Expert Says Forklift Truck Market Has huge Potential to Grow Rapidly

forklift-truck-market

Asia-Pacific is expected to hold the largest market share due to high demand for forklift trucks in emerging economies such as China and India. The region accounted for 37.56% market share in 2016 and projected to exhibit a higher CAGR over the forecast period.

European holds the second largest market share in the global forklift truck market, followed by North America. Growth in these regions are associated with high demand for electric powered vehicles and the growing warehouse segment. Germany accounts for the major market for forklift trucks in Europe.

Request Sample Copy of this Report  @ https://www.coherentmarketinsights.com/insight/request-sample/928

Major players operating in the global forklift truck market include Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, and Hyster-Yale Materials Handling, Inc.

 

The global forklift truck market is projected to reach US$ 23.81 billion by 2025, exhibiting a CAGR of 3.74% over the forecast period. Forklift trucks are used as industrial lifting trucks. These trucks are utilized to relocate goods from one place to another. Forklift trucks are mostly used in manufacturing and warehouse industries, as these industries involve relocation of heavy products in a short period of time, to accelerate the production process.

Request For Customization of this Report @ https://www.coherentmarketinsights.com/insight/request-customization/928

You may be interested

Prosthetic Legs Market Is Supported By Innovative Devices And Their Improved Material
Healthcare
Healthcare

Prosthetic Legs Market Is Supported By Innovative Devices And Their Improved Material

Mohit Joshi - October 18, 2018

The Prosthetic Legs Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released Prosthetic Legs Market research report. The report has…

Urinalysis Market Growth Is To Be Deiven By Increasing Prevalence Of Kidney Diseases And Urinary Tract Infections
Healthcare
Healthcare

Urinalysis Market Growth Is To Be Deiven By Increasing Prevalence Of Kidney Diseases And Urinary Tract Infections

Mohit Joshi - October 18, 2018

The Urinalysis Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released Urinalysis Market research report. The report has been added…

Peripheral Vascular Devices Market – Growing geriatric population to drive the market growth
Healthcare
Healthcare

Peripheral Vascular Devices Market – Growing geriatric population to drive the market growth

Mohit Joshi - October 18, 2018

The Peripheral Vascular Devices Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released Peripheral Vascular Devices Market research report. The…

Most from this category