Report Update: May 1, 2024

India - Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights

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Fork-Lift Truck Price in India - 2023

Fork-Lift Truck Price in India (CIF) - 2022

The average fork-lift truck import price stood at $926 per unit in 2022, declining by -15.7% against the previous year. Over the period under review, the import price faced a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure at $5,418 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,422 per unit), while the price for China totaled $564 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-7.0%).

Fork-Lift Truck Price in India (FOB) - 2022

The average fork-lift truck export price stood at $2,020 per unit in 2022, which is down by -39.9% against the previous year. Overall, the export price recorded a abrupt slump. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. The export price peaked at $10,911 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($11,751 per unit), while the average price for exports to Poland ($134 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports in India

In 2022, approx. 166K units of fork-lift trucks were imported into India; increasing by 42% compared with 2021. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 107% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, fork-lift truck imports soared to $154M in 2022. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Fork-Lift Truck in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	59.4	35.9	69.0	89.6	14.7%
Others	78.7	44.0	59.6	64.1	-6.6%
Total	138	79.9	129	154	3.7%

Top Suppliers of Fork-Lift Truck to India in 2022:

China (158.8K units)

Fork-Lift Truck Exports in India

In 2022, the amount of fork-lift trucks exported from India skyrocketed to 33K units, rising by 215% on the previous year. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fork-lift truck exports surged to $68M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Fork-Lift Truck in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.6	8.2	11.0	12.1	29.3%
Canada	N/A	N/A	N/A	7.1	0%
United Arab Emirates	0.9	2.0	1.9	2.6	42.4%
Germany	0.3	0.6	0.5	1.9	85.0%
Poland	0.2	0.1	0.4	1.6	100.0%
Netherlands	0.2	0.2	0.1	0.6	44.2%
Maldives	0.1	N/A	N/A	0.4	58.7%
Qatar	0.1	0.1	N/A	0.3	44.2%
Italy	0.1	N/A	N/A	0.2	26.0%
Slovenia	N/A	0.1	N/A	0.1	0.0%
Denmark	N/A	N/A	0.3	0.1	-66.7%
Others	13.6	12.6	21.6	40.7	44.1%
Total	21.2	23.9	35.7	67.7	47.3%

Top Export Markets for Fork-Lift Truck from India in 2022:

Poland (11.6K units)
Germany (8.0K units)
Netherlands (1.8K units)
Italy (1.3K units)
United Arab Emirates (1.2K units)
United States (1.0K units)
Denmark (0.7K units)
Canada (0.6K units)
Qatar (0.6K units)
Maldives (0.5K units)
Slovenia (0.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fork-lift truck market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221513 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height . 1 m
Prodcom 28221515 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height < 1 m
Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023