Global Forklift Truck Market, by Engine Power, by Class, by Region, Growth Potential, Competitive Market Share and Forecast, 2015-2025

Vancouver, WA -- (SBWire) -- 11/20/2019 --Market Overview:

Forklift is a power industrial truck used for handling different materials utilized to transfer goods over a short distance. The forklift market is projected to witness notable growth in future owing to high efficiency, eco-friendly nature, and low operation cost. Expansion of logistics industry and economic growth driven by emerging economies have led to increase in logistics volume and therefore, strengthening the growth of forklift market. Moreover, rising e-commerce businesses have necessitated the larger logistic sites and more proficient logistic operations.

Manufacturers of materials handling equipment are focusing towards the advancement of equipment with high performance owing to the growing need for fuel efficiency and green technology based vehicles. Moreover, other factors such as growing population, increasing demand for supply chain of different products across the globe and rising globalization are anticipated to further propel demand for forklifts globally, over the coming years.

According to report by BlueWeave Consulting, "Global Forklift Truck Market, by Engine Power, by End-Use, by Class, by Region, Growth Potential, Competitive Market Share and Forecast, 2015-2025" The Global forklift truck market is projected to grow with a significant growth rate during the forecast period 2018-2025.

Retail segment is projected to be the Leading segment in the Global forklift truck market during the forecast period.

The Retail segment dominates the overall forklift truck market and anticipated to lead the market over the forecast period 2018-2025. Owing to growth in e-commerce business, expansion of warehouse space globally and rising manufacturing industries. With the technological advancement and economic level, the forklift truck is likely to grow over the forecast period. Forklift trucks provide higher flexibility and operational speed for repeated material handling tasks which makes it suitable for numerous construction activities. Moreover, stringent government regulations related to carbon emissions in numerous countries and rise in adoption of electric forklift truck are expected to fuel the forklift truck market growth in the future.

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Asia-Pacific accounts for the largest share of the global forklift truck market during the forecast period.

China exhibits the fastest growing region over the forecast period due to the various factors like favorable economic environment and a need for technological advancement in in-house logistics in the country. Asia-Pacific and Europe are the major demand generating regions in the global forklift market. Owing to surging demand for new commercial hubs, airports, seaports, and road construction in the regions, government scheme such as Make in India. Factors such as favorable economic environment and technological advancements will fuel the demand for forklift truck globally. Moreover, increasing penetration of e-commerce companies in countries like India & China is further bolstering the growth of the forklift market in the region.

Global Forklift Truck Market Competitive Landscape
Companies such as Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Mitsubishi Logisnext Company Ltd., Crown Equipment Corp., Hyster-Yale Materials Handling, Inc., Anhui Forklift Truck Group Co. Ltd., Hangcha Group Co. Ltd., Doosan Industrial Vehicle, and Clark Material Handling International, Inc. are the key players of forklift truck market globally.

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The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global forklift truck Market size & forecast. The report promises to provide state-of-the-art technology of forklift truck and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

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Objective of the Study:

- To analyze and forecast market size of the global forklift truck market, in terms of value & volume.
- To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting forklift truck market into five regions namely, North America, Europe, Asia Pacific, Middle East, and their leading countries.
- To outline, categorized and forecast the global forklift truck market on the basis of engine power, by end-use and by class.
- To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global forklift truck market.
- To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
- To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Global Forklift Truck Market Competitive Landscape

Companies such as Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Mitsubishi Logisnext Company Ltd., Crown Equipment Corp., Hyster-Yale Materials Handling, Inc., Anhui Forklift Truck Group Co. Ltd., Hangcha Group Co. Ltd., Doosan Industrial Vehicle, and Clark Material Handling International, Inc. are the key players of forklift truck market globally.

Key Target Audience:

- Market research and consulting firms
- Industry associations
- Raw material suppliers
- Global forklift truck manufacturers
- Research organizations and consulting companies
- Organizations, associations and alliances related to forklift Truck market
- Regulatory bodies
Scope of the Report

By Engine Power

- IC Engine Power
- Electric Power
By End-User

- Transportation and Logistics
- Retail Industry
- General Manufacturing
- Construction
- Food & Beverages
By Class

- Class I
- Class II
- Class III
- Class IV
- Class V
Business Questions answer by the report

- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client

Client satisfaction is our first and last priority. And that's why BlueWeave Consulting offers customization according to Company's specific needs. The following customization options are available for the report:

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Additional Company Information

- With five additional company detail analysis.
- Additional country analysis.
- Detailed segment analysis.
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