The global forklift market size was valued at USD 61,736.8 million in 2023 and is poised to grow at a significant CAGR of 2.8% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the forklift market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  

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The global forklift market segmentation:
1) By Power Source: ICE and Electric
2) By Load Capacity: Below 5 Ton, 5-15 Ton, and Above 16 Ton
3) By Operational Type: Manual and Autonomous
4) By Electric Battery Type: Li-ion and Lead Acid
5) By End User: Mining, Manufacturing, Retail & Wholesale, Logistics, Construction, Automotive, Food & Beverages, Natural Resources, and Others

The primary factors of the forklift market drivers are increased sea port cargo fueled by e-commerce handling boosting the forklift sales. The forklift market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.

The forklift market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the forklift market report, accounting for the highest share in 2023. It was followed by Asia Pacific, and then the other regions.

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The important profiles and strategies adopted by the forklift market key players are Toyota Industries Corporation, Anhui Heli Co. Ltd, Cargotec Corporation, Clark Material Handling Company Inc, Crown Equipment Corporation, Hangcha Group Co., Hyster Yale Materials Handling Inc, Jungheinrich AG, KION Group, Mitsubishi Heavy Industries Ltd is covered here to help them in strengthening their place in the market.

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