Market Overview:
The global industrial utility vehicle 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 electric and gasoline industrial utility vehicles from various end-use industries such as metallurgical, coal, and other applications. Asia Pacific is expected to be the fastest-growing region in the global industrial utility vehicle market during the forecast period owing to the growing demand for these vehicles from countries such as China and India.
Product Definition:
An industrial utility vehicle is a type of truck that is used in industrial or commercial settings. These vehicles are often used to transport goods or to move equipment around a worksite. They can also be used for tasks such as snow removal or landscaping. Industrial utility vehicles are important for businesses because they allow workers to transport materials and equipment efficiently and safely.
Gasoline Industrial Utility Vehicle:
Gasoline (petrol) industrial utility vehicle is a type of commercial motor vehicle, designed to carry heavy loads over long distances in rough terrain with low road grades. They are used for the transportation of goods and materials within factories and warehouses as well as for waste removal from construction sites and mining sites.
U.
Electric Industrial Utility Vehicle:
Electric industrial utility vehicle (EIV) is a type of electric commercial van or pickup truck used to carry heavy loads within an industrial facility. They are commonly known as tippers and are often used in loading and unloading operations.
They have low operating costs, better fuel economy, and can be operated by a single person without any assistance.
Application Insights:
The other application segment includes the automotive industry, construction and mining. In 2017, this segment accounted for over 40% of the overall demand in global industrial utility vehicle market. The growth can be attributed to various factors such as growing urbanization leading to increased requirement of vehicles in logistics and transportation of materials within a city; rapid expansion of mining activities across various regions coupled with increasing coal production is expected to drive the demand for these vehicles over the forecast period.
Metallurgical industry was one of the largest segments accounting for around 25% share in 2017 owing to rising requirement from iron and steel manufacturing companies such as Rio Tinto Group, BHP Billiton Ltd., Vale SA., etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing robust economic growth on account of rapid industrialization and urbanization. Countries such as China, India, Indonesia, Vietnam have been experiencing strong GDP growth rates on account of increasing foreign investments in various sectors such as manufacturing, construction activities etc. This is likely to boost industry expansion over the next eight years.
China accounted for a major share owing to large-scale production of vehicles in this country due to cheap labor cost and easy availability of raw materials including steel and aluminum at lower prices which are crucial for vehicle production costs.
Growth Factors:
- Increasing demand for industrial utility vehicles from the logistics and transportation sector as a result of growth in e-commerce
- Rising demand for electric industrial utility vehicles from the automotive sector to meet stringent emission norms
- Growing popularity of green industrial utility vehicles owing to their fuel efficiency and low emissions
- Proliferation of rental/ leasing services for industrial utility vehicles, which is aiding market growth by making these vehicles more accessible to end users
- Technological advancements in the design and manufacturing of industrial utility vehicles that are resulting in improved performance, fuel efficiency, and safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Utility Vehicle Market Research Report
By Type
Gasoline Industrial Utility Vehicle, Electric Industrial Utility Vehicle
By Application
Metallurgical Industry, Coal Industry, Other
By Companies
Suzuki, Yamaha, Honda, John Deere, AIXAM MEGA, GOUPIL, Wesley International Corporation, Suzuki
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Utility Vehicle Market Report Segments:
The global Industrial Utility Vehicle market is segmented on the basis of:
Types
Gasoline Industrial Utility Vehicle, Electric Industrial Utility Vehicle
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
Metallurgical Industry, Coal Industry, Other
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:
- Suzuki
- Yamaha
- Honda
- John Deere
- AIXAM MEGA
- GOUPIL
- Wesley International Corporation
- Suzuki
Highlights of The Industrial Utility Vehicle 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:
- Gasoline Industrial Utility Vehicle
- Electric Industrial Utility Vehicle
- By Application:
- Metallurgical Industry
- Coal Industry
- Other
- 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 Industrial Utility Vehicle 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?
An industrial utility vehicle (IUV) is a type of vehicle that is designed for use in industrial settings, such as factories and warehouses. IUVs are typically smaller than traditional trucks and cars, making them easier to maneuver in tight spaces. They also have features that make them more efficient at carrying cargo or transporting workers.
Some of the key players operating in the industrial utility vehicle market are Suzuki, Yamaha, Honda, John Deere, AIXAM MEGA, GOUPIL, Wesley International Corporation, Suzuki.
The industrial utility vehicle market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Utility Vehicle 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 Industrial Utility Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Utility Vehicle 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 Industrial Utility Vehicle 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 Industrial Utility Vehicle Market Size & Forecast, 2020-2028
4.5.1 Industrial Utility Vehicle Market Size and Y-o-Y Growth
4.5.2 Industrial Utility Vehicle 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 Gasoline Industrial Utility Vehicle
5.2.2 Electric Industrial Utility Vehicle
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 Metallurgical Industry
6.2.2 Coal Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Utility Vehicle 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 Industrial Utility Vehicle 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 Gasoline Industrial Utility Vehicle
9.6.2 Electric Industrial Utility Vehicle
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 Metallurgical Industry
9.10.2 Coal Industry
9.10.3 Other
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 Gasoline Industrial Utility Vehicle
10.6.2 Electric Industrial Utility Vehicle
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 Metallurgical Industry
10.10.2 Coal Industry
10.10.3 Other
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 Gasoline Industrial Utility Vehicle
11.6.2 Electric Industrial Utility Vehicle
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 Metallurgical Industry
11.10.2 Coal Industry
11.10.3 Other
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 Gasoline Industrial Utility Vehicle
12.6.2 Electric Industrial Utility Vehicle
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 Metallurgical Industry
12.10.2 Coal Industry
12.10.3 Other
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 Gasoline Industrial Utility Vehicle
13.6.2 Electric Industrial Utility Vehicle
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 Metallurgical Industry
13.10.2 Coal Industry
13.10.3 Other
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 Industrial Utility Vehicle Market: Competitive Dashboard
14.2 Global Industrial Utility Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Suzuki
14.3.2 Yamaha
14.3.3 Honda
14.3.4 John Deere
14.3.5 AIXAM MEGA
14.3.6 GOUPIL
14.3.7 Wesley International Corporation
14.3.8 Suzuki
