Forklift Market dynamics are quietly changing.
That assumption breaks down fast when the data is laid out:
• USD 62.6B market in 2024, scaling to USD 120.1B by 2035 (6.1% CAGR)
• 70%+ electric_forklifts already sold in 2024—this is not early adoption
• Asia_Pacific controls 52.2% of global revenue (USD 32.7 and drives ~USD 3B annual incremental demand
• 35% of global demand now tied directly to e-commerce and automated warehousing
• Top five OEMs hold 60%+ market share, with consolidation accelerating
https://marketgenics.co/report....s/forklift-market-40
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