Turkey 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, 2027

Turkey forklift market is anticipated to witness significant CAGR in the forecast period, 2023-2027. Factors such as the growing popularity of the e-commerce industry and the booming construction industry, and ongoing infrastructure developments by the leading authorities to improve the living standards of citizens are primarily driving the demand for the Turkey forklift market. Also, the development of autonomous forklifts and the production of hydrogen fuel cell forklifts are expected to create numerous growth opportunities for the market players over the next five years.

Flourishing E-commerce Industry Drives the Market Growth

The E-commerce industry witnessed an upward trend after the COVID-19 restrictions were imposed all over the country as the leading authorities discouraged the public gathering. Around the majority of the customers and sellers who supported the growth of the e-commerce industry during a pandemic period tended to continue online trading even after the restrictions were lifted. Turkey is the 18th largest market in the e-commerce industry, with a revenue of US$16.3 billion in 2022. Virtual marketplaces are gaining popularity among consumers, and Turkish e-commerce websites like Trendyol, Hepsiburada, and Getir have expanded rapidly in the previous years. According to a study by International Trade Administration, Istanbul ranked among the top 20 of the world’s 100 best emerging ecosystems for start-ups in the gaming and e-commerce industry. The high-speed internet penetration and proliferation of smart devices is further expected to influence the proliferation of the e-commerce industry in the country. The rise in

demand for consumer products and the growing popularity of the e-commerce industry is increasing the requirements of warehouse spacing for storage of products that are further distributed to retail stores in bulk. The e-commerce industry market players are willing to make investments to upgrade warehouse technologies and form distribution strategies to deliver products without any damage. Forklifts are used in warehouses to place or arrange materials meanwhile reducing time and space to complete the operations. The ongoing developments and the massive growth of the e-commerce industry are expected to accelerate the Turkey forklift market growth over the next five years.

Growing Investments to Develop Infrastructure Industry Supports the High Market Demand

The growing economy offers lucrative investment opportunities in the infrastructure sector in a wide variety of sectors, including healthcare, transportation, and the energy industry. Between the years 1986 and 2021, contracts worth USD 159 billion were signed for 253 Public-Private Sector Partnership (PPP) projects. Turkey’s 84 million strong population is growing by an additional 1 million every year, coupled with a rapid urbanization process resulting in 24 urban centers. Turkey leads the middle corridor and acts as a bridge between east and west. Turkey is working on improving its healthcare structure and continues to invest in the development of its healthcare structure. Turkey has favorable legislation for PPP investments which is realized in various models such as transfer of operational rights, build-operate, and build-operate-transfer. Forklift’s function both as lifting equipment and as a vehicle in the construction industry and are used in unloading pallets of bricks/blocks, construction equipment, and steel joists on the construction site. The growing construction industry is expected to propel the growth of Turkey forklift market over the next five years.

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Market Segmentation

The Turkey 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-ton, 5-15 ton, 16-25 ton, and above 25 ton. 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 end use, the market is divided into port facility, logistics, construction, municipality, and others. Turkey forklift market is studied in major regions namely Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern Anatolia, Eastern Anatolia.

Market Players

Toyota Industries Corp., The KION Group., Hyster-Yale Materials Handling Inc., Anhui Heli Co., Ltd., Komatsu, Hangcha Group., Caterpillar, Clark Material Handling, Linde Material Handling, Simer SAC Metal Sheet Processing & Forklift, are the major market players operating in the Turkey forklift market.

Report Scope:

In this report, Turkey forklift market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Turkey Forklift Market, By Tonnage Capacity:
• Less than 5 ton
• 5-15 ton
• 16-25 ton
• Above 25 ton
• Turkey Forklift Market, By Class:
• Class 1
• Class 2
• Class 3
• Class 4
• Class 5
• Others
• Turkey Forklift Market, By Type:
• Three-Wheel
• Four-Wheel
• Turkey Forklift Market, By Propulsion:
• ICE
• Electric
• Turkey Forklift Market, By End Use:
• Port Facility
• Logistics
• Construction
• Municipality
• Others
• Turkey Forklift Market, By Region:
• Marmara
• Central Anatolia
• Aegean
• Mediterranean
• Black Sea
• South-Eastern Anatolia
• Eastern Anatolia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Turkey 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).

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