Forklifts Strategic Business Report 2024: Internal Combustion Engine Forklifts Making Way for Electric Forklifts - Global Forecast to 2030 [Yahoo! Finance]
TOYOTA INDUS CRP UNSP/ADR (TYIDY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The global market for Forklifts is estimated at US$44.1 Billion in 2023 and is projected to reach US$64.8 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the forklift market is driven by several factors. The rapid expansion of the e-commerce industry has significantly increased the demand for efficient material handling equipment in warehouses and distribution centers. Technological advancements, including the development of more efficient and environmentally friendly electric forklifts, have led to their widespread adoption across various sectors. The increasing focus on workplace safety and regulatory compliance has also spurred demand for advanced forklifts equipped with safety features such as stability control, collision avoidance systems, and ergonomic designs. Additionally, the growing trend towards auto
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