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U.S. Forklift Market Share, Segmentation, Research and Forecasts
to 2025 | Hexa Research
“ The U.S. Forklift market size to reach USD 11.94 billion by 2025.”
02 November 2018
The U.S. Forklift market size to reach USD 11.94 billion by 2025, owing to the rise in the construction,
building and infrastructural activities in the country. The U.S. forklift market is expanding owing to the swift
infrastructural development and industrialization, mainly in the industrial, commercial, and housing industry
and is expected to grow significantly over the forecast period. The Forklift industry in the U.S. is undergoing
constant innovations and technological advancements owing to the rapid advancement of fabrication
techniques and high end use of forklifts in the construction industry, which is expected to fuel the forklift
market growth over the forecast period.
The electric type forklift trucks segments held the largest share in the market and is expected to grow at a
significant rate over the forecast period. The electric type forklift trucks are gaining popularity owing to the
employment of several cutting-edge technologies and the ease of use in various end-use applications
throughout industries such as construction industry, manufacturing industry, freight handling end -uses
which is anticipated to fuel the growth of the forklift industry over the forecast period. The electric forklift
trucks are used for most of the warehouse and indoor applications. They also come in compact sizes and
can move standard loads while sustaining the capacity to completely function in small spaces around 11
feet wide. More and more number of industries and companies are no wadays replacing, purchasing and
upgrading to electric forklifts as they are more energy-efficient and environmentally friendly. Electric forklifts
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