/PRNewswire/ Allied Market Research published a report, titled, "Industrial vehicles Market by Drive Type (ICE, Battery-operated, and Gas-Powered), Level of.
Disrupted Steel Industry to Thwart Growth amid Pandemic
The severe impact on the steel industry has dramatically reduced the growth of the market. As per the U.S. Steel Industry, the U.S. steel production fell 12.7% year over year at the ending of March 2020. The steel imports have also fallen explicitly in January and February 2020. This factor will adversely impact manufacturing facilities, thus impacting the market. The declined automotive, precision instruments, and machinery has further affected the global market. Moreover, industries such as machinery, automotive, office machinery, communication equipment have faced unprecedented loss, which, in turn, can disturb the forklift trucks industry.
Forklift Truck Market Size by Product Type, By Application, By Competitive Landscape, Trends and Forecast by 2027 – KSU ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.