Meeting Increased Safety and Performance Demands for Today’s Forklifts

Until recently, demand for advanced material handling equipment had been growing steadily. However, the extended COVID pandemic has had an unprecedented and devastating impact on manufacturing and the ability of manufacturers to move products. This, in turn, resulted in a negative demand shock for forklift trucks across all regions. The adoption of advanced technologies on forklifts, however, is suggesting that sales will stabilize in the near-term to pre-pandemic levels and then grow over the foreseeable future. In the U.S. in particular, the passage of the trillion-dollar infrastructure bill means significant increases in projects that will require the use of more modern material handling equipment. Not only will these newer trucks move materials, but they will also be used to monitor and track the performance of operators, as well as mechanical and power systems.