Electrical Engineering, Food Industry, and Other Industries) – Industry Trends and Forecast to 2029.

Key player Middle East and Africa Forklift Truck Market

The countries covered in the Middle East and Africa forklift truck market report are the Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

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  MAJOR TOC OF THE REPORT

• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights
• Chapter Six: Middle East and Africa Forklift Truck Market Share by Product & Procedure type

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https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-forklift-truck-market

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