Latest news with #WITS
IOL News
4 days ago
- IOL News
Olorato Mongale's murder: A reflection on the dangers facing South African women
Olorato Mongale was recently found dead after going on a date. Image: X Olorato Mongale, a 30-year-old journalism graduate and WITS student, was recently found dead after going on a date. Police have announced that they have arrested one suspect and are searching for two more. On that tragic day, Mongale was picked up by her alleged date, sparking discussions about the precautions that South African women are expected to take to navigate the country's femicide crisis. Women For Change founder Sabrina Walter told IOL that she is exhausted by the same cycle of grief, outrage, and hollow discussions that follow every femicide. "The conversation shifts to what she could have done differently, as if women are responsible for their own murders," she said. "I am tired of being asked what 'precautions' women should take when the real question should be: Why are men still getting away with murder?" Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Walter asserted that Mongale did not die due to a lack of precautions, but because men who were reportedly out on bail gained access to her and ultimately murdered her. National police spokesperson Brigadier Athlenda Mathe said two of the suspects are currently on the run, Bongani Mthimkhulu and Philangenkosi Makhanya were previously arrested and charged for kidnapping and robbery. Mathe said the syndicate preys on young women at malls. "We are investigating a syndicate. These men use the same modus operandi where they approach these young women at malls and ask to take them out on dates. When these women agree, that is when they plan to rob them," she said. Walter questioned why these men were free after the charges levelled against them. "Why does our justice system continue to fail women? Why is there no accountability for a system that allows violent men to roam free despite previous charges of kidnapping and robbery? "We are not dying because we aren't being careful enough. We are dying because our government is not doing enough. Where is President Ramaphosa while women are being murdered in their homes, on university campuses, in post offices, while going out on a date? Where is his leadership when we really need him?" Expressing the same sentiments, Mukhethwa Dzhugudzha said that the discourse about precautions should be shutdown. According to Dzhugudzha, Mongale was not reckless as she told her friends where she was going and even shared her location. On victim blaming and telling women to pick better, he said: "Abusers don't come with a label on their foreheads. They act like regular people... When you are telling women to be more careful, you are admitting that violence is normal and you're telling them to expect it from all men." He questioned why it is a woman's responsibility to avoid danger instead of violent men ceasing to perform cruel acts on a vulnerable population. "The truth is that women can do everything right, take every precaution and still end up like Olarato because it isn't women's judgment, it's men's entitlement" Presenting the fourth quarter crime figures for the 2024/25 financial year, police minister Senzo Mchunu said statistics revealed a decrease in murder rates but a rise in gender-based violence (GBV). Cape Argus
IOL News
4 days ago
- IOL News
Olorato Mongale's death: Why South African women can't simply 'be careful' to avoid femicide
Why women in South Africa can't just 'be careful' to avoid violence. Image: X Olorato Mongale, a 30-year-old journalism graduate and WITS student, was recently found dead after going on a date. Police have announced that they have arrested one suspect and are searching for two more. On that tragic day, Mongale was picked up by her alleged date, sparking discussions about the precautions that South African women are expected to take to navigate the country's femicide crisis. Women For Change founder Sabrina Walter told IOL that she is exhausted by the same cycle of grief, outrage, and hollow discussions that follow every femicide. "The conversation shifts to what she could have done differently, as if women are responsible for their own murders," she said. "I am tired of being asked what 'precautions' women should take when the real question should be: Why are men still getting away with murder?" Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Walter asserted that Mongale did not die due to a lack of precautions, but because men who were reportedly out on bail gained access to her and ultimately murdered her. National police spokesperson Brigadier Athlenda Mathe said two of the suspects are currently on the run, Bongani Mthimkhulu and Philangenkosi Makhanya were previously arrested and charged for kidnapping and robbery. Mathe said the syndicate preys on young women at malls. "We are investigating a syndicate. These men use the same modus operandi where they approach these young women at malls and ask to take them out on dates. When these women agree, that is when they plan to rob them," she said. Walter questioned why these men were free after the charges levelled against them. "Why does our justice system continue to fail women? Why is there no accountability for a system that allows violent men to roam free despite previous charges of kidnapping and robbery? "We are not dying because we aren't being careful enough. We are dying because our government is not doing enough. Where is President Ramaphosa while women are being murdered in their homes, on university campuses, in post offices, while going out on a date? Where is his leadership when we really need him?" Expressing the same sentiments, Mukhethwa Dzhugudzha said that the discourse about precautions should be shutdown. According to Dzhugudzha, Mongale was not reckless as she told her friends where she was going and even shared her location. On victim blaming and telling women to pick better, he said: "Abusers don't come with a label on their foreheads. They act like regular people... When you are telling women to be more careful, you are admitting that violence is normal and you're telling them to expect it from all men." He questioned why it is a woman's responsibility to avoid danger instead of violent men ceasing to perform cruel acts on a vulnerable population. "The truth is that women can do everything right, take every precaution and still end up like Olarato because it isn't women's judgment, it's men's entitlement" Presenting the fourth quarter crime figures for the 2024/25 financial year, police minister Senzo Mchunu said statistics revealed a decrease in murder rates but a rise in gender-based violence (GBV). IOL News Get your news on the go, click here to join the IOL News WhatsApp channel.
