The article cited AMA's Global Forklift Truck Market Study explored substantial growth with CAGR of 7.45%. According the report, Technology Advancement in Electric Forklift is one of the primary growth factors for the market. In the last few years, there is a significant demand for a forklift truck. For instance, in 2019, as per an article published by World Integrated Trade Solution, shipments of forklift trucks in the APAC region rise from 0.55 million to 0.63 million with an increase of around 13.4%. Therefore, it will drive the market growth. is also expected to contribute significantly to the Forklift Truck market. Overall, Factories applications of Forklift Truck, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Komastu Ltd. (Japan), Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Material handling Inc. (United States), Jungheinrich Group (Germany), Mitsubishi Nichiyu Forklift Corporation (Japan), Crown Equipment Corporation (United Kingdom), The Raymond Corporation (United States), Anhui HELI Co., Ltd (China) and Kalmar Global (Finland) may see astonishing sales in this Market and certainly improve revenue growth.

The Horsepower Capacity, such as ＜150HP, is boosting the Forklift Truck market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Engine Capacity, such as ＜4L, is boosting the Forklift Truck market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Power, such as Diesel Engine, is boosting the Forklift Truck market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Forklift Truck market identified that the demand is rising in many different parts of the world as "Increasing Demand for Battery-Operated Forklifts". Furthermore, some recent industry insights like "In June 2022, Mitsubishi Logisnext Americas group launched of the MX2 and MXL Series 4-wheel electric pneumatic forklifts with 5,000-7,000 and 9,000-12,000 lb capacities. These battery-powered forklifts are available to all UniCarriers brand dealers across North and South America, as well as the Caribbean." is constantly making the industry dynamic. One of the challenges that industry facing is "Issue related to High Cost of Battery Operated and Fuel Cell Forklift"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Forklift Truck market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Forklift Truck market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Forklift Truck market tight?
• Which application/end-user category or Product Type [Counterbalance Forklift Trucks, Walkie Trucks, Reach Trucks, Off-Road Forklifts, Truck-Mounted Forklifts, Articulated Trucks and Others] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Forklift Truck market and other related sub-markets covered in the study.

o Key & emerging players in the Forklift Truck market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Forklift Truck market size is calculated using market estimation process, the Forklift Truck market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Forklift Truck market size has been validated using both top-down and bottom-up approaches.