NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The Global Forklift Trucks Market size is estimated to grow by USD 23.26 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 7.2% during the forecast period. Rapid growth in construction sector is driving market growth, with a trend towards fuel cell-powered forklift trucks.
However, shortage of skilled operators poses a challenge - Key market players include Anhui Heli Co. Ltd., BYD Co.
Ltd., Cargotec Corp., Caterpillar Inc.
, CLARK Material Handling Co., Crown Equipment Corp., CVS FERRARI Spa, Dana Inc.
, EP Equipment Co. Ltd., Hoist Material Handling Inc.
, Hyster Yale Materials Handling Inc., Jungheinrich Group, KION GROUP AG, Komatsu Ltd., Konecranes, Manitou BF SA, Mitsubishi Heavy Industries Ltd.
, Royal Terberg Group BV, Sany Group, and Toyota Industries Corp.. AI-Powered Market Evolution Insights.
Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Key Market Trends Fueling Growth Forklift trucks are essential machinery in various industries for material handling. Manufacturers are focusing on research and development to enhance their offerings, leading to the emergence of forklifts powered by hydrogen fuel cells . This technology is gaining traction due to the need for increased operational efficiency and stricter regulations on carbon emissions.
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