Home » Europe LPG Forklift Market

Europe LPG Forklift Market By Product Type (Counterbalance Forklifts, Pallet Trucks, Rough Terrain Forklifts, Others); By load capacity (Light Duty (Below 5 tons), Medium Duty (5 to 15 tons), Heavy Duty (above 15 tons)); By Application (Warehousing, Manufacturing, Construction, Retail and wholesale, Others); By End-Use Industry (Manufacturing, Warehousing, Logistics and Distribution); By Region – Growth, Future Prospects & Competitive Analysis, 2024 – 2032

Price: $1999

Published: | Report ID: 32147 | Report Format : PDF

Europe LPG Forklift Market Overview

The European LPG forklift market is a significant and rapidly expanding industry, with its value estimated to surpass USD 5241.73 million as of 2023. This market is projected to continue its robust growth trajectory, reaching an estimated USD 9,420.05 million by 2032, expanding at a compound annual growth rate (CAGR) of 6.73%.

Key growth drivers are stringent emission regulations compelling industries to adopt cleaner forklifts and the rapid expansion of e-commerce and logistics activity, which requires more advanced warehousing. The major country markets are Germany, France, Italy, the UK, and Spain, which together account for over 70% of total European demand. However, high-potential growth is also expected in Central and Eastern European countries like Poland, the Netherlands, and Russia.

Leading LPG forklift manufacturers in Europe include Toyota, Linde, Jungheinrich, Hyster-Yale, Still, Doosan, and Mitsubishi Logisnext. These players are focused on rolling out more advanced LPG forklift trucks with improved fuel systems and tank capacities to tap the market opportunity. Driven by tightening regulations and rising logistics activity, the Europe LPG forklift market is forecast to grow at a 6.73% CAGR in the coming years. Key opportunities lie in replacing old diesel models as well as supplying new emerging e-commerce warehouses and distribution centers.

Design Element 2

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample
CTA Design Element 3

Market Drivers

The European market for LPG forklifts is experiencing significant growth, influenced by a number of key factors. Primarily, this surge is attributed to the rapid expansion of the construction industry and swift industrialization across the continent. The construction sector, in particular, has emerged as the largest contributor to the forklift truck market, propelled by an increasing population and the subsequent need for efficient material handling solutions. Furthermore, the burgeoning demand for environmentally friendly solutions has notably boosted the popularity of LPG forklifts. These vehicles are recognized for their power, user-friendliness, cost-effectiveness, and low environmental impact. The rising emphasis on reducing carbon emissions and promoting sustainable practices across various industries, including construction, freight and logistics, food, retail, chemical, paper, and wood, is further accelerating the demand for LPG forklifts.

The competitive landscape of the European forklift truck market is another driving factor, dominated by established players such as Toyota Industries Corporation, Mitsubishi Logisnext Co. Ltd., and Godrej & Boyce Manufacturing. These companies are actively engaging in expansion strategies, collaborations, partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is analyzed using technical trends and Porter’s Five Forces analysis, offering insights into the future market scenario for individual countries. This analysis takes into account the impact of global brands, domestic tariffs, and trade routes, providing a comprehensive overview of the market dynamics. In conclusion, the growth of the European LPG forklift market is fueled by the expansion of the construction industry, the increasing demand for eco-friendly solutions, a robust competitive environment, and the influence of technical trends and market analyses.

Market Restraints

The European LPG forklift market, while promising, confronts a complex array of market restraints that could impede its growth and operational effectiveness. Among these challenges, stringent regulatory requirements, particularly in terms of emissions and safety standards, stand out as significant barriers. These regulations necessitate rigorous compliance measures, adding to operational complexities and costs for manufacturers and users alike. Another critical factor is the growing competition from the electric forklift segment, which is increasingly preferred due to heightened environmental consciousness and attractive government incentives promoting greener alternatives. This shift towards electric forklifts threatens to erode the market share of LPG forklifts.

Moreover, the LPG forklift market is sensitive to fluctuations in LPG prices, which are subject to global economic conditions, geopolitical events, and supply-demand dynamics. Such volatility can lead to unpredictable operating costs, making budget planning challenging for businesses that rely on LPG forklifts. Additionally, the geographical disparity in the availability of LPG refueling infrastructure further compounds the problem, particularly in remote or underdeveloped areas, limiting the practicality and appeal of LPG forklifts in these regions.

