If you are new to TikTikTalk ? Your first verification mail might be in your spam folder.Check there and move it to your inbox to complete registration or account verification process..
Patrocinado
sociofans

Industrial Truck Market, Demand In Depth Studies With Top Vendors by Fact MR

0
579

The industrial truck market is experiencing significant growth, driven by advancements in automation, the expansion of the e-commerce sector, and the increasing demand for efficient material handling solutions. Worldwide revenue from the industrial truck market is estimated at US$ 29.96 billion in 2024 and has been projected to increase at a CAGR of 22.3% to reach US$ 223.66 billion by the end of 2034.

Market Overview

Industrial trucks are specialized vehicles designed for the transportation of goods within factories, warehouses, construction sites, and other industrial settings. They are engineered for enhanced maneuverability and often incorporate mechanized loading and unloading systems to streamline operations. The rising trend toward automation across various industries has positively influenced the demand for industrial trucks. Automation reduces manual labor, enhances safety, and increases productivity, making industrial trucks an integral component of modern material handling and logistics operations.

Key Players

The industrial truck market comprises several key players who contribute significantly to its growth and development. Prominent companies in this sector include:

Anhui Heli Co., Ltd.: A leading manufacturer specializing in the production of forklifts and other industrial vehicles.

BYD Company Limited: Known for its advancements in electric vehicles, BYD produces a range of electric industrial trucks.

Crown Equipment Corporation: A global company offering a comprehensive range of material handling equipment, including forklifts and pallet trucks.

Hyster-Yale Materials Handling, Inc.: Manufactures a wide array of industrial trucks under the Hyster and Yale brand names.

Jungheinrich AG: A German company specializing in warehousing technology and material flow engineering, offering various industrial trucks.

KION Group AG: One of the world's leading providers of industrial trucks and supply chain solutions, with brands like Linde and STILL under its umbrella.

Komatsu Ltd.: A Japanese multinational corporation that manufactures construction, mining, and industrial equipment, including forklifts.

Mitsubishi Logisnext Co., Ltd.: Offers a broad range of forklifts and warehouse equipment designed to enhance productivity.

Toyota Industries Corporation: A global leader in the manufacturing of industrial vehicles, known for its innovative and efficient designs.

These companies are at the forefront of innovation, continually developing new technologies to meet the evolving demands of the industrial sector.

Future Opportunities

The future of the industrial truck market is poised for substantial growth, with several opportunities on the horizon:

Electrification: There is a significant shift toward electric industrial trucks, driven by environmental concerns and stringent emission regulations. Electric trucks are gaining traction over conventional ones, representing the future of the industry.

Automation and Robotics: The integration of automation and robotics into industrial trucks is expected to enhance efficiency and safety, reducing the reliance on manual labor.

E-commerce Expansion: The booming e-commerce sector necessitates efficient warehousing and logistics solutions, increasing the demand for industrial trucks to handle the surge in goods movement.

Emerging Markets: Rapid industrialization in emerging economies presents a significant opportunity for market expansion, as these regions invest in modernizing their material handling infrastructure.

Market Analysis

The industrial truck market is segmented based on product type, power source, and end-use industry.

Product Type: Includes hand trucks, pallet jacks, walkie stackers, pallet trucks, platform trucks, counterbalanced lift trucks, reach trucks, turret trucks, and others.

Power Source: Comprises electric, conventional (internal combustion engine), and manual trucks.

End-Use Industry: Encompasses manufacturing, warehousing, construction, logistics, and others.

The electric truck segment is anticipated to witness significant growth, projected to hold a 71.3% market share by 2034. This surge is attributed to the increasing adoption of electric vehicles due to their environmental benefits and lower operational costs.

Recent Updates and Industry News

The industrial truck industry has seen several noteworthy developments:

Volvo's Market Outlook: Volvo anticipates flat truck and construction equipment markets in the near term due to persistent macroeconomic uncertainties. After years of high demand in Europe and North America, volumes have decreased, with truck orders down by 8.4% and deliveries down by 16% in the third quarter. Freight and construction activities have also declined globally. Despite positive pricing and lower input costs, Volvo's overall adjusted operating margin fell to 11.7%, below the expected 13.1%.

