Global Forklift Truck Market (2020 to 2027) - by Power Source, Class and End-use
Dublin, June 11, 2021 (GLOBE NEWSWIRE) -- The "Forklift Truck Market by Power Source, Class and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
Forklift truck can be defined as the most important and majorly vehicle for material handling. In addition, lift truck is powered industrial vehicle that is used for lifting and transporting material for short distance inside warehouses or other operational sites. Lift trucks are either gasoline powered or electric powered. Also, there is an increase in the penetration of electric powered forklift trucks in the recent days owing to benefits such as eco-friendly and noise less operation. Further, a typical forklift truck consists of two power-operated horizontal prongs that are raised and lowered for loading, transporting, and unloading of goods.
COVID Impact Analysis: The outbreak of the COVID-19 pandemic has led to several forklift manufacturers to either suspend or significantly reduce their production capacity to limit the spread of the virus. Automotive, manufacturing, logistics, materials handling among others companies shut down their plants, owing to the governments of various …
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