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Global Forklift Truck Market 2019- to reach USD 43.2 billion by 2025 with Top Players Anhui Heli Co Ltd, Clark Material Handling Co Ltd, Crown Equipment Corporation, Godrej & Boyce Manufacturing, Hangcha Group Ltd, Hyundai Heavy Industries Global Military

01-21-2019 03:56 PM CET | Logistics & Transport

Press release from: Amigo Market Reports

Global Forklift Truck Market

Global Forklift Truck Market

Market Overview

Global Forklift Truck market to reach USD 43.2 billion by 2025.

Global Forklift Truck market valued approximately USD 26 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2018-2025. The Forklift Truck market is on the surging trend on the global scenario.

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The Forklift trucks are basically motorized vehicle mainly utilized for independent movement, lifting and placement of discrete loads in a specific facility. The Forklift trucks are mobile in nature which can be attached with forks precisely for pallet-based unit load picking & for loads which are not palletized in nature. The Forklift trucks could be utilized with a variety of platforms which mainly includes grippers, clamps and platforms. To move the light weight objects the manually powered vehicles which includes hand trucks and carts are utilized by the manufacturing and production utilities.
The Forklift trucks are specifically classified by class mainly into Class I, Class II, Class III, Class IV and Class V which are the main classes of forklift trucks.

Major Players:

The Forklift Truck market is seeming to be fairly competitive. Some of the
leading market players include Anhui Heli Co Ltd, Clark Material Handling Co Ltd, Crown Equipment Corporation, Godrej & Boyce Manufacturing, Hangcha Group Ltd, Hyundai Heavy Industries, Toyota Motor Corporation, and Mitsubishi Nichiyu Forklift Co Ltd and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Industry Insights:

In the present scenario, one of the primary challenging tasks in warehouses, distribution centers and manufacturing facilities is that of removing & placing loads form the storage racks, providing or delivering the components to the assembly line operations, loading and unloading of the trailers in yards and positioning variety of loads for handling processes. These tasks are performed in many industries which includes Aerospace, Automotive, Food & Beverages, Construction, Consumer Goods industry, E-commerce, retail and wholesale industry which is further fuelling the utility and adoption of forklift trucks market on the global scenario.

The Forklift truck OEM precisely depends on a defined number of suppliers for critical components which are utilized in various types of trucks such as Gasoline, diesel and Fuel engine. In this few of these critical components are majorly imported & subjected for regulation by custom and the high cost of these vehicles are also directly impacting the adoption & growth of forklift trucks market on the global scenario.

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Market Segmentation:
The regional analysis of Global Forklift Truck Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
By Product Type:
• Counter Balance Type
• Warehouse Type
By Technology:
• Electric Powered Type
• IC Engine Powered
By End User:
• Logistics
• Retail & Wholesale
• Automotive
• Food Industry
• Others
By Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

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About Us
We offer the exclusive market research solution for all the industries by performing the comprehensive investigation of industry trends, globally. The Association in every industry such as Technology, Healthcare, Aerospace, Consumable Goods and others demands a market-based solutions for various vital decisions based on productivity.
Our main goal is to Boost and Associate organizations to Build everlasting strategic enhancement and recognize growth Purpose. The organization assists its clients to accomplish business policies and achieve Continuous growth in their respective market domain.

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United States
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Email: sales@amigomarketreports.com

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