Forklift Truck Market Insights, Trends, Outlook 2025 Global forklift truck market

Global Forklift Truck market Size, Demand, Cost Structures,
Latest trends, and Forecasts to 2025
Global forklift truck market drives the new growth opportunities in a different
segment. Owing to growth in e-commerce business, expansion of warehouse
space globally and rising manufacturing industries. Forklift trucks are motorized
vehicles which are mainly used for movement, independent lifting, and placement
of discrete loads throughout a facility.
According to report by BlueWeave Consulting, Global Forklift Truck Market, by Engine
Power, by End-Use, by Class, by Region, Growth Potential, Competitive Market Share and
Forecast, 2015-2025.The Global forklift truck market is projected to grow with a significant
growth rate during the forecast period 2018-2025.
Forklift is a power industrial truck used for handling different materials utilized to transfer
goods over a short distance. The forklift market is projected to witness notable growth in
future owing to high efficiency, eco-friendly nature, and low operation cost. Expansion of
logistics industry and economic growth driven by emerging economies have led to increase
in logistics volume and therefore, strengthening the growth of forklift market. Moreover,
rising e-commerce businesses have necessitated the larger logistic sites and more proficient
logistic operations.
Manufacturers of materials handling equipment are focusing towards the advancement of
equipment with high performance owing to the growing need for fuel efficiency and green
technology based vehicles. Moreover, other factors such as growing population, increasing
demand for supply chain of different products across the globe and rising globalization are
anticipated to further propel demand for forklifts globally, over the coming years.
Global Forklift Truck Market Competitive Landscape
Companies such as Toyota Industries Corporation, Kion Group AG, Jungheinrich AG,
Mitsubishi Logisnext Company Ltd., Crown Equipment Corp., Hyster-Yale Materials Handling,
Inc., Anhui Forklift Truck Group Co. Ltd., Hangcha Group Co. Ltd., Doosan Industrial
Vehicle, and Clark Material Handling International, Inc. are the key players of forklift truck
market globally.
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truck-market-1972#ReportSample/
Retail segment is projected to be the Leading segment in the Global forklift
truck market during the forecast period.
The Retail segment dominates the overall forklift truck market and anticipated to lead the
market over the forecast period 2018-2025. Owing to growth in e-commerce business,
expansion of warehouse space globally and rising manufacturing industries. With the
technological advancement and economic level, the forklift truck is likely to grow over the
forecast period. Forklift trucks provide higher flexibility and operational speed for repeated
material handling tasks which makes it suitable for numerous construction activities.
Moreover, stringent government regulations related to carbon emissions in numerous
countries and rise in adoption of electric forklift truck are expected to fuel the forklift truck
market growth in the future.
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