Forklift Truck Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2019 to 2027 and expected to reach USD 74,274.69 million by 2027. Increasing adoption of electric forklift in the indoor application is one of the prominent factors that drive growth of the market.
Data Bridge Market Research provides research study on “Forklift Truck market” reports. Forklift Truck report puts across the idea of high level analysis of major market segments and identification of opportunities. Market analysis and market segmentation has been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. This market report accomplishes comprehensive analysis of profiles of key market players that provides a competitive landscape. The Forklift Truck report displays important product developments and tracks recent acquisitions, mergers and research in the Automotive industry by the key players
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Future Outlook and by Top key players Analysis Jungheinrich AG, Hyster-Yale Group, Inc. (a subsidiary of Hyster-Yale Materials Handling, Inc.), KION GROUP AG, Lift Technologies, Inc, Crown Equipment Corporation, CLARK, Manitou Group, Komatsu Ltd, Hangcha, DOOSAN INDUSTRIAL VEHICLE AMERICA CORP, Konecranes, Palletrans Forklifts, HUBTEX Maschinenbau GmbH & Co. KG, Anhui Heli Co., Ltd, TOYOTA INDUSTRIES CORPORATION, MITSUBISHI LOGISNEXT CO., LTD., Lonking Machinery Co., Ltd., EP Equipment, CO.,LTD, Combilift Material Handling Solutions, Godrej Material Handling and among others.
“Product definition” forklift truck market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Forklift Truck Market: Segment Analysis
By Product Type (Counterbalance and Warehouse),
Power source (Internal Combustion forklift truck and Electric forklift),
Class (Class V (IC Engine Forklift Trucks, Pneumatic Tire),
Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires),
Class I (Electric Motor Rider Forklift Trucks),
Class III (Electric Hand Forklift Trucks),
Class II (Electric Motor Narrow Aisle Forklift Truck),
Class VI (Electric and IC Engine Tractors)
Class VII (Rough Terrain Forklift Truck),
Fuel Type (Electric, LPG/CNG, Diesel and Gasoline)),
Tonnage (Below 5 ton, 5 to 10 ton, 11 to 36 ton and 36 ton and Above),
Industry (Construction, Freight & Logistic, Food Industry, Retail, Chemical And Paper & Wood, and Other),
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Forklift Truck Market Country Level Analysis
Forklift truck market is analysed and market size information is provided by country, product type, power source, type, class, tonnage, fuel type, industry.
The countries covered in forklift truck market report are U.S., Canada and Mexico in North America, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe in Europe, Japan, China, India, South Korea, Taiwan, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina, and Rest of South America as part of South America.
The U.S. accounted the largest market share for the counter balance as these forklifts are widely used in the warehouse activities due to growing on-line retailing whereas, Germany accounted largest market share as this country is known for widely producing forklift and they have enforced the leading manufacturer innovate technology of forklift. However, China accounted the largest market share for the counterbalance as these forklift are widely use in the construction sites due to the growing construction of shelter and commercial buildings in the region.
The Rising E-commerce Sector Has Increases the Warehouse Activities
Forklift truck market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in Forklift truck and changes in regulatory scenarios with their support for the forklift truck market. The data is available for historic period 2010 to 2018.
Competitive Landscape Forklift truck market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global forklift truck market.
In addition, the years considered for the study are as follows:
Historical year – 2014-2019 | Base year – 2019 | Forecast period – 2020 to 2027
Global Forklift Truck Market Scope and Market Size
Global forklift truck market is segmented on the basis of product type, power source, tonnage, class and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product type, the forklift truck market is segmented in to counterbalance and warehouse. Counterbalance accounted the largest market share as these forklifts are tremendously utilised for the outdoor application.
On the basis of power source, the forklift truck market is segmented into electric forklift and internal combustion forklift. Internal combustion forklift accounted the largest market share as these forklift require less initial cost as compare to the electric forklift.
On the basis of class, the forklift truck market is segmented into class I (electric motor rider forklift trucks), Class II (electric motor narrow aisle forklift truck), class III (electric hand forklift trucks), Class IV (IC engine forklift trucks, solid/cushion tires), class V (IC engine forklift trucks, pneumatic tire), Class VI (electric and IC engine tractors) and Class VII (rough terrain forklift truck), Class V (IC engine forklift trucks, pneumatic tire) accounted largest market share as these forklift are widely use in the construction sites.
On the basis of tonnage, the forklift truck market is segmented into below 5 ton, 5 to 10 ton, 11 to 36 ton and 36 ton and above. Below 5 ton accounted largest market share as these forklift are widely used for indoor application.
On the basis of fuel type, the forklift truck market is segmented into electric, LPG/CNG, diesel and gasoline. Electric forklift accounted the largest market share as these forklift has zero emission due to which it widely used for indoor application.
On basis of industry, the forklift truck market is segmented into construction, freight & logistic, food industry, retail, chemical, paper & wood, others. Construction accounted largest market share is due to the growing construction activities along with growing population has increased demand for material handling equipment.
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-forklift-truck-market
Key questions answered in the Global Forklift Truck Market report include:
What will be Forklift Truck market share and the forecast for 2020-2027?
What are the key factors compelling the worldwide Forklift Truck market?
Who are the key players in the world Forklift Truck industry?
What are the factors impacting the revenue and production growth of the Forklift Truck market?
What are the opportunities & challenges in the Forklift Truck industry?
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