Spain Forklift Market Size & Outlook, 2024-2030
Spain forklift market, 2018-2030 (US$M)
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Spain forklift market highlights
- The Spain forklift market generated a revenue of USD 962.9 million in 2024 and is expected to reach USD 1,711.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 10.1% from 2025 to 2030.
- In terms of segment, electric was the largest revenue generating power source in 2024.
- Electric is the most lucrative power source segment registering the fastest growth during the forecast period.
Forklift market data book summary
| Market revenue in 2024 | USD 962.9 million |
| Market revenue in 2030 | USD 1,711.3 million |
| Growth rate | 10.1% (CAGR from 2024 to 2030) |
| Largest segment | Electric |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Internal Combustion, Electric |
| Key market players worldwide | Doosan Heavy Industries & Construction, Crown Holdings Inc, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, KION GROUP AG, Komatsu Ltd, Mitsubishi Corp, Toyota Motor Corp, Anhui Heli, Hangcha Forklift America |
Other key industry trends
- In terms of revenue, Spain accounted for 1.3% of the global forklift market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany 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 14,186.3 million by 2030.
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Forklift Market Scope
Forklift Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain forklift market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to forklift market will help companies and investors design strategic landscapes.
Electric was the largest segment with a revenue share of 82.15% in 2024. Horizon Databook has segmented the Spain forklift market based on internal combustion, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Spain's urban centers, especially in logistics hubs and warehousing facilities, have experienced rapid growth. Forklifts are preferred for indoor applications owing to stricter emission regulations within city limits.
Their zero-emission nature ensures compliance with local regulations and enhances workplace safety and air quality for employees. Several key players in Spain are developing forklifts to enhance their market competitiveness and establish industry leadership.
For instance, in March 2023, Fusion Fuel partnered with Toyota Material Handling Espana, S.A. (TMHES), a material handling equipment supplier. For the selection of forklift products Fusion Fuel intends to provide fully financed solutions that incorporate TMHES's operational rental and leasing solutions with hydrogen-as-a-service.
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Our clientele includes a mix of forklift market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain forklift market , including forecasts for subscribers. This country databook contains high-level insights into Spain forklift market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain forklift market size, by power source, 2018-2030 (US$M)
Spain Forklift Market Outlook Share, 2024 & 2030 (US$M)
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