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産業用車両の世界市場は、2022年の437億米ドルから2027年には543億米ドルへと、CAGR4.5％で成長すると予測されています。電子商取引分野の成長、最終用途産業におけるマテリアルハンドリングの自律的ソリューションの需要増加などのパラメータが、産業用車両の需要を押し上げると考えられます。また、バッテリー駆動の産業用車両の採用が拡大していることに加え、製造業におけるスマートファクトリーの出現が、この市場に新たな機会をもたらすと考えられます。

"アプリケーション別では、予測期間中に製造部門が大きな成長を遂げると予想される。"
産業用車両市場の製造部門は、予測期間中に顕著な速度で成長すると予測されます。自動車、化学、食品・飲料、ヘルスケアなどにおける産業用車両の採用が進んでいることが、予測期間中に同市場の製造部門を牽引すると予想されます。これらの車両は、製造工程で生産ラインの在庫を保管・回収するために使用されます。ダウンタイムの短縮、人件費の削減、生産現場での事故の減少、効率性と柔軟性の向上といったメリットが、メーカーによる新製品開発への投資を促しています。これらの利点が、予測期間中の産業用車両需要の原動力となるでしょう。

"予測期間中、北米が重要な市場になると予想される。"
北米は、高品質で高性能な産業用車両を提供することで知られる、様々な有名産業用車両メーカーの拠点となっています。大規模な電子商取引産業や、独自の倉庫機能を持つ産業・製造企業のための確立されたエコシステムなどの要因が、北米を産業車両メーカーにとって魅力的な市場にしています。さらに、広範な3PLネットワークが、北米の倉庫部門の成長につながっています。毎年開催されるProMatやMODEXなどの展示会や見本市も、物流機器メーカーが北米で見込み客を探すのに役立っています。
北米の自動車産業は世界で最も進んだ産業の一つであり、フォードモーターズ、テスラ、ゼネラルモーターズ、フィアット・クライスラーといった大手OEMを擁しています。北米自由貿易協定（NAFTA）は、この地域の自動車産業の成長を促した。伝統的に世界的な技術リーダーである米国は、北米最大の自動車市場である。米国では、大規模な顧客基盤と高い可処分所得水準が電気自動車の需要を促進し、その結果、現地の自動車OEMによる製造活動が活発化しています。そのため、北米の自動車製造工場では、シャーシ、車体、エンジン、その他のコンポーネントを運搬するためのマテリアルハンドリングソリューションが必要とされています。産業用車両は、偏心した形状の荷物の取り扱いに重要であるため、この地域での採用が拡大しています。

"予測期間中、貨物・物流部門は産業車両市場で2番目に大きな市場になると推定される"
貨物・物流分野は、予測期間中、用途別で2番目に大きな市場になると予想されます。物流・貨物業務には、港湾、物流拠点、大規模な配送センターでのマテリアルハンドリングプロセスが含まれます。ロジスティクス業務や貨物輸送プロセスの複雑化に伴い、待ち時間や移動中の物品破損の問題がイントラロジスティクス産業で注目を集めています。自動車やエレクトロニクスのように多国籍の生産拠点を持つ最終用途産業は、物流工程での損失や損害を減らすために努力しています。物流・運送業務には、港湾、物流拠点、大規模な配送センターでのマテリアルハンドリングプロセスが含まれます。物流・貨物プロセスの複雑化に伴い、待ち時間や移動中の物品破損の問題は、イントラロジスティクス業界において注目されています。自動車やエレクトロニクスのように多国籍で生産活動を行っている最終用途産業は、物流プロセスにおける損失や損害の軽減を図ってきました。これらすべての要因が、予測期間中にアジア太平洋地域の貨物・物流部門を牽引すると予想されます。


本調査では、同市場で事業を展開するさまざまな主要組織のCEO、マーケティングディレクター、その他のイノベーションおよびテクノロジーディレクター、経営幹部に対して詳細なインタビューを実施しました。
- 企業タイプ別OEM企業：70%、ティア1企業：10%、その他：20
- 役職別CXO（最高経営責任者）：33%、マネージャー：52%、その他：15
- 地域別北米：41％、欧州：23％、アジア太平洋：32％、RoW：4
産業車両市場は、豊田自動織機（日本）、KION Group AG（ドイツ）、三菱ロジスネクスト株式会社（日本）、ユングハイン株式会社（日本）をはじめとする主要プレーヤーによって支配されています。(日本）、Jungheinrich AG（ドイツ）、Crown Equipment Corporation（米国）。これらの企業は、強力な製品ポートフォリオと世界レベルでの強力な販売網を有しています。
調査対象範囲
本レポートでは、産業車両市場を、車両タイプ＆容量（フォークリフト、アイルトラック、牽引トラクター、コンテナハンドラー）、駆動タイプ（ICE、バッテリー駆動、ガス駆動）、用途（製造、倉庫、貨物・物流、その他）、自動化レベル（非/半自動、自動）、地域（アジア太平洋、欧州、北米、列）の観点から取り上げています。産業用車両市場のエコシステムにおける競争環境と主要企業のプロファイルをカバーしています。

また、市場の主要企業の詳細な競合分析、企業プロファイル、製品および事業の提供に関する主要な観測、最近の開発、主要な市場戦略も掲載しています。

レポート購入の主なメリット
- 本レポートは、産業用車両市場全体とそのサブセグメントに関する収益数の最も近い近似値に関する情報を提供し、この市場における市場リーダー/新規参入者を支援します。
- 本レポートは、利害関係者が競争環境を理解し、より良いビジネスの位置付けと適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。
- また、本レポートは、利害関係者が市場の脈動を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。
- さらに本レポートは、産業用車両の生産能力に応じた現在および将来の価格動向についても関係者の理解を助けます。

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1 INTRODUCTION 27 1.1 OBJECTIVES OF THE STUDY 27 1.2 MARKET DEFINITION 28 TABLE 1 INDUSTRIAL VEHICLES MARKET DEFINITION, BY VEHICLE TYPE 28 TABLE 2 INDUSTRIAL VEHICLES MARKET DEFINITION, BY DRIVE TYPE 28 TABLE 3 INDUSTRIAL VEHICLES MARKET DEFINITION, BY AERIAL WORK PLATFORM 29 1.2.1 INCLUSIONS & EXCLUSIONS 29 TABLE 4 INCLUSIONS & EXCLUSIONS IN INDUSTRIAL VEHICLES MARKET 29 1.3 MARKET SCOPE 30 FIGURE 1 MARKETS COVERED 30 1.3.1 YEARS CONSIDERED FOR THE STUDY 30 1.4 CURRENCY & PRICING 31 TABLE 5 CURRENCY EXCHANGE RATES 31 1.5 PACKAGE SIZE 31 1.6 STAKEHOLDERS 31 1.7 SUMMARY OF CHANGES 32 2 RESEARCH METHODOLOGY 33 2.1 RESEARCH DATA 33 FIGURE 2 INDUSTRIAL VEHICLES MARKET: RESEARCH DESIGN 33 FIGURE 3 RESEARCH DESIGN MODEL 34 2.1.1 SECONDARY DATA 34 2.1.1.1 Key secondary sources for industrial vehicles market 35 2.1.1.2 Key secondary sources for aerial work platform market 36 2.1.1.3 Key data from secondary sources 36 2.1.2 PRIMARY DATA 37 FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 37 2.1.2.1 List of primary participants 38 2.2 MARKET SIZE ESTIMATION 38 FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 39 2.2.1 BOTTOM-UP APPROACH 40 FIGURE 6 INDUSTRIAL VEHICLES MARKET SIZE: BOTTOM-UP APPROACH 