Time of India
19-05-2025
- Business
- Time of India
Decoding the US Tariff Exclusion List—What it means for Indian exporters
Live Events Source: Authors' calculations based on trade data from WITS (UN COMTRADE) and technological category classification from UNCTAD The Trump-era tariffs that took effect on April 2, 2025, were largely driven by the substantial trade deficit of the US, which reached $1.48 trillion in 2023. To regulate this massive merchandise trade imbalance, the White House issued Executive Order 14257 on April 2, 2025, introducing reciprocal tariffs on the US's trading partners. The Executive Order includes two Annexes, with Annex I outlining additional ad valorem tariffs imposed on trading partners based on the US trade deficit , including a 26% tariff on India. Alarmed by the move, India initiated bilateral talks with the US even before the April 9 announcement of the 90-day tariff suspension. This headline figure, however, only reveals a portion of the broader what has not received adequate attention is the contents of Annex II of the order that provides an exclusion list, which includes items that are completely exempted from the additional tariffs. The list identifies products, down to the 8-digit level of the Harmonized Tariff Schedule of the United States (HTSUS), that are exempt from the additional duties. An essential layer of nuance lies in the scope of these II specified 1,039 tariff lines under the exclusion list. Subsequently, the Presidential Memorandum announced on April 11, 2025, further expanded these carve-outs to include a wide range of high-tech goods, including semiconductors, smartphones, automatic data processing machines, transistors, and integrated circuits. Of the entire exclusion list, the top products included organic chemicals, accounting for 26.0%, followed by wood products at 14.1%, inorganic chemicals at 9.9%, copper at 7.6%, mineral fuels at 6.6%, electrical machinery at 5.6%, and pharmaceuticals at 5.3%.India's exports of items on the exclusion list accounted for 29.1% of its total exports to the US, offering a reprieve from the new tariffs and highlighting significant export opportunities. Among India's top exports to the US were gems and jewellery at 13.4%, electrical machinery at 13%, pharmaceuticals at 10%, and mineral fuels at 8.6%—together comprising a substantial share of the overall trade. A number of these items will benefit from exemption under the newly implemented tariffs. Smartphones, one of India's top exports to the US, have been spared, and nearly half of India's electrical item exports by value now escape the tariff dragnet. For the Indian pharma sector , 99.7% of its export value has been exempted. Also, Indian exports of mineral fuels are completely immune to the additional duties. The exclusion list, however, does not offer any relief to India's largest export item to the US—gem and jewellery, which will remain largely exposed to the brunt of the new interesting insight emerges when items in the exclusion list are classified by the level of skill and technology into four main groups: primary and agro-based manufactures, resource-based manufactures, low-technology manufactures, and medium- and high-technology manufactures. Almost 75% of the exclusion list belongs to medium- and high-tech manufactures, and resource-based manufactures (comprising largely of metals, mineral products, and organic chemicals), thus protecting India's exports worth almost $21.5 is not surprising, given that India's exports to the US have undergone structural changes in the past few years. In 2010, low-technology manufactures accounted for 36% of India's exports, forming the largest chunk. However, by 2023, the share of these items in India's exports fell to 26%. On the other hand, medium- and high-technology manufactures accounted for 31% of India's exports in 2010 but increased to 42% in 2023. Low-technology products have, in fact, drawn the highest tariffs at 29% and remain the most exposed under the new tariff the US exclusion list has helped buffer a significant portion of India's exports from the tariff shock, the volatility surrounding the new Trump-era trade policy raises concerns. With the administration's unpredictable stance, the reintroduction of currently exempt items into the tariff net remains a real Taneja is professor at the Indian Council for Research on International Economic Relations (ICRIER); Nirlipta Rath and Vasudha Upreti are Research Assistants at ICRIER. Views are personal.
India Gazette
15-05-2025
- Business
- India Gazette
Make India a global hub for eyewear manufacturing and exports: Piyush Goyal to Lenskart CEO
New Delhi [India], May 15 (ANI): Union Commerce and Industry Minister Piyush Goyal met Lenskart Co-founder and CEO Peyush Bansal to discuss the potential of making India a global hub for manufacturing and exporting eyewear. The meeting focused on tapping into India's growing capabilities in this sector and reducing the country's dependence on imported eyewear a social media post the minister stated that he was pleased to see the steps Lenskart is taking to improve access to vision care across India. He also spoke about how Indian companies like Lenskart can play a key role in boosting exports and creating a strong global presence for Indian-made eyewear. He said 'Met Mr. Peyush Bansal, Co-founder & CEO of Lenskart, and discussed how India can become a global manufacturing & export hub for eyewear. I was pleased to learn about the company's impactful social initiatives to expand access to vision care across the country'. According to data from the Observatory of Economic Complexity, India's share in global eyewear exports was only 0.39 per cent in 2023, placing the country at the 16th position out of 209. In value terms, India exported eyewear worth USD 48.8 million in 2023, ranking 594 out of 1,212 products. The United Kingdom was the top destination for Indian eyewear exports, receiving products worth USD 17.3 million. It was also the fastest-growing market for India, with exports increasing by USD 14.4 million from 2022 to 2023. However, on the import side, India brought in eyewear worth USD 198 million in 2023, with China being the largest supplier at USD 171 million. China is showing fastest growth by increasing its exports to India by USD 92.7 million between 2022 and 2023. Further data from the World Integrated Trade Solutions (WITS) by the World Bank shows that India imported sunglasses worth USD 177,353.44K in 2023, with a total quantity of 193,266,000 items. Most of these sunglasses came from China (USD 154,152.35K for 191,691,000 items), followed by Italy, the United States, Japan, and other Asian countries. The Economic Complexity Index (ECI) for India stood at 0.65 in 2023, placing it 39th out of 132 countries. This index shows the diversity and complexity of a country's export products. With high imports and low global export share, the meeting between Piyush Goyal and Peyush Bansal highlighted the need for India to boost local manufacturing and aim to become a major exporter of eyewear in the world. (ANI)
Yahoo
07-05-2025
- Automotive
- Yahoo
Forklift Trucks Market Hit Valuation of US$ 102.87 Billion by 2033
Global momentum inside the forklift trucks market has swung decisively toward battery-powered Class I counterbalance models. According to Industrial Truck Association (ITA) and World Industrial Truck Statistics (WITS), electric riders represented 67% of all new units shipped across North America and Europe during 2023, up from 59% in 2020. The trend is even sharper in China, where the China Construction Machinery Association (CCMA) records 81% domestic sales penetration for electrics, largely driven by provincial emissions caps. Demand concentrates in the 2.0–3.0 t lifting band, enabling firms to handle most palletised loads without widening aisles. Lower energy costs also matter: ITA pegs electric truck energy expense 35% beneath LPG equivalents at US$0.11 / kWh industrial rates. Several converging forces suggest this upward trajectory will extend well into 2028. E-commerce floor space grew 9% globally in 2023, and CBRE projects another 7% rise this year—directly translating into heightened demand for high-cycle lift trucks and automated reach vehicles. Policy tailwinds further amplify purchasing power: the U.S. Section 45W credit reduces the cost of zero-emission forklifts by up to US$7 500, while China's Green Equipment Subsidy offsets roughly 15% of list prices. Heavy-duty niches are likewise set to benefit as hydrogen infrastructure scales; Plug Power shipped 4 300 fuel-cell packs in 2023 and targets 6 000 for 2024. Taken together—robust backlogs, supportive incentives, falling battery costs, and accelerating automation—the forklift trucks