PUNE, India, September 28, 2016 /PRNewswire/ --
The report "Industrial Vehicles Market by Product Type (Forklift, Tow Tractor, Aisle Truck, and Container Handler), Drive Type (Internal Combustion Engine, Battery-Operated, and Gas-Powered), Application (Industrial and Cargo), and Region - Global Forecast to 2021", The global 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.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 64 market data Tables and 46 Figures spread through 129 Pages and in-depth TOC on "Industrial Vehicles Market"
http://www.marketsandmarkets.com/Market-Reports/industrial-vehicle-market-164686137.html
Early buyers will receive 10% customization on this report.
The growth of this market is fuelled by increased industrialization and the increasing number of warehouses being set up globally.
Internal combustion engine industrial vehicles to hold the largest share in the Industrial Vehicles Market, by drive type
The internal combustion engine (ICE) segment is estimated to account for the largest share in the Industrial Vehicles Market. The primary advantage of ICE industrial vehicles is that their engines produce more torque and are suitable for towing applications. ICE engines offer better acceleration and lift speeds, and have lower maintenance costs than battery-operated industrial vehicles and gas-powered vehicles. They are consequently used in most outdoor applications.
Container handlers: A promising market due to the increase in global trade
Container handlers are expected to hold the largest share, in term of value, in the Industrial Vehicles Market. This can be attributed to the need to increase lifting heights to enable goods to be stacked at greater heights, which has triggered the demand for reliable and technologically advanced industrial vehicles. The demand for container handlers is high in developed countries such as North America and Europe. The demand is expected to increase in emerging economies such as China, and India, where new infrastructure projects are being launched.
Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=164686137
Asia-Pacific: Largest market for industrial vehicles
Asia-Pacific is estimated to account for the largest share, in terms of value, of the global industrial vehicle market in 2016. The region comprises some of the fastest developing economies in the world, including China, India, and South Korea. This has led to an increase in industrial vehicle production volumes over the years, with OEMs catering not only to the domestic demand but to overseas demand as well.
The report analyzes all major players in the Industrial Vehicles Market, including Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Materials Handling, Inc. (U.S.), Crown Equipment Corporation (U.S.), and Jungheinrich AG (Germany).
Browse related reports:
Industrial Batteries Market by type (Lead-Acid, Nickel-Based, Lithium-Based), end-user industry (Telecom & Data Communication, Uninterruptible Power Supply (UPS)/Backup, Industrial Equipment, Grid-Level Energy Storage), and region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/industrial-batteries-market-36754108.html
Construction Equipment Market by Construction Equipment Type, Construction Application, Mining Equipment, by Mining Application, and Region (Asia-Pacific, North America, Europe, and ROW) - Global Trends and Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/construction-mining-equipment-market-179948937.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article