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Rigid Packaging Market is expected to experience steady growth over the forecast period 2015 - 2021

Global rigid packaging market is valued at USD 577.34 billion in 2015 and is expected to reach USD 750.57 billion by 2021, growing at a CAGR of 4.5% from 2015 to 2021. The major reasons for the success of the rigid packaging market is the growing demand for packaged food products and increasing usage of industrial packaging products. Furthermore, increasing demand for processed food due to growth in urbanization has boosted demand for ready-to-eat packaged foods in different developed countries such as China, India, France, UK, the U.S., and Brazil among others. Additionally, plastic is widely used in pharmaceuticals and to manufacture healthcare equipment. All the above mentioned factors are expected to fuel the growth of this market globally.

Rigid packaging market is expected to experience steady growth over the forecast period. Growing demand for convenience food and other products, and increasing number of small nuclear families is expected to provide abundant opportunities for the growth of global rigid packaging market. Development of new packaging material coupled with new small pack sizes are further fueling the growth of the rigid packaging market globally. In addition, increasing popularity of packaging-media with long shelf life of finished products and other products is propelling the demand for rigid packaging in the global food and beverage industry. Apart from this, increasing international trade that has boosted the inflow of investment in quality packaging is also driving the food and beverage industry further. As a result, huge growth opportunities are present for manufacturing companies in this market globally.

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In the report, the rigid packaging market is segmented into by raw material types, by application and by geography. Based on raw material type, the market is segmented into metal, plastics, paperboard, and glass among others. On the basis of application, the market is categorized into food and beverage; pharmaceuticals; durable goods such as home appliances, furniture, firearms, and toys; cosmetics and toiletries, industrial packaging such as automotive equipments, consumer electronics, sports equipment, foot wear boxes among others. Other application segment includes stationer products, jewellery boxes among others.

The primary factors contributing to rising demand for rigid packaging include increased consumer spending on attractive packaged goods globally and changing demographic trends such as rising urban population. Urban consumers are prone to use more packaged foods as compared to their rural counterparts. Apart from this, rigid and flexible packaging is the largest duty free market globally and in the Asia Pacific market as well. Hence, rigid packaging manufacturers are focusing on increasing production to meet growing consumer needs. Furthermore, growing demand for rigid packaging is expected to be supported by the expanding and extensive recycling infrastructure for plastic, glass and metal.

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Rigid packaging is used to store different food and beverage products such as carbonated soft drinks, bottled water, juices, teas, nutritional drinks, sports drinks, frozen food, and baby food among others. Rigid packaging is gaining popularity in the food and beverages industry as it provides longer shelf life to the packaged food items. Apart from this, increasing international trade is propelling the food and beverage industry to invest more in quality packaging. This in turn, provides ample growth opportunities for rigid packaging manufacturing companies. Therefore, rising demand for long lasting packaging of food items, beverages, and other products is projected to fuel the growth of rigid packaging market globally.

The rigid packaging market has seen diversified trends across different regions including North America, Europe, Asia Pacific and Rest of the World (RoW). Geographically, Asia Pacific held the largest market share in 2014 and is expected to grow significantly due to growing demand from leading markets such as the China and India. North America and Europe are expected to witness average growth due to sluggish growth of food and beverage industry in these regions over the forecast period. However, in spite of all these driving factors behind the growth of the rigid packaging market, stringent government regulations across different countries is restraining the growth of this market.

Rigid packaging market is dominated by key players such as Tetra Pak International, DS Smith PLC, Georgia-Pacific Corporation, and Holmen AB. The other players are Crown Holdings, Inc., Berry Plastics Corporation, ALPLA Werke Alwin Lehner GmbH & Co KG, Rexam PLC, Ball Corporation, RESILUX NV, and Reynolds Group Holdings Limited among others.

