Rough Terrain Lift Trucks Market Expansion Projected To Gain An Uptick During 2021-2031

Market Snapshot

Market research and competitive intelligence provider Fact.MR anticipates an increase in sales of rough terrain trucks in 2021 and beyond. According to Fact.MR’s report, growth is slated to appear elevated in 2021 and beyond. Staving off of COVID-19 induced recessionary pressures have restored projections across core industries such as mining and construction, two main end-users of rough terrain lift trucks.

This report examines the global sales of rough terrain lift trucks from 2016 to 2020. A market forecast is provided for the year 2021-2031.

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Notable Developments in the Rough Terrain Lift Trucks Industry

In May 2021, Leavitt Machinery acquired Provincial Lift Truck Inc. With this acquisition, Leavitt Machinery will have greater internal resources and infrastructure to enable future growth in Canada. Furthermore, the acquisition will help to strengthen the business’s market presence in the Canadian and North American regions.

Likewise, On July 13, 2020, Eastern Life Truck Co., Inc. purchased McCall Handling Co., one of the oldest Hyster forklift dealers in the country. With this acquisition, Eastern became the sole designated Hyster forklift dealer in various countries.

The acquisition will double the company’s market revenue, expand its presence in the sub-American continent, and increase its service abilities. The business will grow in Maryland, Delaware, Washington DC, Northern Virginia, Berkeley, and Morgan counties.

Furthermore, Eastern’s Baltimore operations will move to McCall’s former facility at 8801 Wise Avenue. Suite #200, Dundalk, MD 21222 and remodel 2211 Sulphur Spring Rd., Halethorpe, MD 21227 into a hub for its growing dock and door division. Both companies aim to improve their leasing and release featured products in the market by 2025.  

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Rough Terrain Lift Trucks: Segmentation

The global market is segmented on the basis of type, lift height, loading capacity and end user.

• Based on type, the global market is segmented as:
  • Masted Rough Terrain Lift Truck
  • Telescopic Rough Terrain Lift Truck
• Based on lift height, the global market is segmented as:
  • 5 – 6 meter
  • 6.1 – 7 meter
  •  than 7 meter
• Based on loading capacity, the global market is segmented as:
  • Less than 1500 Kg
  • 1500 – 3000 Kg
  • More than 3000 Kg
• https://www.einpresswire.com/article/557143957/demand-for-reinforced-hydraulic-hose-is-surged-owing-to-its-application-in-industrial-hydraulic-system-at-high-pressure
  • Industrial
  • Commercial
  • Residential

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Rough Terrain Lift Trucks: Prominent Players

Main players operating in the global market are as follows:

• CNH Industrial N.V.
• Manitou
• AB Volvo
• J C Bamford Excavators Ltd.
• AUSA
• Liftking Manufacturing Corp.
• Load Lifter
• Komatsu Ltd.
• Deere & Company

For More Insights- https://www.einpresswire.com/article/557143957/demand-for-reinforced-hydraulic-hose-is-surged-owing-to-its-application-in-industrial-hydraulic-system-at-high-pressure

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