2018 Global Forklift Truck Market Report (2016-2023): Insights, Opportunity Analysis and Market Shares - Rise in Adoption of Green Logistics Solutions - ResearchAndMarkets.com

DUBLIN--()--The "Global Forklift Truck Market Insights, Opportunity Analysis, Market Shares and Forecast 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.

The research estimates that the global forklift truck market is anticipated to grow at a CAGR of 6.4% during the forecasted period of 2016-2023.

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 2016-2023.

Market Dynamics

Drivers

  • Rising Applications in Manufacturing Industries
  • Worldwide Growth in e-Commerce Business
  • Growth of the Construction Industry

Restraints

  • Limited Number of Raw Material Suppliers
  • Cyclic Nature of Lift Truck Business

Opportunities

  • Rising Technological Advancements
  • Rise in Adoption of Green Logistics Solutions

Challenges

  • Complexity in Design
  • Cyclic Nature of Lift Truck Business

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/5v5ct8/2018_global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Forklifts

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Forklifts