Electric Lift Truck Market Top Key Players - Jungheinrich Lift Truck Corp., Kion Group AG, Toyota Industries Corp, Hyster-Yale Group, Anhui Forklift Truck Group Co. Ltd, Clark Material Handling International Inc., Combilift Ltd., Crown Equipment Corp.

The electric forklifts are actively adopted across the globe resulting in the quantitative increase in demand which in turn pushed the year-on-year revenue growth. Stringent emission norms for diesel vehicles across the globe in order to regulate the CO2 emission have led the manufacturers to offer more environment friendly forklift truck models.

High adoption of electric forklifts owing to its advantage over IC powered forklifts and continuous expenditure over advancement of battery technology is anticipated to accelerate the growth of electric forklifts in coming years.

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ELECTRIC LIFT TRUCK INDUSTRY TREND

E-Commerce Driving Force

The e-commerce market continues to grow at a healthy rate. Increase in demand for consumer products has led to increase in requirement of warehousing space, for storage of products, which are then distributed to retail stores in bulk, via pallet loads and cases.

Increase In Infrastructure Spending

Governments of various countries have taken initiatives related to infrastructure developments. Increased investments in the real estate sector boost the demand for telehandlers. At the same time, improving economies in the developing countries, such as Australia, China, and Indonesia, have resulted in large-scale foreign investments,

Safety Being The Prime Challenge

The rate of accidents related to the forklifts trucks has increased over the past few years, rising from around 1,000 per year to 1,300 per year. More than half of the injured people are drivers or pedestrians who stepped down from the vehicle.

The Rise In Hydrogen Fuel Cells

There is an increase in the adoption of electric powered forklifts over the past few years and manufacturers are making remarkable efforts to exceed the performance of internal combustion (IC) engine. In addition, environment concerns and availability of natural resources such as natural gas, oil, coal, and others boost the need to find long term and sustainable renewable energy solutions.

COMPANIES PROFILED

Jungheinrich Lift Truck Corp.
Kion Group AG
Toyota Industries Corp
Hyster-Yale Group
Anhui Forklift Truck Group Co. Ltd
Clark Material Handling International Inc.
Combilift Ltd.
Crown Equipment Corp.
Doosan Industrial Vehicles Co. Ltd
Godrej & Boyce Mfg. Co. Ltd
Hangcha Forklift Co. Ltd
Komatsu Utility Co. Ltd
Hangcha Group
Mitsubishi Forklift Trucks

Read More Information: https://mobilityforesights.com/product/electric-lift-truck-market/

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This release was published on openPR.