Industrial Vehicle Market Worth $60.47 Bn by 2028 at a CAGR of 5.5% within Forecast Period 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Industrial Vehicle Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The industrial vehicle market size has grown strongly in recent years. It will grow from $46 billion in 2023 to $48.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to manufacturing and industrial growth, e-commerce expansion, safety and regulatory compliance, globalization of supply chains, focus on energy efficiency.

The industrial vehicle market size is expected to see strong growth in the next few years. It will grow to $60.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rise in e-commerce fulfillment centers, increasing adoption of electric vehicles, supply chain resilience, customization for industry-specific needs, integration of iot and telematics. Major trends in the forecast period include autonomous and semi-autonomous vehicles, predictive maintenance solutions, human-machine collaboration, robotics integration, focus on ergonomics.

Get Free Sample Of This Report
https://www.thebusinessresearchcompany.com/sample.aspx?id=12474&type=smp

Market Segmentation:
The industrial vehicle market covered in this report is segmented -
1) By Product Type: Forklift, Tow Tractor, Aisle Truck, Container Handler
2) By Drive Type: Internal Combustion Engine (ICE), Battery-Operated, Gas-Powered
3) By Level of Autonomy: Non Or Semi-Autonomous, Autonomous
4) By Application: Manufacturing, Warehousing, Freight And Logistics, Other Applications

Major Driver - E-Commerce Boom Fuels Surge In Demand For Industrial Vehicles Is A Catalyst For Market Growth
The growing e-commerce industry is expected to propel the growth of the industrial vehicle market going forward. E-commerce refers to buying and selling goods and services and sending money or data through an electronic network, often the Internet. With the surge in online orders, logistics companies are expanding their vehicle fleets to meet the increasing delivery volumes. Industrial vehicles are essential for the efficient and timely transportation of goods, ensuring customer satisfaction in the e-commerce sector. For instance, in September 2022, according to the International Trade Administration, a US-based Department of Commerce, consumer eCommerce in the UK is up by 30% of the UK's overall retail sector, with an annual e-commerce revenue of more than $120 billion. Therefore, the growing e-commerce industry is driving the growth of the industrial vehicle market.

Competitive Landscape:
Major companies operating in the industrial vehicle market report are John Deere, Komatsu Ltd., Toyota Industries Corporation, Faurecia, Lear Corp., Yamaha Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Doosan Corp., Kion Group AG, Mahle Group, Benteler Automotive, GKN Automotive, Jungheinrich AG, Konecranes Oyj, Crown Equipment Corporation, Manitou, Hyster-Yale Group Inc., Anhui Heli Co. Ltd., Hangcha Group Co. Ltd, Hyster-Yale Materials Handling Inc., Hyundai Construction Equipment Co. Ltd., Godrej Material Handling, Ace Cranes, Mitsubishi Logisnext Co. Ltd., Clark Material Handling Company, Nebula Automotive Pvt. Ltd., Cargotec Oyj, Atlas ATV, Rohnel Motors.

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/industrial-vehicle-global-market-report

Top Trend - Revolutionizing Industrial Vehicle Technology With Electric Telescopic Wheel Loader
Technological advancements are a key trend gaining popularity in the industrial vehicle market. Major companies operating in the industrial vehicle market are adopting new technologies to sustain their position in the market. For instance, in November 2022, Schäffer Maschinenfabrik GmbH, a Germany-based industrial machinery manufacturing company specializing in industrial vehicles, launched the Schäffer 23e T, an electric-drive telescopic wheel loader. The 23e T is a telescopic version of the 23e yard loader, featuring a powerful 31.3 kWh battery that provides up to eight hours of continuous work and an efficiency of over 90%, around three times that of a fuel-powered machine. Additionally, maintenance is drastically reduced because it doesn't need fuel or fuel filters.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Vehicle Market Characteristics
3. Industrial Vehicle Market Trends And Strategies
4. Industrial Vehicle Market - Macro Economic Scenario
5. Industrial Vehicle Market Size And Growth
…..
27. Industrial Vehicle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

This release was published on openPR.