Asia-Pacific dominates the global Forklift truck market due to rising urbanization and industrialization. Moreover, Japan, India and China are the major economies in Asia-Pacific that contribute to the adoption of forklift trucks.
The research estimates that the global forklift truck market is anticipated to grow at a CAGR of 6.4% during the forecasted period of 2016-2023. Global Forklift truck market report covers segmentation by its basis of product, technology and end-user.
The global material handling equipment market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whopping, CAGR of 7.5% during the estimated period (2017 – 2023).