Global Electric Forklift Truck Market to Grow at a CAGR of 7.1% (2016-2024)

According to Goldstein Research, Global electric forklift truck market is expected to reach USD 39.4 billion by the end of 2024, growing at a CAGR of 7.1% over the forecast period, 2016-2024. Growth in online retail sales and e-commerce logistics model are major driving factors in the growth of the Global electric forklift truck market. Global Electric forklift truck market segmentation has been done on the basis of product type, end users and geography.

Counter balanced forklift trucks accounted for largest market share in 2016, owing 55% market share. Warehouse forklifts are expected to grow at a CAGR of 9.1% over the forecast period.

Global Electric forklift truck market is dominated by Asia-Pacific, accounted for 35% market share. APAC is closely followed by Europe, growing at a CAGR of 6.6% over the forecast period. Latin America has huge electric forklift trucks manufacturing opportunities, marking the high growth rate in future.

Market Segmentation
On the basis of our in-depth analysis, Global Electric Forklift Truck Market can be segmented as follows:

• By Product Type

o Warehouse Forklift Trucks
o Counterbalance Forklift Trucks

• By End Users

o Retail and Wholesale
o Logistics
o Automotive
o Food Industry
o Others (Paper Industry, Wood Industry, etc.)

• On the basis of region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Electric Forklift Truck Market Outlook 2024” contains detailed overview of the Global Electric forklift truck market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type and end-users.

Further, for the in-depth analysis, Global Electric Forklift Truck Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Jungheinrich Lift Truck Corp., Kion Group AG, Toyota Industries Corp., Hyster-Yale Group, Anhui Forklift Truck Group Co. Ltd, Clark Material Handling International Inc., Combilift Ltd., Crown Equipment Corp., Doosan Industrial Vehicles Co. Ltd, Godrej & Boyce Mfg. Co. Ltd, Hangcha Forklift Co. Ltd, Komatsu Utility Co. Ltd, Hangcha Group, Mitsubishi Forklift Trucks, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Global Electric forklift truck market share along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/global-electric-forklift-truck-market-share-trends

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