Opportunities

The European LPG Forklift Market offers several key opportunities:

  • Stricter emissions laws in Europe create a market for replacing over 1 million diesel forklifts with LPG models. This offers a significant sales opportunity for LPG forklift manufacturers.
  • The rise in e-commerce has led to more warehouse construction in Europe, increasing demand for forklifts and opening up opportunities to supply new LPG models.
  • Economic growth in regions like Poland, the Czech Republic, Slovakia, and the Baltics is boosting demand in logistics and other industries for LPG forklifts.
  • Opportunities to enhance LPG forklifts with technologies like telematics, IoT connectivity, and ergonomic designs can attract customers seeking upgrades from traditional diesel models.
  • Tax incentives and subsidies from European governments for low-emission equipment like LPG forklifts can encourage adoption among cost-conscious buyers.
  • Europe’s stringent regulations, the growth of e-commerce and warehousing, emerging markets, technological advancements, and green incentives collectively present a lucrative landscape for LPG forklift manufacturers.

Interesting Facts about the European LPG Forklift Market

  • Europe has a significant market for LPG forklifts, with over 1 million diesel forklifts anticipated to be replaced by cleaner LPG models due to stringent emissions regulations.
  • LPG forklifts in Europe are extensively used across various industries, including logistics, construction, warehousing, retail, and manufacturing, due to their versatility and efficiency.
  • European LPG forklifts are at the forefront of integrating advanced technologies like IoT connectivity, fleet tracking, and automated analytics, enhancing efficiency and safety.
  • LPG forklifts are favored in Europe for their lower emissions compared to diesel models, aligning with the continent’s aggressive environmental policies and green initiatives.
  • Many European countries offer tax incentives and subsidies for companies investing in low-emission equipment like LPG forklifts, encouraging their adoption.
  • The rapid expansion of the e-commerce industry in Europe has led to increased demand for LPG forklifts in new and expanding warehouse facilities.
  • Central and Eastern European countries, experiencing economic growth, show a rising demand for LPG forklifts in sectors like agriculture, food processing, and logistics.
  • European LPG forklifts are equipped with advanced safety features, making them suitable for various working environments, including indoor and outdoor applications.
  • LPG forklifts in Europe are known for their energy efficiency, providing a balance between performance and fuel consumption.
  • The European LPG forklift market is diverse, with a wide range of models available to suit different industrial needs, from small indoor operations to large-scale outdoor activities.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Competitive Landscape

Key Players

  • Toyota Material Handling Group
  • Hyster-Yale Materials Handling, Inc.
  • Caterpillar Inc.
  • KION Group AG
  • Nissan Forklift Corporation
  • Mitsubishi Logisnext Co., Ltd.
  • Clark Material Handling Company
  • Jungheinrich AG
  • Doosan Industrial Vehicle Co., Ltd.
  • Komatsu Ltd.

Regional Analysis

In the European LPG forklift market, regional variations reflect distinct economic and industrial landscapes. Western Europe, including Germany, France, and the UK, represents a mature market segment. High industrial activity, strict environmental regulations, and a focus on sustainable operations drive the demand for technologically advanced LPG forklifts. Northern Europe, with countries like Sweden, Norway, and Denmark, emphasizes environmental sustainability, favoring LPG forklifts for their lower emissions and the integration of smart technologies in material handling.

Contrastingly, Southern Europe—Italy, Spain, and Greece—maintains a steady demand for LPG forklifts, influenced by the agricultural and manufacturing sectors and driven by cost-effectiveness. Central Europe, particularly Austria and Switzerland, shows balanced demand across industrial and warehousing needs, with a mix of advanced and standard forklift models. Eastern Europe, including Poland and the Czech Republic, is experiencing a growth spurt in its market, fueled by economic development in logistics and agriculture, although it remains price-sensitive. Southeastern Europe, with emerging markets like Romania and Bulgaria, is experiencing an uptick in industrial activity, leading to a growing adoption of LPG forklifts, supported by infrastructural development and the expansion of the logistics sector.

