PUBLISHER: Inkwood Research | PRODUCT CODE: 1838204
PUBLISHER: Inkwood Research | PRODUCT CODE: 1838204
India Material Handling Vehicles Market Forecast 2025-2032
KEY FINDINGS
The India material handling vehicles market size is valued at $2.84 billion as of 2025 and is expected to reach $4.55 billion by 2032, growing at a CAGR of 6.99% during the forecast period 2025-2032.
India's material handling vehicles market demonstrates exceptional growth potential driven by rapid industrialization and infrastructure development. E-commerce expansion transforms logistics infrastructure as Amazon India, Flipkart, and Reliance JioMart invest heavily in fulfillment networks. The Make in India initiative promotes domestic manufacturing capabilities and attracts foreign direct investment across industrial sectors.
MARKET INSIGHTS
Government infrastructure programs, including the National Logistics Policy, support warehouse development and supply chain modernization. Rising labor costs in urban areas accelerate automation adoption despite abundant workforce availability. Additionally, smart city projects create demand for modern logistics facilities equipped with advanced material handling systems. Cold chain infrastructure expands rapidly to support agricultural exports and pharmaceutical distribution across the vast subcontinent.
Manufacturing sectors witness significant expansion as global companies establish production bases to diversify supply chains. Automotive, electronics, textiles, and pharmaceuticals represent key industries driving material handling equipment demand. Infrastructure bottlenecks also gradually improve as dedicated freight corridors and industrial parks enhance logistics efficiency.
Moreover, the Goods and Services Tax (GST) implementation rationalizes warehouse networks and encourages larger, more efficient facilities. Small and medium enterprises increasingly recognize the benefits of modern material handling solutions for operational improvements. Foreign equipment manufacturers partner with local players to navigate market complexities and cost sensitivities. Consequently, the Indian market offers substantial opportunities for vendors providing affordable, reliable equipment with strong after-sales support networks.
Third-party logistics (3PL) providers expand operations rapidly to serve growing e-commerce and manufacturing sectors throughout India. Companies like Blue Dart, Delhivery, and Mahindra Logistics modernize warehouse facilities with advanced material handling equipment. The 3PL segment requires versatile equipment capable of handling diverse product categories and order volumes.
Automation adoption accelerates as logistics providers seek competitive advantages through operational efficiency and faster turnaround times. However, infrastructure challenges, including power reliability and facility standardization, affect deployment strategies. Contract logistics growth creates demand for flexible ownership models, including leasing and rental options that reduce capital requirements.
Multi-client warehouse facilities gain popularity as cost-sharing arrangements make modern infrastructure accessible to smaller businesses. Technology integration becomes critical as 3PL providers implement warehouse management systems requiring compatible material handling equipment. Real-time tracking capabilities and data analytics enable performance monitoring and continuous improvement initiatives.
Furthermore, same-day and next-day delivery commitments necessitate efficient material handling processes within distribution centers. Vendors offering scalable solutions with modular automation capabilities capture significant market opportunities. Investment in 3PL infrastructure continues growing as organized retail and e-commerce penetration reach tier-2 and tier-3 cities. Nevertheless, skilled operator shortages require equipment manufacturers to emphasize ease of operation and comprehensive training programs.
SEGMENTATION ANALYSIS
The India material handling vehicles market is segmented into vehicle type, application, power source, and ownership model. The power source segment is further categorized into electric (Li-ion and lead acid), internal combustion engine, hydrogen fuel cells, and hybrid.
The lease ownership model emerges as a preferred option in India's material handling vehicles market among cost-conscious businesses. Capital constraints push companies toward operational expenditure models rather than substantial upfront equipment investments. Leasing arrangements provide access to modern equipment with predictable monthly payments and include maintenance services.
Moreover, tax benefits associated with lease payments improve financial attractiveness for businesses across size categories. Equipment upgrade flexibility enables companies to adopt newer technologies without residual asset disposal challenges. Seasonal businesses benefit particularly from leasing arrangements that align equipment availability with demand fluctuations.
Financial institutions and equipment manufacturers develop tailored leasing programs addressing diverse customer requirements and credit profiles. Bundled service packages reduce operational complexity as maintenance, repairs, and operator training are integrated into lease agreements. Additionally, technology obsolescence concerns diminish as lease terms typically align with equipment lifecycle considerations.
