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Electric Forklift Market growing at CAGR of 14.9% by 2030 | Key Companies: Anhui Heli Co., Ltd., Clark, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, KION Group AG, Komatsu

05-23-2024 11:51 AM CET | Logistics & Transport

Press release from: The Research Insights

/ PR Agency: The Research Insights
Electric Forklift Market growing at CAGR of 14.9% by 2030 | Key

Electric forklifts have gained popularity as efficient alternatives to classic internal combustion engine models as businesses attempt to lower their carbon footprint and comply with rigorous emission requirements. Advances in battery technology, which provide longer operational hours and faster charging capabilities, are also driving market growth. Furthermore, the increased emphasis on warehouse automation and the rising demand for electric forklifts in industries such as manufacturing, shipping, and e-commerce contribute to the market's upward trend. The electric forklift market is expected to expand further as enterprises prioritise environmental sustainability and seek cost-effective, energy-efficient material handling solutions.

The Global Electric Forklift Market in terms of revenue was estimated to be worth USD 39.15 billion by 2022 and is poised to grow at a CAGR of 14.9% from 2023 to 2030.

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Top Key Players Profiled in This Report:
Anhui Heli Co., Ltd., Clark, Crown Equipment Corporation, Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., Jungheinrich AG, KION Group AG, Komatsu Ltd., Doosan Industrial Vehicles Co. Ltd, Crown Equipment Corp. and Others.

The key questions answered in this report: -
1. What will be the Market Size and Growth Rate in the forecast year?
2. What are the Key Factors driving Electric Forklift Market?
3. What are the Risks and Challenges in front of the market?
4. Who are the Key Vendors in Electric Forklift Market?
5. What are the Trending Factors influencing the market shares?
6. What are the Key Outcomes of Porter's five forces model?
7. Which are the Global Opportunities for Expanding the Electric Forklift Market?

The increased emphasis on electrification trends and sustainability measures is one of the key factors for the Electric Forklift Market. As businesses attempt to lower their carbon footprint and comply with tightening environmental rules, electric forklifts are becoming more popular. These forklifts are a more environmentally friendly and energy-efficient alternative to its internal combustion engine cousins. The push for sustainability, combined with government incentives to promote electric cars, leads to the growing use of electric forklifts in a variety of industries.

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Electric Forklift Market Segmentation by Product:
• Counterbalanced
• Pallet Trucks
• Reach Trucks
• Pallet Stackers
• Others

Electric Forklift Market Segmentation by Battery Type:
• Lithium-Ion
• Others

Electric Forklift Market Segmentation by End Use:
• Cloud
• On-premises

Electric Forklift Market Segmentation by Industry:
• Chemical
• Food & Beverage
• Industrial
• Logistics
• Retail & E-Commerce
• Others

Electric Forklift Market by Regions:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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sales@theresearchinsights.com
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About us:
The Research Insights - A global leader in analytics, research and advisory that can assist you to renovate your business and modify your approach. With us, you will learn to take decisions intrepidly. We make sense of drawbacks, opportunities, circumstances, estimations and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research reports and are outstandingly positioned to lead digital transformations. Thus, we craft greater value for clients by presenting advanced opportunities in the global market.

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