Forklift Truck Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Forklift Truck Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players.
The global forklift truck market was valued at US$ 17.74 billion in 2016 and is projected to exhibit a CAGR of 3.74% over the forecast period, reaching US$ 23.81 billion by 2025. Fork lift trucks are mainly used for material handling, lifting, and stacking of discrete loads throughout the facility. These vehicles can be used with a variety of attachments such as clamps, grippers, and platforms to move and handle diferent types of materials and loads. Expansion of the logistics industry and economic growth in emerging economies have led to increasing logistics volume, therefore boosting growth of the forklift trucks market. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/market-insight/forklift-truck-market-928 Market Dynamics According to this report, one of the major growth drivers of the forklift market include increasing demand for these forklift trucks in the global e-commerce and warehouse sectors, increasing demand for global trade, growth in the container and shipping industry, and rampant globalization of supply chains. The global e-commerce market is expected to witness steady growth, exhibiting a CAGR of over 12% over the forecast period. Growth of the e-commerce market is driven by diverse portfolio of product segments such as electronic gadgets, apparels,