Electric Truck Advancements: Electric trucks, like those produced by Scania, have made significant technological advancements, offering a smoother and quieter driving experience. Despite this, the adoption rate remains low due to infrastructure challenges, with limited charging stations for heavy-duty vehicles, especially in Europe and the UK. Scania and its competitors, such as Daimler and Volvo, are committing to an electric future, intending to phase out diesel trucks in the coming decades. However, the inconsistent supply of batteries and the lack of a public charging network hinder their targets. The transition to electric trucks is anticipated to increase significantly once the charging infrastructure is established, with electric trucks projected to become more cost-efficient by 2031.

Blue Energy Motors' Expansion: Blue Energy Motors, an Indian startup producing liquefied natural gas (LNG)-fueled trucks, plans to raise $100 million by January 2025 to

 

Read more –

As per a newly published research report by Fact.MR, the value of the global sodium amide market stands at US$ 723 million in 2023. Worldwide demand for sodium amide is forecasted to increase at a CAGR of 6.8% and reach a market value of US$ 1.4 billion by 2033.

The global market for harbor deepening solutions is valued at US$ 5.07 billion in 2023. Fact.MR reveals that worldwide revenue from harbor deepening is projected to rise at a CAGR of 3.5% and reach US$ 7.15 billion by 2033-end.

The global UV cured adhesives market is projected to advance at a CAGR of 5.5% from 2023 to 2033. As a result, worldwide demand for UV cured adhesives is expected to increase from a value of US$ 4.54 billion in 2023 to US$ 7.75 billion by 2033-end.

The global white cement market is valued at US$ 6.8 billion in 2023 and is projected to expand at a CAGR of 6.5% to reach US$ 13 billion by 2033-end, according to the latest market study by skilled analysts at Fact.MR.

Global soil compaction machine sales are estimated at US$ 5.4 billion and are forecasted to climb to US$ 10.6 billion by 2033-end. The global soil compaction machines market is projected to expand at a robust 6.8% CAGR over the next ten years.

The global crushing equipment market is valued at US$ 6.35 billion in 2023 and is projected to expand swiftly at a CAGR of 7.5% to reach US$ 13 billion by 2033-end, according to this latest market study by skilled analysts at Fact.MR.

The global automotive heater core market is valued at US$ 7.63 million in 2023 and is forecasted to expand at 3.5% CAGR over the next ten years. Global automotive heater core demand is projected to amass a valuation of US$ 10.76 billion by 2033-end.

 

 

Patrocinado
Patrocinado
Pesquisar
Patrocinado
Categorias
Leia Mais
Networking
Latest News: Substation Automation Market Is Booming Globally Forecast 2030
  The Substation Automation  Market report provides a holistic evaluation of the...
Por siya09 2024-10-23 04:19:00 0 1K
Art
探索Celine的時尚魅力 —— 從波士頓包到凱旋門手提包
在時尚界,celine壹直以其獨特的設計和卓越的品質著稱。今天,讓我們壹起深入探索Celine的世界,特別是那些令人心動的Celine包款,從經典的Celine波士頓包到充滿現代感的Celine...
Por shangban666 2024-10-17 05:49:18 0 1K
Health
Monoclonal Antibody Therapy Market Trends Insights 2023 Growth Rate, Future Trends, Outlook and Opportunities to 2030
Monoclonal Antibody Therapy Market Trends Scope & Overview The market for Monoclonal...
Por wilsonjohn 2024-02-01 07:16:15 0 2K
Networking
Aluminum Powder Market Size, Trends, Scope and Growth Analysis to 2033
According to the Regional Research Reports, the global aluminum powder market size is...
Por Nit234 2023-11-28 06:30:12 0 3K
Networking
Magnetic Nanoparticles Market 2024-2032 | Size, Geographic Scope, Share, Trends and Growth Analysis Report
  What is Magnetic Nanoparticles Market? Magnetic nanoparticles are small particles of...
Por amelia78 2024-04-24 08:23:03 0 2K
Patrocinado