Market Forecast By Fuel Type (Diesel, Battery- Electric, Gasoline & LPG/CNG), By Class Type (Class 1, Class 2, Class 3, Class 4&5), By Applications (Freight & Logistics, Manufacturing, Warehousing & Others) and competitive landscape
Product Code: ETC002558 | Publication Date: May 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Saudi Arabia Forklift Market is expected to register rapid growth over the coming years. Crucial forklift market trends such as the introduction of fuel cell-powered forklift trucks will also drive market growth. Manufacturers emphasizing heavily on R&D, forklift trucks powered by hydrogen fuel cells have been a significant technological advancement. These trucks reduce carbon footprint substantially and increase operation efficiency due to lesser downtime.
According to 6Wresearch, Saudi Arabia Forklifts Market size is anticipated to register growth during 2020-2026F. The market is projected to increase due to rapid growth in the construction sector. The building construction and renovation market witnessed significant growth in Saudi Arabia in the last few years. The number of public building renovations in Saudi Arabia has increased due to the implementation of projects such as “NEOM” and the demand for forklift trucks is also growing. However, the forklifts market would witness a decline during the year 2020 on account of the global pandemic caused due to coronavirus, however, the market is expected to recover post-2020.
By Fuel Type, New emerging product types of battery-operated electric forklifts are gaining momentum in the country. Electric forklifts are now available with many special attachments for specific applications with a lower cost of ownership. Customers have started preferring electric forklifts over diesel variants. E-commerce has been a big boom for the forklift market in Saudi Arabia as a lot of warehousing operations increased.
The Saudi Arabia Forklifts market report thoroughly covers the market by fuel type, applications, class type, and regions. The Saudi Arabia Forklifts market outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Forklifts 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.
Saudi Arabia forklifts market is projected to witness impressive growth in the forthcoming years backed by the rising growth of the EXIM industry in the country. The increase in the trade practices such as the top importing categories are electrical devices, vehicles and the top exporting categories are mineral fuel, plastics, and organic chemicals are estimated to support the growth and development of warehouse setup and are likely to proliferate the use of forklifts and is expected to instigate the optimistic growth of the Saudi Arabia forklift market in the upcoming six years.
Key Highlights of the Report:
Markets Covered
The Saudi Arabia Forklifts Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Saudi Arabia Forklift Market Overview |
3.1. Saudi Arabia Forklift Market Revenues, 2016-2026F |
3.2. Saudi Arabia Forklift Market Revenue Share, By Fuel Types, 2019 & 2026F |
3.3. Saudi Arabia Forklift Market Revenue Share, By Applications, 2019 & 2026F |
3.4. Saudi Arabia Forklift Market Revenue Share, By Class Types, 2019 & 2026F |
3.5. Saudi Arabia Forklift Market Revenue Share, By Regions, 2019 & 2026F |
3.6. Saudi Arabia Forklift Market - Industrial Life Cycle, 2019 |
3.7. Saudi Arabia Forklift Market - Porter’s Five Forces, 2019 |
4. Saudi Arabia Forklift Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Saudi Arabia Forklift Market Trends |
6. Saudi Arabia Forklift Market Overview, By Fuel Type |
6.1. Saudi Arabia Diesel Market Revenues, 2016-2026F |
6.2. Saudi Arabia Battery- Electric Market Revenues, 2016-2026F |
6.3. Saudi Arabia Gasoline & LPG/CNG Market Revenues,2016-2026F |
7. Saudi Arabia Forklift Market Overview, By Applications |
7.1. Saudi Arabia Forklift Market Revenues, By Freight & Logistics, 2016-2026F |
7.2. Saudi Arabia Forklift Market Revenues, By Manufacturing, 2016-2026F |
7.3. Saudi Arabia Forklift Market Revenues, By Warehousing, 2016-2026F |
7.4. Saudi Arabia Forklift Market Revenues, By Others, 2016-2026F |
8. Saudi Arabia Forklift Market Overview, By Class Type |
8.1. Saudi Arabia Forklift Market Revenues, By Class 1 |
8.2. Saudi Arabia Forklift Market Revenues, By Class 2 |
8.3. Saudi Arabia Forklift Market Revenues, By Class 3 |
8.4. Saudi Arabia Forklift Market Revenues, By Class 4&5 |
9. Saudi Arabia Forklift Market - Key Performance Indicators |
10. Saudi Arabia Forklift Market Overview, By Regions |
11. Saudi Arabia Forklift Market Opportunity Assessment |
11.1. Saudi Arabia Forklift Market Opportunity Assessment, By Fuel Types, 2026F |
11.2. Saudi Arabia Forklift Market Opportunity Assessment, By Applications, 2026F |
11.3. Saudi Arabia Forklift Market Opportunity Assessment, By Class Types, 2026F |
11.4. Saudi Arabia Forklift Market Opportunity Assessment, By Regions, 2026F |
12. Saudi Arabia Forklift Market Competitive Landscape |
12.1. Saudi Arabia Forklift Market Competitive Benchmarking, By Operating & Technical Parameters |
12.2. Saudi Arabia Forklift Market Revenue Share, By Companies, 2019 |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |