Development in the e-commerce industry and increase in investment in the infrastructure market have boosted the growth of the global forklift truck market
PORTLAND, Oregon, May 13, 2020 /PRNewswire/ — Allied Market Research recently published a report, “Forklift Truck Market by Power Source(IC Engine Powered and Electric Powered), Class (Class 1, Class 2, Class 3, Class 4, Class 5, and Others) and End Use (Retail & Wholesale, Logistics, Automotive, Food Industry, and Others): Global Opportunity Analysis and Industry Forecast,2020–2027″. According to the report, the global forklift truck industry was pegged at $45.00 billion in 2019, and is projected to reach $81.40 billion by 2027, growing at a CAGR of 7.3% from 2020 to 2027.
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Prime determinants of market growth
Development in the e-commerce industry