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Global Forklift Trucks Market Forecast 2020-2028

NEW YORK, Dec. 4, 2019 /PRNewswire/ --

KEY FINDINGS
The global forklift trucks market is projected to grow during the forecast period of 2020-2028, by exhibiting a CAGR of 2.17%. The increasing applications of forklift trucks in manufacturing industries, the growing demand for high-performance technologies, and the growth potential of forklift trucks in the emerging markets, are the factors estimated to propel the market growth.

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MARKET INSIGHTS
The forklift trucks market has huge growth potential in the emerging economies like Russia and China, mainly due to increasing global trade activities and industrialization.The logistics segment is anticipated to record the highest CAGR during the estimated period as a result of increasing demands for electric trucks across the globe.

One of the restraining factors faced by the global market of forklift trucks is the high cost of raw materials.

REGIONAL INSIGHTS
On a geographical basis, the global forklift trucks market is segregated into North America, Europe, Asia-Pacific, and the rest of the world.The Asia-Pacific market region is set to be the fastest-growing region.

The region is witnessing the establishment and expansion of warehouses, and the growth of the e-commerce industry. The market of forklift trucks in the Asia Pacific region has primary applications in the e-commerce sector and manufacturing utilities.

COMPETITIVE INSIGHTS
Some of the eminent companies in this market include, Anhui Heli Co. Ltd., Hangcha Group Co., Ltd., Toyota Industries Corporation, Mitsubishi Logisnext Co., Ltd., Clark Material Handling Company, Kion Group Ag, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. HANGCHA GROUP CO., LTD
2. KION GROUP AG
3. ANHUI HELI CO. LTD
4. CLARK MATERIAL HANDLING COMPANY
5. CROWN EQUIPMENT CORPORATION
6. TOYOTA INDUSTRIES CORPORATION
7. MITSUBISHI LOGISNEXT CO., LTD
8. JUNGHEINRICH AG
9. EP EQUIPMENT CO. LTD
10. HYSTER-YALE MATERIALS HANDLING, INC
11. HYUNDAI HEAVY INDUSTRIES CO., LTD
12. KOMATSU LTD
13. LONKING HOLDINGS LIMITED
14. GODREJ & BOYCE MANUFACTURING COMPANY LIMITED
15. DOOSAN CORPORATION INDUSTRIAL VEHICLE

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