Forklift Market trends research and projections for 2019- 2026

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Forklift Market Analysis Research and Trends
Report for 2019- 2026

• Growing infrastructure development initiatives in
  emerging economies is increasing the demand for
  forklifts to lift and transport heavy goods.
  Government administrations are increasingly
  investing in improving the public infrastructure
  to support economic growth.
• Growing investments toward the replacement of
  diesel power source with sustainable and green
  solutions will propel the forklift market for
  electric powered lift trucks.
• Global Market Insights, Inc. has recently added a
  new report on forklift truck market which
  estimates the global market valuation for
  forklift will cross US 100 billion by 2026. The
  growing demand for forklifts in the construction
  industry will drive market growth over the
  forecast timespan.

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• Rising expansion of e-commerce and logistics
  industries globally.

• Stringent emission norms are driving the demand
  for electric forklifts.

• Need for automation for enhancing productivity.

• Improving industrial sector in South America.

• Demand for forklifts from aviation industry in MEA

• Adoption of forklifts for lifting various types
  of materials, such as steel, wood, and mortar, by
  the construction industry to transfer heavy goods
  and reduce mishandling is driving industry growth.

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• Regional Analysis

• According to GMI report, Europe forklift market
  share accounted for around 34 in 2018 and is
  anticipated to witness significant growth in the
  coming years. The growth is driven by the
  increasing demand for battery-operated trucks and
  development of the warehouse segment across the
  region. The highest utilization of electric
  vehicles in wholesale retail distribution is
  expected to increase the forklift truck market
  share in the region. Moreover, the adoption of
  advanced technologies, such as Industry 4.0 and
  big data, in the manufacturing sector will
  further spur forklift market growth.

• Competitive Analysis

• Major forklift market players in the forklift
  truck market include Hyster-Yale Materials
  Handling, Inc., Toyota Industries Corporation,
  Mitsubishi Nichiyu Forklift Co., Ltd., KION
  Group, Jungheinrich AG, Crown Equipment Corp.,
  UniCarriers Americas Corporation, Anhui Forklift
  Truck Group Corp., Hangcha Group Co., Ltd.,
  Komatsu Ltd., Clark Material Handling
  International, Inc., Doosan Industrial Vehicle,
  Hyundai Heavy Industries, Lonking Forklift Co.,
  Ltd., and Combilift Ltd.

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