Africa Industrial Vehicles Market (2020-2026) | Revenue, COVID-19 IMPACT, Growth, Forecast, Trends, Industry, Outlook, Share, Value, Companies, Analysis & Size

Africa Industrial Vehicles Market is expected to witness growth over the coming years. The rising opportunities for technological advancements, digitalization and rising manufacturing industries are driving a demand influx in the industrial vehicles market in Africa. Industrial vehicles have become key equipment of utility in production & warehousing activities. Further, growing e-commerce and retail business worldwide is giving rise to warehouses that require industrial vehicles to arrange the products in order. The growing demand for industrial vehicles in Africa from e-commerce and retail is helping to continue the substantial growth in the industrial vehicles market. Moreover, industrial vehicles are extensively utilized in Africa to lift as well as transport heavy products like container goods and crates over a minimal distance. They are immensely used in warehousing functionalities, dockyards, and recycling functions for performing loading along with unloading of products from vehicles. However, due to the Covid-19 pandemic, there has been a halt in demand for industrial vehicles.

According to 6Wresearch, Africa Industrial Vehicles Market size is anticipated to register growth during 2020-26. Growing industrialization in developing countries like Africa is expected to drive the industrial vehicles market during the forecast period. Moreover, massive acceptance of online shopping in Morocco, Egypt and South Africa are huge funding of major players in the e-commerce sector for the production of the equipment will steer the industrial vehicles market. Furthermore, the surge in construction activities along will infrastructural funding will prop up the growth of the industrial vehicles market. Upgrading infrastructure and services, and improving performance in Africa’s container ports and hinterland transport networks helps in the growth of industrial vehicles. Further, the best-connected countries are those at the continent’s corners, where international shipping routes connect to hub ports which increase the demand for industrial vehicles in Morocco, Egypt and South Africa. Moreover, the automation of warehouses and storage facilities in developing countries like Africa is increasing at a significant rate. Additionally, the government has taken initiatives related to infrastructure developments and technological advancement which is beneficial to the industrial vehicles market.

In terms of product type, the industrial vehicles market in Africa is categorized into aisle trucks, forklifts, container handlers, and tow tractors. The container handlers segment is dominating the market due to large material handling, high reliability. Based on the drive type, the ICE segment holds the largest share in the Africa industrial vehicles market due to better acceleration, lift speeds and lower maintenance costs.

Africa Industrial Vehicles Market report thoroughly covers the market by product type, drive type, application and countries including Nigeria, Kenya, Ghana, South Africa and the rest of Africa. The industrial vehicles market outlook report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics

Key Highlights

• Africa Industrial Vehicles Market Outlook
• Africa Industrial Vehicles Market Overview
• Africa Industrial Vehicles Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Africa Industrial Vehicles Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Drive Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Ghana Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Africa and Africa Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Industrial Vehicles Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Africa Industrial Vehicles Market
• Market Drivers and Restraints
• Africa Industrial Vehicles Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Industrial Vehicles Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Drive Type:
• Internal Combustion Engine
• Battery-operated
• Gas-powered
• By Application:
• Industrial
• Cargo
• By Product Type:
• Forklift
• Tow Truck
• Aisle Truck
• Container Handler
• By Countries:
• South Africa
• Kenya
• Nigeria
• Ghana
• Rest of Africa

Frequently Asked Questions About the Market Study (FAQs):