China Is the Largest Forklift Market Worldwide, Says Chisult Insight in Its New Research Report Recently Uploaded at MarketPublishers.com03 Nov 2016 • by Natalie Aster
LONDON – In 2015, Europe registered the fastest growth amid regional forklift markets globally. Europe’s forklift market demonstrated sales volume uptick by slightly over 6% in the past year.
Restrained by weak demand from Brazil, the forklifts sales growth in America hardly reached 2% in 2015, even though the US forklift market grew by over 6%.
As for the Asian forklift market, it was dominated by China with a share of above 6% of the regional market in the previous year. Decline in the Chinese forklift market had a negative impact on the whole regional market scenario.
In 2015, the forklift market in China witnessed a 12% slump in sales volume, which dropped to the level of the year 2013 and totaled 236,976 units. In the past year China’s market was fluctant owing to the transformation of ‘Phase II Diesel Engine Discharge Standard’ to ‘Phase III’. However, China still remained the major market for forklifts worldwide.
Insightful research report “Global and China Forklift Industry Research Report, 2016-2018” prepared by Chisult Insight provides an all-encompassing overview of the global forklift market, paying special attention to the Chinese forklift industry landscape.
This new research publication draws a clear picture of the current situation in the market as well as offers a granular future outlook for the market up till 2018. Moreover, the study includes a thorough market segmentation analysis by product and region (Europe, America, Asia, Africa, Oceania). Also, the report provides valuable data on the key global forklift manufacturers and on the main forklift manufacturers in China. Competitive landscape analysis and profiles of the major global and Chinese forklift competitors are available here. An insightful review of the forklift industry growth influencing factors is also at hand in the report.
Many other in-demand research publications by the Market Publishers’ research partner, Chisult Insight, are available in this catalogue at MarketPublishers.com.