Dock Levelers Market to Grow at 5.7% CAGR as Booming E-Commerce Industry Fuels Demand

The dock levelers market is likely to witness an impressive CAGR of 5.7% during the assessment period 2017-2025. In terms of revenues, the global dock levelers market is likely to reach nearly US$ 1.36 Bn by the end of 2025. These insights are according to a new research study titled “Global Market Study on Dock Levelers: China to Present Cutthroat Competition to Developed Regions in the Next Few Years” that has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE).

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According to the report, the pervasiveness of the e-commerce industry is one of the key factors driving the growth of dock levelers market. Dock levelers help in quick loading and speedy delivery, and these prerequisites have led to widespread adoption among end-users. According to the research study, leading e-commerce companies are focusing on increasing their delivery capacity to boost customer service interactions, and this is likely to drive the growth of dock levelers market during the assessment period.

Although the report maintains a positive outlook on the market, the low replacement rate of dock levelers continues to be a major impediment for sustained growth. Dock levelers and other warehouse equipment are capital-intensive projects, and usually end-users invest in repair and maintenance instead of replacing the product. These factors are likely to be key impediments for the growth of the dock levelers market during the assessment period.

In a bid to offer detailed segment-wise analysis and insights, the business intelligence study offers segmentation on the basis of product type, operations, leveling type, capacity, and region. By product type, the key segments include hydraulic, mechanical, air-powered, and vertical storing levelers.

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By operations, the key segments include conventional and automatic. The leveling type segmentation includes top of dock and edge of dock. On the basis of capacity, the key segments include upto 10T, 10T to 40T, and above 40T. The business intelligence study also offers in-depth analysis on the region-wise analysis. According to the study, North America is likely to remain one of the leading markets for dock levelers globally. The pervasiveness of the e-commerce industry in the region is likely to provide an impetus to growth during the assessment period.

The business intelligence study also offers in-depth analysis on the key companies operating in the study. According to the research report, Assa Abloy Group, Nassu, MHE Demag (S) Pte Ltd., DH Pace Company, Inc., Blue Giant, Rite-Hite, and Van Wijk Nederland BV are among the key companies operating the dock levelers market.

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This release was published on openPR.