Product ID: SQMIG20G2021
Global Forklift Market Size, Share, Growth Analysis, By Class(Class 1, Class 2), By Power(Internal Combustion Engine, Electric) - Industry Forecast 2024-2031
Report ID:
SQMIG20G2021 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
71
Global Forklift Market Regional Insights
Geographically, the global forklift market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA). In 2021, Asia Pacific held a dominating share of 45.0%. The growth of this regional market is attributed to the rise in connections between manufacturers and their rise in investments on factory automation. Additionally, forklifts improve the operational effectiveness and workflow of production processes while streamlining supply chain distribution activities. A number of regional players are concentrating on the launch of new items to draw in more clients and broaden their clientele. With the recently released products hydrostatic drive technology, the forklift can shuttle constantly, increasing uptime and lowering maintenance costs.
On the other side, a substantial portion of the global market's share is anticipated to come from the Europe region because of the continent's fast urbanization and the growing demand from chemical and food producers. The demand for forklifts is also being driven by growing construction activities in nations such as the U.K., Germany, and France for usage in tasks like unloading pallets, steel joints, and building supplies.
Global Forklift Market Report Snapshots
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