Turkey forklift market is
anticipated to witness significant CAGR in the forecast period, 2023-2027.
Factors such as the growing popularity of the e-commerce industry and the
booming construction industry, and ongoing infrastructure developments by the leading
authorities to improve the living standards of citizens are primarily driving
the demand for the Turkey forklift market. Also, the development of autonomous
forklifts and the production of hydrogen fuel cell forklifts are expected to
create numerous growth opportunities for the market players over the next five
years.
Flourishing E-commerce
Industry Drives the Market Growth
The E-commerce industry
witnessed an upward trend after the COVID-19 restrictions were imposed all over
the country as the leading authorities discouraged the public gathering. Around
the majority of the customers and sellers who supported the growth of the
e-commerce industry during a pandemic period tended to continue online trading
even after the restrictions were lifted. Turkey is the 18th largest market in
the e-commerce industry, with a revenue of US$16.3 billion in 2022. Virtual
marketplaces are gaining popularity among consumers, and Turkish e-commerce
websites like Trendyol, Hepsiburada, and Getir have expanded rapidly in the
previous years. According to a study by International Trade Administration,
Istanbul ranked among the top 20 of the world’s 100 best emerging ecosystems
for start-ups in the gaming and e-commerce industry. The high-speed internet
penetration and proliferation of smart devices is further expected to influence
the proliferation of the e-commerce industry in the country. The rise in
demand for consumer products
and the growing popularity of the e-commerce industry is increasing the
requirements of warehouse spacing for storage of products that are further
distributed to retail stores in bulk. The e-commerce industry market players
are willing to make investments to upgrade warehouse technologies and form
distribution strategies to deliver products without any damage. Forklifts are
used in warehouses to place or arrange materials meanwhile reducing time and
space to complete the operations. The ongoing developments and the massive
growth of the e-commerce industry are expected to accelerate the Turkey forklift
market growth over the next five years.
Growing Investments to
Develop Infrastructure Industry Supports the High Market Demand
The growing economy offers
lucrative investment opportunities in the infrastructure sector in a wide
variety of sectors, including healthcare, transportation, and the energy
industry. Between the years 1986 and 2021, contracts worth USD 159 billion were
signed for 253 Public-Private Sector Partnership (PPP) projects. Turkey’s 84
million strong population is growing by an additional 1 million every year,
coupled with a rapid urbanization process resulting in 24 urban centers. Turkey
leads the middle corridor and acts as a bridge between east and west. Turkey is
working on improving its healthcare structure and continues to invest in the
development of its healthcare structure. Turkey has favorable legislation for
PPP investments which is realized in various models such as transfer of
operational rights, build-operate, and build-operate-transfer. Forklift’s
function both as lifting equipment and as a vehicle in the construction
industry and are used in unloading pallets of bricks/blocks, construction
equipment, and steel joists on the construction site. The growing construction
industry is expected to propel the growth of Turkey forklift market over the
next five years.
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Market Segmentation
The Turkey 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. Based on class, the market is divided into class 1, class 2, class 3,
class 4, class 5, and others. Based on type, the market is divided into three-wheel
and four-wheel. Based on propulsion, the market is bifurcated into ICE and
electric. Based
on end use, the market is divided into port facility, logistics, construction,
municipality, and others. Turkey forklift market is studied in major
regions namely Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea,
South-Eastern Anatolia, Eastern Anatolia.
Market Players
Toyota Industries Corp., The
KION Group., Hyster-Yale Materials Handling Inc., Anhui Heli Co., Ltd.,
Komatsu, Hangcha Group., Caterpillar, Clark Material Handling, Linde Material
Handling, Simer SAC Metal Sheet Processing & Forklift, are the major market
players operating in the Turkey forklift market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and
CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Tonnage Capacity
·
Class
·
Type
·
Propulsion
·
End Use
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Regional scope
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Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern
Anatolia, Eastern Anatolia
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Key companies profiled
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Toyota Industries Corp., The KION Group.,
Hyster-Yale Materials Handling Inc., Anhui Heli Co., Ltd., Komatsu, Hangcha
Group., Caterpillar, Clark Material Handling, Linde Material Handling, Simer
SAC Metal Sheet Processing & Forklift
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Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Turkey forklift
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Turkey Forklift Market,
By Tonnage Capacity:
- Less than 5 ton
- 5-15 ton
- 16-25 ton
- Above 25 ton
- Turkey Forklift Market, By Class:
- Class 1
- Class 2
- Class 3
- Class 4
- Class 5
- Others
- Turkey Forklift Market, By Type:
- Turkey Forklift Market, By Propulsion:
- Turkey Forklift Market, By End Use:
- Port Facility
- Logistics
- Construction
- Municipality
- Others
- Turkey Forklift Market, By Region:
- Marmara
- Central Anatolia
- Aegean
- Mediterranean
- Black Sea
- South-Eastern Anatolia
- Eastern Anatolia
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Turkey 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).
Turkey forklift market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]