Table of Content

1. Preface

2. Executive Summary

3. Global Rigid Packaging Market – Industry Analysis

4. Global Rigid Packaging Market Analysis, by Raw Material Type

5. Global Rigid Packaging Market Analysis, by Application

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Automotive Catalytic Converter Market is directly related to the growth of automobiles market 2021

A catalytic converter is an automotive component that removes three major harmful compounds from exhaust system of vehicles. The three toxic compounds are namely, nitrogen oxide, carbon monoxide and hydrocarbons. Nitrogen oxides are formed when the heat in the engine induces nitrogen to diffuse with oxygen whereas carbon monoxide is formed by combustion of gasoline. Hydrocarbons are the unutilized gasoline in automobiles.

In catalytic converters, the catalysts are in the forms of rhodium, palladium or platinum, which is coated onto ceramic beads that are attached to exhaust pipes. The catalysts convert carbon monoxide into carbon dioxide, nitrogen oxide into oxygen and nitrogen, and hydrocarbons into water and carbon dioxide. Platinum used to be the most widely used catalyst but due to its huge cost, palladium and rhodium are used now-a-days. Palladium is the cheapest form of catalyst, which has a price of 40%-50% less than that of rhodium. Platinum and rhodium are generally used as catalysts in high-end automobile exhaust systems.

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In Europe, France, Germany, Italy and U.K. are the largest regional markets for automotive catalytic converters. In Asia Pacific, Japan, China and India are the largest regional markets. In North America, the U.S. has been showing steady growth over years and is one of the dominant automotive catalytic converters markets in the world. In Latin America, Brazil is showing substantial growth and is expected to be a key market in the coming years.

Key participants in the industry include Magneti Marelli S.P.A., Faurecia SA, Tenneco Inc., Benteler International AG, Eberspaecher GmbH Holding & Co. KG, BASF Catalysts LLC, Calsonic Kansei Corporation and Clean Diesel Technologies, Inc

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Table of Content

1. Preface

2. Executive Summary

3. Global Overview

4. Global Automotive Catalytic Converter Market: By Type

5. Global Automotive Catalytic Converter Market: By Material

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Optoelectronic Components Market to be worth US$137.44 bn by 2023

The global optocouplers market has been covered under the scope of this report. The advancement in the automobiles and industrial applications has propelled the growth of companies which produce optocouplers. Optocouplers are capable of isolating different voltage levels thus safeguarding components from voltage spikes in the same circuit. These components are highly used in automobiles, industrial applications, communication sector and printer & imaging devices among others. The primary purpose of the optocouplers is to isolate or step down from high voltage current to low voltage current. New technologies for isolation are giving rise to high speed, high operation temperature and low input current optocouplers..

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Global optocouplers market is primarily driven by factors such as growth of industrial and automotive sector in emerging markets. Industrial automation communication and automotive sectors are witnessing high demand for optocouplers in developing countries such as China, India, and others. The market in these regions are mainly driven by huge investment for faster communication systems and demand for high end automotives The increase in automation in the manufacturing sector is driving the growth of the market as the optocouplers forms an integral part of the automation process. Optocouplers are required to isolate electrical current in various components and transfer data while isolating noise. Moreover, increasing demand for hybrid vehicles (HEVs) globally is driving the market for optocouplers. Considering all these positive impacts, demand for optocouplers is set to rise during the forecast period, i.e., 2015 to 2021.

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The global optocouplers market has been broadly segmented into four regions, North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, Europe acquired the largest share of the market in 2014 followed by Asia Pacific. Rise in the demand of optocouplers is witnessed in the industrial and the automotive sectors. The primary factors which are driving European market includes increasing demand for automation in manufacturing companies, rising demand for HEVs and communication sector. Growth of optocouplers market in Asia-Pacific region can be attributed to the high demand in industrial application and automotive sector.

The global optocouplers market, by product types is bifurcated into six segments such as 4 pin optocouplers, 6 pin optocouplers, high speed optocouplers, IGBT gate drivers, isolation amplifiers and others..

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Some of the leading players in the market are, Avago Technologies (United States), Fairchild Semiconductor (United States), Vishay Intertechnology (United States), and Renesas Electronics (Japan) among others.

