Market Analysis Report U.S. Forklift Market | Page 2

Your Catalyst to a Lucrative Business
are a genuine substitute to lift trucks which are fueled by liquid and are more cost -effective and economical
to run, equally potent and powerful, safe, easy to maintain, cleaner and quieter.
The electric forklift trucks are cheaper and easy to maintain and operate as compared to IC forklifts. Electric
forklifts needs very low maintenance due to the presence of few moving parts, requires few fluids
replacement such as engine oil, filters, and coolant. Furthermore, they also have significantly less hours
lost due to maintenance interruption and failure or breakdown and just need an AC power source to charge
or a spare battery which is expected to drive the demand for electric forklifts over the forecast period.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-forklift-market
Forklifts trucks and industrial trucks mainly offer the competence of lifting, engaging, repositioning,
depositing, and carrying several types of loads which is further anticipated to complement the industry
growth in the coming years. The ever-increasing demand for forklift trucks in logistics storage and
warehousing is estimated to boost the growth of the market over the forecast period. The demand for
forklift trucks is growing on account of the rising trend of electric forklift being used by the warehouses
and material handling divisions as these electric forklift are energy efficient and environment friendly as
compared to internal combustion engine (ICE) forklift which is anticipated to fuel the product
penetration of forklifts over the forecast period in the country over the forecast period.
The U.S. forklift market is a highly fragmented in nature with a large number of existing and emerging
new players. Major players in the forklift industry comprise of companies such as Hyster-Yale Material
handling Inc., Crown Equipment Corporation, Cat Lift Trucks, Clark Material Handling, Toyota Material
Handling U.S.A. and several others. Competitors are taking strategic initiatives and gaining confidence
of their consumers to occupy a good market share and boost the competition in the market over the
forecast period.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-
transportation-industry
Follow Us: