{"id":51050,"date":"2021-03-10T07:00:00","date_gmt":"2021-03-10T07:00:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2021\/03\/10\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc\/"},"modified":"2021-03-10T07:00:00","modified_gmt":"2021-03-10T07:00:00","slug":"forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2021\/03\/10\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc\/","title":{"rendered":"Forklift Market Revenue to Cross $90 Bn by 2027; Global Market Insights Inc."},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">SELBYVILLE, Del.<\/span>, <span class=\"xn-chron\">March 10, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Global Market Insights Inc. has recently added a new report on the forklift market which <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=534492712&amp;u=https%3A%2F%2Fwww.gminsights.com%2Findustry-analysis%2Fforklift-market%3Futm_source%3DPrNewswire.com%26utm_medium%3Dreferral%26utm_campaign%3DPaid_PrNewswire&amp;a=estimates+the+market+valuation\" rel=\"nofollow\">estimates the market valuation<\/a>\u00a0for forklift will cross <span class=\"xn-money\">US$ 90 billion<\/span> by 2027. High demand for automated machines that will replace traditional manual material handling techniques will drive industry growth. The involvement of human labor for the movement of goods is time-consuming, in turn, reducing productivity. This has resulted in high demand for forklifts that ensure fast movement of pallets or goods.<\/p>\n<p>There is an increasing demand for counterbalance forklifts that safely lift a wide range of weights up to 48 tons. These trucks are versatile and can be operated in both outdoor and indoor environments. These forklifts are also gaining popularity as they can be powered using both gas and diesel. They can also be powered using batteries. Counterbalanced forklifts come in a range of capacities from 2,000 to 6,000 pounds. Storage units, warehouses, and distribution units are increasingly using these forklifts for their material handling requirements. There is a high demand for electric-powered counterbalance forklifts that ensure clean operations with zero-emission.<\/p>\n<p><b>Request for a sample of this research report @\u00a0<\/b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=1502182547&amp;u=https%3A%2F%2Fwww.gminsights.com%2Frequest-sample%2Fdetail%2F1371%3Futm_source%3DPrNewswire.com%26utm_medium%3Dreferral%26utm_campaign%3DPaid_PrNewswire&amp;a=https%3A%2F%2Fwww.gminsights.com%2Frequest-sample%2Fdetail%2F1371\" rel=\"nofollow\">https:\/\/www.gminsights.com\/request-sample\/detail\/1371<\/a><b>\u00a0<\/b><\/p>\n<p>There is an increasing demand for Class II electric motor narrow aisle trucks as they can be efficiently used in constrained spaces. This enables warehouse owners and industrial facility operators to maximize the available storage space. These trucks are used to handle pallets and move inventory in facilities. They ensure clean operations as they are powered by electric batteries. There is an increasing demand for forklifts as high maneuverability enables them to operate in narrow aisles and tight spaces. The growing adoption of forklifts in small industrial facilities will fuel the market growth.<\/p>\n<p>The expanding chemical industry globally, will offer <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=3907598575&amp;u=https%3A%2F%2Fwww.gminsights.com%2Fpressrelease%2Fforklift-market%3Futm_source%3DPrNewswire.com%26utm_medium%3Dreferral%26utm_campaign%3DPaid_PrNewswire&amp;a=growth+opportunities+to+the+forklift+market\" rel=\"nofollow\">growth opportunities to the forklift market<\/a>\u00a0as chemical facilities adopt these machines to handle large volumes of fluids and hazardous chemicals. Employee safety is a major concern for chemical facility operators as these companies deal with explosive and harmful chemicals. This encourages them to employ forklifts that will efficiently handle the fluids. Stringent regulations regarding worker safety will further propel the demand for forklifts across the chemical industry.