(MENAFNEditorial) iCrowdNewswire - Aug 20, 2017
Industrial Vehicles Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It's a Database.
The 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 setting up of warehouses for various sectors such as e-commerce and manufacturing Automatic guided vehicles and customized industrial vehicles have a high installation cost; this is a major restraint for the industrial vehicles market.
Battery-operated industrial vehicles are being increasingly adopted as they are environmentally friendly, reliable, and efficient. These vehicles are economical, and are generally preferred for small warehouses or narrow aisles due to their compactness. Given these advantages, the battery-operated industrial vehicle market is expected to surpass the markets for internal combustion engine-driven and gas-powered industrial vehicles.
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The European region is the fastest growing market for industrial vehicles. Research and development efforts form an integral part of the European economy. The European Union's key strategy for 20102020 identifies research and development as the key measure for economic growth. Industrial vehicle manufacturers are investing heavily in developing technologically advanced products. The demand for advanced products will likely drive the industrial vehicles market in Europe.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 42 %, Tier 2 - 26%, Others - 32%
- By Designation - C level - 40%, D level - 29%, Others - 31%
- By Region - North America - 38%, Europe - 22%, Asia-Pacific - 30%, Africa- 10%
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Key Points From Table Of Content:
11 Company Profiles
11.1 Toyota Industries Corporation
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Developments, 2015
11.1.4 SWOT Analysis
11.2 Kion Group AG
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Developments, 2013-2016
11.2.4 SWOT Analysis
11.3 Hyster-Yale Materials Handling, Inc.
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 Developments, 2014-2016
11.3.4 SWOT Analysis
11.4 Crown Equipment Corporation
11.5 Jungheinrich AG
11.6 Hangcha Group Co. Ltd.
11.7 Konecranes
11.8 Mitsubishi Nichiyu Forklift Co., Ltd.
11.9 Anhui Heli Co., Ltd
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