What is The Upcoming Market Scenario for Global Forklift Market?

1. What is The Upcoming Market Scenario for Global Forklift Market? The report "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", 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. Browse 67 market data tables and 57 figures spread through 141 pages and in-depth TOC on “Forklift Market” Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2439790 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. 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 is 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. 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 Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=2439790 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.

2. 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. View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/forklift-market- 2439790.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com