The market for self-propelled fork-lift trucks powered by an electric motor with a lifting height of more than 1 meter in Croatia has shown notable growth from 2013 to 2023. In 2023, the market size reached a volume of 1560 units, marking a consistent upward trend with occasional fluctuations, such as a slight dip in 2020. The most substantial growth occurred between 2017 and 2018, driven by a strong year-on-year increase. Over the last five years, the compound annual growth rate (CAGR) was 5.32%, indicating steady advancements in the market.
Future trends to watch for in this industry include:
- Technological advancements leading to more efficient and adaptable electric forklifts.
- Increasing demand driven by the logistics and warehousing sectors as e-commerce expands.
- Environmental regulations pushing for a transition from traditional fuel-based machinery to electric solutions.
- Potential impacts of economic fluctuations on capital investments in material handling equipment.
| # | 5 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 23,270 | 2023 | -0.89% | +3.81% | View data |
| 2 | 2 Poland | 13,200 | 2023 | +3.23% | +1.92% | View data |
| 3 | 3 Hungary | 4,480 | 2023 | +10.4% | +4.47% | View data |
| 4 | 4 Finland | 2,000 | 2023 | +1.94% | +2.1% | View data |
| 5 | 5 Croatia | 1,560 | 2023 | +5.21% | +5.32% |