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Growth of Luxury Goods Market Is Hampered by Unavailability of Raw Materials

Despite economic turbulence in developed markets and currency devaluation in emerging markets, growth of luxury goods is projected to remain positive over the forecast period. The global market for luxury goods was valued at USD 296.15 billion in 2013 and is expected to reach USD 374.85 billion in 2020, growing at a CAGR of 3.4% from 2014 to 2020. The overall market is expected to demonstrate healthy growth during the forecast period due to increase in the number of high net-worth individuals worldwide, and resilient economy of some of the major developed markets.

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The demand for luxury goods is increasing globally due to the superior standards of living in developing countries. Moreover, increasing use of innovative marketing campaigns and activities through digital media platforms in the travel retail industry are acting as drivers for luxury goods. Currently, growth of this market is hampered by unavailability of raw materials and high tariffs in some potential markets such as Brazil, India, and China. .

Among the different segments, fragrances, premium liquors and luxury watches/jewelry are expected to witness rapid growth, primarily in emerging markets. Currently, leather goods and apparels is the largest application segment for the global luxury goods market, followed by luxury watches and jewelry and is expected to dominate the market by 2020. Luxury goods companies are offering a perfect mix of absolute and affordable luxury goods to capture maximum number of customers in all segments.

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Europe is the largest regional market for the global luxury goods market, followed by North America. Europe is expected to dominate the luxury goods market in terms of revenue by 2020, as it is still considered the best destination for domestic as well as international fashionable and luxury goods shoppers. Along with standalone own brand stores, online retail and high-end departmental stores is contributing greatly to the growth of global luxury goods market in Europe. Working women, high net-worth individuals, and young affluent buyers are among the potential customers expected to drive the global demand for luxury goods during the forecast period. APAC and RoW are fast-growing markets with large number of newly-listed high net-worth individuals in the past five years. These customers are well-travelled and aware of the latest fashions and trends. With upscale lifestyles and higher purchasing power, these customers are expected to fuel growth of the global luxury goods market in the developing markets of RoW and APAC.

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The global luxury goods market is dominated by several major players such as LVMH, Hermes International S.A., Prada S.p.A., Compagnie Financière Richemont S.A. (hereby referred as Richemont), Kering Group, The L\'Oréal Group, Coty, Inc., Tiffany & Company, Rolex S.A., and others. The leading players in the global luxury goods market are acquiring partners to strengthen their respective product offerings. For instance, LVMH acquired Heng Long´s leather business in Singapore in October 2011, in order to strengthen its position in the market, by ensuring continuous supply of finished leather & hide.. Furthermore, Hermes International S.A. acquired d\'Annonay tannerie in January 2013. Such acquisitions and mergers are expected to rise in the forecast period. The players in this market are engaging in acquisitions and mergers in order to gain greater control over raw materials supply, in order to produce exclusive goods and lower their total manufacturing costs.

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Large Power Transformers Market Overview, Share, Development, Trends, Growth, Research

Power transformers connect electrical networks or systems of different voltages to allow power exchange between them. Power transformers are used for power generation, power transmission, electro-intensive industrial applications, and consumer applications. The demand for power transformers is expected to continually grow due to increasing electrification in emerging as well as developed economies.

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Favorable government regulations for production of green energy are also expected to fuel the growth of the large power transformers market over the forecast period. Global environmental concerns highlight the need for lower emissions and water conservation in both existing and new power plants. As a result, leading companies such as Alstom have developed and introduced green transformers for environmentally delicate zones. Similarly, Crompton Greaves Ltd. designed, produced, and installed extremely low noise power transformers for environmentally critical regions.

Asia Pacific occupied the largest market share in 2013, which can be attributed to growing energy demands coupled with technological advancements in this region. Rest of the World economies such as the Middle East is expected to steadily expand their power infrastructures, attracting intense competition from global as well as regional market players.

