Market Overview:
The Global Aisle Truck Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for warehouse and factory automation, rising labor costs, and the growing trend of e-commerce. The Global Aisle Truck Market is segmented on the basis of type into reach truck, turret truck, and order picker. The reach truck segment is expected to hold the largest share in terms of revenue in 2018 owing to its ability to handle heavy loads with ease. On the basis of application, the market is segmented into warehouses, factories, distribution centers, and others (including hospitals and schools). The warehouses segment accounted for majority share in 2017 due to increasing demand for automated warehousing solutions across various industries. Geographically, North America held a major share in 2017 followed by Europe due To high adoption rate of advanced technologies coupled with presence of key players such as Toyota Industries Corporation (Japan), KION Group AG (Germany), Jungheinrich AG (Germany), STILL GmbH (Germany) etc.
Product Definition:
Aisle truck is a device that helps in the movement of goods within a store or warehouse. It consists of a base plate with two uprights and four wheels. The base plate rests on the floor and the uprights support a platform on which goods can be placed. The platform can be moved along the length of the base plate by means of wheels, allowing goods to be transported from one end of the store to another.
Reach Truck:
Reach truck is a type of truck used to deliver products from one location to another in the retail sector. It has an advantage over other types of trucks as it can reach places that are normally difficult for trucks to reach such as small stores and confined spaces. They are also known as “crawl” or “pant” trucks, owing to their ability to creep along the floor on caterpillar tracks.
Turret Truck:
Turret trucks are used to transport goods in a single file on the roads. They have wheels that are fixed in four directions and they can be driven by a single person. The main aim of using this truck is to reduce the number of people for loading and unloading operations which makes it easier for the operator as well as reduces labor cost significantly.
Application Insights:
The distribution centers segment dominated the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for efficient and effective distribution systems. The rising need for cost-effective solutions that can efficiently manage large volumes of inventory is also anticipated to have a positive impact on industry growth over the coming years.
Factories application accounted for 20% of total market share in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030, in terms of revenue, due t othe growing usefulefficient production technologies such as automated storage & retrieval systems along with flexible manufacturing units that allow easy movement between different stages of production process without involving manual transfer operations which are highly labor-intensive and proneto human errors.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to rising demand for automated warehouses and rapid technological advancements in picking, packing, and fulfillment processes. Moreover, increasing investments by companies in order to reduce inventory costs are likely to drive regional product demand over the next eight years.
Asia Pacific is anticipated to emerge as a lucrative region for reach trucks during the same period owing to growing e-commerce activities across emerging economies such as China and India. Furthermore, improving economic conditions in these countries have triggered an increase in consumer spending on various types of retail products including food & beverages; which has led retailers operating distribution centers or warehouse facilities with high stocking density require efficient order fulfillment solutions such as reach trucking systems for prompt delivery of goods at customer doorstep within promised time frames at minimal additional cost.
Growth Factors:
- Increasing demand for online grocery shopping: Aisle Truck offers a convenient and efficient way to shop for groceries, which is driving the growth of the market.
- Rising disposable income: The growing middle-class population is fueling the demand for aisle trucks as they have more disposable income to spend on convenience products such as aisle trucks.
- Proliferation of e-commerce platforms: Aisle Truck manufacturers are benefiting from the proliferation of e-commerce platforms, which is helping them reach a wider audience and drive sales growth.
- Growing urbanization: The trend of urbanization is leading to an increase in the number of households that are living in apartments and condominiums, where space constraints limit the use of traditional refrigerators or pantries, thus driving demand for aisle trucks. 5) Technological advancements: Advancements in technology are making it easier for consumers to order groceries online, which is contributing to market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Aisle Truck Market Research Report
By Type
Reach Truck, Turret Truck, Order Picker
By Application
Warehouses, Factories, Distribution Centers, Others
By Companies
Linde Material Handling, Toyota Material Handling Group, MHE-Demag, Crown, XCMG, Aisle Master, Jungheinrich UK, STILL, Tailift, Doosan, Yale
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Aisle Truck Market Report Segments:
The global Aisle Truck market is segmented on the basis of:
Types
Reach Truck, Turret Truck, Order Picker
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Warehouses, Factories, Distribution Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Linde Material Handling
- Toyota Material Handling Group
- MHE-Demag
- Crown
- XCMG
- Aisle Master
- Jungheinrich UK
- STILL
- Tailift
- Doosan
- Yale
Highlights of The Aisle Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reach Truck
- Turret Truck
- Order Picker
- By Application:
- Warehouses
- Factories
- Distribution Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aisle Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aisle Truck is a truckload freight brokerage company that specializes in the transportation of goods in bulk.
Some of the key players operating in the aisle truck market are Linde Material Handling, Toyota Material Handling Group, MHE-Demag, Crown, XCMG, Aisle Master, Jungheinrich UK, STILL, Tailift, Doosan, Yale.
The aisle truck market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aisle Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aisle Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aisle Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aisle Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aisle Truck Market Size & Forecast, 2020-2028
4.5.1 Aisle Truck Market Size and Y-o-Y Growth
4.5.2 Aisle Truck Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Reach Truck
5.2.2 Turret Truck
5.2.3 Order Picker
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Warehouses
6.2.2 Factories
6.2.3 Distribution Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aisle Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aisle Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Reach Truck
9.6.2 Turret Truck
9.6.3 Order Picker
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Warehouses
9.10.2 Factories
9.10.3 Distribution Centers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Reach Truck
10.6.2 Turret Truck
10.6.3 Order Picker
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Warehouses
10.10.2 Factories
10.10.3 Distribution Centers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Reach Truck
11.6.2 Turret Truck
11.6.3 Order Picker
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Warehouses
11.10.2 Factories
11.10.3 Distribution Centers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Reach Truck
12.6.2 Turret Truck
12.6.3 Order Picker
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Warehouses
12.10.2 Factories
12.10.3 Distribution Centers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Reach Truck
13.6.2 Turret Truck
13.6.3 Order Picker
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Warehouses
13.10.2 Factories
13.10.3 Distribution Centers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aisle Truck Market: Competitive Dashboard
14.2 Global Aisle Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Linde Material Handling
14.3.2 Toyota Material Handling Group
14.3.3 MHE-Demag
14.3.4 Crown
14.3.5 XCMG
14.3.6 Aisle Master
14.3.7 Jungheinrich UK
14.3.8 STILL
14.3.9 Tailift
14.3.10 Doosan
14.3.11 Yale
