Market Forecast By Power Source (IC Engine Powered, Electric Powered), By Class (Class 1, Class 2, Class 3, Class 4, Class 5, Others), By End Use (Retail & Wholesale, Logistics, Automotive, Food Industry, Others) And Competitive Landscape
Product Code: ETC027306 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Jordan Forklift Trucks Market report thoroughly cover the By Power Source, Class and End User. The Jordan Forklift Trucks Market outlook report provides an unbiased and detailed analysis of the on-going Jordan Forklift Trucks Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The rise of the nation's warehousing and logistics industries has propelled the market for forklift trucks in Jordan in recent years. As sectors like manufacturing, retail, and construction continue to prosper, there is a greater need for effective material handling solutions. The need for forklift trucks has also been increased by government infrastructure initiatives and the growth of e-commerce.
According to 6Wresearch, the Jordan Forklift Trucks Market revenue is expected to reach at a significant CAGR of approximately 5.8% during the forecast period 2025-2031. This expansion can be attributed to the ongoing development of automation technologies as well as the growing use of environmentally friendly machinery. It is anticipated that the trend toward electric and hybrid forklifts will accelerate as companies look to lower operating expenses and their carbon footprints. Furthermore, the logistics industry's increasing focus on productivity and efficiency is probably going to spur more investments in cutting-edge material handling systems. Due to this, the Jordan Forklift Trucks market growth is expected to grow significantly over this time, helped by both proactive government measures and strong economic conditions.
The market for forklift trucks in Jordan has a number of obstacles that could affect its course, despite the market's encouraging growth potential. The high initial cost of sophisticated forklifts, especially electric and hybrid ones, is a major obstacle that may prevent smaller companies with less funding from investing. Inadequate infrastructure, such electric forklift charging stations, may also prevent electric forklifts from being widely used. Another issue is the lack of skilled labor for running and maintaining sophisticated machinery, as companies have trouble filling positions with trained workers.
Currently, a number of significant developments are influencing the market for forklift trucks in Jordan. First, businesses are rapidly using Internet of Things (IoT) solutions and telematics to improve fleet management and operational efficiencies, indicating a definite move towards automation and smart technology. By enabling data-driven decision-making, predictive maintenance, and real-time monitoring, these technologies eventually lower operating expenses and downtime.
For both domestic and foreign investors, the Jordan forklift truck market offers a number of profitable investment options. The development of electric and hybrid forklift production capacities is one area that shows promise. Investing in the creation of environmentally friendly forklifts is in line with the growing demand for solutions that are sensitive to the environment, as the world moves toward sustainability and renewable energy. Businesses that can develop and manufacture these forklifts domestically stand to gain from lower import dependency and more affordable prices.
The market for forklift trucks in Jordan is distinguished by the existence of a number of significant companies who play a crucial role in determining the direction of the sector. Among them, both foreign producers and regional distributors are well-known for offering a wide variety of forklift models to satisfy various company requirements. Offering a wide range of electric and internal combustion forklifts that are known for their dependability and innovation, Toyota Material Handling stands out as a global leader with a significant presence in Jordan. In a similar vein, Hyster-Yale Group and KION Group have achieved notable market share by providing cutting-edge material handling solutions that prioritize sustainability and technological integration.
The Jordan government has put in place a number of important laws in an attempt to improve the market for forklift trucks in terms of safety, effectiveness, and environmental responsibility. In order to lower workplace accidents and foster a culture of safety, one of the main priorities has been on safety regulations, which include thorough safety training and certification for forklift operators. This includes following the safety procedures specified in national occupational safety rules and conducting thorough inspections.
Furthermore, stricter environmental laws have been implemented, with a major focus on lowering emissions. The government has established goals to encourage the adoption of electric forklifts and phase out older, high-emission internal combustion models. Companies investing in environmentally friendly technologies are being given incentives like tax breaks and grants, which promote the shift to more sustainable practices.
