Nov 28, 2017   SOURCE: PR NewsWire

Global Warehouse Vehicles Market 2017-2021 - Growing Popularity of the Autonomous Vehicles

DUBLIN, November 28, 2017 /PRNewswire/ --

The "Global Warehouse Vehicles Market 2017-2021" report has been added to Research and Markets' offering.

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The global warehouse vehicles market to grow at a CAGR of 6.12% during the period 2017-2021.

Global Warehouse Vehicles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The global warehouse vehicles market has been segmented on the basis of product type such as counterbalance trucks, narrow aisle trucks, tow trucks, pallet trucks and others.

One trend in the market is rising popularity of non-marking tire. Non-marking tires are used to eliminate black marks on warehouse floors. The non-marking tires are generally grey and white in color. However, the color may vary from manufacturer to manufacturer. Mostly, grocery or food processing plants are required to employ non-marking tires in their factories or warehouse for concerns about hygiene.

According to the report, one driver in the market is rising e-commerce retail sales. An increase in the number of online shoppers is expected in future, retailers have either slowed or stopped the growth of brick and mortar retail stores in many of the locations. The reverse is true for the warehouses holding the product. Amazon, one of the leading online mass retailers, has increased the size and locations of their warehouse distribution centers. In order to increase the speed of delivery time, warehouses are required to be closer to population centers. Hence the demand for warehouses is likely to increase, thus increasing the demand for the warehouse vehicles.

Further, the report states that one challenge in the market is high initial investment and maintenance cost. Warehouse vehicles require constant technical support and maintenance for smooth and uninterrupted operations. The maintenance cost of warehouse vehicles such as forklifts can be high, especially for those operating in a harmful environment for the warehouse vehicles and undergo a high chance of wear and tear of different parts of the warehouse vehicles. The frequent wear and tear contribute to increase in the cost of maintenance.

Key Trends

    --  Rising popularity of non-marking tire
    --  Growing popularity of the autonomous vehicles

    --  Rising popularity of fork truck free movement

Key vendors

    --  Crown
    --  Jungheinrich
    --  KION GROUP
    --  Toyota

Other prominent vendors

    --  CONHERSA
    --  Douglas Equipment Company
    --  Godrej Material Handling
    --  Hyster Company
    --  Lokpal Industries
    --  Mighty Lift
    --  Ningbo Ruyi Joint Stock
    --  NOVELTEK
    --  PalletTrucksUK
    --  Patel Material Handling Equipment
    --  Puma Lift Trucks
    --  RICO manufacturing
    --  Sroka Incorporated
    --  STILL Materials Handling
    --  The Raymond Corporation
    --  Yale Materials Handling Corporation

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation By Product

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/2m2268/global_warehouse

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SOURCE Research and Markets