| Product Code: ETC5083836 | Publication Date: Nov 2023 | Updated Date: Nov 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, Hong Kong continued to see significant import shipments of forklift trucks, with China, Japan, Malaysia, Macao SAR, and Belgium being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a notable compound annual growth rate (CAGR) of 18.16% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -19.35%. This data suggests a robust market for forklift trucks in Hong Kong, with key players maintaining a strong presence in the industry.

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 Hong Kong Forklift Trucks Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Forklift Trucks Market - Industry Life Cycle |
3.4 Hong Kong Forklift Trucks Market - Porter's Five Forces |
3.5 Hong Kong Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Hong Kong Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Hong Kong Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Hong Kong Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for warehousing and logistics services in Hong Kong |
4.2.2 Growth in e-commerce industry leading to higher need for material handling equipment |
4.2.3 Government initiatives promoting the use of electric forklift trucks for environmental sustainability |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs of forklift trucks |
4.3.2 Lack of skilled operators and technicians for forklift operations |
4.3.3 Limited availability of suitable storage spaces and warehouses in Hong Kong |
5 Hong Kong Forklift Trucks Market Trends |
6 Hong Kong Forklift Trucks Market Segmentations |
6.1 Hong Kong Forklift Trucks Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Forklift Trucks Market Revenues & Volume, By IC Engine Powered, 2021-2031F |
6.1.3 Hong Kong Forklift Trucks Market Revenues & Volume, By Electric Powered, 2021-2031F |
6.2 Hong Kong Forklift Trucks Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Forklift Trucks Market Revenues & Volume, By Class 1, 2021-2031F |
6.2.3 Hong Kong Forklift Trucks Market Revenues & Volume, By Class 2, 2021-2031F |
6.2.4 Hong Kong Forklift Trucks Market Revenues & Volume, By Class 3, 2021-2031F |
6.2.5 Hong Kong Forklift Trucks Market Revenues & Volume, By Class 4, 2021-2031F |
6.2.6 Hong Kong Forklift Trucks Market Revenues & Volume, By Class 5, 2021-2031F |
6.2.7 Hong Kong Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Hong Kong Forklift Trucks Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Forklift Trucks Market Revenues & Volume, By Retail & Wholesale, 2021-2031F |
6.3.3 Hong Kong Forklift Trucks Market Revenues & Volume, By Logistics, 2021-2031F |
6.3.4 Hong Kong Forklift Trucks Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Hong Kong Forklift Trucks Market Revenues & Volume, By Food Industry, 2021-2031F |
6.3.6 Hong Kong Forklift Trucks Market Revenues & Volume, By Others, 2021-2031F |
7 Hong Kong Forklift Trucks Market Import-Export Trade Statistics |
7.1 Hong Kong Forklift Trucks Market Export to Major Countries |
7.2 Hong Kong Forklift Trucks Market Imports from Major Countries |
8 Hong Kong Forklift Trucks Market Key Performance Indicators |
8.1 Average utilization rate of forklift trucks in Hong Kong |
8.2 Number of forklift truck accidents and safety incidents |
8.3 Adoption rate of electric forklift trucks in the market |
9 Hong Kong Forklift Trucks Market - Opportunity Assessment |
9.1 Hong Kong Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Hong Kong Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Hong Kong Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Hong Kong Forklift Trucks Market - Competitive Landscape |
10.1 Hong Kong Forklift Trucks Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Forklift Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |