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Global Forklift Truck Market Opportunities and Forecast 2023-2030

  •   DLR2489
  •   May, 2022
  •   Pages: 120
  •  Global
Forklift Truck Market Overview

The forklift is a small industrial vehicle, having a power-operated forked platform attached at the front that can be raised and lowered for insertion under a cargo to lift or move it. Forklifts serve the needs of various industries including warehouses and other large storage facilities. The global Forklift Truck market is projected to witness significant growth in the forecast period. Rising demand for forklifts truck from e-Commerce companies across the world is one of the important factors which boost the growth of the global Forklift Truck market. Demand for forklifts trucks is increasing due to the expansion of the warehousing and logistic industries, as forklifts trucks are required to perform numerous activities in warehouses.

Additionally, the increasing need for the safety of workers who perform critical tasks of lifting and carrying heavy loads in many industries is projected to drive the global Forklift Truck market. Also, the rising demand for advanced material handling systems to transport and load products is the key fact which further boosting the growth of the global Forklift Truck market. In addition to this, governments of many countries have passed stringent regulations and rules for emission control from diesel and gasoline forklifts truck, which in turn is driving the demand for electric forklifts truck.

However, electric forklifts are expensive owing to the high cost of lithium-ion batteries, which is projected to hamper the Forklift Truck market. Moreover, the high cost of fuel cell operated forklifts and maintenance cost of fuel cell forklifts are projected to hamper the growth of the Forklift Truck market.  Besides this, innovations and advancements in the forklift by changing the propulsion system and introduction of autonomous forklifts with new technology are projected to offer significant opportunities to the global Forklift Truck market during the forecast period

Covid-19 Impact on Forklift Truck Market

The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.

Forklift Truck Market Segment Overview

Based on type, the Rough Terrain segment dominated the global Forklift Truck market owing to the rising market volume, high lifting capabilities, and high reliability. Additionally, based on class, the Class-1 segment is anticipated to hold a maximum share of the global Forklift Truck market. Increasing demand for electric forklift trucks in warehouses and the logistic industry due to several fuel emission norms and suitable for short distances. Based on application, the Industrial and Construction segment has a maximum share in the global Forklift Truck market. An increase in construction and infrastructure development across the globe is expected to fuel the demand for forklifts truck. Several governments are trying to develop infrastructure for economic development, which would require the forklift truck to lift and transport heavy loads at construction sites. This prime fact is anticipated to fuel the growth of the global Forklift Truck market steadily.

Forklift Truck Market, By Type 

·       Counterbalanced
·       Rough Terrain
·       Side Loaders
·       Telescopic Handler
·       Powered Pallets
·       Others

Forklift Truck Market, By Application

·       Industrial
·       Construction
·       Logistics
·       Others

Forklift Truck Market, By Propulsion

·       Diesel
·       Gasoline
·       Electric
·       Hybrid Electric

Forklift Truck Market, By Class

·       Class-1
·       Class-2
·       Class-3
·       Class-4
·       Class-5 & Above

Forklift Truck Market, By Operation

·       Autonomous
·       Manual

Forklift Truck Regional Overview

In terms of region, the Asia Pacific and Europe are anticipated to be the most significant markets during the forecast period. This is mainly due to the increase in automation of manufacturing activities across the Asia Pacific and Europe. The market in Spain is projected to expand at a high growth rate, during the forecast period.

Forklift Truck Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Forklift Truck Market, Key Players

·       Hyster-Yale Material Handling Inc.
·       Komatsu Ltd.
·       Hyundai Heavy Industries Ltd
·       Mitsubishi Forklift Corporation
·       KION Group AG
·       Toyota Industries Corporation
·       Crown Equipment Corporation
·       Anhui Heli Co. Ltd
·       Clark Material Handling Company
·       Comblift Limited
·       Doosan Industrial Vehicle America Corporation.
·       Hangcha Group Co. Ltd
·       Konecranes
·       Manitou Group
·       Godgej & Boyce Group
·       Lonking Forklift Co.
·       Hubtex Maschinenbau GmbH & Co. KG
·       Unicarriers Americas

