|India Forklift Market Outlook, 2022|
Bonafide Research |
SKU : 170860031
Pages : 81 | Aug, 17 | Region : Asia
Figures : 15 | Tables : 22
Category: Manufacturing & Industry
India forklift market is showing optimistic growth from the last few years in terms of value as well as volume. Top international players have started setting their base in India and this is resulting into availability of new technologically advanced products and product designs. Forklifts are now designed to be more reliable, efficient and service friendly. In India, forklifts have found wide acceptance in industries, ports and warehousing sector. Infrastructure growth, Make in India campaign and GST implementation has pulled the demand in the industry. New emerging product types of battery operated electric forklifts are gaining momentum in the country. Electric forklifts are now available with many special attachments for specific applications with lower cost of ownership. Customers have started preferring electric forklifts over diesel variants.
According to "India Forklift Market Outlook, 2022", forklift market is growing with a CAGR of more than 13% from the last four years. In India, majority of forklifts are counterbalance and the rest are used as warehousing equipment forklifts. Major players operating in the industry are Godrej & Boyce, KION India (Voltas), Toyota Material Handling India, Nilkamal, Jost Engineering and Action Construction Equipment. In March 2016, Hyundai launched its forklift business in India with a complete range of forklifts and warehousing equipments. The entire range of forklift can be segregated into three categories according to their load capacity: Light duty (1 to 3 tonne), Medium duty (4 to 8 tonne), and heavy duty (10 tonne and above capacity). Light duty forklifts have been dominating in India; however a trend of medium duty forklifts will be seen in the coming few years. Demand for pollution free greener forklifts have also been increasing in the country with companies & industries becoming conscious about environmental impacts of diesel forklifts.
Industries like automobile, logistics, chemicals, pharma etc are growing enormously in the Indian economy and thus they are contributing majorly to the demand of forklifts. The market will gradually move towards electric version and eventually the diesel forklifts will remain in the outdoor applications only. Light generation trucks are high safety products with higher reliability and greater fuel efficiency. In warehouse trucks, manual movement of material is now replaced by battery operated Pallet truck. The trend is moving from reach truck to VNA and ASRS which are semi-automatic and automatic systems respectively. E-commerce has been a big boom for forklift market in India as a lot of warehousing operations got a boost because of that. Many 3PL companies, which have entered India, are doing their job very efficiently. Demand for forklifts from rental market has also been seen growing and the growth has been more aggressive from the last few years. Rental segment is dominant by unorganised players, but now the scenario is changing due to OEM providing complete solutions to the industry including rental services.
Key Product Types
• Diesel Forklift
• Electric/ Battery Operated Forklift
• LPG Forklift
“India Forklift Market Outlook, 2022” discusses the following aspects of forklift in India:
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of forklift market in India:
- Global Forklift Market Outlook
- India Material Handling Equipment Market Outlook
- India Material Handling Equipment Market Size By Value & Forecast
- India Material Handling Equipment Market Segmental Analysis: By Product, By End User, By Production
- India Forklift Market Outlook
- India Forklift Market Size By Value & Forecast
- India Forklift Market Size By Volume & Forecast
- India Forklift Market Segmental Analysis: By Company, By Product Type, By End User, By Load Capacity
- India Rental Forklift Market Overview
- Product Price & Variant Analysis
- The key vendors in this market space
- Competitive Landscape & Strategic Recommendations
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of forklifts in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
LIST OF FIGURES
Figure-1: India Material Handling Equipment Market Size – By Value 2011-12 to 2015-16 (INR Crore)
Figure-2: India Material Handling Equipment Market Size Forecast – By Value 2016-17F to 2021-22F (INR Crore)
Figure-3: India Material Handling Equipment Market Share – By Product Type 2015-16
Figure-4: India Material Handling Equipment Market Share – By End User 2015-16
Figure-5: India Material Handling Equipment Market Share – By Production 2015-16
Figure-6: India Forklift Market Size – By Value 2011-12 to 2015-16 INR Crore)
Figure-7: India Forklift Market Size Forecast – By Value 2016-17F to 2021-22F (INR Crore)
Figure-8: India Forklift Market Size – By Volume 2011-12 to 2015-16 (Units)
Figure-9: India Forklift Market Size Forecast – By Volume 2016-17F to 2021-22F (Units)
Figure-10: Average Selling Price of Forklifts in India 2011-12 to 2021-22F (INR)
Figure-11: India Forklift Market Share – By Company By Value 2015-16
Figure-12: India Forklift Market Share – By Product Type By Value 2015-16 & 2021-22F
Figure-13: India Forklift Market Share – By End User By Volume 2015-16
Figure-14: India Forklift Market Share – By Product Type By Volume 2015-16 & 2021-22F
Figure-15: India Forklift Market Share – By Load Capacity By Volume 2015-16 & 2021-22F
LIST OF TABLES
Table-1: Product Price & Variant Analysis of Forklift Companies in India 2016
Table-2: India Economic Profile – 2015
Table-3: HS Code Structure for Various Types of Forklift in India 2016
Table-4: Import Duty Structure for Forklifts in India 2016
Table-5: Import of Battery Operated Forklifts in India - Value & Volume 2011-12 to 2016-17
Table-6: Import of Other Battery Operated Forklifts in India - Value & Volume 2011-12 to 2016-17
Table-7: Import of Other Forklifts in India - Value & Volume 2011-12 to 2016-17
Table-8: Import of Forklifts in India - By Country By Volume Share 2016-17
Table-9: Export of Battery Operated Forklifts from India - Value & Volume 2011-12 to 2016-17
Table-10: Export of Other Battery Operated Forklifts from India - Value & Volume 2011-12 to 2016-17
Table-11: Export of Other Forklifts from India - Value & Volume 2011-12 to 2016-17
Table-12: Export of Forklifts from India - By Country By Volume Share 2016-17
Table-13: Key Facts of Godrej & Boyce Manufacturing Company Limited
Table-14: Key Facts of Toyota Material Handling India Private limited
Table-15: Key Facts of Action Construction Equipment Limited
Table-16: Key Facts of MHE Next Engineering Private Limited
Table-17: Key Facts of Josts Engineering Company Limited
Table-18: Key Facts of KION India Private Limited (Voltas)
Table-19: Key Facts of Mecneill Engineering Limited
Table-20: Key Facts of Nilkamal Limited
Table-21: Key Facts of Maini Materials Movement Private Limited
Table-22: Key Facts of Hyundai Construction Equipment India Private Limited
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