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Home>India Forklift Market Overview, 2016-2022 - Research and Markets

India Forklift Market Overview, 2016-2022 - Research and Markets

India Forklift Market Overview, 2016-2022 - Research and Markets

10/06/2017

India Forklift Market Overview, 2016-2022 - Research and Markets

The "India Forklift Market Overview, 2016-2022" report has been added to Research and Markets' offering.

Major players includes Godrej & Boyce manufacturing company limited, KION India private limited (Voltas), Toyota material handling India private Limited and Action Construction Equipment private limited is the top the chart with more than 78% market share of overall India forklift market and CAGR is anticipated to increase of more than 13% of India forklift market.

Recently in March 2016, Major player Hyundai launched its forklift business in India with it complete range of forklifts and warehousing equipment. The entire range of forklift can be segregated into three major categories: Light duty (1 to 3 tonne), Medium duty (4 to 8 tonne), and heavy duty (10 tonne and above capacity). 60% is the counterbalance forklift and 40% warehousing equipment forklift. Light duty forklifts will be the major drivers since current trend is to have pollution free greener forklifts.

Industries like automobile, logistics, chemicals, pharma etc are growing in Indian market and they contribute to major share of forklift applications. The market will gradually move towards electric version and eventually the diesel forklifts will remain in the outdoor application only. Light generation trucks are high safety products with higher reliability and greater fuel efficiency.

Key Category

1. India Material Handling Equipment Market Outlook

2. India Forklift Market Outlook

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