Market Research Report
Asia Pacific Forklift Truck Market Forecast 2018-2026
|Published by||Inkwood Research||Product code||664788|
|Published||Content info||78 Pages
Delivery time: 2-3 business days
|Asia Pacific Forklift Truck Market Forecast 2018-2026|
|Published: July 20, 2018||Content info: 78 Pages||
The Asia-Pacific forklift truck market is expected to rise with a 3.34% CAGR over the forecast period of 2018-2026, accounting for the highest revenue share. Rising applications in the manufacturing industries is a significant driver for this market.
The rise in the automotive industry is expected to fuel the adoption of forklift trucks in the coming years. In the automotive industry, forklift trucks are optimized for handling steel coils and pre-cut steel plates that are used in stamping presses for making auto body parts. Further, forklift trucks are also used to handle stamping tools, scrap metal and finished components. Overall, the Asia-Pacific forklift truck market is geographically segmented into India, Australia, China, Japan and the rest of Asia-Pacific. Presently, the China forklift truck market leads this region.
Market bigwigs like Clark Material Handling Company, Toyota Industries Corporation, Jungheinrich Ag, Doosan Corporation Industrial Vehicle, Lonking Holdings Limited, Mitsubishi Logisnext Co Ltd, Anhui Heli Co Ltd, Godrej & Boyce Manufacturing Company Limited,Hyundai Heavy Industries Co Ltd, Crown Equipment Corporation, Hangcha Group Co Ltd, Kion Group Ag and Hyster-Yale Materials Handling Inc are operating in this region.