There is an augmented increase in the demand of golf carts powered by lithium-ion batteries. They are eco-friendly, light weight and could be used for various purposes. Its use is increasing in community purposes and in daily transportation needs. Certain factors such as rising fuel prices, regulations on emission of motor vehicles is highly increasing the demand of such vehicles for transportation which is exponentially increasing the demand of other transportation equipment manufacturing market.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL OTHER TRANSPORTATION EQUIPMENT MANUFACTURING MARKET AT $546 BILLION IN 2017
Asia Pacific was the largest geographic region accounting for one-third of the global market.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, automation in the manufacturing industry is growing significantly. Because of this manufacturing firms have expertise like robotics, wireless technology and driverless vehicles. Transportation equipment are now more affordable, small, compact, and energy-efficient than before.
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The other transportation equipment manufacturing industry comprises establishments engaged in manufacturing transportation equipment (except motor vehicles and parts, aerospace products and parts, railroad rolling stock, ship building, and boat manufacturing).
Other Transportation Equipment Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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