Portland, OR, July 28, 2020 (GLOBE NEWSWIRE) – According to Allied Market Research’s report, the global forklift market was set at $45.00 billion in 2019 and is expected to succeed at $81.39 billion through 2027, developing at an annual compound rate of 7.3%. 2020 to 2027. The report provides detailed research on the price chain, market dynamics, top-successful strategies, key segments, trading functionality, and competitive landscape.
The expansion of the e-commerce sector and increased investment in the infrastructure sector have spurred the expansion of the global forklift market. However, the rise of forklifts is hampering the market. In contrast, the production of mobile hydrogen fuel forklifts and the progression of autonomous forklifts would open up new opportunities in the coming years.
The global forklift market is segmented by energy source, class, end use and geography. Due to the power source, the market site is divided into IC and electric motors. The CI engine segment governed the place of market acceptance in 2019, representing approximately three-fifths of the place of market acceptance. However, the electrical segment is expected to register a CAGR of 8.0% during the forecasting period.
About Allied Market Research:
Allied Market Research (AMR) is a business consulting and full-service market research branch of Allied Analytics LLP founded in Portland, Oregon. Allied Market Research offers global corporations as well as medium and small businesses unmatched “market research reports” and “strategic intelligence solutions”. AMR has a specific vision to provide business data and recommendations to its customers to make strategic business decisions and to achieve sustainable expansion in their respective market areas. AMR serves 11 vertical sectors, adding life sciences, customer goods, fabrics and chemicals, structure and manufacturing, food and beverage, energy and energy, semiconductor and electronics, automotive and transportation, ICT and media, aerospace and defense, and BFSI.
We have professional relationships with corporations, which helps us extract knowledge from the place on the market that helps us generate accurate search knowledge tables and verify the greater accuracy of our market site forecasts. Each of the knowledge presented in the reports we publish is drawn through number one interviews with senior officials of giant corporations in the corresponding field. Our secondary knowledge acquisition method includes in-depth studies and discussions online and offline with relevant industry professionals and analysts.