Global Forklift Trucks Market, By Product Type, and Geography - Industry Insights, Trends, Outlook, and Opportunity Anal
Global forklift truck market drives the new growth opportunities in a different segment. Owing to growth in e-commerce business, expansion of warehouse space globally and rising manufacturing industries. Forklift trucks are motorized vehicles which are mainly used for movement, independent lifting, and placement of discrete loads throughout a facility. Industries such as Food industries and logistics are identified as lucrative targets for investment in forklift truck market and projected to rise with the highest market share. Other factors such as an increase in productivity, reduced injuries & accidents along with operator comfort are major factors that supplement the market growth. Manufacturers of materials handling equipment are focusing towards the advancement of equipment with high performance owing to the growing need for fuel efficiency and green technology based vehicles. Moreover, stringent government regulations related to carbon emissions in Japan and China and rise in adoption of electric forklift truck are expected to fuel the forklift truck market growth in the future.
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