Middle East Industrial Vehicles Market (2020-2026) | COVID-19 IMPACT, Value, Trends, Forecast, Revenue, Share, Companies, Outlook, Growth, Analysis, Size & Industry

Middle East Industrial Vehicles Market is expected to witness growth over the coming years. The Industrial vehicle market has been experiencing a solid growth rate over recent times in Middle East region and is expected to achieve a lot in the forecasted period. Middle East region is taking an effort to reduce its dependence on the petroleum sector. Further, ongoing initiatives to diversify the economic footprint are taken by Middle East regions that live well with a largely petroleum-dependent industry. Furthermore, such initiatives also have favourable implications for the industrial vehicles market, as new economic sectors require different logistical services. Growing the number of vast warehouses set up by e-commerce firms fuels the demand for industrial vehicles largely. However, the Covid-19 pandemic has affected the industrial vehicles market due to the shutting of businesses, flights, production.

According to 6Wresearch, the Middle East Industrial Vehicles Market size is anticipated to register growth during 2020-26. The manufacturing and e-commerce market boom have largely accounted for the growth of the industrial vehicles market in Middle East region. Saudi Arabia, UAE, Egypt and other key countries are major contributors in Middle East to the industrial vehicles market. Further, Saudi Arabia, UAE and Egypt have an e-commerce warehouse that requires industrial vehicles to stack vast quantities of items and deliver the packed goods from the warehouse to the end-user cost-effectively and reliably. The growing construction sector in UAE has increased the demand for industrial vehicles, as they aid in material handling processes Furthermore, developing countries of this region are shifting towards using battery-operated industrial vehicles for controlling the carbon-dioxide emissions. Additional, government initiatives towards digitalization and industrialization have helped in the growth of the industrial vehicles market.

Based on product type, the market in Middle East is bifurcated into aisle trucks, forklifts, container handlers, and tow tractors. The container handlers segment is dominating the market due to large material handling, high reliability. Based on the drive type, the ICE segment holds the largest share in the global industrial vehicles market due to better acceleration, lift speeds and lower maintenance costs.

Middle East Industrial Vehicles Market report thoroughly covers the market by product type, drive type, application and countries including Saudi Arabia, UAE, Qatar, Bahrain and the rest of Middle East. Middle East industrial vehicles market outlook report provides an unbiased and detailed analysis of the on-going 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.

Key Highlights

• Middle East Industrial Vehicles Market Outlook
• Middle East Industrial Vehicles Market Overview
• Middle East Industrial Vehicles Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Middle East Industrial Vehicles Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Drive Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Bahrain Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Saudi Arabia Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Qatar and Middle East Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for UAE Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Middle East Industrial Vehicles Market
• Market Drivers and Restraints
• Middle East Industrial Vehicles Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East Industrial Vehicles Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Drive Type:
• Internal Combustion Engine
• Battery-operated
• Gas-powered
• By Application:
• Industrial
• Cargo
• By Product Type:
• Forklift
• Tow Truck
• Aisle Truck
• Container Handler
• By Countries:
• Qatar
• Bahrain
• UAE
• Saudi Arabia
• Rest of Middle East

Frequently Asked Questions About the Market Study (FAQs):