Latin America Forklift Truck Market - Analysis By Competitive Outlook, By Demand & Revenue with Fore
According to Report The Latin America Forklift Truck Market has been projected to grow in revenue terms, at a CAGR of 1.61% during the forecast years between 2019 and 2027. Brazil, Mexico, and Rest of Latin America together constitute the forklift truck market in the Latin America region.
The increase in trade at seaports in the region is fueling the growth of the forklift truck market in Latin America. At seaports, forklift trucks are used for loading & unloading purposes and material handling processes. The rising cargo traffic at the ports, thereby, raises the demand for forklift trucks.
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Argentina, which is a part of Rest of Latin America, has a significantly large number of internet users, which has fueled the growth of the e-commerce sector in the country. Moreover, several e-commerce giants are looking to expand their business in the country. For instance, Paypal announced it would be investing $750 million in the Argentian e-commerce company, MercadoLibre to further expand its platform and improve its logistical infrastructure.
Also, MercadoLibre has planned to establish a new distribution facility in Argentina to increase its logistical capacity, which would lead to an increased demand for forklift trucks. The growth of the e-commerce sector in Argentina is thereby boosting the growth of the forklift market in Rest of Latin America region.
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Last Update : 19 December 2019
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|Item Owner : Vidhya Nigam|
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