Growing awareness of the total cost of ownership advantages drives lease model adoption across manufacturing and logistics sectors. Vendors offering flexible lease structures with customizable terms and conditions gain competitive advantages in price-sensitive markets. Nevertheless, credit assessment requirements and documentation processes present barriers for smaller enterprises seeking equipment access through leasing arrangements.
COMPETITIVE INSIGHTS
Some of the top players operating in the India material handling vehicles market include Toyota Industries Corporation, Kion Group AG, Jungheinrich AG, Anhui Heli Co Ltd, etc.
Anhui Heli Co Ltd establishes a growing presence in India's material handling vehicles market through competitive pricing strategies and localized manufacturing initiatives. Headquartered in Hefei, China, the company operates as one of Asia's largest forklift manufacturers with extensive product portfolios. Anhui Heli specializes in electric forklifts, internal combustion forklifts, reach trucks, pallet trucks, and warehouse equipment serving diverse industrial applications. The company's cost-effective solutions appeal particularly to price-sensitive Indian customers in the manufacturing and logistics sectors.
Moreover, Anhui Heli emphasizes product reliability and durability through rigorous quality control processes and component selection. Indian market operations focus on establishing dealer networks and service centers across major industrial hubs, including Mumbai, Delhi, Bangalore, and Chennai. Additionally, the company adapts equipment specifications to address local operating conditions, infrastructure limitations, and customer requirements.
Furthermore, Anhui Heli develops partnerships with local distributors, ensuring parts availability and maintenance support accessibility. The company's manufacturing scale enables competitive pricing while maintaining acceptable quality standards for emerging market applications.
1. RESEARCH SCOPE & METHODOLOGY
- 1.1. STUDY OBJECTIVES
- 1.2. METHODOLOGY
- 1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
- 2.1. MARKET SIZE & FORECAST
- 2.2. MARKET OVERVIEW
- 2.3. SCOPE OF STUDY
- 2.4. CRISIS SCENARIO ANALYSIS
- 2.5. MAJOR MARKET FINDINGS
- 2.5.1. INDIA IS EXPERIENCING RAPID GROWTH IN MATERIAL HANDLING VEHICLES DRIVEN BY INFRASTRUCTURE AND E-COMMERCE EXPANSION
- 2.5.2. DOMESTIC MANUFACTURERS ARE GAINING MARKET SHARE WITH COST-EFFECTIVE EQUIPMENT AND LOCALIZED SOLUTIONS
- 2.5.3. AUTOMATED GUIDED VEHICLES AND ELECTRIC FORKLIFTS ARE EMERGING AS FASTEST-GROWING SEGMENTS
- 2.5.4. THE GOVERNMENT'S MAKE IN INDIA INITIATIVE IS BOOSTING DEMAND FOR MODERNIZED INDUSTRIAL EQUIPMENT
3. MARKET DYNAMICS
- 3.1. KEY DRIVERS
- 3.1.1. EXPANSION OF E-COMMERCE AND THIRD-PARTY LOGISTICS SECTOR
- 3.1.2. RAPID INDUSTRIALIZATION AND SMART MANUFACTURING INITIATIVES
- 3.1.3. STRONG GOVERNMENT INVESTMENTS IN INFRASTRUCTURE AND WAREHOUSING
- 3.1.4. RISING ADOPTION OF ELECTRIC AND ENERGY-EFFICIENT VEHICLES
- 3.2. KEY RESTRAINTS
- 3.2.1. HIGH INITIAL COSTS OF ADVANCED AUTOMATED VEHICLES
- 3.2.2. LACK OF SKILLED WORKFORCE FOR OPERATING MODERN HANDLING EQUIPMENT
- 3.2.3. LIMITED ADOPTION IN SMALL AND MEDIUM-SIZED ENTERPRISES
- 3.2.4. INFRASTRUCTURAL BOTTLENECKS AND SUPPLY CHAIN INEFFICIENCIES
4. KEY ANALYTICS
- 4.1. KEY MARKET TRENDS
- 4.1.1. INCREASING SHIFT TOWARD ELECTRIC AND LI-ION POWERED MATERIAL HANDLING VEHICLES
- 4.1.2. RISING DEMAND FOR LEASING AND RENTAL MODELS INSTEAD OF PURCHASING
- 4.1.3. INTEGRATION OF IOT AND TELEMATICS INTO FLEET MANAGEMENT SYSTEMS
- 4.1.4. PARTNERSHIPS BETWEEN GLOBAL OEMS AND LOCAL MANUFACTURERS
- 4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
- 4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR INDIA
- 4.4. MARKET MATURITY ANALYSIS
- 4.5. MARKET CONCENTRATION ANALYSIS
- 4.6. VALUE CHAIN ANALYSIS
- 4.6.1. RAW MATERIAL AND COMPONENT SUPPLIERS
- 4.6.2. SUBSYSTEM AND COMPONENT MANUFACTURERS
- 4.6.3. ORIGINAL EQUIPMENT MANUFACTURERS (OEMS)
- 4.6.4. SYSTEM INTEGRATORS AND SOLUTION PROVIDERS
- 4.6.5. DISTRIBUTION AND SALES CHANNELS
- 4.6.6. END-USERS AND APPLICATION INDUSTRIES
- 4.6.7. AFTERMARKET SERVICES AND SUPPORT PROVIDERS