Forklift Truck Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Forklift Truck Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Type
        • 5.2.1. Counterbalanced
        • 5.2.2. Rough Terrain
        • 5.2.3. Side Loaders
        • 5.2.4. Telescopic Handler
        • 5.2.5. Powered Pallets
        • 5.2.6. Others
      • 5.3. Market Analysis, Insights and Forecast – By Application
        • 5.3.1. Industrial
        • 5.3.2. Construction
        • 5.3.3. Logistics
        • 5.3.4. Others
      • 5.4. Market Analysis, Insights and Forecast – By Propulsion
        • 5.4.1. Diesel
        • 5.4.2. Gasoline
        • 5.4.3. Electric
        • 5.4.4. Hybrid Electric
      • 5.5. Market Analysis, Insights and Forecast – By Class
        • 5.5.1. Class-1
        • 5.5.2. Class-2
        • 5.5.3. Class-3
        • 5.5.4. Class-4
        • 5.5.5. Class-5 & Above
      • 5.6. Market Analysis, Insights and Forecast – By Operation
        • 5.6.1. Autonomous
        • 5.6.2. Manual
      • 5.7. Market Analysis, Insights and Forecast – By Region
        • 5.7.1. North America
        • 5.7.2. Europe
        • 5.7.3. Asia Pacific
        • 5.7.4. Latin America, Middle East and Africa

      6. North America Forklift Truck Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Type
        • 6.2.1. Counterbalanced
        • 6.2.2. Rough Terrain
        • 6.2.3. Side Loaders
        • 6.2.4. Telescopic Handler
        • 6.2.5. Powered Pallets
        • 6.2.6. Others
      • 6.3. Market Analysis, Insights and Forecast – By Application
        • 6.3.1. Industrial
        • 6.3.2. Construction
        • 6.3.3. Logistics
        • 6.3.4. Others
      • 6.4. Market Analysis, Insights and Forecast – By Propulsion
        • 6.4.1. Diesel
        • 6.4.2. Gasoline
        • 6.4.3. Electric
        • 6.4.4. Hybrid Electric
      • 6.5. Market Analysis, Insights and Forecast – By Class
        • 6.5.1. Class-1
        • 6.5.2. Class-2
        • 6.5.3. Class-3
        • 6.5.4. Class-4
        • 6.5.5. Class-5 & Above
      • 6.6. Market Analysis, Insights and Forecast – By Operation
        • 6.6.1. Autonomous
        • 6.6.2. Manual
      • 6.7. Market Analysis, Insights and Forecast – By Country
        • 6.7.1. U.S.
        • 6.7.2. Canada

      7. Europe Forklift Truck Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Type
        • 7.2.1. Counterbalanced
        • 7.2.2. Rough Terrain
        • 7.2.3. Side Loaders
        • 7.2.4. Telescopic Handler
        • 7.2.5. Powered Pallets
        • 7.2.6. Others
      • 7.3. Market Analysis, Insights and Forecast – By Application
        • 7.3.1. Industrial
        • 7.3.2. Construction
        • 7.3.3. Logistics
        • 7.3.4. Others
      • 7.4. Market Analysis, Insights and Forecast – By Propulsion
        • 7.4.1. Diesel
        • 7.4.2. Gasoline
        • 7.4.3. Electric
        • 7.4.4. Hybrid Electric
      • 7.5. Market Analysis, Insights and Forecast – By Class
        • 7.5.1. Class-1
        • 7.5.2. Class-2
        • 7.5.3. Class-3
        • 7.5.4. Class-4
        • 7.5.5. Class-5 & Above
      • 7.6. Market Analysis, Insights and Forecast – By Operation
        • 7.6.1. Autonomous
        • 7.6.2. Manual
      • 7.7. Market Analysis, Insights and Forecast – By Country
        • 7.7.1. UK
        • 7.7.2. Germany
        • 7.7.3. France
        • 7.7.4. Italy
        • 7.7.5. Spain
        • 7.7.6. Russia
        • 7.7.7. Rest of Europe

