Middle East and Africa Forklift Truck Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $3,599	260 Pages	BlueWeave Consulting	July, 2023	BLWC18132041

Best Price Guarantee
Price	from $3,599
Length	260 Pages
Publisher	BlueWeave Consulting
Published Date	July, 2023
SKU	BLWC18132041

Middle East and Africa 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 (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Middle East and Africa Forklift Truck Market Size Set to Reach USD 3.4 Billion by 2029

Middle East and Africa forklift truck market is flourishing due to rapid industrialization, increasing number of construction & infrastructure projects, thriving e-commerce, growing logistics and warehousing sectors, and the need for efficient material handling solutions to enhance productivity and operational efficiency.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa forklift truck market size at USD 2,546.36 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa forklift truck market size to grow at a CAGR of 4.50% reaching a value of USD 3,427.79 million by 2029. Freight and logistics are the administration and transportation of commodities from one location to another. It covers, among other things, warehousing, inventory management, packing, shipping, and distribution. As it enables the effective delivery of commodities across supply chains, the industry is important to global trade. Freight and logistics companies utilize advanced technology and methods to optimize routes, save costs, and enhance delivery timelines. This sector's important stakeholders include shipping lines, air cargo carriers, trucking companies, and third-party logistics providers. As e-commerce and international trade flourish, the freight and logistics industry is evolving and adapting to meet the growing expectations of businesses and customers. Hence, the growing logistics industry is expected to be a major growth driver for the Middle East and Africa forklift truck market during the period in analysis.

Middle East and Africa Forklift Truck Market – Overview

A forklift truck, commonly known as a forklift, is a powerful industrial vehicle used primarily for lifting and moving heavy loads. It is equipped with two horizontal forks that can be raised and lowered, enabling it to pick up and transport materials within warehouses, construction sites, and other commercial environments. Forklifts are designed to handle various types of goods, including pallets, crates, and containers. They are available in different sizes and configurations to accommodate specific lifting capacities and maneuverability requirements. Forklifts are operated by skilled operators and are essential tools for efficient material handling, contributing to increased productivity and streamlined logistics in many industries.

Impact of COVID-19 on Middle East and Africa Forklift Truck Market

The Middle East and Africa forklift truck market encountered significant setbacks due to the COVID-19 pandemic. The widespread disruptions caused by the health crisis adversely affected the region's industrial sector, hampering the demand for forklift trucks. Supply chain disruptions, labor shortages, and reduced manufacturing activities resulted in diminished sales and production levels. Strict lockdown measures, travel restrictions, and economic uncertainties further added to the market's challenges. As businesses gradually recover and adapt to the new normal, the Middle East and Africa forklift truck market faces a slow recovery path, necessitating innovative strategies and industry collaborations to overcome the COVID-19 impact and revitalize the market's growth.

Middle East and Africa Forklift Truck Market – By Class

On the basis of class, the Middle East and Africa forklift truck market is divided into Class 1, Class 2, Class 3, and Class 4 segments. Each class typically represents a different type of forklift truck and is suited for specific applications. Class 1 refers to electric motor rider trucks, Class 2 includes electric motor narrow aisle trucks, Class 3 consists of electric motor hand trucks, and Class 4 encompasses internal combustion engine trucks. The market dynamics and growth potential for each segment may vary based on factors such as regional demand and industrial requirements.

