Summary

The UAE forklift market is expected to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising popularity of e-commerce industry and increased demand for forklifts to carry heavy loads and work in difficult-to-reach spaces. Expanding construction industry owing to growing infrastructural development activities coupled with increased adoption of forklifts for warehouse operations in recent years are contributing to the market griowth. Besides, rising popularity of electric forklifts among chemical manufacturers and recycling center owners is anticipated to support the market growth. Electric forklifts require less maintenance and create low noise, which improve the convenience of employees during fieldwork. OEMs are focusing on developing forklifts that cater to the evolving needs of the warehouse and dockyard owners. High costs associated with the maintenance and newly launched forklift trucks designed for use in low spaces such as cabins, culverts, and basements, and can move freely. Additionally, strict emission regulations introduced by the government to reduce vehicular pollution and rise in investments by the government to boost the real estate sector are anticipated to fuel the UAE forklift market in the coming years. Growing adoption of automation technologies in the manufacturing process and increase in safety standards related to forklift are likely to positively influence the growth of the UAE forklift market.
The UAE 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. The less than 5 ton segment is anticipated to dominate the UAE forklift market as they are environmental friendly and relatively silent during operation. Based on class, the market is divided into class 1, class 2, class 3, class 4, class 5, and others.
Leading players in the UAE forklift market are EP Equipment, VMECH Industrial Equipment L.L.C, Jungheinrich AG, Komatsu Ltd., Kion Group AG, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze and forecast market size of the UAE forklift market, in terms of value and volume.
• To define, classify and forecast the UAE forklift market on the basis of type, tonnage, class, propulsion, end use, company and regional distribution.
• To identify tailwinds and headwinds for the UAE forklift market.
• To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the UAE forklift market.
• To evaluate competitor pricing, average market selling prices and trends in the UAE forklift market.
• To strategically profile the leading players, which are involved in the supply of forklifts in market.
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of forklift manufacturers and suppliers in UAE. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings and end users across the country.
TechSci Research calculated the market size for the UAE forklift market using a bottom-up approach. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
• Forklift manufacturers
• Research organizations and consulting companies
• Associations, organizations, and alliances related to forklift manufacturing
• Government bodies such as regulating authorities and policy makers
• Industry associations
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as manufacturers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
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Report Scope:
In this report, UAE forklift market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• UAE Forklift Market, By Tonnage Capacity:
o Less than 5 ton
o 5-15 ton
o 16-25 ton
o Above 25 ton
• UAE Forklift Market, By Class:
o Class 1
o Class 2
o Class 3
o Class 4
o Class 5
o Others
• UAE Forklift Market, By Type:
o Three-Wheel
o Four-Wheel
• UAE Forklift Market, By Propulsion:
o ICE
o Electric
• UAE Forklift Market, By End Use:
o Port Facility
o Logistics
o Construction
o Municipality
o Others
• UAE Forklift Market, By Region:
o Dubai
o Abu Dhabi
o Sharjah
o Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE 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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