According to SPER Market Research, the Industrial Vehicles Market Report improves efficiency by providing more storage space due to its ability to operate in significantly narrower aisles. Aisle trucks are in high demand due to their efficiency, dependability, and low operating costs. Aisle trucks also offer several advantages, such as improved load/lift capability in tight spaces, as well as comfort and safety. As a result, the aisle truck market sector is growing and is expected to grow further in the industrial vehicle industry.
Over the forecast period, aisle trucks are expected to be the fastest-growing vehicle type segment. A vehicle known as an aisle truck is used to transport and stack items in 8 to 9 12-foot wide aisles. It usually has stand-up riders and is powered by electric motors.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 4.2%
- Forecast Market Size (2030): 60.73 Billion
As the demand for battery-powered industrial vehicles grows and smart factories enter the material handling sector, the market will see new growth opportunities. Industrial vehicle companies are focusing on the development of innovative products, particularly electric industrial vehicles.
Impact of COVID-19 on the Global Industrial Vehicles Market:
COVID-19 is expected to have the greatest negative impact on FDI investments in the energy, automobile, and aviation sectors. As a result of the COVID-19 outbreaks occurring all over the world, the supply of raw materials is a concern for manufacturers of automobiles, chemicals, electronics, and airplanes. The COVID-19 epidemic, which has disrupted component supply, has caused consumer electronics and smartphone manufacturers to reduce manufacturing activities and delay the release of new products.
Global Industrial Vehicles Market Insights, Size, and Growth Forecast To 2030
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Freight & Logistics
- Forklifts (<5 Ton, 5-10 Ton, 11-36 Ton, >36 Ton)
- Aisle Truck (<1 Ton, 1-2 Ton, >2 Ton)
- Tow Tractors (<5 Ton, 5-10 Ton, 11-30 Ton, >30 Ton)
- Container Handlers (<30 Ton, 30-40 Ton, >40 Ton)
- Battery operated
Aerial Work Platform:
- Boom Lifts
- Scissor Lifts
Level of Autonomy:
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
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