Market Research Report
North America Forklift Truck Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||664790|
|Published||Content info||102 Pages
Delivery time: 2-3 business days
|North America Forklift Truck Market Forecast 2020-2028|
|Published: March 12, 2019||Content info: 102 Pages||
The North America region, with respect to the forklift truck market, is estimated to garner a CAGR of 1.89% during the forecasted period. The increasing government investments, technological advancements in the construction equipment sector, and the increasing consumption of construction equipment, are the factors impacting market growth in the region.
The forklift truck market in the region of North America is studied through the geographies of the United States and Canada. The market region of North America is considered to be a promising one, as a result of the regional standards and benefits. In regions like Canada, there have been investments made by the government for airport infrastructure enhancement, which is set to increase the demand for forklift trucks in the region. This is because the forklift trucks are used in airports for undocking and stacking cargo shipments. The country boasts of a flourishing e-commerce industry, which is expected to result in huge growth opportunities for the market of the forklift trucks. Logistics is the backbone of industries and commerce in Canada. The growth for forklift trucks is to remain steady in the region as it offers effective logistic support in the region.
Some of the well-known and established companies in the market are, Mitsubishi Logisnext Co., Ltd., Jungheinrich Ag, Crown Equipment Corporation, Toyota Industries Corporation, Hyster-Yale Materials Handling, Inc., Ep Equipment Co. Ltd., etc.