Global Forklift Market valued approximately USD 694.22 million in 2016 is anticipated to grow with a healthy growth rate of more than 20.8% over the forecast period 2017-2025. Forklift is a vehicle with a pronged device in front used majorly for carrying and lifting heavy loads. The major factors expected to drive the market are the rising usage of forklifts in the e-commerce & warehouse segment and the technological advancements in the forklifts.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Gasoline & LPG/CNG
Electric or Battery Operated
Class 4 & 5
Less than 5 Tons
5 – 10 Tons
11 – 36 Tons
More than 36
Retail & Wholesale Distribution
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Hyster-Yale Material handling Inc., Toyota Industries Corp., Crown Equipment Corp., Hyundai Heavy Industries, KION Group AG, Jungheinrich group, Komatsu Ltd., and Mitsubishi Nichiyu Forklift Corp. Acquisitions & effective mergers, and continuous technological innovations are some of the strategies adopted by the key manufacturers. New product launches are also one of the key strategies adopted by the major players.
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