openPR Logo
Press release

Forklift Truck Market - A Sneak Peek into the Future of Forklifts - Allied Market Research

03-27-2020 02:56 PM CET | Logistics & Transport

Press release from: Allied Market Research

Forklift Truck Market

Forklift Truck Market

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

Download Report Sample (120 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/596

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.

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.

Request Customization Of This Report: https://www.alliedmarketresearch.com/request-for-customization/596

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.

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.

Schedule a Free Call With Our Analysts: https://www.alliedmarketresearch.com/connect-to-analyst/596

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.

Forklift truck, also called lift truck or fork truck, is a truck used to lift and move material from one place to another. Japan, China, and India are the major economies in Asia-Pacific that contribute to the adoption of forklift trucks. In addition, ChinaEUR(TM)s fast-growing e-commerce sector drives the demand for electric forklift trucks such as LMHEUR(TM)s newly developed pallet stacker. Moreover, stringent government regulations related to carbon emissions in Japan and China and rise in adoption of electric forklift truck are expected to fuel the electric forklifttruck market growth in the future. Food industries and logistics are identified as lucrative targets for investment in this market, which are expected to rise with the highest market share owing to increase in adoption of forklift trucks.

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.

Inquire More Before Buying This Report: https://www.alliedmarketresearch.com/purchase-enquiry/596

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.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+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: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 Truck Market - A Sneak Peek into the Future of Forklifts - Allied Market Research here

News-ID: 1988211 • Views: 206

More Releases from Allied Market Research

Chemical Intermediates Market : Latest Market Trends & Forecast are being Done a …
Allied Market Research published a new report, titled, Chemical Intermediates Market: Global Opportunity Analysis and Industry Forecast, 2020–2027. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to
Infant Sling Market 2020 Detailed Analysis, Size Estimates, Share, Trends, Key P …
Infant sling is a baby care product, designed to hold and carry the baby on one’s chest or back. Infant slings are made from soft fabric that holds the baby. This product is designed for durability, safety, and comfort level of infants. Infant Slings are also known as Baby-Wearing. They provide mobility and convenience especially when pushing a stroller is not a choice. Also, it enables the care giver to
Cable Conduit Systems Market: Growing Demand for Safer and Secure Wiring Systems …
Allied Market Research published a new report, titled, “Cable Conduit Systems Market by Type (Rigid Cable Conduit System, Metallic, Non-Metallic, Flexible Cable Conduit System, Metallic, Non-Metallic), End Use (Manufacturing, Commercial construction, Residential construction, Intelligent transportation systems) - Global Opportunity Analysis and Industry Forecast, 2019-2026.” The research report offers an in-depth analysis of the current market scenario, estimates, revolving aspects, and dynamic forces of the industry from 2019 to 2026 to identify
Smart Exoskeleton Market Applications, Trends, and Investment Opportunities | Ma …
Allied Market Research published a new report, titled, “Smart Exoskeleton Market by Component (Sensors, Actuators, Power Source, Control System, and Others), Type (Soft Exoskeleton and Rigid Exoskeleton), Body Part (Upper Body, Lower Body, and Full Body) and Application (Industrial, Healthcare, Military, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026.” The research report offers an in-depth analysis of the current market scenario, estimates, revolving aspects, and dynamic forces of the industry

All 5 Releases


More Releases for Forklift

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
Global Forklift Truck Market, 2025
IndexBox has just published a new report "World: Fork-Lift Trucks And Other Works Trucks, Tractors Of The Type Used On Railway Station Platforms - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-fork-lift-trucks-and-other-works-trucks-tractors-of-the-type-used-on-railway-station-platforms-market-report-analysis-and-forecast-to-2020/?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and