Press release
Industrial Vehicles Market expected to hit USD 61.95 Bn by 2029 during the forecast period at a CAGR of 4.7 percent
Industrial Vehicles Market
Industrial Vehicles Market Scope and Research Methodology
The Industrial Vehicles Market report includes information on the current trend and future growth prospects of the market as well as key opportunities and drivers impacting market growth. The Industrial Vehicles Market report provides analysis through segments such as drive type, application, aerial work platform along with their multiple sub-segments. The Industrial Vehicles Market report provides a detailed analysis of the competitive landscape of the market, including the market share and revenue of key players in the industry. The Industrial Vehicles Market report includes collaborations, mergers and acquisitions by major key players. The Industrial Vehicles Market report provides a detailed analysis of the market through revenue, gross income, pricing analysis and market penetration of the product. Primary and secondary research methods were used to collect the Industrial Vehicles Market data. Collected data is further analysed through SWOT, PESTLE and PORTER's five force model.
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Industrial Vehicles Market Dynamics
Increasing demand for efficient and reliable vehicles in various industries such as construction, mining and agriculture are expected to drive the Industrial Vehicles Market. The market is also being propelled by advancements in technology, such as automation and electrification, which have led to the development of more efficient and sustainable industrial vehicles. Major companies are investing in vehicles with advanced safety features and technologies. The increasing need for customized vehicles to meet specific industry requirements is also driving the Industrial Vehicles Market. The rising need for customized vehicles to meet specific industry requirements is also contributing to the growth of the Industrial Vehicles Market. The Industrial Vehicles Market also includes end user segments of Industrial Vehicles Market in manufacturing, warehousing, Industrial freight and logistics.
Industrial Vehicles Market Regional Insights
Asia Pacific is expected to hold the largest market share of the Industrial Vehicles Market throughout the forecast period. The region's fast industrialization and a greater demand for industrial trucks to deliver completed items and raw materials to warehouses are expected to drive the Industrial Vehicles Market. The growing economies such as China and India are world's fastest-growing economies and is a major manufacturer of industrial vehicles.
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Industrial Vehicles Market Segmentation
By Drive Type:
ICE
Battery-Operated
Gas Operated
By Application:
Manufacturing
Warehousing
Freight & Logistics
Others
By Aerial Work Platform:
Boom Lifts
Scissor Lifts
Industrial Vehicles Market Key Players Include:
Crown Equipment Corporation (US)
Hyster-Yale Materials Handling, Inc. (US)
Altec Industries (US)
CLARK MATERIAL HANDLING (US)
Lonking Forklift Co., Ltd. (China)
EP Equipment, Ltd. (China)
Hangcha Group Co. Ltd (China)
Noblelift Intelligent Equipment (China)
Anhui Heli Co., Ltd (China)
Liuzhou LiuGong Forklift Co.,Ltd (China)
Hubtex Maschinenbau GmbH & Co. KG (Germany)
Hubtex Maschinenbau GmbH & Co. KG (Germany)
Jungheinrich AG (Germany)
Kion Group AG (Germany)
Mitsubishi Nichiyu Forklift Co., Ltd. (Japan)
Toyota Industries Corporation (Japan)
Aichi Corporation (Japan)
MORITA HOLDINGS CORPORATION (Japan)
Komatsu Ltd. (Japan)
Doosan Corporation (South Korea)
Hyundai Heavy Industries (South Korea)
Action Construction Equipment Ltd. (India)
Godrej & Boyce Mfg. Co. Ltd. (India)
Cargotec Corporation (Finland)
Combilift (Ireland)
Goldbell Group (Singapore)
Motrec International Inc. (Canada)
Manitou (France)
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Table of Content for Global Industrial Vehicles Market:
Global Industrial Vehicles Market: Research Methodology
Global Industrial Vehicles Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Industrial Vehicles Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Industrial Vehicles Market Segmentation
Global Market, by Drive Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Aerial Work Platform (2021-2029)
Regional Industrial Vehicles Market (2021-2029)
Regional Market, by Drive Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Aerial Work Platform (2021-2029)
Regional Market, by Country (2021-2029)
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Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Drive Type, Application, Aerial Work Platform
Competitive Landscape - Profiles of selected key players by region in strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
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Van Market: Global Industry Analysis and Forecast (2021-2029)-know more
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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