40 2.2.2 TOP-DOWN APPROACH 40 FIGURE 7 INDUSTRIAL VEHICLES MARKET SIZE: TOP-DOWN APPROACH 41 FIGURE 8 INDUSTRIAL VEHICLES MARKET: MARKET ESTIMATION NOTES 41 FIGURE 9 INDUSTRIAL VEHICLES MARKET: RESEARCH DESIGN & METHODOLOGY – DEMAND SIDE 42 FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP (SUPPLY SIDE): COLLECTIVE MARKET SHARE OF MAJOR PLAYERS 43 2.3 DATA TRIANGULATION 44 FIGURE 11 DATA TRIANGULATION METHODOLOGY 44 2.4 FACTOR ANALYSIS 45 FIGURE 12 FACTOR ANALYSIS: INDUSTRIAL VEHICLES MARKET 45 2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 46 2.5 RESEARCH ASSUMPTIONS 47 2.6 RESEARCH LIMITATIONS 48 3 EXECUTIVE SUMMARY 49 FIGURE 13 INDUSTRIAL VEHICLES MARKET OVERVIEW 50 FIGURE 14 INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 50 FIGURE 15 INDUSTRIAL VEHICLES MARKET, BY DRIVE TYPE, 2022 VS. 2027 51 FIGURE 16 KEY PLAYERS IN INDUSTRIAL VEHICLES MARKET 52 4 PREMIUM INSIGHTS 53 4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL VEHICLES MARKET 53 FIGURE 17 RISING E-COMMERCE INDUSTRY & REVIVAL OF MANUFACTURING SECTOR TO BOOST THE MARKET 53 4.2 INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE 53 FIGURE 18 AISLE TRUCKS ESTIMATED TO BE LARGEST SEGMENT OF MARKET (USD MILLION) 53 4.3 INDUSTRIAL VEHICLES MARKET, BY DRIVE TYPE 54 FIGURE 19 BATTERY-OPERATED TO REMAIN LARGEST SEGMENT OF MARKET (USD MILLION) 54 4.4 INDUSTRIAL VEHICLES MARKET, BY APPLICATION 54 FIGURE 20 WAREHOUSING EXPECTED TO BE LARGEST SEGMENT OF MARKET, 2022 VS. 2027 (USD MILLION) 54 4.5 AERIAL WORK PLATFORM MARKET, BY TYPE 55 FIGURE 21 BOOM LIFT EXPECTED TO BE LARGEST SEGMENT OF MARKET, 2022 VS. 2027 (USD MILLION) 55 4.6 INDUSTRIAL VEHICLES MARKET GROWTH RATE, BY REGION 55 FIGURE 22 ASIA PACIFIC PROJECTED TO BE LARGEST MARKET FOR INDUSTRIAL VEHICLES 55 5 MARKET OVERVIEW 56 5.1 INTRODUCTION 56 5.2 MARKET DYNAMICS 57 FIGURE 23 INDUSTRIAL VEHICLES MARKET: MARKET DYNAMICS 57 5.2.1 DRIVERS 57 5.2.1.1 Growing e-commerce and warehousing 57 FIGURE 24 TOTAL US E-COMMERCE RETAIL SALES, 2017-2021 58 FIGURE 25 QUARTERLY US E-COMMERCE RETAIL SALES FOR 2020-2021 58 5.2.1.2 Technological advancements aimed at increasing productivity 59 FIGURE 26 GLOBAL WAREHOUSE AUTOMATION MARKET, BY VALUE (2016–2025) 59 5.2.1.3 Increasing demand for automation solutions in material handling across industries 60 FIGURE 27 AUTOMATED GUIDED VEHICLE MARKET VOLUME, BY REGION (2019) 60 5.2.1.4 Rising focus on improving workplace safety 60 5.2.2 RESTRAINTS 61 5.2.2.1 High cost of automation 61 TABLE 6 AVERAGE SELLING PRICE FOR FORKLIFTS 61 5.2.2.2 Lack of R&D facilities and high maintenance of industrial vehicles 62 5.2.3 OPPORTUNITIES 62 5.2.3.1 Increasing demand for battery-operated industrial vehicles 62 5.2.3.2 Advent of smart factories in material handling industry 62 FIGURE 28 INDUSTRY 4.0 REVOLUTION 63 5.2.4 CHALLENGES 63 5.2.4.1 Government regulations and safety concerns 63 FIGURE 29 FORKLIFT ACCIDENTS 64 FIGURE 30 EMISSION TIER SLABS FOR OFF-ROAD MOBILE MACHINERY AND FORKLIFTS 65 5.2.4.2 Low labor costs restrict adoption of industrial vehicles in emerging economies 65 TABLE 7 INDUSTRIAL VEHICLES MARKET: IMPACT OF MARKET DYNAMICS 66 5.3 TRENDS & DISRUPTIONS IMPACTING THE MARKET 67 FIGURE 31 REVENUE SHIFT DRIVING INDUSTRIAL VEHICLES MARKET 67 5.4 INDUSTRIAL VEHICLES MARKET SCENARIOS (2022–2027) 68 FIGURE 32 INDUSTRIAL VEHICLES MARKET – FUTURE TRENDS & SCENARIOS, 2022–2027 (USD MILLION) 68 5.4.1 MOST LIKELY SCENARIO 68 TABLE 8 MOST LIKELY SCENARIO, BY REGION, 2022–2027 (USD MILLION) 68 5.4.2 OPTIMISTIC SCENARIO 69 TABLE 9 OPTIMISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION) 69 5.4.3 PESSIMISTIC SCENARIO 69 TABLE 10 PESSIMISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION) 69 5.5 PORTER’S FIVE FORCES 70 FIGURE 33 PORTER’S FIVE FORCES: INDUSTRIAL VEHICLES MARKET 70 TABLE 11 INDUSTRIAL VEHICLES MARKET: IMPACT OF PORTER’S 5 FORCES 71 5.5.1 THREAT OF SUBSTITUTES 71 5.5.2 THREAT OF NEW ENTRANTS 71 5.5.3 BARGAINING POWER OF BUYERS 71 5.5.4 BARGAINING POWER OF SUPPLIERS 71 5.5.5 RIVALRY AMONG EXISTING COMPETITORS 72 5.6 INDUSTRIAL VEHICLES MARKET ECOSYSTEM 72 FIGURE 34 INDUSTRIAL VEHICLES MARKET: ECOSYSTEM ANALYSIS 72 TABLE 12 INDUSTRIAL VEHICLES MARKET: ROLE OF COMPANIES IN ECOSYSTEM 73 5.7 VALUE CHAIN ANALYSIS 75 FIGURE 35 VALUE CHAIN ANALYSIS OF INDUSTRIAL VEHICLES MARKET 75 5.8 PRICING ANALYSIS 76 FIGURE 36 AVERAGE PRICING OF INDUSTRIAL VEHICLES IN 2021, BY REGION 76 FIGURE 37 AVERAGE PRICING OF INDUSTRIAL VEHICLES IN 2027, BY REGION 77 5.9 KEY STAKEHOLDERS & BUYING CRITERIA 78 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 78 FIGURE 38 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 4 VEHICLE TYPES 78 TABLE 13 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 4 VEHICLE TYPES (%) 78 5.9.2 BUYING CRITERIA 79 FIGURE 39 KEY BUYING CRITERIA FOR TOP 4 VEHICLE TYPES 79 TABLE 14 KEY BUYING CRITERIA FOR TOP 4 VEHICLE TYPES 79 5.10 MACROECONOMIC INDICATORS 80 5.10.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 80 TABLE 15 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION) 80 5.10.2 WORLD MOTOR VEHICLE PRODUCTION STATISTICS IN 2020 & 2021 81 TABLE 16 WORLD MOTOR VEHICLE PRODUCTION STATISTICS IN 2021 (UNITS) 81 TABLE 17 WORLD MOTOR VEHICLE PRODUCTION STATISTICS IN 2020 (UNITS) 82 5.11 PATENT ANALYSIS 83 5.11.1 INTRODUCTION 83 FIGURE 40 PUBLICATION TRENDS (2012–2021) 83 5.11.2 LEGAL STATUS OF PATENTS (2012-2021) 84 FIGURE 41 LEGAL STATUS OF PATENTS FILED FOR INDUSTRIAL VEHICLES (2012-2021) 84 5.11.3 TOP PATENT APPLICANTS (2012-2021) 84 FIGURE 42 INDUSTRIAL VEHICLE PATENTS, BY OEM 84 TABLE 18 IMPORTANT PATENT REGISTRATIONS RELATED TO THE ELECTRIC VEHICLE MARKET 85 5.12 CASE STUDY 86 5.12.1 THYSSENKRUPP'S DECISION FOR FLEXIBLE AUTOMATION 86 5.12.2 AUTOMATION OF COKO-WERK GMBH & CO. KG 86 5.12.3 TOYOTA DELIVERS SUSTAINABLE AGV SOLUTIONS FOR PANASONIC ENERGY 87 5.12.4 LARGE TOYOTA AGV FLEET HELPED FUTURE-PROOF ALBERT HEIJN’S DISTRIBUTION CENTERS 87 5.12.5 TOYOTA’S AUTOMATED FORKLIFTS SUPPORTED ELM.LEBLANC’S 4.0 JOURNEY 88 5.12.6 INDUCTIVE CHARGING SYSTEM FOR AGVS 88 5.13 TECHNOLOGICAL ANALYSIS 88 5.13.1 IOT FOR AUTOMATED MATERIAL HANDLING 88 5.13.2 5G CONNECTIVITY FOR AUTOMATED WAREHOUSES 89 5.13.3 AI 89   5.14 TRADE ANALYSIS 90 5.14.1 IMPORT SCENARIO (HS CODE 842710) 90 FIGURE 43 IMPORTS, BY KEY COUNTRIES, 2017–2021 (USD MILLION) 90 5.14.2 EXPORT SCENARIO (HS CODE 842710) 91 FIGURE 44 EXPORTS, BY KEY COUNTRIES, 2017–2021 (USD MILLION) 91 5.14.3 IMPORT SCENARIO (HS CODE 8427) 92 FIGURE 45 IMPORTS, BY KEY COUNTRIES, 2016–2020 (USD MILLION) 92 5.14.4 EXPORT SCENARIO (HS CODE 8427) 93 FIGURE 46 EXPORTS, BY KEY COUNTRIES, 2016–2020 (USD MILLION) 93 5.15 REGULATORY LANDSCAPE 94 5.15.1 SAFETY STANDARDS FOR AGVS 94 TABLE 19 SAFETY STANDARDS FOR AGVS 94 5.16 KEY CONFERENCE & EVENTS IN 2022 94 TABLE 20 INDUSTRIAL VEHICLES MARKET: DETAILED LIST OF CONFERENCES & EVENTS 94 TABLE 21 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95 6 INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE & CAPACITY 96 6.1 INTRODUCTION 97 FIGURE 47 AISLE TRUCKS TO HOLD LARGEST MARKET SHARE IN TERMS OF VALUE, 2022-2027 97 TABLE 22 INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 97 TABLE 23 INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 98 TABLE 24 INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 98 TABLE 25 INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 98 6.1.1 OPERATIONAL DATA 99 TABLE 26 INDUSTRIAL VEHICLE MODELS OFFERED BY COMPANIES, BY VEHICLE TYPE 99 6.1.2 ASSUMPTIONS 101 TABLE 27 ASSUMPTIONS: BY VEHICLE TYPE 101 6.1.3 RESEARCH METHODOLOGY 101 6.2 FORKLIFT 101 6.2.1 GROWTH OF E-COMMERCE INDUSTRY TO DRIVE SEGMENT 101 TABLE 28 FORKLIFT MARKET, BY REGION, 2018–2021 (USD MILLION) 102 TABLE 29 FORKLIFT MARKET, BY REGION, 2022–2027 (USD MILLION) 102 TABLE 30 FORKLIFT MARKET, BY REGION, 2018–2021 (’000 UNITS) 102 TABLE 31 FORKLIFT MARKET, BY REGION, 2022–2027 (’000 