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Los Angeles, CA -- (SBWIRE) -- 04/30/2019 -- Electric Forklift refers to a powered industrial truck used to lift and move materials short distances, which is powered by electricity. Majority of electric forklifts are powered by batteries, which are used as source power to drive the motor driving motor and hydraulic systems to travel and load and unload operations.
Compared with internal combustion forklifts, electric forklifts have advantages such as less pollution, easier to operate and higher energy efficiency. Along with the development of economy and the enhancement of environmental protection consciousness, the industry of electric forklift has experienced a rapid growth.
For industry structure analysis, the Electric Forklift industry is concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 62.62% of the revenue market.
Europe occupied 28.76% of the sales market in 2015. It is followed by North America and China, which respectively account for around 24.89% and 17.68% of the global total industry. Japan had a bit smaller sales market than those areas, which took about 16.98% of the global sales volume in 2015.
For price trend analysis, a key variable in the performance of Electric Forklift producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The global Electric Forklift market was 14300 million US$ in 2018 and is expected to 19400 million US$ by the end of 2025, growing at a CAGR of 3.9% between 2019 and 2025.
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This report studies the Electric Forklift market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Electric Forklift in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Toyota
Kion Group AG
Jungheinrich AG
Hyster-Yale Materials Handling
Crown Equipment
Mitsubishi Nichiyu
UniCarriers Corp
Komatsu
Anhui Heli
Clark Material Handling Company
Hangcha
Doosan Industrial Vehicles
Hyundai Heavy Industries
Combilift Ltd
Lonking
Tailift Group
Hubtex
Hytsu Group
Godrej & Boyce
By the product type, the market is primarily split into
Electric Counterbalance Forklift Trucks
Electric Pallet Trucks
Electric Reach Trucks
Electric Stackers
Others
By the end users/application, this report covers the following segments
Factory
Harbor
Airport
Others
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