10 %
India Forklift Market Outlook, 2022
Publisher : Bonafide Research | SKU : 170860031 | Pages : 81 |
Published Date : Aug, 17 | Figures : 15 | Tables : 22
Region : Asia | Country : India | Category: Manufacturing & Industry
Demand for electric forklifts and rental services is expected to get more aggressive in future: Bonafide Research
India Forklift Market Outlook, 2022
10 %
Bonafide Research | SKU : 170860031
Pages : 81 | Aug, 17 | Region : Asia
Figures : 15 | Tables : 22
Category: Manufacturing & Industry
Demand for electric forklifts and rental services is expected to get more aggressive in future: Bonafide Research

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.

Report Methodology

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.

  • TABLE OF CONTENTS
  • 1. Executive Summary
  • 2. Global Forklift Market Outlook
  • 3. India Material Handling Equipment Market Outlook
  • 3.1. Market Size By Value
  • 3.2. Market Share
  • 3.2.1. By Product Type
  • 3.2.2. By End User
  • 3.2.3. By Production
  • 4. India Forklift Market Outlook
  • 4.1. Market Size
  • 4.1.1. By Value
  • 4.1.2. By Volume
  • 4.1.3. Average Selling Price
  • 4.2. Market Share By Value
  • 4.2.1. By Company
  • 4.2.2. By Product Type
  • 4.3. Market Share By Volume
  • 4.3.1. By End User
  • 4.3.2. By Product Type
  • 4.3.3. By Load Capacity
  • 4.4. Product Price & Variant Analysis
  • 4.5. India Rental Forklift Market Overview
  • 5. India Economic Snapshot
  • 6. Market Penetration
  • 7. PEST Analysis
  • 8. Policy and Regulatory Landscape
  • 9. Trade Dynamics
  • 9.1. Import
  • 9.2. Export
  • 10. Channel Partner Analysis
  • 11. India Forklift Market Dynamics
  • 11.1. Key Drivers
  • 11.2. Key Challenges
  • 12. Market Trends & Development
  • 12.1. Positive Impact of GST on Construction and Material Handling Equipment
  • 12.2. Manufacturing & Warehouse Industry Trends
  • 12.3. Forklift Market Moving Towards Cleaner Products
  • 12.4. Small Scale Projects Opting for Rental Forklifts
  • 12.5. Palletisation & Containerization
  • 13. Competitive Landscape
  • 13.1. Porter's Five Forces
  • 13.2. Company Profiles
  • 13.2.1. Godrej & Boyce Manufacturing Company Limited
  • 13.2.2. Toyota Material Handling India Private limited
  • 13.2.3. Action Construction Equipment Limited
  • 13.2.4. MHE Next Engineering Private Limited
  • 13.2.5. Josts Engineering Company Limited
  • 13.2.6. KION India Private Limited (Voltas)
  • 13.2.7. Macneill Engineering Limited
  • 13.2.8. Nilkamal Limited
  • 13.2.9. Maini Materials Movement Private Limited
  • 13.2.10. Hyundai Construction Equipment India Private Limited
  • 14. Strategic Recommendations
  • 15. Disclaimer

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

Single User LicenseHard CopySite LicenseGlobal License
Users/ Sharing Restricted to 10 Authorized Users Unlimited within the Geography Unlimited within the Geography Unlimited within any geography
Delivery Formats
Content Citation
Printing/Copy Unlimited within Company / Enterprise Unlimited within Company / Enterprise
10% Pre-sale customization
16 Hours post sales support
Free report on update within 100 days from purchase date

Bonafide Research & Marketing shall grant the user a worldwide, non-exclusive, non-transferable license. User can opt for -

Single User License (Electronic):Access to the content will be granted to 10 authorized users within the organization. The Authorized User may store, display or archive the information but is not allowed to print, copy or use any information in the report for circulation or citation purpose. The individual user will treat the information in the report as confidential and will only use this for internal purpose. The report will be emailed to you in PDF format.

Enterprise wide (Hard Copy):Access to the content will be granted to all authorized users within the organization. The individual user will treat the information in the report as confidential and will only use this for internal purpose. Please add $250 when purchasing the Report in order to get the printed version.

Site License (Electronic):Access to the content will be granted to all the authorised within the organization. The users are authorized to store, display, duplicate, archive the information within the organization either electronically or printable files. The users are not authorized to use any information in the report for citation and circulation externally. The users will treat the information in the report as confidential and will only use this for internal purpose.

Enterprise Wide License (Electronic):The report will be emailed to you in PDF format and hard copy format. This is an enterprise license, allowing all employees within your organization access to the product. The company can use the data / information externally but they need to mention source as Bonafide Research

Whether a single user or a multi user, you are not permitted to -

  • Transmit by any means, or permit any third party to use and/or gain access to an electronic copy of the Product;
  • Resell, sub-license, rent, lease, transfer or attempt to assign the rights in the Product (in whole or in part) to any third party;
  • Modify or alter the Product or create a database in electronic or structured manual form by systematically downloading and storing any of the content from such Product other than for internal business purposes;
  • Download, store, reproduce, transmit, display, copy, distribute, commercially exploit or use the Product other than as expressly permitted above; and use the Product in any manner that would contravene the T&Cs contained in these License Terms or that would contravene law in any other jurisdiction.

Bonafide Research team welcomes custom research queries pertaining to strategic planning and commits delivery within the stipulated time period. We use only the researchers with extensive industry experience. The customized products primarily include off-shelf market research reports with extensive analytics and secondary research. It may often require detailed methodologies pertaining to multifarious, large-scale end-user surveys with appropriate written analysis and modeling.

Our clients use Custom Market Research for either of the following options viz. to introduce a new product, enter a new market, compare newly-developed technology for the existing marketplace, measure the current competition or make any other key decisions affecting the ability to compete and thus overcome their current boundaries. If you don

Related Products

India Forklift Market Overview, 2016-2022 Material Handling Equipment
Read More

India Sanitaryware Market Outlook, 2021
Read More

India Sanitaryware Market Overview
Read More

India Fire Safety Equipment Market Outlook, 2021
Read More

India Sanitaryware Market Outlook, 2022
Read More

India Sanitaryware Market Overview, 2017-2022
Read More

Compare 0
Subscribe