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Material Transport Vehicle Market 2021 Explosive Factors of Revenue by Industry Statistics, Size, Demands, Trends, Opportunity, Share and Forecast To 2026
The Material Transport Vehicle Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Material Transport Vehicle Market Size is Projected to Reach at a CAGR of 8% during 2021-2026.
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Top Leading Companies:
Getman, Linde Material Handling, Toyota, Seegrid, The Raymond Corporation, ZF Friedrichshafen AG, RoboCV, Hyundai, Hyster-Yale Group, Rocla, Stocklin, Vecna
Recent Developments
In January 2020, Isuzu Motors Limited and Honda R&D Co., Ltd, an R&D subsidiary of Honda Motor Co., Ltd., signed an agreement to undertake joint research on heavy-duty trucks, utilizing fuel cells as the powertrain.
In March 2020, BYD received an order from the South American public transport provider, Transcarsell. The company from Ecuador ordered 20 electric trucks from BYD for delivery by 2021, the first of which is scheduled for August 2020.
In April 2021, Toyota further expanded its electric line-up choice with its new PROACE and PROACE Verso Electric, thus, adding a powerful new dimension to its Toyota Professional range of light commercial vehicles.
In February 2021, Daimler Truck AG and Cummins Inc. announced a global plan for developing medium-duty commercial vehicle engine systems. This partnership focuses on identifying potential synergies in areas such as powertrain components and engine system components.
Hyundai Motor Group (the Group), Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), today announced the completion of the Group's acquisition of a controlling interest in Boston Dynamics from SoftBank, following the receipt of regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Additional financial details were not disclosed.
Material Transport Vehicle Market Segmentation by Type:
Flat Deck Truck
Crane Truck
Forklift Truck
Others
Material Transport Vehicle Market Segmentation by Application:
Factory
Storehouse
Others
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Asia-Pacific likely to Exhibit the Highest Growth Rate during the Forecast Period
Some of the major factors driving the growth of the market include the increasing environmental concerns (owing to the rising exhaust emissions), enactment of stringent emissions and fuel economy norms, and the increasing government initiatives in terms of subsidies and benefits to increase the adoption rate of electric vehicles and replace heavy-duty diesel and gasoline-run vehicles with zero-emission electric vehicles.
Transit agencies across various countries have been significantly promoting the adoption of electric buses for public transportation. Although the penetration is very low in geographies, such as North America, the adoption rate is picking up in Asia-Pacific and Europe. According to the UITP, the share of electric buses among the entire bus sale will be 10% in 2019, and it is expected to cross 20% market share in 2021.
The commercial electric vehicle market, driven by logistics and developments in the construction and e-commerce industry, is expected to witness significant growth in the coming years, with good opportunities opening in the infrastructure and logistic sectors. Electric vans are expected to hold a substantial market share in the future.
Regional Material Transport Vehicle Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Material Transport Vehicle Market Report:
Detailed overview of Material Transport Vehicle Market
Changing the Material Transport Vehicle market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Material Transport Vehicle market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Material Transport Vehicle Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Material Transport Vehicle Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Material Transport Vehicle industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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