Global Forklift Truck Market: Industry Analysis & Outlook (2018-2022) with Profiles for Toyota Industries Corporation, KION Group, Jungheinrich, and Mitsubishi Logisnext - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Global Forklift Truck Market: Industry Analysis & Outlook (2018-2022)” report has been added to ResearchAndMarkets.com’s offering.
Rapid infrastructural developments and technological advancements are the factors contributing to forklift market growth. Asian market has a major share in the forklift volume owing to high demand for these trucks in emerging nations such as China and India.
There has been increasing growth in the shipment volume of forklift worldwide and it is expected to show further growth in coming years, representing a positive outlook for the market.
Increasing forklift volume is mainly driven by the e-commerce growth globally. There is need of warehouse and distribution centers in the e-commerce market and e-commerce warehouses need to operate much more efficiently than bulk warehouses. One of the recent developments made in this market is hydrogen and lithium batteries to save cost and increase productivity.
Class III type of forklift trucks are expected to register the highest growth in coming years due to increasing demand for electric trucks for manufacturing and warehouse activities.
Growth DriversRising E-commerce Growth Growing Construction Sector Spending Expansion of Warehouse Space Upsurge in Industrialization and Economic Growth Expansion of Logistics Industry Rising Application in Manufacturing Industries
Key Trends & DevelopmentsRising M-Commerce Increasing Penetration of Internet of Things (IoT) Rising Technological Advancement Increased Automation of Entire Material Flow Rising Demand for Environmental Friendly Vehicles Purchase of Low-Cost Forklift Trucks in Emerging Markets
ChallengesSpecialized Operator Training Requirement Need of Continuous Support and Maintenance
Key Topics Covered
1. Market Overview
2. Global Market
3. Regional Markets
4. Market Dynamics
5. Competitive Landscape
6. Company ProfilesToyota Industries Corporation KION Group AG Jungheinrich AG Mitsubishi Logisnext Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/lp2524/global_forklift?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005926/en/
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SOURCE: Research and Markets
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PUB: 10/09/2018 12:24 PM/DISC: 10/09/2018 12:24 PM