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(Transportation-News.com, October 06, 2018 ) Australia forklift truck market is expected to reach USD 2.86 billion by the end of 2024, growing at a CAGR of 7.48% over the forecast period, 2016-2024. Development in e-commerce business and logistics model are major driving factors in the growth of the Australia forklift market.
Australia Forklift truck market segmentation has been done on the basis of product type, fuel type, end users, and geography. Class I (Electric Motor Rider Truck) accounted for the largest market share in 2016 and is expected to grow at the fastest rate over the forecast period due to its high productivity and cost efficiency. Australia Forklift truck market is dominated by Toyota Motors, having nearly 34% market share. IC engine accounted for 40% market share but battery-electric forklift truck is expected to take over the market share on the back of a sustainable environment.
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Market Segmentation
On the basis of our in-depth analysis, Australia Forklift truck Market can be segmented as follows:
By Product Type
• Class I (Electric Motor Rider Trucks)
• Class II (Electric Motor Narrow Aisle Trucks)
• Class III (Hand Rider Trucks)
• Class IV (IC Engine Trucks, solid/Cushion Tires)
• Class V (IC Engine Trucks, Pneumatic Tires)
• Class VI (Electric and IC Engine Tractors)
• Class VII (Rough Terrain Forklift Trucks)
By Fuel Type
• Diesel
• Gasoline
• Electric
By End Users
• Paper Industry
• Ports and Logistics
• Radio Active Waste
• Automobile Industry
• Iron and Steel Industry
• Food and Beverages
• Wood Industry
• Others
On the basis of region
• Northern Australia Forklift Truck Market Analysis, 2016-2024
• Eastern Australia Forklift Truck Market Analysis, 2016-2024
• Western Australia Forklift Truck Market Analysis, 2016-2024
• Southern Australia Forklift Truck Market Analysis, 2016-2024
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“Australia Forklift Truck Market Outlook 2024” contains a detailed overview of the Australia forklift truck market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, fuel type, end users, and countries.
The Australia Forklift Truck Market Report encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of forklift truck market report helps the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the Australia forklift truck market discussed in the report are Toyota Industries Corporation, Crown, MANITOU, Clark, Linde, Hyster-Yale, Mitsubishi, Jungheinrich AG, Hyundai and Heli Co. Ltd., etc.
Further, Australia Forklift Truck Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Forklift Truck Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
Overall, the report represents the Australian forklift truck market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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Browse Similar Report: Electric Forklift Truck Market
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Steve Blade
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