Telematics Market Global Scenario Forklift Truck Market | Page 2

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.
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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
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Industrial Reach Forklift Trucks
Industrial Counterbalance Forklifts
Rough Terrain Forklifts
Industrial Side Loader Forklifts
Telescopic Handler Forklifts
Pedestrian Operated Pallet Trucks
Technology Segments
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Electric Powered Fork Lift Truck
Internal Combustion Engine Powered Forklift Truck
Geographical Segments