Industrial trucks sales are likely to recover in 2021, following broader cues, according to a new study by FactMR. or industrial trucks market. Demand is likely to pick in APAC as many countries in the region have been relatively less impacted by the pandemic, and economic recovery has commenced.
The study finds that sales for electric power source trucks and counterbalanced lift trucks are expected to increase through 2021 and beyond.
“Despite Covid-19 and diminished sales of industrial trucks, the long-term view for the market remains positive,” says an Fact.MR analyst.
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Raymond Corporation, Komatsu Ltd., Kion Group AG, Jungheinrich AG, Hyster-Yale Material Handling Inc., Toyota Industry Corporation, Mitsubishi Caterpillar Forklift America Inc., Crown Equipment Corporation, Anhui HeLi Co. Ltd., and Clark Material Handling Co. Ltd. are some, but not limited to, of the key players profiled by Fact.MR.
In 2019, Doosan industrial vehicle announced new electric products- a stand up rider and walkie end rider. These are the first generation products that includes safety features like Guardian Stability System (GSS), LED lights and maintenance-friendly access to service points.
In 2021, Jungheinrich launched its latest automated guided vehicle, ERC 213a, for the BLG logistics to transport material supply and disposal of materials for a coating line in the Bremen logistics Centre.
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More Valuable Insights on Industrial Trucks Market
Fact.MR, in its new offering, presents an unbiased analysis of the global Industrial Trucks market. The study divulges essential insights on the Industrial Trucks market on the basis of product (hand truck, pallet jack, walkie stalker, pallet truck, platform truck, counterbalanced lift truck, reach truck, turret truck, order picker, side loader, tow tractor, personnel and burden carrier, automatic guided vehicle), power source (electric, conventional, manual), capacity (below 2.5 tons, and above 2.5 tons), end-use (logistics, retail, and manufacturing), and across six major regions.
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