- 4.7. KEY BUYING CRITERIA
- 4.7.1. RELIABILITY AND DURABILITY OF EQUIPMENT
- 4.7.2. LOAD CAPACITY AND PERFORMANCE SPECIFICATIONS
- 4.7.3. AUTOMATION AND TECHNOLOGY INTEGRATION
- 4.7.4. ENERGY EFFICIENCY AND POWER CONSUMPTION
- 4.7.5. AFTER-SALES SERVICE AND SUPPORT
- 4.7.6. EASE OF OPERATION AND OPERATOR TRAINING
- 4.7.7. FLEXIBILITY AND CUSTOMIZATION OPTIONS
- 4.7.8. SAFETY AND REGULATORY COMPLIANCE
- 4.7.9. VENDOR REPUTATION AND CUSTOMER REFERENCES
- 4.8. REGULATORY FRAMEWORK
5. MATERIAL HANDLING VEHICLES MARKET BY VEHICLE TYPE
- 5.1. FORKLIFTS
- 5.1.1. BY LOAD CAPACITY
- 5.1.1.1. BELOW 5 TONS
- 5.1.1.2. 5-10 TONS
- 5.1.1.3. 11-36 TONS
- 5.1.1.4. ABOVE 36 TONS
- 5.1.2. BY CLASS
- 5.1.2.1. CLASS 1
- 5.1.2.2. CLASS 2
- 5.1.2.3. CLASS 3
- 5.1.2.4. CLASS 4/5
- 5.1.1. BY LOAD CAPACITY
- 5.2. PALLET JACKS
- 5.3. TOW TRACTORS
- 5.4. AUTOMATED GUIDED VEHICLES (AGVS)
6. MATERIAL HANDLING VEHICLES MARKET BY APPLICATION
- 6.1. MANUFACTURING
- 6.1.1. DURABLE
- 6.1.2. NON-DURABLE
- 6.2. THIRD-PARTY LOGISTICS (3PL)
- 6.3. E-COMMERCE
- 6.4. GENERAL MERCHANDISE
- 6.5. FOOD & BEVERAGE
- 6.6. OTHER APPLICATIONS
7. MATERIAL HANDLING VEHICLES MARKET BY POWER SOURCE
- 7.1. ELECTRIC
- 7.1.1. LI-ION
- 7.1.2. LEAD ACID
- 7.2. INTERNAL COMBUSTION ENGINE
- 7.3. HYDROGEN FUEL CELLS
- 7.4. HYBRID
8. MATERIAL HANDLING VEHICLES MARKET BY OWNERSHIP MODEL
- 8.1. LEASE
- 8.2. PURCHASING
- 8.3. RENTING
- 8.4. USED EQUIPMENT
9. COMPETITIVE LANDSCAPE
- 9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
- 9.2. COMPANY PROFILES
- 9.2.1. ANHUI HELI CO LTD
- 9.2.1.1. COMPANY OVERVIEW
- 9.2.1.2. PRODUCTS
- 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. CLARK MATERIAL HANDLING COMPANY
- 9.2.2.1. COMPANY OVERVIEW
- 9.2.2.2. PRODUCTS
- 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. CROWN EQUIPMENT CORPORATION
- 9.2.3.1. COMPANY OVERVIEW
- 9.2.3.2. PRODUCTS
- 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. DOOSAN INDUSTRIAL VEHICLE
- 9.2.4.1. COMPANY OVERVIEW
- 9.2.4.2. PRODUCTS
- 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. EP EQUIPMENT
- 9.2.5.1. COMPANY OVERVIEW
- 9.2.5.2. PRODUCTS
- 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. HANGCHA GROUP CO LTD
- 9.2.6.1. COMPANY OVERVIEW
- 9.2.6.2. PRODUCTS
- 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. HYSTER-YALE MATERIALS HANDLING INC
- 9.2.7.1. COMPANY OVERVIEW
- 9.2.7.2. PRODUCTS
- 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. JUNGHEINRICH AG
- 9.2.8.1. COMPANY OVERVIEW
- 9.2.8.2. PRODUCTS
- 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. KION GROUP AG
- 9.2.9.1. COMPANY OVERVIEW
- 9.2.9.2. PRODUCTS
- 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. KOMATSU LTD
- 9.2.10.1. COMPANY OVERVIEW
- 9.2.10.2. PRODUCTS
- 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. MITSUBISHI LOGISNEXT CO LTD
- 9.2.11.1. COMPANY OVERVIEW
- 9.2.11.2. PRODUCTS
- 9.2.11.3. STRENGTHS & CHALLENGES
- 9.2.12. TOYOTA INDUSTRIES CORPORATION
- 9.2.12.1. COMPANY OVERVIEW
- 9.2.12.2. PRODUCTS
- 9.2.12.3. STRENGTHS & CHALLENGES
- 9.2.1. ANHUI HELI CO LTD
LIST OF TABLES
- TABLE 1: MARKET SNAPSHOT - MATERIAL HANDLING VEHICLES
- TABLE 2: MARKET BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 3: MARKET BY VEHICLE TYPE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 4: MARKET BY FORKLIFTS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 5: MARKET BY FORKLIFTS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 6: MARKET BY LOAD CAPACITY, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 7: MARKET BY LOAD CAPACITY, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 8: MARKET BY CLASS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 9: MARKET BY CLASS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 10: MARKET BY APPLICATION, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 11: MARKET BY APPLICATION, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 12: MARKET BY MANUFACTURING, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 13: MARKET BY MANUFACTURING, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 14: MARKET BY POWER SOURCE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 15: MARKET BY POWER SOURCE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 16: MARKET BY ELECTRIC, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 17: MARKET BY ELECTRIC, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 18: MARKET BY OWNERSHIP MODEL, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 19: MARKET BY OWNERSHIP MODEL, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 20: KEY PLAYERS OPERATING IN THE INDIA MARKET
