The global fork lift trucks market size was valued at 2,159.8 thousand units in 2023. The market is projected to grow from 2,328.9 thousand units in 2024 to 4,904.9 thousand units by 2032, exhibiting a CAGR of 9.8% during the forecast period, according to Fortune Business Insights. Owing to rising volume sales, warehouse aisles are getting narrower and generating strong demand for compact-sized fork lift trucks. Fork lifts with faster pick-up and unloading processes are playing a crucial role in warehouses in managing inventory regularly.
This article was first published in the August 15th 2024 issue of Warehouse & Logistics News, subscribe to the magazine by clicking here
Enforcing a site speed limit is an excellent way to improve site safety for both forklift drivers and workers, however slowing down forklift truck movements should not have a negative impact on productivity. In the quest to find a happy medium, Transmon offers integrated Adaptive Speed Control systems that provide warehouse operators with the all-important sweet spot of optimising both safety and productivity for forklifts and material handling equipment. The company’s UK-manufactured Adaptive Speed Controller is fully integrated system suitable for diesel, LPG and battery powered forklift trucks.
Combilift’s wide range of custom-made forklifts offer the perfect combination of capabilities and technology necessary to meet the demands of the fast-paced environment found in warehouses. Serving as an all-in-one warehousing solution, the Aisle Master improves offloading, handling, and storage of your products in aisles as narrow as 1.6m and with lift heights of up to 15m. Aisle Master VNA articulated forklift trucks are robust, built-to-last and designed to work both indoors and outdoors.
Doosan Bobcat announced second-quarter 2024 earnings on July 25th, reporting revenues of USD 1.629 billion and profit of USD 174 million, and an operating margin of 10.7%. Due to the high base effect from last year’s record-high performance and a slowing demand, revenues and operating profit decreased by 19.9% and 51.2%, respectively, compared to the second-quarter 2023. Net profit also fell by 51.4% to USD 114 million. Excluding the impact of one-off gains from the previous year, operating profit and net profit would reflect decreases of 43% and 38%, respectively.
Hyster has launched new integrated lithium-ion battery powered forklifts that deliver robust performance, comparable to an internal combustion engine (ICE) lift truck. The Hyster® J2.0-3.5XTLG series, capable of lifting up to 3.5 tonnes, can be used in both indoor and outdoor operations, providing a durable, flexible option with zero exhaust emissions. The design features up to 34% better through mast visibility, a spacious weatherproof cabin, large superelastic tyres and high ground clearance, so operators can maintain productivity over uneven surfaces and through challenging weather conditions.
It’s excellent to see the range of fork lift trucks being launched, helping warehouses meet rising demand.
George Simpson
Features Editor
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