Forklift Truck Market Size And Forecast. Forklift Truck Market size was valued at USD 43.73 Billion in 2020 and is projected to reach USD 68.39 Billion by 2028, growing at a CAGR of 5.80% from 2021 to 2028.. The expansion of the construction sector, combined with rapid industrialization, is one of the primary reasons driving the growth of the Forklift Truck Market.
These trucks are highly preferred for heavy-duty applications such as transport, logistics, construction, and others. Various types of high performance trucks utilized for these applications include pickup trucks, (MDT) medium-duty, and (HDT) heavy-duty trucks. The growing commercial vehicle sale is the major driving factor for the market.
Kefid · Heavy Duty Truck Market is set to cross USD 160 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing domestic and international trading activities across
2 · the truck & trailer market over the coming years E.g., on average, Europe's production of medium/heavy duty trucks and buses >8 t is expected to grow by 1.3% p.a. until 2020. The main growth driver will be Eastern European countries European Trailer production continuously grew by 5% p.a. until 2017 driven by Western Europe. In the coming years the
Kefid · Electric truck Market Statistics 2020-2027: The global electric truck market size was valued at $422.5 million in 2019 and is projected to reach $1,893.1 million by 2027, registering a CAGR of 25.8% from 2020 to 2027. Asia-Pacific accounted for the highest share in the global electric truck market
The global utility truck market size was USD 47.22 billion in 2018 and is projected to reach USD 90.66 billion by 2026, exhibiting a CAGR of 8.7% during the forecast period.
Boom Trucks Market Share, Statistics - Industry Size
Kefid · The increasing advancement in telematics and the rising adoption of easy-to-use interfaces for obtaining a larger consumer base is projected to augment the growth of the global telematics in the heavy equipment market. Telematics deals with the transmission of computerized data via long distances. Construction Industry is Holding Dominant Share on …
Kefid · Market Snapshot Market research and competitive intelligence provider Fact.MR anticipates an increase in sales of rough terrain trucks in 2021 and beyond. According to Fact.MR's report, growth is slated to appear elevated in 2021 and beyond. Staving off of COVID-19 induced recessionary pressures have restored projections across core industries such as …
Industry Trends. Boom Trucks Market size was valued at over USD 2 billion in 2018 and is expected to grow at over 5.5% CAGR from 2019 to 2025.. Get more details on this report - Request Free Sample PDF The increasing government & private sector construction spending across the globe is driving the boom trucks market growth.
Liming · The increasing advancement in telematics and the rising adoption of easy-to-use interfaces for obtaining a larger consumer base is projected to augment the growth of the global telematics in the heavy equipment market. Telematics deals with the transmission of computerized data via long distances. Construction Industry is Holding Dominant Share on …
Liming · Strategic Considerations for Heavy Duty Cranes Market: Synopsis A newly published competitive intelligence report by Market.us has projected an attractive yearly revenue (USD in Mn) revenue growth of the global Heavy Duty Cranes market in 2021. in 2021.
The global electric truck market size was valued at USD 1.48 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 43.3% from 2020 to 2027. Increasing demand in the logistics sector, reduction in the fuel and maintenance costs, and incentives for adopting zero-emission vehicles are some of the key factors driving
[225 Pages Report] The Global Autonomous Truck Market size is projected to reach USD 1,550 million by 2030, from USD 460 million in 2024, at a CAGR of 22.4%. The global semi-autonomous truck market size is projected to reach …
Kefid · The heavy-duty market is also a critical market for reducing energy consumption and emissions, as medium- and heavy-duty trucks consume 25% of the total annual vehicle fuel use and produce 23% of
Electric Truck Market Size, Share, Growth, Forecast by 2027