Forklift Truck Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
Forklift Truck 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%. Similarly, North America has seen rise in the sales of these trucks across various verticals. Such increase in sales will drive the market in the forecast period. Report Coverage The report: “Forklift Truck Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Forklift truck Market. Key Takeaways Asia-Paci...