Growing concern about environment and advancement in battery technology have influenced any industries across the globe to adopt green-tech in their application. With traditional combustion-based boats emits high pollution, there is a need for an alternate energy source to propel boats. The electric boat is one such industry where manufacturers are shifting towards batteries for improving the carbon footprint of the industry. Along with this, with the passage of the Paris Climate Agreement, many countries of the world are forming laws to promote eco-friendly technologies, the boat industry is not an exclusion from it.
Growing demand for forklift trucks in various industries such as logistics, construction, infrastructural development, warehouse, and others will drive the demand for autonomous forklift trucks in the near future. Development of technologically advanced product for increasing the efficiency of material handling equipment will boost the market demand. For instance, in April 2019, Hyundai Heavy Industries introduced its new autonomous forklift truck.
The global forklift trucks market is growing competently, expected to grow at a CAGR of 4.7% during the estimated period from 2019 to 2027, starting from US$ 33.81 Bn in 2018. Global growth in the e-commerce logistics industry and growing demand for modern material handling equipment will boost the forklift trucks market growth. Growing investments in the manufacturing, mining, and construction industry will also boost the market demand. The growth of retail industry worldwide will also boost the demand for forklift trucks.
In 2018, the global commercial vehicles market was estimated at US$ 1.05 Tn and is expected to grow at a CAGR of 6.2% throughout the forecast period from 2019 to 2027. Development of global economy, expansion of logistics industry and improved road infrastructure globally are the major key factors for global commercial vehicles market growth. As per OICA, around 5% more vehicles was sold in 2018 as compared to 2017.
The global autonomous vehicle market is expected to expand at a CAGR of 35.6% during the forecast period from 2019 to 2027. The projected growth of the autonomous vehicle market worldwide is bolstered by a combination of factors including continually growing adoption of Artificial Intelligence (AI), rising adoption of Internet of Things (IoT) in connected mobility, and development of state of the art infrastructure. These vehicles integrates software and sensors to operate and navigate the vehicle, which includes technologies such as light detection & ranging (LiDAR), and RADAR sensing.
Globally, the pallet trucks market is expected to grow with a CAGR of 7.1% during the forecast period from 2019 to 2027, starting from US$ 29.72 Bn in 2018. The growth of the market is driven by the explosive growth in the e-commerce market. Over the past decade, a significant surge in the e-commerce market has been witnessed. The e-commerce market was estimated to be around US$ 2.3 trillion in 2017 and is estimated to reach US$ 4.8 trillion by 2021.
Globally, the autonomous trucks market is expected to grow with a CAGR of more than 9.5% during the forecast period from 2019 to 2027, starting from US$3.5 Bn in 2018. In recent years, the consumer's interest in the self-driving vehicle is rising rapidly all over the world. The automated mobility gaining its popularity among commercial vehicles. The growing demand for autonomous trucks to reduce the cost and improve safety is the primary factor that drives the growth of autonomous trucks market.
The on-demand transportation market worldwide is expected to grow with a CAGR of 16.30% during the forecast period from 2019 to 2027, starting from US$ 47.62 Bn in 2018. The on-demand transportation market is expected to witness tremendous growth in the near future due to the rise in smartphones and internet penetration. On account of increased traffic problems, insufficient parking spaces and increase in the utilization of cab/taxi sharing services is driving the market.
The global electric two-wheelers market was valued at US$ 12.72 Bn in 2018 and expected to witness a notable growth, expanding at CAGR of 8.17% during the forecast period from 2019 to 2027. Technological advancements in automotive field coupled with need for carbon emission control have paved the way for electric vehicles thereby stimulating the demand for electric two-wheelers. Electric two-wheelers accounted for major share in overall electric vehicles market worldwide in 2018.
The global recreational vehicles market is expected to reach US$ 61.25 Bn by 2027, registering a steady resurgent growth of 5.9% during the forecast period from 2019 to 2027. In 2018, North America led the recreational vehicle market worldwide in terms of both value and units shipped. The region alone accounts for almost half of the global recreational vehicle sales and is presumed to retain its supremacy through the forecast period, exhibiting resurgent growth post economic recovery.
Transport & Logistics Market Research Reports
Transport & Logistics is the core of the management activities that is involved in high flow of consumable services & goods as well as heavy industrial products that are transported from a place to its destination. Transportation, distribution, shipping and logistics are some of the features driving and supplementing the growth & expansion of supply chain management.
As per the current survey, the market of transport & logistics business activities is highly competitive in nature. Transport & Logistics market research reports of Acute Market Reports includes in-depth market research analysis of logistics market, data warehousing, freight transportation and management activities displaying their scope of growth & expansion in present and future. Further, it also encompasses the incorporation of services like shipping, data packaging, data storage, inventory handling and material handling for reasons of safety, convenience & security.
Amidst the complexity of large-scale industrial/market production and transport, location and period of utility play a major role/part in the efficient functioning of the entire supply management process. Subsequently, these factors are analyzed in-depth, maximized and projected with the help of collective research study of essential transport & logistics market research reports.
Acute Market Reports is a primary source for obtaining same market research study reports based on transport & logistics activities carried out regularly/continuously all across the globe. Transport & Logistics market research analysis and market study reports listed in the overview section of the market research reports of Acute Market Reports is most authentic and definite source of study in the transport & logistics sector.
These comprehensively researched transport & logistics market reports includes most upgraded information about the company overview, financial overview, market structure, market size , market revenue figures, business strategies, market limitations, market growth factors, market dynamics of transport & logistics market, modelled analysis, segmentation, product differentiation, product analysis, market constraints/inhibitors, competitive market dynamics, future market projections and current &future market trends that boost the Transport & Logistics market growth in different regions all across the globe.
