New York, USA, 2018-Jul-30 — /EPR Network/ —According to Goldstein Research, global forklift truck market is expected to reach USD 56.8 billion by 2024 from USD 36.2 billion in 2015, growing at a CAGR of 5.7% over the forecast period 2016-2024. Rapid industrialization and adoption of smart forklift trucks in the logistics industry are driving the growth of global forklift trucks market. Forklift truck market segmentation has been carried out on the basis of product, fuel types, end-users type. Electric forklift trucks are gaining traction among the end-use industries on the back of their low running cost and low maintenance, constituted 23% market share in 2016 of the global forklift trucks market.

Global forklift truck market is dominated by Asia-Pacific with over 39% of volume share and expected to maintain its dominance owing to rapid urbanization and rising construction activities in the region. APAC is closely followed by Europe and North America.

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Market Segmentation

On the basis of our in-depth analysis, Global Forklift Truck Market can be segmented as follows:

By Product Type

• Class I (Electric Motor Rider Trucks)
• Class II (Electric Motor Narrow Aisle Trucks)
• Class III (Hand Rider Trucks)
• Class IV (IC Engine Trucks, solid/Cushion Tires)
• Class V (IC Engine Trucks, Pneumatic Tires)
• Class VI (Electric and IC Engine Tractors)
• Class VII (Rough Terrain Forklift Trucks)

By Fuel Type

• Diesel
• Gasoline
• Electric/Hybrid

By End Users

• Retail Sector
• Transportation & Logistics
• Automotive Sector
• Manufacturing Sector
• Food and Beverages
• Others (Wood Industry, Paper Industry, etc)

 By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Forklift Truck Market Outlook 2024” contains a detailed overview of the global forklift truck market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product, by fuel types, by end-users type.

Further, for the in-depth analysis, Global Forklift Truck Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This global market research report also includes competitive outlook of some of the major players profiling of companies such asToyota Motor Corporation, Mitsubishi Nichiyu Forklift Co. Ltd., HeLi Co. Ltd., Kion Group AG, Jungheinrich AG, Anhui Forklift Group Co. Ltd., UniCarriers , Hyster-Yale Material Handling, HYTSU Group, Hyundai Heavy Industries, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global forklift truck market size along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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