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

Middle East Forklift Market is expected to register rapid growth over the coming year. rise in the number of construction activities coupled with increasing infrastructure investments will drive forklift trucks market growth. Several government authorities are focusing on developing infrastructure and are undertaking new construction projects for overall economic development. Several market players are introducing advanced forklifts to enable operators to work efficiently and rapidly. In November 2019, Linde Material Handling, a KION Group AG company, developed IC counterbalance trucks in conjunction with Industry 4.0. to increase safety and productivity in logistics applications to cater to the rising market demand.

According to 6Wresearch, Middle East Forklifts Market size is anticipated to register growth during 2020-2026F. Due to the outbreak of pandemic coronavirus, the government of many countries imposed nation-wide lockdown to stop the spread of the virus resulting in shut down of operations in several sectors. This would restrain the forklift market growth and would severely impact the economic growth of the countries across the Middle East region for the year 2020. However, the market is expected to recover post-2020. The construction sector in Saudi Arabia is the largest in the entire Middle East region, which contributes to 8% of the country’s total GDP. More than 80 infrastructural megaprojects are in the pipeline in the country, each worth $1 million. The growing construction sector increases the demand for forklift trucks, as they aid in material handling processes.

By Fuel Type, increasing the adoption of lithium-ion batteries in these trucks is helping industries reduce downtime and improve productivity over long-distance barriers. With the expansion of warehouse spaces, usage of electric forklifts that can transfer heavy goods and reduced mishandling, the market is expected to increase in the coming years. These vehicles are being majorly used in warehouses to speed up processes, such as order picking, transporting, and loading products, driving the market growth.

The Middle East Forklifts market report thoroughly covers the market by fuel type, applications, by class type and regions. The Middle East Forklifts market outlook report provides an unbiased and detailed analysis of the on-going Middle East 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.

 Key Highlights of the Report:

• Middle East Forklifts Market Overview
• Middle East Forklifts Market Outlook
• Middle East Forklifts Market Forecast
• Historical Data of Middle East Forklifts Market Revenues and for the Period 2016-2019
• Middle East Forklifts Market Size and Middle East Forklifts Market Forecast of Revenues, Until 2026
• Historical Data of Middle East Forklifts Market Revenues, By Product Type, for the Period 2016-2019
• Market Size & Forecast of Middle East Forklifts Market Revenues, By Product Type, Until 2026
• Historical Data of Middle East Forklifts Market Revenues, By Movement Mechanism, for the Period 2016-2019
• Market Size & Forecast of Middle East Forklifts Market Revenues, By Movement Mechanism, Until 2026
• Historical Data of Middle East Forklifts Market Revenues, By Applications, for the Period 2016-2019
• Market Size & Forecast of Middle East Forklifts Market Revenues, By Applications, Until 2026
• Historical Data of Middle East Forklifts Market Revenues, By Region, for the Period 2016-2019
• Market Size & Forecast of Middle East Forklifts Market Revenues, By Region, Until 2026
• Market Drivers and Restraints
• Middle East Forklifts Market Trends
• Middle East Forklifts Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East Forklifts Market Share, By Players
• Middle East Forklifts Market Share, By Regions
• Middle East Forklifts Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Middle East Forklifts Market report provides a detailed analysis of the following market segments:

• 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
    
    
• By Key Countries:
  • Saudi Arabia
  • Oman
  • Qatar
  • Kuwait
  • UAE
  • Bahrain
  • Turkey
  • Rest of Middle East

Other Related Reports Include:

• Saudi Arabia Forklift Market Report
• UAE Forklift Market Report
• Qatar Forklift Market Report
• Kuwait Forklift Market Report
• Oman Forklift Market Report
• Turkey Forklift Market Report
• Bahrain Forklift Market Report 

 

Frequently Asked Questions About the Market Study (FAQs):