Spain Electric Forklift Market Size & Outlook, 2023-2030

The electric forklift market in Spain is expected to reach a projected revenue of US$ 1,415.0 million by 2030. A compound annual growth rate of 9.8% is expected of Spain electric forklift market from 2024 to 2030.
Revenue, 2023 (US$M)
$735.5
Forecast, 2030 (US$M)
$1,415.0
CAGR, 2024 - 2030
9.8%
Report Coverage
Spain

Spain electric forklift market highlights

  • The Spain electric forklift market generated a revenue of USD 735.5 million in 2023 and is expected to reach USD 1,415.0 million by 2030.
  • The Spain market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
  • In terms of segment, li-ion was the largest revenue generating battery type in 2023.
  • Li-ion is the most lucrative battery type segment registering the fastest growth during the forecast period.


Electric forklift market data book summary

Market revenue in 2023USD 735.5 million
Market revenue in 2030USD 1,415.0 million
Growth rate9.8% (CAGR from 2023 to 2030)
Largest segmentLi-ion
Fastest growing segmentLi-ion
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLi-ion, Lead Acid, Hydrogen
Key market players worldwideAnhui Heli, CLARK Material Handling Company, Doosan Corporation Electro-Materials, Hangcha Forklift America, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, KION GROUP AG, Komatsu Ltd, Mitsubishi Corp, Toyota Motor Corp


Other key industry trends

  • In terms of revenue, Spain accounted for 1.6% of the global electric forklift market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany electric forklift market is projected to lead the regional market in terms of revenue in 2030.
  • UK is the fastest growing regional market in Europe and is projected to reach USD 13,146.2 million by 2030.

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Electric Forklift Market Companies

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Spain electric forklift market size, by battery type, 2018-2030 (US$M)

Spain Electric Forklift Market Outlook Share, 2023 & 2030 (US$M)

Spain electric forklift market size, by battery type, 2018-2030 (US$M)

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