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U.S. Forklift Market Size,Share, Growth, Trends and Foresight to 2025

The U.S. Forklift market size to reach USD 11.94 billion by 2025, owing to the rise in the construction, building and infrastructural activities in the country.

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U.S. Forklift Market Size,Share, Growth, Trends and Foresight to 2025

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  1. Your Catalyst to a Lucrative Business U.S. Forklift Market Share, Size, Segmentation, Research and Forecasts to 2025 | HexaResearch “The U.S. Forklift market size to reach USD 11.94 billion by2025.” 09 January2019 TheU.S.ForkliftmarketsizetoreachUSD11.94billionby2025,owingtotheriseintheconstruction, techniques and high end use of forklifts in the construction industry, which is expected to fuel the forklift market growth over the forecastperiod. The electric type forklift trucks segments held the largest share in the market and is expected to grow at a significant rate over the forecast period. The electric type forklift trucks are gaining popularity owing to the employment of several cutting-edge technologies and the ease of use in various end-use applications throughout industries such as construction industry, manufacturing industry, freight handling end-uses which is anticipated to fuel the growth of the forklift industry over the forecast period. The electric forklift trucks are used for most of the warehouse and indoor applications. They also come in compact sizes and can move standard loads while sustaining the capacity to completely function in small spaces around 11 feet wide. More and more number of industries and companies are nowadays replacing, purchasing and upgradingto electric forklifts as they are more energy-efficient and environmentally friendly. Electric forklifts FollowUs:

  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 orasparebatterywhichisexpectedtodrivethedemandfor electricforkliftsovertheforecastperiod. 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 ofloads which is further anticipated to complement the industry growth in the coming years. The ever-increasing demand for forklift trucks in logistics storageand warehousing is estimated to boost the growth of the market over the forecast period. Thedemand for forklifttrucksisgrowingonaccountoftherisingtrendofelectricforkliftbeingusedbythewarehouses and material handling divisions as these electric forklift are energy efficient and environment friendlyas compared to internal combustion engine (ICE) forklift which is anticipated to fuel theproduct penetration of forklifts over the forecast period in the country over the forecastperiod. TheU.S.forkliftmarketisahighlyfragmentedinnaturewithalargenumberofexistingandemerging new players. Major players in the forklift industry comprise of companies such as Hyster -YaleMaterial 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 forecastperiod. Browse Related Category Market Reports @https://www.hexaresearch.com/research-category/automotive-and- transportation-industry FollowUs:

  3. Your Catalyst to a Lucrative Business AboutUs: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growthinitiatives. ContactUs: Ryan Shaw HexaResearch Felton Office Plaza 6265 Highway9 Felton, California 95018 UnitedStates Phone:+1-800-489-3075 Email:sales@hexaresearch.com Website -https://www.hexaresearch.com FollowUs:

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