Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Industrial Vehicles Market Research Report | Page 3

Global In-flight Advertising Market Research Report: Forecast to 2023
Global Industrial Vehicles Market Information Report by Product type (Forklift, Tow
Tractor, Aisle Truck, Container Handler, Others), by drive type (Internal Combustion
Engine, Battery-Operated, Gas-Powered and Others), By Application (Industrial, Cargo
and Others) and By Region - Global Forecast To 2022
Market Scenario
Industrial vehicle can be defined as any vehicle which is useful to carry, push, pull, lift,
stack or tier materials for use in industries. The various types of industrial vehicles are
used by different industries such as tow tractors, utility vehicles, burden carriers and
stock chasers among others. Industrial vehicles facilitate the movement of goods
efficiently and safely with no or very low emissions.
The industrial vehicles market is majorly driven by the increase in the number of huge
warehouses set up by the e-commerce companies such as Amazon, eBay and others.
These e-commerce warehouses majorly require the industrial vehicles to stack up large
quantities of the products and also transportation of the stocked goods from the
warehouse to the end user in a cost-effective and efficient manner. The market is also
driven by the increase in use of battery operated industrial vehicles with increasing
awareness about the environment and with the government regulations for controlling
the carbon-dioxide emissions from industrial vehicles. The increase in the fuel prices is
expected to boom the sales of the fuel efficient industrial vehicles such as battery
operated industrial vehicles. The increase in need of transporting the temperature
sensitive products fuel the demand of refrigerated industrial vehicles.
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