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Large power transformers between the power ratings of 100 MVA and 500 MVA are expected to exhibit the fastest growth till 2020, in terms of revenue from 2014 to 2020. This growth is attributed to the fact that 100 MVA and 500 MVA rating transformers are the most widely used by utilities around the globe. Further, large power transformers between the power ratings of 801 MVA and 1200 MVA are expected to be used for HVDC and UHVDC power generation in the Asia Pacific and Middle East regions on account of rising energy demands in these regions in the near future.

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The global large power transformers market has been segmented by power rating into 100 MVA to 500 MVA power transformers, 501 MVA to 800 MVA power transformers, and 801 MVA to 1200 MVA power transformers. The key industry participants include ABB Ltd., Alstom SA, Crompton Greaves Ltd., Siemens AG, GE Co, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries Ltd. and TBEA Co. Ltd. among others.

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Industrial Protective Footwear Market in Turkey and Russia Industry Analysis, Top Players, Revenue

Industrial protective footwear market includes safety footwear used for worker’s safety across various industries such as construction, manufacturing, oil and gas, chemicals, and pharmaceuticals among others. Rise in the number of worker accidents coupled with the implementation of strict regulations are major factors driving the market currently. The market is expected to witness robust growth as the impact of these regulations is expected to increase in the coming years.

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This report has been segmented by application and by country. The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for industrial protective footwear and highlighted future trends that will have an impact on demand. By country, the market has been segmented into, i.e., Russia and Turkey. The present market size and forecast until 2020 has been provided in the report. The report also analyzes macro economic factors influencing and inhibiting growth of the industrial protective footwear market.

The others segment including agriculture, government usage, unorganized sector and small scale manufacturing utilities, is the largest application segment for industrial protective footwear in Russia. However, manufacturing is the fastest growing application segment for industrial protective footwear in Russia. The manufacturing segment was valued at USD 46.4 million in 2013. However, among the major application segment of industrial protective footwear in terms of volume, oil and gas held the largest share valued at 0.86 million pairs in 2013. Apart from this, the average selling price for construction segment was highest valued at USD 108.06 in 2013.

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Among the major application segments, manufacturing held the largest market share. However, the food segment valued at USD 15.0 million in 2013 is the fastest growing application segment for industrial protective footwear in Turkey. The average selling price for industrial protective footwear in the others segment was the least valued at USD 39.22 in 2013.

Apart from this, government regulations are present in this region which acts as restraining forces for the new entrants to these markets. Apart from this, there are most favored nation rates and sales tax and other duties which are to be followed compulsorily by foreign manufacturers.

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Major industry participants include Jal Group (Italy), Rahman Group (India.), Saina Group Co. Ltd. (China), Oftenrich Holdings Company Limited. (Taiwan), Cofra Holdings AG (Switzerland), Red Wing Shoe Company Inc. (U.S.) and Timberland LLC (U.S.) among others.

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Industrial Protective Footwear Market in South America Industry 2020 Industry and Market Research

Industrial protective footwear market encompasses safety footwear utilized for workplace safety across various industries such as construction, manufacturing, oil and gas, chemicals, and pharmaceuticals among others. Stringent government regulations along with increasing number of workplace accidents are the major factors driving the demand for industrial protective footwear currently. The industrial protective footwear market is likely to experience robust growth during the forecast period due to the impact of these regulations.

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This report has been segmented by country and by application. The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for industrial protective footwear and highlighted future trends which will affect the demand for industrial protective footwear in this region. By country, the market has been segmented into Brazil, Chile, Peru, Colombia, Venezuela and Uruguay. The present market size and forecast until 2020 has been provided in the report. The report also analyzes macro economic factors affecting and restraining growth of the industrial protective footwear market in this region. Apart from this, the report also covers the entry barriers (tariff and non-tariff) for new business utilities in the industrial protective footwear market in South America.

