New York, Global Forklift Truck Market report from Global Insight Services is the single authoritative source of intelligence on Forklift Truck Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A forklift truck is a powered industrial truck used to lift and move materials. Forklifts have become an essential piece of equipment in many factories, warehouses, and other industrial and commercial settings.
Forklifts are available in a variety of sizes and configurations to suit different needs. The most common type is the counterbalanced forklift, which has a set of forks mounted on a carriage that is balanced with a weight at the back of the truck. Other types of forklifts include the reach truck, which has a long mast that allows it to reach high shelves, and the order picker, which is a smaller truck designed for picking orders in narrow aisles.
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Key Trends
Forklift truck technology is constantly evolving in order to meet the needs of businesses. The following are some of the key trends in forklift truck technology:
1. Electric forklifts are becoming increasingly popular due to their environmental friendliness and lower operating costs.
2. Fuel cell technology is also being developed for forklifts, which offer even greater environmental benefits.
3. Hybrid forklifts are becoming available, which combine the best features of electric and internal combustion engine forklifts.
4. Telematics systems are being used more frequently to track and manage forklift fleets.
Key Drivers
The key drivers of the forklift truck market are the increasing demand for efficiency.
speedy transportation of goods, the need for faster turnaround times, and the increasing focus on safety and ergonomics.
The forklift truck market is driven by the increasing demand for efficient and speedy transportation of goods.
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Market Segmentation
The forklift truck market is segmented on the basis of power source, class, end user, and region. By power source, the market is bifurcated into IC engine powered and electric powered. By class, it is categorized into class 1, class 2, class 3, class 4, class 5, and others. By end user, it is divided into retail & wholesale, logistics, automotive, food industry, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the world
Key Players
Key players profiled in the forklift truck market report include Crown Equipment Corporation, EP Equipment, Hangcha, Hyster-Yale Material Handling, Inc., Jungheinrich AG, Kion Group AG, Komatsu Ltd., Lonking Machinery Co., Ltd., Mitsubishi Logisnext Co., Ltd., and Toyota Industries Corporation.
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