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Saudi Arabia Forklift Truck Market 2022-2028

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    Report

  • 98 Pages
  • January 2023
  • Region: Saudi Arabia
  • Triton Market Research
  • ID: 5710141

Growing construction activities elevates forklift truck adoption in Saudi Arabia

MARKET OUTLOOK

The publisher's report on the Saudi Arabia forklift truck market estimates that the market will advance at a CAGR of 4.62% in revenue and 4.48% in volume during the forecast period 2022-2028.

The construction industry is witnessing significant growth owing to the rise in development projects across the nation. The government, in this regard, is focusing on constructing around 1600 new schools, which will fuel the adoption of forklift trucks. Besides, the food and beverage and retail sectors are expanding at a rapid pace. This expansion is expected to support the adoption of material handling equipment to ensure proper storage and transport of products across and outside warehouses.

Further, the e-commerce sector's growth has increased the need for warehousing space to store products that are distributed via pallet loads and cases. Several distribution strategies and technologies are adopted to ensure the easy distribution of products without damaging the products. Therefore, growing e-commerce sectors create novel opportunities for the forklift truck market across Saudi Arabia.

COMPETITIVE OUTLOOK

The key companies in the Saudi Arabia forklift truck market include Hyundai Heavy Industries Co Ltd, Mitsubishi Logisnext Co Ltd, Toyota Industries Corporation, Kion Group AG, Doosan Group, Lonking Holdings Limited, and Caterpillar Inc.

Table of Contents

1. Saudi Arabia Forklift Trucks Market - Summary
1.1. Market Overview
1.2. Market Size & Forecasts
1.3. Market Driving Aspects
1.4. Market Restraining Aspects
2. Saudi Arabia Forklift Trucks Industry Outlook
2.1. Impact of Covid-19 on the Saudi Arabia Forklift Trucks Market
2.2. Porter’S Five Forces Analysis
2.3. Market Concentration
2.4. Cost Structure Benchmarking
2.5. Drivers for Chinese Brands
2.6. Value Chain Analysis
2.7. Regulatory Framework
2.8. Key Market Strategies
2.9. Key Buying Criteria
2.10. Market Opportunities
3. Saudi Arabia Forklift Trucks Market - by Type (In $ Million)
3.1. Class 1
3.2. Class 2
3.3. Class 3
3.4. Class 4 & 5
4. Saudi Arabia Forklift Trucks Market - by Power Source (In $ Million)
4.1. Ic Engine-Powered
4.2. Electric-Powered
5. Saudi Arabia Forklift Trucks Market - by End-User (In $ Million)
5.1. Retail & E-Commerce
5.2. Construction
5.3. Manufacturing
5.4. Other End-Users
6. Competitive Landscape
6.1. Hyster-Yale Materials Handling Inc
6.1.1. Overview
6.1.2. Product Portfolio
6.1.3. Key Strengths
6.1.4. Key Challenges
6.2. Hyundai Heavy Industries Co Ltd
6.2.1. Overview
6.2.2. Product Portfolio
6.2.3. Key Strengths
6.2.4. Key Challenges
6.3. Jungheinrich AG
6.3.1. Overview
6.3.2. Product Portfolio
6.3.3. Key Strengths
6.3.4. Key Challenges
6.4. Lonking Holdings Limited
6.4.1. Overview
6.4.2. Product Portfolio
6.4.3. Key Strengths
6.4.4. Key Challenges
6.5. Mitsubishi Logisnext Co Ltd
6.5.1. Overview
6.5.2. Product Portfolio
6.5.3. Key Strengths
6.5.4. Key Challenges
6.6. Toyota Industries Corporation
6.6.1. Overview
6.6.2. Product Portfolio
6.6.3. Key Strengths
6.6.4. Key Challenges
6.7. Kion Group AG
6.7.1. Overview
6.7.2. Product Portfolio
6.7.3. Key Strengths
6.7.4. Key Challenges
6.8. Doosan Group
6.8.1. Overview
6.8.2. Product Portfolio
6.8.3. Key Strengths
6.8.4. Key Challenges
6.9. Caterpillar Inc
6.9.1. Overview
6.9.2. Product Portfolio
6.9.3. Key Strengths
6.9.4. Key Challenges
List of Tables:
Table 1: Saudi Arabia Forklift Trucks Market 2022-2028 (In $ Million)
Table 2: Saudi Arabia Forklift Trucks Market 2022-2028 (In Units)
Table 3: Saudi Arabia Forklift Trucks Market, by Type, 2022-2028 (In $ Million)
Table 4: Saudi Arabia Forklift Trucks Market, by Power Source, 2022-2028 (In $ Million)
Table 5: Saudi Arabia Forklift Trucks Market, by End-User, 2022-2028 (In $ Million)
List of Figures:
Figure 1: Saudi Arabia Forklift Trucks Market, by Type, 2021 & 2028 (In %)
Figure 2: Saudi Arabia Forklift Trucks Market, by Class 1, 2022-2028 (In $ Million)
Figure 3: Saudi Arabia Forklift Trucks Market, by Class 2, 2022-2028 (In $ Million)
Figure 4: Saudi Arabia Forklift Trucks Market, by Class 3, 2022-2028 (In $ Million)
Figure 5: Saudi Arabia Forklift Trucks Market, by Class 4 & 5, 2022-2028 (In $ Million)
Figure 6: Saudi Arabia Forklift Trucks Market, by Power Source, 2021 & 2028 (In %)
Figure 7: Saudi Arabia Forklift Trucks Market, by Ic Engine-Powered, 2022-2028 (In $ Million)
Figure 8: Saudi Arabia Forklift Trucks Market, by Electric-Powered, 2022-2028 (In $ Million)
Figure 9: Saudi Arabia Forklift Trucks Market, by End-User, 2021 & 2028 (In %)
Figure 10: Saudi Arabia Forklift Trucks Market, by Retail & E-Commerce, 2022-2028 (In $ Million)
Figure 11: Saudi Arabia Forklift Trucks Market, by Construction, 2022-2028 (In $ Million)
Figure 12: Saudi Arabia Forklift Trucks Market, by Manufacturing, 2022-2028 (In $ Million)
Figure 13: Saudi Arabia Forklift Trucks Market, by Other End-Users, 2022-2028 (In $ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hyster-Yale Materials Handling Inc
  • Hyundai Heavy Industries Co Ltd
  • Jungheinrich AG
  • Lonking Holdings Limited
  • Mitsubishi Logisnext Co Ltd
  • Toyota Industries Corporation
  • Kion Group AG
  • Doosan Group
  • Caterpillar Inc

Methodology

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