The applications for industrial protective footwear in the others segment held the largest market share in Brazil. The others segment includes government usage, agriculture, small scale manufacturing and unorganized sector. Agriculture is one of the major segments contributing to the gross domestic product of Brazil. In addition, pharmaceutical is one of the fastest growing application segments in this region. The pharmaceuticals segment was valued at 0.56 million pairs in 2013 and is expected to witness a robust growth in the forecast period. The growth in this segment is attributed to the increasing demand for early diagnosis and sophisticated medical procedures. Moreover, the increasing awareness of workplace safety is also boosting the demand for industrial protective footwear in Brazil.

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Manufacturing is the largest application segment in Colombia. The manufacturing segment was valued at USD 21.4 million in 2013 and is expected to have a stable growth during the forecast period. However, pharmaceutical is the fastest growing segment in this region valued at 0.08 million pairs in 2013. Apart from this, rapid industrialization and increasing awareness of workplace safety is also boosting the demand for industrial protective footwear in Colombia. In addition to this, the foreign manufacturers in order to sell their products in the local markets in this region have to comply with the mandatory standards and norms. The standards are pegged to the international standards with little changes according to the cultural requirements of the country.

The application of industrial protective footwear in the others segment held the largest share in Venezuela. The growth in this segment is attributed to the increasing awareness and usage in the agricultural segment. However, oil and gas is one of the major application segments for industrial protective footwear in Venezuela. In addition, the average selling prices in Venezuela are much higher as compared to the other countries in South America. The high tariff rates are is the major factor leading to the higher prices in this region. Construction is the fastest growing application segment for industrial protective footwear in Venezuela. The construction segment was valued at USD 3.6 million in 2013 and is expected to witness robust growth in the forecast period.

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In terms of volume in million pairs the others segment held the largest share for industrial protective footwear in Uruguay. The others segment was valued at 0.044 million pairs in 2013. Increasing demand in the field of agriculture due to increasing awareness of workplace safety is one of the major factors boosting the growth in this segment.

Furthermore, government regulations in these countries act as restraining forces for the new business entrants to the local markets. In addition, there are most favored nation (MFN) rates and sales tax and other duties which are to be followed compulsorily by foreign manufacturers.

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Gourmet Salts Market to Expand at 6.90% CAGR till 2025, Driven by Rising Viewership of Cookery Shows

Salt is a crystalline inorganic mineral formed by the combination of two elements, namely, sodium and chlorine. Gourmet salts are unrefined and high-quality salts used in exotic cuisines to enhance taste, flavor, texture and appeal of food. These are available in different sizes, colors and flavors, depending on the source of the salt. Moreover, these salts possess better solubility and also have high mineral content. Generally salts are classified as harvested and mined salt. Harvested salts are collected from sea water thorough evaporation either by solar or vacuum techniques. Coarse salt, fleur de Sel, flake salt, sel gris, Italian sea salt, and sea salt are some of the popular variants of harvested salts. Mined salts are collected from salt mines using techniques such as crushing of large mineral rocks containing salt to manageable sizes. These are then further screened and packaged as per requirements. Table salt and Himalayan pink salt are most popular variants of mined salts.

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The global gourmet salts market is anticipated to grow from US$ 1052.8 Mn in 2014 to US$ 2194.8 Mn by 2025, expanding at a CAGR of 6.9% during the forecast period (2015–2025). Increasing adoption of natural ingredients in food and rising penetration of gourmet cuisines at household levels is driving the overall market growth. Rising popularity of cooking shows and new product launches are attracting consumers towards use of gourmet salts.

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In 2014, the fleur de sel segment was valued at US$ 210.7 Mn, and is expected to account for US$ 225.6 Mn by the end of 2015. The coarse salt segment was valued at US$ 196.4 Mn in 2014, and is expected to reach US$ 210.7 Mn at the end of 2015.

In 2014, meat and poultry segment was valued at US$ 317.8 Mn and is expected to reach US$ 340.2 Mn by the end of 2015. The segment is expected to register the highest CAGR of 7.5% over the forecast period, followed by the bakery and confectionery segment.

