Global forklift market projected to reach $19. 1 Billion by 2026 – Market Report
According to market research report, “Global forklift market is expected to touch $19. 1 Billion by 2026.” The rising adoption of forklifts is being attributed to advantages such as efficiency and ability to move materials across different areas without any restrictions.
Going forward, demand for these systems is expected to increase driven by urbanisation and industrialisation along with the need of high-capacity systems for high production and yield of goods.
Other major significant drivers of forklift market size are booming e-commerce, e-tailing, growing automotive component manufacturing, burgeoning consumable goods industry, and rising construction industry.
In addition, the market size is expected to grow further owing to the technological advances, availability of automated platforms such as monitoring and tracking solutions. The growing demand for shelves, pallets and racks in end-use applications along with the ability of these systems to reduce human efforts and enhance efficiency presents lucrative growth opportunities.
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