Latest News

  • Jungheinrich’s ERE 225i compact truck wins Red Dot Award
  • New Hyster A Series Lift Trucks Scale to Industry Challenges
  • Clark introduces new high-lift pallet truck with mono mast and initial lift
  • New Modulean Rack End Boards, from workplace visual communications and safety products specialists Beaverswood
  • Jungheinrich introduces POWERLiNE lithium-ion trucks to market 
  • Home
  • News
  • Materials Handling
  • Health & Safety
  • Notice Board
  • Multimedia
    • Audio
    • Book Review
    • T.V.
    • Video
  • Contact Us
  • About Us
  • follow
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • RSS Feed
    • Linked
    • Youtube

e~Commerce & Construction sector to boost demand for forklifts

Sep 08, 2019 Warehousing Ireland Logistics, News, Warehousing Comments Off on e~Commerce & Construction sector to boost demand for forklifts


Increasing Adoption Across End-Use Industries like E-Commerce and Construction to Significantly Boost the Demand and Sales of Forklift Trucks in the Coming Years

According to a market intelligence report, the growing demand for forklift trucks from end-use industries like e-commerce and construction amongst others is likely to immensely benefit the global market for forklift trucks. As per the report assessment, the global forklift truck market was estimated to be valued at US$ 41,815 Mn in 2017 and is anticipated to reach a valuation of US$ 55,890 Mn in the year 2021, displaying a CAGR of 7.5% during the assessment period 2017-2021.

Global Forklift Truck Market: Factors Impacting Growth
As per this report, the global forklift truck market is witnessing a robust growth due to their ever growing popularity in several end-use industries, specifically e-commerce and construction. In the realm of e-commerce sector, where there are a diverse set of products ranging from books to cosmetics are stored in warehouse and various fulfillment centers need to be efficiently handled and the operations have to be fast since time is at a premium in such situations. This is due to the fact that e-commerce companies, in order to retain and grow their customer base, promise free delivery of products in a stipulated duration of time and also promise hassle free returns and exchange facilities. To provide such kind of facilities and sops, the operations at the various warehouses and distribution centers have to be utmost efficient and this is where the role of forklift trucks comes in. Such kind of forklift trucks are used to efficiently load and unload various goods in the warehouses.

In the construction industry, the forklift trucks are used to transport various types of construction materials like steel, wood, mortar, etc. from one place to another. Due to the growth of the construction industry all over the world, especially in the emerging economies where huge infrastructure projects are taking shape, the demand for forklift trucks is growing manifold. It is due to this growth in the construction industry that is giving an immense boost to the global forklift truck market.

Global Forklift Truck Market: Segmentation and Forecast
The global market for forklift trucks is segmented on the basis of product type, technology, class and region.

On the basis of product type, the counterbalance forklift trucks dominate the global forklift truck market. The counterbalance forklift trucks were estimated to be valued at US$ 32,688 Mn in 2017 and is slated to reach a value of US$ 42,367 Mn in 2021.
· On the basis of technology, the electric powered forklift trucks are anticipated to dominate the global forklift truck market in terms of volume, while in terms of market value, the IC-engine type forklift trucks are expected to dominate the market by 2021. The electric powered forklift trucks are slated to reach a valuation of US$ 24,607 Mn by the end of the year 2021.
On the basis of class, the class 4,5 segment are anticipated to reach a valuation of US$ 31,283 Mn in the year 2021.
On the basis of region, the Asia-Pacific region is likely to dominate the global forklift truck market, both in terms of value and volume.

Global Forklift Truck Market: Competitive Landscape
The report on the global market for forklift trucks profiles some of the key players functioning in this market. Some of the important players that have been profiled in the competition landscape section of this report include Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation (TICO), Kion Group AG, Jungheinrich AG and Hyster-Yale Materials Handling, Inc.

These insights are based on a report by Persistence Market Research.  

Tweet

  • tweet
Onwards Holdings Ltd to market Phoenix 66 Moffett Automated Storage – Optimising Warehousing

Warehousing Ireland

Related articles
  • Jungheinrich’s ERE 225i compact truck wins Red Dot Award
    Jungheinrich’s ERE 225i compact...

    Jul 03, 2022 Comments Off on Jungheinrich’s ERE 225i compact truck wins Red Dot Award

  • New Hyster A Series Lift Trucks Scale to Industry Challenges
    New Hyster A Series Lift Trucks Scale...

    Jul 03, 2022 Comments Off on New Hyster A Series Lift Trucks Scale to Industry Challenges

  • Clark introduces new high-lift pallet truck with mono mast and initial lift
    Clark introduces new high-lift pallet...

