Fork-lift and other works trucks fitted with lifting or handling equipment market in Denmark

Earlier Report Observations

The Danish market for fork-lift and works trucks fitted with lifting equipment began the period in 2018 under new regulatory pressure. The introduction of mandatory operator certification ('Gaffeltruck B') from January 2018, along with rules requiring rotating warning lights and prohibiting the use of trucks to lift persons, increased compliance costs and likely dampened demand, contributing to a market contraction from 35 006 units in 2018 to 26 969 units in 2019. This was followed by a sharp rebound to 39 699 units in 2020.

Market volume proved highly volatile in the subsequent years, declining to 31 317 units in 2021 and stabilizing near that level at 31 377 units in 2022. A significant drop to 22 575 units occurred in 2023, before a partial recovery to 28 286 units in 2024.

By 2025, industry dynamics were shifting, with factors including a pronounced driver shortage boosting interest in automated trucks, a strong focus on electric and environmentally friendly solutions, and ongoing legislative adjustments for vehicle equipment and transport sector operations.

Production fork-lift and works trucks in Denmark

In value, 2018-2021, K $ US

Production of forklifts and other works trucks fitted with lifting or handling equipment in Denmark has increased for the second consecutive year. In 2021, output was valued at 46 984 thousand US dollars, marking a 24.9% rise from 2020. Between 2018 and 2021, production grew by 13.6%, which translates to an annualized rate of 4.3%. The lowest value was recorded in 2019 at 36 896 thousand US dollars, with the largest decline of 10.8% also occurring that year.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, unit

Denmark's production of forklifts and other works trucks fitted with lifting or handling equipment has risen for the second year in a row. In 2021, 22 560 units were produced, reflecting a 3.0% increase compared to 2020. The lowest production level was in 2019, with 21 498 units, and the largest decline of 5.8% was also recorded that year.

Annual dynamics of production in Denmark in kind, 2018-2021, unit

Exports fork-lift and works trucks from Denmark

Exports in kind, unit

In 2021, Denmark's exports of forklifts and other works trucks fitted with lifting or handling equipment reached 27 924 units, which is 28.9% higher than in 2020. Between 2018 and 2021, exports increased by 11.4%, equating to an annualized growth rate of 3.7%. The lowest export volume was in 2020 at 21 671 units, with the largest decline of 16.6% occurring that year.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, unit

From 2018 to 2021, Germany, Sweden, and France were the key partners for Denmark's exports of forklifts and other works trucks fitted with lifting or handling equipment in kind. Germany accounted for 24.7% of exports, Sweden for 18.9%, and France for 8.7%, together representing 52.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, M $ US

After a two-year decrease, Denmark's exports of forklifts and other works trucks fitted with lifting or handling equipment have rebounded. In 2021, export value reached 99.6 million US dollars, showing a significant gain of 30.3% compared to the previous year. Over the period 2018-2021, exports increased by 9.7%, with a compound annual growth rate of 3.1%. The lowest value was recorded in 2020 at 76.5 million US dollars, while the largest decline of 9.9% occurred in 2019.

Annual dynamics of product's exports from Denmark in value, 2018-2021, M $ US

The country composition of Denmark's exports in value terms from 2018 to 2021 was relatively dispersed. Germany accounted for 20.8% of exports, Sweden for 20.5%, and the Netherlands for 7.6%, together forming just 48.9% of total flows. The remaining 51.1% was distributed among a wide range of other destinations.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports fork-lift and works trucks to Denmark

Imports in kind, unit

In 2021, Denmark's imports of forklifts and other works trucks fitted with lifting or handling equipment amounted to 36 681 units, marking a moderate drop of 7.1% compared to the previous year. The lowest import volume was in 2019 at 31 454 units, while the highest was in 2020 at 39 474 units. The largest decline of 15.6% occurred in 2019, and the largest increase of 25.5% was recorded in 2020.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, unit

From 2018 to 2021, Sweden, China, and Germany were the largest suppliers of forklifts and other works trucks fitted with lifting or handling equipment to Denmark in kind. Sweden accounted for 19.8% of imports, China for 17.9%, and Germany for 16.5%, together forming 54.2% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, M $ US

After a two-year drop, Denmark's imports of forklifts and other works trucks fitted with lifting or handling equipment have increased. In 2021, imports amounted to 192.3 million US dollars, which is 10.8% higher than the previous year. Over the period 2018-2021, imports decreased by 3.4%, with a compound annual growth rate of 1.1%. The lowest value was recorded in 2020 at 173.7 million US dollars, and the largest decline of 9.4% occurred in 2019.

Annual dynamics of product's imports to Denmark in value, 2018-2021, M $ US

From 2018 to 2021, three principal markets—Germany, Sweden, and France—together accounted for 64.0% of total imports in value terms of forklifts and other works trucks fitted with lifting or handling equipment to Denmark.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021