Forklift Market Size Surpass Around US$ 27.8 Billion by 2027
February 10, 2021 19:00 ET
| Source:
Precedence Research
Precedence Research
Pune, INDIA
Precedence Research, Recently Published Report on “Forklift Market Size, Share, Growth, Trends, Segment Insights, Regional Outlook and Forecast 2020 to 2027”.
OTTAWA, Feb. 10, 2021 (GLOBE NEWSWIRE) -- The global
forklift market is expected to grow at a noteworthy compound annual growth rate (CAGR) of 3.02% over the forecast period and projected to surpass around USD 27.89 billion by 2027.
Why Forklift?
A forklift is a small vehicle equipped with power-operated forked platform that helps in moving vehicle from one place to another. Forklifts use mainly two types of energy source that are electricity or combustion engine. They are generally used in warehouses and distribution centers for lifting & transporting goods. They are among the prime equipment for industrial automation. Presently, electric-driven forklifts are given more emphasis as they are environment-friendly and have zero-gas emission.