    Jul 03, 2022 Comments Off on Clark introduces new high-lift pallet truck with mono mast and initial lift

More in this category
  • Jungheinrich’s ERE 225i compact truck wins Red Dot Award
    Jungheinrich’s ERE 225i compact...

    Jul 03, 2022 Comments Off on Jungheinrich’s ERE 225i compact truck wins Red Dot Award

  • New Hyster A Series Lift Trucks Scale to Industry Challenges
    New Hyster A Series Lift Trucks Scale...

    Jul 03, 2022 Comments Off on New Hyster A Series Lift Trucks Scale to Industry Challenges

  • Clark introduces new high-lift pallet truck with mono mast and initial lift
    Clark introduces new high-lift pallet...

    Jul 03, 2022 Comments Off on Clark introduces new high-lift pallet truck with mono mast and initial lift


Tweets by @warehousingIrl

Recent Posts

Forklift market rebound causes gap between order intakes and shipments

Forklift market rebound causes gap between order intakes and shipments

Nov 24, 2021 Comments Off on Forklift market rebound causes gap between order intakes and shipments

Long-term forecast of global market in 2028 raised by 40% APAC accounts for 54% of 2021 forklift shipments E-commerce, digitalization, and electrification will drive the market  Updated...
The new Visuclean vinyl from Beaverswood

The new Visuclean vinyl from Beaverswood

May 01, 2021 Comments Off on The new Visuclean vinyl from Beaverswood

New Modulean Lite shadow boards from Beaverswood

New Modulean Lite shadow boards from Beaverswood

Nov 14, 2020 Comments Off on New Modulean Lite shadow boards from Beaverswood

Hyster Europe expands its range of electric counterbalance lift trucks

Hyster Europe expands its range of electric...

Sep 13, 2020 Comments Off on Hyster Europe expands its range of electric counterbalance lift trucks

Linde Training Solutions – Well Trained Without Fail

Linde Training Solutions – Well Trained...

Aug 09, 2020 Comments Off on Linde Training Solutions – Well Trained Without Fail

Recent Posts

RHA launches tail lift safety guidance

RHA launches tail lift safety guidance

May 15, 2021 Comments Off on RHA launches tail lift safety guidance

The Road Haulage Association in the UK has published long-awaited guidance to improve safety around the use of tail lifts. The Tail Lift and Pallet Truck Guidance Document released aims to...
Axial Properties Ltd fined €80,000 following serious incident in Clonee warehouse

Axial Properties Ltd fined €80,000 following...

Nov 22, 2020 Comments Off on Axial Properties Ltd fined €80,000 following serious incident in Clonee warehouse

New Modulean Lite shadow boards from Beaverswood

New Modulean Lite shadow boards from Beaverswood

Nov 14, 2020 Comments Off on New Modulean Lite shadow boards from Beaverswood

How to safely buy a used ATEX forklift

How to safely buy a used ATEX forklift

Jul 12, 2020 Comments Off on How to safely buy a used ATEX forklift

A-SAFE launches new hygiene partition for industrial facilities

A-SAFE launches new hygiene partition for...

May 31, 2020 Comments Off on A-SAFE launches new hygiene partition for industrial facilities

Newsletter

Recent Posts

  • Jungheinrich’s ERE 225i compact truck wins Red Dot Award
  • New Hyster A Series Lift Trucks Scale to Industry Challenges
  • Clark introduces new high-lift pallet truck with mono mast and initial lift
  • New Modulean Rack End Boards, from workplace visual communications and safety products specialists Beaverswood
  • Jungheinrich introduces POWERLiNE lithium-ion trucks to market 
  • Garbe Industrial Real Estate hands over new Warehouse to Iron Mountain in Germany
  • BotsAndUs White Paper on Warehouse Management Systems
  • New Hyster Forklift set for launch at Logimat 2022
  • iF Design Award for Jungheinrich’s ERE 225i 
  • Groundbreaking ceremony for logistics centre in Bitterfeld-Wolfen 
  • Groundbreaking ceremony for new Jungheinrich plant at Chomutov, Czech Republic
  • CKF design and build Auto Packer cell for bio-bean, the world’s largest recycler of coffee grounds
  • Gowan Group moves to new impressive new facility at Citywest
  • Jungheinrich starts 2022 financial year in line with expectations
  • EPAL pallet production reaches record levels in 2021
Copyright 2020 Warehousing Ireland / All rights reserved