Lewes, DE -- (SBWire) -- 12/11/2015 --Report forecast the global industrial trucks market to grow at a CAGR of 4.30%, In terms of volume over the period 2014-2019.
Industrial trucks are used to transfer materials over variable paths without any restrictions on the area covered. It offers vertical movement if the truck has lifting capabilities. Industrial trucks are used when there is insufficient flow volume and the usage of a conveyor cannot be justified. It provides more flexibility in movement than conveyors and cranes. Industrial trucks are not permitted to travel on public roads.
This report covers the present scenario and the growth prospects of the global industrial truck market for the period 2015-2019. To calculate the market size, the report considers revenue obtained from the sales of industrial trucks.
The report includes two broad categories of market segmentation:
- Product
- Geography
According to the report, there is an enormous competition in heavy industries, and production costs need to be kept low for long-term sustenance. Industrial trucks enable cost reduction by increasing operational efficiency and improving the order-to-delivery cycle. Large conveyors and industrial trucks are the main requirements in these industries. Heavy industries are dependent on industrial trucks for production, storage, and distribution of materials. These heavy industries are the biggest drivers of the growth of the industrial truck industry.
Further, the report states that the global industrial trucking industry is falling short in the management of its fleet operations because of a severe dearth of qualified truck drivers.
Global Industrial Truck Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC, Europe, North America, and ROW regions; it also covers the global industrial truck market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
key players in the Global Industrial Truck Market: Crown Equipment, Hyster-Yale, Jungheinrich, KION Group and Toyota Industries
Other Prominent Vendors in the market are: Allied Conveyor Systems, Caterpillar, Dearborn Mid-West Conveyor, Dorner Conveyors, Dynamic Conveyor, Fives Group, FlexLink, FMC Technologies, Intelligrated, Interroll, Kardex, Knapp Logistik Automation, Legris Industries, Mecalux, Murata Machinery, Nordstrong, Redler, RUD, Shuttleworth, Swisslog, Taikisha, TGW Logistics Group, Vanderlande, Viastore Systems, Westfalia Technologies and Witron
Key regions
- APAC
- Europe
- North America
- ROW
Market driver
- Rapid growth of organized retail sector in emerging economies
- For a full, detailed list, view our report
Market challenge
- Shortage of skilled truck drivers
- For a full, detailed list, view our report
Market trend
- Adoption of eco-friendly vehicles
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be
- What are the key market trends
- What is driving this market
- What are the challenges to market growth
- Who are the key vendors in this market space
- What are the market opportunities and threats faced by the key vendors
- What are the strengths and weaknesses of the key vendors
Spanning over 56 pages and 28 Exhibit "Global Industrial Truck Market 2015-2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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