Global Forklift truck Market: Regional Insights
Among regions Asia Pacific is expected to gain major share in the global forklift truck market over the forecast period. This can be attributed to high demand for forklift trucks from emerging economies such as China, Japan, and India. The rise in industrialization is one of the major factor which is expected to drive the growth of global forklift trucks market. Increasing expansion of e-commerce sector across China, Japan, and India are likely to witness major demand for forklift trucks during the forecast period.
Furthermore, Europe is also anticipated to exhibit major growth in the global forklift truck market over the forecast period. This is attributed to the increasing product launch in European market. For instance, in January 2022, VisionNav Robotics, a global supplier of autonomous industrial vehicles and intralogistics automation solutions, had launched fully automated, vision-guided forklift trucks and intelligent operating systems to the European market. Thus, Europe is likely to show strong growth in the market over the forecast future.
Figure 1: Global Forklift truck Market Share (%), By Region, 2022
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Forklift Truck Market Report Snapshots
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