Global Forklift Truck Market-Dynamics, Industry Analysis and Forecast

According to this report, one of the major growth drivers of the forklift market include increasing demand for these forklift trucks in the global e-commerce and warehouse sectors, increasing demand for global trade, growth in the container and shipping industry, and rampant globalization of supply chains.

The global e-commerce market is expected to witness steady growth, exhibiting a CAGR of over 12% over the forecast period. Growth of the e-commerce market is driven by diverse portfolio of product segments such as electronic gadgets, apparels, books, and cosmetics. However, high costs of battery-operated and fuel-cell forklift coupled with the growing environmental concerns regarding the use of IC-engine type forklift trucks are expected to hinder growth of the forklift market over the forecast period. Some of the major trends identified in the forklift truck market are increasing demand for battery-operated forklifts to reduce CO2 emission from IC engine powered trucks and increasing demand for automation in emerging economies.
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Market Taxonomy

This report segments the global forklift truck market on the basis of product type, class, engine power, fuel type, end-use industry, lifting capacity, and geographical region. On the basis of product type, the global forklift market is segmented into warehouse and counterbalance. Warehouse segmented is further sub-segmented into pedestrian and rider. On the basis of class, the market is segmented into electric motor rider trucks, electric motor narrow aisle trucks, electric motor pedestrian trucks, internal combustion engine trucks (solid/cushion tires),

electric and internal combustion engine tractors, and rough terrain. On the basis of engine, the market is segmented into IC engine and electric power engine. On the basis of fuel type, the market is segmented into diesel, gasoline& LPG/CNG, and electric/hybrid. On the basis of end-use industry, the market is segmented into Retail & Wholesale, transportation & logistics, Automotive and Electrical Engineering, Food Industry, and other industries (chemical, wooden, and paper & print industry). On the basis of geography, the forklift market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East.

Key features of the study:

This report provides an in-depth analysis of the forklift market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global forklift market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

Key companies covered as a part of this study include Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Crown Equipment Corporation, Mitsubishi Nichiyu Forklift Co., Ltd., UniCarriers corp., Anhui Heli Co., Ltd., Komatsu Ltd., Clark Material Handling Company, Doosan Industrial Vehicle and Hangcha Group Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global forklift market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the forklift market

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This release was published on openPR.