According to [URL=https://www.goldsteinresearch.com/]Goldstein Research[/URL], Global forklift trucks market is expected to reach USD 56.8 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. Forklift trucks market segmentation has been done on the basis of product type, fuel type, end-users & region. 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. 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. Market Segmentation
On the basis of our in-depth analysis, 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
• By region
o North America
o Europe
o Middle East and Africa
o Latin America
o Asia Pacific
“Global Forklift trucks Industry Analysis” contains detailed overview of the [URL=https://www.goldsteinresearch.com/report/global-forklift-truck-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024]Global Forklift trucks market[/URL]. 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, [URL=https://www.goldsteinresearch.com/pressrelease/electric-forklift-truck-market-share]Forklift trucks Market[/URL] 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 as Toyota Industries Corporation, Mitsubishi Nichiyu Forklift Co. Ltd., 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 forklift trucks market trends along with market forecast that will help industry consultants, technology providers, 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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