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Research Outline
Prepared for francis w. | Delivered March 27, 2020
Forklift Market
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Goals
The goal is to determine the US forklift market size, the common industries that use forklifts, the top forklift manufacturers, and the different kinds of forklifts and their uses.
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Early Findings
The US forklift market size is expected to reach
$11.94 billion
by 2025.
Industries that are experiencing
increasing demand
in forklift use include retail, transportation, manufacturing, and construction.
The
top two
forklift manufacturers in the US, by 2018 revenue, are Crown Equipment and Hyster-Yale Materials.
Most of the top forklift manufacturers are outside of the US.
Some examples
include Toyota, KION, Mitsubishi, and Longking Forklift.
There are
ten most common types
of forklifts: warehouse, side loader, counterbalance,
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, industrial, rough terrain, pallet jack,
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, order picker, and reach fork truck.
Warehouse forklifts
are the most commonly used type as they can be used for many uses including lifting pallets and unloading retail trucks.
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move sideways, allowing them to work in tight warehouse spaces without having to turn around to move up and down an aisle.
Pallet Jacks
are commonly used in retail settings due to their small size and ease of use, though they cannot lift heavier loads.
Order Pickers
are used in warehouses where people need to pick up individual items from a shelf instead of a full pallet. They offer a space for a person to stand and be moved up and down to reach shelves.
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