A forklift, also
known as forklift truck, or a fork truck or lift truck is an
industrial vehicle used to lift and move materials from one place to
another for short and medium distances in manufacturing and warehouse
operations. Their main use are in material handling applications.
Forklifts are used
in general manufacturing, warehousing, auto industry, lumber yards,
retail, brick or stone distribution, heavy-duty manufacturing,
shipping and freight and paper rolling industries among others. Class
1 forklifts are electric motor rider trucks. They are equipped with
cushion or pneumatic tires and are used mainly in indoor or smooth
floors. They are powered by batteries and use transistor motor
controllers. Class 2 forklifts are known as electric motor narrow
isle trucks. These forklifts are used in narrow isle and help
organizations using them to maximize their storage space. Class 3
forklifts are known as electric hand-rider or motor hand trucks.
These forklifts are operated manually. Class 4 & 5 are internal
combustion engine trucks with cushion & pneumatic tires. These
forklifts are used for transporting palletized loads from loading
dock to storage area.
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By tonnage capacity
the market is segmented into less than 5 tones, 5 to 10 tones, 11 to
36 tones and greater than 36 tones. By application the market is
segmented into manufacturing, warehousing and distribution, freight &
logistics and others. By fuel type the market is segmented into
gasoline, diesel, electric battery, compressed natural gas (CNG) and
liquid propane gas (LPG). By class the market is segmented into class
1, class 2, class 3, class 4, class 5, class 6 and class 7.
By geography the
market is segmented into North America, Europe, Asia Pacific, Middle
East & Africa and Latin America. North America is a major
forklift market. The U.S is the largest market in this region which a
market share of approx. seventy percent in whole of America in 2013.
Canada and Mexico are other major markets in this region. Europe is
the second largest forklift market in the world. Germany is the
largest market in this region. The U.K., France, Italy, Spain,
Belgium, Sweden and Netherlands are other major markets in this
region. Europe had the highest y-o-y growth in shipment and order of
forklifts compared to North America and Latin America in 2015. Asia
Pacific is the largest forklift market in the world. China is the
largest market in the region. Japan, India, South Korea, Australia
are other major markets in this region. In Asia Pacific there was a
decrease in y-o-y of shipment and order of forklifts in 2015 due to
decrease in sale of Chinese forklift manufacturers. But in Australia
there was an increase in y-o-y growth in shipment and order in 2015.
Middle East & Africa is a significant forklift market. Iran,
Turkey, Saudi Arabia and South Africa are major markets in this
region. In Africa there was a huge decrease in y-o-y of shipment and
order of forklifts in 2015. Latin America is another prominent
forklift market in the world. Brazil is the largest market in this
region followed by Argentina.
The report
highlights the various competitive strategies adopted by key players
operating in the market to gain market share. Company profiles
include company details, market presence by geography and segments,
strategic overview, SWOT analysis and historical revenue. The report
also contains details of market share analysis of key players in the
market. As per Industrial Truck Association the top forklift
manufacturing firms are Toyota Industries Corporation (Japan), KION
Group AG (Germany), Jungheinrich AG (Germany), Crown Equipment
Corporation (the U.S), Hyster-Yale Materials Handling, Inc. (the
U.S.), Mitsubishi Nichiyu Forklift Co., Ltd. (Japan), UniCarriers
Americas (the U.S), Anhui HELI Co. Ltd Limited (China), Komatsu Ltd.
(Japan), Clark Material Handling Company (the U.S), Doosan Industrial
Vehicle America Corp. (the U.S), Hangcha Group Co., Ltd. (China),
Hyundai Heavy Industries (South Korea), Combilift (Ireland) and
Lonking Holdings Limited (China) among others.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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