Comprehensive historical analysis of the market for European electric Forklift has been thoroughly analyzed in this report. It offers data and insights from 2019-2022 and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Europe Electric Forklift market.
The European electric Forklift Market is expected to reach USD 48.59 billion by 2032, at a CAGR of 12.26% from 2022 to 2032.
The report includes growth prospects in the European electric Forklift market by type, application, sub-segment, and region. QMI has compiled a comprehensive, detailed research report to offer insights. The report details consumption in the Machinery and equipment and other sectors. Regional coverage spans North America, Europe, and the rest of the world, including Asia Pacific.
Electric forklifts operate on battery-operated either lead acid batteries or fuel cells. Forklift trucks are among some of the most versatile and valuable instruments in any industry. They seamlessly, easily, and safely reduce task time and eliminate repetitive operations. Forklifts of the present day enable access to the most elevated shelf in a storage facility without harming equipment or workers. They are capable of lifting the largest objects and placing them precisely and easily. Forklift outputs vary from slightly more than a ton to more than 12 tons, allowing consumers to choose the best forklift for the circumstances and workloads.
Forklift truck electric motors can operate direct or alternating current, and they can run on batteries or fuel cells. To work at peak efficiency, they must be recharged for eight hours. Though electric forklifts are more expensive at first, they require relatively little upkeep and might operate for a time exceeding five years. They are more maneuverable than gas-powered forklifts and feature a quiet start-up. The growing demand for electric forklifts for transporting material operations in the chemical, food & beverage, and logistics industries is likely to drive demand. Furthermore, technical advances have resulted in the production of more complex electric forklifts with attributes such as increased battery capacity, higher performance, and improved operator safety.
Leading players of Europe Electric Forklift include:
- Hyster-Yale Materials Handling, Inc.
- Crown Equipment Corporation
- Mitsubishi Logisnext Co., Ltd.
- Hangcha Group Co., Ltd.
- Anhui Heli Co., Ltd.
- Jungheinrich AG
- KION Group AG
- Komatsu Ltd.
- Clark
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Market split by Segement can be divided into:
By Type
- Counterbalanced Forklift
- Pallet Trucks Forklift
- Reach Trucks Forklift
- Pallet Stackers Forklift
- Others
By Battery Type
- Lithium-ion
- Lead-acid
- Hydrogen Fuel Cells
- Others
By End-Use Application
- Chemical
- Food & Beverage
- Industrial
- Logistics
- Retail & E-commerce
- Others
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In March 2023, Li-Cycle announced a new agreement with KION in France to provide recycling of lithium-ion batteries to the forklift and industrial vehicle industries. Li-Cycle will recycle lithium-ion batteries from KION's brands, according to the two firms. Li-Cycle anticipates supporting both KION's recycling needs and KION's capacity to comply with EU battery standards.
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What's covered in the report?
- 1. Overview of the Europe Electric Forklift market.
- 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa) market size data for the Europe Electric Forklift market, based on segement.
- 3. Europe Electric Forklift Market Trends.
- 4. Europe Electric Forklift Market drivers.
- 5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging European electric Forklift market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Europe Electric Forklift Industry.
3. Leading company profiles reveal details of key Europe Electric Forklift market players' emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the European electric electric Forklift market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe, and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the European electric Forklift market over the upcoming seven years
7. Accurate estimation of the Europe Electric Forklift market size
8. Exact estimations of the upcoming trends and changes observed in consumer behavior
9. Growth of the Europe Electric Forklift market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Europe's Electric Forklift market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis various vendors
12. Furnishing detailed information on the factors that will restrain the growth of the European electric Forklift market
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