Industrial Vehicles Market Insights 2022 to 2030 - Key Factors fueling the Market Growth, Forecast 2030
Market Synopsis According to MRFR, the global Industrial Vehicles Market is estimated to reach around USD 35 billion by 2025, rising at 3.5% CAGR over the forecast period. Market Highlights Growing the number of vast warehouses set up by e-commerce firms such as Amazon and eBay fuels the global demand for commercial vehicles largely. Most of these e-commerce warehouses require industrial vehicles to stack vast quantities of items and deliver the packed goods from the warehouse to the end user in a cost-effective and reliable manner. The market is also driven by increased use of battery-operated industrial vehicles with increased environmental awareness and government regulations for controlling industrial vehicle carbon dioxide emissions.Sales of fuel-efficient commercial vehicles such as battery-operated commercial vehicles are projected to boom with the increase in fuel prices. The increased need to carry temperature-sensitive products fuels demand for industrial refrigerated veh