Forklift Truck Market Poised to Grow at 11% CAGR by 2031 Amid Rising E-Commerce Demand
The forklift truck market is poised for steady growth driven by increasing demand from the ecommerce and warehousing industries. Forklift trucks, also known as lift trucks, are motorized vehicles used to lift and transport materials over short distances through the use of tines or forks. They provide efficient material handling capabilities and are well-suited for frequently lifting, stacking, and distributing goods in warehouses, manufacturing facilities, and other industrial operations. Forklift trucks minimize lifting fatigue and imp
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