Industrial Personnel and Burden Carriers (Electric) Market (Product Type - Burden Carriers, Personnel Carriers, and Tow Tractors; Industrial Burden Carrier Load Capacity - Less than 1000 lbs., 1000 to 5000 lbs., 5000 to 10,000 lbs., and 10,000 lbs. and above; Industrial Personnel Carrier Load Capacity - 500 lbs. to 2000 lbs., 2000 lbs. to 5000 lbs., and 5000 lbs. and above; Application - Manufacturing, Mining, Oil & Gas, Pharmaceuticals, Iron & Steel, Chemicals, and Food Processing) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 06/13/2017 -- Industrial Personnel and Burden Carriers (Electric) Market: Trends and Opportunities
Industrial personnel and burden carriers (electric) are primarily used in factories, manufacturing hubs, and warehouses to transport heavy equipment and materials. These carriers offer numerous advantages. Thus, usage of industrial personnel and burden carriers (electric) has increased in different industries such as cement, real estate, and retail. The industrial personnel and burden carrier (electric) market is primarily driven by the rapid industrialization in developing countries and the emerging markets of Asia Pacific. Additionally, higher need for improvement in operational efficiency in factories is positively impacting market growth. The sit down type of burden carrier (electric) segment is expected to expand significantly during the forecast period.
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Factors such as industrial personnel and burden carrier help to save time for a given work provide safety and security along with cost-effectiveness, reduces product damage, and helps in optimum utilization of resources in industries. All of the above combined ensures operational efficiency in factories. In today's business environment where the market has become extremely competitive, most companies are focusing on operational efficiency in their business in order to provide best of products and services to customers. Thus, the rising need for operational efficiency in industries and increasing usage of industrial personnel and burden carriers are set to motivate the growth of this market in the coming years. Moreover, during the last few years, the market for electric industrial personnel and burden carriers has witnessed an enhanced rise in application due to the increasing requirement of such vehicles in order to save time and improve the efficiency of work in industries. Countries in Asia Pacific such as Japan, China, Singapore, Indonesia, and Australia are also contributing to the growth of the global industrial personnel and burden carrier (electric) market. The major applications of these vehicles are in factories, warehouses, cement industry, real estate sector, retail sector, and others. Primarily, two types of electric industrial personnel and burden carriers are available: battery based electric vehicles (BEVs), and plug-in based electric vehicles (PEVs). Considering all these factors, the industrial personnel and burden carriers market is likely to grow at a significant during the forecast period.
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. These carriers are used to transport personnel, equipment, and materials in various industries. The Asia Pacific region is the fastest growing market for industrial personnel and burden carriers. Economic reforms and rapid industrialization in major Asia Pacific countries such as China, India, and Japan are influencing the growth of the market. The large population, abundance of resources, cheap labor costs, and affordability of raw materials in Asia Pacific are some of the crucial factors encouraging foreign investments in the industrial sector of the region.
With increasing industrialization and need for operational efficiency in industries across the globe, there is immense scope and opportunities for the industrial personnel and burden carriers (electric) market. There has been significant rise in application of industrial personnel and burden carriers in industries based in Asia Pacific. In the coming years, Asia Pacific is expected to be a crucial market for industrial personnel and burden carriers. India, China, and Japan have seen huge industrialization in recent times because of the availability of good natural and human resources. Cheap source of labor, availability of raw materials, good transportation network, and investor-friendly industrial policies are some of the vital factors encouraging global companies to set up industries in these countries of the Asia Pacific region. This in turn is expected to encourage the rise in application of industrial personnel and burden carriers in the emerging markets of Asia Pacific.
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Industrial Personnel and Burden Carriers (Electric) Market: Scope of the Study
This market research study analyzes the global industrial personnel and burden carriers (electric) market and provides estimates in terms of revenue (USD Million) and volume in terms of (thousand Units) from 2015 to 2024. It emphasizes on the drivers and restraints responsible for the growth of the industry and examines their impact during the forecast period from 2016 to 2024. Moreover, it recognizes the important opportunities for the market expansion in the upcoming years.
The report offers company market share analysis of key industry participants. Major players have been profiled on the basis of company overview, financial overview, business strategies and key developments. Leading market players profiled in this report are Columbia Par Car Corporation (U.S.), Bradshaw Electric Vehicles (U.K.), E-Z-GO (U.S.), Pack Mule (U.S.), and Motrec International, Inc. (Canada) among others.