U.S. Markets close in 2 hrs 7 mins

Industrial Truck Market in Trucking Industry|Market Impact and Analysis|Technavio

·3 min read

APAC contributes to the highest incremental growth of 56% to the industrial truck market during the forecast period, as per Technavio.

Anhui Heli Co. Ltd., Caterpillar Inc., and Crown Equipment Corp. are the three major market participants for the industrial truck market.

NEW YORK, July 20, 2021 /PRNewswire/ -- "Growth of e-commerce in several countries and increasing demand from the food and beverage industry will further boost market growth during the forecast period", says a senior analyst at Technavio.

Technavio has announced its latest market research report titled Industrial Truck Market by Product and Geography - Forecast and Analysis 2020-2024
Technavio has announced its latest market research report titled Industrial Truck Market by Product and Geography - Forecast and Analysis 2020-2024

Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
Download a Free Sample Report

The industrial truck market in the trucking industry is expected to reach 221.01 thousand units, progressing at a CAGR of almost 3% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Industrial Truck Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist industrial truck market growth during the next five years

  • Estimation of the industrial truck market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the industrial truck market

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of industrial truck market vendors

Industrial Truck Market 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the industrial truck market. Anhui Heli Co. Ltd., Caterpillar Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Construction Equipment Co. Ltd., Jungheinrich AG, KION GROUP AG, Mitsubishi Heavy Industries Ltd., and Toyota Industries Corp. are some of the major market participants.

  • Industrial Truck Market Size

  • Industrial Truck Market Trends

  • Industrial Truck Market Industry Analysis

This study identifies the increasing demand from the food and beverage industry as one of the prime reasons driving the Industrial Truck Market growth during the next few years.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45265

Reasons to Buy the Report:

  • Leverage latest data mapping the technological advancements

  • Find deeper market insights and forecast information about current market developments.

  • Explore insights on key market accelerating factors.

  • Identify potential threats to market growth.

  • Understand the impact of trends likely to influence market growth positively or negatively.

Key Topics Covered:

  • Executive Summary

  • Market Landscape

  • Market Sizing

  • Five Forces Analysis

  • Market Segmentation by Product

  • Market Segmentation by Geography

  • Customer landscape

  • Geographic Landscape

  • Vendor Landscape

  • Vendor Analysis

  • Appendix

Explore Some of Our Top Selling Reports

Global Automated Guided Vehicle Market- The automated guided vehicle (AGV) market is segmented by product (unit load carrier, tow vehicle, pallet truck, assembly line vehicle, and others) and geography (Europe, APAC, North America, South America, and MEA).
Download Free Sample Report

Global Forklift Trucks Market- The forklift trucks market is segmented by type (Class V, Class III, Class I, Class II, and Class IV) and geography (APAC, Europe, North America, MEA, and South America).
Download Free Sample Report

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Report link: https://www.technavio.com/report/industrial-truck-market-market-industry-analysis

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)

View original content to download multimedia:https://www.prnewswire.com/news-releases/industrial-truck-market-in-trucking-industrymarket-impact-and-analysistechnavio-301336606.html

SOURCE Technavio