The competitive environment in the industrial truck market is largely driven by the growing demand for automation and diligent logistics solutions, which has made many businesses invest in the creation of electric and driverless industrial truck. The industrial truck market is also impacted by strategic alliances, mergers, and acquisitions that would increase operational capabilities and product offerings. For instance, in June 2023, GM announced an investment worth USD 632 million in its Fort Wayne facility to render funding for new tools, conveyors, and equipment to facilitate its Chevrolet Silverado 1500 and GMC Sierra 1500 trucks.
Here’s the list of some key players of industrial truck market:
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?