- TABLE 21: LIST OF MERGERS & ACQUISITIONS
- TABLE 22: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
- TABLE 23: LIST OF PARTNERSHIPS & AGREEMENTS
- TABLE 24: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
- FIGURE 1: KEY MARKET TRENDS
- FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
- FIGURE 3: GROWTH PROSPECT MAPPING FOR INDIA
- FIGURE 4: MARKET MATURITY ANALYSIS
- FIGURE 5: MARKET CONCENTRATION ANALYSIS
- FIGURE 6: VALUE CHAIN ANALYSIS
- FIGURE 7: KEY BUYING CRITERIA
- FIGURE 8: SEGMENT GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2024
- FIGURE 9: FORKLIFTS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 10: SEGMENT GROWTH POTENTIAL, BY FORKLIFTS, IN 2024
- FIGURE 11: LOAD CAPACITY MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 12: SEGMENT GROWTH POTENTIAL, BY LOAD CAPACITY, IN 2024
- FIGURE 13: BELOW 5 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 14: 5-10 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 15: 11-36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 16: ABOVE 36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 17: SEGMENT GROWTH POTENTIAL, BY CLASS, IN 2024
- FIGURE 18: CLASS 1 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 19: CLASS 2 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 20: CLASS 3 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 21: CLASS 4/5 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 22: PALLET JACKS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 23: TOW TRACTORS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 24: AUTOMATED GUIDED VEHICLES (AGVS) MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 25: SEGMENT GROWTH POTENTIAL, BY APPLICATION, IN 2024
- FIGURE 26: MANUFACTURING MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 27: SEGMENT GROWTH POTENTIAL, BY MANUFACTURING, IN 2024
- FIGURE 28: DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 29: NON-DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 30: THIRD-PARTY LOGISTICS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 31: E-COMMERCE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 32: GENERAL MERCHANDISE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 33: FOOD & BEVERAGE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 34: OTHER APPLICATIONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 35: SEGMENT GROWTH POTENTIAL, BY POWER SOURCE, IN 2024
- FIGURE 36: ELECTRIC MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 37: SEGMENT GROWTH POTENTIAL, BY ELECTRIC, IN 2024
- FIGURE 38: LI-ION MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 39: LEAD ACID MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 40: INTERNAL COMBUSTION ENGINE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 41: HYDROGEN FUEL CELLS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 42: HYBRID MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 43: SEGMENT GROWTH POTENTIAL, BY OWNERSHIP MODEL, IN 2024
- FIGURE 44: LEASE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 45: PURCHASING MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 46: RENTING MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 47: USED EQUIPMENT MARKET SIZE, 2025-2032 (IN $ MILLION)
LIST OF TABLES
- TABLE 1: MARKET SNAPSHOT - MATERIAL HANDLING VEHICLES
