As
per the new market report published by Transparency Market Research
“Industrial
Personnel and Burden Carrier (Electric) Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,”
global industrial personnel and burden carrier (electric) market was
valued at US$98.9 mn in 2014, growing at a CAGR of 8.2% from 2015 to
2021 to account for US$174.6 mn by 2021.
The
global industrial personnel and burden carrier (electric) market is
witnessing significant growth primarily due to the rapid
industrialization in developing countries of Asia Pacific. This in
turn is attracting various manufacturers of industrial personnel and
burden carrier (electric) to invest in this market. In addition,
increasing need for improved operational efficiency within factories
and growing demand for electric vehicles worldwide are boosting the
demand of industrial personnel and burden carrier (electric) market
globally. Moreover, the industrial personnel and burden carrier
(electric) provide other benefits such as reduction of man power,
time savings, reduced operating cost and others, reduced wastage of
raw materials and others. The industrial personnel and burden carrier
(electric) market is categorized into three segments: by type, by
load capacity and by region.
industrial-personnel-burden-carrier-electric-market
By
burden carrier product type, the sit down segment held the largest
market share accounting for more than 90% of the overall market
valued at USD 66.4 million in 2014. The sit down burden carrier
segment is expected to dominate the market throughout the forecast
period. The dominance of this segment is mainly due to the rising
need for reduction of man power, reduction of wastage, materials
handling and materials transport among others. By personnel carrier
product type, 2 to 5seater segment held the largest market share.
This segment accounted for USD 22.7 million in 2014.
In
terms of load capacity, by burden carrier, less than 1000 lbs segment
contributed to the largest revenue share in the global industrial
personnel and burden carrier (electric) market in 2014. Less than
1000 lbs segment recorded revenue of USD 52.9 million in 2014. This
growth is attributed to the increasing industrial burden carrier
(electric) applications across cement industry, oil and gas industry,
factory, manufacturing hubs, retail sector among others. In terms of
personnel carrier load capacity, 500 lbs to 2000 lbs segments held
the largest market share accounting for more than 80% in the overall
market valued at USD 27.4 million in 2014. 500 lbs to 2000 lbs
segments is expected to dominate the market throughout the forecast
period.In
terms of region, North America lead the global industrial personnel
and burden carrier (electric) market accounting for USD 74.2 million
in 2014 and is expected to lead the market throughout the forecast
period.
The region’s dominance is primarily due to the high
disposable income of the people, high degree of industrialization in
the region and others. In addition, presence of major industrial
personnel and burden carrier (electric) manufacturers in North
America such as Columbia ParCar Corporation, Cushman Inc., E-Z-GO
Taylor-Dunn Manufacturing Company, Motrec Inc. and Clark Material
Handling Company Inc. among others is also supporting the growth of
this market.Furthermore,
the key players have been profiled in this report on the basis of the
company overview, recent development, products/services, historical
roadmap and future strategies in the global industrial personnel and
burden carrier (electric) market. The key players in the industrial
personnel and burden carrier (electric) market 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.
More
Information: http://bit.ly/1mxK1sF
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