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Key players in the global gourmet salts market include Cargill, Incorporated, Morton Salt, Inc. (K+S Aktiengesellschaft), SaltWorks, Inc., CK Life Sciences Int’l., (Holdings) Inc. (Cheetham Salt Limited), Amagansett Sea Salt Co., Murray River Gourmet Salt, INFOSA, Pyramid Salt Pty. Ltd. and The Marblehead Salt Co. LLC. J.C. Peacock is the major distributor profiled in this report.

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GaN Industrial Devices Market Key Trends, Challenges, Standardization and Forecast

Gallium Nitride (GaN) has a wide band gap and owing to its advanced features such as high breakdown voltage, high switching frequencies, enhanced power efficiency, high conduction and thermal stability, GaN is largely being preferred for numerous applications. These characteristics have enabled GaN power semiconductors to penetrate into various high power applications such as inverters for home appliances, inverters for trains, broadband wireless networks systems, power converter circuits, turbines, industrial and heavy electrical systems, and electric and hybrid vehicles.

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GaN technology is set to replace the silicon technology because of its superior characteristics and increasing applications as compared to silicon. The properties of GaN allow its discretes such as FETs, HEMTs, Schottky diodes and other advanced power devices to operate at higher voltages efficiently. GaN industrial devices market is expected to progress in the coming years, with the penetration in the medium voltage power electronics market. The majority of the revenue in GaN industrial devices market is coming from the ICT sector because of increasing replacements of Si based devices with GaN. In addition, various RF devices used for communication applications are all being transformed to GaN based technology from Si technology.

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GaN industrial devices has several application segments, such as industrial systems, power distribution systems, turbines, heavy electrical systems, heavy machinery, electro-mechanical computing systems and advanced industrial control systems. In addition, new power applications (clean-tech) such as Smart Grid Power Systems, High-Voltage Direct Current (HVDC), Wind Turbines, Solar Power Systems and Wind Power Systems. GaN’s low sensitivity to ionizing radiation and better stability allows its use in satellites, solar cell arrays, and high end power equipments in military and aerospace sector. GaN industrial devices also find application in automobile sector; in the manufacturing of hybrid and electric vehicles.

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Major market participants profiled in this report include Fujitsu Limited (Japan), GaN Systems Inc (Canada), Freescale Semiconductors Incorporated (U.S.), International Rectifier Corporation (U.S.), and RF Micro Devices Inc. (U.S.), Efficient Power Conversion Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), Texas Instruments Inc. (U.S.), International Quantum Epitaxy (U.K.), Nichia Corporation (Japan) and Cree Inc., (U.S.).

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Cutting Edge and Cost-effective Product Lines from Prime Players to Propel Forklift Trucks Market

One of the challenging tasks in warehouses and distribution centers is that of placing and removing loads from storage racks, loading and unloading trailers in the yard or at the dock, delivering components to the assembly line, and positioning loads for further handling processes. To complete such tasks, forklift trucks are used across various industries such as aerospace, automotive, food and beverages, construction, consumer goods, e-commerce, and retail.

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Forklift trucks are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. To move lighter loads, manually powered vehicles such as carts and hand trucks are used.

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The global forklift truck market volume is forecast to expand at a CAGR of 6% during the forecast period from 2015 to 2021. The global forklift truck market is segmented on the basis of geographical region, product type, technology type, and by class. In 2014, by product type, counterbalance was the largest segment in the forklift truck market, accounting for 62.3% share of the overall market.

In this report, the global forklift truck market has been segmented into five major regions, which include North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Of all the regions, Asia Pacific dominated the overall forklift truck market in 2014 with over 41.4% share. Besides, China accounted for approximately 25% share of the global forklift truck market volume in 2014.

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Europe ranked second, accounting for over 30% market share, followed by North America, in 2014. Meanwhile, Asia Pacific is anticipated to be the fastest growing region, both in terms of value and volume, in the global forklift truck market over the forecast period.

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