Market Executive Summary
Europe electric forklift market size was valued at USD 14.20 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2022 to 2030 to reach USD 43.12 billion by 2030. Increasing demand for electric forklifts from the chemical, food & beverage, and logistics sectors for material handling operations is expected to fuel the growth. Stringent government regulations for curbing GHG emissions from ICE forklifts are driving the demand for electric power forklifts from the industrial and construction sectors. This is expected to positively impact the target market growth.
Key Companies & Market Share Insights:
Key players that dominated the market in 2022 include Anhui Heli Co., Ltd., Clark, Crown Equipment Corporation, and Hangcha Group Co., Ltd. Moreover, major players’ approach toward enhancing the business and acquiring significant market share through new product launches and acquisitions.
For instance, in July 2021, Hangcha Group Co., Ltd. launched an electric forklift truck with a 2.0-3.5 ton weight capacity, equipped with high voltage lithium-ion batteries (309 V).This truck series is expected to charge fully within one hour and have a running capacity of up to 12 hours.
Market Key Players in the Europe Electric Forklift Market:
Anhui Heli Co., Ltd.
Clark
Crown Equipment Corporation
Hangcha Group Co., Ltd.
Hyster-Yale Materials Handling, Inc.
Jungheinrich
KION Group
Komatsu Ltd.
Mitsubishi Logisnext
Segments Covered in the Report
The report forecasts revenue growth at the regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, We have segmented the Europe electric forklift market report based on product, battery type, end-use, and region.
Product Outlook (Revenue, USD Billion, 2018 - 2030)
Counterbalanced
Pallet Trucks
Reach Trucks
Pallet Stackers
Others
Battery Type Outlook
Li-ion
Others (Lead-acid and Hydrogen fuel cell)
End-use Outlook
Chemical
Food & Beverage
Industrial
Logistics
Retail & E-commerce
Others
Regional Outlook
Europe
U.K.
Germany
France
Rest of Europe
Table of Contents
Chapter 1. Methodology and Scope
1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. Internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Europe Electric Forklift Market - Industry Snapshot, 2018 - 2030
Chapter 3. Europe Electric Forklift Market Variables, Trends & Scope
3.1. Market Size and Growth Prospects, 2018-2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis
Chapter 4. Europe Electric Forklift Market Product Outlook
4.1. Europe Electric Forklift Market Share by Product, 2021 & 2030 (USD Billion)
4.2. Counterbalanced
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
4.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.3. Pallet Trucks
4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.4. Reach Trucks
4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.5. Pallet Stackers
4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.6. Others
4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.6.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
Chapter 5. Europe Electric Forklift Market Battery Type Outlook
5.1. Europe Electric Forklift Market Share by Battery Type, 2021 & 2030 (USD Billion)
5.2. Li-ion
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
5.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
5.3. Others (Lead-acid and Hydrogen fuel cell)
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
Chapter 6. Europe Electric Forklift Market End-use Outlook
6.1. Europe Electric Forklift Market Share by End-use, 2021 & 2030 (USD Billion)
6.2. Chemical
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
6.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
6.3. Food & Beverage
6.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
6.4. Industrial
6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
6.5. Logistics
6.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
6.6. Retail & E-Commerce
6.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.6.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
6.7. Others
6.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.7.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
Chapter 7. Europe Electric Forklift Market: Regional Outlook
7.1. Europe
7.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.1.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
7.1.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Billion)
7.1.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Billion)
7.1.5. U.K.
7.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.1.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
7.1.5.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Billion)
7.1.5.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Billion)
7.1.6. Germany
7.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.1.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
7.1.6.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Billion)
7.1.6.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Billion)
7.1.7. France
7.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.1.7.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
7.1.7.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Billion)
7.1.7.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Billion)
7.1.8. Rest of Europe
7.1.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.1.8.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
7.1.8.3. Market estimates and forecast by battery type, 2018 - 2030 (USD Billion)
7.1.8.4. Market estimates and forecast by end-use, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape:
8.1. Anhui Heli Co., Ltd.
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Recent developments
8.2. Clark
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Recent developments
8.3. Crown Equipment Corporation
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Recent developments
8.4. Hangcha Group Co., Ltd
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Recent developments
8.5. Hyster-Yale Materials Handling, Inc
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Recent developments
8.6. Jungheinrich AG
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Recent developments
8.7. KION Group AG
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Recent developmentsDaiichi J
