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India Forklift Market Outlook, 2022

Publisher : Bonafide Research | SKU : 170860031 | Pages : 81 |
Published Date : 2017-08-01 | Figures : 15 | Tables : 22
Region : Asia-Pacific | Country : India | Category: Manufacturing & Industry
Demand of Electric Forklifts and Rental Services will be major growth Drivers for Forklift Industry in India : Bonafide Research

India Forklift Market Outlook, 2022

Bonafide Research | SKU : 170860031
Pages : 81 | Aug, 17 | Region : Asia-Pacific
Figures : 15 | Tables : 22
Category: Manufacturing & Industry
Demand of Electric Forklifts and Rental Services will be major growth Drivers for Forklift Industry in India : Bonafide Research

In last few years, India Forklift Market has shown optimistic growth in terms of value as well as volume. Top international players have started setting their base in India which resulted in to availability new technology, product design and new products. India forklift have wide acceptance in Industries, Ports and warehousing sector. Infrastructure growth, Make in India campaign and GST implementation has pull the demand of forklifts industry. New emerging category of battery operated electric forklift gaining momentum in forklift industry. Electric forklift are now available with many special attachments for specific applications with lower cost of ownership. Customers now prefer electric forklift over diesel forklift. Products are now designed to be more reliable, efficient and service friendly. According to recently published report of Bonafide Research "India Forklift Market Outlook, 2022" Godrej & Boyce manufacturing company limited, KION India private limited (Voltas), Toyota material handling India private Limited and Action Construction Equipment private limited is the top the chart with more than 78% market share of overall India forklift market and CAGR is anticipated to increase of more than 13%. Recently in March 2016, Major player Hyundai launched its forklift business in India with it complete range of forklifts and warehousing equipment. The entire range of forklift can be segregated into three major categories: Light duty (1 to 3 tonne), Medium duty (4 to 8 tonne), and heavy duty (10 tonne and above capacity). 60% is the counterbalance forklift and 40% warehousing equipment forklift. Light duty forklifts will be the major drivers since current trend is to have pollution free greener forklifts. Industries like automobile, logistics, chemicals, pharma etc are growing in Indian market and they contribute to major share of forklift applications. The market will gradually move towards electric version and eventually the diesel forklifts will remain in the outdoor application only. Light generation trucks are high safety products with higher reliability and greater fuel efficiency. In Warehouse trucks, Manual movement of material is now replaced by battery operated Pallet truck. Now the trend is moving from reach truck to VNA and ASRS which are semi automatic and automatic systems. E-commerce has been a big boom for forklift market as a lot of warehousing operations got a fillip because of that. Many 3PL companies, which have entered India, are doing their job very efficiently. Demand for forklifts from rental market has seen growing regularly. The growth of rental market has been more aggressive from last few years. Rental segment is dominant by unorganised players in forklift market. But now the scenario is changing due to OEM providing complete solutions to the industry including rental services. Key Category 1. India Material Handling Equipment Market Outlook 2. India Forklift Market Outlook • India Forklift organised Market • India Forklift unorganised Market "India Forklift Market Outlook, 2022" discusses the following aspects of Forklift products in India: The report gives an in-depth understanding of Forklift market in India: - Global forklift Market Outlook - India Material handling equipment Market Outlook - India Material handling Equipment Market Size & Forecast - India Forklift Market Segmental Analysis: By Product, By User Segment, By Drive type - India Forklift Market Size & Forecast - India Forklift organised Market Size & Forecast - India Forklift unorganised Market Size & Forecast - India Forklift Market Segmental Analysis: By User segment, By Fuel Input, By Load capacity, By class, By company, - India Rental market - Product Price & Variant Analysis - The key vendors in this market space - Competitive Landscape & Strategic Recommendations This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of Forklift products in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

