Industrial Vehicles Market worth 14.75 Billion USD by 2021

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MarketsandMarkets Presents
Industrial Vehicles Market worth 14.75 Billion
USD by 2021
http//www.marketsandmarkets.com/Market-Reports/in
dustrial-vehicle-market-164686137.html
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• 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"
• http//www.marketsandmarkets.com/Market-Reports/i
  ndustrial-vehicle-market-164686137.html

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• 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.

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• 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).

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