MUMBAI, India, July 25, 2013 /PRNewswire/ --
Bharat Book Bureau presents Industrial & Commercial Hybrid & Pure Electric Vehicles 2013-2023: Forecasts, Opportunities, Players (http://www.bharatbook.com/market-research-reports/automobiles-market-research-report/industrial-commercial-hybrid-pure-electric-vehicles-2013-2023-forecasts-opportunities-players.html)
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The market for electric industrial vehicles is already large because, by law, forklifts have to be electric when used indoors. That is about to change dramatically because hybrid electric versions reduce cost of ownership and exposure to price hikes with fossil fuels. Hybrids increasingly perform better as well, with more power from stationary, ability to supply electricity to other equipment and other benefits including less noise and pollution.
This report covers the technical and market trends for industrial and commercial vehicles whether hybrid or pure electric, putting it in the context of electric vehicles overall and including the activities of a host of manufacturers of the vehicles and their components and even providing future technological development roadmaps. Commercial electric vehicles today represent 60% of the value of the electric vehicle market. Indeed, this sector is set to grow 4.2 times in the next decade. Most of the electric vehicle technologies are changing and improving hugely and innovation often comes here before it is seen in the more publicized electric vehicle sectors such as cars.
Another industrial trend is for use of electric vehicles to replace slow and often dangerous manual procedures. Sometimes a self-powered indoor crane replaces scaffolding. An electric stair climber replaces human effort and possible injury. On the other hand, sit-on floor cleaners in buildings, sit-on ice cleaners in ice rinks, outrider vehicles carried on trash collection trucks and a host of similar solutions speed processes and reduce injuries and costs.
It is important to look at industrial and commercial electric vehicles as part of all electric vehicles out there - as we do - because it is increasingly true that one company will produce EVs for many end uses and even make key components. This achieves the product reliability and cost advantages that come from highest volume manufacture based on standardization and shared research.
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