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Forklift trucks are mainly used for material handling, lifting, and stacking of discrete loads throughout facilities such as retail warehouses. These vehicles can be used with a variety of attachments such as clamps, grippers, and platforms to move and handle different types of materials and loads.
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Forklift Truck Market Trend Outlook And Business Opportunities 2020-2027 The global forklift truck market was valued at US$ 17.74 billion in 2017 and is projected to exhibit a CAGR of 4.02% over the forecast period, reaching US$ 25.04 billion by 2027. Forklift trucks are mainly used for material handling, lifting, and stacking of discrete loads throughout facilities such as retail warehouses. These vehicles can be used with a variety of attachments such as clamps, grippers, and platforms to move and handle different types of materials and loads. Expansion of the logistics industry and economic growth in emerging economies have led to increasing logistics volume, which, in turn, is boosting growth of the forklift trucks market. For In Depth Information Get Sample Copy Of This Report @ https://www.coherentmarketinsights.com/insight/request-sample/928 Market Dynamics Growing e-commerce & warehousing industries is driving growth of the global forklift truck market. According to data published by the Action Construction Equipment Ltd in June 2019, warehousing industry is extremely fragmented in India. Almost 90% of the warehousing space is controlled by the unorganized players. It has huge growth potential and is slated to become regularized over the next few years Detailed Segmentation: •Global Forklift Truck Market, By Product Type: •Warehouse •Pedestrian •Rider •Counterbalance •Global Forklift Truck Market, By Class: •Class I : Electric Motor Rider Trucks •Class II : Electric Motor Narrow Aisle Trucks •Class III : Electric Motor Pedestrian Trucks •Class IV : Internal Combustion Engine Trucks (Solid/Cushion Tires) •Class V : Internal Combustion Engine Trucks (Pneumatic Tires) •Global Forklift Truck Market, By Fuel Type: •Diesel •Gasoline& LPG/CNG
•Electric/Hybrid •Global Forklift Truck Market, By Engine Type: •IC Engine Power •Electric Power •Global Forklift Truck Market, By Lifting Capacity: •< 5 Ton •5 Ton – 10 Ton •11 Ton – 36 Ton •> 36 Ton •Global Forklift Truck Market, By End-use Industry: •Retail & Wholesale •Transportation & logistics •Automotive and Electrical engineering •Food Industry •Other Industries (Chemical, Timber, and Paper & Print Industry) Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/928 Prominent players in the global forklift market are Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Crown Equipment Corporation, Mitsubishi Nichiyu Forklift Co., Ltd., UniCarriers Americas Corporation, Anhui Heli Company Limited, Komatsu Ltd., Clark Material Handling Company, Doosan Industrial Vehicle, Hangcha Group Co., Ltd., JBT Corporation, Combilift Ltd, Godrej & Boyce Mfg. Co. Ltd., and Linde Material Handling About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com
