Industry

Forklift Trucks Market Segmentation, Application, Trends, Opportunity & Forecast 2019 To 2023

Press Release

Global Forklift Trucks Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

The purpose of forklift trucks is to lift and move materials within short distances. They are required in all industries. Market Research Future (MRFR) reported about the global forklift trucks market in their latest study that vaticinates gains at 5.9% CAGR between 2017 and 2023. By value, the market has been figured to be worth the $ 41.73 BN by the end of the forecast period.

Key players in the global forklift trucks market include Anhui HELI Co. Ltd (China), Crown Equipment Corporation (UK), Hyster-Yale Material Handling Inc. (USA), Jungheinrich Group (Germany), Kalmar Global (Finland), KION Group AG (Germany), Komatsu Ltd. (Japan), Mitsubishi Nichiyu Forklift Corporation (Japan), The Raymond Corporation (USA), and Toyota Industries Corporation (Japan).

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Monitoring the market structure, this report mensurates the future growth potential of the market. It chalks the strategies of the key players in the market and helps in the competitive developments like new product developments, mergers & acquisitions, joint ventures, and research & developments (R&D) in the market.

The imperative factor driving the global forklift trucks market growth is the growing demand from the manufacturing industry. Other important factors initiating market growth include an increase in productivity, and reduced accidents as well as injuriesalong with operator comfort. However, the high cost of electric-powered forklift trucks can hinder the market growth.

Latest Industry News

  • Yale is introducing its new UX Series of lift trucks for clients in the Asia Pacific market. Yale aims to offer clients, cost-effective material handling solutions from a trustworthy supplier with a reputable service backup. 12 JUNE 2019
  • A Minworth warehouse Maybrook Business Park has been let to a forklift firm called Impact Fork Trucks on a five-year lease. Having 13 depots and eight dealers located throughout the UK, Impact Fork Trucks have taken this 9,177 sq ft warehouse, intending to expand their national operation. 12 JUNE 2019
  • Leicestershire-based Cesab forklift dealership Angus Lift Trucks has made a six-figure investment in new 20,000 square feet premises. 9 JUNE 2019
  • Narrow Aisle Ltd has launched remanufactured machines in its Flexi ECO AC range of ‘second life’ articulated reach trucks. Rebuilt Flexis are now being offered with the same factory warranty terms as new-build Flexi units. 12 JUNE 2019

Market Segmentation

The global Forklift Trucks Market segmentation covers application, capacity, technology, and region. Under the application-based segmentation, the covered segments are logistics, manufacturing, retail & wholesale, and others. Based on capacity, the market is being segmented into below 5 tons and above 5 tons. Regarding technology, the market has been segmented into the electric powered truck, and internal combustion engine powered truck.

Regional Segmentation

Geographically, the global forklift trucks market features Asia Pacific, Europe, North America, and the Rest of the World (RoW). The Asia Pacific has maximum market coverage, followed by Europe. Rising industrialization in the Asia Pacific region is the primary factor for market growth. It is also the fastest growing regional market. The prominent country-specific regional markets are China, India, and Japan.

Europe is another important regional market and is expected to contribute significantly to the global market during the forecast period. Noteworthy country-specific markets in this region are France, Germany, Spain, and the UK. In North America, the market is extending due to many established industrial sectors that require a regular supply of raw materials necessary for production. Many key market players are based in North America. Hence, forklift trucks are always required in this region. Country-specific markets that generate maximum revenue in this region are the USA and Canada.

Target Audience

  • Manufacturing OrganizationsDistributors & Suppliers
  • Government as well as Independent Regulatory Authorities
  • Research Institute / Education Institute
  • Potential Investors

Scope of Report

The report for Global Forklift Trucks Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Study Objectives of Global Forklift Trucks Market:

  • To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global forklift trucks market
  • To provide insights about factors affecting the market growth
  • To analyze the global forklift trucks market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, APAC, and Rest of the World (ROW) and their countries
  • To provide country level analysis of the market with respect to the current market size and future prospective
  • To provide country level analysis of the market segmented, by technology, by capacity, by applications, and by regions
  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the forklift trucks market

List of Tables

Table 1 Global Forklift Trucks Market, by Technology
Table 2 Global Forklift Trucks Market, by Capacity
Table 3 Global Forklift Trucks Market, by Application
Table 4 Global Forklift Trucks Market, by Regions
Table 5 North America Forklift Trucks Market, by Country
Table 6 North America Forklift Trucks Market, by Technology
Table 7 North America Forklift Trucks Market, by Capacity
Table 8 North America Forklift Trucks Market, by Application
Table 9 U.s. Forklift Trucks Market, by Technology
Table 10 U.s. Forklift Trucks Market, by Capacity

Continued…….

List of Figures

Figure 1 Research Capacity
Figure 2 Global Forklift Trucks Market: by Technology (%)
Figure 3 Global Forklift Trucks Market: by Capacity (%)
Figure 4 Global Forklift Trucks Market: by Application (%)
Figure 5 Global Forklift Trucks Market: by Region
Figure 6 North America Forklift Trucks Market, by Technology (%)
Figure 7 North America Forklift Trucks Market, by Capacity (%)
Figure 8 North America Forklift Trucks Market, by Application (%)
Figure 9 Europe Forklift Trucks Market, by Technology (%)
Figure 10 Europe Forklift Trucks Market, by Capacity (%)

Continued……

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