Expanding India Forklift Market Driven by Construction Growth Through 2030

The India Forklift Market, valued at USD 6.77 Bn. in 2023, is projected to grow to USD 15.93 Bn. by 2030, at a compound annual growth rate (CAGR) of 13% during the forecast period.

India Forklift Market Overview and Methodology

The report aims to estimate the size of the India Forklift Market across various segments and regions, with projections spanning several years. It delves into the key factors influencing market growth, including drivers, challenges, and opportunities, while providing a detailed competitive analysis. Stakeholders are offered valuable insights to capitalize on growth opportunities within the industry.

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Regional Insights on the India Forklift Market

The market is analyzed comprehensively across key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This analysis includes factors like market size, growth rate, and import-export dynamics for each region.

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India Forklift Market Segmentation

by Lift Capacity

Below 5 tons
5-10 tons
10-20 tons
Above 20 tons

by Fuel Type

Electric
Internal Combustion Engine (Diesel, LPG/CNG, gasoline)

by Application

Indoor
Outdoor

by End Use Industries

Manufacturing (automotive, electronics, textiles, etc.)
Chemical
Food & beverage
Warehousing & Logistics
Construction
Agriculture
Retail & Wholesale
Others

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Leading Companies in the India Forklift Market

1. Godrej Group
2. Voltas
3. Toyota Material Handling
4. KION India
5. Komatsu India
6. Hyundai Construction Equipment India
7. JCB India
8. Doosan Industrial Vehicle India
9. Action Construction Equipment Ltd.
10. SANY India

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