Hyper growth in sectors like retail, e-commerce, manufacturing, warehousing and logistics has led to fast paced growth in the demand for forklifts in material handling. Forklift Trucks as an equipment has an important role in industries to handle material movement from one place to another place. Almost all the industrial segments including automobile, chemical, fertilizer, pharma, glass, steel, Ferro-alloys rubber etc. are extensively using forklifts equipments for their material handling needs. From a classification perspective, the entire range of forklift can be segregated into three categories i.e. Light duty (1 to 3 tonne), Medium duty (4 to 8 tonne), and heavy duty (10 tonne and above capacity). In India, light duty forklifts with the load capacity of 1 ton to 3 ton are dominating the sales volume as there have been many SME companies operating in the country, however a trend of medium duty forklifts is anticipated to be seen over the next few years. Push to go electric came into fork lift trucks much before it was even talked about in the auto sector as the demand for pollution free greener forklifts has been increasing in the country with companies & industries becoming conscious about environmental impacts of diesel forklifts. Players in forklift industry are offering products with focus on operator comfort, safety and ultimate productivity in mind. Products are designed to be more reliable, efficient and service friendly. Currently, AC drive forklifts are becoming popular as they reduce the maintenance and increase the operational uptime. New emerging product types of battery operated electric forklifts are gaining momentum in the country. Electric forklifts are now available with many special attachments for specific applications with lower cost of ownership. Customers have started preferring electric forklifts over diesel variants.

The growing attractiveness of fork lift truck market in India has drawn attention of lot of MNC companies that were vying for a piece of market share. Recently, Italian company KION’s Indian forklift truck brand, Voltas, joined hands with the long-established Italian brand OM in India. We anticipate many such collaboration, M&A, expansion will happen in the sector and that will be a win win for the end use industry segment as the industry will get to see innovation in the new product launches. Demand for forklifts from rental market has seen growing regularly. The growth of rental market has been more aggressive than what it had been 4-5 years back. Earlier the market was limited with small rental companies which were moreover localized and the fleet was utilized to make temporary arrangement to meet peak loads and stop-gap arrangement to meet the delivery schedule till the purchased equipment can be deployed. But now the scenario is changing due to OEMs providing complete solutions to the industry including rental services. Forklifts up to 5 tonne capacity is the major selling segment and contributes to almost 85 per cent of the total requirements. Though this segment will continue to be the major growth driver, a considerable growth in heavy-duty forklifts segment is anticipated due to increase in import/export activities and exponential growth in ICDs.

InfraInsights research report “Demand Outlook on Fork Lift Truck in India by 2025” aims to extrapolate the emerging demand for fork lift trucks by quantifying the underlying expansion in the economic activity across manufacturing, logistics and other sectors that influence demand for fork lift trucks in India. The report will also outline the product need gap, trend in going electric on fork lift trucks and the anticipated innovation in the industry to provide better product that can be operated with ease. The report will be an outcome of extensive primary research backed by secondary research.

  1. Executive Summary
  2. Approach & Methodology
  3. Fork Lift Truck Market Landscape
    1. Key OEMs
    2. Application landscape
    3. Sales & Distribution
  4. Fork Lift Trucks Product Portfolio of OEMs
  5. Fork Lift Trucks Product Technical Performance Benchmarking
  6. Fork Lift Trucks Avg Selling Price by different OEMs
  7. Fork Lift Trucks Market Size in 2017-18
    1. Market by OEMs
    2. Market by capacity rating
      1. Light Duty (1-3 tonne)
      2. Medium Duty (4-8 tonne)
      3. Heavy Duty (10 tonne and above)
    3. Market by end user application industry
    4. Market by fuel type [Diesel, Dual Fuel, Electric..]
    5. Market by Regions
    6. Market by direct sales vs channel sales
    7. Market by rental sales vs captive sales
    8. Market by domestic vs imports
  8. Factors that influence customer preference [Rental &Captive buyers]
    1. Brand recall
    2. Operational Availability
    3. By Fuel type
    4. Ease of after Sales Service
    5. Cost of Operations (fuel efficiency)  
    6. Cost of Maintenance
  9. Sector Driving Demand for Fork Lift Trucks
    1. Growth in Warehouse
    2. Growth in Logistics
    3. Growth in Ports
    4. Growth in C&F
    5. Growth in ICDs  
  10. Penetration of Electric Fork Lift Trucks in India Market across sector
    1. Replacement of diesel forklift trucks by electric forklift trucks
  11. Procurement Practice across end use industry segments
  12. Emerging sector that are likely to use forklift trucks
  13. Innovation in Fork Lift Segment & Industrialization in Indian Market
    1. Hydrogen Cell based Fork Lift
  14. Sector Specific Fork Lift Performance Score Card
    1. Overall Availability
    2. Cost of Operations
    3. Cost of Maintenance
  15. Projecting Demand for Fork Lift by 2025
    1. Avg number of forklift trucks across different sector
    2. Growth in industry segments using fork lift trucks
    3. Component of fork lift trucks in green field or brown field projects in sectors using fork lift trucks
    4. Scenario based demand simulations (BAU, Optimistic, and Pessimistic)
  16. Product / Solution Positioning of different OEMs to win market share
    1. Training Centre
  17. Need Gap analysis in the product
    1. Interviews with the operator
  18. M&A, Market Entry Opportunities

We create value for our customers by amalgamating deep functional and energy industry expertise. Our solutions range from in depth research reports to advisory services enabling our customers with energy market insights to take informed decisions, grow and improve on their competitiveness.

Leveraging our breadth of geographical reach we provide solutions in entire energy value chain be it coal, power, oil and gas or renewable. We are a reliable and efficient source comprising of best in class talent pool which provides answer to all the challenges of the energy industry

Please contact us at info@infrainsights.com for the flyer