Industrial Vehicles Market report represents the revenue opportunities in the market through to 2021, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
Industrial Vehicles Market highlights key players such as Toyota Industries Corporation (Japan), KION GroupAG (Germany), Hyster-Yale Materials Handling, Inc. (U.S.), Crown Equipment Corporation (U.S.), Jungheinrich AG (Germany), Mitsubishi Nichiyu Forklift Co., Ltd. (Japan), Konecranes (Finland), Clark Material Handling Company (U.S.), Hangcha Group (China),Anhui Heli Co., Ltd.(China).
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The industrial vehicles market is estimated to be USD 13.45 billion in 2016, and is projected to grow at a CAGR of 1.86% from 2016 to 2021, to reach USD 14.75 billion by 2021.
The growth of this market is fueled by increased industrialization and setting up of warehouses for various sectors such as e-commerce and manufacturing Automatic guided vehicles and customized industrial vehicles have a high installation cost; this is a major restraint for the industrial vehicles market.
Battery-operated industrial vehicles are being increasingly adopted as they are environmentally friendly, reliable, and efficient. These vehicles are economical, and are generally preferred for small warehouses or narrow aisles due to their compactness.
Given these advantages, the battery-operated industrial vehicle market is expected to surpass the markets for internal combustion engine-driven and gas-powered industrial vehicles.
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The European region is the fastest growing market for industrial vehicles. Research and development efforts form an integral part of the European economy.
The European Union’s key strategy for 2010–2020 identifies research and development as the key measure for economic growth. Industrial vehicle manufacturers are investing heavily in developing technologically advanced products.
The demand for advanced products will likely drive the industrial vehicles market in Europe.
The report segments the industrial vehicles market and forecasts its size, by volume and value, on the basis of region (North America, Asia-Pacific, Europe, and Africa), product type (forklifts, tow tractors, aisle trucks, and container handlers), drive type (internal combustion engine, battery-operated, and gas-powered), and applications (industrial applications and cargo applications).
Key Point from Table of Content:
Opportunities in the Industrial Vehicle Market
Industrial Vehicle Market, By Region, 2016 & 2021
Industrial Vehicle Market, By Application, 2016 & 2021
Industrial Vehicle Market, By Drive Type, 2016 & 2021
Industrial Vehicle Market, By Product Type
Industrial Vehicle: Rise in Demand for Industrial Vehicle in Emerging Region
Industrial Vehicle Market, By Type
Forklift Market, By Type
Container Handlers, By Type
Automated Guided Vehicles
Industrial Vehicle Market,By Drive Type
Internal Combustion Engine (ICE) Industrial Vehicles
Battery Operated Industrial Vehicles
Gas Powered Industrial Vehicles
Industrial Vehicle Market, By Application
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