Latin America Industrial Vehicles Market (2020-2026) | Share, Revenue, Outlook, Analysis, Value, Trends, Companies, Size, COVID-19 IMPACT, Forecast, Industry & Growth

Latin America Industrial Vehicles Market is likely to witness growth over the coming years. The rise in globalization and industrialization coupled with increased foreign trade of bulk commodities has given rise to the industrial vehicles market in Latin America. The growth in cargo transport through industrial vehicles by marine, airways and roadways has gained a massive pace in this region as it is the most likely option. Further, rising e-commerce businesses have necessitated the industrial vehicles market. Moreover, advancement in information and communication technology has introduced various applications for the growth of the industrial vehicles market in Latin America. However, the Covid-19 pandemic is affecting the economy in different ways such as directly upsetting production and demand, generating supply chain disruption, and reducing the demand for the industrial vehicles market in Latin America.

According to 6Wresearch, Latin America Industrial Vehicles Market size is anticipated to register growth during 2020-26. Latin America regions such as Brazil, Mexico, Argentina and the Rest of Latin America are key contributors to the industrial vehicles market. The increase in trade at seaports in the region is fueling the growth of the industrial vehicles market in Latin America. Further, at seaports, the industrial vehicles are used for loading & unloading purposes and material handling processes. Furthermore, the rising cargo traffic at the ports, thereby, raises the demand for forklift trucks. Argentina has a significantly large number of internet users, which has fueled the growth of the e-commerce sector in the country. Moreover, numerous e-commerce giants are seeking to enlarge their business in the country. The progress of the e-commerce sector in Argentina is thereby fueling the growth of the industrial vehicles market. Additionally, government regulations and policies for the advancement of industrial vehicles with high performance owing to the growing need for fuel efficiency and green technology-based vehicles

Based on product type, Latin America is bifurcated into aisle trucks, forklifts, container handlers, and tow tractors. The container handlers segment is dominating the market due to large material handling, high reliability. Based on the drive type, the ICE segment holds the largest share in the global industrial vehicles market due to better acceleration, lift speeds and lower maintenance costs.

Latin America Industrial Vehicles Market report thoroughly covers the market by product type, drive type, application and countries including Brazil, Mexico, Argentina, Chile and the rest of Latin America. The industrial vehicles market outlook report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Latin America Industrial Vehicles Market Outlook
• Latin America Industrial Vehicles Market Overview
• Latin America Industrial Vehicles Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America Industrial Vehicles Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Drive Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Mexico and Latin America Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Latin America Industrial Vehicles Market
• Market Drivers and Restraints
• Latin America Industrial Vehicles Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Industrial Vehicles Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Drive Type:
• Internal Combustion Engine
• Battery-operated
• Gas-powered
• By Application:
• Industrial
• Cargo
• By Product Type:
• Forklift
• Tow Truck
• Aisle Truck
• Container Handler
• By Countries:
• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Frequently Asked Questions About the Market Study (FAQs):