market appears poised for its most resilient and profitable five-year run, offering stakeholders abundant avenues for growth and innovation. The forklift trucks market is charging into 2024 with momentum rarely seen in industrial-equipment cycles, buoyed by synchronized growth across North America, Europe, and Asia-Pacific. World Industrial Truck Statistics (WITS) shows global shipments climbing 8.4% year over year to 1.75 million units in 2023, while OEM order books already indicate a further 6% surge for H1 2024. Electrification remains the prime accelerant: battery-powered trucks claimed 70% of quarterly orders by Q4 2023, up from 61% two years earlier, and lithium-ion models alone expanded 41% as cell prices fell below US$90 / kWh. Productivity is rising in tandem; Interact Analysis finds modern Class I electrics now move 22% more pallets per labor hour than 2020 counterparts, reinforcing management confidence and unlocking new capital budgets. Chicago, May 07, 2025 (GLOBE NEWSWIRE) -- The global forklift trucks market was valued at US$ 53.07 billion in 2024 and is expected to reach US$ 102.87 billion by 2033, growing at a CAGR of 7.49% during the forecast period 2025–2033. Buoyed by electrification, automation, and supportive incentives, the global forklift trucks market is accelerating; falling lithium-ion prices, e-commerce expansion, and tightening emissions regulations together signal sustained volume growth, margin resilience, and innovation opportunities ahead. Story Continues Total-cost-of-ownership analysis cements the class's strong growth momentum in forklift trucks market. DHL Supply Chain data show lithium-ion Class I forklifts achieving 8 000 operating hours before first battery replacement, cutting downtime 12%. Regenerative braking can recuperate up to 15% of energy in high-cycle centers, stretching runtime past eight hours. OEMs such as Toyota Material Handling and KION now bundle telematics, giving managers live utilization, safety, and maintenance alerts. From an ESG angle, each electric truck displaces roughly 12 t CO₂e annually versus diesel, per U.S. EPA equivalencies. Coupling measurable carbon savings with superior uptime creates a feedback loop: buyers boost electric adoption to hit sustainability targets, and in turn lock in lower lifecycle costs. Consequently, Class I electric counterbalance trucks have become the unquestioned backbone of global fleets. Lithium-Ion And Hydrogen Powertrains Accelerate Breakthrough Innovation Adoption Worldwide Rapidly Advanced energy storage drives today's innovation narrative. Interact Analysis notes lithium-ion forklifts captured 34% of global electric shipments in 2023, more than double 2020's share. The cost gap versus lead-acid fell to 18% after Chinese cell prices slid below US$90 / kWh in Q4 2023. Fast 1 C opportunity charging eliminates battery-swap rooms in the forklift trucks market, freeing about 5% of warehouse floor space according to Prologis audits. Enhanced battery-management systems now integrate CAN-BUS analytics, prompting Jungheinrich to offer five-year 'battery-plus-truck' warranties that calm residual-value concerns. Hydrogen fuel cells are also advancing in the forklift trucks market. Plug Power shipped 4 300 GenDrive units in 2023—up 22% YoY—even though infrastructure remains capex-heavy. A Class I truck can refuel a 2.4 kg tank in under three minutes, matching diesel turnaround times for multi-shift grocery warehouses. The U.S. Inflation Reduction Act's US$3 / kg clean-hydrogen credit cuts operating cost to roughly US$0.85 / kWh energy equivalent when green supply contracts activate. Toyota, Hyster-Yale, and STILL will roll out 2.5-5 t hydrogen models in Europe during 2024, signalling a dual-track future: lithium-ion dominates indoor fleets, while hydrogen targets heavy-duty, high-throughput environments. Refurbished Units Reshape Procurement Strategies While Extending Equipment Operating Lifecycles Refurbished—or 'factory certified pre-owned'—forklifts have matured into structured fleet-refresh tools. ITA resale data show 26% of forklifts changing U.S. hands in 2024 were refurbished units, up from 19% in 2019. Ritchie Bros. auction figures put a three-year-old 2.5t electric counterbalance at US$14 800—a 