Forklift Truck Market

Apr 2020| VMR2538A| Verified Market Research

Report Highlights

Forklift Truck Market Size And Forecast

Forklift Truck Market was valued at USD 38.73 Billion in 2018 and is projected to reach USD 60.84 Billion by 2026, growing at a CAGR of 5.8% from 2019 to 2026.

Global Forklift Truck Market Outlook

The growing demand for the e-commerce business is the key factor for driving the growth of the market. In addition, the increasing utilization of the trucks by manufacturers and suppliers is another factor contributes to propel market growth. Moreover, the growing need for warehouse space and development in infrastructure tends to increase the construction activities and in response led to imposing a positive impact factor o market growth. However, the huge cost associated with the forklift is restricting the market growth.

Global Forklift Truck Market Competitive Landscape

The Global Forklift Truck Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Komatsu Ltd., Kion Group AG, EP Equipment, CO.,LTD, Toyota Industries Corporation, Jungheinrich AG, Crown Equipment Corporation, Doosan Industrial Vehicle America Corp., Hangcha Group; Hyster-Yale Materials Handling, Inc., and Hyundai Heavy Industries Co., Ltd.

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