Dublin, Ireland -- (SBWire) -- 06/27/2018 --fluence growth of international trade during the forecast. Being an important entity of the import-export activities, lift trucks market is likely to witness challenges of changing international trade.

Growing Warehousing Industry
With the emerging SMEs and dramatic expansion of e-commerce, warehouse constructions have become a common adjunct in every small or large manufacturing or distribution plants. As loading-unloading activities are common in warehouses, lift trucks are highly sought after vehicles in these facilities.

Product Innovation
Manufacturers consistently strive to introduce smarter, safer, ergonomic, fuel efficient, and highly productive lift trucks to win over increasing competition in the global market.

ELOKON, a European lift truck leader recently featured its automatic mobile personnel protection system for very narrow aisle (VNA) lift trucks at Modex 2018 in the U.S.
Plug Power Inc. has recently introduced the improved and more efficient fuel cells called the GenDrive 2440-36R for its class 2 electric forklift trucks.
Toyota Forklifts, based in Columbus Ind. has recently introduced a new line of heavy-duty lift trucks with adjustable wheelbase, cushion tire forklift and weight capacity of up to 80,000 pounds.
NexSys Technologies has launched a new NexSys TPPL batteries that are designed for class I, II, and III applications including high-capacity trucks. Thin Plate Pure Technology (TPPL) allows fast charging within an hour and lasts up to 16 hours.
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Industry automation is another important trend shaping the production of automated or robotic lift trucks. Vendors such as Hyster Robotics, Fetch Robotics, OTTO Motors, Seegrid, and Vecna Robotics are providing autonomous mobile self-driving lift trucks.

Key Stakeholders
Key players in the global lift trucks market include Hyster-Yale Material handling Inc., Toyota Industries Corporation, Jungheinrich group, KION Group AG, and Mitsubishi Nichiyu Forklift Corporation.

A global logistic leader, Woodland Group has recently added 12 new lift trucks of Jungheinrich to the fleet at its Coventry distribution center.
H&K Equipment, a Pittsburgh-based material handling equipment company has announced complete authorization of Taylor Machine Works dealership for Western Pennsylvania, the Northern Panhandle of West Virginia, Eastern Ohio, and Garrett and Allegany counties in Maryland. Taylor Machine Works manufactures heavy-duty trucks, lift trucks and container handlers.
Toyota Material Handling UK has recently announced sponsorship of the National Forklift Safety Convention 2018, organized by the Forklift Truck Association.
Details associated with all the highlighted trends are included in the report which provides financial community with a clear outlook of the global lift truck market.