Forklift Work Platforms Market Assessment and Revenue Gains of Key Players Forecasted during 2018-2027

As per the current market trends and the promising nature of the forklift work platforms market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Fact.MR would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during the period “2018 to 2027”, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.

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Rising demand for material handling equipment, awareness regarding occupational safety regulations, and need of operational efficiency are few of the prime influencing factors included in the report analysis. Based on this, the report provides the most credible go-to forecast for the industry executives interested in business expansion.

Material handling equipment and accessories including forklift work platforms are highly sought after in industries performing goods distribution activity such as warehouses, fabrication sheds, transport depots and dockside manufacturing. Modifications in the hydraulic system have increased the efficiency of forklifts to safely move work platform at different heights. Further, implementation of sensor technology has enhanced the productivity and safety measures to operate a forklift work platform.

Manufacturers Aiming Legal and Safer Product Delivery

Forklift work platform operations are tightly controlled by the Occupational Safety and Health Administration (OSHA) in the United States. This federal agency functions to establish safe and healthy working conditions at different workplaces. According to OSHA forklift accidents take lives every three days in the U.S. In addition, there are approximately 85 deaths and 34,900 injuries related to forklift usage every year. To effectively reflect on these statistics the federal agency has enacted stringent regulatory legislation and manufacturers are vying to align their products to meet these safety requirements. They are trying to provide a product with the minimum stress involved in lifting, pulling, pushing, and twisting while working on the work platforms. Along with the implementation of such features, manufacturers mainly focus on increasing the productivity. By implementing ergonomic features in the material handling equipments, manufacturers are providing safer and efficient options to gain trust of workers.

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Global Forklift Work Platforms Market: Product Innovation

By fulfilling the legal requirements, manufacturers are delivering high-performance elevated personnel platform that delivers essential requirements of the client.

1- Manitou North America, is a leading construction equipment provider headquartered in France. The company has recently launched straight-mast forklifts and telescopic work platform. This mobile elevating work platform is the first rotating work platform available for the electric model which can be operated to the heights of 49 foot allowing good working reach.

2- Forklifts and loading work platforms provided by Toyota’s System of Active Stability (SAS) are designed with improved vehicle stability technology that automatically stabilizes loads during high lifting. This prevents incidences of forklifts and lifted loads from tipping over.

3- Kalmar, a part of Cargotec, provides a range of material handling equipment and automated software solutions. The company has recently launched a new range of reach-stackers, container handlers, and forklifts in Latin America. This introduction is based on the company’s G-generation platform which is operated by electric and hydraulic systems. The Essential range of reach-stackers provide options for efficient drivelines, emission standard engines, and 45 to 57 tonnes of lifting capacity.

Rising Importance of Maintenance, Repair and Services to Boost Adoption

Warehouses and distribution centers need regular maintenance for long-lasting productivity and maintaining operations at full-capacities. Warehouses follow standard protocols and perform inventory counts during maintenance and repair activities. With the appropriate attachment, forklift work platforms can assist in reaching difficult locations at heights. Generally, warehousing constructions have higher ceilings to accommodate larger capacities of goods. Maintenance and repair at these heights is usually taxing for workers. Shelves in the warehouse, other electrical components and structural entities at heights need equal maintenance as that of ground level objects. Elevated work platforms attached to forklifts allow workers to reach such heights and efficiently perform maintenance and repair. As major warehouses follow maintenance schedules, elevated work platforms of forklifts are specifically utilized for maintenance, repair and services apart from routine loading and unloading tasks.

The report includes in-detail analysis of all the highlighted trends that hold major influence over global forklift work platform market. This report by Fact.MR is the most credible source for industry professionals interested in business expansion.

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