Rapidly growing
e-commerce sector, technological advancements and rising globalization to aid
growth of global forklift market through 2023.
According
to TechSci Research report, “Global Forklift Market By Class Type, By
Fuel Type, By Application Type, By Region, Competition, Forecast &
Opportunities, 2023”, global forklift market is
projected to reach 2.2 million units by 2023, on account of growing employment
of forklifts in warehouses and distribution centers for placement and removal
of loads from storage racks; for stacking and emptying of trailers; for
delivering components to the assembly line and appropriate positioning of the
loads at the dock; for safe delivery of various manufacturing components to the
assembly line and for positioning of loads for further handling. Moreover,
growing population and increasing demand for supply chain of different products
globally, is anticipated to further fuel growth in global forklift market
during forecast period.
Browse 240 market data Figures and Tables spread
through 248 Pages and an in-depth TOC on "Global
Forklift Market"
Motorized hand forklift segment is projected to grow at the fastest CAGR
during forecast period on account of booming freight and logistics industry,
expanding e-commerce industry and rising environmental concerns. On the
basis of application, wholesale and retail distribution dominated global
forklift market as major forklift fleet operating companies use forklifts for
wholesale & retail distribution. Major players operating in global forklift market
includeToyota Industries Corporation, KION Group AG, Jungheinrich AG, Crown
Equipment Corp and Mitsubishi Logisnext Co., Ltd. among others. In 2016,
Jungheinrich AG launched the first lithium-ion battery powered vehicle with the
battery capacity of 360 and 480 ampere hours. In 2018, Kion acquired stake in EP equipment
to focus on joint product
development.
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“Asia-Pacific and Europe are the major demand generating regions for
forklifts on account of high population density and presence of fast growing
economies. Moreover, there is rising demand for new
airports, sea ports, road infrastructure in various countries, which is further
anticipated to push demand for forklifts across these regions. Factors like booming e-commerce industry and
technological advancements such as shift towards battery driven forklifts for
better efficiency, are further contributing to the growth of global forklift market.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Forklift Market By Class Type, By Fuel
Type, By Application Type, By Region, Competition, Forecast &
Opportunities, 2023” has evaluated the
future growth potential of global forklift market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decision. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and opportunities
in global forklift market.
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