Market by Power Source, Type, End-user, and Regional Outlook | Forecast 2023-2030
Forklifts are widely utilized in warehouse operations for loading and
unloading trucks as well as transporting goods. They come in various designs,
sizes, and load capacities, making them suitable for warehouses and construction
sites. Construction workers use forklifts to move large materials over short
distances and even through rough terrain. Moreover, they play a crucial role in
handling and transporting various items, including steel beams, construction
equipment, and pallets of material. These items are particularly important when
they need to be efficiently moved from a vehicle to the construction site.
The global forklift market is highly competitive, with the presence of
prominent international players such as Toyota Industries Corporation, KION
Group AG, Mitsubishi Logisnext Co Ltd, and local vendors. In this market,
vendors compete based on various criteria, including brand loyalty,
customer satisfaction, new truck selling prices, extensive product options, and
lifetime cost of ownership. For all suppliers, fluctuating raw material prices,
supply disruptions, and logistical delays will be a burden. Going forward,
market players will focus on finding ways to offer affordable and
environmentally friendly forklifts as a core part of their product lines.
According to Triton Market Research’s analysis, the
Global Forklift Truck Market is
likely to reach a CAGR of 8.08% over
the forecast period 2023-2030. The
market was valued at $68393.39 million
in 2022 and is expected to reach a revenue of $123258.01 million by 2030.
Click here to check out our blog on the Global Forklift Truck Market
MARKET PERFORMANCE: DRIVERS, CHALLENGES, AND
OPPORTUNITIES
The thriving e-commerce industry fuels the
market growth of forklift trucks. E-commerce has grown due to the increase in disposable money, internet
usage, and convenience in shopping. Retail sales have grown significantly due
to direct-to-customer deliveries, increased internet purchases, and excessive
shipping and shopping habits. The expansion of retail sales has significantly
changed the way warehouses operate. Increased e-commerce means that more
warehouses are needed, placing an additional burden on supply chain management.
Therefore, using forklifts in warehouses is essential to effectively manage the
supply chain and increase operational efficiency.
However, stringent training and emissions
regulations pose challenges to the forklift truck market. Forklifts are made from raw materials such as
steel, lead, and copper, as well as other industrial materials such as rubber.
The supply of these basic resources, which come from several countries, is
largely vulnerable to changes in the commodity markets and exchange rates. In
addition, these changes may significantly increase operating costs for
manufacturers that depend on a few suppliers, forcing them to charge higher
prices than their competitors, putting them at a competitive disadvantage.
Nevertheless,
the introduction of autonomous technology is expected to create new
opportunities for market expansion. The use of autonomous forklifts helps maintain a
safe work environment and ensures employee safety. Manufacturers such as
Hyster-Yale Materials Handling Inc and Toyota Industries Corporation are also
investing heavily in their research and development activities to produce
technologically advanced autonomous forklifts.
KEY GEOGRAPHIES COVERED:
• North America: United
States and Canada
• Europe: United Kingdom,
Germany, France, Italy, Spain, and Rest of Europe
• Asia-Pacific: China,
Japan, India, ASEAN Countries, Australia & New Zealand, and Rest of
Asia-Pacific
• Latin America: Brazil,
Mexico, and Rest of Latin America
• Middle East and Africa:
United Arab Emirates, Saudi Arabia, Turkey, South Africa, and Rest of Middle
East & Africa
SEGMENTATION ANALYSIS – FORKLIFT TRUCK MARKET
• Market
by Power Source:
o IC
Engine Powered
o Electric
Powered
The electric powered forklift category
is expected to grow at the fastest rate. This type of engine is becoming more popular
as it is environmentally friendly. Emissions are a serious issue with internal
combustion engine vehicles, and forklifts are no exception. Electrically
powered vehicles operate without gases or chemical reactions that could
endanger workers’ health, making them ideal for indoor use.
• Market by Type:
o Class
1
o Class
2
o Class
3
o Class
4 & 5
• Market by End-user:
o Retail & E-Commerce
o Construction
o Manufacturing
o Other
End-Users
As of 2022, retail and e-commerce had the largest share of the market by end-user. Forklifts used in retail and wholesale are used to lift and move industrial goods from one place to another. Physical goods managed in logistics and e-commerce include food, supplies, machinery, liquids, and other items. The key benefits of forklifts for logistics and e-commerce include fast operations, time savings, and high efficiency while saving on the total cost of ownership.
