Overview of the Global Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

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

The global market for fork-lift trucks and other industrial works trucks and tractors surged to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

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

In value terms, production of fork-lift trucks and other industrial works trucks and tractors declined significantly to $X in 2023 estimated in export price. Over the period under review, production saw a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, global production of growth failed to regain momentum.

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

Exports

In 2023, global exports of fork-lift trucks and other industrial works trucks and tractors reduced slightly to X units, waning by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The global exports peaked at X units in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2023. In general, exports, however, continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in tractors structure, recording X units, which was near X% of total exports in 2023. Germany (X units) held the second position in the ranking, followed by the Netherlands (X units) and Sweden (X units). All these countries together took approx. X% share of total exports. Italy (X units), France (X units), the United States (X units), the UK (X units), Malaysia (X units), Thailand (X units), Belgium (X units) and Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), Malaysia (X%), Germany (X%), the Netherlands (X%), Sweden (X%), Belgium (X%), the United States (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The UK experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Germany, the Netherlands, Thailand and Malaysia increased by X, X, X and X 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 worldwide were China ($X), Germany ($X) and the United States ($X), together comprising X% of global exports. Italy, the UK, France, Sweden, the Netherlands, Japan, Belgium, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2023, surging by X% against the previous year. Overall, the export price recorded mild growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2023, purchases abroad of fork-lift trucks and other industrial works trucks and tractors increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, global imports of attained the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2023. In general, total imports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the Philippines (X units), followed by the United States (X units), the United Arab Emirates (X units) and the UK (X units) were the main importers of fork-lift trucks and other industrial works trucks and tractors, together mixing up X% of total imports. The following importers - Malaysia (X units), Belgium (X units), Germany (X units), India (X units), France (X units), the Netherlands (X units), Italy (X units) and Spain (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Global import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform