Asia-Pacific Forklift truck market is projected to register a CAGR of 7.3% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Asia-Pacific Forklift Truck Market By Product Type (Counterbalance and warehouse), Power Source (Internal Combustion Forklift Truck, Electric Forklift Truck), Class {Class V (IC Engine Forklift Trucks, Pneumatic Tire), Class IV (IC Engine Forklift Trucks, Solid/Cushion Tires, Class I (Electric Motor Rider Forklift Trucks), Class III (Electric Hand Forklift Trucks), Class II (Electric Motor Narrow Aisle Forklift Truck), Class VI (Electric and IC Engine Tractors) and Class VII (Rough Terrain Forklift Truck)}, Fuel Type (Electric, LPG/CNG, Diesel, Gasoline), Tonnage (Below 5 Ton, 5 to 10 Ton, 11 to 36 Ton, 36 Ton, Above), End-User (Construction, Freight & Logistic, Food Industry, Retail, Chemical, Paper & Wood, Others), Country (Japan, China, India, South Korea, Australia, Thailand, Malaysia, Singapore, Philippines, Indonesia and Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the Asia-Pacific forklift truck market are:
- Rising penetration of smartphones has resulted in increasing the e-commerce activities in the region
- Rising warehouse activities and utilization of forklift in the construction sites have positively propelled the demand for the forklift
Market Players
Some of the major players operating in the Asia-Pacific forklift truck market are:
- TOYOTA INDUSTRIES CORPORATION
- KION GROUP AG
- Jungheinrich AG
- MITSUBISHI LOGISNEXT CO.,LTD
- Crown Equipment Corporation
- Anhui Heli Co., Ltd
- DOOSAN INDUSTRIAL VEHICLE AMERICA CORP
- EP Equipment, CO.,LTD
- Godrej Material Handling
- Hangcha
- H HUBTEX Maschinenbau GmbH & Co. KG
- Hyster-Yale Group, Inc. (A Subsidiary of Hyster-Yale Materials Handling, Inc.)
- Komatsu Ltd, Konecranes, Lonking Machinery Co., Ltd
- Manitou Group
