The Industrial Trucks market study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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Electric trucks will foray aggressively in the market and are estimated to grow at a CAGR of 9% through the forecast time frame. Over the last few years, the deployment of electric vehicles has been growing rapidly, particularly for industrial trucks.
Also, a seismic shift has been witnessed among end-users towards electric trucks owing to their multiple benefits such as smooth and noiseless operation, lower maintenance and reduced emissions. However, smaller enterprises show divergent preferences with high reliance on IC engines and manual industrial trucks. This is also due to the unaffordability of electric trucks.
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Industrial Trucks Market Analysis by Region
Europe holds the largest share in the global industrial trucks market followed by North America and the Asia Pacific. Owing to the extensive utilization of industrial trucks in the manufacturing and construction industry, Europe & East Asia contribute around 60% to the global revenue. Further, the East Asian industrial trucks market is estimated to grow two-fold through the forecast period. This is attributed to a boom in the construction industry and acclerated demand for luxury vehicles and ramped up production.
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Key Segments of the Industrial Trucks Market
Fact.MR’s study on the industrial trucks market offers information divided into four important segments – product, power source, capacity, end use and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
| Product | Power Source | Capacity | End Use | Region |
Hand Truck
|
Electric | Below 2.5 Tons | Logistics | North America |
Pallet Jack
|
Conventional (IC Engine) | Below 2.5 Tons | Retail | Latin America |
Walkie Stacker
|
Manual | Above 5 Tons |
Manufacturing
|
Europe |
| Pallet Truck | East Asia | |||
Platform Truck
|
South Asia | |||
Counterbalanced Lift Truck
|
Oceania | |||
| Reach Truck | MEA | |||
Turret Truck
|
||||
| Order Picker | ||||
| Sideloader | ||||
| Tow Tractor | ||||
| Personnel And Burden Carrier | ||||
Automatic Guided Vehicle (AGV)
|
The Industrial Trucks market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
- Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
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The Industrial Trucks market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
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