Press release
Forklifts Market Analysis- Industry Specific Opportunities and Trends Affecting the Growth
Global Forklifts report from Global Insight Services is the single authoritative source of intelligence on Forklifts market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.Read more about Forklifts market here: https://www.globalinsightservices.com/reports/forklift-truck-market/
A forklift truck is a powered industrial truck used to lift and move materials. Forklifts have become an essential piece of equipment in many factories, warehouses, and other industrial and commercial settings.
Forklifts are available in a variety of sizes and configurations to suit different needs. The most common type is the counterbalanced forklift, which has a set of forks mounted on a carriage that is balanced with a weight at the back of the truck. Other types of forklifts include the reach truck, which has a long mast that allows it to reach high shelves, and the order picker, which is a smaller truck designed for picking orders in narrow aisles.
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Market Segmentation
The forklift truck market is segmented on the basis of power source, class, end user, and region. By power source, the market is bifurcated into IC engine powered and electric powered. By class, it is categorized into class 1, class 2, class 3, class 4, class 5, and others. By end user, it is divided into retail & wholesale, logistics, automotive, food industry, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the world
Key Players
Key players profiled in the forklift truck market report include Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., and Toyota Industries Corporation.
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• In-depth segmentation which can be customized as per your requirements
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1. TOYOTA INDUSTRIES CORPORATION
2. KION GROUP AG
3. Hyster-Yale Materials Handling, Inc.
4. Jungheinrich AG
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The Forklifts Market is expected to register a CAGR of 6.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
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Type:
• Warehouse Type
• Counterbalance Type
Class:
• Class I
• Class II
• Class III
• Class IV
• Class V
• Class VI
Engine Power:
• IC Engine Power
• Electric Engine Power
Tonnage:-
• Less than 5 ton
• 5-10 ton
• 11-36 ton
• Above 36 ton.
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