Competitive Landscape

Middle East and Africa forklift truck market is fiercely competitive. 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 in Middle East and Africa forklift truck market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Middle East and Africa Forklift Truck Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa 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.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. Middle East & Africa 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 Investment; 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. Middle East & Africa Forklift Truck Market Overview: 4.1. Market Size & 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. Saudi Arabia; 4.2.4.2. UAE; 4.2.4.3. Qatar; 4.2.4.4. Kuwait; 4.2.4.5. South Africa; 4.2.4.6. Nigeria; 4.2.4.7. Algeria; 4.2.4.8. Rest of MEA
5. Saudi Arabia Forklift Truck Market: 5.1. Market Size & 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. UAE Forklift Truck Market: 6.1. Market Size & 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. Qatar Forklift Truck Market: 7.1. Market Size & 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. Kuwait Forklift Truck Market: 8.1. Market Size & 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. South Africa Forklift Truck Market: 9.1. Market Size & 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. Nigeria Forklift Truck Market: 10.1. Market Size & 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. Algeria Forklift Truck Market: 11.1. Market Size & 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. Rest of MEA Forklift Truck Market: 12.1. Market Size & 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. Competitive Landscape: 13.1. List of Key Players and Their Offerings; 13.2. Middle East & Africa Forklift Truck Company Market Share Analysis, 2022; 13.3. Competitive Benchmarking, By Operating Parameters; 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East & Africa Forklift Truck Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis): 15.1. Toyota Industries Corporation; 15.2. KION Group AG; 15.3. Jungheinrich AG; 15.4. Crown Equipment Corporation; 15.5. Hyster-Yale Materials Handling Inc.; 15.6. Hangcha Group Co.; 15.7. Mitsubishi Forklift Trucks; 15.8. Doosan Industrial Vehicles Co. Ltd; 15.9. Caterpillar Inc.; 15.10. Anhui Heli; 15.11. Komatsu Ltd; 15.12. Clark Material Handling Company Inc.; 15.13. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology: 17.1. Qualitative Research; 17.1.1. Primary & Secondary Research; 17.2. Quantitative Research; 17.3. Market Breakdown & Data Triangulation; 17.3.1. Secondary Research; 17.3.2. Primary Research; 17.4. Breakdown of Primary Research Respondents, By Region; 17.5. 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 Middle East & Africa Forklift Truck Segmentation; Figure 2 Middle East & Africa Forklift Truck Market Value Chain Analysis; Figure 3 Company Market Share Analysis, 2022; Figure 4 Middle East & Africa Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 5 Middle East & Africa Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 6 Middle East & Africa Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 7 Middle East & Africa Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 8 Middle East & Africa Forklift Truck Market Share, By Country, By Value, 2019–2029; Figure 9 Saudi Arabia Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 10 Saudi Arabia Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 11 Saudi Arabia Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 12 Saudi Arabia Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 13 UAE Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 14 UAE Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 15 UAE Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 16 UAE Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 17 Qatar Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 18 Qatar Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 19 Qatar Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 20 Qatar Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 21 Kuwait Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 22 Kuwait Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 23 Kuwait Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 24 Kuwait Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 25 South Africa Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 26 South Africa Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 27 South Africa Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 28 South Africa Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 29 Nigeria Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 30 Nigeria Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 31 Nigeria Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 32 Nigeria Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 33 Algeria Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 34 Algeria Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 35 Algeria Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 36 Algeria Forklift Truck Market Share, By End Use, By Value, 2019–2029; Figure 37 Rest of MEA Forklift Truck Market Size, By Value (USD Million), 2019–2029; Figure 38 Rest of MEA Forklift Truck Market Share, By Power Source, By Value, 2019–2029; Figure 39 Rest of MEA Forklift Truck Market Share, By Class, By Value, 2019–2029; Figure 40 Rest of MEA Forklift Truck Market Share, By End Use, By Value, 2019–2029
List of Tables: Table 1 Middle East & Africa Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 2 Middle East & Africa Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 3 Middle East & Africa Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 4 Middle East & Africa Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 5 Middle East & Africa Forklift Truck Market Size, By Country, By Value, 2019–2029; Table 6 Saudi Arabia Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 7 Saudi Arabia Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 8 Saudi Arabia Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 9 Saudi Arabia Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 10 UAE Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 11 UAE Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 12 UAE Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 13 UAE Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 14 Qatar Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 15 Qatar Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 16 Qatar Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 17 Qatar Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 18 Kuwait Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 19 Kuwait Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 20 Kuwait Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 21 Kuwait Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 22 South Africa Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 23 South Africa Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 24 South Africa Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 25 South Africa Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 26 Nigeria Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 27 Nigeria Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 28 Nigeria Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 29 Nigeria Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 30 Algeria Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 31 Algeria Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 32 Algeria Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 33 Algeria Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 34 Rest of MEA Forklift Truck Market Size, By Value (USD Million), 2019–2029; Table 35 Rest of MEA Forklift Truck Market Size, By Power Source, By Value, 2019–2029; Table 36 Rest of MEA Forklift Truck Market Size, By Class, By Value, 2019–2029; Table 37 Rest of MEA Forklift Truck Market Size, By End Use, By Value, 2019–2029; Table 38 Toyota Industries Corporation Company Overview; Table 39 Toyota Industries Corporation Financial Overview; Table 40 KION Group AG Company Overview; Table 41 KION Group AG Financial Overview; Table 42 Jungheinrich AG Company Overview; Table 43 Jungheinrich AG Financial Overview; Table 44 Crown Equipment Corporation Company Overview; Table 45 Crown Equipment Corporation Financial Overview; Table 46 Hyster-Yale Materials Handling Inc. Company Overview; Table 47 Hyster-Yale Materials Handling Inc. Financial Overview; Table 48 Hangcha Group Co. Company Overview; Table 49 Hangcha Group Co. Financial Overview; Table 50 Mitsubishi Forklift Trucks Company Overview; Table 51 Mitsubishi Forklift Trucks Financial Overview; Table 52 Doosan Industrial Vehicles Co. Ltd Company Overview; Table 53 Doosan Industrial Vehicles Co. Ltd Financial Overview; Table 54 Caterpillar Inc. Company Overview; Table 55 Caterpillar Inc. Financial Overview; Table 56 Anhui Heli Company Overview; Table 57 Anhui Heli Financial Overview; Table 58 Komatsu Ltd Company Overview; Table 59 Komatsu Ltd Financial Overview; Table 60 Clark Material Handling Company Inc. Company Overview; Table 61 Clark Material Handling Company Inc. Financial Overview