The market for forklift trucks is divided into four categories: power source, class, end user, and area. The market is divided into two types of power sources: IC engine and electric. It is divided into five classes: class 1, class 2, class 3, class 4, class 5, and others. Retail and wholesale, logistics, automobiles, the food industry, and others are the end users. The market is divided into four regions: North America, Europe, Asia-Pacific, and LAMEA.
The e-commerce market is still expanding at a strong pace. Increased demand for consumer products has resulted in an increase in the need for warehouse space to keep products before they are sent in bulk to retail establishments via pallet loads and cases. To get the products to their destination without being damaged, many distribution tactics and warehouse technologies are used. Forklift trucks are used in warehouses to properly place and arrange items or goods, saving time and space. Forklift Truck Market come in a variety of variants, including counterbalanced sit-down riders, swing-reach turrets, and order pickers, and come with a variety of power sources, including electric, natural gas, diesel, and gasoline.
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