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Global electric forklifts market size is expected to reach $102.97 Bn by 2028 at a rate of 12.7%, segmented as by product, counterbalanced, pallet trucks, reach trucks, pallet stackers, other products<br>
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Electric Forklifts Global Market Report 2024 Global Forecast 2024 – 2033 Market Size, Drivers, And Trends Top Market Research Firm 2023! We are honored to be listed as a top company at the forefront of research, by the Business Management Review © The Business Research Company. All Rights Reserved.
Electric Forklifts Market Segments The Business Research Company segments the electric forklifts market segments market report as: Counterbalanced; Pallet Trucks; Reach Trucks; Pallet Stackers; Other Products By Source By Product By Form By Battery Type Lead-Acid Batteries; Lithium-ion Batteries; Fuel Cell Chemical; Food And Beverage; Industrial; Logistics; Retail And E-Commerce; Other End Uses By Application By End Use . . . © The Business Research Company. All Rights Reserved.
Market Statistics The electric forklifts market size has grown rapidly in recent years. It will grow from $55.47 billion in 2023 to $63.65 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to environmental regulations, urbanization and indoor applications, government incentives, global supply chain changes.The electric forklifts market size is expected to see rapid growth in the next few years. It will grow to $102.97 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to stringent emission regulations, advancements in battery technology, rising fuel costs, focus on sustainability. Major trends in the forecast period include expansion of telematics and IoT Integration, increased adoption of autonomous forklifts, shift towards energy-efficient designs, partnerships and collaborations. $102.97 B $63.65 B $55.47 B Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers Electric Forklift Market Accelerates Amid Logistics Sector Expansion Trends Innovative Electric Pneumatic Forklifts To Meet Market Demand Region North America was the largest region in the electric forklifts market in 2023. © The Business Research Company. All Rights Reserved.
Top Players In The Market Major companies operating in the electric forklifts market are Toyota Motor Corporation, Mitsubishi Corporation, BYD Company Ltd, Komatsu Ltd., KION Group AG, Hyundai Heavy Industries, Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., Lonking Holdings Limited, Anhui Heli Co Ltd., Manitou Group, UniCarriers Corporation, Godrej And Boyce Mfg. Co. Ltd, Hangcha Group Co Ltd, Cascade Corporation, Crown Battery Manufacturing Company, Clark Material Handling International, Linde Material Handling, Taylor-Dunn Manufacturing Company, Doosan Industrial Vehicles Co. Ltd, Tailift Co Ltd, HELI Forklift Co Ltd, EP Equipment, Nissan Forklift Corporation Get More Information On The Market Report © The Business Research Company. All Rights Reserved.
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