According to Goldstein Research, Global forklift trucks market is expected to reach USD56.8 billion by the end of 2024, growing at a CAGR of 5.7% over the forecast period, 2016-2024. Growth in e-commerce industry and expansion of warehouses are driving the demand for forklift trucks. Global Forklift trucks market segmentation has been done on the basis of product type, fuel type, end-users and geography. The growth of e-commerce industry accounted for 63.2% share all shipments, and the growing construction industry has fuelled up the demand for forklift trucks. Further, intensive R&D is witnessed in the market such as improving fuel efficiency of IC engines of forklift trucks. Global Forklift trucks market is dominated by Asia-Pacific with 39% volume share in 2015. APAC is closely followed by Europe, growing at a CAGR of 3.6% over the forecast period. Moreover, the growing construction industry in Middle East and Africa region, there is growing demand for forklift trucks in this region.
Market Segmentation
On the basis of our in-depth analysis, Global Forklift trucks Market can be segmented as follows:
• By Product Type
o Class I (Electric Motor Rider Trucks)
o Class II (Electric Motor Narrow Aisle Trucks)
o Class III (Hand Rider Trucks)
o Class IV (IC Engine Trucks, solid/Cushion Tires)
o Class V (IC Engine Trucks, Pneumatic Tires)
o Class VI (Electric and IC Engine Tractors)
o Class VII (Rough Terrain Forklift Trucks)
• By Fuel Type
o Diesel
o Gasoline
o Electric/Hybrid
• By End Users
o Retail Sector
o Transportation & Logistics
o Automotive Sector
o Manufacturing Sector
o Food and Beverages
o Others (Wood Industry, Paper Industry, etc)
• By region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Forklift trucks Industry Analysis” contains detailed overview of the Global Forklift trucks market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by gaming product type, fuel type and end-user.
Further, for the in-depth analysis, Global Forklift trucks Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asToyota Industries Corporation, Mitsubishi Nichiyu Forklift Co. Ltd., HeLi Co. Ltd., Kion Group AG, Jungheinrich AG, Anhui Forklift Group Co. Ltd., UniCarriers, Hyster-Yale Material Handling, HYTSU Group, Hyundai Heavy Industries,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the GlobalForklift trucks market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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