Forklift Market : Industry Insights, Outlook and Forecast upto 2025
A forklift, also known as forklift truck, or a fork truck or lift truck is an industrial vehicle used to lift and move materials from one place to another for short and medium distances in manufacturing and warehouse operations. Their main use are in material handling applications. Forklifts are used in general manufacturing, warehousing, auto industry, lumber yards, retail, brick or stone distribution, heavy-duty manufacturing, shipping and freight and paper rolling industries among others. By tonnage capacity the market is segmented into less than 5 tones, 5 to 10 tones, 11 to 36 tones and greater than 36 tones. By application the market is segmented into manufacturing, warehousing and distribution, freight & logistics and others. By fuel type the market is segmented into gasoline, diesel, electric battery, compressed natural gas (CNG) and liquid propane gas (LPG). By class the market is segmented into class 1, class 2, class 3, class 4, class 5, class 6 and class 7. Obtain Report Details @ http://www.transparencymarketresearch.com/forklift-market.html By geography the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is a major forklift market. The U.S is the largest market in this region which a market share of approx. seventy percent in whole of America in 2013. Canada and Mexico are other major markets in this region. Europe is the second largest forklift market in the world. Germany is the largest market in this region. The U.K., France, Italy, Spain, Belgium, Sweden and Netherlands are other major markets in this region. Europe had the highest y-o-y growth in shipment and order of forklifts compared to North America and Latin America in 2015. Asia Pacific is the largest forklift market in the world. China is the largest market in the region. Japan, India, South Korea, Australia are other major markets in this region. In Asia Pacific there was a decrease in y-o-y of shipment and order of forklifts in 2015 due to decrease in sale of Chinese forklift manufacturers. But in Australia there was an increase in y-o-y growth in shipment and order in 2015. Middle East & Africa is a significant forklift market. Iran, Turkey, Saudi Arabia and South Africa are major markets in this region.
In Africa there was a huge decrease in y-o-y of shipment and order of forklifts in 2015. Latin America is another prominent forklift market in the world. Brazil is the largest market in this region followed by Argentina. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27332 The report also contains details of market share analysis of key players in the market. As per Industrial Truck Association the top forklift manufacturing firms are Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), Crown Equipment Corporation (the U.S), Hyster-Yale Materials Handling, Inc. (the U.S.), Mitsubishi Nichiyu Forklift Co., Ltd. (Japan), UniCarriers Americas (the U.S), Anhui HELI Co. Ltd Limited (China), Komatsu Ltd. (Japan), Clark Material Handling Company (the U.S), Doosan Industrial Vehicle America Corp. (the U.S), Hangcha Group Co., Ltd. (China), Hyundai Heavy Industries (South Korea), Combilift (Ireland) and Lonking Holdings Limited (China) among others. About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement. Contact Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030
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