Stalwart Research Insights

  Industry Overview The global forklift market was valued at USD 85,309.8 million in 2024 and is projected to climb to USD 91,025.6 million by 2025 , reflecting a 6.7% annual growth rate . This expansion is largely fueled by the rapid rise of e-commerce , increasing automation in warehousing , and the ongoing transition from internal combustion engine (ICE) forklifts to electric and hybrid models . Moreover, greater investment in logistics infrastructure and the reshoring of manufacturing operations are accelerating fleet renewal across key industries. Meanwhile, declining lithium-ion battery costs and the integration of telematics for real-time fleet management are enhancing efficiency, lowering operational expenses, and boosting adoption across manufacturing, retail, and distribution sectors . Industry Insights: Scale, Segments, and Emerging Trends Market Expansion: The global forklift industry is expected to achieve a value of USD 175,742.2 million by 2035 , advancing at a...

  Industry Snapshots: • The market size of the worldwide Drug Delivery Devices Industry will surpass US$ 464.83 billion in 2025, and by 2035, it is projected to reach US$ 954.47 billion, growing at a CAGR of 7.4% during the forecast period. • The drug-delivery devices market comprises tools that administer medicines such as injectors, pumps, inhalers, transdermal patches, and implantable systems across hospitals, clinics, and home care setups. WHO reported that noncommunicable diseases are responsible for approx. 41 million deaths each year (i.e. 74% of overall global deaths) between the ages of 30 to 69 years. A growing trend of outpatient and self-care is boosting the acceptance of easy-to-use and connected devices that support remote monitoring. Regulatory authorities such as FDA, are expanding the approvals of the drug device combination which encourages innovation and need in the market. The success of Manufacturers relies on their ability to provide safe, user friendly an...