Press release
Global Lift Trucks Market Report Reveals Noticeable Growth in Between 2018 to 2027 with Leading Players - Hyster-Yale Material handling Inc., Toyota Industries Corporation, Jungheinrich group, KION Group AG, Mitsubishi Nichiyu Forklift Corporation
Request TOC of this Report: https://www.factmr.com/connectus/sample?flag=T&rep_id=700
Future demand for lift trucks is likely to remain under the influence of changing international trade dynamics, expansion of warehousing industry, transformations in logistics and supply chain management, as well as improved equipment efficiency. Further, owing to industrial expansion and emergence of new SMEs, warehousing industry has flourished in past decades. Loading- unloading, transportation, and distribution are common activities that leverage different types of lift trucks routinely. In addition, manufacturers are introducing smart lift trucks with increased efficiency and productivity.
More than 6 million Lift Trucks Likely to Sold over Next Five Years
As one of the important industrial vehicles, lift trucks are widely used material handling equipment. Use case based products, variety of attachments and customization according to application, make the lift trucks highly preferred material handling equipment. The global lift truck market on the backdrop of stronger manufacturing sector performance is projected to register a year on year growth of over 5% till 2026, surpassing US$ 75 Bn in size.
According to the Occupational Safety and Health Association (OSHA), powered industrial lift trucks are classified into seven classes that include lift trucks with power supply from electric motors or internal combustion engines. Further, each class includes different types of lift trucks such as counterbalance trucks, reach trucks, order pickers, narrow aisle trucks, pallet trucks, loader trucks are some of the most preferred ones.
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.
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.
Get complete details regarding Lift Trucks Market: https://www.factmr.com/report/700/lift-trucks-market
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.
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
Technology
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)
Japan
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.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Get in touch with our industry experts for this report: https://www.factmr.com/connectus/sample?flag=AE&rep_id=700
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Follow Us on Linkedin: https://www.linkedin.com/company/factmr/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Lift Trucks Market Report Reveals Noticeable Growth in Between 2018 to 2027 with Leading Players - Hyster-Yale Material handling Inc., Toyota Industries Corporation, Jungheinrich group, KION Group AG, Mitsubishi Nichiyu Forklift Corporation here
News-ID: 1238108 • Views: …
More Releases from Fact.MR
Lemon Oil Market Surges Past US$ 1.56 Billion Mark by 2033, Fueled by 4.8% CAGR
The global lemon oil market currently holds a valuation of US$ 979.4 million and is forecasted to grow at a CAGR of 4.8% over the next decade. By the end of 2033, sales of lemon oil are expected to soar to a market value of US$ 1.56 billion.
Derived from fresh lemon peel or by cold-pressing lemon rind, lemon oil boasts not only a pleasant aroma but also various health benefits.…
Coffee Pods Market is Expected to Grow at 6.3% CAGR By 2027: Fact.MR Report
In the last couple of years, there has been a significant surge in coffee consumption, paralleled by a notable increase in the demand for gourmet coffee. This upsurge can be attributed to the wide array of options offered by various brands, as well as the accessibility of high-quality beans. These factors have collectively propelled the growth of the coffee market.
The Coffee Pods Industry sales study offers a comprehensive analysis on…
Oral Motor Market Forecasted to Achieve US$ 252.9 Billion by 2032, with 4.50% CA …
The global oral motor market, valued at US$ 242.0 million in 2022, is anticipated to grow to US$ 326.6 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2032. The market for oral motor tools is expected to present an incremental opportunity of US$ 73.7 million.
Oral motor tools and toys play a crucial role in facilitating the proper development of…
High Speed Ovens Market Is Set To Hit US$ 10.70 Billion By 2033: Fact.MR Report
In 2023, the global high-speed ovens market reached an estimated value of US$ 5.59 billion. Projections suggest a steady growth trajectory, with the overall market expected to swell to US$ 10.70 billion by 2033. This expansion reflects a healthy compound annual growth rate (CAGR) of 6.7% from 2023 to 2033.
The High Speed Ovens Industry sales study offers a comprehensive analysis on diverse features including production capacities, High Speed Ovens demand,…
More Releases for Lift
Hydraulic Scissor Lift - Manufacturer and Supplier of Stationary Scissor Lift & …
Hydraulic Scissor Lift
The Company is one of the front Runner in Manufacturing Hydraulic Scissor Lift in India With an ISO 9001-2015 Certification. The core focus of the company lies in superior quality and excellent customer services. With Best Design Easiest To Setup In Any Industry.
Technovision is one of the Leading Manufacturer, Supplier & Exporters of a wide range of products which include Hydraulic Scissor Lift such as Electro Hydraulic Scissor Lift, High Raised Hydraulic Scissor Lift,…
Automotive Multifunctional Lift Systems Market Key players Dannmar Equipment, Ko …
Introduction
Automotive vehicles, in recent years, have become a necessary household entity rather than being a luxury as previously in the past. Rising living standards, rural and urban development, growth in disposable income has lead demand for automobiles to grow significantly over the past years. With high growth in automobile sales, the automotive maintenance, repairing and servicing sector is also expected to expand at a high growth rate over the forecast…
Stair Lift Market 2024 | Prism U.K. Medical Limited HIRO LIFT Symax Lift (China) …
Stair Lift Market Overview:
A stairlift is used for transporting people over stairway who are unable or have problem with climbing the stairs. Such lifts are normally used by elderly people or patients. The stairlifts are installed on rails which are either straight or curved. A stairlift is typically an assembly of rail, seat and motor (A.C.or D.C). In terms of application, straight stair lift is used for single floor or…
Automotive Lift Market 2018 Global Analysis By key Players – Bendpak/Ranger, R …
Automotive Lift Market 2018
Wiseguyreports.Com adds “Automotive Lift Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database.
Report Details:
This report provides in depth study of “Automotive Lift Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automotive Lift Market report also provides an in-depth survey of key players in the market which is based on the various objectives…
Global Automotive Lift Market Forecast 2018-2025 Rotary Lift, Western Lift, Nuss …
A market study "Global Automotive Lift Market" examines the performance of the Automotive Lift market 2018. It encloses an in-depth Research of the Automotive Lift market state and the competitive landscape globally. This report analyzes the potential of Automotive Lift market in the present and the future prospects from various angles in detail.
The Global Automotive Lift Market 2018 report includes Automotive Lift market Revenue, market Share, Automotive Lift industry volume,…
Hydraulic Goods Lift - Leading Manufacturer of Goods Lift, Material Lift, Indust …
Hydraulic Goods Lift
we have available 2 type of Hydraulic Goods Lift Like Single Mast Type Electro Hydraulic Goods Lift & Double Mast Type Electro-Hydraulic Goods Lift.
Single Mast Type Electro Hydraulic Goods Lift
Application:
Widely used to transfer material from one floor to another. It is to be installed with wall support at the one side and rest 3 sides can be used for loading & unloading purpose.
Range:
UDL Capacity available up to 1500kgs. Platform…
