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Latest Report Update: Dec 2, 2022

GCC - Fork-Lift Trucks and Other Industrial Works Trucks and Tractors - Market Analysis, Forecast, Size, Trends and Insights

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GCC: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2022

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in GCC

Overall, consumption continues to indicate a relatively flat trend pattern.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports by Country

China dominates tractors structure, reaching X units, which was approx. 54% of total exports in 2021. It was distantly followed by Germany (X units) and the Netherlands (X units), together mixing up a 16% share of total exports. Italy (X units), Japan (X units), France (X units), the UK (X units), Belgium (X units), Sweden (X units), South Korea (X units) and the United States (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +22.0% from 2012 to 2021. At the same time, the Netherlands (+36.7%), Germany (+26.0%), Belgium (+23.7%), France (+20.2%), Italy (+19.5%), the UK (+18.6%), South Korea (+17.0%), Japan (+14.1%), Sweden (+10.0%) and the United States (+1.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.7% from 2012-2021. From 2012 to 2021, the share of the Netherlands, Germany and China increased by +4, +2.8 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest forklift truck and industrial works truck supplying countries from X were China ($X), Germany ($X) and the United States ($X), with a combined 48% share of total exports.

China, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in X amounted to less than $X per thousand units, approximately equating the previous year. Overall, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.3%), while the other leaders experienced a decline in the export price figures.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports by Country

In 2021, the Netherlands (X units), distantly followed by Belgium (X units), the United States (X units), Germany (X units) and France (X units) represented the key importers of fork-lift trucks and other industrial works trucks and tractors, together constituting 38% of total imports. The following importers - Italy (X units), the UK (X units), Poland (X units), Australia (X units), Canada (X units), Spain (X units), Turkey (X units) and Mexico (X units) - together made up 23% of total imports.

The Netherlands was also the fastest-growing in terms of the fork-lift trucks and other industrial works trucks and tractors imports, with a CAGR of +36.7% from 2012 to 2021. At the same time, Germany (+27.1%), Belgium (+23.8%), Mexico (+19.8%), Italy (+19.1%), Spain (+19.1%), Australia (+17.3%), Poland (+17.0%), Turkey (+16.7%), Canada (+13.0%), France (+11.4%), the United States (+3.2%) and the UK (+2.6%) displayed positive paces of growth. While the share of the Netherlands (+11 p.p.), Germany (+3.8 p.p.) and Belgium (+3.1 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of France (-1.7 p.p.), the UK (-6.2 p.p.) and the United States (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fork-lift trucks and other industrial works trucks and tractors into X, comprising 14% of global imports. The second position in the ranking was held by Germany ($X), with a 5.6% share of global imports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +7.9%. In the other countries, the average annual rates were as follows: Germany (+4.6% per year) and the Netherlands (+10.2% per year).

Import Prices by Country

In 2021, the import price in X amounted to less than $X per thousand units, therefore, remained relatively stable against the previous year. Overall, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per thousand units), while the Netherlands ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fork-lift trucks and other industrial works trucks and tractors in GCC?

The country with the largest volume of consumption of fork-lift trucks and other industrial works trucks and tractors was Saudi Arabia, comprising approx. 59% of total volume. Moreover, consumption of fork-lift trucks and other industrial works trucks and tractors in Saudi Arabia exceeded the figures recorded by the second-largest consumer, the United Arab Emirates, twofold. Oman ranked third in terms of total consumption with a 7.4% share.

What are the leading suppliers of fork-lift trucks and other industrial works trucks and tractors in GCC?

In value terms, the United Arab Emirates, Saudi Arabia and Kuwait appeared to be the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

What are the leading importers of fork-lift trucks and other industrial works trucks and tractors in GCC?

In value terms, the United Arab Emirates, Saudi Arabia and Kuwait were the countries with the highest levels of imports in 2021, with a combined 78% share of total imports. These countries were followed by Oman and Bahrain, which together accounted for a further 11%.

What is the average export price for fork-lift trucks and other industrial works trucks and tractors in GCC?

In 2021, the export price in GCC amounted to $479 per unit, falling by -79.1% against the previous year.

What is the average import price for fork-lift trucks and other industrial works trucks and tractors in GCC?

The import price in GCC stood at $2,176 per unit in 2021, declining by -57.1% against the previous year.

This report provides an in-depth analysis of the market for forklift truck and industrial works truck in GCC. 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)

• Prodcom 28221570 - Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods, t ractors of the type used on railway station platforms

Country coverage:

• Bahrain

• United Arab Emirates

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Production in GCC, split by region and country

• Trade (exports and imports) in GCC

• 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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance