| Product Code: ETC5083916 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Zambia saw a significant influx of forklift trucks imports in 2024, with top exporters being China, Japan, South Africa, India, and Mauritius. The market remains highly concentrated with a high Herfindahl-Hirschman Index (HHI). Despite a strong compound annual growth rate (CAGR) of 20.31% from 2020 to 2024, there was a notable decline in growth rate in 2024, dropping by -41.48%. This indicates a potential shift or slowdown in the forklift truck import market in Zambia, which may require further analysis and monitoring.

By 2027, the Forklift Trucks market in Zambia is anticipated to reach a growth rate of 12.36%, as part of an increasingly competitive Africa region, where Egypt remains at the forefront, supported by South Africa, Ethiopia, Algeria and Nigeria, driving innovations and market adoption across sectors.

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 Zambia Forklift Trucks Market Overview |
3.1 Zambia Country Macro Economic Indicators |
3.2 Zambia Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Zambia Forklift Trucks Market - Industry Life Cycle |
3.4 Zambia Forklift Trucks Market - Porter's Five Forces |
3.5 Zambia Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Zambia Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Zambia Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Zambia Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and construction activities in Zambia leading to higher demand for material handling equipment like forklift trucks. |
4.2.2 Growth in e-commerce and logistics sectors driving the need for efficient warehouse operations, thereby boosting the demand for forklift trucks. |
4.2.3 Government investments in infrastructure projects such as roads, ports, and warehouses creating opportunities for forklift truck market growth. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with forklift trucks may deter potential buyers. |
4.3.2 Limited availability of skilled forklift operators in Zambia impacting the adoption rate of forklift trucks. |
4.3.3 Economic fluctuations and political instability in Zambia could affect the overall demand for forklift trucks. |
5 Zambia Forklift Trucks Market Trends |
6 Zambia Forklift Trucks Market Segmentations |
6.1 Zambia Forklift Trucks Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Zambia Forklift Trucks Market Revenues & Volume, By IC Engine Powered, 2021-2031F |
6.1.3 Zambia Forklift Trucks Market Revenues & Volume, By Electric Powered, 2021-2031F |
6.2 Zambia Forklift Trucks Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Zambia Forklift Trucks Market Revenues & Volume, By Class 1, 2021-2031F |
6.2.3 Zambia Forklift Trucks Market Revenues & Volume, By Class 2, 2021-2031F |
6.2.4 Zambia Forklift Trucks Market Revenues & Volume, By Class 3, 2021-2031F |
6.2.5 Zambia Forklift Trucks Market Revenues & Volume, By Class 4, 2021-2031F |
6.2.6 Zambia Forklift Trucks Market Revenues & Volume, By Class 5, 2021-2031F |
6.2.7 Zambia Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Zambia Forklift Trucks Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Zambia Forklift Trucks Market Revenues & Volume, By Retail & Wholesale, 2021-2031F |
6.3.3 Zambia Forklift Trucks Market Revenues & Volume, By Logistics, 2021-2031F |
6.3.4 Zambia Forklift Trucks Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Zambia Forklift Trucks Market Revenues & Volume, By Food Industry, 2021-2031F |
6.3.6 Zambia Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
7 Zambia Forklift Trucks Market Import-Export Trade Statistics |
7.1 Zambia Forklift Trucks Market Export to Major Countries |
7.2 Zambia Forklift Trucks Market Imports from Major Countries |
8 Zambia Forklift Trucks Market Key Performance Indicators |
8.1 Average utilization rate of forklift trucks in warehouses and industrial facilities. |
8.2 Number of new warehouse constructions or expansions in Zambia. |
8.3 Training and certification rates of forklift operators in the market. |
8.4 Adoption rate of automated forklift technologies in the material handling industry in Zambia. |
8.5 Percentage of forklift truck breakdowns and maintenance costs compared to total operating costs. |
9 Zambia Forklift Trucks Market - Opportunity Assessment |
9.1 Zambia Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Zambia Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Zambia Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Zambia Forklift Trucks Market - Competitive Landscape |
10.1 Zambia Forklift Trucks Market Revenue Share, By Companies, 2024 |
10.2 Zambia Forklift Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |