Forklift Trucks Market: CAGR of 5.9% from 2017 to 2023 | Industry Trends, Business Revenue Forecast and Statistics,Growth Prospective

Market research future published a half cooked research report on Global Forklift Trucks Market. The global forklift trucks market is expected to grow over the CAGR of around 5.9% during the period 2017 to 2023
Market Highlights
Forklift trucks are used to lift and move materials to short distances. Forklift trucks are used across various industries such as automotive, food and beverages, construction, consumer goods, e-commerce, and retail. Expansion of warehouse space is globally driving the demand of forklift trucks market. Additionally, technological advancement in forklift trucks have positive influence on the growth of the market.

The market has been analyzed based on technology, capacity, applications, and regions. On the basis of technology, global forklift trucks market is segmented as electric powered, and internal combustion engine powered, out of which, electric powered dominates the technology segment of global forklift trucks market. Many manufactures are focusing on electric powered forklift trucks, mainly due to the factors such as stringent norms regarding emission, fuel efficiency, environment friendly and less noisy compered to IC engine powered forklift trucks. The electric powered forklift trucks is estimated to be the fastest growing technology during the forecast period
On the basis of capacity, global forklift trucks market is segmented as below 5 tons, and above 5 tons, out of which, below 5 tons dominates the capacity segment of global forklift trucks market. It is expected to grow at the fastest pace during the forecast period.

Global Forklift Trucks Market is projected to reach USD 41.73 billion by 2023, at a CAGR of 5.9% from 2017 to 2023.

Key Players
The key players of global forklift trucks market are
• Komastu Ltd. (Japan),
• Toyota Industries Corporation (Japan),
• KION Group AG (Germany),
• Hyster-Yale Material handling Inc. (U.S.),
• Jungheinrich Group (Germany),
• Mitsubishi Nichiyu Forklift Corporation (Japan),
• Crown Equipment Corporation (U.K),
• The Raymond Corporation (U.S.),
• Anhui HELI Co., Ltd (China),
• Kalmar Global (Finland).

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Manufacturing dominates the application segment of the Global Forklift Trucks Market
On the basis of applications, the global forklift trucks market is segmented as manufacturing, logistic, retail & wholesale and others. Manufacturing dominates the application segment of the global forklift trucks market mainly due to the increasing number of warehouses being set up across the regions. Wholesale & retail distribution is projected to grow at the highest CAGR during the forecast period mainly due to increased stocking of goods in warehouses, which are further distributed through the wholesalers and distributors.

Market Research Analysis
On the basis of regions, the global forklift trucks market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the forklift trucks market. The demand of forklift trucks market in Asia-Pacific region is driven by the factors such as growth in industrialization, and construction & infrastructure activities. In Asia-Pacific region, China, India, Malaysia, and Indonesia are major markets for forklift trucks. This region is expected to grow at the fastest pace during the forecast period
Europe is the second largest market for the forklift trucks. The demand for electric powered forklift trucks is increasing in this region mainly due to the stringent emission norms. North America is expected

List Of Tables
Table 1 Global Forklift Trucks Market, By Technology
Table 2 Global Forklift Trucks Market, By Capacity
Table 3 Global Forklift Trucks Market, By Application
Table 4 Global Forklift Trucks Market, By Regions
Table 5 North America Forklift Trucks Market, By Country
Table 6 North America Forklift Trucks Market, By Technology
Table 7 North America Forklift Trucks Market, By Capacity
Table 8 North America Forklift Trucks Market, By Application
Table 9 U.S. Forklift Trucks Market, By Technology
Table 10 U.S. Forklift Trucks Market, By Capacity
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List Of Figures
Figure 1 Research Capacity
Figure 2 Global Forklift Trucks Market: By Technology (%)
Figure 3 Global Forklift Trucks Market: By Capacity (%)
Figure 4 Global Forklift Trucks Market: By Application (%)
Figure 5 Global Forklift Trucks Market: By Region
Figure 6 North America Forklift Trucks Market, By Technology (%)
Figure 7 North America Forklift Trucks Market, By Capacity (%)
Figure 8 North America Forklift Trucks Market, By Application (%)
Figure 9 Europe Forklift Trucks Market, By Technology (%)
Figure 10 Europe Forklift Trucks Market, By Capacity (%)
Continue………

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