<\/p>\n<p>The expanding industrial sector in the <span class=\"xn-location\">Middle East<\/span> &amp; <span class=\"xn-location\">Africa<\/span> will offer growth opportunities to the forklift market. Government organizations in the UAE and <span class=\"xn-location\">Saudi Arabia<\/span> are supporting industrial revolution with favorable initiatives. In the last decade, the contribution of the industrial sector in UAE&#8217;s GDP ranged between 11% and 14%. The government has embarked on a concerted effort to develop and sustain a prolific manufacturing and industrial sector in the UAE. Such initiatives will encourage industrial owners to replace traditional manual material handling techniques with new automated solutions. This will propel the forklift market growth.<\/p>\n<p><b>Some major findings of the forklift market report are:<\/b><\/p>\n<ul type=\"disc\">\n<li>The incorporation of advanced technologies, such as RFID and IoT, in forklifts will fuel their adoption. These technologies enable operators to remotely control the vehicle through a software and track the exact location of the vehicle. The growing penetration of IoT across the manufacturing sector will further boost the adoption of forklifts. <\/li>\n<li>The growing trend of warehouse automation will boost the demand for forklifts for transfer of goods in facilities. These lift trucks enable facility owners to speed up the process of material handling. It also enables them to easily place objects at large heights in racks. <\/li>\n<li>The expanding retail &amp; e-commerce industries will also fuel the demand for forklifts across distribution facilities. The growing popularity of online retailing has increased competition amongst market players. E-commerce companies are focusing on modernizing their distribution facilities to streamline operations. This will fuel the demand for forklifts for loading &amp; unloading goods in trucks and stacking them in warehouses. <\/li>\n<li>Class VII rough terrain forklifts will witness growing demand from the expanding construction sector globally. Commercial infrastructure development projects across the globe, will fuel the demand for lift trucks that can be employed in rugged outdoor environments.<\/li>\n<\/ul>\n<p><b>Request for customization of this research report at<\/b>\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=379320727&amp;u=https%3A%2F%2Fwww.gminsights.com%2Froc%2F1371%3Futm_source%3DPrNewswire.com%26utm_medium%3Dreferral%26utm_campaign%3DPaid_PrNewswire&amp;a=https%3A%2F%2Fwww.gminsights.com%2Froc%2F1371\" rel=\"nofollow\">https:\/\/www.gminsights.com\/roc\/1371<\/a><\/p>\n<p><b>Partial chapters of report table of contents (TOC):<\/b><\/p>\n<p><b>Chapter 3\u00a0\u00a0\u00a0Forklift Industry Insights<\/b><\/p>\n<p>3.1\u00a0\u00a0\u00a0 Industry segmentation<\/p>\n<p>3.2\u00a0\u00a0\u00a0 Impact of coronavirus (COVID-19) pandemic<\/p>\n<p>3.2.1\u00a0\u00a0\u00a0 Global outlook<\/p>\n<p>3.2.2\u00a0\u00a0\u00a0 Regional outlook<\/p>\n<p>3.2.2.1\u00a0\u00a0\u00a0 <span class=\"xn-location\">North America<\/span><\/p>\n<p>3.2.2.2\u00a0\u00a0\u00a0 <span class=\"xn-location\">Europe<\/span><\/p>\n<p>3.2.2.3\u00a0\u00a0\u00a0 <span class=\"xn-location\">Asia Pacific<\/span><\/p>\n<p>3.2.2.4\u00a0\u00a0\u00a0 <span class=\"xn-location\">South America<\/span><\/p>\n<p>3.2.2.5\u00a0\u00a0\u00a0 MEA<\/p>\n<p>3.2.3\u00a0\u00a0\u00a0 Industry value chain<\/p>\n<p>3.2.3.1\u00a0\u00a0\u00a0 