Press release
Electric Forklift Industry Revenues To Grow At Nearly CAGR of 15.6% forecast 2022-2032 - Toyota, Kion, Jungheinrich, Mitsubishi Logisnext
Electric Forklift Market
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An electric forklift is a material handling device that can be used for a variety of purposes, including lifting and transporting heavy loads. Electric forklifts are powered by batteries, which makes them environmentally friendly and quiet to operate. Electric forklifts are available in a variety of sizes and configurations to meet the needs of different applications.
Market Trends and Drivers
Rapid expansion in the logistics sector will fuel the demand for advanced material-handling equipment. The world has witnessed a significant rise in domestic and international trade lately. Since countries are relying heavily on industrial and manufacturing sectors for economic growth, the application scope of electric equipment could surge in the logistics sector.
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Large logistic companies are heavily investing in infrastructure development to improve the packing, storage, and delivery of goods. For instance, in March 2021, XPO Logistics, a global leader in freight transportation partnered with Balyo to integrate the latter's autonomous lift trucks.
The partnership aimed at determining the environmental impact of the equipment as a part of the pilot program initiated by XPO Logistics.
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Global Electric Forklift Market Segmentation
By Type
Counterbalanced
Ride-Type Warehouse
Walk-in Warehouse
By Application
Warehouses
Factories
Distribution Centers
Others
Major Players in the Global Electric Forklift Market
The key players in the market are Toyota, Kion, Jungheinrich, Mitsubishi Logisnext, Hyster-Yale, Crown Equipment, Anhui Heli, Hangcha, Clark Material Handling, and Komatsu. among others.
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