Segmentation

  • By Product Type:
    • Counterbalance Forklifts
    • Pallet Trucks
    • Rough Terrain Forklifts
    • Others
  • By load capacity:
    • Light Duty (Below 5 tons):
    • Medium Duty (5 to 15 tons)
    • Heavy Duty (above 15 tons)
  • By Application:
    • Warehousing .
    • Manufacturing
    • Construction
    • Retail and wholesale
    • Others
  • By End-Use Industry:
  • Manufacturing
  • Warehousing
  • Logistics and Distribution

Table of Content

Chapter No. 1 :………. Introduction.. 18

1.1.      Report Description. 18

1.1.1.    Purpose of the Report 18

1.1.2.    USP & Key Offerings. 18

1.2.      Key Benefits for Stakeholders. 18

1.3.      Target Audience. 19

1.4.      Report Scope  20

Chapter No. 2 :………. Executive Summary. 21

2.1.      LPG Forklift Market Snapshot. 21

2.2.      Europe LPG Forklift Market, 2018 – 2032 (K Units) (USD Million) 23

2.1.      Insights from Primary Respondents. 23

Chapter No. 3 :………. Geopolitical Crisis Impact Analysis. 24

3.1.      Russia-Ukraine and Israel-Palestine War Impacts. 24

3.1.1.    Uncertainty and economic instability. 24

3.1.2.    Supply chain disruptions. 24

3.1.3.    Regional market shifts. 24

3.1.4.    Shift in government priorities. 24

Chapter No. 4 :………. LPG Forklift Market – Industry Analysis. 25

4.1.      Introduction  25

4.2.      Market Drivers  26

4.2.1.    Driving Factor 1 Analysis. 26

4.2.2.    Driving Factor 2 Analysis. 27

4.3.      Market Restraints. 28

4.3.1.    Restraining Factor Analysis. 28

4.4.      Market Opportunities. 29

4.4.1.    Market Opportunity Analysis. 29

4.5.      Porter’s Five Forces Analysis. 30

4.6.      Value Chain Analysis. 31

4.7.      Buying Criteria  32

Chapter No. 5 :………. Import Export Analysis. 33

5.1.      Import Analysis by Region. 33

5.1.1.    Europe LPG Forklift Market Import Volume/Revenue, By Region, 2018 – 2023. 33

5.2.      Export Analysis by Region. 34

5.2.1.    Europe LPG Forklift Market Export Volume/Revenue, By Region, 2018 – 2023. 34

Chapter No. 6 :………. Demand Supply Analysis. 35

6.1.      Demand Analysis by Region. 35

6.1.1.    Europe LPG Forklift Market Demand Volume/Revenue, By Region, 2018 – 2023. 35

6.2.      Supply Analysis by Region. 36

6.2.1.    Europe LPG Forklift Market Supply Volume/Revenue, By Region, 2018 – 2023. 36

Chapter No. 7 :………. Production Analysis. 37

7.1.      Production Analysis by Region. 37

7.1.1.    Europe LPG Forklift Market Production, By Region, 2018 – 2023. 37

Chapter No. 8 :………. Price Analysis. 38

8.1.      Price Analysis by Region. 38

8.1.1.    Europe LPG Forklift Market Price, By Region, 2018 – 2023  38

8.2.      Price Analysis by Type. 39

8.2.1.    Europe LPG Forklift Market Price, By Type, 2018 – 2023  39

8.2.2.    Europe Type Market Price, By Type, 2018 – 2023. 39

Chapter No. 9 :………. Raw Materials Analysis. 40

9.1.      Key Raw Materials and Suppliers. 40

9.2.      Key Raw Materials Price Trend. 40

Chapter No. 10 :…….. Manufacturing Cost Analysis. 41

10.1.    Manufacturing Cost Analysis. 41

10.1.1.  Manufacturing Cost Analysis. 41

10.2.    Manufacturing Process. 41

10.2.1.  Manufacturing Process. 41

Chapter No. 11 :…….. Analysis Competitive Landscape. 42

11.1.    Company Market Share Analysis – 2023. 42

11.1.1.  Europe LPG Forklift Market: Company Market Share, by Volume, 2023. 42

11.1.2.  Europe LPG Forklift Market: Company Market Share, by Revenue, 2023. 42

11.1.3.  Europe LPG Forklift Market: Top 6 Company Market Share, by Revenue, 2023. 43

11.1.4.  Europe LPG Forklift Market: Top 3 Company Market Share, by Revenue, 2023. 43

