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.
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.
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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.
Scope of the Report
By Engine Power
- IC Engine Power
- Electric Power
- Transportation and Logistics
- Retail Industry
- General Manufacturing
- Food & Beverages
- Class I
- Class II
- Class III
- Class IV
- Class V
In addition, the report provides analysis of the forklift truck market with respect to the following geographic segments and their high performing regions:
- North America
- Asia Pacific (APAC)
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