Market Highlights The forklift truck market was estimated at USD 53.7 billion in 2021 and is likely to grow at a CAGR of 11.24% during 2022-2028 to reach USD 115.02 billion in 2028. What is a forklift truck? A forklift, also known as a forklift truck, is a vehicle with a power-operated forked platform attached to the front that is used to lift and move various...