11.1.    Europe LPG Forklift Market Company Volume Market Share, 2023. 44

11.2.    Europe LPG Forklift Market Company Revenue Market Share, 2023. 45

11.3.    Company Assessment Metrics, 2022. 46

11.3.1.  Stars  46

11.3.2.  Emerging Leaders. 46

11.3.3.  Pervasive Players. 46

11.3.4.  Participants. 46

11.4.    Start-ups /SMEs Assessment Metrics, 2022. 46

11.4.1.  Progressive Companies. 46

11.4.2.  Responsive Companies. 46

11.4.3.  Dynamic Companies. 46

11.4.4.  Starting Blocks. 46

11.5.    Strategic Developments. 47

11.5.1.  Acquisitions & Mergers. 47

11.5.2.  New Product Launch. 47

11.5.3.  Regional Expansion. 47

11.6.    Key Players Product Matrix. 48

Chapter No. 12 :…….. PESTEL & Adjacent Market Analysis. 49

12.1.    PESTEL  49

12.1.1.  Political Factors. 49

12.1.2.  Economic Factors. 49

12.1.3.  Social Factors. 49

12.1.4.  Technological Factors. 49

12.1.5.  Environmental Factors. 49

12.1.6.  Legal Factors. 49

12.2.    Adjacent Market Analysis. 49

Chapter No. 13 :…….. LPG Forklift Market – By Type Segment Analysis. 50

13.1.    LPG Forklift Market Overview, by Type Segment. 50

13.1.1.  LPG Forklift Market Volume Share, By Type, 2023 & 2032  51

13.1.2.  LPG Forklift Market Revenue Share, By Type, 2023 & 2032  51

13.1.3.  LPG Forklift Market Attractiveness Analysis, By Type. 52

13.1.4.  Incremental Revenue Growth Opportunity, by Type, 2024 – 2032. 52

13.1.5.  LPG Forklift Market Revenue, By Type, 2018, 2023, 2027 & 2032. 53

13.2.    Class 1  54

13.3.    lass 2  55

13.4.    Class 3  56

13.5.    Class 4/5  57

Chapter No. 14 :…….. LPG Forklift Market – By Application Segment Analysis. 58

14.1.    LPG Forklift Market Overview, by Application Segment. 58

14.1.1.  LPG Forklift Market Volume Share, By Application, 2023 & 2032. 59

14.1.2.  LPG Forklift Market Revenue Share, By Application, 2023 & 2032. 59

14.1.3.  LPG Forklift Market Attractiveness Analysis, By Application. 60

14.1.4.  Incremental Revenue Growth Opportunity, by Application, 2024 – 2032. 60

14.1.5.  LPG Forklift Market Revenue, By Application, 2018, 2023, 2027 & 2032. 61

14.2.    Counterbalance Forklifts. 62

14.3.    Reach Trucks  63

14.4.    Order Pickers  64

Chapter No. 15 :…….. LPG Forklift Market – By End-user Segment Analysis. 65

15.1.    LPG Forklift Market Overview, by End-user Segment. 65

15.1.1.  LPG Forklift Market Volume Share, By End-user, 2023 & 2032. 66

15.1.2.  LPG Forklift Market Revenue Share, By End-user, 2023 & 2032. 66

15.1.3.  LPG Forklift Market Attractiveness Analysis, By End-user  67

15.1.4.  Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032. 67

15.1.5.  LPG Forklift Market Revenue, By End-user, 2018, 2023, 2027 & 2032. 68

15.2.    Manufacturing  69

15.3.    Warehousing  70

15.4.    Logistics and Distribution. 71

Chapter No. 16 :…….. LPG Forklift Market – By Capacity Segment Analysis. 72

16.1.    LPG Forklift Market Overview, by Capacity Segment. 72

16.1.1.  LPG Forklift Market Volume Share, By Capacity, 2023 & 2032. 73

16.1.2.  LPG Forklift Market Revenue Share, By Capacity, 2023 & 2032. 73

16.1.3.  LPG Forklift Market Attractiveness Analysis, By Capacity. 74

16.1.4.  Incremental Revenue Growth Opportunity, by Capacity, 2024 – 2032. 74

16.1.5.  LPG Forklift Market Revenue, By Capacity, 2018, 2023, 2027 & 2032. 75

16.2.    Small 76

16.3.    Medium    77

16.4.    Large  78

Chapter No. 17 :…….. LPG Forklift Market – Regional Analysis. 79

17.1.    LPG Forklift Market Overview, by Regional Segments. 79

17.2.    Region  80

17.2.1.  Europe LPG Forklift Market Volume Share, By Region, 2023 & 2032. 80

17.2.2.  Europe LPG Forklift Market Revenue Share, By Region, 2023 & 2032. 80

