The Global Forklift Market was valued at USD 57.62 billion in 2022, and is predicted to reach approximately USD 126.18 billion by 2031, at a CAGR of 9.1% from 2023 to 2031.
A forklift, which is also referred to as a lift truck or powered industrial truck, is a highly adaptable vehicle used extensively in warehouses, construction sites, and various industries. It possesses hydraulic lifting mechanisms and front-mounted forks, enabling it to effortlessly lift and transport heavy loads. Forklifts are available in several types, such as counterbalance, reach trucks,...
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