Middle East and Africa Forklift truck market is projected to register a CAGR of 4.1% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.

Market Segmentation:

Middle East and Africa Forklift Truck Market By Product Type (Counterbalance and warehouse), Power Source (Internal Combustion Forklift Truck, Electric Forklift Truck), Class {Class V (IC Engine Forklift Trucks, Pneumatic Tire), Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires, Class I (Electric Motor Rider Forklift Trucks), Class III (Electric Hand Forklift Trucks), Class II (Electric Motor Narrow Aisle Forklift Truck), Class VI (Electric and IC Engine Tractors) and Class VII (Rough Terrain Forklift Truck)}, Fuel Type (Electric, LPG/CNG, Diesel, Gasoline), Tonnage (Below 5 Ton, 5 to 10 Ton, 11 to 36 Ton, 36 Ton, Above), End-User (Construction, Freight & Logistic, Food Industry, Retail, Chemical, Paper & Wood, Others), Country (Saudi Arabia, South Africa, Egypt, Israel, U.A.E and Rest of Middle East and Africa) Industry Trends and Forecast to 2027


Some of the major factors contributing to the growth of the Middle East and Africa forklift truck market are:

- The growing population has increases the demand for the construction of buildings

- Rising demand of electric forklift for indoor application


Market Players

Some of the major players operating in the Middle East and Africa forklift truck market are:

- Jungheinrich AG
- Hyster-Yale Group, Inc
- KION GROUP AG
- Crown Equipment Corporation
- Toyota Industries Corporation
- Godrej Material Handling
- Hangcha
- Hubtex Maschinenbau GmbH & Co. KG
- Hyster-Yale Group, Inc. (a Subsidiary of Hyster-Yale Materials Handling, Inc.)
- Komatsu Ltd
- Konecranes
- Boyce Manufacturing, AnhuiHeli Co., Ltd
- Lonking Machinery Co., Ltd
- Manitou Group