Component suppliers<\/p>\n<p>3.2.3.2\u00a0\u00a0\u00a0 Manufacturers<\/p>\n<p>3.2.3.3\u00a0\u00a0\u00a0 System integrators<\/p>\n<p>3.2.4\u00a0\u00a0\u00a0 Competitive landscape<\/p>\n<p>3.2.4.1\u00a0\u00a0\u00a0 Strategy<\/p>\n<p>3.2.4.2\u00a0\u00a0\u00a0 Distribution network<\/p>\n<p>3.2.4.3\u00a0\u00a0\u00a0 Business growth<\/p>\n<p>3.3\u00a0\u00a0\u00a0 Industry ecosystem analysis<\/p>\n<p>3.3.1\u00a0\u00a0\u00a0 Raw material suppliers<\/p>\n<p>3.3.2\u00a0\u00a0\u00a0 Component suppliers<\/p>\n<p>3.3.3\u00a0\u00a0\u00a0 Manufacturers<\/p>\n<p>3.3.4\u00a0\u00a0\u00a0 System integrators<\/p>\n<p>3.3.5\u00a0\u00a0\u00a0 Distribution channel analysis<\/p>\n<p>3.3.6\u00a0\u00a0\u00a0 End-use landscape<\/p>\n<p>3.3.7\u00a0\u00a0\u00a0 Vendor matrix<\/p>\n<p>3.4\u00a0\u00a0\u00a0 Technology &amp; innovation landscape<\/p>\n<p>3.4.1\u00a0\u00a0\u00a0 Data analytics<\/p>\n<p>3.4.2\u00a0\u00a0\u00a0 Energy efficiency measures<\/p>\n<p>3.4.3\u00a0\u00a0\u00a0 Impact of IoT<\/p>\n<p>3.4.4\u00a0\u00a0\u00a0 Robotics &amp; automation<\/p>\n<p>3.4.5\u00a0\u00a0\u00a0 Telematics &amp; GPS technology<\/p>\n<p>3.5\u00a0\u00a0\u00a0 Regulatory landscape<\/p>\n<p>3.6\u00a0\u00a0\u00a0 Industry impact forces<\/p>\n<p>3.6.1\u00a0\u00a0\u00a0 Growth drivers<\/p>\n<p>3.6.1.1\u00a0\u00a0\u00a0 Rising expansion of e-commerce and logistic industry in <span class=\"xn-location\">North America<\/span>.<\/p>\n<p>3.6.1.2\u00a0\u00a0\u00a0 Stringent emission norms drive the demand for electric forklifts in <span class=\"xn-location\">Europe<\/span><\/p>\n<p>3.6.1.3\u00a0\u00a0\u00a0 Increasing technological innovations and adoption of automation in manufacturing activities in <span class=\"xn-location\">North America<\/span> and <span class=\"xn-location\">Europe<\/span><\/p>\n<p>3.6.1.4\u00a0\u00a0\u00a0 Growing automation demand from <span class=\"xn-location\">Asia Pacific<\/span><\/p>\n<p>3.6.1.5\u00a0\u00a0\u00a0 Improving industrial sector and enhancing productivity demand in South American economies<\/p>\n<p>3.6.1.6\u00a0\u00a0\u00a0 Proliferation of the aviation industry in MEA<\/p>\n<p>3.6.2\u00a0\u00a0\u00a0 Industry pitfalls &amp; challenges<\/p>\n<p>3.6.2.1\u00a0\u00a0\u00a0 High initial investment &amp; maintenance costs<\/p>\n<p>3.6.2.2\u00a0\u00a0\u00a0 Lack of trained operators<\/p>\n<p>3.7\u00a0\u00a0\u00a0 Growth potential analysis<\/p>\n<p>3.8\u00a0\u00a0\u00a0 Porter&#8217;s analysis<\/p>\n<p>3.8.1\u00a0\u00a0\u00a0 Industry rivalry<\/p>\n<p>3.8.2\u00a0\u00a0\u00a0 Threat of new entrants<\/p>\n<p>3.8.3\u00a0\u00a0\u00a0 Buyer power<\/p>\n<p>3.8.4\u00a0\u00a0\u00a0 Supplier power<\/p>\n<p>3.8.5\u00a0\u00a0\u00a0 Threat of substitutes<\/p>\n<p>3.9\u00a0\u00a0\u00a0 PESTEL analysis<\/p>\n<p>3.9.1\u00a0\u00a0\u00a0 Political<\/p>\n<p>3.9.2\u00a0\u00a0\u00a0 Economic<\/p>\n<p>3.9.3\u00a0\u00a0\u00a0 Social<\/p>\n<p>3.9.4\u00a0\u00a0\u00a0 Technological<\/p>\n<p>3.9.5\u00a0\u00a0\u00a0 Environmental<\/p>\n<p>3.9.6\u00a0\u00a0\u00a0 Legal<\/p>\n<p><b>About Global Market Insights<\/b><\/p>\n<p>Global Market Insights\u00a0Inc., headquartered in <span class=\"xn-location\">Delaware<\/span>, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.<\/p>\n<p><b>Contact Us:<\/b><\/p>\n<p><span class=\"xn-person\">Arun Hegde<\/span><br \/>Corporate Sales, <span class=\"xn-location\">USA<\/span><br \/>Global Market Insights, Inc.