Forklift trucks are also referred to as lift trucks. These vehicles are used for transferring goods to a short distance. Forklift trucks were first introduced into the market in the early 20th century. After the World War, II the forklift truck market began to grow rapidly based on the industrialization taking place across the globe. Forklifts are largely used in manufacturing industries and warehousing operations. The need for a machine or equipment that can maneuver heavy goods with ease to various locations is a prime reason that drives this market. Other factors such as increase in productivity, reduced injuries & accidents along with operator comfort are the major factors responsible for the growth in the forklift truck market. The forklift truck market is expected to grow at a promising CAGR from 2013 to 2020. This report provides a detailed insight on the global forklift truck market, current and projected trends, along with an in-depth analysis of the market potential. This report analyses opportunities in developed and emerging economies to help companies in the process of making strategic decisions and gaining a competitive edge.
The forklift truck is segmented on the basis of technology and product type. Based on technology, the forklift truck market is segmented into electric powered fork lift trucks and internal combustion engine powered forklift trucks. On the basis of product type the market is segmented into counterbalance forklift trucks and warehouse forklift trucks. The warehouse forklift trucks are further segmented into reach trucks, stacker, pallet and others. Based on geography, the forklift market is segmented into North America, Europe, Asia-Pacific and LAMEA.
Key players in the forklift truck market include Nissan Forklift, Godrej & Boyce Manufacturing Co. Ltd., Toyota Industries Corp, NACCO Material Handling Group, Kion Group AG, Jungheinrich Lift Truck Corp., Clark Material Handling International Inc., Hyundai Heavy Industries Co. Ltd, Mitsubishi Caterpillar Forklift America Inc. and Doosan Industrial Vehicles Co. Ltd.
The market is segmented on the basis of technology, product type and geography.
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