Electric Forklifts and Smart Conveyors Propel U.S. Market Toward 10.1% CAGR Through 2032

According to the latest market research study published by P&S Intelligence, the U.S. Forklift & Conveyor Manufacturing market reached USD 21 billion in 2024, and is projected to achieve a robust 10.1% CAGR, surging to approximately USD 44.8 billion by 2032.

Download free Report Sample Now

This rapid expansion is driven by substantial modernization across logistics and distribution infrastructure, heavily fueled by the rise of e-commerce and digital supply chains. The growing integration of automation—such as robotic forklifts, automated guided vehicles (AGVs), and IoT‑enabled conveyor systems—is optimizing warehouse efficiency and enabling real-time operational insights.

In parallel, legislative pressure on workplace safety, sparked by the 2023 tally of 2.6 million non‑fatal injuries and over 5,200 fatalities among U.S. workers, has accelerated the adoption of advanced, safety‑centric handling equipment. Additionally, environmental policies and shifting emissions standards are catalyzing a trend toward electric forklifts, driven by their longer battery life, faster charging, and eligibility for government subsidies—making them a sustainable and cost-effective alternative to internal-combustion models.

Key Insights

• The market’s product segmentation is dominated by forklifts, which held 65% share in 2024, while conveyor systems are emerging with the fastest growth rate.
• Power-source dynamics reveal electric equipment accounted for 80% of market activity in 2024, outperforming internal-combustion models—a trend set to continue due to cost efficiencies and green regulations.
• Load capacity analysis shows mid-range forklifts (5–15 tons) held 70% market share in 2024; however, heavy-duty units (above 16 tons) will post the fastest CAGR, propelled by demands from construction, mining and energy sectors.
• By automation level, manual handling systems led with 55% share in 2024, but fully automated solutions are poised for fastest growth, reflecting the surge in demand for precision and efficiency in fulfillment operations.
• In terms of end‑use, manufacturing (notably automotive, consumer goods, and machinery) topped the market with 40% share in 2024, while agriculture is emerging as the fastest-growing segment due to the uptake of cold-storage, smart-warehouse systems.
• Regional trends highlight the Midwest as the largest market share region in 2024—anchored by industrial hubs in Michigan, Ohio, and Illinois—while the Western states are experiencing the highest growth rate driven by technological adoption in ports and e‑commerce logistics.
• Technological advancements, including AGVs, AMRs, IoT-integrated conveyors, and lithium‑ion battery enhancements, are creating new benchmarks for safety, uptime, and productivity—helping businesses minimize human error and maximize real‑time control.
• The market is highly fragmented, with major players like Toyota Material Handling, Crown, Hyster‑Yale, Clark, Mitsubishi Logisnext, Combilift, and Jungheinrich competing alongside numerous regional manufacturers.
• Recent M&A activity—such as Motion Industries' acquisition of International Conveyor and Rubber in December 2024—underscores ongoing consolidation and scale-driven strategic expansion.
• The emerging opportunity lies in integrated solutions: combining electric/autonomous forklifts, smart conveyors, real‑time data analytics, and compliance-based safety systems. This holistic approach enables warehouse and logistics operators to revamp end-to-end workflows and prepare for future adaptability.

Read More

Rising Demand for Affordable Mobile Services Fuels U.S. MVNO Market Growth

According to the latest market research study published by P&S Intelligence, the U.S. MVNO market was valued at USD 30 billion in 2024 and is projected to reach approximately USD 52.9 billion by 2032, reflecting a 7.5% CAGR over the 2025–2032 forecast period. This impressive growth is driven by consumer preference for cost–effective, prepaid plans with no contractual obligations, offering notable flexibility and savings compared to traditional mobile options.

Geographical trends indicate that the Southern U.S. commands the largest market share, while the Western region is emerging as the fastest-growing, showcasing growing adoption driven by demographic shifts and regional mobile demand. The market remains highly fragmented, with numerous MVNOs leveraging niche offers, regional strategies, and price-focused plans to attract a broad customer base.

