Report Update Jan 1, 2025

India - Non-Self-Propelled Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends and Insights

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India: Non-Self-Propelled Fork-Lift Truck Market 2025

Non-Self-Propelled Fork-Lift Truck Market Size in India

In 2022, the Indian non-self-propelled fork-lift truck market increased by 2.1% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Self-Propelled Fork-Lift Truck Production in India

In value terms, non-self-propelled fork-lift truck production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from India

In 2022, approx. X units of non-self-propelled fork-lift trucks were exported from India; jumping by 254% on 2021. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-self-propelled fork-lift truck exports surged to $X in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units), Germany (X units) and the Netherlands (X units) were the main destinations of non-self-propelled fork-lift truck exports from India, together accounting for 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +137.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the United Arab Emirates ($X) were the largest markets for non-self-propelled fork-lift truck exported from India worldwide, with a combined 15% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +89.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-self-propelled fork-lift truck export price amounted to $X per unit, which is down by -27.1% against the previous year. In general, the export price faced a deep setback. The pace of growth was the most pronounced in 2021 an increase of 55%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+91.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into India

Non-self-propelled fork-lift truck imports into India surged to X units in 2022, with an increase of 44% against the previous year. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 102% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of non-self-propelled fork-lift truck to India, accounting for a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +28.1%.

In value terms, China ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to India.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.7%.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, dropping by -13% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -14.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-self-propelled fork-lift trucks in the world?

The country with the largest volume of non-self-propelled fork-lift truck consumption was China, comprising approx. 43% of total volume. Moreover, non-self-propelled fork-lift truck consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, threefold. The third position in this ranking was occupied by the United States, with a 3.4% share.

What are the largest producers of non-self-propelled fork-lift trucks in the world?

The country with the largest volume of non-self-propelled fork-lift truck production was China, accounting for 69% of total volume. Moreover, non-self-propelled fork-lift truck production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. India ranked third in terms of total production with a 3.7% share.

What are the leading suppliers of non-self-propelled fork-lift trucks to India?

In value terms, China constituted the largest supplier of non-self-propelled fork-lift truck to India.

What are the leading importers of non-self-propelled fork-lift trucks from India?

In value terms, the largest markets for non-self-propelled fork-lift truck exported from India were the United Arab Emirates, France and Germany, with a combined 16% share of total exports. These countries were followed by Poland, Saudi Arabia, the Netherlands, Mozambique and Denmark, which together accounted for a further 7.7%.

What is the average export price for non-self-propelled fork-lift trucks in India?

In 2021, the average non-self-propelled fork-lift truck export price amounted to $720 per unit, reducing by -3.6% against the previous year.

What is the average import price for non-self-propelled fork-lift trucks in India?

In 2021, the average non-self-propelled fork-lift truck import price amounted to $457 per unit, declining by -33.2% against the previous year.

This report provides an in-depth analysis of the non-self-propelled fork-lift truck market in India. 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 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024