8.8. Komatsu Ltd.
8.8.1. Company overview
8.8.2. Financial performance
8.8.3. Product benchmarking
8.8.4. Recent developments
8.9. Mitsubishi Logisnext Co., Ltd.
8.9.1. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Recent developments
List of Tables:
Table 1 Europe electric forklift market, 2018 - 2030 (USD Billion)
Table 2 Europe electric forklift market, by region, 2018 - 2030 (USD Billion)
Table 3 Europe electric forklift market, by product, 2018 - 2030 (USD Billion)
Table 4 Europe electric forklift market, by battery type, 2018 - 2030 (USD Billion)
Table 5 Europe electric forklift market, by end-use, 2018 - 2030 (USD Billion)
Table 6 Counterbalanced market, 2018 - 2030 (USD Billion)
Table 7 Counterbalanced market, by region, 2018 - 2030 (USD Billion)
Table 8 Pallet trucks market, 2018 - 2030 (USD Billion)
Table 9 Pallet trucks market, by region, 2018 - 2030 (USD Billion)
Table 10 Reach Trucks market, 2018 - 2030 (USD Billion)
Table 11 Reach Trucks market, by region, 2018 - 2030 (USD Billion)
Table 12 Pallet Stackers market, 2018 - 2030 (USD Billion)
Table 13 Pallet Stackers market, by region, 2018 - 2030 (USD Billion)
Table 14 Others Stackers market, 2018 - 2030 (USD Billion)
Table 15 Others Stackers market, by region, 2018 - 2030 (USD Billion)
Table 16 Li-ion market, 2018 - 2030 (USD Billion)
Table 17 Li-ion market, by region, 2018 - 2030 (USD Billion)
Table 18 Others market, 2018 - 2030 (USD Billion)
Table 19 Others market, by region, 2018 - 2030 (USD Billion)
Table 20 Chemical market, 2018 - 2030 (USD Billion)
Table 21 Chemical market, by region, 2018 - 2030 (USD Billion)
Table 22 Food & beverage market, 2018 - 2030 (USD Billion)
Table 23 Food & beverage market, by region, 2018 - 2030 (USD Billion)
Table 24 Industrial market, 2018 - 2030 (USD Billion)
Table 25 Industrial market, by region, 2018 - 2030 (USD Billion)
Table 26 Logistics market, 2018 - 2030 (USD Billion)
Table 27 Logistics market, by region, 2018 - 2030 (USD Billion)
Table 28 Retail & e-commerce market, 2018 - 2030 (USD Billion)
Table 29 Retail & e-commerce market, by region, 2018 - 2030 (USD Billion)
Table 30 Others market, 2018 - 2030 (USD Billion)
Table 31 Others market, by region, 2018 - 2030 (USD Billion)
Table 32 Europe electric forklift market, 2018 - 2030 (USD Billion)
Table 33 Europe electric forklift market, by product, 2018 - 2030 (USD Billion)
Table 34 Europe electric forklift market, by battery type, 2018 - 2030 (USD Billion)
Table 35 Europe electric forklift market, by end-use, 2018 - 2030 (USD Billion)
Table 36 U.K. electric forklift market, 2018 - 2030 (USD Billion)
Table 37 U.K. electric forklift market, by product, 2018 - 2030 (USD Billion)
Table 38 U.K. electric forklift market, by battery type, 2018 - 2030 (USD Billion)
Table 39 U.K. electric forklift market, by end-use, 2018 - 2030 (USD Billion)
Table 40 Germany electric forklift market, 2018 - 2030 (USD Billion)
Table 41 Germany electric forklift market, by product, 2018 - 2030 (USD Billion)
Table 42 Germany electric forklift market, by battery type, 2018 - 2030 (USD Billion)
Table 43 Germany electric forklift market, by end-use, 2018 - 2030 (USD Billion)
Table 44 France electric forklift market, 2018 - 2030 (USD Billion)
Table 45 France electric forklift market, by product, 2018 - 2030 (USD Billion)
Table 46 France electric forklift market, by battery type, 2018 - 2030 (USD Billion)
Table 47 France electric forklift market, by end-use, 2018 - 2030 (USD Billion)
Table 48 Rest of Europe electric forklift market, 2018 - 2030 (USD Billion)
Table 49 Rest of Europe electric forklift market, by product, 2018 - 2030 (USD Billion)
Table 50 Rest of Europe electric forklift market, by battery type, 2018 - 2030 (USD Billion)
Table 51 Rest of Europe electric forklift market, by end-use, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1 Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Primary Research Pattern
Fig. 4 Primary Research Process
Fig. 5 Market Formulation and Data Visualization
Fig. 6 Industry Snapshot
Fig. 7 Europe Electric Forklift Market Size and Growth Prospects, 2018 - 2030 (USD Billion)
Fig. 8 Europe Electric Forklift Market Value Chain Analysis
Fig. 9 Europe Electric Forklift Market Penetration & Growth Prospect Mapping (Key Opportunity Prioritized)
Fig. 10 Industry Analysis-Porter’s Five Forces
Fig. 11 PEST Analysis
Fig. 12 Europe Electric Forklift Market, by Product, Key Takeaways (USD Billion)
Fig. 13 Product Movement Analysis & Market Share, 2021 & 2030
Fig. 14 Europe Electric Forklift Market, by Battery Type Key Takeaways (USD Billion)
Fig. 15 Battery Type Movement Analysis & Market Share, 2021 & 2030
Fig. 16 Europe Electric Forklift Market, by End-use, Key Takeaways (USD Billion)
Fig. 17 End-use Movement Analysis & Market Share, 2021 & 2030
Fig. 18 Country market size estimates & forecasts, 2018-2030 (USD Billion)
Fig. 19 Europe Electric Forklift Market Outlook and Market Share by Country, 2021 & 2030 (USD Billion)
Fig. 20 Key Company Ranking Analysis, 2021
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