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(Transportation-News.com, August 02, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of Global Forklift Market for 2018-2023.
Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the forklift truck market.
In the coming years there is an increasing demand for Forklift in the regions of Asia that is expected to drive the market for more advanced Forklift. Growth in government budgets in the principal countries, increasing of warehouse expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, Increasing adoption of Forklift will drive growth in Asia markets.
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The Forklift industry market is concentrated as the manufacturing technology of Forklift is relatively matures than some high-tech equipment. And some enterprises, like Heli, Hangcha, Toyota, Kion, etc. are well-known for the wonderful performance of their Forklift and related services. At the same time, China is remarkable in the Malaysia, Singapore, Vietnam, and China Forklift industry because of the lowest cost of raw material and labor.
The consumption volume of Forklift is related to downstream industries and Malaysia, Singapore, Vietnam, and China economy. As there will always be some uncertain in the Malaysia, Singapore, Vietnam, and China economy in the following years, the growth rate of Forklift industry may not keep that fast. But it is surely forecasted that the market of Forklift is still promising.
Over the next five years, Forklift will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Forklift market by product type, application, key manufacturers and key regions.
To calculate the market size, value and volume generated from the sales of the following segments:
Segmentation by product type:
Internal Combustion Forklift
Electric Forklift
Fuel Cells Forklift
Others
Segmentation by application:
Factories
Warehouses
Stations
Ports
Airports
Distribution centers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Heli
Hangcha
Toyota
Kion
Lonking
Jungheinrich
Mitsubishi Logisnext
Hyster-Yale
Tailift
Liugong
Crown
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Forklift consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Forklift market by identifying its various subsegments.
Focuses on the key global Forklift manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Forklift with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Forklift submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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