Forklift Market (By Type: Counterbalanced, Side Loaders, Rough Terrain, Powered Pallets, Telescopic Handler, and Others; By Propulsion: Gasoline, Diesel, Hybrid Electric, and Electric; By Operation: Manual and Autonomous; By Class: Class 1, Class 2, Class 3, Class 4, and Class-5 & Above; By Application: Industrial, Logistics, Construction, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027
The global forklift market is expected to grow at a noteworthy CAGR of 3.02% over the forecast period and projected to hit around USD 27.89 billion by 2027.
Rising security & safety concern for the workers those performing transporting and lifting task of heavy materials drives the demand for forklift. Further, rise in e-commerce sho