COMPETITIVE LANDSCAPE:
The forklift truck market by company profile helps dive into data about the key players in this industry. The strategic initiatives for each of the companies considered have been covered in detail.
Product Launch (March 2023)
Hangcha Group Co Ltd
In
March 2023, Hangcha launched the XE series of electric forklifts. The XE series
covers a range of 1.5-3.8 tonnes, with a battery capacity of up to 80V/608Ah.
Product Launch (December
2022) Clark Material Handling Company
In
December 2022, Clark Material Handling Company launched SEC20-35 four-wheel
electric forklift. The SEC20-35 is built with capacities ranging from
4,000-7,000 pounds.
KEY BENEFITS OF THE REPORT:
●
Triton Market Research has a collective experience of 25-30 years
in the industry, with its analysts and experts encompassing the most infallible
research methodology for its market intelligence and industry analysis.
●
Our research methodology helps in achieving a broader consensus of
the market size, shape, and industry trends within each industry segment.
●
The strategy adopted in designing the research methodology
includes the amalgamation of the information assembled from primary and
secondary sources, with the assistance of analytical tools to construct the
forecast and predictive models.
●
The scope of the market report comprises the current scenario of
the global forklift truck market, along with the detailed overview of the
industry outlook, market dynamics, segmentation analysis, regional outlook, and
competitive landscape for the period 2023-2030.
FAQs
Q 1) What is the volume
growth of the forklift truck market?
In 2022, the forklift truck market recorded 1421.55 thousand units and
is expected to register 2319.59 thousand units by 2030.
Q 2) Which is the largest
sub-segment of the market by type?
Classes 4 and 5 accounted for the majority of the market share in 2022.
This category is primarily driven by benefits and application specificity.
These forklifts are powered by internal combustion engines, which makes them
suitable for outdoor applications that require long periods of operation due to
less downtime for refueling. In addition, these forklifts have a higher load
capacity, making them suitable for applications that require the transport of
heavy palletized loads.
1. GLOBAL
FORKLIFT TRUCK MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FORKLIFT TRUCK MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. INDUSTRY
COMPONENTS
2.4.1. SUPPLIERS
2.4.2. MANUFACTURERS
2.4.3. DISTRIBUTORS
2.4.4. END-USER
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. COST
2.5.2. ENGINE
TYPE
2.5.3. PAYLOAD
CAPACITIES
2.5.4. LIFT
HEIGHT
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES
2.6.2. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. GROWING
DEMAND FROM THE E-COMMERCE SECTOR
2.7.2. TRANSITION
TOWARD AUTOMATION OF MANUFACTURING PLANTS
2.8. MARKET
CHALLENGES
2.8.1. STRINGENT
TRAINING AND EMISSIONS REGULATIONS
2.8.2. FLUCTUATING
PRICE OF RAW MATERIALS
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
DEMAND FOR ELECTRIC FORKLIFTS
2.9.2. INTRODUCTION
OF AUTONOMOUS VEHICLE TECHNOLOGY FOR MATERIAL HANDLING
2.10. ANALYST
PERSPECTIVE
3. GLOBAL
FORKLIFT TRUCK MARKET – BY POWER SOURCE
3.1. IC
ENGINE POWERED
3.2. ELECTRIC
POWERED
4. GLOBAL
FORKLIFT TRUCK MARKET – BY TYPE
4.1. CLASS
1
4.2. CLASS
2
4.3. CLASS
3
4.4. CLASS
4 & 5
5. GLOBAL
FORKLIFT TRUCK MARKET – BY END-USER
5.1. RETAIL
& E-COMMERCE
5.2. CONSTRUCTION
5.3. MANUFACTURING
5.4. OTHER
END-USERS
6. GLOBAL
FORKLIFT TRUCK MARKET – BY REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY POWER SOURCE
6.1.2. MARKET
BY TYPE
6.1.3. MARKET
BY END-USER
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.1.1. UNITED
STATES FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.1.4.2. CANADA
6.1.4.2.1. CANADA
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.2. EUROPE
6.2.1. MARKET
BY POWER SOURCE
6.2.2. MARKET
BY TYPE
6.2.3. MARKET
BY END-USER
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.1.1. UNITED
