Global Forklift Trucks Market to Worth USD 41.73 BN by 2023 at CAGR of 5.9% from 2017 to 2023; Due to Growing Demand from Manufacturing Industry.
Key players in the global forklift trucks market include Anhui HELI Co. Ltd (China), Crown Equipment Corporation (UK), Hyster-Yale Material Handling Inc. (USA), Jungheinrich Group (Germany), Kalmar Global (Finland), KION Group AG (Germany), Komatsu Ltd. (Japan), Mitsubishi Nichiyu Forklift Corporation (Japan), The Raymond Corporation (USA), and Toyota Industries Corporation (Japan).
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The purpose of forklift trucks is to lift and move materials within short distances. Monitoring the market structure, this report mensurates the future growth potential of the market. It chalks the strategies of the key players in the market and helps in the competitive developments like new product developments, mergers & acquisitions, joint ventures, and research & developments (R&D) in the market.
The imperative factor driving the global forklift trucks market growth is the growing demand from the manufacturing industry. Other important factors initiating market growth include an increase in productivity, and reduced accidents as well as injuriesalong with operator comfort. However, the high cost of electric-powered forklift trucks can hinder the market growth.
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Market Segmentation
The global Forklift Trucks Market segmentation covers application, capacity, technology, and region. Under the application-based segmentation, the covered segments are logistics, manufacturing, retail & wholesale, and others. Based on capacity, the market is being segmented into below 5 tons and above 5 tons. Regarding technology, the market has been segmented into the electric powered truck, and internal combustion engine powered truck.
Regional Segmentation
Geographically, the global forklift trucks market features Asia Pacific, Europe, North America, and the Rest of the World (RoW). The Asia Pacific has maximum market coverage, followed by Europe. Rising industrialization in the Asia Pacific region is the primary factor for market growth. It is also the fastest growing regional market. The prominent country-specific regional markets are China, India, and Japan.
Europe is another important regional market and is expected to contribute significantly to the global market during the forecast period. Noteworthy country-specific markets in this region are France, Germany, Spain, and the UK. In North America, the market is extending due to many established industrial sectors that require a regular supply of raw materials necessary for production. Many key market players are based in North America. Hence, forklift trucks are always required in this region. Country-specific markets that generate maximum revenue in this region are the USA and Canada.
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Scope of Report
The report for Global Forklift Trucks Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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List of Tables
Table 1 Global Forklift Trucks Market, by TechnologyTable 2 Global Forklift Trucks Market, by CapacityTable 3 Global Forklift Trucks Market, by ApplicationTable 4 Global Forklift Trucks Market, by RegionsTable 5 North America Forklift Trucks Market, by CountryTable 6 North America Forklift Trucks Market, by TechnologyTable 7 North America Forklift Trucks Market, by CapacityTable 8 North America Forklift Trucks Market, by ApplicationTable 9 U.s. Forklift Trucks Market, by TechnologyTable 10 U.s. Forklift Trucks Market, by Capacity
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List of Figures
Figure 1 Research CapacityFigure 2 Global Forklift Trucks Market: by Technology (%)Figure 3 Global Forklift Trucks Market: by Capacity (%)Figure 4 Global Forklift Trucks Market: by Application (%)Figure 5 Global Forklift Trucks Market: by RegionFigure 6 North America Forklift Trucks Market, by Technology (%)Figure 7 North America Forklift Trucks Market, by Capacity (%)Figure 8 North America Forklift Trucks Market, by Application (%)Figure 9 Europe Forklift Trucks Market, by Technology (%)Figure 10 Europe Forklift Trucks Market, by Capacity (%)
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