Market Overview:
The global warehouse vehicles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for warehouse vehicles from various end-use industries, such as food & beverage, retail, chemicals, and others. In terms of type, the counterbalance lift truck segment is expected to lead the global warehouse vehicles market during the forecast period. This can be attributed to its high demand from various end-use industries across different regions.
Product Definition:
Warehouse Vehicles are vehicles used to transport goods within a warehouse. They are important because they make it easier to move goods around and can help speed up the process of getting products out to customers.
Counterbalance Lift Truck:
Counterbalance lift truck is a self-propelled mobile lifting device used to raise and lower heavy loads. It is also known as rolling lift, scissor lift, or forklift truck. These vehicles are widely used in warehouses for material handling operations. The growing e-commerce industry has led to an increase in the demand for warehouse storage and distribution facilities globally which has further propelled the growth of this market.
Narrow Aisle Trucks:
Narrow aisle trucks are used to store products in the warehouse. They have a smaller footprint which helps in saving space and also aids in reducing costs related to storage, loading and unloading of goods. Narrow aisle trucks can be utilized for the transportation of heavy as well as light weight products making them ideal for use across various industries including food & beverage, automotive, consumer electronics among others.
Application Insights:
The food and beverage application segment led the global warehouse vehicles market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in e-commerce activities, which has resulted in an increased need for storage and distribution facilities.
The retail industry uses warehouses for storing inventory from different departments such as manufacturing, FMCG (Food & Consumer Goods), etc., until it is sold through stores or directly to customers through online channels. The rise of e-commerce has resulted in an increased number of storage locations across the globe as retailers are no longer able to store products at their location; therefore they opt for off-site storage solutions that offer flexible packaging options along with temperature control facilities suitable for perishable goods such as food products and cosmetics among others. These factors are anticipated to drive demand over the coming years.
Regional Analysis:
The Asia Pacific region accounted for the largest share of over 40% in 2017. The growth is attributed to rising investments in automation and innovations across various industries. Furthermore, increasing demand for goods from emerging economies such as China and India has led to an increase in the number of warehouses, thereby driving the adoption of wide aisle trucks.
North America is expected to be one of the fastest-growing regions owing to high demand from several industries including food & beverage, retail, and others that require heavy equipment with low visibility. Moreover, growing concerns regarding safety coupled with stringent regulations by regulatory bodies such as OSHA are anticipated to drive industry growth over the forecast period.
Growth Factors:
- Increasing demand for warehouse vehicles from the e-commerce sector
- Growing demand for warehouse vehicles from the automotive sector
- Rising adoption of automated warehousing systems
- Proliferation of small and medium-sized businesses (SMBs)
- Increasing investment in research and development (R&D) by leading players to develop new technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Warehouse Vehicles Market Research Report
By Type
Counterbalance Lift Truck, Narrow Aisle Trucks, Tow Trucks, Pallet Trucks, Others
By Application
Food & Beverage, Retail, Chemicals, Others
By Companies
Crown, Jungheinrich, KION, Toyota, Conhersa, Douglas Equipment, Godrej Material Handling, Hyster, Lokpal Industries, Mighty Lift, Crown, Noveltek, Pallettrucksuk, Patel Material Handling Equipment, Puma Lift Trucks, Rico Manufacturing, Sroka, Still Materials Handling, The Raymond, 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Warehouse Vehicles Market Report Segments:
The global Warehouse Vehicles market is segmented on the basis of:
Types
Counterbalance Lift Truck, Narrow Aisle Trucks, Tow Trucks, Pallet Trucks, Others
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
Food & Beverage, Retail, Chemicals, 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:
- Crown
- Jungheinrich
- KION
- Toyota
- Conhersa
- Douglas Equipment
- Godrej Material Handling
- Hyster
- Lokpal Industries
- Mighty Lift
- Crown
- Noveltek
- Pallettrucksuk
- Patel Material Handling Equipment
- Puma Lift Trucks
- Rico Manufacturing
- Sroka
- Still Materials Handling
- The Raymond
- Yale
Highlights of The Warehouse Vehicles 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:
- Counterbalance Lift Truck
- Narrow Aisle Trucks
- Tow Trucks
- Pallet Trucks
- Others
- By Application:
- Food & Beverage
- Retail
- Chemicals
- 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 Warehouse Vehicles 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
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- Consumer Insights
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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?
Warehouse vehicles are large, heavy trucks used to transport goods in warehouses. They are typically equipped with large wheels and a low center of gravity to help them move around the warehouse easily.
Some of the major companies in the warehouse vehicles market are Crown, Jungheinrich, KION, Toyota, Conhersa, Douglas Equipment, Godrej Material Handling, Hyster, Lokpal Industries, Mighty Lift, Crown, Noveltek, Pallettrucksuk, Patel Material Handling Equipment, Puma Lift Trucks, Rico Manufacturing, Sroka, Still Materials Handling, The Raymond, Yale.
The warehouse vehicles 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 Warehouse Vehicles 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 Warehouse Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Warehouse Vehicles 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 Warehouse Vehicles 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 Warehouse Vehicles Market Size & Forecast, 2020-2028
4.5.1 Warehouse Vehicles Market Size and Y-o-Y Growth
4.5.2 Warehouse Vehicles 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 Counterbalance Lift Truck
5.2.2 Narrow Aisle Trucks
5.2.3 Tow Trucks
5.2.4 Pallet Trucks
5.2.5 Others
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 Food & Beverage
6.2.2 Retail
6.2.3 Chemicals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Warehouse Vehicles 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 Warehouse Vehicles 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 Counterbalance Lift Truck
9.6.2 Narrow Aisle Trucks
9.6.3 Tow Trucks
9.6.4 Pallet Trucks
9.6.5 Others
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 Food & Beverage
9.10.2 Retail
9.10.3 Chemicals
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 Counterbalance Lift Truck
10.6.2 Narrow Aisle Trucks
10.6.3 Tow Trucks
10.6.4 Pallet Trucks
10.6.5 Others
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 Food & Beverage
10.10.2 Retail
10.10.3 Chemicals
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 Counterbalance Lift Truck
11.6.2 Narrow Aisle Trucks
11.6.3 Tow Trucks
11.6.4 Pallet Trucks
11.6.5 Others
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 Food & Beverage
11.10.2 Retail
11.10.3 Chemicals
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 Counterbalance Lift Truck
12.6.2 Narrow Aisle Trucks
12.6.3 Tow Trucks
12.6.4 Pallet Trucks
12.6.5 Others
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 Food & Beverage
12.10.2 Retail
12.10.3 Chemicals
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 Counterbalance Lift Truck
13.6.2 Narrow Aisle Trucks
13.6.3 Tow Trucks
13.6.4 Pallet Trucks
13.6.5 Others
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 Food & Beverage
13.10.2 Retail
13.10.3 Chemicals
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 Warehouse Vehicles Market: Competitive Dashboard
14.2 Global Warehouse Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crown
14.3.2 Jungheinrich
14.3.3 KION
14.3.4 Toyota
14.3.5 Conhersa
14.3.6 Douglas Equipment
14.3.7 Godrej Material Handling
14.3.8 Hyster
14.3.9 Lokpal Industries
14.3.10 Mighty Lift
14.3.11 Crown
14.3.12 Noveltek
14.3.13 Pallettrucksuk
14.3.14 Patel Material Handling Equipment
14.3.15 Puma Lift Trucks
14.3.16 Rico Manufacturing
14.3.17 Sroka
14.3.18 Still Materials Handling
14.3.19 The Raymond
14.3.20 Yale
