Forklift Market worth 17.61 Billion USD by 2021

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MarketsandMarkets Presents

Forklift Market worth 17.61 Billion USD by 2021
https//www.marketsandmarkets.com/Market-Reports/f
orklift-market-2439790.html
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The report "Forklift Market by Application
(Manufacturing, Wholesale Retail Distribution,
Freight, Logistics), Fuel (Diesel, Electric,
and Gasoline LPG/CNG), Tonnage (lt5, 5-10,
11-36, and gt36), Class (1, 2, 3, and 4/5), and
Region - Global Forecast to 2021", The global
forklift market is projected to grow at a CAGR of
1.93, from USD 16.00 Billion in 2016 to USD
17.61 Billion by 2021. In terms of volume the
market is expected to reach 1.5 Million units by
2021. The major factors behind the growth of the
forklift market is the increase in e-commerce and
warehouse segment and the technological
advancements being acquired by the industries and
warehouses. Get The PDF Brochure For This
Report https//www.marketsandmarkets.com/pdfdown
loadNew.asp?id2439790 Browse 67 market data
tables and 57 figures spread through 141 pages
and in-depth TOC on Forklift Market
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orklift-market-2439790.html
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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. 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.  Request Sample of
the report https//www.marketsandmarkets.com/requ
estsampleNew.asp?id2439790
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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 _at_
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w.asp?id2439790
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