17.2.3.  LPG Forklift Market Attractiveness Analysis, By Region  81

17.2.4.  Incremental Revenue Growth Opportunity, by Region, 2024 – 2032. 81

17.2.5.  LPG Forklift Market Revenue, By Region, 2018, 2023, 2027 & 2032. 82

17.3.    Type  83

17.3.1.  Europe LPG Forklift Market Volume & Revenue, By Type, 2018 – 2023 (K Units) (USD Million) 83

17.3.2.  Europe LPG Forklift Market Volume & Revenue, By Type, 2024 – 2032 (K Units) (USD Million) 83

17.4.    Application  84

17.4.1.  Europe LPG Forklift Market Volume & Revenue, By Application, 2018 – 2023 (K Units) (USD Million) 84

17.4.2.  Europe LPG Forklift Market Volume & Revenue, By Application, 2024 – 2032 (K Units) (USD Million) 84

17.5.    End-user  85

17.5.1.  Europe LPG Forklift Market Volume & Revenue, By End-user, 2018 – 2023 (K Units) (USD Million) 85

17.5.2.  Europe LPG Forklift Market Volume & Revenue, By End-user, 2024 – 2032 (K Units) (USD Million) 85

17.6.    Capacity  86

17.6.1.  Europe LPG Forklift Market Volume & Revenue, By Capacity, 2018 – 2023 (K Units) (USD Million) 86

17.6.2.  Europe LPG Forklift Market Volume & Revenue, By Capacity, 2024 – 2032 (K Units) (USD Million) 86

Chapter No. 18 :…….. LPG Forklift Market – Europe. 87

18.1.    Europe  87

18.1.    Key Highlights  87

18.1.1.  Europe LPG Forklift Market Volume, By Country, 2018 – 2023 (K Units) 88

18.1.2.  Europe LPG Forklift Market Revenue, By Country, 2018 – 2023 (USD Million) 89

18.1.3.  Europe LPG Forklift Market Volume, By Type, 2018 – 2023 (K Units) 90

18.1.4.  Europe LPG Forklift Market Revenue, By Type, 2018 – 2023 (USD Million) 91

18.1.5.  Europe LPG Forklift Market Volume, By Application, 2018 – 2023 (K Units) 92

18.1.6.  Europe LPG Forklift Market Revenue, By Application, 2018 – 2023 (USD Million) 93

18.1.7.  Europe LPG Forklift Market Volume, By End-user, 2018 – 2023 (K Units) 94

18.1.8.  Europe LPG Forklift Market Revenue, By End-user, 2018 – 2023 (USD Million) 95

18.1.9.  Europe LPG Forklift Market Volume, By Capacity, 2018 – 2023 (K Units) 96

18.1.10.            Europe LPG Forklift Market Revenue, By Capacity, 2018 – 2023 (USD Million) 97

18.1.11.            UK. 98

18.1.12.            France. 98

18.1.13.            Germany. 98

18.1.14.            Italy. 98

18.1.15.            Spain. 98

18.1.16.            Russia. 98

18.1.17.            BENELUX. 98

18.1.18.            Sweden. 98

18.1.19.            Denmark. 98

18.1.20.            Poland. 98

18.1.21.            Austria. 98

18.1.22.            Rest of Europe. 98

Chapter No. 19 :…….. Company Profiles. 99

19.1.    Toyota Material Handling Group. 99

19.1.1.  Company Overview.. 99

19.1.2.  Product Portfolio. 99

19.1.3.  Swot Analysis. 99

19.1.4.  Business Strategy. 100

19.1.5.  Financial Overview.. 100

19.2.    Hyster-Yale Materials Handling, Inc. 101

19.3.    Caterpillar Inc. 101

19.4.    KION Group AG   101

19.5.    Nissan Forklift Corporation. 101

19.6.    Mitsubishi Logisnext Co., Ltd. 101

19.7.    Clark Material Handling Company. 101

19.8.    Jungheinrich AG   101

19.9.    Doosan Industrial Vehicle Co., Ltd. 101

19.10. Komatsu Ltd. 101

Chapter No. 20 :…….. Research Methodology. 102

20.1.    Research Methodology. 102

20.2.    Phase I – Secondary Research. 103

20.3.    Phase II – Data Modeling. 103

20.3.1.  Company Share Analysis Model 104

20.3.2.  Revenue Based Modeling. 104

20.4.    Phase III – Primary Research. 105

20.5.    Research Limitations. 106

20.5.1.  Assumptions. 106

List of Figures

FIG NO. 1……….. Europe LPG Forklift Market Volume & Revenue, 2018 – 2032 (K Units) (USD Million) 27

