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Electric Forklift Market anticipated to Grow at a CAGR of 7.1% (2016-2024)

by Steve Blade · January 8, 2019


According to Goldstein Research, Global electric forklift market is expected to reach USD 39.4 billion by the end of 2024 Wholesale Eddie Jackson Jersey , growing at a CAGR of 7.1% over the forecast period, 2016-2024. Growth in online retail sales and e-commerce logistics model are major driving factors in the growth of the Global electric forklift truck market.


Global Electric forklift market segmentation has been done on the basis of product type, end users, and geography. Counterbalanced forklift trucks accounted for the largest market share in 2016 Wholesale Tarik Cohen Jersey , owing 55% market share. Warehouse forklifts are expected to grow at a CAGR of 9.1% over the forecast period. Global Electric forklift market is dominated by Asia-Pacific, accounted for 35% market share. APAC is closely followed by Europe, growing at a CAGR of 6.6% over the forecast period. Latin America has huge electric forklift trucks manufacturing opportunities, marking the high growth rate in the future.


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On the basis of our in-depth analysis Wholesale Jordan Howard Jersey , Global Electric forklift market can be segmented as follows:

By Product Type Warehouse Forklift Trucks Counterbalance Forklift Trucks By End Users Retail and Wholesale Logistics Automotive Food Industry Others (Paper Industry, Wood Industry, etc.) By Region North America Electric forklift market Analysis, 2016-2024 Europe Electric forklift market Analysis Wholesale Mitchell Trubisky Jersey , 2016-2024 The Middle East And Africa Electric forklift market Analysis, 2016-2024 Latin America Electric forklift market Analysis, 2016-2024 Asia Pacific Electric forklift market Analysis, 2016-2024 Rest Of The World Electric forklift market Analysis Wholesale Roquan Smith Jersey , 2016-2024

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鈥淕lobal Electric forklift market Analysis鈥?contains a detailed overview of the global electric forklift truck market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, end-users and geography.