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 offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
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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
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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:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Geography
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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.
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Report link: https://www.technavio.com/report/industrial-truck-market-market-industry-analysis
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