Forklift Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
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. 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. Obtain Report Details @ http://www.transparencymarketresearch.com/forklift-market.html 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