  • Table of Content 1. Executive Summary 2. Global Forklift Market Outlook 3. India Material handling Equipment Market Outlook 3.1. Market Size By Value 3.2. Market Share 3.2.1. By product 3.2.2. By user Segment 3.2.3. By Driver type 4. India Forklift Market Outlook 4.1. Market Size 4.1.1. By Value 4.1.2. By Volume 5. India Forklift organised market Outlook 5.1. Market size-By value 5.2. Market Share 6. India Forklift Unorganised market Outlook 6.1. Market Size-By value 6.2. Market share 7. India Forklift Market Outlook 7.1. Market Share 7.1.1. By User Segment 7.1.2. By Fuel Input 7.1.3. By Load Capacity 7.1.4. By Class 7.1.5. By Company 8. Product Price & Variant Analysis 9. India Economic Snapshot 10. Rental Forklift market 11. Market Penetration 12. PEST Analysis 13. Policy & Regulatory Landscape 14. Trade Dynamics 14.1.1. Import 14.1.2. Export 15. Channel Partner Analysis 16. India Forklift Market Dynamics 16.1.1. Key Drivers 16.1.2. Key Challenges 17. Market trends & Development 17.1. GST Implementation 17.2. Manufacturing & Warehousing Industry Trends 17.3. Maintenances & Service practices 17.4. Demand for high end services and infrastructure 17.5. Palletisation & Containerization 18. Competitive Landscape 18.1. Porter’s Five Forces 18.2. Company Profile 18.2.1. Godrej & Boyce Manufacturing Company Limited 18.2.2. KION India Private Limited ( Voltas) 18.2.3. Action Construction Equipment Limited (ACE) 18.2.4. Toyota material handling India Private Limited 18.2.5. Macneill Engineering Limited 18.2.6. Nilkamal Limited 18.2.7. Maini Material movement Private Limited 18.2.8. Josts Engineering Private Limited 18.2.9. MHE NEXT Engineering Private Limited 18.2.10. Hyundai Construction Equipment Private Limited 19. Strategic Recommendations 20. Disclaimer

LIST OF FIGURES Figure-1: India Material handling Market Size – By Value 2011-2016 (INR Crore) Figure-2: India Material Handling Market Size Forecast – By Value 2017F-2022F (INR Crore) Figure-3: India Material Handling Market Share – By Company 2016 Figure-4: India Material Handling Market Share – By user segment 2016 Figure-5: India Material Handling Market Share – By Production 2016 Figure-6: India Forklift Market Size – By Value 2011-2016 (INR Crore) Figure-7: India Forklift Market Size Forecast – By Value 2017F-2022F (INR Crore) Figure-8: India Forklift Market Size – By Volume 2011-2016 (Units) Figure-9: India Forklift Market Size – By Volume 2011-2016 (Units) Figure-10: India Forklift Market Size – By ASP 2011-12 to 2015-16 (INR) Figure-11: India Forklift Market Size – By ASP 2016-17 to 2021-22F (INR) Figure-12: India Organised Forklift Market Share – By Company 2016 Figure-13: India Organised Forklift Market Share – By End Users 2016 Figure-14: India Forklift Market Share – Product type- By Value 2016 Figure-15: India Forklift Market Share – Product type- By Value 2021F Figure-16: India Forklift Market Share – Product type- By Volume 2016 Figure-17: India Forklift Market Share – Product type- By Volume 2021F Figure-18: India Forklift Market Share – Load capacity- By Volume 2016 Figure-19: India Forklift Market Share – Load capacity- By volume 2021F

LIST OF TABLES Table-1 : Product Price variant Analysis of companies Table-2: India Economic Profile – 2015 Table-3: List of HS Code for Various Forklift Products in India 2016 Table-4: Import duty structure for forklift products India 2016 Table-5: Import of self propelled truck powered by electric motor in India - Value & Volume 2011-12 to 2016-17 Table-6: Import of other self propelled truck in India - Value & Volume 2011-12 to 2016-17 Table-7: Import of other truck in India - Value & Volume 2011-12 to 2016-17 Table-8: Import of forklift Products in India - By Country By Volume 2016-17 Table-9: Export of Self propelled trucks Powered By electric Motor from India - Value & Volume 2011-12 to 2016-17 Table-10: Export of Other Self propelled trucks from India - Value & Volume 2011-12 to 2016-17 Table-11: Export of Other trucks from India - Value & Volume 2011-12 to 2016-17 Table-12: Import of forklift Products in India - By Country By Volume 2016-17 Table- 13: Key Facts Godrej & Boyce Manufacturing Company Limited Table-14: Key Facts KION India Private Limited Table-15: Key Facts Action Construction Equipment Ltd Table-16: Key Facts Toyota Material handling India pvt ltd Table-17: Key Facts Mecneill Engineering Limited Table-18: Key Facts Nilkamal Limited Table-19: Key Facts Maini material Movement Private Limited Table-20: Key Facts Josts Engineering Private Limited Table-21: Key Facts MHE NEXT Engineering Private Limited Table-22: Key Facts Hyundai Construction equipment India private limited


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