Global Forklift Truck Market to 2024 - Market is Anticipated to Grow at a CAGR of 6.4%
DUBLIN, Dec. 17, 2018 /PRNewswire/ --
The "Global Forklift Truck Market- Technologies, Market Share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering
The analysis estimates that the global forklift truck market is anticipated to grow at a CAGR of 6.4% during the forecasted period of 2017-2024.
The key trend which is positively influencing the growth of forklift truck market is technological advancements which helps improve forklifts where they are integrated with sensors and other components.
The global forklift truck market is mainly driven by growth in manufacturing industries, growth in e-commerce business and rising demand in construction industry. Moreover, the key opportunities for the global forklift truck market are increasing technological advancements and ultra-capacitors that meet the demand for forklift trucks.
Global Forklift truck market report covers segmentation by its basis of product, technology and end-user. Based on product segment the market is classified into counterbalance type and warehouse type of which counterbalance was the highest revenue- generating segment.
Based on end-user the market is classified into retail & wholesale, logistics, automotive, food industry and others of which retail & wholesale dominates the market due to rising applications of forklift trucks in retail and wholesale industry. On the basis of technology segment, the antibody production market is classified into IC (Integrated circuit) engine powered and electric powered type.
Geographically, Asia-Pacific dominates the global Forklift truck market due to rising urbanization and industrialization. Moreover, Japan, India and China are the major economies in Asia-Pacific that contribute to the adoption of forklift trucks. Additionally, China's fast-growing e-commerce sector drives the demand for forklift trucks.
Moreover, rising adoption of electric forklift truck are expected to fuel the forklift truck market growth in the future. Further, Asia-Pacific is expected to be a fastest growing region during the forecasted period of 2017-2024.
Some of the key market players of Forklift truck market are Toyota Industries Corporation, Kion Group AG, Crown Equipment Corporation, Clark Material Handling Co. Ltd., UniCarriers Americas Corporation, Hyster-Yale Materials Handling, Inc, Mitsubishi Nichiyu Forklift Co. Ltd., Anhui Heli Co., Ltd. and others.
These companies are using various strategies such as expansion, merger & acquisitions, collaboration, partnership and product launch to hold large market share.
Key Topics Covered:
1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology
2. Market Overview
2.1. Global Forklift Truck Market : Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.8. Competitive Analysis
2.9. Strategic Recommendations & Key Conclusions
3. Market Determinants
3.1. Market Drivers
3.1.1. Rising Applications In Manufacturing Industries
3.1.2. Worldwide Growth In E-Commerce Business
3.1.3. Growth Of The Construction Industry
3.1.4. Expansion Of Warehouse Space Globally
3.2. Market Restraints
3.2.1. Limited Number Of Raw Material Suppliers
3.2.2. Cyclic Nature Of Lift Truck Business
3.3. Market Opportunities
3.3.1. Rising Technological Advancements
3.3.2. Rise In Adoption Of Green Logistics Solutions
3.4. Market Challenges
3.4.1. Complexity In Design
3.4.2. Cyclic Nature Of Lift Truck Business
4. Market Segmentation
4.1. Global Forklift Truck Market By Product Type
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4. Opportunity Matrix
4.1.5. Market Segmentation
4.1.5.1. Global Warehousing Equipment Market
4.1.5.2. Global Internal Combustion Engine-Powered Counterbalance Trucks Market
4.2. Global Forklift Truck Market By Class
4.2.1. Market Definition And Scope
4.2.2. Decision Support Database & Estimation Methodology
4.2.3. Comparative Analysis Across Market Segments
4.2.4. Opportunity Matrix
4.2.5. Market Segmentation
4.2.5.1. Global Electric Motor Rider Trucks (Class 1) Market
4.2.5.2. Global Electric Motor Narrow Aisle Trucks (Class 2) Market
4.2.5.3. Global Electric Motor Hand Trucks (Class 3) Market
4.2.5.4. Global Internal Combustion Engine Trucks (Solid/Cushion Trucks) (Class 4) Market
4.2.5.5. Global Electric & Internal Combustion Engine Tractors (Class 5) Market
4.3. Global Forklift Truck Market By Power Source
4.3.1. Market Definition And Scope
4.3.2. Decision Support Database & Estimation Methodology
4.3.3. Comparative Analysis Across Market Segments
4.3.4. Opportunity Matrix
4.3.5. Market Segmentation
4.3.5.1. Global Internal Combustion Engine Power Market
4.3.5.2. Global Electric-Powered Engine Market
4.4. Global Forklift Truck Market By End User
4.4.1. Market Definition And Scope
4.4.2. Decision Support Database & Estimation Methodology
4.4.3. Comparative Analysis Across Market Segments
4.4.4. Opportunity Matrix
4.4.5. Market Segmentation
4.4.5.1. Global Retail & Wholesale Market
4.4.5.2. Global Logistics Market
4.4.5.3. Global Automotive Market
4.4.5.4. Global Food Industry Market
4.4.5.5. Global Others Market
5. Competitive Landscape
5.1. Key Strategies
5.1.1. List Of Mergers And Acquisition
5.1.2. List Of Joint Ventures
5.1.3. List Of Product Launches
5.1.4. List Of Partnerships
6. Geographic Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4. Global Forklift Truck Market By Region 2015-2024
7. Company Profiles
- Anhui Heli Co., Ltd. (China)
- Clark Material Handling Co. Ltd. (United States)
- Crown Equipment Corporation (United States)
- Doosan Industrial Vehicle ( South Korea)
- EP Equipment Ltd. (U.K)
- Godrej & Boyce Manufacturing (India)
- Hangcha Group Co. Ltd. (China)
- Hyster-Yale Materials Handling Inc. (United States)
- Hyundai Heavy Industries (South Korea)
- Jungheinrich AG (Germany)
- Kion Group AG (Germany)
- Komatsu Ltd. (Japan)
- Mitsubishi Nichiyu Forklift Co., Ltd. (Japan)
- Toyota Industries Corporation (Japan)
- Unicarriers Americas Corporation (United States)
For more information about this report visit https://www.researchandmarkets.com/research/94bl5t/global_forklift?w=5
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