| Product Code: ETC5083795 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to see a steady influx of forklift trucks from key European countries including Metropolitan France, Germany, UK, Netherlands, and Italy. The market maintained a moderate concentration level, indicating a competitive landscape. With a notable compound annual growth rate of 12.11% from 2020 to 2024, the industry demonstrated resilience and potential for further expansion. The growth rate of 2.77% in 2024 suggests a consistent upward trajectory, reflecting sustained demand for forklift trucks in Belgium.

The Forklift Trucks market in Belgium is projected to grow at a stable growth rate of 3.24% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Belgium Forklift Trucks Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Forklift Trucks Market - Industry Life Cycle |
3.4 Belgium Forklift Trucks Market - Porter's Five Forces |
3.5 Belgium Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Belgium Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Belgium Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Belgium Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for efficient material handling solutions in warehouses and logistics operations |
4.2.2 Technological advancements in forklift trucks leading to improved productivity and safety |
4.2.3 Increasing focus on sustainability and environmental regulations driving the adoption of electric forklift trucks |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with forklift trucks |
4.3.2 Lack of skilled operators for handling advanced forklift technology |
4.3.3 Economic uncertainty impacting investment decisions in material handling equipment |
5 Belgium Forklift Trucks Market Trends |
6 Belgium Forklift Trucks Market Segmentations |
6.1 Belgium Forklift Trucks Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Belgium Forklift Trucks Market Revenues & Volume, By IC Engine Powered, 2021-2031F |
6.1.3 Belgium Forklift Trucks Market Revenues & Volume, By Electric Powered, 2021-2031F |
6.2 Belgium Forklift Trucks Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Belgium Forklift Trucks Market Revenues & Volume, By Class 1, 2021-2031F |
6.2.3 Belgium Forklift Trucks Market Revenues & Volume, By Class 2, 2021-2031F |
6.2.4 Belgium Forklift Trucks Market Revenues & Volume, By Class 3, 2021-2031F |
6.2.5 Belgium Forklift Trucks Market Revenues & Volume, By Class 4, 2021-2031F |
6.2.6 Belgium Forklift Trucks Market Revenues & Volume, By Class 5, 2021-2031F |
6.2.7 Belgium Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Belgium Forklift Trucks Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Belgium Forklift Trucks Market Revenues & Volume, By Retail & Wholesale, 2021-2031F |
6.3.3 Belgium Forklift Trucks Market Revenues & Volume, By Logistics, 2021-2031F |
6.3.4 Belgium Forklift Trucks Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Belgium Forklift Trucks Market Revenues & Volume, By Food Industry, 2021-2031F |
6.3.6 Belgium Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
7 Belgium Forklift Trucks Market Import-Export Trade Statistics |
7.1 Belgium Forklift Trucks Market Export to Major Countries |
7.2 Belgium Forklift Trucks Market Imports from Major Countries |
8 Belgium Forklift Trucks Market Key Performance Indicators |
8.1 Average cost of ownership per forklift truck over its lifespan |
8.2 Rate of adoption of electric forklift trucks compared to traditional fuel-powered models |
8.3 Number of forklift operator training programs implemented by companies |
8.4 Percentage of companies incorporating forklift telematics for fleet management |
9 Belgium Forklift Trucks Market - Opportunity Assessment |
9.1 Belgium Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Belgium Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Belgium Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Belgium Forklift Trucks Market - Competitive Landscape |
10.1 Belgium Forklift Trucks Market Revenue Share, By Companies, 2024 |
10.2 Belgium 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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