FIG NO. 2……….. Porter’s Five Forces Analysis for Europe LPG Forklift Market 34

FIG NO. 3……….. Value Chain Analysis for Europe LPG Forklift Market 35

FIG NO. 4……….. Europe LPG Forklift Market Import Volume/Revenue, By Region, 2018 – 2023. 37

FIG NO. 5……….. Europe LPG Forklift Market Export Volume/Revenue, By Region, 2018 – 2023. 38

FIG NO. 6……….. Europe LPG Forklift Market Demand Volume/Revenue, By Region, 2018 – 2023. 39

FIG NO. 7……….. Europe LPG Forklift Market Supply Volume/Revenue, By Region, 2018 – 2023. 40

FIG NO. 8……….. Europe LPG Forklift Market Production, By Region, 2018 – 2023. 41

FIG NO. 9……….. Europe LPG Forklift Market Price, By Region, 2018 – 2023. 42

FIG NO. 10……… Europe LPG Forklift Market Price, By Type, 2018 – 2023. 43

FIG NO. 11……… Raw Materials Price Trend Analysis, 2018 – 2023. 44

FIG NO. 12……… Manufacturing Cost Analysis. 45

FIG NO. 13……… Manufacturing Process. 45

FIG NO. 14……… Company Share Analysis, 2023. 46

FIG NO. 15……… Company Share Analysis, 2023. 46

FIG NO. 16……… Company Share Analysis, 2023. 47

FIG NO. 17……… Company Share Analysis, 2023. 47

FIG NO. 18……… LPG Forklift Market – Company Volume  Market Share, 2023. 48

FIG NO. 19……… LPG Forklift Market – Company Revenue Market Share, 2023. 49

FIG NO. 20……… LPG Forklift Market Volume Share, By Type, 2023 & 2032. 55

FIG NO. 21……… LPG Forklift Market Revenue Share, By Type, 2023 & 2032. 55

FIG NO. 22……… Market Attractiveness Analysis, By Type. 56

FIG NO. 23……… Incremental Revenue Growth Opportunity by Type, 2024 – 2032. 56

FIG NO. 24……… LPG Forklift Market Revenue, By Type, 2018, 2023, 2027 & 2032. 57

FIG NO. 25……… Europe LPG Forklift Market for Class 1, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 58

FIG NO. 26……… Europe LPG Forklift Market for Class 2, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 59

FIG NO. 27……… Europe LPG Forklift Market for Class 3, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 60

FIG NO. 28……… Europe LPG Forklift Market for Class 4/5, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 61

FIG NO. 29……… LPG Forklift Market Volume Share, By Application, 2023 & 2032. 63

FIG NO. 30……… LPG Forklift Market Revenue Share, By Application, 2023 & 2032. 63

FIG NO. 31……… Market Attractiveness Analysis, By Application. 64

FIG NO. 32……… Incremental Revenue Growth Opportunity by Application, 2024 – 2032. 64

FIG NO. 33……… LPG Forklift Market Revenue, By Application, 2018, 2023, 2027 & 2032. 65

FIG NO. 34……… Europe LPG Forklift Market for Counterbalance Forklifts, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 66

FIG NO. 35……… Europe LPG Forklift Market for Reach Trucks, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 67

FIG NO. 36……… Europe LPG Forklift Market for Order Pickers, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 68

FIG NO. 37……… LPG Forklift Market Volume Share, By End-user, 2023 & 2032. 70

FIG NO. 38……… LPG Forklift Market Revenue Share, By End-user, 2023 & 2032. 70

FIG NO. 39……… Market Attractiveness Analysis, By End-user 71

FIG NO. 40……… Incremental Revenue Growth Opportunity by End-user, 2024 – 2032. 71

FIG NO. 41……… LPG Forklift Market Revenue, By End-user, 2018, 2023, 2027 & 2032. 72

FIG NO. 42……… Europe LPG Forklift Market for Manufacturing, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 73

FIG NO. 43……… Europe LPG Forklift Market for Warehousing, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 74

FIG NO. 44……… Europe LPG Forklift Market for Logistics and Distribution, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 75

