Industrial Vehicles Market Set to Skyrocket, Projected to Reach $49.2 Billion by 2028
The global industrial vehicles market size will grow to USD 49.2 billion by 2028 (forecast year) from USD 39.7 billion in 2023 (estimated year), at a CAGR of 4.4% during 2023-2028 period. Factors such as growing e-commerce industry, paired with increasing focus on workplace safety are expected to augment revenues growth for the industrial vehicles market. Advent of smart factories in material handling industries, in conjunction with rising trend of hydrogen-powered forklifts are likely to create favorable opportunities for the...
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