Download Free Report Sample Now

Key Insights

• Segmentation by business model shows strong preference for prepaid, no-contract plans, reflecting rising consumer demand for pricing transparency and flexibility.
• Regional trends reveal the South as the revenue leader, while the West is the fastest-growth market, offering extensive opportunities for tailored regional strategies.
• Economical service delivery remains the central market driver—end users increasingly turn to MVNOs to access wireless connectivity at lower cost compared to traditional carriers.
• Fragmented competitive landscape allows a diverse array of operators to thrive—many specialize in targeted segments such as value-conscious customers, rural communities, or small and medium businesses.
• Growth trajectory suggests significant upside for new entrants and niche players, with the market expected to nearly double in size, increasing from USD 30 billion (2024) to USD 52.9 billion (2032).
• Pricing advantage stands as a major differentiator: MVNOs capitalize on wholesale agreements to offer competitive pricing without long-term commitments.
• Agile market strategies—including customizable plans, digital-first customer service, and flexible billing—will be critical in capturing and retaining market share.
• Regional expansion opportunities are particularly strong in the Western U.S., where growth outpaces overall national trends.
• Fragmentation fosters innovation: operators focusing on specific demographics or use-cases (e.g., families, senior citizens, IoT solutions) can leverage personalization to distinguish themselves.
• Market maturity signals future consolidation opportunities, especially among MVNOs that deliver high-value and targeted services.

Read More

Corporate Communication Agencies Drive Stakeholder Engagement Growth

The U.S. corporate communications market is forecasted to reach $2,204.2 million by 2024, with a strong compound annual growth rate (CAGR) of 14.0%, driving its value to $4,838.1 million by 2030. This remarkable growth underscores the growing reliance on strategic communication to enhance stakeholder engagement and achieve business success.

Corporate communication agencies provide essential services, including media relations, content creation, and crisis management, which are becoming integral to organizational strategies. Additionally, the adoption of advanced technologies like artificial intelligence (AI), virtual communication platforms, and data analytics is reshaping the industry, empowering companies to safeguard their brand image and address challenges effectively.

Download Free Sample Report Now

Key Insights

Segmentation Analysis

The market is segmented into internal, external, and unified communication categories:

• Internal Communication: Aims to boost transparency and collaboration among employees.
• External Communication: Focuses on managing public perception, media relations, and brand reputation.
• Unified Communication: Integrates multiple platforms to streamline operations and enhance efficiency, gaining significant popularity.

The IT and telecom industry emerges as the largest application area, driven by its need for robust communication strategies to handle complex stakeholder interactions and stay competitive.

Regional Trends

The Western U.S. dominates the market due to its high density of tech firms and startups prioritizing cutting-edge communication tools. It is also the fastest-growing region, reflecting an increased demand for innovative and dynamic solutions.

Technological Advancements

Emerging technologies like AI and machine learning (ML) are revolutionizing corporate communication. Tools like generative AI (e.g., ChatGPT) create personalized content and analyze consumer behavior, while chatbots and conversational AI ensure timely and accurate interactions. Moreover, companies are exploring virtual reality (VR) to design immersive brand experiences that boost engagement.

Competitive Dynamics

The market comprises a wide range of players offering customized communication solutions. Leading firms are leveraging strategic partnerships and technological advancements to expand their market share. Digital transformation is a key focus, enabling businesses to remain competitive in a rapidly evolving environment.

Overall, the U.S. corporate communications market has become a cornerstone for businesses aiming to connect effectively with stakeholders, presenting vast growth opportunities through innovation and the adoption of advanced technologies.

Read More

Surface Computing Market is Led by North America

The surface computing market was USD 61.2 billion in 2023, and it will rise to USD 505.5 billion, powering at a 35.3% compound annual growth rate, by 2030.

To learn more about this report: https://bit.ly/3NTBNKA

This growth is mainly because of the surging use of natural user interfaces for interacting with users. Additionally, surface computers have multi-touch as well as multiuser technologies, which assist in the identification of various objects physically with the help of touch. 

Moreover, they are employed for different applications, such as revolving, resizing, choosing, and moving, allowing the identification of objects in real-time.

The curved category, on the basis of display type, is likely to advance at a higher rate, of 35.6%, in the years to come. This can be because these devices have developed visual quality, enhanced efficiency, and reduced eye strain.

North America is the largest contributor to the industry, and it will remain the largest, generating USD 33.6 billion, by 2030. This can be mainly because of the increasing disposable salary as well as the existence of major companies.

APAC is likely to advance at the highest rate, of 35.8%, during this decade. This is because of the rising acceptance of innovative and new technologies, the growing need of customers for more immersive experiences in the digital world, and high funding by several tech giants in this region. 

With the increasing acceptance of natural user interfaces for interacting with users, the surface computing industry will continuously advance in the coming years.

Read More