| Report Code: A02546 | Pages: NA | Nov 2022 | 8512 Views | ||
| Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Vehicle Market
Request Now !Industrial vehicles are designed to transport goods and production materials to warehouse distribution centers and storage of raw materials & finished goods. These industrial vehicles come in various sizes and are configured to mount specialized heavy equipment trucks. Currently, battery-operated industrial vehicles are being increasingly adopted over internal combustion enginedriven and gas-powered industrial vehicles, as they are economical, compact, environmental friendly, reliable, and efficient.
The key factor that drives the growth of the market is the growing number of warehouses owing to increasing industrialization in sectors such as e-commerce. However, lack of innovation and dearth of R&D facilities for industrial vehicles restrain the market growth. Moreover, automatic guided vehicles and customized industrial vehicles are associated with high installation costs, which hinder the market growth. Irrespective of these challenges, increasing adoption of battery-operated vehicles and integrating smart factories into material handling industries that will lead to modularization and digitalization, will further boost the market growth in future.
The market segmentation is based on product type, drive type, and application. By product type, it is divided into forklift, tow tractor, aisle truck, and container handler. By drive type it is classified into internal combustion engine, battery-operated, and gas-powered. By application, it is categorized into industrial and cargo. Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Prominent players profiled in the report include Anhui Heli Co., Ltd, Crown Equipment Corporation, Hangcha Group Co. Ltd. Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Kion Group AG, Konecranes, Mitsubishi Nichiyu Forklift Co., Ltd., and Toyota Industries Corporation.
Key Benefits
Key Players in the Value Chain
Industrial Vehicle Market Report Highlights
| Aspects | Details |
|---|---|
| By Product Type |
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| By Drive Type |
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| By Application |
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| By Region |
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| Key Market Players | Anhui Heli Co., Ltd, Crown Equipment Corporation, Hangcha Group Co. Ltd., Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Kion Group AG, Konecranes, Mitsubishi Nichiyu Forklift Co., Ltd., Toyota Industries Corpo |
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