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Pulished Date April, 2021
ID: 8684
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Industrial Vehicles Market Segmentation By Product Type (Forklift, Tow Tractor, Aisle Truck, Container Handler), By Drive type (Internal Combustion Engine, Battery Operated, Gas-Powered), By Application (Industrial, Cargo) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 8684
Pages: 175

Maret Overview:

The global industrial vehicles market is deemed to succeed in around USD 35 billion by 2026, growing at 3.5% CAGR over the prophesized period. The industrial vehicles are often found in different sizes and are configured to support heavy equipment trucks. Recently, industrial vehicles powered by batteries are increasingly preferred over combustion engine and gas-powered vehicles, as they're more affordable, portable, eco- friendly, reliable, and robust.

Global industrial vehicle market is thriving with advert of new industries and development of warehouse management for online sales and different other manufacturing industries. The increase in industries, alongside global change drives the industrial vehicle market to grow in line within the marketplace. Industrial vehicles are vital in the transportation of cargo and logistics between the distribution centers to retail stores. These vehicles play an essential role in loading and unloading stock from the warehouse, transportation of products and production materials to the retail outlet, also to store raw materials and finished goods. Recent inventions like driverless vehicles and battery operated vehicles are touted to spice up the global industrial vehicle market as they're more economical.

Recent Developments:

  •  ZF confirmed made a deal to partner with Chinese company Anhui Heli Co. to develop ZF-HELI Drivetech (Hefei) Co. This joint venture will aid ZF to enter the Chinese market that is a growing area for forklift trucks. Besides, ZF will reinforce its broad product portfolio with the addition of Anhui Heli products.
  • Crown Equipment Corporation, a renowned material handling company around the world, confirmed a replacement of small footprint LPG lift trucks. Tire 3,000-4,000 lb. – designed for straightforward maneuvering and operator comfort in manufacturing, warehouse and beverage operations with limited space.
  • The Jungheinrich’ EFG with higher-ranking lithium-ion technology plans to overtake its counterparts. The enhanced performance, faster charging, zero maintenance and extended service life makes Jungheinrich lithium-ion batteries the primary choice among consumers.

Drivers and Restraints of Industrial Vehicles Market:

Drivers:

Global Industrial vehicles market is usually driven by the rise in the number of massive warehouses by e-commerce industries like Amazon, Alibaba and eBay. The industrial vehicles in these warehouses transport large quantities of various products and goods to the end-user in a cost-effective and efficient manner. The market is additionally driven by the rise within the use of battery-operated industrial vehicles with rising awareness about the environment and with the government terms to curb the emission of hazardous gases from industrial vehicles. The rise in fuel prices is predicted to boom the sales of fuel-efficient industrial vehicles like battery-operated vehicles. The rise in need of transporting temperature-sensitive products fuels the interest for refrigerated industrial vehicles.

Restraints:

Hikes in rate of automation is hindering the market growth. However, emerging economies like China, India, Mexico, Brazil, and Saudi Arabia are developing smart factories in the material handling industry and growing interest for driverless industrial vehicles, creating growth opportunities for the worldwide business.

Market Segmentation:

By Application:

  • Industrial
  • Cargo

The industrial segment holds the most significant share in the global industrial vehicles industry over the forecast period because of increased industrialization and rising interest for automated vehicles and forklift from various industry verticals for material handling and internal control.

By Drive Type:

  • Internal Combustion Engine
  • Battery-Operated
  • Gas-Powered

The ICE segment holds the most crucial share within the global industrial vehicles market over the forecast period thanks to growing uses of ICE engines in towing applications and rising interest for ICE container handles within the warehouse and material handling divisions. Battery operated vehicles are deemed to contribute significantly to the global business. They will be easily adapted in industries since they’re relatively more economical during operation with low maintenance cost, and work more efficiently. 

