Global Reach Truck Market Overview:
Reach trucks are right-angle stacking trucks and are a type of forklifts used for material handling operations, such as warehouses. They are designed that have two outer legs that help distribute the load and a single set of wheels in the back. The wheels are placed under the operator that helps to create a tight turn radius and allow operators to navigate smaller spaces, and able to reach higher racking. The increasing use of electric reach trucks in e-commerce warehouses leads to the growth in reach trucks.
- The Increasing Maintenance in E-Commerce Warehouses Leads to the Growth for Reach Trucks
- The Increasing Use Of Reach Trucks in Mining and Construction Industries
- The Use of Electric Reach Trucks Are Increasing
- Government Regulations on Fuels and Emission Standard Leads to Restrict In Diesel Reach Trucks
- Innovations and Technology Advancement Like Ontrac Anti-Slip Traction System in Reach Trucks Keeps the Truck Safe from Slipping On Wet, Dusty or Sealed Floors
- Low Costs Manufacturing and Maintenance Costs of Reach Trucks
- Manufacturing Costs of Battery Based Reach Trucks Are High
Some of the key players profiled in the report are Toyota Industries Corporation (Japan), Hyundai Heavy Industries (South Korea), Crown Equipment Corporation (United States), Komatsu Ltd. (Japan), UniCarriers Corporation (Japan), Hyster-Yale Materials Handling, Inc., (United States), Kion Group AG (Germany), Clark Material Handling Company (United States), Mitsubishi Heavy Industries (Japan), Jungheinrich AG (Germany), Hyster Company (United States), Anhui Heli (China), Combilift Company (Ireland), Lonking Construction machinery manufacturing company (China) and Joseph Cyril Bamford Excavators Ltd. (United Kingdom). Considering Market by Power Source, the sub-segment i.e. Electric will boost the Reach Truck market. Considering Market by Lift Height, the sub-segment i.e. Less than 3 Meter will boost the Reach Truck market. Considering Market by Material, the sub-segment i.e. Stainless steel will boost the Reach Truck market.
In October 2018, Toyota Forklifts, a manufacturer of material handling equipment launched three new order picker models such as the entry-level model is a 24-Volt that lifts up to 240 inches, the mid-level model is also a 24-volt and lifts up to 366 inches with faster lift speeds than competitive 24-Volt models and the premium-level model is a 36-volt and lifts up to 390 inches.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Reach Truck market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Reach Truck market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Reach Trucks Manufacturers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of Reach Trucks, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.