Forklift Market is estimated to reach $19.62 billion by 2025

April 18 14:32 2019
Forklift Market is estimated to reach $19.62 billion by 2025

Forklift Market
The Forklift Market, led by the demand from the manufacturing, freight, and logistics industries, is forecast to hit the $19.62 billion mark by 2025.

The Report “Forklift Market: by Fuel Type (Diesel, Gasoline, Battery Electric); by Tonnage (Below 5 ton, 5-10 ton, 11-36 ton, above 36 ton); by Application (Manufacturing, Wholesale and Retail Distribution, Retail, Freight and Logistics, Others) – Forecast (2019–2025)”, published by IndustryARC, estimates the global forklift market to reach $19.62 billion by 2025.

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According to a recent study by IndustryARC, the Forklift market is forecast to reach $19.62 billion by 2025, growing at a CAGR of 2.2%. The growth of the Forklift market can be attributed to the growing adoption of forklifts in the manufacturing, freight, and logistics industry.

View Full Table of Contents of Forklift Market:

https://industryarc.com/Research/Forklift-Market-Research-501143

The forklift market is expected to thrive owing to the expansion of the warehouse spaces globally. The growth of e-commerce logistics contributes significantly to increasing warehouses around the globe. There is a large number of investments being made towards procurement of low-cost forklifts in the emerging markets of the APAC region. Battery electric forklifts are one of the segments that is expected to gain traction during the forecast period.

Asia-Pacific is the largest for Forklift market globally, holding a market share of approximately 35% in 2018. The demand for forklifts in the region is spurred by the favorable economic conditions and the need for advances in in-house logistics in markets such as China and India. Government initiatives, such as ‘Make in India’, are fuelling the growth of the manufacturing sector and increasing the need for infrastructural development in the logistics sector. The forklift market in Europe is also expected to grow prominently owing to the favorable conditions for trade.

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The major players in this market include

  • Clark Material Handling Company
  • Crown Equipment Corporation
  • Jungheinrich AG
  • Kion Group AG
  • Komatsu Ltd.
  • Toyota Industries Corporation

Forklift market manufacturers have laid their focus on mergers and acquisitions as well as product launches to augment entry into related markets and enhance their core competencies and product portfolio as well as gain a foothold in the emerging markets.

The various application segments covered in the Forklift Market Report include

  • Manufacturing,
  • Wholesale and Retail Distribution
  • Retail
  • Freight and Logistics
  • Others

The overall forklift market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.

Read More – Automotive Research Reports @ https://industryarc.com/Domain/3/automotive-market-research.html

Related Reports:

1)      Cargo Handling Equipment

https://industryarc.com/Research/Cargo-Handling-Equipment-Market-Research-505723

2)      Material Handling Equipment

https://industryarc.com/Report/15296/material-handling-equipment-market.html

What can you expect from the report?

The Forklift Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Forklift Market Size by Product Categories & Application        

2. Forklift Market trends & Relevant Market Data

3. Manufacturer Landscape                                                         

4. Distributor Landscape                                                                

5. Pricing Analysis                                                                          

6. Top 10 End-user Analysis                                                       

7. Product Benchmarking                                                              

8. Product Developments                                                              

9. Mergers & Acquisition Analysis                                             

10. Patent Analysis

11. Forklift Market Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Forklift Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Forklift Market Strategic Analysis

18. Forklift Market Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Forklift Market Revenue and Volume Analysis

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually. We serve various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, and Life Sciences & Healthcare.

IndustryARC primarily focuses on cutting-edge technologies and newer applications of the market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed and with a variety of options.

We look forward to helping the client address its customer needs effectively; stay ahead in the market; become the top competitor, and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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