Tech Innovation to Boost Growth in the Global Forklift Market Through 2030
According to the report, the global forklift market is projected to reach ~ US$ 30 Bn by 2030 , expanding at a CAGR of ~ 3% during the forecast period. Rise in industrialization and number of warehouse centers is likely to boost the market for forklifts during the forecast period. Moreover, increase in the use of forklifts to lift and move materials from one place to another in warehouses, industries, and logistics services is projected to boost the forklift market. Most industries and construction companies are deploying a large number of forklifts to enhance security and safety of workers, which is anticipated to boost the forklift market across the globe. Majority of the industries are trying to develop forklifts with ultra-capacitors in order to increase the efficiency of forklifts. Ultra-capacitors help enhance the battery system, extending the life of battery-operated forklifts. New forklift models are being designed for operations in which lad...