The Business Research Company’s Industrial Vehicle Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Industrial Vehicle Global Market Report 2023 evaluates template market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global industrial vehicle market is expected to grow from $43.21 billion in 2022 to $46 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services affecting many markets across the globe. The industrial vehicle market is expected to reach $56.98 billion in 2027 at a CAGR of 5.5%.
The growing e-commerce industry is expected to propel the growth of the industrial vehicle market going forward. E-commerce refers to buying and selling goods and services and sending money or data through an electronic network, often the Internet. With the surge in online orders, logistics companies are expanding their vehicle fleets to meet the increasing delivery volumes. Industrial vehicles are essential for the efficient and timely transportation of goods, ensuring customer satisfaction in the e-commerce sector. For instance, in September 2022, according to the International Trade Administration, a US-based Department of Commerce, consumer eCommerce in the UK is up by 30% of the UK’s overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. Therefore, the growing e-commerce industry is driving the growth of the industrial vehicle market.
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The template market segments in the report are:
1) By Product Type: Forklift, Tow Tractor, Aisle Truck, Container Handler
2) By Drive Type: Internal Combustion Engine (ICE), Battery-Operated, Gas-Powered
3) By Level of Autonomy: Non Or Semi-Autonomous, Autonomous
4) By Application: Manufacturing, Warehousing, Freight And Logistics, Other Applications
The table of contents in TBRC’s template market report includes:
1. Executive Summary
2. Industrial Vehicle Market Characteristics
3. Industrial Vehicle Market Trends And Strategies
4. Industrial Vehicle Market – Macro Economic Scenario
5.1. Global Industrial Vehicle Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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32. Global Industrial Vehicle Market Competitive Benchmarking
33. Global Industrial Vehicle Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Vehicle Market
35. Industrial Vehicle Market Future Outlook and Potential Analysis
36. Appendix
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