FIG NO. 45……… LPG Forklift Market Volume Share, By Capacity, 2023 & 2032. 77

FIG NO. 46……… LPG Forklift Market Revenue Share, By Capacity, 2023 & 2032. 77

FIG NO. 47……… Market Attractiveness Analysis, By Capacity. 78

FIG NO. 48……… Incremental Revenue Growth Opportunity by Capacity, 2024 – 2032. 78

FIG NO. 49……… LPG Forklift Market Revenue, By Capacity, 2018, 2023, 2027 & 2032. 79

FIG NO. 50……… Europe LPG Forklift Market for Small, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 80

FIG NO. 51……… Europe LPG Forklift Market for Medium, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 81

FIG NO. 52……… Europe LPG Forklift Market for Large, Volume & Revenue (K Units) (USD Million) 2018 – 2032. 82

FIG NO. 53……… Europe LPG Forklift Market Volume Share, By Region, 2023 & 2032. 84

FIG NO. 54……… Europe LPG Forklift Market Revenue Share, By Region, 2023 & 2032. 84

FIG NO. 55……… Market Attractiveness Analysis, By Region. 85

FIG NO. 56……… Incremental Revenue Growth Opportunity by Region, 2024 – 2032. 85

FIG NO. 57……… LPG Forklift Market Revenue, By Region, 2018, 2023, 2027 & 2032. 86

FIG NO. 58……… Europe LPG Forklift Market Volume & Revenue, 2018 – 2023 (K Units) (USD Million) 91

FIG NO. 59……… Research Methodology – Detailed View.. 106

FIG NO. 60……… Research Methodology. 107

 

List of Tables

TABLE NO. 1. :…. Europe LPG Forklift Market: Snapshot 22

TABLE NO. 2. :…. Drivers for the LPG Forklift Market: Impact Analysis. 27

TABLE NO. 3. :…. Restraints for the LPG Forklift Market: Impact Analysis. 29

TABLE NO. 4. :…. Europe LPG Forklift Market Volume & Revenue, By Type, 2018 – 2023. 40

TABLE NO. 5. :…. Key Raw Materials & Suppliers. 41

TABLE NO. 6. :…. Europe LPG Forklift Market Volume & Revenue, By Type, 2018 – 2023 (K Units) (USD Million) 84

TABLE NO. 7. :…. Europe LPG Forklift Market Volume & Revenue, By Type, 2024 – 2032 (K Units) (USD Million) 84

TABLE NO. 8. :…. Europe LPG Forklift Market Volume & Revenue, By Application, 2018 – 2023 (K Units) (USD Million) 85

TABLE NO. 9. :…. Europe LPG Forklift Market Volume & Revenue, By Application, 2024 – 2032 (K Units) (USD Million) 85

TABLE NO. 10. :.. Europe LPG Forklift Market Volume & Revenue, By End-user, 2018 – 2023 (K Units) (USD Million) 86

TABLE NO. 11. :.. Europe LPG Forklift Market Volume & Revenue, By End-user, 2024 – 2032 (K Units) (USD Million) 86

TABLE NO. 12. :.. Europe LPG Forklift Market Volume & Revenue, By Capacity, 2018 – 2023 (K Units) (USD Million) 87

TABLE NO. 13. :.. Europe LPG Forklift Market Volume & Revenue, By Capacity, 2024 – 2032 (K Units) (USD Million) 87

TABLE NO. 14. :.. Europe LPG Forklift Market Volume, By Country, 2018 – 2023 (K Units) 89

TABLE NO. 15. :.. Europe LPG Forklift Market Volume, By Country, 2024 – 2032 (K Units) 89

TABLE NO. 16. :.. Europe LPG Forklift Market Revenue, By Country, 2018 – 2023 (USD Million) 90

TABLE NO. 17. :.. Europe LPG Forklift Market Revenue, By Country, 2024 – 2032 (USD Million) 90

TABLE NO. 18. :.. Europe LPG Forklift Market Volume, By Type, 2018 – 2023 (K Units) 91

TABLE NO. 19. :.. Europe LPG Forklift Market Volume, By Type, 2024 – 2032 (K Units) 91

TABLE NO. 20. :.. Europe LPG Forklift Market Revenue, By Type, 2018 – 2023 (USD Million) 92

TABLE NO. 21. :.. Europe LPG Forklift Market Revenue, By Type, 2024 – 2032 (USD Million) 92

TABLE NO. 22. :.. Europe LPG Forklift Market Volume, By Application, 2018 – 2023 (K Units) 93

