Forklift Truck Market is Expected to Surpass CAGR of 6.9% by 2021 End

One of the challenging tasks in warehouses and distribution centers is that of placing and removing loads from storage racks, loading and unloading trailers in the yard or at the dock, delivering components to the assembly line, and positioning loads for further handling processes. To complete such tasks, forklift trucks are used across various industries such as aerospace, automotive, food and beverages, construction, consumer goods, e-commerce, and retail.

Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/forklift-trucks-market/toc

Forklift trucks are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. 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 as platforms, grippers, or clamps. To move lighter loads, manually powered vehicles such as carts and hand trucks are used.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3552

The global forklift truck market volume is forecast to expand at a CAGR of 6% during the forecast period from 2015 to 2021. The global forklift truck market is segmented on the basis of geographical region, product type, technology type, and by class. In 2014, by product type, counterbalance was the largest segment in the forklift truck market, accounting for 62.3% share of the overall market.

To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/3552

In this report, the global forklift truck market has been segmented into five major regions, which include North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Of all the regions, Asia Pacific dominated the overall forklift truck market in 2014 with over 41.4% share. Besides, China accounted for approximately 25% share of the global forklift truck market volume in 2014. Europe ranked second, accounting for over 30% market share, followed by North America, in 2014. Meanwhile, Asia Pacific is anticipated to be the fastest growing region, both in terms of value and volume, in the global forklift truck market over the forecast period.

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

This release was published on openPR.