Hi elephantroom i have had a look at jungheinrich annual report 2011. This seems to show that North American market is 17% of global market and Europe is 34%. But GPD in north america is 3% and europe is 1.7%. My only conclusion to this must be the rental market for forklift that is much stronger in europe to north american market. So that must be driving the replacement of forklifts in europe. in Asia the markets share is 39% showing China as strong growth area but i think the rest of Asia will catch up and improve the asia share much more meaning the global market might grow a little or the european and north american market share of the global market will shrink