Views: 0 Author: Kieran Publish Time: 2024-12-02 Origin: Site
Advances in automation are being integrated into electric pallet trucks to develop automated forklifts capable of navigating through warehouses. Load and unload cargo and perform tasks where manual handling is required. These innovations aim to improve the efficiency and safety of warehouse handling.
Telematics and IoT integration: Developments in telematics and IoT technologies enhance forklift operation by enabling real-time data collection, remote monitoring and predictive maintenance. These improvements help reduce the time that follows and optimize queue management.
From 2023 to 2028, the global pallet truck forklift market is expected to achieve a compound annual growth of 6.7%. Driven by growing demand for efficient handling solutions, advances in automation, and growth in e-commerce logistics and industry.
In early 2024, promote the use of cleaner energy and reduce environmental impact. These regulations encourage manufacturers to develop more sustainable forklift solutions. The U.S. Occupational Safety and Health Administration (OSHA) released new safety guidelines in 2023 to improve the safe operation of forklifts, focusing on operator training, equipment maintenance, and workplace safety protocols.
The retail and e-commerce sectors, particularly in Asia Pacific, North America and Europe, and Southeast Asia, were the main contributors to this growth. Due to the environmental advantages of electric pallet trucks, their utilization rate has also been continuously improved. Overall, the forklift market will continue to expand, driven by technological advances and the rise of e-commerce.
Production will reach 6,020 units in 2025 and 66,170 units in 2026. The following years continued to reflect this growth trend, with 69,470 vehicles produced in 2027, 72,950 in 2028 and 76,600 in 2029. By 2030, production is expected to reach 80,430 vehicles.
The continued growth in pallet truck manufacturing highlights China's expanding industrial capacity and growing demand for warehousing equipment. Jiangsu Shangqi Heavy Industry Technology Co., Ltd., continuous basic innovation to keep up with international technical standards and policies, production of high-quality forklift, welcome to buy.
