Industrialization in Asia Pacific to drive Industrial Personnel and Burden Carrier (Electric) Market to US$174.6 mn globally by 2021: Transparency Market Research

Albany – New York, Sept. 28, 2015 (GLOBE NEWSWIRE) — 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.

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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.

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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.

The report covers the global industrial personnel and burden carrier (electric) market, and provides data in terms of revenue (USD Million) from 2015 to 2021.

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The global industrial personnel and burden carrier (electric) market has been segmented as follows:

Global Industrial Personnel and Burden Carrier (Electric) Market: By Type

Personnel Carrier

  • 2 to 5Seater
  • 5 to 10Seater
  • 10Seater and above

Burden Carrier

  • Stand Up
  • Sit Down

Global Industrial Personnel and Burden Carrier (Electric) Market: By Load Capacity

Personnel Carrier

  • 500 lbs to 2000 lbs
  • 2000 lbs to 5000 lbs
  • 5000 lbs and above

Burden Carrier

  • Less than 1000 lbs
  • 1000 lbs to 5000 lbs
  • 5000 lbs to 10,000 lbs
  • 10,000 lbs and above

Global Industrial Personnel and Burden Carrier (Electric) Market: By Geography/ Country

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • U.K.
  • Italy
  • Spain
  • France
  • Germany
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • Oceania
  • Rest of Asia Pacific

RoW

  • Middle East
  • South America
  • Others

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