Global Hydraulic Forklift Market, By Fluid Types (Water-Based, Petroleum-Based, Synthetic Fluid), B

Published Date: | Report Code : EQ1958559

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The Hydraulic Forklift Market growth is expected to gain high momentum during the forecast period due to Rise in building and construction activities.

A forklift is also known for lift truck, j which is used to lift and move materials over short distances. Forklifts have become important equipment in manufacturing and warehousing. Hydraulic forklift works on the hydraulic system which contains many components such as pump, control valve, relief valve, return line and cylinder. The cylinders are sealed tubes with an inserted rod due to this reason hydraulic lines put pressure on the fluid. The pressurized fluid run through the hoses and connections on the different components that are powered via hydraulic pressure which result rod is pushed out. Some advantages of hydraulic forklift are powerful device with help of small effort can create force to move a large, heavy load. Along with this, hydraulic forklift have less maintenance cost.

Segment Analysis:

The global hydraulic forklift market is segmented on the basis of fluid type, operation type,cylinder type, application. By fluid type, this market is classified into water-based, petroleum-based, synthetic Fluid. All three types of fluids have its own advantages and limitations. Water-based fluids are fire-resistant but it does not provide as much lubrication as the other types. Synthetic fluids are important for high temperature and high-pressure systems. On the basis of operation type, the global hydraulic forklift market is split into ram-type, piston-type. Ram-type hydraulic forklift contain a single diameter, or straight rod. These type rods are used in the one direction cylinders. Ram-type cylinders are also called as fluid displacement cylinders. On the other hand, Piston-type hydraulic forklift can push the piston in two ways. On the basis types of cylinder type, this market is segmented into lift cylinder, tilt cylinder and power steering cylinder. The lift cylinder are used for the largest volume of fluid flow or gallons-per-minute. It contain single-acting hydraulic cylinder and used for pushing in only one direction. Tilt Cylinder contain double-acting hydraulic cylinder, It is used for push and pull its load. The power steering cylinder is a double-acting cylinder that is capable to exert equal force in opposite directions. By application, Forklifts are used across different applications such as wholesale & retail distribution, manufacturing, freight & logistics and others. freight & logistics is expected to the fastest growth because of booming e-commerce sector which caters to various product.

This market is expected in the Asia-Pacific and Europe regions due to the surging demand for new airports, seaports, and road construction in the regions. However, increasing penetration of e-commerce companies in countries like India & China is further bolstering the growth of forklift market in the region.

Key Factors Impacting Market Growth:

  • Growing need for energy-efficient hydraulic equipment

  • Rise in building and construction activities

Regional Outlook:

Major regions for hydraulic forklift market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for hydraulic forklift owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be rise in building and construction activities. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for hydraulic forklift market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others. Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, rise in building and construction activities are estimated to register high demand for hydraulic forklift market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of hydraulic forklift market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for hydraulic forklift market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Mitsubishi Logisnext Co., Ltd., Crown Equipment Corp., Hyster-Yale Materials Handling, Inc., Anhui Forklift Truck Group Co., Ltd., Hangcha Group Co., Ltd. and Doosan Industrial Vehicle

Market Segmentation:

By Fluid Types:

  • Water-Based

  • Petroleum-Based

  • Synthetic Fluid

By Operation Type:

  • Ram-Type

  • Piston-Type

By Cylinder Type:

  • Lift Cylinder

  • Tilt Cylinder

  • Power Steering Cylinder

By Application:

  • Wholesale & Retail Distribution

  • Manufacturing

  • Freight & Logistics

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Fluid Types

    • By Operation Type

    • By Cylinder Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Fluid Types

    • By Operation Type

    • By Cylinder Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Fluid Types

    • By Operation Type

    • By Cylinder Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Fluid Types

    • By Operation Type

    • By Cylinder Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Fluid Types

    • By Operation Type

    • By Cylinder Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Fluid Types

    • By Operation Type

    • By Cylinder Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global Hydraulic Forklift market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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