Global Trucks and Lifts Market - Forecasts from 2025 to 2030

The Global Trucks And Lifts Market is expected to grow from USD 47.052 billion in 2025 to USD 53.547 billion in 2030, at a CAGR of 2.62%.

The Trucks and Lifts Market Study provides a comprehensive analysis of the global trucks and lifts market, delivering actionable insights for industry experts navigating this dynamic sector. This study examines market trends, technological advancements, and competitive strategies, with detailed segmentation by type, industry vertical, and geography. Designed to support strategic decision-making, the Trucks and Lifts Market Study equips stakeholders with data-driven forecasts, regulatory insights, and competitive intelligence to capitalize on emerging opportunities in material handling and lifting solutions.

Study Overview

The Trucks and Lifts Market Study explores the global market for trucks (Hand Pallet Truck, Powered Pallet Truck, Sideloader Truck, Platform Trucks, Forklift Trucks, Others) and lifts (Boom Lift, Scissor Lift, Cherry Picker, Spider Lift, Others), segmented by industry vertical (Healthcare, Chemical, Construction, Logistics, Food and Beverage, Others) and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). It includes in-depth analyses such as Porter's Five Forces, Industry Value Chain, and market share evaluations, alongside strategic recommendations and regulatory insights to guide stakeholders in this evolving market.

Competitive Environment and Analysis

In the competitive intelligence section of the Trucks and Lifts Market Study, key players are highlighted for their strategic initiatives to strengthen market presence. For instance, Toyota Material Handling U.S.A has recently launched a new line of electric-powered forklift trucks with advanced battery management systems, enhancing energy efficiency and operational uptime for logistics and warehousing applications. This development reinforces Toyota's leadership in sustainable material handling solutions. Similarly, JLG Industries has expanded its portfolio through the introduction of hybrid-powered boom lifts, designed to meet the growing demand for eco-friendly equipment in the construction sector. The study also covers market share analysis, mergers, acquisitions, and a competitive dashboard to provide a holistic view of the market's competitive landscape.

Conclusion

The Trucks and Lifts Market Study is an essential resource for industry experts seeking to understand the complexities of the trucks and lifts market. By offering detailed segmentation, technological outlooks, and competitive intelligence, this study provides a robust framework for identifying growth opportunities and formulating effective strategies. With leading players like Toyota Material Handling U.S.A and JLG Industries driving innovation and sustainability, the Trucks and Lifts Market Study empowers stakeholders to stay ahead in this rapidly evolving industry.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.

Different segments covered under the trucks and lifts market report are as below:

By Type

• Truck
• Hand Pallet Truck
• Powered Pallet Truck
• Sideloader Truck
• Platform Trucks
• Forlift Trucks
• Others
• Lifts
• Boom Lift
• Scissor Lift
• Cherry Picker
• Spider Lift
• Others

By Industry Vertical

• Healthcare
• Chemical
• Construction
• Logistics
• Food and Beverage
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others