The European forklift market has suffered from the Ukraine-Russia conflict, the Americas has felt the effects of rising inflation, and Asia Pacific has struggled to recover from repeated COVID-19 lockdowns.
Nevertheless, the long-term outlook for the global forklift market remains positive, maintaining an annual shipment growth rate of around 4-5% out to 2032.
Continue reading in this insight by Maya Xiao, Senior Analyst at Interact Analysis.