|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, April 06, 2017 ) The report "Industrial Vehicles Market by Product Type (Forklift, Tow Tractor, Aisle Truck, and Container Handler), Drive Type (Internal Combustion Engine, Battery-Operated, and Gas-Powered), Application (Industrial and Cargo), and Region - Global Forecast to 2021"
The global industrial vehicles market is estimated to be USD 13.45 Billion in 2016, and is projected to grow at a CAGR of 1.86% from 2016 to 2021, to reach USD 14.75 Billion by 2021. The growth of this market is fueled by increased industrialization and the increasing number of warehouses being set up globally.
Browse 64 market data Tables and 46 Figures spread through 129 Pages and in-depth TOC on "Industrial Vehicles Market by Product Type (Forklift, Tow Tractor, Aisle Truck, and Container Handler), Drive Type (Internal Combustion Engine, Battery-Operated, and Gas-Powered), Application (Industrial and Cargo), and Region - Global Forecast to 2021"
Ask For Brief Illustration Of The Report @:
http://www.marketsandmarkets.com/pdfdownload.asp?id=164686137
Early buyers will receive 10% customization on reports.
Internal combustion engine industrial vehicles to hold the largest share in the industrial vehicles market, by drive type
The internal combustion engine (ICE) segment is estimated to account for the largest share in the industrial vehicles market. The primary advantage of ICE industrial vehicles is that their engines produce more torque and are suitable for towing applications. ICE engines offer better acceleration and lift speeds, and have lower maintenance costs than battery-operated industrial vehicles and gas-powered vehicles. They are consequently used in most outdoor applications.
Container handlers: A promising market due to the increase in global trade
Container handlers are expected to hold the largest share, in term of value, in the industrial vehicles market. This can be attributed to the need to increase lifting heights to enable goods to be stacked at greater heights, which has triggered the demand for reliable and technologically advanced industrial vehicles. The demand for container handlers is high in developed countries such as North America and Europe. The demand is expected to increase in emerging economies such as China, and India, where new infrastructure projects are being launched.
Asia-Pacific: Largest market for industrial vehicles
Asia-Pacific is estimated to account for the largest share, in terms of value, of the global industrial vehicle market in 2016. The region comprises some of the fastest developing economies in the world, including China, India, and South Korea. This has led to an increase in industrial vehicle production volumes over the years, with OEMs catering not only to the domestic demand but to overseas demand as well.
The report analyzes all major players in the industrial vehicles market, including Toyota Industries Corporation (Japan), KION Group AG (Germany), Hyster-Yale Materials Handling, Inc. (U.S.), Crown Equipment Corporation (U.S.), and Jungheinrich AG (Germany).
Request For A Customization Of The Report@:
http://www.marketsandmarkets.com/requestCustomization.asp?id=164686137
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/XXXX
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
