Global Forklift Trucks Market Report 2016-2024

New York, USA, 2018-Oct-20 — /EPR Network/ —According to Goldstein Research, Global forklift trucks market is expected to reach USD 56.8 billion by the end of 2024, growing at a CAGR of 5.7% over the forecast period, 2016-2024. Growth in the e-commerce industry and expansion of warehouses are driving the demand for forklift trucks. Global Forklift trucks market segmentation has been done on the basis of product type, fuel type, end-users, and geography. The growth of the e-commerce industry accounted for 63.2% share all shipments, and the growing construction industry has fuelled up the demand for forklift trucks. Further, intensive R&D is witnessed in the market such as improving the fuel efficiency of IC engines of forklift trucks.

It is dominated by Asia-Pacific with 39% volume share in 2015. APAC is closely followed by Europe, growing at a CAGR of 3.6% over the forecast period. Moreover, the growing construction industry in the Middle East and Africa region, there is growing demand for forklift trucks in this region.

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Market Segmentation

On the basis of our in-depth analysis, Global Forklift Trucks 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 Forklift Trucks Market Analysis, 2016-2024
  • Europe Forklift Trucks Market Analysis, 2016-2024
  • The Middle East And Africa Forklift Trucks Market Analysis, 2016-2024
  • Latin America Forklift Trucks Market Analysis, 2016-2024
  • Asia Pacific Forklift Trucks Market Analysis, 2016-2024
  • Rest Of The World Forklift Trucks Market Analysis, 2016-2024

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Forklift Trucks Market Analysis” discusses a comprehensive overview of the global forklift trucks market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, fuel type, end-user and geography.

The Global Forklift Trucks Market Report highlights the competitive outlook of major global players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of forklift trucks market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global forklift trucks market discussed in the report are Mitsubishi Nichiyu Forklift Co. Ltd., Toyota Industries Corporation, HeLi Co. Ltd., Kion Group AG, Anhui Forklift Group Co. Ltd., Jungheinrich AG, UniCarriers, HYTSU Group, Hyster-Yale Material Handling, Hyundai Heavy Industries, etc.

Further, Global Forklift Trucks Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Forklift Trucks Share also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also contains the expert analysis related to complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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Browse similar reports recently published by “Goldstein Research” on Electric Forklift Truck Market Analysis report to get a detailed insight, market-oriented facts & figures of the Industry.

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