UNITS) 103 6.2.2 FORKLIFT MARKET, BY CAPACITY 103 TABLE 32 FORKLIFT MARKET, BY CAPACITY, 2018–2021 (USD MILLION) 103 TABLE 33 FORKLIFT MARKET, BY CAPACITY, 2022–2027 (USD MILLION) 103 TABLE 34 FORKLIFT MARKET, BY CAPACITY, 2018–2021 (’000 UNITS) 104 TABLE 35 FORKLIFT MARKET, BY CAPACITY, 2022–2027 (’000 UNITS) 104 6.2.3 <5 TON 104 6.2.4 5-10 TON 104 6.2.5 11-36 TON 105 6.2.6 >36 TON 105 6.3 AISLE TRUCK 105 6.3.1 INCREASING ADOPTION OF NARROW AISLE ARRANGEMENTS IN WAREHOUSES TO DRIVE SEGMENT 105 TABLE 36 AISLE TRUCK MARKET, BY REGION, 2018–2021 (USD MILLION) 106 TABLE 37 AISLE TRUCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106 TABLE 38 AISLE TRUCK MARKET, BY REGION, 2018–2021 (’000 UNITS) 106 TABLE 39 AISLE TRUCK MARKET, BY REGION, 2022–2027 (’000 UNITS) 106 6.3.2 AISLE TRUCK MARKET, BY CAPACITY 107 TABLE 40 AISLE TRUCKS MARKET, BY CAPACITY, 2018–2021 (USD MILLION) 107 TABLE 41 AISLE TRUCKS MARKET, BY CAPACITY, 2022–2027 (USD MILLION) 107 TABLE 42 AISLE TRUCKS MARKET, BY CAPACITY, 2018–2021 (’000 UNITS) 107 TABLE 43 AISLE TRUCKS MARKET, BY CAPACITY, 2022–2027 (’000 UNITS) 108 6.3.3 <1 TON 108 6.3.4 1-2 TON 108 6.3.5 >2 TON 108 6.4 TOW TRACTOR 108 6.4.1 INCREASING FOCUS ON AUTOMATION IN MANUFACTURING TO DRIVE SEGMENT 108 TABLE 44 TOW TRACTOR MARKET, BY REGION, 2018–2021 (USD MILLION) 109 TABLE 45 TOW TRACTOR MARKET, BY REGION, 2022–2027 (USD MILLION) 109 TABLE 46 TOW TRACTOR MARKET, BY REGION, 2018–2021 (’000 UNITS) 109 TABLE 47 TOW TRACTOR MARKET, BY REGION, 2022–2027 (’000 UNITS) 110 6.4.2 TOW TRACTOR MARKET, BY CAPACITY 110 TABLE 48 TOW TRACTOR MARKET, BY CAPACITY, 2018–2021 (USD MILLION) 110 TABLE 49 TOW TRACTOR MARKET, BY CAPACITY, 2022–2027 (USD MILLION) 110 TABLE 50 TOW TRACTOR MARKET, BY CAPACITY, 2018–2021 (’000 UNITS) 111 TABLE 51 TOW TRACTOR MARKET, BY CAPACITY, 2022–2027 (’000 UNITS) 111 6.4.3 <5 TON 111 6.4.4 5-10 TON 111 6.4.5 11-30 TON 112 6.4.6 >30 TON 112 6.5 CONTAINER HANDLER 112 6.5.1 STEADY GROWTH OF MARITIME TRANSPORT TO DRIVE SEGMENT 112 TABLE 52 CONTAINER HANDLER MARKET, BY REGION, 2018–2021 (USD MILLION) 112 TABLE 53 CONTAINER HANDLER MARKET, BY REGION, 2022–2027 (USD MILLION) 113 TABLE 54 CONTAINER HANDLER MARKET, BY REGION, 2018–2021 (’000 UNITS) 113 TABLE 55 CONTAINER HANDLER MARKET, BY REGION, 2022–2027 (’000 UNITS) 113 6.5.2 CONTAINER HANDLER MARKET, BY CAPACITY 114 TABLE 56 CONTAINER HANDLER MARKET, BY CAPACITY, 2018–2021 (USD MILLION) 114 TABLE 57 CONTAINER HANDLER MARKET, BY CAPACITY, 2022–2027 (USD MILLION) 114 TABLE 58 CONTAINER HANDLER MARKET, BY CAPACITY, 2018–2021 (’000 UNITS) 114 TABLE 59 CONTAINER HANDLER MARKET, BY CAPACITY, 2022–2027 (’000 UNITS) 114 6.5.3 <30 TON 115 6.5.4 30-40 TON 115 6.5.5 >40 TON 115 6.6 AUTOMATED GUIDED VEHICLES 116 6.6.1 GROWING NEED FOR AUTOMATION IN MATERIAL-HANDLING PROCESSES TO DRIVE SEGMENT 116 6.6.2 CHALLENGES OF AGVS 117 6.6.2.1 Low labor costs restricting adoption of AGVs in emerging economies 117 6.6.2.2 Technical challenges related to sensing elements 117 6.7 PERSONNEL CARRIERS 117 6.7.1 INCREASING LEVELS OF INDUSTRIALIZATION TO DRIVE SEGMENT 117 6.8 KEY PRIMARY INSIGHTS 118 7 INDUSTRIAL VEHICLES MARKET, BY DRIVE TYPE 119 7.1 INTRODUCTION 120 TABLE 60 LPG FORKLIFTS VS BATTERY-OPERATED FORKLIFTS 120 FIGURE 48 BATTERY-OPERATED INDUSTRIAL VEHICLES ESTIMATED TO BE FASTEST GROWING SEGMENT OF INDUSTRIAL VEHICLES MARKET 121 TABLE 61 INDUSTRIAL VEHICLES MARKET, BY DRIVE TYPE, 2018–2021 (USD MILLION) 121 TABLE 62 INDUSTRIAL VEHICLES MARKET, BY DRIVE TYPE, 2022–2027 (USD MILLION) 121 TABLE 63 INDUSTRIAL VEHICLES MARKET, BY DRIVE TYPE, 2018–2021 (‘000 UNITS) 122 TABLE 64 INDUSTRIAL VEHICLES MARKET, BY DRIVE TYPE, 2022–2027 (‘000 UNITS) 122 7.1.1 OPERATIONAL DATA 122 TABLE 65 INDUSTRIAL VEHICLE OFFERED BY COMPANIES, BY DRIVE TYPE 122 7.1.2 ASSUMPTIONS 124 TABLE 66 ASSUMPTIONS: BY DRIVE TYPE 124 7.1.3 RESEARCH METHODOLOGY FOR DRIVE TYPE SEGMENT 124 7.2 ICE INDUSTRIAL VEHICLES 125 7.2.1 INCREASING USAGE IN HEAVY-DUTY