Industrial vehicle can be defined as any vehicle which is useful to carry, push, pull, lift, stack or tier materials for use in industries. The various types of industrial vehicles are used by different industries such as tow tractors, utility vehicles, burden carriers and stock chasers among others. Industrial vehicles facilitate the movement of goods efficiently and safely with no or very low emissions.
The industrial vehicles market is majorly driven by the increase in the number of huge warehouses set up by the e-commerce companies such as Amazon, eBay and others. These e-commerce warehouses majorly require the industrial vehicles to stack up large quantities of the products and also transportation of the stocked goods from the warehouse to the end user in a cost-effective and efficient manner. The market is also driven by the increase in use of battery operated industrial vehicles with increasing awareness about the environment and with the government regulations for controlling the carbon-dioxide emissions from industrial vehicles. The increase in the fuel prices is expected to boom the sales of the fuel efficient industrial vehicles such as battery operated industrial vehicles. The increase in need of transporting the temperature sensitive products fuel the demand of refrigerated industrial vehicles.
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The key players of Industrial vehicles market are Anhui Heli Co., Ltd (China), Crown Equipment Corporation (U.S.), Hangcha Group Co. Ltd. (China), Hyster-Yale Materials Handling, Inc.(U.S.), Jungheinrich AG (Germany), Kion Group AG (Germany), Konecranes plc. (Finland), Mitsubishi Nichiyu Forklift Co., Ltd. (Japan), Toyota Industries Corporation (Japan) and others.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Industrial Vehicle Market, By Product type
4.2 Tow Tractor
4.3 Aisle Truck
4.4 Container Handler
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Regional Analysis of Industrial Vehicle Market:
Asia pacific is expected to be the largest region of global industrial vehicle market with the high growth of the automobile sector in the developing nations of the region. The rapid industrialization in the region is leading to the increase in need of using industrial vehicles for better transportation of finished goods & raw materials and its storage at warehouses. The growth will be followed by the North America and the Europe region as the concept of driverless industrial vehicles is gaining popularity in the region which has led to cost efficiency.
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