Industrial Vehicles Market is projected to reach USD 71.44 Billion By 2030 : Cognitive Market Research

Market Overview:
- Industrial vehicles are designed to transport raw materials, finished goods, and production materials within industrial sectors. Industrial vehicles come in various sizes to mount specialized heavy equipment trucks. In addition, these vehicles are used with a variety of attachments such as platforms and grippers for efficient handling of goods and for reducing operating costs.

Summary:
- As per our study, The Industrial Vehicles Market Size Was Valued at USD 47.02 Billion In 2022 And Is Expected to Grow at A CAGR Of 5.49 % During the Forecast Period, Reaching USD 71.44 Billion By 2030. ICE segment has the largest dominant revenue share in the industrial vehicles market in terms of type. Asia Pacific has the largest dominant revenue share in the industrial vehicles market.

"To know more The Industrial Vehicles Market statistics click here: https://www.cognitivemarketresearch.com/industrial-vehicles-market-report

Market Dynamics:
- Increasing demand for industrial vehicles in various industries such as reduction of labor costs in organizations, and production of hydrogen fuel cell forklifts are major factors expected to drive the growth of the industrial vehicles market. However, increasing safety issues related to forklift trucks and other industrial vehicles and the rising cost of the vehicle are key factors expected to hinder the growth of the industrial vehicles market. Furthermore, the increasing demand for battery-operated industrial vehicles is a factor projected to create growth opportunities for the industrial vehicles market during the forecast period.

Segmentation Analysis:
• Based On The Drive Type, the ICE segment has the largest dominant revenue share in the industrial vehicles market. This is due to increasing demand for ICE container handles in the warehouse and material handling divisions are expected to drive the demand for the ICE segment in the forecast period. In addition, increasing the use of ICE engine vehicles in towing applications.

• Based On The Level Of Autonomy, the non- or semi-autonomous segment has the largest dominant revenue share around 81.12% in the industrial vehicles market. This is attributed to the increasing need for safer and more efficient drive systems which is driving the development and adoption of semi-autonomous industrial vehicles.

• Based On The Application, the manufacturing segment has accounted for the largest market share around 49.21% in the industrial vehicles market. This is attributed to the fact that the manufacturing sector requires a complete range of lifting and loading trucks and attachments for truck, train, and barge handling. Industrial vehicles are optimized by the manufacturing industry's need to lift materials in a safe and agile manner.

The Major Players in Industrial Vehicles Market are:
Hyster Yale Materials Handling, Jungheinrich, KION GROUP, Konecranes, TOYOTA INDUSTRIES, Anhui Heli Industrial Vehicle, Cargotec, Crown Equipment, Daifuku, Hangcha, Hyundai Construction Equipment Europe, Manituo, MITSUBISHI LOGISNEXT, Ross Electric Vehicles, SSI SCHAEFER, Taylor Dunn

Get free sample pages of latest published Industrial Vehicles Report 2023:
https://www.cognitivemarketresearch.com/industrial-vehicles-market-report#request_sample

Regional Analysis:
- Asia Pacific accounted for the largest share of the industrial vehicles market
Asia Pacific has the largest dominant revenue share in the industrial vehicles market, due to the increasing adoption of industrial robots in automotive, e-commerce, food & beverages, and pharmaceuticals & healthcare industries in Asian countries such as China, India, and South Korea.

News:
- Toyota Material Handling has introduced a power player in its heavy-duty lineup
In November 2020, Toyota Material Handling has introduced the power player to the company's industry-leading lineup of heavy-duty equipment. Toyota High-Capacity Core IC pneumatic forklift in five different models ranging in capacity from 22,000 to 30,000 pounds.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Industrial Vehicles Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Industrial Vehicles Market Size 2018 - 2030, (USD Million)
• 3.2 Global Industrial Vehicles Market: Snapshot
Chapter 4 Global Industrial Vehicles Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Industrial Vehicles Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Industrial Vehicles Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Industrial Vehicles Market Regional Analysis
Chapter 11 North America Industrial Vehicles Market Outlook (2018 - 2030)
Chapter 12 Europe Industrial Vehicles Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Industrial Vehicles Market Outlook (2018 - 2030)
Chapter 14 Latin America Industrial Vehicles Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Industrial Vehicles Market Outlook (2018 - 2030)
Chapter 16 Research Findings

To know more Industrial Vehicles Market TOC click here : https://www.cognitivemarketresearch.com/industrial-vehicles-market-report#table_of_contents

Related Report:
• Forklift truck market - https://www.cognitivemarketresearch.com/forklift-truck-market-report
• Warehousing and distribution logistics market - https://www.cognitivemarketresearch.com/warehousing-and-distribution-logistics-market-report
• Industrial automation market - https://www.cognitivemarketresearch.com/industrial-automation-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us

About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

This release was published on openPR.