| Product Code: ETC5083890 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Serbia`s forklift trucks market witnessed a decrease in imports from 2023 to 2024, with a growth rate of -7.06%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 2.85%. This decline in import trend could be attributed to fluctuations in demand or changes in trade policies during the period.

The Forklift Trucks market in Serbia is projected to grow at a growing growth rate of 9.76% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Serbia Forklift Trucks Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Serbia Forklift Trucks Market - Industry Life Cycle |
3.4 Serbia Forklift Trucks Market - Porter's Five Forces |
3.5 Serbia Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Serbia Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Serbia Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Serbia Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for material handling equipment in warehouses and logistics sectors in Serbia. |
4.2.2 Growth in the manufacturing and construction industries, driving the need for forklift trucks. |
4.2.3 Government initiatives and investments in infrastructure development projects. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with forklift trucks. |
4.3.2 Lack of skilled operators and training programs for operating forklift trucks in Serbia. |
5 Serbia Forklift Trucks Market Trends |
6 Serbia Forklift Trucks Market Segmentations |
6.1 Serbia Forklift Trucks Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Serbia Forklift Trucks Market Revenues & Volume, By IC Engine Powered, 2021-2031F |
6.1.3 Serbia Forklift Trucks Market Revenues & Volume, By Electric Powered, 2021-2031F |
6.2 Serbia Forklift Trucks Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Serbia Forklift Trucks Market Revenues & Volume, By Class 1, 2021-2031F |
6.2.3 Serbia Forklift Trucks Market Revenues & Volume, By Class 2, 2021-2031F |
6.2.4 Serbia Forklift Trucks Market Revenues & Volume, By Class 3, 2021-2031F |
6.2.5 Serbia Forklift Trucks Market Revenues & Volume, By Class 4, 2021-2031F |
6.2.6 Serbia Forklift Trucks Market Revenues & Volume, By Class 5, 2021-2031F |
6.2.7 Serbia Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Serbia Forklift Trucks Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Serbia Forklift Trucks Market Revenues & Volume, By Retail & Wholesale, 2021-2031F |
6.3.3 Serbia Forklift Trucks Market Revenues & Volume, By Logistics, 2021-2031F |
6.3.4 Serbia Forklift Trucks Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Serbia Forklift Trucks Market Revenues & Volume, By Food Industry, 2021-2031F |
6.3.6 Serbia Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
7 Serbia Forklift Trucks Market Import-Export Trade Statistics |
7.1 Serbia Forklift Trucks Market Export to Major Countries |
7.2 Serbia Forklift Trucks Market Imports from Major Countries |
8 Serbia Forklift Trucks Market Key Performance Indicators |
8.1 Average utilization rate of forklift trucks in key industries. |
8.2 Rate of adoption of electric and eco-friendly forklift trucks in the market. |
8.3 Number of training programs conducted for forklift truck operators in Serbia. |
8.4 Average downtime of forklift trucks due to maintenance or repair issues. |
9 Serbia Forklift Trucks Market - Opportunity Assessment |
9.1 Serbia Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Serbia Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Serbia Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Serbia Forklift Trucks Market - Competitive Landscape |
10.1 Serbia Forklift Trucks Market Revenue Share, By Companies, 2024 |
10.2 Serbia Forklift Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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