The market for self-propelled fork-lift trucks powered by an electric motor with a lifting height of more than 1 meter in Lithuania has shown consistent growth from 2013 to 2023, reaching a size of 12.095 million Euros by 2023. Over the last ten years, fluctuations occurred, with a notable growth spurts in 2016 and 2018. In recent years, from 2021 to 2023, the market experienced a steady year-on-year increase of around 9% with a compound annual growth rate (CAGR) of 9.1% over the last five years.
Future trends to watch for include:
- The impact of further electrification and environmental regulations which may drive demand for electric-powered equipment.
- Technological advancements in battery efficiency and automation that could make these forklifts more appealing to a broader array of industries.
- Potential shifts in logistics and materials handling driven by e-commerce growth which may increase market size.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 659,990,000 | 2023 | +4.11% | +0.65% | View data |
| 2 | 2 France | 598,050,000 | 2023 | +1.45% | +2.88% | View data |
| 3 | 3 Poland | 230,300,000 | 2023 | +3.87% | +3.82% | View data |
| 4 | 4 Hungary | 77,120,000 | 2023 | +5.81% | +5.18% | View data |
| 5 | 5 Lithuania | 12,095,000 | 2023 | +8.2% | +9.1% |