TABLE NO. 23. :.. Europe LPG Forklift Market Volume, By Application, 2024 – 2032 (K Units) 93

TABLE NO. 24. :.. Europe LPG Forklift Market Revenue, By Application, 2018 – 2023 (USD Million) 94

TABLE NO. 25. :.. Europe LPG Forklift Market Revenue, By Application, 2024 – 2032 (USD Million) 94

TABLE NO. 26. :.. Europe LPG Forklift Market Volume, By End-user, 2018 – 2023 (K Units) 95

TABLE NO. 27. :.. Europe LPG Forklift Market Volume, By End-user, 2024 – 2032 (K Units) 95

TABLE NO. 28. :.. Europe LPG Forklift Market Revenue, By End-user, 2018 – 2023 (USD Million) 96

TABLE NO. 29. :.. Europe LPG Forklift Market Revenue, By End-user, 2024 – 2032 (USD Million) 96

TABLE NO. 30. :.. Europe LPG Forklift Market Volume, By Capacity, 2018 – 2023 (K Units) 97

TABLE NO. 31. :.. Europe LPG Forklift Market Volume, By Capacity, 2024 – 2032 (K Units) 97

TABLE NO. 32. :.. Europe LPG Forklift Market Revenue, By Capacity, 2018 – 2023 (USD Million) 98

TABLE NO. 33. : Europe LPG Forklift Market Revenue, By Capacity, 2024 – 2032 (USD Million) 98

What is the estimated value of the European LPG forklift market in 2023?

    The European LPG forklift market is estimated to be valued at over $5,241.73 million as of 2023. This figure reflects the market’s significant size and its importance in the material handling industry across Europe.

    What growth rate is expected for the European LPG forklift market, and what will its value be by 2032?

    The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.73%, reaching an estimated value of around $9,420.05 million by 2032. This growth is indicative of the increasing adoption of LPG forklifts and the expanding warehousing and logistics sectors in Europe.

    What are the driving factors behind the growth of the European LPG forklift market?

    The growth of the European LPG forklift market is driven by several factors, including technological advancements in forklift design and functionality, the shift towards environmentally sustainable practices in material handling, and the evolving requirements of industries like warehousing, logistics, and manufacturing.

    How is the European LPG forklift market adapting to environmental concerns?

    The market is increasingly focusing on LPG forklifts due to their lower emissions compared to diesel models, aligning with Europe’s stringent environmental regulations. Additionally, advancements in technology are enabling LPG forklifts to be more fuel-efficient and environmentally friendly, further addressing ecological concerns.

    Refuse-Derived Fuel (RDF) Market

    Published:
    Report ID: 9325

    Automotive DC-DC Converter Market

    Published:
    Report ID: 33410

    U.S. Electric Vehicle (EV) Charging Station Market

    Published:
    Report ID: 33310

    Maritime Safety System Market

    Published:
    Report ID: 33290

    Canada Tire Market

    Published:
    Report ID: 33252

    Automotive Test Equipment Market

    Published:
    Report ID: 1680

    Bearings Market

    Published:
    Report ID: 2721

    Cargo Handling Equipment Market

    Published:
    Report ID: 2731

    Electric Vehicles Market

    Published:
    Report ID: 5328

    China New Energy Vehicle (NEV) Taxi Market

    Published:
    Report ID: 3906

    Japan Tire Market

    Published:
    Report ID: 32634

    LPG Forklift Market

    Published:
    Report ID: 32082

    Purchase Options

    $999
    Delivery Format: Excel.
    $1999
    Designed for the individual purchaser.
    $2999
    Users located at a single corporate site or regional office.
    $3999
    Allowed for unlimited sharing globally within one company.
    Smallform of Sample request

    Have a question?

    User Profile

    Don’t settle for less – trust Mitul to help you find the best solution.

    Report delivery within 24 to 48 hours

    – Other Info –

    What people say?-

    User Review

    I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

    Jana Schmidt
    CEDAR CX Technologies

    – Connect with us –

    Phone

    +91 6232 49 3207


    support

    24/7 Research Support


    sales@credenceresearch.com

    – Research Methodology –

    Going beyond the basics: advanced techniques in research methodology

    – Trusted By –

    Pepshi, LG, Nestle
    Motorola, Honeywell, Johnson and johnson
    LG Chem, SIEMENS, Pfizer
    Unilever, Samsonite, QIAGEN