The global industrial personnel and burden carrier (electric) market was valued at USD 98.9 million in 2014, growing at a CAGR of 8.2% from 2015 to 2021.
Albany, NY -- (SBWIRE) -- 12/30/2015 -- Industrial personnel and burden carrier (electric) plays an important role in the reduction of operating cost, improving operational efficiency and better utilization of raw materials within the factories, warehouses, ports, and manufacturing hub among others. Industrial personnel and burden carrier (electric) helps to achieve more efficient operations, better equipment handling, transporting materials and people within the factory premises. Industrial personnel and burden carrier (electric) provide more efficiency, higher productivity and increased comfort in work place.
In addition, Industrial personnel and burden carrier (electric) are mainly used in factories, manufacturing hubs, warehouses, ports, and others for transporting heavy loaded equipment and materials. Owing to the advantages associated with industrial personnel and burden carrier (electric), their usage has increased across different verticals such as warehouse, cement industry, real estate, retail sector and others. Globally, industrial burden carrier has a larger market size as compared to the market size of industrial personnel carrier.
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The market is primarily driven by increasing industrialization in developing countries of Asia Pacific. Growth in industries such as automotive, coal, oil, textile, information technology, cement, and real estate is driving the industrial personnel and burden carrier (electric) market. Additionally, increasing need for improvement in operational efficiency within factories is driving the growth of this market. In order to stay competitive, companies need to improve flexibility, visibility, and operational performance across their manufacturing processes, owing to which there is a surge in demand for such vehicles across various industry verticals. Furthermore, the growing adoption of electric vehicles by consumers around the world is in turn influencing the increasing demand for industrial personnel and burden carrier (electric) globally. However, economic and political turmoil in Europe is expected to inhibit the growth of this market. The sit down burden carrier (electric) segment is expected to witness significant growth during the forecast period.
The regional segmentation for the global industrial personnel and burden carrier (electric) market includes North America, Europe, Asia Pacific and Rest of the World (RoW). In addition, the market has been segmented based on types into burden carrier and personnel carrier. The burden carrier market is further sub-segmented into 'sit down' and 'stand up' types. The sub-segments of personnel carrier market includes '2 to 5seater', '5 to 10seater' and '10seater and above'. The global industrial personnel and burden carrier (electric) market is also segmented in terms of load carrying capacity. For burden carriers, the segments in terms of load capacity include 'less than 1000 lbs', '1000 lbs to 5000 lbs', '5000 lbs to 10,000 lbs' and '10,000 lbs and above'. For personnel carrier the segments in terms of load carrying capacity include '500 lbs to 2000 lbs', '2000 lbs to 5000 lbs' and '5000 lbs and above'. All these segments have also been estimated on the basis of geography in terms of revenue (USD Million).
In order to understand the industrial personnel and burden carrier (electric) market better, a key trend analysis section is also provided, which discusses the growth in various segments and industry verticals. In addition, the key players profiled in the report have further been analyzed in terms of the global market share held by them.
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In the end, the report also covers the profiles of the leading vendors on the basis of their company overview, key developments, financial statements and business strategies adopted by the players in the global industrial personnel and burden carrier (electric) market. The major players profiled in the report include: Columbia ParCar Corporation, Cushman Inc., Bradshaw Electric Vehicles, Club Car, E-Z-GO, Pack Mule, Taylor-Dunn Manufacturing Company, Motrec Inc., Clark Material Handling Company Inc., and Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd among others.
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