APPLICATIONS TO DRIVE SEGMENT 125 TABLE 67 EMISSION STANDARDS 125 FIGURE 49 IC ENGINES VS ELECTRIC ENGINES 125 TABLE 68 ICE INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 126 TABLE 69 ICE INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 126 TABLE 70 ICE INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 126 TABLE 71 ICE INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 126   7.3 BATTERY-OPERATED INDUSTRIAL VEHICLES 127 7.3.1 GROWING CO2 EMISSION CONCERNS ACROSS THE GLOBE TO DRIVE SEGMENT 127 FIGURE 50 CO2 EMISSION REDUCTION BY TOYOTA INDUSTRIES CORPORATION 127 FIGURE 51 KEY BENEFITS OF ELECTRIC FORKLIFTS 128 TABLE 72 IC ENGINES VS ELECTRIC ENGINES 128 TABLE 73 BATTERY-OPERATED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 128 TABLE 74 BATTERY-OPERATED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 129 TABLE 75 BATTERY-OPERATED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 129 TABLE 76 BATTERY-OPERATED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 129 7.4 GAS-POWERED INDUSTRIAL VEHICLES 130 7.4.1 SUITABILITY IN OUTDOOR APPLICATIONS TO DRIVE SEGMENT 130 TABLE 77 GAS-POWERED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 130 TABLE 78 GAS-POWERED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 130 TABLE 79 GAS-POWERED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 131 TABLE 80 GAS-POWERED INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 131 7.5 KEY PRIMARY INSIGHTS 131 8 INDUSTRIAL VEHICLES MARKET, BY APPLICATION 132 8.1 INTRODUCTION 133 FIGURE 52 CHINA: ONLINE RETAIL SALES IN USD BILLION (2016-2020) 133 FIGURE 53 MANUFACTURING TO HOLD LARGEST MARKET SHARE, 2022–2027 (USD MILLION) 134 TABLE 81 INDUSTRIAL VEHICLES MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 134 TABLE 82 INDUSTRIAL VEHICLES MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 134 TABLE 83 INDUSTRIAL VEHICLES MARKET, BY APPLICATION, 2018–2021 (’000 UNITS) 135 TABLE 84 INDUSTRIAL VEHICLES MARKET, BY APPLICATION, 2022–2027 (’000 UNITS) 135 8.1.1 OPERATIONAL DATA 136 TABLE 85 INDUSTRIAL VEHICLES AND THEIR RESPECTIVE APPLICATIONS 136 8.1.2 ASSUMPTIONS 136 TABLE 86 ASSUMPTIONS: BY APPLICATION 136 8.1.3 RESEARCH METHODOLOGY FOR APPLICATION TYPE SEGMENT 137 8.2 MANUFACTURING 137 8.2.1 INCREASE IN GLOBAL MANUFACTURING POST-PANDEMIC TO DRIVE SEGMENT 137 TABLE 87 MANUFACTURING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (USD MILLION) 137 TABLE 88 MANUFACTURING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (USD MILLION) 138 TABLE 89 MANUFACTURING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (’000 UNITS) 138 TABLE 90 MANUFACTURING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (’000 UNITS) 138 8.2.2 AUTOMOTIVE 139 8.2.3 METALS & HEAVY MACHINERY 139 8.2.4 CHEMICAL 140 8.2.5 HEALTHCARE 140 8.2.6 FOOD & BEVERAGES 141 8.2.7 OTHERS 141 8.3 WAREHOUSING 142 8.3.1 INCREASING PRODUCT DIFFERENTIATION AND REDUCED PALLET SIZE TO DRIVE SEGMENT 142 TABLE 91 WAREHOUSING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (USD MILLION) 142 TABLE 92 WAREHOUSING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (USD MILLION) 142 TABLE 93 WAREHOUSING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (’000 UNITS) 143 TABLE 94 WAREHOUSING: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (’000 UNITS) 143 8.4 FREIGHT & LOGISTICS 143 8.4.1 NEED FOR REDUCTION IN DELIVERY TIME AND RISING CONCERNS OVER DAMAGES AND LOSS OF GOODS TO DRIVE SEGMENT 143 TABLE 95 FREIGHT & LOGISTICS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (USD MILLION) 144 TABLE 96 FREIGHT & LOGISTICS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (USD MILLION) 144 TABLE 97 FREIGHT & LOGISTICS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (’000 UNITS) 144 TABLE 98 FREIGHT & LOGISTICS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (’000 UNITS) 145 8.5 OTHERS 145 TABLE 99 OTHERS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (USD MILLION) 146 