Forklift Truck Market - Forecast(2023 - 2028)

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Forklift Truck Market Forecast(2023 - 2028)
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• Forklift Trucks Market is forecast to reach 67.1
  billion by 2025, at a CAGR of 6.7 during
  2020-2025. Increased demand from the various
  industry verticals such as retail, ecommerce,
  automotive, consumer goods and many other
  industries for loading and unloading of
  components and delivery of components from
  manufacturing area to assembly line and
  positioning of loads are the major reason which
  is increasing the sales of the market.
•  In 2018, according to the World Industrial Truck
  Statistics (WITS) in 2018, Orders of forklift
  trucks in Asia Pacific increased from 0.56
  million in 2017 to 0.63 million in 2018, with a
  surge of 12.15.

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• Key Takeaways
• Asia-Pacific dominates the Forklift Market owing
  due to rapid urbanization and industrialization
  and stringent regulatory norm on reducing
  environmental footprints.
• Electric Forklift trucks market is growing at
  highest CAGR of 5.5 due to rising deployment of
  advanced electrification technology in modern
  industries and due to increased demand for
  operational efficiency
• Forklift trucks is likely to benefit enormously
  from the rapidly growing e-commerce industry
  around the world with technological advances and
  economic levels.

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• By Distribution Channel- Segment Analysis
• Electric powered Forklift market case is likely
  to register faster growth due to rising
  deployment of advanced electrification technology
  in modern industries. Increased demand for
  operational efficiency and the presence of strict
  regulations for reducing carbon emissions is
  driving the market for Electric Forklift segment.
• For instance in 2018, Environmental protection
  agency (EPA) made stringent rules to regulate
  engine emission in North America. Similarly India
  made commitment to reduce its carbon emission by
  24 by 2020. These regulations are aiming at
  lowering down CO2 emissions.

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• Forklift Truck Market
• Anhui Heli Co Ltd
• Clark Material Handling Company
• Crown Equipment Corporation
• Doosan Corporation Industrial Vehicle
• Ep Equipment Co Ltd
• Godrej Boyce Manufacturing Company Limited
• Hangcha Group Co Ltd
• Hyster-Yale Materials Handling Inc
• Hyundai Heavy Industries Co Ltd
• Jungheinrich Ag

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Forklift Truck Market Learn More About the
Report _at_ https//www.industryarc.com/Research/F
orklift-Truck-Market-Research-502393
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_
• https//www.industryarc.com/Research/Forklift-Truc
  k-Market-Research-502393

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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