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Battery-Electric Segment to Drive the Growth of Global Forklift Market

The class 3 type of forklift mainly includes electric warehouse pedestrian trucks. The demand for these vehicles are increasing due to increasing trend of electric forklift being used by the material handling departments and warehouses, as electric forklift are environment friendly and more efficient than Internal Combustion Engine (ICE) forklift.

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Battery-Electric Segment to Drive the Growth of Global Forklift Market

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  1. Forklift Market by Application (Manufacturing, Wholesale & Retail Distribution, Freight, & Logistics), Fuel (Diesel, Electric, and Gasoline & LPG/CNG), Tonnage (<5, 5-10, 11-36, and >36), Class (1, 2, 3, and 4/5), and Region - Global Forecast to 2021 www.MarketsandMarkets.com

  2. The class 3 types of forklift are estimated to be the fastest growing in the global forklift market The class 3 type of forklift mainly includes electric warehouse pedestrian trucks. The demand for these vehicles are increasing due to increasing trend of electric forklift being used by the material handling departments and warehouses, as electric forklift are environment friendly and more efficient than Internal Combustion Engine (ICE) forklift. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=2439790

  3. The wholesale and retail distribution is estimated to be the fastest growing segment The wholesale and retail distribution segment of the global forklift market is projected to grow at the highest CAGR during the forecast period. As enhanced transportation network between different countries and continents has led to the increased stocking of goods in warehouses which are further distributed through the wholesalers and distributors. The European market of the wholesale and retail distribution segment was estimated to be the largest. The battery-operated forklift is estimated to dominate this segment as battery-operated forklifts have proven to be energy efficient, eco-friendly, and economical for distribution applications. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=2439790

  4. The battery-electric segment is estimated be the fastest growing during the forecast period. With the increased focus on fuel efficiency and emission norms, a majority of the forklift manufactures are focusing on battery operated and fuel cell powered forklifts in order to provide better efficiency. The manufacturing segment is estimated to hold largest market size of forklifts in 2016, Owing to rise in demand for infrastructural development. However warehouse segment is expected to lead the market by 2021 majorly due to increasing number of warehouses being set up across the regions, reducing trade barriers between various regions, and preference towards low cost alternatives. The wholesale and retail distribution is projected to grow at the highest CAGR from 2016 to 2021. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=2439790

  5. Europe is estimated to be the fastest growing region for the forklift market The European forklift market is projected to be the fastest growing market of forklift owing to the increased demand of battery operated vehicles and warehouse segment growth, it contributes a major market share of the global forklift market. The European forklift market is dominated by Germany, which is the key market for the forklifts in the region owing to the increased demand from manufacturing as well as warehouse segment in the country. The major players such as Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (U.S.), Jungheinrich group (Germany) and Mitsubishi Nichiyu Forklift Corporation (Japan) are the global forklift manufacturers who have been covered in this study. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=2439790

  6. Market Ecosystem: The global forklift market consists of various major manufacturers such as Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (U.S.), Jungheinrich group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (U.S), Hyundai Heavy Industries (South Korea) and Komatsu Limited (Japan). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=2439790

  7. Browse >> 67market data tables 57figures 141 pagesand in-depth TOC “Forklift Market by Application (Manufacturing, Wholesale & Retail Distribution, Freight, & Logistics), Fuel (Diesel, Electric, and Gasoline & LPG/CNG), Tonnage (<5, 5-10, 11-36, and >36), Class (1, 2, 3, and 4/5), and Region - Global Forecast to 2021” Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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