Industrial Vehicles Market worth 14.75 Billion USD by 2021 - PowerPoint PPT Presentation

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Industrial Vehicles Market worth 14.75 Billion USD by 2021

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Industrial Vehicles Market report categorizes the global 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 – PowerPoint PPT presentation

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Title: Industrial Vehicles Market worth 14.75 Billion USD by 2021


1
MarketsandMarkets Presents
Industrial Vehicles Market worth 14.75 Billion
USD by 2021
http//www.marketsandmarkets.com/Market-Reports/in
dustrial-vehicle-market-164686137.html
2
  • 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

3
  • 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.

4
  • 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).

5
About MarketsandMarkets
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6
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