| Product Code: ETC5083802 | 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 |
Brunei import shipments of forklift trucks in 2024 continued to see a high level of market concentration, with Ireland, Japan, China, Malaysia, and the United States of America emerging as the top exporting countries. The Herfindahl-Hirschman Index (HHI) indicated a shift from very high concentration in 2023 to high concentration in 2024. The impressive compound annual growth rate (CAGR) of 37.7% from 2020 to 2024 reflects a robust expansion in the market, while the growth rate of 1.4% from 2023 to 2024 suggests a steady incremental increase in import volumes.

The Forklift Trucks market in Brunei Darussalam is projected to grow at a stable growth rate of 1.17% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, 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 Brunei Forklift Trucks Market Overview |
3.1 Brunei Country Macro Economic Indicators |
3.2 Brunei Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Brunei Forklift Trucks Market - Industry Life Cycle |
3.4 Brunei Forklift Trucks Market - Porter's Five Forces |
3.5 Brunei Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Brunei Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Brunei Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Brunei Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Brunei leading to higher demand for forklift trucks. |
4.2.2 Growth in the e-commerce sector driving the need for efficient material handling equipment like forklift trucks. |
4.2.3 Government initiatives to improve infrastructure and logistics capabilities boosting the demand for forklift trucks. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with forklift trucks. |
4.3.2 Limited availability of skilled operators leading to operational challenges. |
4.3.3 Economic uncertainties impacting the purchasing power of businesses, affecting the demand for forklift trucks. |
5 Brunei Forklift Trucks Market Trends |
6 Brunei Forklift Trucks Market Segmentations |
6.1 Brunei Forklift Trucks Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Brunei Forklift Trucks Market Revenues & Volume, By IC Engine Powered, 2021-2031F |
6.1.3 Brunei Forklift Trucks Market Revenues & Volume, By Electric Powered, 2021-2031F |
6.2 Brunei Forklift Trucks Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Brunei Forklift Trucks Market Revenues & Volume, By Class 1, 2021-2031F |
6.2.3 Brunei Forklift Trucks Market Revenues & Volume, By Class 2, 2021-2031F |
6.2.4 Brunei Forklift Trucks Market Revenues & Volume, By Class 3, 2021-2031F |
6.2.5 Brunei Forklift Trucks Market Revenues & Volume, By Class 4, 2021-2031F |
6.2.6 Brunei Forklift Trucks Market Revenues & Volume, By Class 5, 2021-2031F |
6.2.7 Brunei Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Brunei Forklift Trucks Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Brunei Forklift Trucks Market Revenues & Volume, By Retail & Wholesale, 2021-2031F |
6.3.3 Brunei Forklift Trucks Market Revenues & Volume, By Logistics, 2021-2031F |
6.3.4 Brunei Forklift Trucks Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Brunei Forklift Trucks Market Revenues & Volume, By Food Industry, 2021-2031F |
6.3.6 Brunei Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
7 Brunei Forklift Trucks Market Import-Export Trade Statistics |
7.1 Brunei Forklift Trucks Market Export to Major Countries |
7.2 Brunei Forklift Trucks Market Imports from Major Countries |
8 Brunei Forklift Trucks Market Key Performance Indicators |
8.1 Average utilization rate of forklift trucks in Brunei. |
8.2 Rate of adoption of advanced forklift technologies in the market. |
8.3 Number of forklift truck rental services in the country. |
9 Brunei Forklift Trucks Market - Opportunity Assessment |
9.1 Brunei Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Brunei Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Brunei Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Brunei Forklift Trucks Market - Competitive Landscape |
10.1 Brunei Forklift Trucks Market Revenue Share, By Companies, 2024 |
10.2 Brunei 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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