Global Industrial Vehicles Market size was valued at US$ 42.9 Bn. in 2021 and the total revenue is expected to grow at 4.7% of CAGR through 2022 to 2029, reaching nearly US$ 61.95 Bn.
Industrial Vehicles Market Overview
The report by Maximize Market Research focuses on the Industrial Vehicles market and provides an in-depth analysis by segments and sub-segments in global and regional markets. The report also includes drivers, restraints, and macro factors affecting the global and regional Industrial Vehicles markets in the medium and long run. The research includes an in-depth analysis of the global Industrial Vehicles market's trends, predictions, and monetary values. According to the report, between the years 2021 and 2029, the global Industrial Vehicles market is predicted to grow at a significant CAGR.
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Industrial Vehicles Market Scope
The report focuses on the major key drivers and restraints of the Industrial Vehicles Market, as well as the current competitive benchmarking and development prospects. The report provides current Industrial Vehicles market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in the Industrial Vehicles market research report. For the competitive analysis, the report includes the profile of the key market players in the Industrial Vehicles market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
Industrial Vehicles Market Segmentation
Battery-powered industrial vehicles owned % of CAGR in 2021, according to Drive Type. Rechargeable batteries are used to power industrial vehicles that run on batteries. Now, battery-powered business automobiles have become very popular. Batteries power the engines, which has advantages for the environment. These commercial trucks are a highly inexperienced tool for warehousing and business chores because these engines emit fewer pollution. Globally, the vast majority of logistics service providers are focusing on lowering their carbon footprint. Battery-operated motors have received a lot of attention from industrial automakers looking to cut CO2 emissions and other exhaust pollutants.
Commercial battery-powered vehicles provide benefits in terms of energy efficiency. These vehicles run on fuel that costs about 75% less to operate than propane. In Western Europe, electric forklifts make up about 70% of the fleet. With battery-powered industrial vehicles, there are also fewer moving parts that need to be repaired and maintained.
1. Global Industrial Vehicles Market: Research Methodology
2. Global Industrial Vehicles Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Industrial Vehicles Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Industrial Vehicles Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
Industrial Vehicles Market Key Players
• Crown Equipment Corporation (US)
• Hyster-Yale Materials Handling, Inc. (US)
• Altec Industries (US)
• CLARK MATERIAL HANDLING (US)
• Lonking Forklift Co., Ltd. (China)
• EP Equipment, Ltd. (China)
• Hangcha Group Co. Ltd (China)
• Noblelift Intelligent Equipment (China)
• Anhui Heli Co., Ltd (China)
• Liuzhou LiuGong Forklift Co.,Ltd (China)
• Hubtex Maschinenbau GmbH & Co. KG (Germany)
• Hubtex Maschinenbau GmbH & Co. KG (Germany)
• Jungheinrich AG (Germany)
• Kion Group AG (Germany)
• Mitsubishi Nichiyu Forklift Co., Ltd. (Japan)
• Toyota Industries Corporation (Japan)
• Aichi Corporation (Japan)
• MORITA HOLDINGS CORPORATION (Japan)
• Komatsu Ltd. (Japan)
• Doosan Corporation (South Korea)
• Hyundai Heavy Industries (South Korea)
• Action Construction Equipment Ltd. (India)
• Godrej & Boyce Mfg. Co. Ltd. (India)
• Cargotec Corporation (Finland)
• Combilift (Ireland)
• Goldbell Group (Singapore)
• Motrec International Inc. (Canada)
• Manitou (France
Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Industrial Vehicles market. The regional analysis provided in the report helps understand the Industrial Vehicles market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Industrial Vehicles market. Local and regional development plans are often affected by the performance of the Industrial Vehicles market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
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Key Questions answered in the Industrial Vehicles Market Report are:
- What is Industrial Vehicles Market?
- What is the forecast period of the Industrial Vehicles Market?
- What is the competitive scenario of the Industrial Vehicles market?
- Which region held the largest market share in the Industrial Vehicles Market?
- What are the opportunities for the Industrial Vehicles Market?
- What are the restraining factors in the Industrial Vehicles market?
- Who are the key players of the Industrial Vehicles market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Industrial Vehicles
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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