Forklift Truck Market Competitive Landscape, Regional Opportunity Analysis and Deep Overview by Key Parameters 2021-2027
Forklifts are powered by electric battery or combustion engines. Some Forklifts allow the operators to sit while driving and operating the machine while others require the operator to stand. It is being extensively used throughout the industry for transporting materials and goods. Forklift trucks are used to transport materials and goods on pallets or packs, and are able to move them both horizontally and vertically. They are most suited to use on firm and level ground, and so are common in warehouses and on industrial sites, but they are generally designed to operate in poorer conditions as well and so can be used on construction sites. Forklifts are rated for loads at a specified maximum weight and a specified forward center of gravity. This information is located on a nameplate provided by the manufacturer, and loads must not exceed these specifications. In many jurisdictions, it is illegal to alter or remove the nameplate without the permission of the forklift manufacturer.๐๐ฐ๐ฐ๐ฒ๐๐ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ @ https://www.coherentmarketinsights.com/market-insight/forklift-truck-market-928
๐ง๐ต๐ฒ ๐ฐ๐ผ๐บ๐บ๐ผ๐ป ๐ณ๐ฒ๐ฎ๐๐๐ฟ๐ฒ๐ ๐ผ๐ณ ๐ณ๐ผ๐ฟ๐ธ๐น๐ถ๐ณ๐ ๐๐ฟ๐๐ฐ๐ธ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ:-
โข The load and lifting height required.
โข The use of attachments
โข Available power sources (electric batteries, liquefied petroleum gas (LPG), petrol or diesel).
โข The need to protect the operator.
โข Exposure to the weather.
โข The need for lighting. โข Noise restrictions.
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By lifting capacity, < 5 ton capacity segment is expected to hold major market share, and grow at a higher CAGR over the forecast period. The < 5 ton capacity forklift trucks mainly include battery-electric forklifts. The use of electrically powered forklift trucks is increasing rapidly due to their environmentally friendly nature. Moreover, electric forklift trucks are easy to operate, and have less operational & maintenance costs than IC engine powered forklift trucks. The 5 Ton โ 10 Ton lifting capacity forklift truck segment holds the second largest market share owing to increasing launches of forklift trucks with lifting capacity between 5 Ton and 10 Ton by companies such as Jungheinrich AG. For instance, in February 2019, Jungheinrich AG, a material handling company, unveiled EFG Series 6 heavy-duty electric forklift, the EKS 412s vertical order picker and the ERC 216zi pallet handler in Hamburg, Germany.
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The outbreak of the COVID-19 pandemic since December 2019, had a major effect on the growth of the global Forklift Truck market, owing to the unavailability of required manual labor and strict travel rules worldwide, which restricted the movement of raw materials and finished products. Moreover, the sudden closing down of businesses and social distancing laws also affected the work in the manufacturing sector, which in turn affected the global Forklift Truck market.
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๐ฌ๐ฒ๐ You can add Specific Companies up to 3 Companies.
Companies Covered as part of this study include: Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, and Hyster-Yale Materials Handling, Inc.
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