Forklift Truck Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2019 to 2027 and expected to reach USD 74,274.69 million by 2027. Increasing adoption of electric forklift in the indoor application is one of the prominent factors that drive growth of the market.
The rising demand from retail sector has tremendously increased the demand for the forklift. These forklift would help the companies to give the tough competition which result in maintaining the number of customers.
This forklift truck market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Scope of the Forklift Truck Market
- Current and future of Forklift Truck Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Global Forklift Truck Market By Product Type (Counterbalance and Warehouse), Power source (Internal Combustion forklift truck and Electric forklift), Class (Class V (IC Engine Forklift Trucks, Pneumatic Tire), Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires), Class I (Electric Motor Rider Forklift Trucks), Class III (Electric Hand Forklift Trucks), Class II (Electric Motor Narrow Aisle Forklift Truck), Class VI (Electric and IC Engine Tractors) and Class VII (Rough Terrain Forklift Truck), Fuel Type (Electric, LPG/CNG, Diesel and Gasoline)), Tonnage (Below 5 ton, 5 to 10 ton, 11 to 36 ton and 36 ton and Above)
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Some of the leading key players profiled in this study:
The major players covered in the report are Jungheinrich AG, Hyster-Yale Group, Inc. (a subsidiary of Hyster-Yale Materials Handling, Inc.), KION GROUP AG, Lift Technologies, Inc, Crown Equipment Corporation, CLARK, Manitou Group, Komatsu Ltd, Hangcha, DOOSAN INDUSTRIAL VEHICLE AMERICA CORP, Konecranes, Palletrans Forklifts, HUBTEX Maschinenbau GmbH & Co. KG, Anhui Heli Co., Ltd, TOYOTA INDUSTRIES CORPORATION, MITSUBISHI LOGISNEXT CO., LTD., Lonking Machinery Co., Ltd., EP Equipment, CO.,LTD, Combilift Material Handling Solutions, Godrej Material Handling and among others. Many product developments are also initiated by the companies worldwide which are also accelerating the growth of forklift truck market.
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Key Pointers Covered in the Forklift Truck Market Trends and Forecast to 2027
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- Forklift Truck Market New Sales Volumes
- Forklift Truck Market Replacement Sales Volumes
- Forklift Truck Market Installed Base
- Forklift Truck Market By Brands
- Forklift Truck Market Size
- Forklift Truck Market Procedure Volumes
- Forklift Truck Market Product Price Analysis
- Forklift Truck Market Healthcare Outcomes
- Forklift Truck Market Cost of Care Analysis
- Forklift Truck Market Regulatory Framework and Changes
- Forklift Truck Market Prices and Reimbursement Analysis
- Forklift Truck Market Shares in Different Regions
- Recent Developments for Forklift Truck Market Competitors
- Forklift Truck Market Upcoming Applications
- Forklift Truck Market Innovators Study
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