World - Self-Propelled Trucks Fitted With Lifting Or Handling Equipment, Non-Powered By An Electric Motor - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSelf-Propelled Non-Electric Fork-Lift Truck Market
The global market for self-propelled fork-lift trucks with non-electric motor is expected to show positive growth trends in both market volume and value over the period from 2022 to 2030. Consumption has been steadily increasing, with key countries like Belgium, the UK, and China leading the way in both consumption and production. Import and export trends also show growth, with China emerging as the largest exporter in terms of volume, and China and the United States leading in terms of export value. Overall, the market is forecasted to continue on an upward trajectory in the immediate term.
Market Forecast
Driven by increasing demand for self-propelled fork-lift trucks with non-electric motor worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $26.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Self-Propelled Fork-Lift Trucks with Non-Electric Motor
In 2022, approx. 979K units of self-propelled fork-lift trucks with non-electric motor were consumed worldwide; with an increase of 44% compared with the year before. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.3% against 2019 indices. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.
The global self-propelled non-electric fork-lift truck market value surged to $19.8B in 2022, increasing by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.2% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Belgium (138K units), the UK (110K units) and China (70K units), together comprising 33% of global consumption. The United States, India, Ireland, Italy, Spain, France, Canada, Brazil, Chile and the Netherlands lagged somewhat behind, together accounting for a further 40%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Ireland (with a CAGR of +55.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Belgium ($2.7B), the United States ($2.5B) and the UK ($1.4B) were the countries with the highest levels of market value in 2022, with a combined 34% share of the global market. China, Italy, Ireland, France, India, Canada, Brazil, Chile, Spain and the Netherlands lagged somewhat behind, together accounting for a further 35%.
In terms of the main consuming countries, Ireland, with a CAGR of +52.7%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of self-propelled non-electric fork-lift truck per capita consumption in 2022 were Belgium (12 units per 1000 persons), Ireland (9.8 units per 1000 persons) and the UK (1.6 units per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Ireland (with a CAGR of +54.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor
In 2022, after four years of growth, there was decline in production of self-propelled fork-lift trucks with non-electric motor, when its volume decreased by -2.1% to 665K units. The total output volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by 27% against the previous year. As a result, production reached the peak volume of 679K units, and then dropped slightly in the following year.
In value terms, self-propelled non-electric fork-lift truck production reduced modestly to $12.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Over the period under review, global production attained the maximum level at $13.1B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
China (253K units) constituted the country with the largest volume of self-propelled non-electric fork-lift truck production, accounting for 38% of total volume. Moreover, self-propelled non-electric fork-lift truck production in China exceeded the figures recorded by the second-largest producer, the Netherlands (53K units), fivefold. The third position in this ranking was taken by the United States (47K units), with a 7.1% share.
In China, self-propelled non-electric fork-lift truck production expanded at an average annual rate of +8.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (-9.6% per year) and the United States (+1.2% per year).
Imports
World Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor
In 2022, approx. 882K units of self-propelled fork-lift trucks with non-electric motor were imported worldwide; jumping by 51% compared with 2021 figures. Overall, imports saw a mild expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, self-propelled non-electric fork-lift truck imports skyrocketed to $11.5B in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.
Imports By Country
In 2022, Belgium (161K units) and the UK (128K units) represented the key importers of self-propelled fork-lift trucks with non-electric motoracross the globe, together finishing at near 33% of total imports. It was distantly followed by the United States (65K units), Ireland (53K units) and Spain (50K units), together creating a 19% share of total imports. Canada (37K units), France (29K units), the Netherlands (27K units), Chile (24K units), Australia (20K units), Thailand (18K units), Germany (16K units) and Russia (16K units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +77.0%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($2.6B) constitutes the largest market for imported self-propelled fork-lift trucks with non-electric motor worldwide, comprising 23% of global imports. The second position in the ranking was held by Canada ($825M), with a 7.2% share of global imports. It was followed by Australia, with a 5.4% share.
In the United States, self-propelled non-electric fork-lift truck imports increased at an average annual rate of +11.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+2.7% per year) and Australia (+1.7% per year).
Import Prices By Country
The average self-propelled non-electric fork-lift truck import price stood at $13,029 per unit in 2022, which is down by -18.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27%. Global import price peaked at $22,008 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($40,736 per unit), while Ireland ($1,185 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+32.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor
In 2022, the amount of self-propelled fork-lift trucks with non-electric motor exported worldwide shrank modestly to 568K units, waning by -2.7% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. Over the period under review, the global exports reached the maximum at 591K units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, self-propelled non-electric fork-lift truck exports surged to $12.3B in 2022. The total export value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
Exports By Country
China represented the largest exporting country with an export of around 184K units, which finished at 32% of total exports. The UK (62K units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (11%), the United States (8.7%) and France (5.5%). The following exporters - Denmark (23K units), Belgium (23K units), South Korea (19K units), Germany (19K units), Japan (18K units), Spain (14K units), the Czech Republic (14K units) and Italy (10K units) - together made up 24% of total exports.
Exports from China increased at an average annual rate of +12.9% from 2012 to 2022. At the same time, Denmark (+41.0%), the Czech Republic (+22.8%), Spain (+15.7%), Belgium (+13.5%), France (+5.7%), Italy (+2.1%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the world, with a CAGR of +41.0% from 2012-2022. The United States and the UK experienced a relatively flat trend pattern. By contrast, Germany (-2.8%), Japan (-6.1%) and the Netherlands (-13.6%) illustrated a downward trend over the same period. China (+23 p.p.), Denmark (+3.9 p.p.), Belgium (+2.9 p.p.), France (+2.5 p.p.), the Czech Republic (+2.1 p.p.) and Spain (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while Japan and the Netherlands saw its share reduced by -2.5% and -33.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($3B) remains the largest self-propelled non-electric fork-lift truck supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by the United States ($1.2B), with a 9.7% share of global exports. It was followed by the UK, with a 9.2% share.
In China, self-propelled non-electric fork-lift truck exports expanded at an average annual rate of +12.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.3% per year) and the UK (+3.0% per year).
Export Prices By Country
The average self-propelled non-electric fork-lift truck export price stood at $21,704 per unit in 2022, with an increase of 26% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled non-electric fork-lift truck export price decreased by -21.1% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 53% against the previous year. Over the period under review, the average export prices attained the peak figure at $27,513 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($78,658 per unit), while Denmark ($1,168 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for self-propelled non-electric fork-lift truck. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Explore the top import markets for self-propelled non-electric fork-lift trucks around the world. Learn about key statistics and import values in countries such as the United States, Canada, Netherlands, and more.
Explore the world's best import markets for self-propelled non-electric forklift trucks. Learn about the key statistics and figures of these top countries. Discover the leading markets and emerging opportunities in the industry.
Discover the top import markets for fork-lift trucks worldwide. Explore key statistics, market values, and the importance of these countries in the global market. Gain insights from IndexBox market intelligence platform.
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