A recent report published by Infinium Global Research on industrial personnel and burden carriers (electric) market provide in-depth analysis of segments and sub-segments in global as well as regional industrial personnel and burden carriers (electric) market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional industrial personnel and burden carriers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global industrial personnel and burden carriers market. According to the report, the global industrial personnel and burden carriers market are projected to grow at a CAGR 7.6% over the forecast period of 2016-2024.
Industrial Personnel and burden carriers are the vehicles designed to be driven on the smooth area in the industrial plants that carry goods or people. Burden carriers can travel at a maximum rate of speed 8 mph to 20 mph on a level surface. They are used in the parking lots to move the goods in the industrial plant premises. These vehicles are lower in maintenance expenses and reduce emission due to the use of battery vehicles. Personnel and burden carrier’s speed if exceeded it may result in motor damage, steering handling and loss of control.
Increasing the availability of cheaper labor and rising population across the globe is the driving factor for the growth of global industrial personnel and burden carriers market. Surging demand for electric vehicles in the industrial sector for reduction of emission as government taking initiative for the environmental welfare globally drives the global industrial personnel and burden carriers market. Lack of infrastructure development in many countries to recharge and plug-in facilities may hamper the growth of the industrial personnel and burden carriers market.
Among the geographic, the Asia Pacific region is exhibiting significant share in industrial personnel and burden carriers market during the forecast period. Rising disposable income, rapid population coupled with improving the standard of living is projected to boost the growth of industrial personnel and burden carriers market. In addition, the government taking initiative for increasing adoption of electric vehicles for the reduction of CO2 emission for protecting the environment. Increasing usage of personnel and burden carriers in various industries such as automotive, textile, oil and gas, cement and coal in the Asia-Pacific region as they are used to carry goods within the industry with low fuel or electricity consumption. The North America region is projected to expand at the highest CAGR over the forecast period as the rapid growth of infrastructure development to recharge and plug-in the electric vehicles. A growing number of major key players in industrial personnel and burden carriers market in the Middle East and Africa is projected to grow with significant CAGR during the forecast period.
The report on global industrial personnel and burden carriers market covers segments such as product type and carrier load capacity. On the basis of product type, the global industrial personnel and burden carriers market is categorized into burden carriers, personnel carriers. On the basis of carrier load capacity, the global industrial personnel and burden carriers market are categorized into less than 1000 LBS, 1000 to 5000 LBS, 5000 to 10,000 LBS and 10,000 LBS.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2016-2024.
The report provides profiles of the companies in the global industrial personnel and burden carriers market such as Columbia Par Car Corporation, Bradshaw Electric Vehicles, E-Z-GO, Pack Mule, and Motrec International, Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global industrial personnel and burden carriers (electric) market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial personnel and burden carriers (electric) market. Moreover, the study highlights current market trends and provides forecast from 2016-2024. We also have highlighted future trends in the industrial personnel and burden carriers (electric) market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers and distributors of the industrial personnel and burden carriers (electric) market to understand the present and future trends in this market and formulate their strategies accordingly.
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