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Industrial Vehicles Market worth 14.75 Billion USD by 2021

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

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Industrial Vehicles Market worth 14.75 Billion USD by 2021

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  1. MarketsandMarkets Presents Global Forecast Of Industrial Vehicles Market http://www.marketsandmarkets.com/Market-Reports/industrial-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/industrial-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. http://www.marketsandmarkets.com/Market-Reports/industrial-vehicle-market-164686137.html

  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). http://www.marketsandmarkets.com/Market-Reports/industrial-vehicle-market-164686137.html

  5. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. http://www.marketsandmarkets.com/Market-Reports/industrial-vehicle-market-164686137.html

  6. Contact Us Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.comMarketsandMarkets Bloghttp://twitter.com/marketsmarkets

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