A forklift truck is a power industrial truck used to handle other materials. The forklift market is expected to grow remarkably in the future due to the competitive advantage of electric forklifts, such as high efficiency, eco-friendliness and low operating costs compared to other forklift trucks. The growth of the market is expected to accelerate as the application of forklifts in the industrial sector such as the food and automobile industries increases. In addition, as warehouse space for the automotive and food industries increases, forklift demand increases.
First, in recent time, high growth in the transport and trading industries, as well as the increasing penetration rate of forklift trucks in manufacturing industry, is some of the major drivers of global forklift truck industry. Second, during the past sixteen years from 2000 to 2015, global forklift truck industry developed fast, with annual factory shipment increased from 603.58 k units in 2000 to more than 1000 k units in 2014 and 2015, and the CAGR is near 4%. Third, at present, global forklift truck industry shows a high concentration. Among the manufacturers, Toyota (Japan) and Kion (Germany) are the top two largest around the world with more than 35% of the global total revenue in 2015. In Europe, Kion (Germany) and Jungheinrich (Germany) are the largest two companies while Hyster-Yale and Crown are the largest in USA.
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Forklift Trucks Market Major Players Segment Analysis (Company and Product introduction,
Forklift Trucks Sales Volume, Revenue, Price and Gross Margin):
- Mitsubishi Nichiyu
- Anhui Heli
- Tailift Group
- Hytsu Group
- Godrej & Boyce
Analysis and discussion of important industry trends, market size, and market share estimates are also covered in this Forklift Trucks. 2017 is the base year while 2016 is the historic year for calculation in the report. These calculations will provide you estimations about how the Forklift Trucks market is going to perform in the forecast years by informing you what the market definition, classifications, applications, and engagements are.
To calculate the market size, Research for Markets considers value generated from the sales of the following segments:
Forklift Trucks Market Segmentation by product type: breakdown data 2019 and forecast to 2024
- Electric Motor Rider Trucks
- Electric Motor Narrow Aisle Trucks
- Electric Motor Hand or Hand-Rider Trucks
- Internal Combustion Engine Trucks – Cushion Tires
- Internal Combustion Engine Trucks – Pneumatic Tires
- Electric and Internal Combustion Engine Tractors
- Rough Terrain Forklift Trucks
Forklift Trucks Market Segmentation by application: breakdown data from 2019 and forecast to 2024
- Distribution centers
The global Forklift Trucks market is segmented into five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Asia-Pacific region is the largest Forklift Trucks market, closely followed by Europe, in terms of value. The growing end-use industries such as, automotive, footwear, and furnishing, coupled with regulations regarding animal welfare is driving the demand for Forklift Trucks in the Asia-Pacific region. The presence of many international fashion brands in Europe is driving the demand for Forklift Trucks in the region.
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Forklift Trucks Market: Major Table of Contents
1 Market Overview
2 Competitions by Players
3 Competitions by Types
4 Competitions by Applications
5 Production Market Analyses by Regions
6 Market Analysis by Region
7 Imports and Exports Market Analysis
8 Players Profiles and Sales Data
9 Upstream and Downstream Analysis
10 Market Forecast (2019-2024)
11 Research Findings and Conclusion
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- Major countries in all major regions are mapped according to market share.
- The Porters Five Forces analysis highlights the capabilities of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier networks.
- In-depth analysis of market segmentation helps determine the dominant market opportunity.
- The major countries in each region are mapped according to the revenue contribution to the global industry.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of the market player.
- The report includes an analysis of the global market as well as the regional markets, key players, market segments and application areas and growth strategies in detail.
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