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Mar 17, 2025

Middle East's Non-Electric Fork-Lift Truck Market to Witness Moderate Growth with CAGR of +2.0% - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Middle East - Self-Propelled Trucks Fitted With Lifting

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IndexBox has just published a new report: Middle East - Self-Propelled Trucks Fitted With Lifting Or Handling Equipment, Non-Powered By An Electric Motor - Market Analysis, Forecast, Size, Trends And Insights.

The Middle East non-electric fork-lift truck market is set to experience a steady growth in demand over the next decade. With a forecasted increase in both volume and value, the market is projected to reach significant milestones by 2035.

Driven by rising demand for self-propelled non-electric fork-lift truck in the Middle East, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market volume to 43K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market value to $1.2B (in nominal wholesale prices) by the end of 2035.

In 2024, after four years of growth, there was significant decline in consumption of self-propelled fork-lift trucks with non-electric motor, when its volume decreased by -5.1% to 35K units. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume of 36K units, and then dropped in the following year.

The size of the self-propelled non-electric fork-lift truck market in the Middle East expanded remarkably to $1.2B in 2024, with an increase of 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a noticeable expansion from 2013 to 2024: its value increased at an average annual rate of +2.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +118.7% against 2019 indices. The level of consumption peaked in 2024 and is likely to see gradual growth in the immediate term.

The countries with the highest volumes of consumption in 2024 were Turkey (10K units), Saudi Arabia (10K units) and the United Arab Emirates (6.7K units), with a combined 79% share of total consumption.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the United Arab Emirates (with a CAGR of +8.2%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($425M), Turkey ($370M) and the United Arab Emirates ($151M) constituted the countries with the highest levels of market value in 2024, with a combined 81% share of the total market.

In terms of the main consuming countries, Saudi Arabia, with a CAGR of +6.3%, saw the highest growth rate of market size over the period under review, while market for the other leaders experienced more modest paces of growth.

In 2024, the highest levels of self-propelled non-electric fork-lift truck per capita consumption was registered in the United Arab Emirates (657 units per million persons), followed by Qatar (308 units per million persons), Saudi Arabia (272 units per million persons) and Israel (149 units per million persons), while the world average per capita consumption of self-propelled non-electric fork-lift truck was estimated at 94 units per million persons.

In the United Arab Emirates, self-propelled non-electric fork-lift truck per capita consumption increased at an average annual rate of +7.1% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Qatar (-1.9% per year) and Saudi Arabia (+1.3% per year).

Self-propelled non-electric fork-lift truck production declined to 6.5K units in 2024, dropping by -2.7% on the previous year. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20,542% against the previous year. As a result, production attained the peak volume of 1.2M units. From 2021 to 2024, production growth remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck production totaled $156M in 2024 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 16,574%. As a result, production reached the peak level of $25.2B. From 2021 to 2024, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2024 were Saudi Arabia (3K units), Yemen (2K units) and Turkey (1.1K units), together comprising 95% of total production. Kuwait lagged somewhat behind, accounting for a further 5.3%.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Kuwait (with a CAGR of +29.0%), while production for the other leaders experienced more modest paces of growth.

After four years of growth, purchases abroad of self-propelled fork-lift trucks with non-electric motor decreased by -6.2% to 30K units in 2024. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2023 with an increase of 38%. As a result, imports reached the peak of 32K units, and then contracted in the following year.

In value terms, self-propelled non-electric fork-lift truck imports soared to $1B in 2024. Overall, imports, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2022 when imports increased by 32%. The level of import peaked in 2024 and is expected to retain growth in the near future.

Turkey (10K units), the United Arab Emirates (7.4K units) and Saudi Arabia (7.1K units) represented roughly 82% of total imports in 2024. Israel (1.5K units) ranks next in terms of the total imports with a 5% share, followed by Iraq (4.8%). Qatar (953 units) held a minor share of total imports.

From 2013 to 2024, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +7.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled non-electric fork-lift truck importing markets in the Middle East were Turkey ($407M), Saudi Arabia ($317M) and the United Arab Emirates ($154M), together comprising 85% of total imports.

Among the main importing countries, Turkey, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, the import price in the Middle East amounted to $35 thousand per unit, rising by 28% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2014 an increase of 29%. The level of import peaked in 2024 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Saudi Arabia ($45 thousand per unit), while Iraq ($15 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Turkey (+5.0%), while the other leaders experienced more modest paces of growth.

In 2024, self-propelled non-electric fork-lift truck exports in the Middle East contracted dramatically to 1.5K units, declining by -16.3% against the previous year's figure. Over the period under review, exports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2020 with an increase of 72,739%. As a result, the exports attained the peak of 1.2M units. From 2021 to 2024, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck exports shrank slightly to $48M in 2024. Total exports indicated a pronounced increase from 2013 to 2024: its value increased at an average annual rate of +2.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +107.2% against 2020 indices. The most prominent rate of growth was recorded in 2023 with an increase of 64% against the previous year. As a result, the exports attained the peak of $50M, and then contracted in the following year.

The United Arab Emirates (694 units) and Turkey (631 units) dominates exports structure, together comprising 86% of total exports. Bahrain (58 units), Saudi Arabia (47 units), Jordan (42 units) and Israel (26 units) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for Israel (with a CAGR of +14.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($31M) remains the largest self-propelled non-electric fork-lift truck supplier in the Middle East, comprising 65% of total exports. The second position in the ranking was held by the United Arab Emirates ($6.9M), with a 14% share of total exports. It was followed by Bahrain, with a 5.3% share.

From 2013 to 2024, the average annual rate of growth in terms of value in Turkey amounted to +8.4%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-8.1% per year) and Bahrain (+10.4% per year).

In 2024, the export price in the Middle East amounted to $31 thousand per unit, jumping by 15% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 91,560% against the previous year. The level of export peaked at $31 thousand per unit in 2014; however, from 2015 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Saudi Arabia ($52 thousand per unit), while the United Arab Emirates ($10 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Israel (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for self-propelled non-electric fork-lift truck in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles