Summary

KEY FINDINGS
The Saudi Arabia material handling vehicles market size is valued at $0.603 billion as of 2025 and is expected to reach $0.899 billion by 2032, progressing with a CAGR of 5.87% during the forecasted years, 2025-2032.
Saudi Arabia’s material handling vehicles market is undergoing a notable transformation as the Kingdom pursues its ambitious economic diversification strategy. Vision 2030, in addition to representing a policy document, is fundamentally reshaping how the nation’s economy functions by systematically reducing oil dependency while building robust manufacturing, logistics, and retail sectors. Mega-projects like NEOM, The Red Sea Project, and Qiddiya are also creating massive, sustained demand for construction and logistics equipment that will continue for years. In this regard, the Public Investment Fund channels billions of dollars into industrial infrastructure, free trade zones, and smart city developments, each requiring advanced material handling capabilities to function effectively.

MARKET INSIGHTS
E-commerce is experiencing rapid growth as digital transformation initiatives improve internet connectivity and modernize payment infrastructure across the Kingdom. Retail sector expansion follows naturally from rising consumer spending power, driven largely by demographic shifts toward younger populations who embrace modern shopping experiences and online purchasing habits.
Foreign direct investment continues to flow into the country as regulatory reforms successfully attract international companies establishing regional operations and manufacturing bases. Meanwhile, port expansions at Jeddah, Dammam, and King Abdullah Economic City enhance trade capabilities and logistics efficiency, positioning Saudi Arabia as a regional distribution hub connecting Asia, Europe, and Africa.
Despite diversification efforts, the oil and gas industries remain significant demand drivers for heavy-duty material handling equipment serving refineries and petrochemical facilities throughout the Eastern Province. Manufacturing diversification efforts are actively promoting the establishment of automotive assembly, pharmaceuticals, food processing, and consumer goods production facilities across multiple industrial cities.
Warehouse construction is also surging in major urban centers as retailers and logistics providers race to build modern distribution networks capable of supporting the Kingdom’s evolving consumer economy. However, extreme climate conditions present genuine challenges, necessitating equipment specifically engineered to operate reliably in temperatures exceeding 50°C and persistently dusty desert environments.
Local manufacturing capacity remains quite limited at present, creating inevitable dependency on imported equipment and technology from international suppliers. Skilled workforce development initiatives are addressing operator and technician shortages that currently affect equipment adoption rates, though building this expertise takes time and sustained investment. The Saudi market consequently offers substantial growth opportunities for vendors willing to provide not just robust equipment, but comprehensive training programs and reliable after-sales support networks specifically tailored to regional requirements and operating conditions.
Renting has emerged as the preferred ownership model in Saudi Arabia’s material handling vehicles market, particularly among project-based operations that dominate the current economic landscape. Construction projects, temporary facilities, and seasonal operations naturally favor rental arrangements over capital-intensive equipment purchases that tie up precious financial resources.
Short-term rental flexibility enables companies to scale equipment fleets dynamically according to project timelines and workload fluctuations without bearing long-term asset ownership risks. International contractors executing Vision 2030 mega-projects especially value immediate equipment access without the long-term ownership commitments that would leave them with idle assets once projects are complete.
Rental arrangements elegantly eliminate maintenance responsibilities and asset disposal concerns when projects conclude, allowing companies to focus resources on core construction and operational activities. Equipment rental companies have recognized this opportunity, establishing operations throughout the Kingdom and building diverse fleet inventories spanning multiple vehicle types and capacity options. Project-based demand patterns make purchasing economically inefficient for operations facing uncertain long-term equipment requirements, since capital sits unused between projects.

SEGMENTATION ANALYSIS
The Saudi Arabia material handling vehicles market is segmented into vehicle type, application, power source, and ownership model. The application segment is further categorized into manufacturing (durable and non-durable), third-party logistics (3PL), e-commerce, general merchandise, food & beverage, and other applications.
Food & beverage application emerges as a rapidly growing segment in Saudi Arabia’s material handling vehicles market. Population growth and rising living standards increase demand for processed foods, beverages, and imported grocery products. Modern retail chains, including Carrefour, Lulu Hypermarket, and Danube, expand operations across cities, requiring sophisticated distribution capabilities.
Cold chain infrastructure development accelerates to support fresh produce, dairy products, and frozen food distribution throughout the Kingdom. Additionally, food processing facilities require specialized material handling equipment meeting hygiene standards and temperature control requirements. Halal certification requirements influence equipment specifications and handling procedures for meat and poultry processing operations.
Beverage manufacturers and bottling plants utilize material handling systems for raw material storage, production line support, and finished goods warehousing. Heavy load capacities become necessary for handling bulk ingredients, packaging materials, and palletized finished products. Furthermore, food safety regulations mandate equipment cleanliness and contamination prevention measures throughout handling processes. Temperature-controlled warehouses demand forklifts and pallet jacks capable of operating efficiently in refrigerated environments.
Export-oriented food processing operations require compliance with international standards, influencing equipment selection criteria. Vendors offering stainless steel construction options, washdown capabilities, and temperature-resistant components address food & beverage sector requirements. Investment opportunities exist in cold storage automation and specialized equipment serving the expanding food distribution infrastructure supporting Saudi Arabia’s growing population and tourism ambitions.

COMPETITIVE INSIGHTS
Some of the top players operating in the Saudi Arabia material handling vehicles market include Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling Inc, etc.
Hyster-Yale Materials Handling Inc maintains a strong presence in Saudi Arabia’s material handling vehicles market through established distributor networks and industry reputation. Headquartered in Cleveland, Ohio, United States, the company operates as a leading global manufacturer of lift trucks and material handling equipment. Hyster-Yale’s brand portfolio includes Hyster and Yale forklift lines serving diverse industrial applications and customer segments.
The company specializes in internal combustion forklifts, electric forklifts, warehouse trucks, and container handlers designed for demanding operational environments. Hyster brand equipment emphasizes rugged construction and high-capacity capabilities suitable for heavy industrial applications in oil, gas, and construction sectors. The Yale brand focuses on warehouse applications with emphasis on operator comfort, productivity, and energy efficiency.
Furthermore, Hyster-Yale equipment demonstrates reliability in harsh environmental conditions, including extreme temperatures and dusty atmospheres prevalent throughout the Kingdom. Training programs support skill development for operators and technicians, addressing workforce capability requirements. Flexible financing arrangements through dealer networks facilitate equipment acquisition for businesses across size categories and ownership preference models.

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Table of Contents

1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & FORECAST
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
2.5.1. SAUDI ARABIA MARKET IS GROWING RAPIDLY DUE TO VISION 2030 DIVERSIFICATION INITIATIVES
2.5.2. OIL AND GAS SECTOR REMAINS A MAJOR END-USER OF HEAVY-DUTY HANDLING EQUIPMENT
2.5.3. INCREASING IMPORT OF FORKLIFTS AND AGVS TO SUPPORT LOGISTICS INFRASTRUCTURE
2.5.4. RISE IN FREE TRADE ZONES AND WAREHOUSE CONSTRUCTION IS DRIVING DEMAND
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. VISION 2030 INITIATIVES PROMOTING INDUSTRIAL AND LOGISTICS SECTORS
3.1.2. GROWTH IN RETAIL AND E-COMMERCE INDUSTRY REQUIRING AUTOMATED SOLUTIONS
3.1.3. RISING FOREIGN INVESTMENTS IN INDUSTRIAL INFRASTRUCTURE
3.1.4. INCREASING DEMAND FOR ENERGY-EFFICIENT AND ELECTRIC HANDLING VEHICLES
3.2. KEY RESTRAINTS
3.2.1. HEAVY DEPENDENCE ON IMPORTED EQUIPMENT AND TECHNOLOGY
3.2.2. HIGH COST OF AUTOMATION AND LOW LOCAL MANUFACTURING CAPACITY
3.2.3. LIMITED AVAILABILITY OF TRAINED OPERATORS AND TECHNICIANS
3.2.4. SLOWER ADOPTION OUTSIDE LARGE-SCALE INDUSTRIAL PROJECTS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. GROWING LEASING AND RENTAL MARKET FOR FORKLIFTS AND AGVS
4.1.2. ADOPTION OF AUTOMATED STORAGE AND RETRIEVAL SYSTEMS IN LOGISTICS HUBS
4.1.3. INCREASING COLLABORATIONS BETWEEN INTERNATIONAL SUPPLIERS AND LOCAL DISTRIBUTORS
4.1.4. SHIFT TOWARD ELECTRIC AND HYDROGEN-BASED MATERIAL HANDLING VEHICLES
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.3.1. GROWTH PROSPECT MAPPING FOR SAUDI ARABIA
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.6.1. RAW MATERIAL AND COMPONENT SUPPLIERS
4.6.2. SUBSYSTEM AND COMPONENT MANUFACTURERS
4.6.3. ORIGINAL EQUIPMENT MANUFACTURERS (OEMS)
4.6.4. SYSTEM INTEGRATORS AND SOLUTION PROVIDERS
4.6.5. DISTRIBUTION AND SALES CHANNELS
4.6.6. END-USERS AND APPLICATION INDUSTRIES
4.6.7. AFTERMARKET SERVICES AND SUPPORT PROVIDERS
4.7. KEY BUYING CRITERIA
4.7.1. RELIABILITY AND DURABILITY OF EQUIPMENT
4.7.2. LOAD CAPACITY AND PERFORMANCE SPECIFICATIONS
4.7.3. AUTOMATION AND TECHNOLOGY INTEGRATION
4.7.4. ENERGY EFFICIENCY AND POWER CONSUMPTION
4.7.5. AFTER-SALES SERVICE AND SUPPORT
4.7.6. EASE OF OPERATION AND OPERATOR TRAINING
4.7.7. FLEXIBILITY AND CUSTOMIZATION OPTIONS
4.7.8. SAFETY AND REGULATORY COMPLIANCE
4.7.9. VENDOR REPUTATION AND CUSTOMER REFERENCES
4.8. REGULATORY FRAMEWORK
5. MATERIAL HANDLING VEHICLES MARKET BY VEHICLE TYPE
5.1. FORKLIFTS
5.1.1. BY LOAD CAPACITY
5.1.1.1. BELOW 5 TONS
5.1.1.2. 5-10 TONS
5.1.1.3. 11-36 TONS
5.1.1.4. ABOVE 36 TONS
5.1.2. BY CLASS
5.1.2.1. CLASS 1
5.1.2.2. CLASS 2
5.1.2.3. CLASS 3
5.1.2.4. CLASS 4/5
5.2. PALLET JACKS
5.3. TOW TRACTORS
5.4. AUTOMATED GUIDED VEHICLES (AGVS)
6. MATERIAL HANDLING VEHICLES MARKET BY APPLICATION
6.1. MANUFACTURING
6.1.1. DURABLE
6.1.2. NON-DURABLE
6.2. THIRD-PARTY LOGISTICS (3PL)
6.3. E-COMMERCE
6.4. GENERAL MERCHANDISE
6.5. FOOD & BEVERAGE
6.6. OTHER APPLICATIONS
7. MATERIAL HANDLING VEHICLES MARKET BY POWER SOURCE
7.1. ELECTRIC
7.1.1. LI-ION
7.1.2. LEAD ACID
7.2. INTERNAL COMBUSTION ENGINE
7.3. HYDROGEN FUEL CELLS
7.4. HYBRID
8. MATERIAL HANDLING VEHICLES MARKET BY OWNERSHIP MODEL
8.1. LEASE
8.2. PURCHASING
8.3. RENTING
8.4. USED EQUIPMENT
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. MERGERS & ACQUISITIONS
9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3. PARTNERSHIPS & AGREEMENTS
9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
9.2.1. HYSTER-YALE MATERIALS HANDLING INC
9.2.1.1. COMPANY OVERVIEW
9.2.1.2. PRODUCTS
9.2.1.3. STRENGTHS & CHALLENGES
9.2.2. JUNGHEINRICH AG
9.2.2.1. COMPANY OVERVIEW
9.2.2.2. PRODUCTS
9.2.2.3. STRENGTHS & CHALLENGES
9.2.3. KION GROUP AG
9.2.3.1. COMPANY OVERVIEW
9.2.3.2. PRODUCTS
9.2.3.3. STRENGTHS & CHALLENGES
9.2.4. KOMATSU LTD
9.2.4.1. COMPANY OVERVIEW
9.2.4.2. PRODUCTS
9.2.4.3. STRENGTHS & CHALLENGES
9.2.5. TOYOTA INDUSTRIES CORPORATION
9.2.5.1. COMPANY OVERVIEW
9.2.5.2. PRODUCTS
9.2.5.3. STRENGTHS & CHALLENGES




LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – MATERIAL HANDLING VEHICLES
TABLE 2: MARKET BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 3: MARKET BY VEHICLE TYPE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 4: MARKET BY FORKLIFTS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 5: MARKET BY FORKLIFTS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 6: MARKET BY LOAD CAPACITY, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 7: MARKET BY LOAD CAPACITY, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 8: MARKET BY CLASS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 9: MARKET BY CLASS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 10: MARKET BY APPLICATION, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 11: MARKET BY APPLICATION, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 12: MARKET BY MANUFACTURING, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 13: MARKET BY MANUFACTURING, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 14: MARKET BY POWER SOURCE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 15: MARKET BY POWER SOURCE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 16: MARKET BY ELECTRIC, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 17: MARKET BY ELECTRIC, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 18: MARKET BY OWNERSHIP MODEL, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 19: MARKET BY OWNERSHIP MODEL, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 20: KEY PLAYERS OPERATING IN THE SAUDI ARABIA MARKET
TABLE 21: LIST OF MERGERS & ACQUISITIONS
TABLE 22: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 23: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 24: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR SAUDI ARABIA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: SEGMENT GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2024
FIGURE 9: FORKLIFTS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 10: SEGMENT GROWTH POTENTIAL, BY FORKLIFTS, IN 2024
FIGURE 11: LOAD CAPACITY MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 12: SEGMENT GROWTH POTENTIAL, BY LOAD CAPACITY, IN 2024
FIGURE 13: BELOW 5 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 14: 5-10 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 15: 11-36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 16: ABOVE 36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 17: SEGMENT GROWTH POTENTIAL, BY CLASS, IN 2024
FIGURE 18: CLASS 1 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 19: CLASS 2 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 20: CLASS 3 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 21: CLASS 4/5 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 22: PALLET JACKS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 23: TOW TRACTORS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 24: AUTOMATED GUIDED VEHICLES (AGVS) MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 25: SEGMENT GROWTH POTENTIAL, BY APPLICATION, IN 2024
FIGURE 26: MANUFACTURING MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 27: SEGMENT GROWTH POTENTIAL, BY MANUFACTURING, IN 2024
FIGURE 28: DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 29: NON-DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 30: THIRD-PARTY LOGISTICS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 31: E-COMMERCE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 32: GENERAL MERCHANDISE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 33: FOOD & BEVERAGE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 34: OTHER APPLICATIONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 35: SEGMENT GROWTH POTENTIAL, BY POWER SOURCE, IN 2024
FIGURE 36: ELECTRIC MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 37: SEGMENT GROWTH POTENTIAL, BY ELECTRIC, IN 2024
FIGURE 38: LI-ION MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 39: LEAD ACID MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 40: INTERNAL COMBUSTION ENGINE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 41: HYDROGEN FUEL CELLS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 42: HYBRID MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 43: SEGMENT GROWTH POTENTIAL, BY OWNERSHIP MODEL, IN 2024
FIGURE 44: LEASE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 45: PURCHASING MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 46: RENTING MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 47: USED EQUIPMENT MARKET SIZE, 2025-2032 (IN $ MILLION)

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List of Tables/Graphs

LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR SAUDI ARABIA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: SEGMENT GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2024
FIGURE 9: FORKLIFTS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 10: SEGMENT GROWTH POTENTIAL, BY FORKLIFTS, IN 2024
FIGURE 11: LOAD CAPACITY MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 12: SEGMENT GROWTH POTENTIAL, BY LOAD CAPACITY, IN 2024
FIGURE 13: BELOW 5 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 14: 5-10 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 15: 11-36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 16: ABOVE 36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 17: SEGMENT GROWTH POTENTIAL, BY CLASS, IN 2024
FIGURE 18: CLASS 1 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 19: CLASS 2 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 20: CLASS 3 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 21: CLASS 4/5 MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 22: PALLET JACKS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 23: TOW TRACTORS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 24: AUTOMATED GUIDED VEHICLES (AGVS) MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 25: SEGMENT GROWTH POTENTIAL, BY APPLICATION, IN 2024
FIGURE 26: MANUFACTURING MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 27: SEGMENT GROWTH POTENTIAL, BY MANUFACTURING, IN 2024
FIGURE 28: DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 29: NON-DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 30: THIRD-PARTY LOGISTICS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 31: E-COMMERCE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 32: GENERAL MERCHANDISE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 33: FOOD & BEVERAGE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 34: OTHER APPLICATIONS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 35: SEGMENT GROWTH POTENTIAL, BY POWER SOURCE, IN 2024
FIGURE 36: ELECTRIC MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 37: SEGMENT GROWTH POTENTIAL, BY ELECTRIC, IN 2024
FIGURE 38: LI-ION MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 39: LEAD ACID MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 40: INTERNAL COMBUSTION ENGINE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 41: HYDROGEN FUEL CELLS MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 42: HYBRID MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 43: SEGMENT GROWTH POTENTIAL, BY OWNERSHIP MODEL, IN 2024
FIGURE 44: LEASE MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 45: PURCHASING MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 46: RENTING MARKET SIZE, 2025-2032 (IN $ MILLION)
FIGURE 47: USED EQUIPMENT MARKET SIZE, 2025-2032 (IN $ MILLION)
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – MATERIAL HANDLING VEHICLES
TABLE 2: MARKET BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 3: MARKET BY VEHICLE TYPE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 4: MARKET BY FORKLIFTS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 5: MARKET BY FORKLIFTS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 6: MARKET BY LOAD CAPACITY, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 7: MARKET BY LOAD CAPACITY, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 8: MARKET BY CLASS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 9: MARKET BY CLASS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 10: MARKET BY APPLICATION, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 11: MARKET BY APPLICATION, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 12: MARKET BY MANUFACTURING, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 13: MARKET BY MANUFACTURING, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 14: MARKET BY POWER SOURCE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 15: MARKET BY POWER SOURCE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 16: MARKET BY ELECTRIC, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 17: MARKET BY ELECTRIC, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 18: MARKET BY OWNERSHIP MODEL, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 19: MARKET BY OWNERSHIP MODEL, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 20: KEY PLAYERS OPERATING IN THE SAUDI ARABIA MARKET
TABLE 21: LIST OF MERGERS & ACQUISITIONS
TABLE 22: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 23: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 24: LIST OF BUSINESS EXPANSIONS & DIVESTITURES