 By Product Type:

  • Forklift
  • Tow Tractor
  • Aisle Truck
  • Container Handler

Forklifts are considered as the leading segment in the global business as they are prominent in the paper industry to carriage large paper reels. They are also employed in ports and logistics centers for loading and unloading goods. They also find notable applications in the automotive sector. They're used to handle and store large and heavy pieces of woods, radioactive material disposal, and within the beverage industry, etc. The 2 tractors can pull dual trailers simultaneously, which is connected to its rear, hence forming a train to move materials. such forklifts, 2 tractors don't have a fork attached to them. Aisle trucks are used for material handling in narrow aisles. Container handlers or reach stackers are utilized in transporting and stacking containers over short distances. Industrial vehicles can run on LPG, CNG, diesel, battery, etc.

Industrial Vehicles Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America may be a prominent industrial vehicle market within the world, with the U.S. being the most important business in this area. Canada and Mexico are other major markets in North America. Europe is one among the dominant industrial vehicle markets within the world. Germany is the most significant market in Europe. Also, nations like the U.K, France, Belgium, Spain, Italy, Sweden, and Netherlands are other major contributors in Europe. Asia Pacific is leading industrial vehicle markets within the world, led by China. Also, Japan, India, South Korea, and Australia are other major markets in this area. Latin America is also a key industrial vehicle market which is led by Brazil and Argentina. The Middle East and Africa is a considerable industrial vehicle market ruled by Iran, Turkey, Saudi Arabia and South Africa.

Key Players of Market:

The Key players operating in the global industrial vehicles market include Anhui Heli Co., Ltd (China), Crown Equipment Corporation (US), Hangcha Group Co. Ltd (China), Hyster-Yale Materials Handling, Inc. (US), Jungheinrich AG (Germany), Kion Group AG (Germany), Konecranes plc. (Finland), Mitsubishi Nichiyu Forklift Co., Ltd. (Japan), Toyota Industries Corporation (Japan), and Doosan Corporation (South Korea)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Industrial Vehicles Market, By Product Type                

                                6.1.1 Forklifts    

                                6.1.2 Tow Tractors          

                                6.1.3 Aisle Trucks             

                                6.1.4 Container Handlers             

                                6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Industrial Vehicles Market, By Drive Type                     

                                6.2.1 Internal Combustion Engine            

                                6.2.2 Battery-Operated

                                6.2.3 Gas-Powered        

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Industrial Vehicles Market, By Applications                  

                                6.3.1 Industrial Applications        

                                6.3.2 Cargo Applications               

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Drive Type         

                                7.2.4 By Applications      

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Drive Type         

                                7.3.4 By Applications      

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Drive Type         

                                7.4.4 By Applications      

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Drive Type         

                                7.5.4 By Applications      

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Drive Type         

                                7.6.4 By Applications      

8. Key Player Analysis                                    

                8.1 Toyota Industries Corporation                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Kion Group AG                          

                8.3 Hyster-Yale Materials Handling Inc.                  

                8.4 Crown Equipment Corporation                          

                8.5 Jungheinrich AG                       

                8.6 Hangcha Group Co. Ltd.                        

                8.7 Konecranes                

                8.8 Mitsubishi Nichiyu Forklift Co. Ltd.                   

                8.9 Anhui Heli Co. Ltd.                   

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Product Type,  By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  2. Global Industrial Vehicles Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Forklifts Market By Region, From 2021-2026 ( USD Billion )
  4. Global Tow Tractors Market By Region, From 2021-2026 ( USD Billion )
  5. Global Aisle Trucks Market By Region, From 2021-2026 ( USD Billion )
  6. Global Container Handlers Market By Region, From 2021-2026 ( USD Billion )
  7. Global Industrial Vehicles Market By Drive Type, From 2021-2026 ( USD Billion )
  8. Global Internal Combustion Engine Market By Region, From 2021-2026 ( USD Billion )
  9. Global Battery-operated Market By Region, From 2021-2026 ( USD Billion )
  10. Global Gas-Powered Market By Region, From 2021-2026 ( USD Billion )
  11. Global Industrial Vehicles Market By Application, From 2021-2026 ( USD Billion )
  12. Global Industrial Applications Market By Region, From 2021-2026 ( USD Billion )
  13. Global Cargo Applications Market By Region, From 2021-2026 ( USD Billion )

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