A gist of Lift Trucks market report
The market intelligence report for the Lift Trucksmarket serves a platter of important features containing the product taxonomy, critical explanations, and other industry-related parameters.
The Lift Trucksmarket report also covers the key factors regarding the recent happenings such as new product launches, synergisms, and mergers & acquisitions. Furthermore, the study offers a dexterous background for acquiring heaps of information that likely consumers can use to ensure better gains at low expenditures. The presentation of insights on Lift Trucksmarket segmentation by type, application, and geography provides a critical angle of, what manufacturers are seeking for the stipulated timeframe, 2018 – 2027.
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E-Commerce Operators Outshine Traditional End Markets for New Sales
Lift trucks find application in every industry that manages transports, stores, and distributes manufactured products. Few of the prominent influencing factors impacting growth of the global lift truck market are discussed below.
- Changing International Trade
With the aim to spread innovation, boost productivity and foster economic growth, international trade has witnessed implementation of several novel business strategies. After the downfall in 2016 and 2017, participation from the developing economies and changing trade policies will influence growth of international trade during the forecast. Being an important entity of the import-export activities, lift trucks market is likely to witness challenges of changing international trade.
- Growing Warehousing Industry
With the emerging SMEs and dramatic expansion of e-commerce, warehouse constructions have become a common adjunct in every small or large manufacturing or distribution plants. As loading-unloading activities are common in warehouses, lift trucks are highly sought after vehicles in these facilities.
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- Product Innovation
Manufacturers consistently strive to introduce smarter, safer, ergonomic, fuel efficient, and highly productive lift trucks to win over increasing competition in the global market.
- ELOKON, a European lift truck leader recently featured its automatic mobile personnel protection system for very narrow aisle (VNA) lift trucks at Modex 2018 in the U.S.
- Plug Power Inc. has recently introduced the improved and more efficient fuel cells called the GenDrive 2440-36R for its class 2 electric forklift trucks.
- Toyota Forklifts, based in Columbus Ind. has recently introduced a new line of heavy-duty lift trucks with adjustable wheelbase, cushion tire forklift and weight capacity of up to 80,000 pounds.
- NexSys Technologies has launched a new NexSys TPPL batteries that are designed for class I, II, and III applications including high-capacity trucks. Thin Plate Pure Technology (TPPL) allows fast charging within an hour and lasts up to 16 hours.
Industry automation is another important trend shaping the production of automated or robotic lift trucks. Vendors such as Hyster Robotics, Fetch Robotics, OTTO Motors, Seegrid, and Vecna Robotics are providing autonomous mobile self-driving lift trucks.
- Key Stakeholders
Key players in the global lift trucks market include Hyster-Yale Material handling Inc., Toyota Industries Corporation, Jungheinrich group, KION Group AG, and Mitsubishi Nichiyu Forklift Corporation.
- A global logistic leader, Woodland Group has recently added 12 new lift trucks of Jungheinrich to the fleet at its Coventry distribution center.
- H&K Equipment, a Pittsburgh-based material handling equipment company has announced complete authorization of Taylor Machine Works dealership for Western Pennsylvania, the Northern Panhandle of West Virginia, Eastern Ohio, and Garrett and Allegany counties in Maryland. Taylor Machine Works manufactures heavy-duty trucks, lift trucks and container handlers.
- Toyota Material Handling UK has recently announced sponsorship of the National Forklift Safety Convention 2018, organized by the Forklift Truck Association.
Details associated with all the highlighted trends are included in the report which provides financial community with a clear outlook of the global lift truck market.
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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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