Jordan Forklift Trucks industry is expected to undergo substantial expansion and change in the future due to changing demands and new trends. It is projected that the industry will continue to shift toward environmentally friendly solutions as a result of the worldwide push for green technologies, with a rise in the manufacture and use of electric and hybrid forklifts. Research and development expenditures aimed at advancing battery technology and increasing energy efficiency are probably going to increase as a result of this change. Furthermore, it is anticipated that the incorporation of cutting-edge technologies like IoT, AI, and telematics would transform fleet management by facilitating more intelligent, data-driven decision-making procedures.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6wresearch, Businesses are being pushed to consider about more sustainable operations due to growing environmental concerns and strict government restrictions aimed at reducing emissions. With zero emissions at the point of use, electric forklifts are a cleaner and quieter option that precisely fits these goals.
Class 1 forklifts are in a strong position to see substantial market growth as efficiency and sustainability become more important. They are especially appealing to logistics and warehousing organizations looking to lessen their carbon footprint because of their zero emissions and indoor applicability.
In accordance with broader industry trends toward sustainable and effective operations, the food and logistics sectors are well-positioned to take the lead in implementing electric-powered forklift solutions.
The report offers a comprehensive study of the subsequent market segments:
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 Jordan Forklift Trucks Market Overview |
3.1 Jordan Country Macro Economic Indicators |
3.2 Jordan Forklift Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Jordan Forklift Trucks Market - Industry Life Cycle |
3.4 Jordan Forklift Trucks Market - Porter's Five Forces |
3.5 Jordan Forklift Trucks Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Jordan Forklift Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Jordan Forklift Trucks Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Jordan Forklift Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Jordan Forklift Trucks Market Trends |
6 Jordan Forklift Trucks Market, By Types |
6.1 Jordan Forklift Trucks Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Jordan Forklift Trucks Market Revenues & Volume, By Power Source, 2021 - 2031F |
6.1.3 Jordan Forklift Trucks Market Revenues & Volume, By IC Engine Powered, 2021 - 2031F |
6.1.4 Jordan Forklift Trucks Market Revenues & Volume, By Electric Powered, 2021 - 2031F |
6.2 Jordan Forklift Trucks Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Jordan Forklift Trucks Market Revenues & Volume, By Class 1, 2021 - 2031F |
6.2.3 Jordan Forklift Trucks Market Revenues & Volume, By Class 2, 2021 - 2031F |
6.2.4 Jordan Forklift Trucks Market Revenues & Volume, By Class 3, 2021 - 2031F |
6.2.5 Jordan Forklift Trucks Market Revenues & Volume, By Class 4, 2021 - 2031F |
6.2.6 Jordan Forklift Trucks Market Revenues & Volume, By Class 5, 2021 - 2031F |
6.2.7 Jordan Forklift Trucks Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Jordan Forklift Trucks Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Jordan Forklift Trucks Market Revenues & Volume, By Retail & Wholesale, 2021 - 2031F |
6.3.3 Jordan Forklift Trucks Market Revenues & Volume, By Logistics, 2021 - 2031F |
6.3.4 Jordan Forklift Trucks Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.5 Jordan Forklift Trucks Market Revenues & Volume, By Food Industry, 2021 - 2031F |
6.3.6 Jordan Forklift Trucks Market Revenues & Volume, By Others, 2021 - 2031F |
7 Jordan Forklift Trucks Market Import-Export Trade Statistics |
7.1 Jordan Forklift Trucks Market Export to Major Countries |
7.2 Jordan Forklift Trucks Market Imports from Major Countries |
8 Jordan Forklift Trucks Market Key Performance Indicators |
9 Jordan Forklift Trucks Market - Opportunity Assessment |
9.1 Jordan Forklift Trucks Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Jordan Forklift Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Jordan Forklift Trucks Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Jordan Forklift Trucks Market - Competitive Landscape |
10.1 Jordan Forklift Trucks Market Revenue Share, By Companies, 2024 |
10.2 Jordan Forklift Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |