Press release
Drive high CAGR by Global Forklift Truck Market Along with Top Key Players like KION GROUP AG; CLARK; EP Equipment, CO.,LTD; TOYOTA INDUSTRIES CORPORATION; Jungheinrich AG; Crown Equipment Corporation; DOOSAN INDUSTRIAL VEHICLE AMERICA CORP.
Forklift Truck Market report analyzes the market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. This market report gives information about company profile, product specifications, capacity, production value, and market shares for each company for the year 2019 to 2026 under the competitive analysis study.
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Global Forklift Truck Market Segmented By Product Type, Technology Type,Class ,End-User ,Geography .
Competitive Analysis: Global forklift truck market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of forklift truck market for global, Europe, North America, Asia-Pacific and South America.
Major Market Players: KION GROUP AG; CLARK; EP Equipment, CO.,LTD; TOYOTA INDUSTRIES CORPORATION; Jungheinrich AG; Crown Equipment Corporation; DOOSAN INDUSTRIAL VEHICLE AMERICA CORP.; Hangcha; Hyster-Yale Materials Handling, Inc.,; Hyundai Heavy Industries Co., Ltd.; Komatsu Ltd.; MITSUBISHI LOGISNEXT CO.,LTD. and Anhui Heli Industrial Vehicle Imp. & Exp. Co.,Ltd.
Market Drivers:
• Increasing adoption of e-commerce shopping which uses the product majorly in their warehouses and storage areas
• Increasing areas covered by warehouses and storage areas where there is an increased need for usage of forklift trucks
Market Restraints:
• Lack in the number of suppliers of raw materials for the production of forklift truck; this factor is expected to act as a restraint to the market growth
• Requirement of the product over certain cycles or periods in the year is expected to restrain the market growth
Key Developments in the Market:
• In June 2018, Hyster-Yale Materials Handling, Inc., announced that they completed the acquisition of 75 percent share of Zhejiang Maximal Forklift Co., Ltd. for USD 90 million. The acquired organisation has been named Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd. This acquisition will help in expanding the global capabilities in providing enhanced product offerings and enhance the presence of the company globally.
• In July 2017, UniCarriers Corporation announced that they had agreed to integrate their business excluding the domestic sales covered throughout the Japan region with their parent company of Mitsubishi Nichiyu Forklift Co., Ltd. The renamed organisation named as “Logisnext UniCarriers Co., Ltd.” will become a distribution subsidiary of the parent organisation.
Table of Contents
Study Coverage
Executive Summary
Production-by Regions
Consumption-by Regions
Market Size-by Type
Market Size-by Application
Manufacturers Profiles
Production Forecasts
Consumption Forecast
Upstream, Industry Chain and Downstream Customers Analysis
Opportunities & Challenges, Threat and Affecting Factors
Key Findings
Appendix
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Segmentation: Global Forklift Truck Market
• By Product Type
Warehouse
Counterbalance
• By Technology Type
IC Engine
Electric Power
• By Class
Class I
Class II
Class III
Class IV
Class V
• By End-User
Logistics
Automotive
Retail & Wholesale
Food & Beverages
Others
• By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
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Data Bridge Market Research
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Email: Sopan.gedam@databridgemarketresearch.com
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