Market Overview:
The global VNA truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for warehouse and distribution center automation, rising labor costs, and the growing trend of e-commerce. The reach truck segment is expected to hold the largest share of the global VNA truck market in 2018, owing to its ability to handle heavy loads and navigate through tight spaces. The turret truck segment is projected to grow at a higher CAGR during the forecast period as it offers faster loading and unloading times as compared with other types of trucks. In terms of application, warehouses are expected to account for the majority share of the global VNA truck market in 2018.
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Product Definition:
A VNA truck is a type of forklift that is specifically designed for moving goods in tight spaces. These trucks are narrower than traditional forklifts, which allows them to navigate through tight aisles and corridors. This makes them ideal for use in warehouses and other facilities where there is limited space.
Reach Truck:
Reach truck is a special kind of truck used to load and unload goods from the storage facility to the point of sale. It has an advantage over other trucks in that it can be loaded at one end and unloaded at another without any intermediate handling or storage. The reach truck concept helps in reducing costs related to inventory, which results in increased profit margin for the retailer.
Turret Truck:
Turret truck is a specialized truck with a mounted camera that can be used to film the loading and unloading of goods at retail stores. The main aim of using this type of truck is to provide an enhanced view of the product while loading or unloading, which helps in increasing customer satisfaction level.
Application Insights:
The warehouses segment dominated the global very narrow aisle trucks market in 2017. The growth of this segment can be attributed to the growing demand for storage and distribution facilities, which are majorly used for long-term storage purposes. Furthermore, rising demand for e-commerce has led to an increased number of warehouse facilities across the globe. This is likely to augment product demand over the forecast period.
Factories application segment is expected register a CAGR of XX% from 2018 to 2030 owing to their use in various industries such as automotive, consumer electronics, medical equipment and appliances among others where high precision and safety are required by manufacturers. In addition, these trucks have been witnessing increasing adoption by OEMs (original equipment manufacturers) due to its ability provide enhanced mobility on factory floors with improved visibility ensuring safe operations at all times without compromising productivity levels or quality standards desired by customers worldwide since 2016 when it was introduced into North America market under brand name Western Star Ltd.
Regional Analysis:
Asia Pacific dominated the global very narrow aisle trucks market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing industrialization and rapid development of industries, especially in China and India. Furthermore, rising demand for consumer goods along with improving warehousing & storage facilities are anticipated to drive regional growth over the next eight years.
The Asia Pacific was followed by North America which accounted for a share of more than 20% in 2017 owing to high demand from end-use industries such as distribution centers and warehouses that aid e-commerce companies along with other small & medium enterprises (SMEs). Moreover, growing trend towards automation is further expected to fuel regional growth during the forecast period.
Growth Factors:
- Increasing demand for warehouse and distribution space: The growth of e-commerce is fueling the demand for warehouse and distribution space. This is driving the adoption of VNA trucks as they offer more storage capacity in a smaller footprint.
- Rising labor costs: As labor costs continue to rise, businesses are looking for ways to optimize their operations and improve efficiency. VNA trucks allow businesses to achieve this by allowing operators to move goods around a warehouse more quickly and efficiently than traditional forklifts.
- Advances in technology: The development of new technologies such as autonomous vehicles is helping to drive the growth of the VNA truck market. Autonomous vehicles can help reduce labor costs, improve safety, and increase efficiency in warehouses operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Very Narrow Aisle Trucks (VNA Truck) Market Research Report
By Type
Reach Truck, Turret Truck
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, Hyster
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Very Narrow Aisle Trucks (VNA Truck) Market Report Segments:
The global Very Narrow Aisle Trucks (VNA Truck) market is segmented on the basis of:
Types
Reach Truck, Turret Truck
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
- Hyster
 Market Overview.svg)
Highlights of The Very Narrow Aisle Trucks (VNA 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
- 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 Very Narrow Aisle Trucks (VNA 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
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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?
Very narrow aisle trucks (VNA truck) are a type of truck that have a minimum width of 18 inches. This is in contrast to standard trucks, which have a minimum width of 42 inches. VNA trucks are often used in warehouses and other industrial settings where there is limited space.
Some of the major players in the very narrow aisle trucks (vna truck) market are Linde Material Handling, Toyota Material Handling Group, MHE-Demag, Crown, XCMG, Aisle Master, Jungheinrich UK, STILL, Tailift, Doosan, Yale, Hyster.
The very narrow aisle trucks (vna truck) 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 Very Narrow Aisle Trucks (VNA 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 Very Narrow Aisle Trucks (VNA Truck) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Very Narrow Aisle Trucks (VNA 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 Very Narrow Aisle Trucks (VNA 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 Very Narrow Aisle Trucks (VNA Truck) Market Size & Forecast, 2020-2028
4.5.1 Very Narrow Aisle Trucks (VNA Truck) Market Size and Y-o-Y Growth
4.5.2 Very Narrow Aisle Trucks (VNA 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
5.3 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 Very Narrow Aisle Trucks (VNA 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 Very Narrow Aisle Trucks (VNA 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
9.7 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
10.7 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
11.7 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
12.7 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
13.7 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 Very Narrow Aisle Trucks (VNA Truck) Market: Competitive Dashboard
14.2 Global Very Narrow Aisle Trucks (VNA 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
14.3.12 Hyster