42% discount to new. EU Directive 2012/19/EU on waste electrical gear has motivated OEM-run refurbishment centers that reclaim batteries, motors, and masts while ensuring CE compliance in the forklift trucks market. A deeper effect is market-expansion rather than mere cannibalization. Interact Analysis estimates that for every five refurbished trucks deployed, two incremental first-time buyers emerge, notably in Southeast Asia and Eastern Europe. Certified programs often retrofit lithium-ion packs; KION's 'Li-on upgrade' promises 12-year service versus five for lead-acid, reducing embodied carbon scrutinised under the Global Logistics Emissions Council framework. Procurement leaders therefore favour a blended model—new high-intensity trucks paired with refurbished spares for seasonal peaks—balancing capex with uptime, elevating safety, and broadening total market reach. Cross-Regional Trade Flows Reveal Shifting Production Centers And Demand Corridors Trade figures capture a shifting production landscape in the global forklift trucks market. China Customs recorded 684,376 complete forklift exports in 2024, a 35% jump over 2021. The United States bought 14%, while Brazil and Mexico combined for 9%, exploiting Regional Comprehensive Economic Partnership supply chains. Germany, once dominant, shipped 138 900 units in 2023, down 7% YoY amid high energy costs. Thailand imported 41% more Chinese forklifts yet grew its own reach-truck exports to Oceania by 18%, illustrating intricate bilateral flows. Policy largely explains the pivot in the forklift trucks market. The EU's March 2024 anti-dumping duty—up to 33% on Chinese ICE forklifts but exempting electrics—redirects combustion products toward Latin America, where Mercosur tariffs average 14%. Meanwhile, the U.S. Section 301 tariff of 25% on Chinese material-handling categories nudges American buyers to Japanese and Korean brands; Japanese exports to the U.S. rose 17% in 2023. Turkey has become a processing hub: semi-knocked-down kits from Anhui assembled in Izmir qualify for EU customs-union rates. With OEMs reshaping footprints, logistics providers are reorganising consolidation nodes around Port Klang, Algeciras, and Savannah to keep lead times within 45-day omnichannel planning horizons. Input Inflation, Technology Mix, And Subsidies Redefine Global Forklift Pricing Commodity swings and technology shifts tug forklift prices in opposite directions in the forklift trucks market. Steel—35% of a truck's BOM—averaged US$790 / t in 2023 (CRU), down 18% from 2022's peak yet still 27% above 2019, keeping chassis costs high. Conversely, lithium-ion pack prices fell to US$128 / kWh (BloombergNEF), saving about US$1 500 on a 24 kWh Class I model. Semiconductor lead-times dropped from 52 to 16 weeks, unwinding 2022 spot-buy premiums. Net result: U.S. factory-gate prices for electric riders rose just 2.6% in 2023 versus 7.9% in 2022 (BLS PPI 333924). Fiscal incentives blunt remaining inflation. China's 'Green Equipment Subsidy Catalog' offers up to RMB 12 000 per electric forklift under 3.5 t, offsetting new VAT carbon surcharges. The U.S. Section 45W Commercial Clean Vehicle Credit slices 30% of cost (max US$7 500) for zero-emission industrial trucks, while California's CORE voucher adds US$2 000, shrinking payback to 2.9 years versus propane, Crown Equipment calculates. Germany's accelerated depreciation rule allows 20% write-off in year one, yielding a 4% NPV price edge for efficient trucks. Thus, subsidies and tech deflation jointly temper customer price sensitivity. E-Commerce Fulfillment And Third-Party Logistics Remain Most Profitable Application Segments E-commerce has raised cycle rates dramatically in the forklift trucks market. CBRE counts 22.2 billion sq ft of global logistics real estate in 2023, up 9% YoY; 68% serves e-commerce or omnichannel. Pallet touches reach 230 per truck per shift in such centres, versus 140 in traditional manufacturing. Lithium-ion Class II reach trucks and three-wheel Class I electrics dominate purchasing. Amazon alone operates 75 000 robotic movers and forklifts across North America as of mid-2024. Gartner reveals e-commerce facilities devote 7.4% of OPEX to material-handling—the sector's largest share. Third-party logistics (3PL) providers convert these demands into high-margin contracts. Armstrong & Associates data show e-commerce-linked 3PL revenue grew 31% in 2023, far outpacing the 13% wider 3PL market. Fleet age averages just 3.1 years at tier-one 3PLs, reflecting fast replacement to avoid downtime penalties. Automation is converging: Hyster-Yale's robotic end-rider raised productivity 27% in DHL's Memphis hub, blending autonomy with conventional lifts. Buyers seek OEM bundles—telematics, finance, maintenance—turning forklifts into per-pallet operating costs. With Pitney Bowes forecasting 256 billion parcels by 2028, e-commerce logistics will remain the forklift trucks market's profit engine. Manufacturers pursue vertical integration and service models to protect margins The top five OEMs in the forklift trucks market—Toyota, KION, Jungheinrich, Hyster-Yale, Mitsubishi Logisnext—held 63% shipment share in 2023 (WITS), yet margins tighten: Toyota's slipped to 6.8% in FY 2023 from 8.1% in 2020. Vertical integration is their counter-move. Jungheinrich's €450 million MIAS battery acquisition secures LiFePO₄ cells, while Hyster-Yale's Nuvera venture brings fuel-cell stacks in-house. BYD, both battery giant and forklift OEM, undercuts European quotes by up to 12% in ASEAN bids, leveraging internal chemistry know-how. Service revenue is the parallel front. KION's '360° Service' subscription—predictive maintenance, training, analytics—earns 26% gross margin against 18% for equipment in the forklift trucks market. Telematics now ships with 52% of new forklifts (Interact Analysis), giving OEMs data moats; API access mimics SaaS fees. Toyota Industries Commercial Finance grew assets under management to US$5.4 billion in 2023, smoothing cyclicality. Start-ups challenge incumbents: Hangcha posted 19% revenue growth exporting low-cost lithium-ion models to Eastern Europe, and Vecna Robotics sells 'forklifts-as-a-service' at US$2.50 per pallet move. Scale, vertical tech, and digital services therefore define the evolving competitive chessboard. Request Report Customization: Policy, safety, and sustainability regulations steer future competitive market dynamics Regulation is tightening across emissions, safety, and circularity. California's Advanced Clean Fleets rule bans internal-combustion forklifts under 12 000 lbs for large fleets from 2026, affecting 11% of U.S. warehouse space. Europe's Machinery Regulation 2023/1230, effective 2027, classifies autonomous forklifts as 'high-risk,' mandating redundant LiDAR and intrusion detection; non-compliance fines reach 4% of EU revenue. China's GB7258-2023 raises lateral-stability thresholds in the forklift trucks market, triggering mast redesigns. Such statutes elevate R&D spend and favor certification-savvy OEMs. Sustainability adds more levers. The EU Battery Regulation (EU) 2023/1542 requires 16% recycled cobalt and 4% recycled lithium by 2031, pushing OEMs to closed-loop deals like Jungheinrich-Northvolt. Corporate buyers tie forklift procurement to SBTi targets; Walmart now demands cradle-to-grave CO₂ declarations audited under ISO 14067. Marsh McLennan reports 6-9% insurance discounts where collision-avoidance sensors cut incidents 40%. Draft ISO 7462 cybersecurity norms for autonomous vehicles could soon mandate secure over-the-air patching, reshaping aftermarket service in the forklift trucks market. Ultimately, policy and sustainability frameworks operate as both compliance mandates and strategic differentiators, steering competitive dynamics through 2030 and beyond. Global Forklift Trucks Market Major Players: CLARK Material Handling Company Crown Gabelstapler GmbH & Co. KG Godrej & Boyce Manufacturing Company Limited Hyster-Yale Materials Handling, Inc. HD Hyundai Heavy Industries Jungheinrich AG KION GROUP AG Mitsubishi Forklift Trucks Toyota Industries Corporation Anhui Heli Other Prominent Players Key Segmentation: By Power Source IC Engine Powered Electric Powered By Class Class 1 Class 2 Class 3 Class 4 Class 5 Others By End Use Retail & Wholesale Logistics Automotive Food Industry Others By Region North America Europe Asia Pacific Middle East & Africa (MEA) South America Request Additional Details Before Purchase: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website:
