Bharat Book Bureau Provides the Trending Market Research Report on“Global Forklift Market, Forecast to 2025” underIndustry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends,Key Manufacturers, global presence, and their future prospects.
Global Forklift Market valued approximately USD 694.22 million in 2016 is anticipated to grow with a healthy growth rate of more than20.8% 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.
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.
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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 1
- Class 2
- Class 3
- Class 4 & 5
Tonnage:-Less than 5 Tons
- 5 – 10 Tons
- 11 – 36 Tons
- More than 36
- Retail & Wholesale Distribution
- North America
- Asia Pacific
- Latin America
- Rest of the World
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.
Target Audience of theForklift Market Study
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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