Sales on a Steep Decline amid COVID-19 Pandemic; Trade Restrictions Put a Major Dent on Industrial Trucks Industry, Finds a New Fact.MR Study

A report by Fact.MR sheds light on some of the prominent trends and opportunities pertaining to the growth of the global Industrial Trucks market. The industrial trends existing in the global Industrial Trucks market have played a vital role in driving sales across the world. The global Industrial Trucks market is at an important crossroads as several growth opportunities fall into the kitty of the leading market vendors. Furthermore, the market has also reaped the benefits of quality assurance fostered by these vendors. The customer base of the Industrial Trucks market has expanded to new regions and territories as the marketing efforts of prominent vendors reap the fruits of excellence. Therefore, it is safe to ascertain that the global Industrial Trucks market would move along a lucrative trajectory in the years to follow.

The global Industrial Trucks market is expected to expand at a stellar CAGR of x.r% over the forecast period ranging from 2020 to 2030. Furthermore, the presence of a seamless industrial and manufacturing sector is projected to take the total worth of the market to XX Mn/Bn by the end of this forecast period.

The COVID-19 pandemic has exerted global shocks in several industries, markets, and sectors. Therefore, it is safe to say that the global Industrial Trucks market is required to focus on minimizing the impacts of the crisis. Disruptions in the supply chain have been the primary cause of market losses, creating a void for several vendors. The global Industrial Trucks market could recover from these shocks through a pragmatic and sound strategy focused on revenue generation and loss minimization.

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The demand and sales forecasts made in the report in question correspond to the following period:

  • History Year: 2015 – 2019
  • Base Year: 2015
  • Estimated Year: 2020
  • Forecast Year: 2020 – 2030

The key regions mentioned in the report in question are: 

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • Japan
  • APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)

The global Industrial Trucks market is expected to witness a surge in demand as government regulations and policies favor the popularity of products sold within the market. There has been a formidable increase in investments made by private and public entities towards improvements in the quality and service of Industrial Trucks products. Henceforth, it is safe to say that the global Industrial Trucks market is slated to touch new heights in terms of demand and sales. The global Industrial Trucks market can be segmented on the basis of:

Based on End-Use

  • Logistics
  • Retail

Manufacturing

  • Food & Beverages
  • Automotive
  • Pharmaceutical
  • Chemical
  • General Manufacturing
  • Aerospace & Defence

Based on Product

  • Hand Truck
  • Two-Wheeled Hand Truck
  • Dolly
  • Floor Hand Truck

Pallet Jack

  • Manual Pallet Jack
  • Powered Pallet Jack

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All of these applications are assessed and analyzed with a pensive eye while considering the various industrial uses of Industrial Trucks products. The following factors pertaining to the expansion of the global Industrial Trucks market have been enunciated in the report: 

  • The impact of industry trends, state policies, and government ordinances on the growth of the global Industrial Trucks market
  • The role of competitors in popularizing their products and causing an uptick in sales across the global Industrial Trucks market
  • Advancements in the technological landscape and their impact on the growth of the global Industrial Trucks market
  • The policies and strategies of leading investors and stakeholders who have dipped their feet into the market.

The report gives a pinpoint view of the strategies of the following leading companies in the global Industrial Trucks market:

  • Komatsu Ltd.
  • Kion Group AG
  • Jungheinrich AG
  • Hyster-Yale Materials Handling, Inc.
  • Others

The report also answers the following questions in relation to the global Industrial Trucks market:

  • How has the growth of the market impacted the investment decisions of leading entities?
  • What is the magnitude of support offered by government entities in enabling the inflow of fresh revenues into the global Industrial Trucks market?
  • What is the role of marketing and promotions in propelling demand within the global Industrial Trucks market?
  • What are the highlights of the competitor landscape, and how would this setting change with the entry of new players?

Why Choose Fact.MR?

Fact.MR follows a multi-disciplinary approach to extract information about various industries. Our analysts perform thorough primary and secondary research to gather data associated with the market. With modern industrial and digitalization tools, we provide avant-garde business ideas to our clients. We address clients living in across parts of the world with our 24/7 service availability.

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