TABLE 100 OTHERS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (USD MILLION) 146 TABLE 101 OTHERS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (’000 UNITS) 146 TABLE 102 OTHERS: INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (’000 UNITS) 147 8.6 KEY PRIMARY INSIGHTS 147   9 INDUSTRIAL VEHICLES MARKET, BY LEVEL OF AUTONOMY 148 9.1 INTRODUCTION 148 9.2 NON/SEMI-AUTONOMOUS 148 9.3 AUTONOMOUS 149 FIGURE 54 COST BREAKDOWN OF NON-AUTONOMOUS VS. AUTONOMOUS FORKLIFTS 149 10 AERIAL WORK PLATFORM MARKET, BY TYPE 151 10.1 INTRODUCTION 152 FIGURE 55 BOOM LIFTS TO HOLD LARGEST MARKET SHARE IN TERMS OF VALUE, 2022-2027 153 TABLE 103 AERIAL WORK PLATFORM MARKET, BY TYPE, 2018–2021 (USD MILLION) 153 TABLE 104 AERIAL WORK PLATFORM MARKET, BY TYPE, 2022–2027 (USD MILLION) 153 TABLE 105 AERIAL WORK PLATFORM MARKET, BY TYPE, 2018–2021 (UNITS) 153 TABLE 106 AERIAL WORK PLATFORM MARKET, BY TYPE, 2022–2027 (UNITS) 154 10.1.1 OPERATIONAL DATA 154 TABLE 107 AERIAL LIFT PLATFORMS OFFERED BY COMPANIES 154 10.1.2 ASSUMPTIONS 156 TABLE 108 ASSUMPTIONS: BY TYPE 156 10.1.3 RESEARCH METHODOLOGY FOR TYPE SEGMENT 156 10.2 BOOM LIFT 157 10.2.1 GROWTH OF CONSTRUCTION SECTOR TO DRIVE DEMAND 157 TABLE 109 BOOM LIFT MARKET, BY REGION, 2018–2021 (USD MILLION) 157 TABLE 110 BOOM LIFT MARKET, BY REGION, 2022–2027 (USD MILLION) 158 TABLE 111 BOOM LIFT MARKET, BY REGION, 2018–2021 (UNITS) 158 TABLE 112 BOOM LIFT MARKET, BY REGION, 2022–2027 (UNITS) 158 10.3 SCISSOR LIFT 159 10.3.1 GROWTH OF LOGISTICS SECTOR TO DRIVE DEMAND 159 TABLE 113 SCISSOR LIFT MARKET, BY REGION, 2018–2021 (USD MILLION) 159 TABLE 114 SCISSOR LIFT MARKET, BY REGION, 2022–2027 (USD MILLION) 159 TABLE 115 SCISSOR LIFT MARKET, BY REGION, 2018–2021 (UNITS) 160 TABLE 116 SCISSOR LIFT MARKET, BY REGION, 2022–2027 (UNITS) 160 10.4 KEY PRIMARY INSIGHTS 160 11 INDUSTRIAL VEHICLES MARKET, BY REGION 161 11.1 INTRODUCTION 162 FIGURE 56 INDUSTRIAL VEHICLES MARKET, BY REGION, 2022 VS. 2027 (USD THOUSAND) 162 TABLE 117 INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (USD MILLION) 162 TABLE 118 INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (USD MILLION) 163 TABLE 119 INDUSTRIAL VEHICLES MARKET, BY REGION, 2018–2021 (‘000 UNITS) 163 TABLE 120 INDUSTRIAL VEHICLES MARKET, BY REGION, 2022–2027 (‘000 UNITS) 163   11.2 ASIA PACIFIC 164 FIGURE 57 ASIA PACIFIC: INDUSTRIAL VEHICLES MARKET SNAPSHOT 165 TABLE 121 ASIA PACIFIC: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 165 TABLE 122 ASIA PACIFIC: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 166 TABLE 123 ASIA PACIFIC: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 166 TABLE 124 ASIA PACIFIC: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS) 166 11.2.1 CHINA 167 11.2.1.1 Growth of industrial sector to drive market 167 TABLE 125 CHINA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 167 TABLE 126 CHINA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 167 TABLE 127 CHINA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 168 TABLE 128 CHINA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 168 11.2.2 INDIA 168 11.2.2.1 Growth of automotive and e-commerce sectors to drive market 168 TABLE 129 INDIA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 169 TABLE 130 INDIA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 169 TABLE 131 INDIA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 169 TABLE 132 INDIA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 170 11.2.3 JAPAN 170 11.2.3.1 Growth of automation technologies to drive market 170 TABLE 133 JAPAN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 171 TABLE 134 JAPAN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 171 TABLE 135 JAPAN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 171 TABLE 136 JAPAN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 171 11.2.4 SOUTH KOREA 172 11.2.4.1 Increasing industrial sector to drive market 172 TABLE 137 SOUTH KOREA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 