KINGDOM FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.2.4.2. GERMANY
6.2.4.2.1. GERMANY
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.2.4.3. FRANCE
6.2.4.3.1. FRANCE
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.2.4.4. ITALY
6.2.4.4.1. ITALY
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.2.4.5. SPAIN
6.2.4.5.1. SPAIN
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.2.4.6. REST
OF EUROPE
6.2.4.6.1. REST
OF EUROPE FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY POWER SOURCE
6.3.2. MARKET
BY TYPE
6.3.3. MARKET
BY END-USER
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.1.1. CHINA
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.3.4.2. JAPAN
6.3.4.2.1. JAPAN
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.3.4.3. INDIA
6.3.4.3.1. INDIA
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.3.4.4. ASEAN
COUNTRIES
6.3.4.4.1. ASEAN
COUNTRIES FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.3.4.5. AUSTRALIA
& NEW ZEALAND
6.3.4.5.1. AUSTRALIA
& NEW ZEALAND FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.3.4.6. REST
OF ASIA-PACIFIC
6.3.4.6.1. REST
OF ASIA-PACIFIC FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.4. LATIN
AMERICA
6.4.1. MARKET
BY POWER SOURCE
6.4.2. MARKET
BY TYPE
6.4.3. MARKET
BY END-USER
6.4.4. COUNTRY
ANALYSIS
6.4.4.1. BRAZIL
6.4.4.1.1. BRAZIL
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.4.4.2. MEXICO
6.4.4.2.1. MEXICO
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.4.4.3. REST
OF LATIN AMERICA
6.4.4.3.1. REST
OF LATIN AMERICA FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.5. MIDDLE
EAST AND AFRICA
6.5.1. MARKET
BY POWER SOURCE
6.5.2. MARKET
BY TYPE
6.5.3. MARKET
BY END-USER
6.5.4. COUNTRY
ANALYSIS
6.5.4.1. UNITED
ARAB EMIRATES
6.5.4.1.1. UNITED
ARAB EMIRATES FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.5.4.2. SAUDI
ARABIA
6.5.4.2.1. SAUDI
ARABIA FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.5.4.3. TURKEY
6.5.4.3.1. TURKEY
FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.5.4.4. SOUTH
AFRICA
6.5.4.4.1. SOUTH
AFRICA FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
6.5.4.5. REST
OF MIDDLE EAST AND AFRICA
6.5.4.5.1. REST
OF MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. TOYOTA
INDUSTRIES CORPORATION
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGE
7.2. KION
GROUP AG
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTH
7.2.4. KEY
CHALLENGE
7.3. HYSTER-YALE
MATERIALS HANDLING INC
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. KOMATSU
LTD
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. JUNGHEINRICH
AG
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTH
7.5.4. KEY
CHALLENGE
7.6. MITSUBISHI
LOGISNEXT CO LTD
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. HANGCHA
GROUP CO LTD
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. DOOSAN
CORPORATION
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTH
7.8.4. KEY
CHALLENGE
7.9. CROWN
EQUIPMENT CORPORATION
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTH
7.9.4. KEY
CHALLENGE
7.10. CLARK
MATERIAL HANDLING COMPANY
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTH
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL FORKLIFT TRUCK MARKET, BY REGIONAL
OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: GLOBAL FORKLIFT TRUCK MARKET, BY REGIONAL
OUTLOOK, 2023-2030 (IN THOUSAND UNITS)
TABLE 3: LIST OF PRODUCT LAUNCHES
TABLE 4: LIST OF BUSINESS DIVESTITURES &
EXPANSIONS
TABLE 5: GLOBAL FORKLIFT TRUCK MARKET, BY POWER SOURCE,
2023-2030 (IN $ MILLION)
TABLE 6: GLOBAL FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 7: GLOBAL FORKLIFT TRUCK MARKET, BY END-USER,
2023-2030 (IN $ MILLION)
TABLE 8: GLOBAL FORKLIFT TRUCK MARKET, BY REGIONAL
OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 9: NORTH AMERICA FORKLIFT TRUCK MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 10: NORTH AMERICA FORKLIFT TRUCK MARKET, BY POWER
SOURCE, 2023-2030 (IN $ MILLION)
TABLE 11: NORTH AMERICA FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 12: NORTH AMERICA FORKLIFT TRUCK MARKET, BY
