Forklift Truck Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024 Fork lift truck or fork truck is an industrial truck which is powered to lift and transport materials in warehouses, shipping depots, manufacturing and many others. After the World War II, the use and development of forklift truck has increased globally. A forklift can only load a specified maximum weight and cannot exceed the specifications, which are also mentioned on a nameplate provided by the manufacture. Overweight of loads or speed may cause disastrous tip-over accidents. These trucks are addressed in specific standards for the construction, general industry, marine terminals and longshoring, For instance, standards provided by the Occupational Safety and Health Administration (OSHA), an agency of the United States Department of Labour, compliance information that applied to specific activities, involving loading and unloading, working with hazardous materials and vehicle maintenance. Forklift trucks are available in many variations and load capacities, with large machines have capacity of loading up to 50 tons. Browse Complete Report @ https://www.variantmarketresearch.com/reportcategories/automotive/forklift-truck-market
Need for removing loads from storage and loading and unloading the goods in yards or at a dock with ease is the principal reason for the growth of the market. Moreover, growing e-commerce business and expansion of warehouse space and increased are also expected to drive the market. Lower speed and limited lift capabilities along with
need for battery charging stations and spare batteries to avoid downtime may hinder the growth of the market. Technological advancements and untapped markets provide excellent opportunity for the growth of market in upcoming years. The market is segmented on the basis of product type, technology and regions. Based on the type of product, the market is segmented into industrial reach forklift trucks, industrial counterbalance forklifts, rough terrain forklifts, industrial side loader forklifts, telescopic handler forklifts, and pedestrian operated pallet trucks. Furthermore, based on technology, the market has been bifurcated into electric powered fork lift truck, internal combustion engine powered forklift truck. Based on regions, market has been segmented into North America, Europe, Asia Pacific and RoW. Get Sample Copy Of This Report @ http://bit.ly/2qVSBIB Major companies operating in this market are Toyota Industries Corp., Kion Group AG, NACCO Material Handling Group, Godrej & Boyce Mfg. Co. Ltd., Crown Equipment Corp., Hytsu Group, Nippon Yusoki Co. Ltd., Combilift Ltd., UniCarriers Corp., and Mitsubishi Caterpillar Forklift America Inc. Scope of Forklift Truck Market Product Type Segments • • • • • •
Industrial Reach Forklift Trucks Industrial Counterbalance Forklifts Rough Terrain Forklifts Industrial Side Loader Forklifts Telescopic Handler Forklifts Pedestrian Operated Pallet Trucks
Technology Segments • •
Electric Powered Fork Lift Truck Internal Combustion Engine Powered Forklift Truck
Geographical Segments
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North America o US o Canada o Mexico Europe o Germany o France o United Kingdom o Spain o Others Asia-Pacific o o o o o
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China India Japan South Korea Others
RoW o
South America Middle East
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Africa
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