172 TABLE 138 SOUTH KOREA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 172 TABLE 139 SOUTH KOREA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 173 TABLE 140 SOUTH KOREA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 173 11.2.5 REST OF ASIA PACIFIC 173 TABLE 141 REST OF APAC: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 174 TABLE 142 REST OF APAC: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 174 TABLE 143 REST OF APAC: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 174 TABLE 144 REST OF APAC: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 175 11.3 EUROPE 175 FIGURE 58 EUROPE: INDUSTRIAL VEHICLES MARKET, BY COUNTRY 176 TABLE 145 EUROPE: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 176 TABLE 146 EUROPE: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 176 TABLE 147 EUROPE: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 177 TABLE 148 EUROPE: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS) 177 11.3.1 GERMANY 177 11.3.1.1 Growth of logistics to drive market 177 TABLE 149 GERMANY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 178 TABLE 150 GERMANY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 178 TABLE 151 GERMANY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 178 TABLE 152 GERMANY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 179 11.3.2 UK 179 11.3.2.1 Increase in automation in automotive sector to drive market 179 TABLE 153 UK: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 179 TABLE 154 UK: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 180 TABLE 155 UK: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 180 TABLE 156 UK: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 180 11.3.3 FRANCE 181 11.3.3.1 Need for automation in growing industrial sectors to drive market 181 TABLE 157 FRANCE: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 181 TABLE 158 FRANCE: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 181 TABLE 159 FRANCE: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 181 TABLE 160 FRANCE: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS) 182 11.3.4 ITALY 182 11.3.4.1 Thriving e-commerce sector to drive market 182 TABLE 161 ITALY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 182 TABLE 162 ITALY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 183 TABLE 163 ITALY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 183 TABLE 164 ITALY: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 183 11.3.5 SPAIN 184 11.3.5.1 Strategic location for logistics and warehousing to drive market 184 TABLE 165 SPAIN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 184 TABLE 166 SPAIN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 184 TABLE 167 SPAIN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 185 TABLE 168 SPAIN: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 185 11.3.6 REST OF EUROPE 185 TABLE 169 REST OF EUROPE: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 186 TABLE 170 REST OF EUROPE: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 186 TABLE 171 REST OF EUROPE: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 186 TABLE 172 REST OF EUROPE: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS) 187 11.4 NORTH AMERICA 187 FIGURE 59 NORTH AMERICA: INDUSTRIAL VEHICLES MARKET SNAPSHOT 188 TABLE 173 NORTH AMERICA: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 188 TABLE 174 NORTH AMERICA: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 189 TABLE 175 NORTH AMERICA: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 189 TABLE 176 NORTH AMERICA: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS) 189 11.4.1 US 190 11.4.1.1 Inclination toward automation to drive market 190 TABLE 177 US: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 190 TABLE 178 US: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 190 TABLE 179 US: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 