<br \/><b>Phone:\u00a0<\/b>1-302-846-7766<br \/><b>Toll Free:<\/b>\u00a01-888-689-0688<br \/><b>Email:<\/b>\u00a0<a target=\"_blank\" href=\"mailto:sales@gminsights.com\" rel=\"nofollow\">sales@gminsights.com<\/a><\/p>\n<p><b>Related Images<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=1496379849&amp;u=http%3A%2F%2Fcdn.newswire.com%2Ffiles%2Fx%2F09%2F72%2F8737c01a6f1e6ca3031ae431df28.jpg&amp;a=global-forklift-market-demand.jpg+\" rel=\"nofollow\">global-forklift-market-demand.jpg <\/a><br \/><b>Global Forklift Market demand worth <span class=\"xn-money\">USD 90<\/span> by 2027<\/b> <br \/>Forklift Market size is likely to cross <span class=\"xn-money\">USD 90 billion<\/span> by 2027, according to a new research report by Global Market Insights Inc. <\/p>\n<p><b>Related Links<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=310576462&amp;u=https%3A%2F%2Fwww.gminsights.com%2Findustry-analysis%2Fconstruction-equipment-rental-market&amp;a=Construction+Equipment+Rental+Market+\" rel=\"nofollow\">Construction Equipment Rental Market <\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=3265996395&amp;u=https%3A%2F%2Fwww.gminsights.com%2Findustry-analysis%2Fused-construction-equipment-market&amp;a=Used+Construction+Equipment+Market+\" rel=\"nofollow\">Used Construction Equipment Market <\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY04051&amp;sd=2021-03-10\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc-301244111.html\">http:\/\/www.prnewswire.com\/news-releases\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc-301244111.html<\/a><\/p>\n<p>SOURCE  Global Market Insights Inc.<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY04051&amp;Transmission_Id=202103100700PR_NEWS_USPR_____NY04051&amp;DateId=20210310\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SELBYVILLE, Del.<\/span>, <span class=\"xn-chron\">March 10, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Global Market Insights Inc. has recently added a new report on the forklift market which <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3091560-1&amp;h=534492712&amp;u=https%3A%2F%2Fwww.gminsights.com%2Findustry-analysis%2Fforklift-market%3Futm_source%3DPrNewswire.com%26utm_medium%3Dreferral%26utm_campaign%3DPaid_PrNewswire&amp;a=estimates+the+market+valuation\" rel=\"nofollow noopener\">estimates the market valuation<\/a>\u00a0for forklift will&#8230;<\/p>\n","protected":false},"author":1,"featured_media":51051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-51050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marco-carvajal"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forklift Market Revenue to Cross $90 Bn by 2027; Global Market Insights Inc. - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2021\/03\/10\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forklift Market Revenue to Cross $90 Bn by 2027; Global Market Insights Inc. - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"SELBYVILLE, Del., March 10, 2021 \/PRNewswire\/ --\u00a0Global Market Insights Inc. has recently added a new report on the forklift market which estimates the market valuation\u00a0for forklift will...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wordpress2.hdnweb.com\/en\/2021\/03\/10\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Multisitio 2\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-10T07:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wordpress2.hdnweb.com\/wp-content\/uploads\/2020\/05\/51050_1_81070.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"787\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"venred\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"venred\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2021\\\/03\\\/10\\\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/2021\\\/03\\\/10\\\/forklift-market-revenue-to-cross-90-bn-by-2027-global-market-insights-inc\\\/\"},\"author\":{\"name\":\"venred\",\"@id\":\"https:\\\/\\\/wordpress2.hdnweb.com\\\/#\\\/schema\\\/person\\\/c112e8e970f2cfc8553cdb5392b493ad\"},\"headline\":\"Forklift Market Revenue to Cross $90 Bn by 2027; 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