      8. Asia Pacific Forklift Truck Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Type
        • 8.2.1. Counterbalanced
        • 8.2.2. Rough Terrain
        • 8.2.3. Side Loaders
        • 8.2.4. Telescopic Handler
        • 8.2.5. Powered Pallets
        • 8.2.6. Others
      • 8.3. Market Analysis, Insights and Forecast – By Application
        • 8.3.1. Industrial
        • 8.3.2. Construction
        • 8.3.3. Logistics
        • 8.3.4. Others
      • 8.4. Market Analysis, Insights and Forecast – By Propulsion
        • 8.4.1. Diesel
        • 8.4.2. Gasoline
        • 8.4.3. Electric
        • 8.4.4. Hybrid Electric
      • 8.5. Market Analysis, Insights and Forecast – By Class
        • 8.5.1. Class-1
        • 8.5.2. Class-2
        • 8.5.3. Class-3
        • 8.5.4. Class-4
        • 8.5.5. Class-5 & Above
      • 8.6. Market Analysis, Insights and Forecast – By Operation
        • 8.6.1. Autonomous
        • 8.6.2. Manual
      • 8.7. Market Analysis, Insights and Forecast – By Country
        • 8.7.1. China
        • 8.7.2. India
        • 8.7.3. Japan
        • 8.7.4. Australia
        • 8.7.5. South East Asia
        • 8.7.6. Rest of Asia Pacific

      9. Latin America, Middle East and Africa Forklift Truck Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Type
        • 9.2.1. Counterbalanced
        • 9.2.2. Rough Terrain
        • 9.2.3. Side Loaders
        • 9.2.4. Telescopic Handler
        • 9.2.5. Powered Pallets
        • 9.2.6. Others
      • 9.3. Market Analysis, Insights and Forecast – By Application
        • 9.3.1. Industrial
        • 9.3.2. Construction
        • 9.3.3. Logistics
        • 9.3.4. Others
      • 9.4. Market Analysis, Insights and Forecast – By Propulsion
        • 9.4.1. Diesel
        • 9.4.2. Gasoline
        • 9.4.3. Electric
        • 9.4.4. Hybrid Electric
      • 9.5. Market Analysis, Insights and Forecast – By Class
        • 9.5.1. Class-1
        • 9.5.2. Class-2
        • 9.5.3. Class-3
        • 9.5.4. Class-4
        • 9.5.5. Class-5 & Above
      • 9.6. Market Analysis, Insights and Forecast – By Operation
        • 9.6.1. Autonomous
        • 9.6.2. Manual
      • 9.7. Market Analysis, Insights and Forecast – By Country
        • 9.7.1. Brazil
        • 9.7.2. Saudi Arabia
        • 9.7.3. UAE
        • 9.7.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Hyster-Yale Material Handling Inc.
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Komatsu Ltd.
      • 10.6. Hyundai Heavy Industries Ltd
      • 10.7. Mitsubishi Forklift Corporation
      • 10.8. KION Group AG
      • 10.9. Toyota Industries Corporation
      • 10.10. Crown Equipment Corporation
      • 10.11. Anhui Heli Co. Ltd
      • 10.12. Clark Material Handling Company
      • 10.13. Comblift Limited
      • 10.14. Doosan Industrial Vehicle America Corporation.
      • 10.15. Hangcha Group Co. Ltd
      • 10.16. Konecranes
      • 10.17. Manitou Group
      • 10.18. Godgej & Boyce Group
      • 10.19. Lonking Forklift Co.
      • 10.20. Hubtex Maschinenbau GmbH & Co. KG
      List of Figures

      Figure 1: Global Forklift Truck Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
      Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 9: Global Forklift Truck Market Forecast (USD Billion), by Others, 2016-2027
      Figure 10: Global Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
      Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
      Figure 16: North America Forklift Truck Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 21: North America Forlift Truck Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
      Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
      Figure 31: Latin America Forklift Truck Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
      Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
      Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
      Figure 47: Europe Forklift Truck Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
      Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
      Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
      Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
      Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
      Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
      Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
      Figure 67: Asia Pacific Forklift Truck Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
      Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
      Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
      Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
      Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
      Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
      Figure 86: Middle East & Africa Forklift Truck Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
      Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
      Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027 
      List of Tables
      Table 1: Global Forklift Truck Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
      Table 5: North America Forklift Truck Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 9: Europe Forklift Truck Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 13: Latin America Forklift Truck Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 17: Asia Pacific Forklift Truck Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 21: Middle East & Africa Forklift Truck Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Research Process

      Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.

      In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization

      FIGURE 1: DLR RESEARH PROCESS

      research-methodology1

      Primary Research

      Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.

      In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.

      It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.

      Secondary Research

      Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.

      Market Size Estimation

      Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.

      Forecast Model

      research-methodology2