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Forklift Market Booms with Electric Trucks
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The Europe forklift truck market is set to grow at a CAGR of 6.41% from 2023 to 2032 with a revenue share of $34755.76 million. Meanwhile, the global forklift trucks market, valued at USD 55 billion in 2022, is expected to reach USD 108.12 billion by 2032, driven by the rising adoption of electric forklift trucks. Major players like Jungheinrich and KION AG are key players in this expanding industry.
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How could the growth of the forklift market reflect broader trends in the logistics and manufacturing industries?
How might the shift towards electric forklifts impact traditional forklift manufacturers in the industry?
What challenges could arise with the increasing demand for forklift trucks in the retail & e-commerce sector?
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