Persistence Market Research (PMR), delivers key insights on the forklift truck market in its latest report titled “Global Market Study on Forklift Trucks: Asia-Pacific to Witness Highest Growth by 2021”.
New York, NY — (SBWIRE) — 06/20/2017 — Key driving factors identified in the global forklift truck market include expansion of warehouse space globally, growing e-commerce business across the globe, strong demand for forklift truck replacement in developed markets, and bulk investments in purchase of low-cost forklift trucks in emerging markets.
According to the report, the global forklift trucks market was valued at US$ 35.3 Bn in 2014 and is projected to expand at a CAGR of 6.9% during the forecast period to reach US$ 55.9 Bn by the end of 2021.
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