Global Industrial Vehicles Market

Manufacturing segment is expected to grow at a significant rate during the forecast period, by application

The manufacturing segment of the industrial vehicles market is projected to grow at the noticeable rate during the forecast period. The increasing adoption of industrial vehicles in automotive, chemical, food & beverages, and healthcare, among others, is expected to drive the manufacturing segment of the market during the forecast period.

These vehicles are used in manufacturing processes to store and retrieve inventory for the production line. Benefits such as short downtime, labor cost savings, reduced accidents on the production floor, and increased efficiency and flexibility have been encouraging manufacturers to invest in new product development. These benefits will drive the demand for industrial vehicles during the forecast period.