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Industrial Vehicles Market by Product Type, Drive Type, Application, and Region - Global Forecast to 2021

Industrial Vehicles Market: Global Forecast until 2021

  • September 2016
  • 128 pages
  • ID: 4208327
In this report:
Europe is expected to occupy the largest market share, owing to rapid industrialization in Germany and the U.K. The aisle truck market in Asia-Pacific is projected to grow from ##.## thousand units in 2016 to ##.## thousand units by 2021, at a CAGR of ##.##%.
The market for gas-powered industrial vehicles is ranked third, and is expected to grow to ##.## thousand units by 2021, from ##.## thousand units in 2016, at a CAGR of ##.##%.

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"Increased industrialization and setting up of warehouses will likely drive the industrial vehicles market"

The industrial vehicles market is expected to be ~$13.4B in 2016, and is expected to grow at a compound annual growth rate (CAGR) of ~1.9 percent from 2016 to 2021, to attain ~$14.8B by 2021. The increase of this market is fueled by increased industrialization and setting up of warehouses for different sectors including e-commerce and manufacturing Automatic guided vehicles and customized industrial vehicles have a high installation cost; this is a main restraint for the industrial vehicles market.

"Battery-operated industrial vehicles to be the fastest-growing segment in 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 anticipated to surpass the industries for internal combustion engine-driven and gas-powered industrial vehicles.

"Europe (EU) is the quickest growing sector for industrial vehicles"

The european area is the quickest increasing sector for industrial vehicles. Industry research and development efforts form an integral part of the European economy. The European Union's top strategy for 2010-2020 identifies analysis and development as the main measure for economic increase. Industrial vehicle manufacturers are investing heavily in developing technologically advanced products. The industry demand for advanced products will likely drive the industrial vehicles market in EU.

The market research includes industry insights from different market experts, ranging from component suppliers to Tier 1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company category - Tier 1 - 42 %, Tier 2 - 26.0 percent, Others - 32.0 percent

- By Description - C-suite - 40.0 percent, D-suite - 29.0 percent, Others - 31.0 percent

- By area - North america (NA) - 38.0 percent, Europe - 22.0 percent, Asia-Pacific - 30.0 percent, Africa - 10.0 percent

The document breaks down the industrial vehicles market and forecasts its size, by quantity and value, on the basis of area (North America continent, Asia Pacific (APAC), Europe (EU), and African continent), product class (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).

Why Purchasing This Study Can Help You:

The analysis offers business insights about the following parts:

- Business entry: Exhaustive information about the industrial vehicles market provided by the most important 10 market actors in the industry

- Product improvement/Innovative products: In-depth understanding into up-on-coming technologies, Research&development activities, and recent product launches in the industrial vehicles market

- Industry development: Highlighted information about types of industrial vehicles. The market research examines the sector for different industrial vehicles across multiple regions

- Industry diversification: Complete information about recent products, untapped regional sectors, recent evolutions, and market investments in the industrial vehicles market

- Opposing assessment: In-depth assessment of the market shares, strategies, products, and manufacturing competences of key players in the industrial vehicles market

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