United Kingdom 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 United Kingdom 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. According to International Trade
Administration, the United Kingdom population in 2021 was 68.05 million, and
the active internet users were 65.32 million. The growth of the e-commerce
industry is attributed to the growing consumer awareness and changing
preferences of people to buy products that can provide value for money. With
the rise in social media networking and mobile internet access, the e-commerce
industry is expected to grow at a rapid rate. Some of the top e-commerce
websites in the United Kingdom are Amazon, eBay, Argos, Tesco, Next, Asda,
Marks and Spencer, B&Q, Screwfix, and Currys. The rise in the consumer
expenditure capacity and the growing popularity of the e-commerce industry is
increasing the need to increase the warehouse spacing for storage of products
that can be further distributed to retail stores in bulk. The e-commerce
industry market players are willing to invest in upgrading the existing
warehouse technologies and form distribution strategies to deliver products
without damage. Forklifts are used in warehouses to place or arrange materials,
meanwhile reducing time and space to complete the operations manually. The
ongoing developments in distribution technology and the massive growth of the
e-commerce industry are expected to accelerate the United Kingdom forklift
market growth over the next five years.
Growing Investments to
Develop Infrastructure Industry Supports the High Market Demand
The growing economy of the
United Kingdom offers lucrative investment opportunities in the infrastructure
sector in a wide variety of sectors, including healthcare, transportation, and
the energy industry. The United Kingdom has a digital infrastructure that
supports the tech sector, which is larger than the whole of Europe combined. It
is the home to the largest air transport network In Europe and supports
connectivity across the globe. Also, based on the data by Infrastructure and
Projects United Kingdom has a number of energy infrastructure projects in the
pipeline. Also, the government has introduced several regulations and
initiatives to support the growth of the infrastructure industry. It
established National Infrastructure Commission in 2015 to provide independent
expert advice on the UK’s long-term infrastructure needs. They established UK
Infrastructure Bank in 2021 to finance local and private infrastructure
projects. Forklifts function both as lifting equipment and are used in the
construction industry for unloading pallets of bricks/blocks, construction
equipment, and steel joists on the construction site. The growing construction
industry and the ongoing infrastructure developments are expected to propel the
United Kingdom forklift market growth over the next five years.
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Market Segmentation
The United Kingdom 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. United Kingdom forklift market is studied in
major regions namely London, East Anglia, Southwest, Southeast, Scotland, East
Midlands, Yorkshire & Humberside.
Market Players
MLE B.V., JST Forklift
Trucks, Hyster-Yale Group, Inc., Linde Material Handling GmbH, Landoll Corporation,
Jungheinrich AG, Combilift Ltd, Clark Material Handling Company, Toyota
Material Handling Manufacturing Italy S.p.A., Impact Fork Truck Limited, are
the major market players operating in the United Kingdom forklift market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and
CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Tonnage Capacity
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Class
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Type
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Propulsion
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End Use
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Regional scope
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London, East Anglia, Southwest, Southeast, Scotland, East
Midlands, Yorkshire & Humberside
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Key companies profiled
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MLE B.V., JST Forklift Trucks, Hyster-Yale
Group, Inc., Linde Material Handling GmbH, Landoll Corporation, Jungheinrich
AG, Combilift Ltd, Clark Material Handling Company, Toyota Material Handling Manufacturing
Italy S.p.A., Impact Fork Truck Limited
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, United Kingdom forklift
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- United Kingdom Forklift
Market, By Tonnage Capacity:
- Less than 5 ton
- 5-15 ton
- 16-25 ton
- Above 25 ton
- United Kingdom Forklift Market, By Class:
- Class 1
- Class 2
- Class 3
- Class 4
- Class 5
- Others
- United Kingdom Forklift Market, By Type:
- United Kingdom Forklift Market, By Propulsion:
- United Kingdom Forklift Market, By End Use:
- Port Facility
- Logistics
- Construction
- Municipality
- Others
- United Kingdom Forklift
Market, By Region:
- London
- East Anglia
- Southwest
- Southeast
- Scotland
- East Midlands
- Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom 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).
United Kingdom forklift market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]