Dec 22, 2022 SOURCE: BusinessWire

UAE Forklift Market Report 2022: Rising Popularity of Electric Forklifts Among Chemical Manufacturers Drives Growth - ResearchAndMarkets.com

The "UAE Forklift Market, By Tonnage Capacity (Less than 5 ton, 5-15 ton, 16-25 ton, Above 25 ton), By Class (Class 1, Class 2, Class 3, Class 4, Class 5, Others), By Type (Three-Wheel, Four-Wheel), By Propulsion, By End Use, By Region, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

The UAE forklift market is expected to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising popularity of e-commerce industry and increased demand for forklifts to carry heavy loads and work in difficult-to-reach spaces. Expanding construction industry owing to growing infrastructural development activities coupled with increased adoption of forklifts for warehouse operations in recent years are contributing to the market growth.

Besides, rising popularity of electric forklifts among chemical manufacturers and recycling center owners is anticipated to support the market growth. Electric forklifts require less maintenance and create low noise, which improve the convenience of employees during fieldwork. OEMs are focusing on developing forklifts that cater to the evolving needs of the warehouse and dockyard owners. High costs associated with the maintenance and newly launched forklift trucks designed for use in low spaces such as cabins, culverts, and basements, and can move freely.

Additionally, strict emission regulations introduced by the government to reduce vehicular pollution and rise in investments by the government to boost the real estate sector are anticipated to fuel the UAE forklift market in the coming years. Growing adoption of automation technologies in the manufacturing process and increase in safety standards related to forklift are likely to positively influence the growth of the UAE forklift market.

The UAE forklift market is segmented into tonnage capacity, class, type, propulsion, end use, regional distribution, and competitive landscape. Based on tonnage capacity, the market is divided into less than 5 ton, 5-15 ton, 16-25 ton, and above 25 ton. The less than 5 ton segment is anticipated to dominate the UAE forklift market as they are environmental friendly and relatively silent during operation. Based on class, the market is divided into class 1, class 2, class 3, class 4, class 5, and others.

Leading players in the UAE forklift market are EP Equipment, VMECH Industrial Equipment L.L.C, Jungheinrich AG, Komatsu Ltd., Kion Group AG, among others.

Key Target Audience:

Forklift manufacturers
Research organizations and consulting companies
Associations, organizations, and alliances related to forklift manufacturing
Government bodies such as regulating authorities and policy makers
Industry associations
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, UAE forklift market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

UAE Forklift Market, By Tonnage Capacity: