By submitting this form, you are agreeing to the Terms of Use and Privacy Policy.
Forklift is a type of vehicle categorized as a powered industrial vehicle. It is an industrial vehicle with a prolonged device attached that can be lowered and raised. These are used to transport and hoist heavy objects in industrial facilities, distribution centers, warehouses and outdoor environments.
Recently , increase in productivity, operator comfort, decrease in downtime, reduced number of injuries and accidents are the key elements in growth in the forklift market.
Advancement in the technology are paving way for greater adoption forklifts, development of intelligence forklifts, forklifts with ultra capacitors, robotic lift truck, fuel cell powered forklift trucks, fast charging battery based forklifts, and cost effective and hydrogen powered forklifts are drastically influencing the growth opportunities in the forklifts market.
The Global heavy duty forklift market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.