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

North America Industrial Vehicles Market is projected to witness growth over the upcoming years. The rising industrialization and digitalization have increased the demand for industrial vehicles in North America. Manufacturing and e-commerce industries are dependent on industrial vehicles for their day-to-day operations like material handling and transportation of raw materials, semi-finished products, and finished product. Further, the increasing number of warehouses and technological advancements helps in increasing the growth of the industrial vehicles market in North America. Moreover, increasing demand for battery-operated industrial vehicles is another factor anticipated to boost the growth of the market. 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 North America.

According to 6Wresearch, the North America Industrial Vehicles Market size is anticipated to register growth during 2020-26. North America region will expect to grow in the forecast period due to the rising popularity of driverless industrial vehicles, increasing need for warehouses, rising number of technological advancements to enhance productivity, increasing usages of battery-operated industrial vehicles. U.S.A, Canada and other key countries are major contributors in North America to the industrial vehicles market. E-commerce companies such as Amazon and eBay are majorly driven by the industrial vehicles market due to the increase in the number of massive warehouses set up. Further, they require industrial vehicles to stack large quantities of products and also transportation of the stocked goods from the warehouse to the end-user cost-effectively and efficiently. Moreover, government regulations for controlling the carbon-dioxide emissions plus the increase in fuel prices is expected to boom the sales of fuel-efficient industrial vehicles such as battery-operated industrial vehicles.

Based on product type, the market in North 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.

North America Industrial Vehicles Market report thoroughly covers the market by product type, drive type, application and countries including the United States of America and Canada. North America industrial vehicles market outlook report provides an unbiased and detailed analysis of the on-going market 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

• North America Industrial Vehicles Market Outlook
• North America Industrial Vehicles Market Overview
• North America Industrial Vehicles Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of North 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 Canada Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for United States and North America Industrial Vehicles Market
• Market Drivers and Restraints
• North America Industrial Vehicles Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North 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:
• United States
• Canada

Frequently Asked Questions About the Market Study (FAQs):