END-USER, 2023-2030 (IN $ MILLION)
TABLE 13: EUROPE FORKLIFT TRUCK MARKET, BY COUNTRY
OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 14: EUROPE FORKLIFT TRUCK MARKET, BY POWER SOURCE,
2023-2030 (IN $ MILLION)
TABLE 15: EUROPE FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 16: EUROPE FORKLIFT TRUCK MARKET, BY END-USER,
2023-2030 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY POWER
SOURCE, 2023-2030 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC FORKLIFT TRUCK MARKET, BY
END-USER, 2023-2030 (IN $ MILLION)
TABLE 21: LATIN AMERICA FORKLIFT TRUCK MARKET, BY
COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 22: LATIN AMERICA FORKLIFT TRUCK MARKET, BY POWER
SOURCE, 2023-2030 (IN $ MILLION)
TABLE 23: LATIN AMERICA FORKLIFT TRUCK MARKET, BY TYPE,
2023-2030 (IN $ MILLION)
TABLE 24: LATIN AMERICA FORKLIFT TRUCK MARKET, BY
END-USER, 2023-2030 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET,
BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 26: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET,
BY POWER SOURCE, 2023-2030 (IN $ MILLION)
TABLE 27: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET,
BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 28: MIDDLE EAST AND AFRICA FORKLIFT TRUCK MARKET,
BY END-USER, 2023-2030 (IN $ MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: GLOBAL FORKLIFT TRUCK MARKET, BY POWER SOURCE, 2022-2030 (IN %)
FIGURE 5: GLOBAL FORKLIFT TRUCK MARKET, BY IC ENGINE POWERED, 2023-2030
(IN $ MILLION)
FIGURE 6: GLOBAL FORKLIFT TRUCK MARKET, BY ELECTRIC POWERED, 2023-2030
(IN $ MILLION)
FIGURE 7: GLOBAL FORKLIFT TRUCK MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE 8: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 1, 2023-2030 (IN $
MILLION)
FIGURE 9: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 2, 2023-2030 (IN $
MILLION)
FIGURE 10: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 3, 2023-2030 (IN $
MILLION)
FIGURE 11: GLOBAL FORKLIFT TRUCK MARKET, BY CLASS 4 & 5, 2023-2030
(IN $ MILLION)
FIGURE 12: GLOBAL FORKLIFT TRUCK MARKET, BY END-USER, 2022 & 2030 (IN
%)
FIGURE 13: GLOBAL FORKLIFT TRUCK MARKET, BY RETAIL & E-COMMERCE,
2023-2030 (IN $ MILLION)
FIGURE 14: GLOBAL FORKLIFT TRUCK MARKET, BY CONSTRUCTION, 2023-2030 (IN $
MILLION)
FIGURE 15: GLOBAL FORKLIFT TRUCK MARKET, BY MANUFACTURING, 2023-2030 (IN
$ MILLION)
FIGURE 16: GLOBAL FORKLIFT TRUCK MARKET, BY OTHER END-USERS, 2023-2030
(IN $ MILLION)
FIGURE 17: GLOBAL FORKLIFT TRUCK MARKET, BY REGIONAL OUTLOOK, 2022-2030
(IN %)
FIGURE 18: UNITED STATES FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: CANADA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: UNITED KINGDOM FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 21: GERMANY FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: FRANCE FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: ITALY FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: SPAIN FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 25: REST OF EUROPE FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 26: CHINA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 27: JAPAN FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 28: INDIA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 29: ASEAN COUNTRIES FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 30: AUSTRALIA & NEW ZEALAND FORKLIFT TRUCK MARKET 2023-2030
(IN $ MILLION)
FIGURE 31: REST OF ASIA-PACIFIC FORKLIFT TRUCK MARKET 2023-2030 (IN $
MILLION)
FIGURE 32: BRAZIL FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 33: MEXICO FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 34: REST OF LATIN AMERICA FORKLIFT TRUCK MARKET 2023-2030 (IN $
MILLION)
FIGURE 35: UNITED ARAB EMIRATES FORKLIFT TRUCK MARKET 2023-2030 (IN $
MILLION)
FIGURE 36: SAUDI ARABIA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 37: TURKEY FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 38: SOUTH AFRICA FORKLIFT TRUCK MARKET 2023-2030 (IN $ MILLION)
FIGURE 39: REST OF MIDDLE EAST & AFRICA FORKLIFT TRUCK MARKET 2023-2030
(IN $ MILLION)