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.
Technavio's analysts forecast the global industrial trucks market to grow at a CAGR of 4.30%, In terms of volume over the period 2014-2019.
Covered in this report
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 Technavio's report, the 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.
APAC Europe North America ROW Key vendors
Crown Equipment Hyster-Yale Jungheinrich KION Group Toyota Industries Other prominent vendors
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 Witron 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
Technavio Announces the Publication of its Research Report Global Industrial Truck Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Industrial Truck Market: Crown Equipment, Hyster-Yale, Jungheinrich, KION Group and Toyota Industries
Commenting on the report, an analyst from Technavios team said: Although market vendors are focussing on providing different types of transportation services, it has become tedious for shippers to outsource varied tasks to different vendors. The market is witnessing a trend where shippers are opting for industrial truck providers that provide a one-stop solution and all the services needed.
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.