Market Size of Forklift Seats Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.70 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Forklift Seats Market Analysis
The Forklift Seats Market was valued at USD 282 million in 2021 and is expected to reach USD 417 million by 2027, growing at a CAGR of 6.7% during the forecast period 2022-2027.
The COVID-19 pandemic hindered the growth of the forklift seat market, as there were continuous lockdowns and travel restrictions across the world to contain the virus. Major companies suspended their operations in different locations due to the lockdown. This directly impacted the requirement for material handling equipment.
However, the post-pandemic prospects look hopeful for the industry, owing to the projected increase in urbanization, global trade, and rapid development in warehouse management tools, which can ease material handling and warehouse management.
The rising demand for comfort and safety features in material handling vehicles to reduce driver fatigue is likely to enhance the demand for forklift seats. A rise in lower back pain disorders among forklift drivers due to poor seating is likely to increase the demand for comfortable forklift seats. Major forklift seat manufacturers are investing in innovative seating solution, which includes built-in shock absorbers, Hip guards to keep operators in the seat and improve safety.