191 TABLE 180 US: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 191 11.4.2 MEXICO 191 11.4.2.1 Growth of foreign manufacturing units to drive market 191 TABLE 181 MEXICO: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 192 TABLE 182 MEXICO: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 192 TABLE 183 MEXICO: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 192 TABLE 184 MEXICO: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 192 11.4.3 CANADA 193 11.4.3.1 Growing export infrastructure to drive market 193 TABLE 185 CANADA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 193 TABLE 186 CANADA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 194 TABLE 187 CANADA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 194 TABLE 188 CANADA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 194 11.5 REST OF THE WORLD (ROW) 195 FIGURE 60 ROW: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2020 VS. 2027 (USD MILLION) 195 TABLE 189 ROW: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 195 TABLE 190 ROW: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 196 TABLE 191 ROW: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2018–2021 (‘000 UNITS) 196 TABLE 192 ROW: INDUSTRIAL VEHICLES MARKET, BY COUNTRY, 2022–2027 (‘000 UNITS) 196 11.5.1 BRAZIL 196 11.5.1.1 Strong manufacturing hub to drive market 196 TABLE 193 BRAZIL: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 197 TABLE 194 BRAZIL: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 197 TABLE 195 BRAZIL: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 197 TABLE 196 BRAZIL: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 197   11.5.2 SOUTH AFRICA 198 11.5.2.1 Expansion of warehouses due to growing export activities to drive market 198 TABLE 197 SOUTH AFRICA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 198 TABLE 198 SOUTH AFRICA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 199 TABLE 199 SOUTH AFRICA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 199 TABLE 200 SOUTH AFRICA: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 199 11.5.3 OTHERS 200 TABLE 201 OTHERS: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 200 TABLE 202 OTHERS: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 200 TABLE 203 OTHERS: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2018–2021 (‘000 UNITS) 201 TABLE 204 OTHERS: INDUSTRIAL VEHICLES MARKET, BY VEHICLE TYPE, 2022–2027 (‘000 UNITS) 201 12 COMPETITIVE LANDSCAPE 202 12.1 OVERVIEW 202 12.2 REVENUE ANALYSIS OF TOP COMPANIES 202 FIGURE 61 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN INDUSTRIAL VEHICLES MARKET 202 12.2.1 MARKET SHARE OF KEY PLAYERS 203 TABLE 205 INDUSTRIAL VEHICLES MARKET: DEGREE OF COMPETITION 203 12.3 COMPETITIVE SCENARIO 204 12.3.1 DEALS 204 TABLE 206 DEALS, 2018–2021 205 12.3.2 NEW PRODUCT LAUNCHES 206 TABLE 207 NEW PRODUCT LAUNCHES, 2018–2022 206 12.3.3 OTHERS, 2018–2022 208 TABLE 208 EXPANSION, 2018–2021 208 12.4 COMPANY EVALUATION QUADRANT FOR INDUSTRIAL VEHICLES MARKET 210 12.4.1 STARS 210 12.4.2 EMERGING LEADERS 210 12.4.3 PERVASIVE 210 12.4.4 PARTICIPANTS 211 FIGURE 62 INDUSTRIAL VEHICLES MARKET: COMPANY EVALUATION QUADRANT, 2021 211 TABLE 209 INDUSTRIAL VEHICLES MARKET: COMPANY FOOTPRINT, 2021 212 TABLE 210 INDUSTRIAL VEHICLES MARKET: DRIVE TYPE FOOTPRINT, 2021 212 TABLE 211 INDUSTRIAL VEHICLES MARKET: REGIONAL FOOTPRINT, 2021 213   12.5 SME EVALUATION QUADRANT FOR INDUSTRIAL VEHICLES MARKET 213 12.5.1 PROGRESSIVE COMPANIES 213 12.5.2 RESPONSIVE COMPANIES 213 12.5.3 DYNAMIC COMPANIES 213 12.5.4 STARTING BLOCKS 214 FIGURE 63 INDUSTRIAL VEHICLES MARKET: SME EVALUATION QUADRANT, 2021 214 12.6 COMPANY EVALUATION QUADRANT FOR AERIAL WORK PLATFORM MARKET 215 12.6.1 STARS 215 12.6.2 EMERGING LEADERS 215 12.6.3 PERVASIVE 215 12.6.4 PARTICIPANTS 215 FIGURE 64 AERIAL WORK PLATFORM MARKET: COMPANY EVALUATION QUADRANT, 2021 216 12.7 RIGHT TO WIN, 2018–2022 217 TABLE 212 RIGHT TO WIN, 2018–2022 217