- TABLE 2: MARKET BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 3: MARKET BY VEHICLE TYPE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 4: MARKET BY FORKLIFTS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 5: MARKET BY FORKLIFTS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 6: MARKET BY LOAD CAPACITY, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 7: MARKET BY LOAD CAPACITY, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 8: MARKET BY CLASS, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 9: MARKET BY CLASS, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 10: MARKET BY APPLICATION, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 11: MARKET BY APPLICATION, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 12: MARKET BY MANUFACTURING, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 13: MARKET BY MANUFACTURING, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 14: MARKET BY POWER SOURCE, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 15: MARKET BY POWER SOURCE, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 16: MARKET BY ELECTRIC, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 17: MARKET BY ELECTRIC, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 18: MARKET BY OWNERSHIP MODEL, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
- TABLE 19: MARKET BY OWNERSHIP MODEL, FORECAST YEARS, 2025-2032 (IN $ MILLION)
- TABLE 20: KEY PLAYERS OPERATING IN THE INDIA MARKET
- TABLE 21: LIST OF MERGERS & ACQUISITIONS
- TABLE 22: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
- TABLE 23: LIST OF PARTNERSHIPS & AGREEMENTS
- TABLE 24: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
- FIGURE 1: KEY MARKET TRENDS
- FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
- FIGURE 3: GROWTH PROSPECT MAPPING FOR INDIA
- FIGURE 4: MARKET MATURITY ANALYSIS
- FIGURE 5: MARKET CONCENTRATION ANALYSIS
- FIGURE 6: VALUE CHAIN ANALYSIS
- FIGURE 7: KEY BUYING CRITERIA
- FIGURE 8: SEGMENT GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2024
- FIGURE 9: FORKLIFTS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 10: SEGMENT GROWTH POTENTIAL, BY FORKLIFTS, IN 2024
- FIGURE 11: LOAD CAPACITY MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 12: SEGMENT GROWTH POTENTIAL, BY LOAD CAPACITY, IN 2024
- FIGURE 13: BELOW 5 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 14: 5-10 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 15: 11-36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 16: ABOVE 36 TONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 17: SEGMENT GROWTH POTENTIAL, BY CLASS, IN 2024
- FIGURE 18: CLASS 1 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 19: CLASS 2 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 20: CLASS 3 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 21: CLASS 4/5 MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 22: PALLET JACKS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 23: TOW TRACTORS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 24: AUTOMATED GUIDED VEHICLES (AGVS) MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 25: SEGMENT GROWTH POTENTIAL, BY APPLICATION, IN 2024
- FIGURE 26: MANUFACTURING MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 27: SEGMENT GROWTH POTENTIAL, BY MANUFACTURING, IN 2024
- FIGURE 28: DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 29: NON-DURABLE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 30: THIRD-PARTY LOGISTICS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 31: E-COMMERCE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 32: GENERAL MERCHANDISE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 33: FOOD & BEVERAGE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 34: OTHER APPLICATIONS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 35: SEGMENT GROWTH POTENTIAL, BY POWER SOURCE, IN 2024
- FIGURE 36: ELECTRIC MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 37: SEGMENT GROWTH POTENTIAL, BY ELECTRIC, IN 2024
- FIGURE 38: LI-ION MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 39: LEAD ACID MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 40: INTERNAL COMBUSTION ENGINE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 41: HYDROGEN FUEL CELLS MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 42: HYBRID MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 43: SEGMENT GROWTH POTENTIAL, BY OWNERSHIP MODEL, IN 2024
- FIGURE 44: LEASE MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 45: PURCHASING MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 46: RENTING MARKET SIZE, 2025-2032 (IN $ MILLION)
- FIGURE 47: USED EQUIPMENT MARKET SIZE, 2025-2032 (IN $ MILLION)
