Please Wait.....
Report
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 (ICE, Electric), By End Use (Port Facility, Logistics, Construction, Municipality, Others), By Region, Competition Forecast & Opportunities, 2028
Market Report I 2023-02-01 I 78 Pages I TechSci Research
The UAE forklift market is anticipated to grow at a steady CAGR in the forecast period, 2024-2028. Factors such as the growing popularity of the e-commerce industry and the ongoing advancements in technology are driving the demand for the UAE forklift market. Also, the flourishing construction industry of the country and the adoption of automation technologies in the manufacturing process are expected to create huge demand for forklifts in the coming years.
Flourishing E-Commerce Industry Drives the Market Growth
UAE is the leading e-commerce industry in the Gulf Cooperation Council (GCC) states. The Dubai Chamber of Commerce and Industry has forecasted the e-commerce industry to generate $8 billion in sales by 2025. The high internet penetration and proliferation of smart devices are accelerating the popularity of the e-commerce industry across the country. Market players provide additional facilities to consumers, including doorstep delivery, exchange option, and payment mode flexibility, among others, attracting consumers to buy through the online sales channel. The increased online shopping demand is boosting the warehouse and logistics industry. The market players operating in the e-commerce industry are working on lowering the delivery time, which is expected to accelerate the demand for forklifts among consumers. The growing demand for shopping through online channels by consumers and the adoption of advanced technologies and equipment by the market players to improve services are expected to propel the UAE forklift market growth over the next five years.
Technological Advancements Support the High Market Demand
The construction and automotive industry are evolving at a rapid pace and are adopting novel technologies and modern handling equipment, which is expected to boost the market demand. The logistics industry is driving the demand for advanced forklifts for efficient inventory movement. Narrow-aisle forklifts, pallet stackers, and counterbalance forklifts are some of the advanced versions of forklifts that are witnessing massive demand among the end-use industries. Forklift manufacturers are continuously investing in research and development activities to improve the performance and efficiency of forklifts. Advancements in technology and the launch of advanced forklifts in the market are expected to attract prominent industry verticals to invest in the purchase of forklifts.
Growing Construction Industry Fuels the Market Demand
UAE is set to invest $3.2bn in development projects by 2023. The government is working on developing transportation and road infrastructure and is allocating substantial funds to support the infrastructure activities. UAE has lined up several transportation and road infrastructure projects, including the $5.9 billion proposed hyperloop project between Dubai and Abu Dhabi, the $11 billion Etihad Rail, the $2.7 billion Sheikh Zayed double-deck road project, and many more. Also, over 11,000 new houses are being constructed by the government of the UAE, which is to be handed over as soon as the completion of the project. The forklift plays a major role in completing the with accuracy and efficiency. They act as weight-carrier to carry large equipment and products during the construction job, which ensures the safety of the workers. A large number of ongoing construction activities is expected to create lucrative growth opportunities for the UAE forklift market for the next five years.
Market Segmentation
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 tons, 5-15 tons, 16-25 tons, and above 25 tons. Based on class, the market is divided into class 1, class 2, class 3, class 4, class 5, and others. Based on type, the market is divided into three-wheel and four-wheel. Based on propulsion, the market is bifurcated into ICE and electric. Based on the end user, the market is divided into a port facility, logistics, construction, municipality, and others. To analyze the market based on the region, the UAE forklift market is studied in major regions namely Dubai, Abu Dhabi, Sharjah, and Rest of the UAE.
Market Players
EP Equipment, VMECH Industrial Equipment L.L.C, Jungheinrich AG, Komatsu Ltd., and Kion Group AG, are the major market players operating in the UAE forklift market.
Report Scope:
In this report, UAE forklift market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- UAE Forklift Market, By Tonnage Capacity:
o Less than 5 ton
o 5-15 ton
o 16-25 ton
o Above 25
- UAE Forklift Market, By Class:
o Class 1
o Class 2
o Class 3
o Class 4
o Class 5
o Others
- UAE Forklift Market, By Type:
o Three-Wheel
o Four-Wheel
- UAE Forklift Market, By Propulsion:
o ICE
o Electric
- UAE Forklift Market, By End Use:
o Port Facility
o Logistics
o Construction
o Municipality
o Others
- UAE Forklift Market, By Region:
o Dubai
o Abu Dhabi
o Sharjah
o Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE forklift market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on UAE Forklift Market
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Aided Brand Recall and Unaided Brand Recall
5.3. Brand Satisfaction Level
6. UAE Forklift Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value and Volume
6.2. Market Share & Forecast
6.2.1. By Tonnage Capacity (Less than 5 ton, 5-15 ton, 16-25 ton, Above 25 ton)
6.2.2. By Class (Class 1, Class 2, Class 3, Class 4, Class 5, Others)
6.2.3. By Type (Three-Wheel, Four-Wheel)
6.2.4. By Propulsion (ICE, Electric)
6.2.5. By End Use (Port Facility, Logistics, Construction, Municipality, Others)
6.2.6. By Region
6.2.7. By Company (2022)
6.3. Product Market Map (By Tonnage Capacity, By Region)
7. UAE ICE Forklift Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value and Volume
7.2. Market Share & Forecast
7.2.1. By Tonnage Capacity
7.2.2. By Class
7.2.3. By Type
7.2.4. By End Use
8. UAE Electric Forklift Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value and Volume
8.2. Market Share & Forecast
8.2.1. By Tonnage Capacity
8.2.2. By Class
8.2.3. By Type
8.2.4. By End Use
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends and Developments
11. Policy and Regulatory Landscape
12. UAE Economic Profile
13. Competitive Landscape
13.1. Company Profiles (Partial List of Leading Companies)
13.1.1. EP Equipment
13.1.2. VMECH Industrial Equipment L.L.C
13.1.3. Jungheinrich AG
13.1.4. Komatsu Ltd.
13.1.5. Kion Group AG
14. Strategic Recommendations
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security