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The global drum handling truck market is projected to grow at 18.9% CAGR by 2025, fueled by manufacturing and warehousing needs. Trends shaping the sector:
Lightweight & Safety: Aluminum alloy models dominate, with 4-wheel variants (60%+ market share in China) ensuring stability.
Smart Adaptation: Pressure sensors and RFID tech monitor barrel conditions in real time, minimizing leakage risks (aligned with IoT logistics trends).
Focus on industries like chemicals and food processing with tailored solutions, while strengthening service networks to compete under Europe’s supply chain localization policies.