openPR Logo
Press release

Forklift Trucks Market by Product Type (Warehouse and Counterbalance), Engine Power (IC Engine Power and Electric Power) Global Analysis and Forecast 2022

02-13-2019 10:24 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Forklift Truck Market

Forklift Truck Market

Forklift is a power industrial truck used for handling different materials. The forklift market is expected to witness notable growth in future owing to the competitive advantages of electric forklift trucks such as high efficiency, eco-friendly nature, and low operation cost compared to other forklift trucks. Increase in applications of forklift in the industrial sector, such as in food industry and automotive, is expected to fuel the market growth. Moreover, increase in warehouse space for automotive and food industry boosts the demand for forklift trucks.

Forklift Truck Market Report, published by Allied Market Research, projects that the global forklift truck market is estimated to reach $51 billion by 2022, growing at a CAGR of 6.6% during the forecast period. Asia-Pacific accounted for the highest market share in 2015, and is anticipated to maintain its dominance throughout the forecast period.

Based on product type, the forklift truck market is bifurcated into warehouse and counterbalance forklift trucks. Counterbalance was the highest revenue-generating segment, accounting for $24 billion in 2015. However, warehouse is expected grow at the highest CAGR of 7.4% to reach $14 billion by 2022.

Based on class type, the market is segmented into class I, class II, class III, class IV, and class V forklift. Class IV generated the highest revenue, accounting for $12.6 billion in 2015. However, class II segment is projected to witness fastest growth rate of 9.1% to reach $7 billion by 2022.

Make Purchase Report Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/596?utm_source=openpr&utm_medium=vs

Based on end user, the market is divided into retail & wholesale, logistic, automotive, food industrial, and others (chemical, timber, and paper). Retail & wholesale and logistics are expected to register the highest CAGRs of 6.7% and 8.2%, respectively. However, retail & wholesale was the highest revenue-generating segment in 2015, accounting for $13.6 billion.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific generated the highest revenue, in 2015, with $15 billion and is expected to retain its dominance ahead as well. It is expected to reach $25 billion by 2022, growing at a CAGR of 7.8%. Europe and North America are the second and third leading regions, in terms of revenue, for forklift truck market, respectively.

Key Findings of Forklift Truck Market:
• In 2015, class IV forklift truck led the overall forklift truck market, and is projected to grow at a CAGR of 5.2% during the forecast period.
• IC engine-powered forklift truck dominated the market, and is expected to grow at a CAGR of 5.8%.
• In 2015, counterbalance forklift truck was the dominant type, and is projected to grow at a CAGR of 6.4%.
• Retail & wholesale forklift trucks led the overall market in 2015, and this segment is projected to grow at a CAGR of 6.7%.
• Asia-Pacific accounted for the largest market share in 2015, and is anticipated to grow at a significant CAGR of 7.8%.


Download Sample Report Copy (PDF) @: https://www.alliedmarketresearch.com/request-sample/596?utm_source=openpr&utm_medium=vs

The key players in the forklift truck market focus on expanding their business operations in emerging countries, with new product launches as a preferred strategy. Major players engaged in this market are Toyota Industries Corporation (TICO), Kion Group AG. Jungheinrich AG, Hyster-Yale Material Handling, Inc., Crown Equipment Corporation, Mitsubishi Nichiyu Forklift Co. Ltd, UniCarriers American Corporation, Anhui Forklift Truck Group Corp, Hangcha Group Co., Ltd, and Komatsu Ltd.

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Forklift Trucks Market by Product Type (Warehouse and Counterbalance), Engine Power (IC Engine Power and Electric Power) Global Analysis and Forecast 2022 here

News-ID: 1584052 • Views: 156

More Releases from Allied Market Research

Smart Beacon Market Expected to Reach $103.94 Billion By 2030 at 37.7% CAGR | Gr …
Rise in modern-day communication technologies, surge in investments in proximity marketing, and increase in adoption of smart devices are the factors that drive the global smart beacon market growth. As per the report published by Allied Market Research, the global smart beacon market generated $3.28 billion in 2020, and is estimated to reach $103.94 billion by 2030, witnessing a CAGR of 37.7% from 2021 to 2030. The report provides a
Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable

All 5 Releases


More Releases for Forklift

Global Electric Forklift Market Growth 2019-2024
Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations. Compared with internal combustion forklifts, electric forklifts have advantages such as less pollution, easier to operate and higher energy efficiency.
Forklift Market by Application, Fuel, Region – 2021
The global Forklift Market is projected to grow at a CAGR of 1.93%, from USD 16.00 billion in 2016 to USD 17.61 billion by 2021. The base year for the report is 2015 and the forecast year is 2021.The global forklift market is driven by the less than 5-ton capacity forklifts which accounts for major market share in terms of volume. The less than 5-ton capacity majorly includes battery-electric forklifts
Forklift Market: Lucrative Opportunites across Globe
Global Forklift Market: Brief Overview The demand for forklift or forklift truck, also known as lift truck or folk truck is increasing on account of its extensive use for lifting and moving materials from one place to another in warehouse and manufacturing operations. The use of a forklift for material handling for short and medium distance is the main factor behind its accelerated demand from the auto industry, retail, brick or
Forklift in Global Market - 2018
Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such
Eliminate forklift battery tray failure.
As experts in their field, people should have stopped believing things disappeared when you couldn’t see them anymore. Surprisingly this isn’t always the case and some haven’t grown out of peek-a-boo problems. The first time you know you’ve got electrolyte in the bottom of your forklift battery tray is when the hole appears in the side, or worse still, you get acid leaking out onto the floor. It’s very easy for
Forklift Trucks Market Complete analysis Forecasted 2025
Global Forklift Trucks Market: Overview Forklifts refer to a variety of industrial trucks that find extensive usage in a number of industries for handling heavy loads and a variety of materials. The construction industry is one of the leading consumers of forklift trucks, using them for carrying construction material such as lumber, steel, bricks, and other heavy items to add pace to construction projects. Forklift trucks are also employed for unloading