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Global Poly Trucks Market Demand, Industry Size, Share, Types, Growth, Trends Analysis and Market Forecast Through 2018-2028
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Further, due to the availability of a variety of poly trucks, in terms of material, capacity, and flexible features, poly trucks are highly sought after in the manufacturing, distribution, warehousing, recycling, sorting, collection, and goods transportation industries. On account of the emergence of industrial automation and increased demand for efficient supply chain, leading businesses are seeking cost-efficient, autonomous, and sustainable handling solutions. These factors are likely to hamper the growth of the poly trucks market in the review period.
Material Handling Industry to Present Lucrative Opportunities for the Poly Trucks Market
According to the U.S. Department of Commerce and Bureau of Labor Statistics, in America, material handling and logistics industry is one of the largest and fastest growing industries, reporting US$ 156 billion per year in terms of consumption of material handling and logistics equipment. As poly trucks provide cost-efficient and flexible material solutions, they are highly utilized in the industry where storing, transporting, and distribution are routine practices. Due to its persistent growth, the material handling industry is considered one of the ‘mega industries’. This positive trend of the industrial growth represents steady demand for material handling equipment including poly trucks in the near future.
Poly Trucks Gain Traction in the Hospitality Industry
The laundry industry, in particular, the coin laundries are an important end-user of the poly trucks. The coin laundry association states that in the United States, currently there are 29,500 coin laundries that generate US$ 5 billion gross revenue annually. This growth is translated into the need for effective and flexible material handling solutions that facilitate different material handling in different environments. Further, manufacturers provide customized solutions with the features such as bulk transport solutions with covers, flatworks, and extractors that fit in the clients’ custom environment to gain optimal efficiency. Apart from the laundry industry, manufacturers of the poly trucks also provide solutions for housekeeping, pools, waterparks, food & beverages, and other maintenance applications where they are highly sought after.
In Meeting Efficient Industrial Supply Chain, Poly Trucks Lag Behind
In the era of Industry 4.0 transformation, adoption of automation and digitization has increased exponentially. On account of which, automated material handling solutions are becoming popular in advanced industrial infrastructure. Robots have been devised for different material handling purposes including storage, collection, and transportation of various goods, materials, and other products. Poly trucks provide manual solutions for storage, distribution, and transport of different materials. Adoption of automation and digitization in the industrial infrastructure has resulted in increased supply chain efficiency. Thus, growing automation in the fourth industrial revolution is likely to hamper the growth of poly trucks market.
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Manufacturers to Provide Innovative Ergonomic Poly Truck Design
With the rising demand of material handling equipments in a variety of industries, manufacturers have introduced product innovations in poly carts to meet with the growing consumer demand. To accommodate divergent consumer requirements, a range of poly truck design categories such as poly box trucks, poly bulk trucks, and poly laundry trucks are available in the market. In addition, poly trucks are coated with distinct chemicals such as epoxy resins for industry-specific applications such as water and chemical resistance for food and beverage industry.
Lids, special frames, drains, specialized pockets, self-raising platforms, removable caters, and tow bars are few of the customized features provided by manufacturers. While major poly trucks are made from plastic polymers, other materials such as canvas are also applied in the design of poly trucks.
Few of the trending features in the poly trucks market are customized sizes, designs, and light-weight, and easy equipment handling. In addition, easy replacement and repairing of poly truck accessories by manufacturers assist in enhancing the consumer pool of the poly trucks market.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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