Forklift Trucks Market to Cross an Estimated Worth of USD 41.73 Billion by 2022
Aug 24, 2017
Global Forklift Trucks Market Information by Technology (Electric Powered, and Internal Combustion Engine Powered), by Capacity (Below 5 tons and above 5 tons), by Application (Manufacturing, Logistic, Retail & Wholesale and others) and by Region - Forecast to 2023
Pune, India - August 24, 2017 /MarketersMedia/ —
Market Overview and Highlights:
Forklift Trucks are used to lift and move materials within short distances. Growing e-commerce business across the globe ultimately increases the demand of forklift trucks market. However, environmental concerns regarding the use of IC-engine type forklift trucks may hamper the growth of the market.
The Global Forklift Trucks Market is projected to reach USD 41.73 billion by 2023, at a CAGR of 5.9% from 2017 to 2023.
Major Key Players:
The key players of Global Forklift Trucks Market are –
• Komastu Ltd. (Japan)
• Toyota Industries Corporation (Japan)
• KION Group AG (Germany)
• Hyster-Yale Material Handling Inc. (U.S.)
• Jungheinrich Group (Germany)
• Mitsubishi Nichiyu Forklift Corporation (Japan)
• Crown Equipment Corporation (U.K)
• The Raymond Corporation (U.S.)
• ANHUI HELI CO., LTD (China)
• Kalmar Global (Finland)
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Market Research Analysis:
On the basis of regions, the global forklift trucks market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the forklift trucks market. The demand of forklift trucks market in Asia-Pacific region is driven by the factors such as growth in industrialization, and construction & infrastructure activities. In Asia-Pacific region, China, India, Malaysia, and Indonesia are major markets for forklift trucks. This region is expected to grow at the fastest pace during the forecast period
Europe is the second largest market for the forklift trucks. The demand for electric powered forklift trucks is increasing in this region mainly due to the stringent emission norms. North America is expected to contribute significantly to the global forklift trucks market during the forecast period.
Scope of the Report:
This study provides an overview of the global forklift trucks market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global forklift trucks market as technology, capacity and application.
Details of Report @ https://www.marketresearchfuture.com/reports/forklift-trucks-market-2920
By Technology:
• Electric Powered
• Internal Combustion Engine Powered
By Capacity:
• Below 5 tons
• Above 5 tons
By Application:
• Manufacturing
• Logistic
• Retail & Wholesale
• others
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Akash Anand
Email: [email protected]
Organization: Market Research Future (MRFR)
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/forklift-trucks-market-2920
Source: MarketersMedia
Release ID: 231535
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