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Cutting Edge and Cost-effective Product Lines from Prime Players to Propel Forklift Trucks Market

Blog Description

Forklift trucks are motorized industrial trucks utilized for moving, lifting, and placing materials over short distances. These vehicles are equipped with a number of attachments such as grippers, platforms, and clamps. Forklift trucks play a major role in distribution centers and warehouses for removing and placing loads from storage racks, unloading and loading trailers at the dock, component delivery to an assembly line, and load positioning for carrying out handling processes.  These trucks are also utilized in the automotive, aerospace, food and beverages, consumer goods, construction, retail, and e-commerce industries.

Browse the full Report of Global Forklift Trucks Market

A number of players have added various cutting-edge features within their forklift trucks and this has positively affected the overall market for forklift trucks. Here are the new product introductions by three chief players in the global forklift market:

  • Kion Group AG: This group has a global presence as it is the world’s second-largest forklift trucks manufacturer and is amongst the top international suppliers in China. The forklift trucks manufactured by Kion present exceptional handling performance. These forklift trucks can be operated for extended periods without needing to be refueled or their battery changed. The total cost of ownership of these trucks also includes all other aspects of truck utilization such as repairs, maintenance, and energy consumption. Hence, these trucks are highly cost-effective in nature.
  • Jungheinrich AG: The Jungheinrich Group is amongst the world’s largest industrial truck, materials flow technology, and warehousing technology suppliers. The group offers a variety of forklift trucks; the top two amongst them are hand pallet trucks/stackers and electric pedestrian trucks. Hand pallet trucks/stackers are of different kinds, some amongst them have a 2,200 kg capacity, and others have a fully stainless steel model while others are scissor lift pallet trucks. The various models of Jungheinrich hand pallet trucks present a cost effective solution for a number of applications. Electric pedestrian trucks present a perfect solution for short, medium, and long transport distances, having a pedestrian mode, combined pedestrian operation, and rider operation respectively. These trucks have capacities ranging from 1600 kg to 3500 kg and are cost-effective solutions for a number of applications.
  • Mitsubishi Nichiyu Forklift Co.: The company has a global name in industries such as manufacturing, electronics, and aerospace. The company offers a product line of reliable and cost-effective forklift trucks. The top two varieties of forklift trucks are 3,000-4,000 LB. capacity three-wheel electric forklifts and 3,000-3,500 LB. capacity electric cushion tire forklifts. The 3,000-4,000 LB. capacity three-wheeled electric forklifts series features hydraulic motors and a heavy-duty AC drive and is ergonomic, powerful, and compact in nature. These trucks exhibit outstanding performance levels and the electric power steering provides enhanced energy efficiencies, durability, and operator comfort as compared to the conventional hydrostatic power steering. The 3,000-3,500 LB. capacity electric cushion tire forklifts series presents cutting-edge technology, increased uptime, and low cost of maintenance. These types of forklifts also offer easy-to-handle controls and a fully hydraulic power steering requiring exceptionally lower effort levels for riders.

Browse the full Press Release of Global Forklift Trucks Market

The other prime players operating in the market are Hyster-Yale Materials Handling, Inc., CLARK Material Handling Co., and Toyota Industries Corporation (TICO), among others.