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PUBLISHER: Lucintel | PRODUCT CODE: 1845569
PUBLISHER: Lucintel | PRODUCT CODE: 1845569
Industrial Truck Market Report: Trends, Forecast and Competitive Analysis to 2031
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The future of the global industrial truck market looks promising with opportunities in the construction, logistics, and mining markets. The global industrial truck market is expected to grow with a CAGR of 4.8% from 2025 to 2031. The major drivers for this market are the swift ascent of the e-commerce sector and growing demand for autonomous industrial trucks capable of efficiently handling materials and equipment.
- Lucintel forecasts that, within the power category, electric is expected to witness the largest growth over the forecast period due to their projected efficiency, reduced environmental impact, and advancements in electric vehicle technologies.
- Within the application category, construction will remain the largest segment due to increased demand for material handling in building projects, driving the market share in industrial trucks.
- In terms of regions, North America is expected to witness the largest growth over the forecast period due to a large market size, established industrial infrastructure, and increased demand for industrial trucks.
Emerging Trends in the Industrial Truck Market
However, one of the industrial trucks towards which the majority of manufacturers are now moving has several new features. We mean, of course, the industrial truck market, which is suffering from constant disruptions, has undergone several emerging trends. This outlines some behavioral changes in the marketplaces whose trend is towards the future of material handling and logistics. Therefore, stakeholders will be well-placed when they appreciate these trends in relation to the future operation of the business.
- Increased Adoption of Electric Trucks: Electric trucks are becoming more popular. The move towards electric industrial trucks is gaining pace as companies strive to achieve a low center of gravity for both emissions and costs by operating electric vehicles. Compared to their traditionally used counterparts, internal combustion engines, electric trucks are more energy efficient and have much lower maintenance costs, all of which are compliant with the global trend towards sustainability.
- Growth of Autonomous and Semi-Autonomous Vehicles: The emergence of autonomous and semi-autonomous industrial trucks is on the rise, thanks to the increase in robotic applications and artificial intelligence. These vehicles make operations more effective and safer by reducing human errors and improving material handling efficiency, thus making labor less expensive.
- Integration of IoT and Digital Technologies: The integration of IoT and digital technologies is changing the face of the industrial truck market as we know it. Real-time data collection and analytics help with better fleet management, predictive maintenance, and therefore better visibility of operations, which increases efficiency and reduces downtime.
- Focus on Sustainability and Energy Efficiency: Environmental responsibility is a key trend, accompanied by improvements in industrial trucks regarding energy efficiency and ecological safety. This involves achievements in electric and hybrid technologies, along with higher fuel efficiency and lower pollution levels.
- Expansion of Smart Logistics Solutions: The demand for smart logistics solutions is increasing and includes novel technologies, pick-and-pack systems, and smart inventory management systems. These solutions improve overall quality and efficiency in operations, hence reducing costs and the chances of errors during the handling and distribution of materials.
These emerging trends are reforming the industrial truck industry by advancing technological progress, increasing sustainability, and enhancing efficiency in operations. The increasing use of electric and autonomous vehicles and the further integration of IoT and smart logistics are changing the handling of materials and logistic processes. As these trends evolve, their impact on the market will be more apparent than ever, especially in the industrial trucking sector.
Recent Developments in the Industrial Truck Market
Recent key developments in the industrial truck market identify significant advancements in technology, sustainability, and operational efficiency. These developments highlight improvements in electric and autonomous vehicles, enhancements in safety and performance, and an increasing focus on smart logistics. It is therefore important to appreciate these key developments since they benefit stakeholders who wish to remain relevant in the changing industrial truck landscape.
- Rise of Electric Industrial Trucks: It is noteworthy that the rapid introduction and rising market penetration of electric industrial trucks are currently unprecedented. The expansion in the adoption of electric industrial trucks is driven by advancements in electric battery technology and environmental regulations. Electric trucks are non-polluting, easy to operate, affordable in maintenance, and ergonomic in all operations, thereby improving organizational performance in material handling.
- Progress in the Field of Driverless Vehicles: Sophisticated features such as built-in sensors and artificial intelligence enhance industrial automated trucks and forklifts. This progress optimizes productivity, reduces labor costs, and ensures safety by performing simple, repetitive tasks, thereby decreasing errors in material handling procedures.
- Integration of IoT and Fleet Management Systems: The use of IoT technology in industrial trucks enhances fleet management in ways that were not previously possible. Data collection and analytics allow for understanding how vehicles function, recognizing when maintenance is needed, and gauging vehicle utilization, thus reducing operational costs and downtime.
- Growth in Hybrid Truck Technologies: Hybrid industrial trucks, which utilize both electricity and an engine, are gaining popularity. They are more efficient in fuel consumption and emissions and offer more power, making them suitable for multiple purposes across industries while complying with regulations without compromising performance.
- Enhanced Safety Features and Standards: Safety features and compliance with new safety regulations are two main areas of development within the industrial truck market. Improvements in operator safety include collision prevention systems, driving support systems including ADAS, and better ergonomic design, which reduce accidents in the industry.
These recent developments significantly affect the industrial truck market by driving technological change, fostering operational optimizations, and improving safety aspects. The trends in electric and autonomous vehicles, IoT integration, and hybrid systems development emphasize better performance and eco-friendliness. Progress in these areas provides new benchmarks and a new vision for the industrial truck sector.
Strategic Growth Opportunities in the Industrial Truck Market
The industrial truck market presents various strategic growth opportunities due to existing technologies and industry directions. Identifying such opportunities allows stakeholders to take advantage of changing realities and improve their market standing. Key growth areas include innovations in electric and autonomous trucks, smarter logistics practices, and sustainable practices.
- Electric Truck Expansion: The growth of electric trucks offers a significant opportunity for businesses as companies aim to go green and reduce operational costs. Electric trucks meet low-emission and high-efficiency requirements, making these vehicles crucial in a business sector focused on sustainable development and green strategies.
- Adoption of Autonomous Vehicles in Logistics: The integration of autonomous vehicles into materials handling and logistics presents substantial potential opportunities. These vehicles can maximize warehouse activities, save on labor costs, and enhance safety through proper handling of goods, benefiting businesses that seek to improve operational efficiency and productivity.
- Development of Smart Logistics Technologies: The development of smart logistics technologies, such as automated storage systems and transport elements of warehouse management, offers growth possibilities for the industrial truck market. These solutions enhance process accuracy and reduce costs, consequently increasing the demand for modern industrial trucks and corresponding technology.
- Hybrid Truck Technologies: The development and introduction of hybrid truck technologies that utilize both electric motors and internal combustion engines represent growth in industries where effective and flexible solutions are needed. Hybrid trucks improve fuel economy and lower emissions, making them suitable for various industrial processes and environmental policies.
- Growth in the Industrial Truck Market Driven by Sustainability Campaigns: The industrial truck market is expanding due to sustainability campaigns as companies strive to comply with environmental policies and external stakeholder demands. Electric and hybrid trucks are seen as positive investments as they align with current global demands for a cleaner environment and open new markets.
The strategic growth opportunities in the industrial truck market should transform the industry by emphasizing sustainability, increasing automation, and developing smart logistics. The growing penetration of electric and autonomous trucks, along with hybrid technologies and smart solutions, is causing significant shifts in material handling and logistics operations. These opportunities are improving efficiencies, lowering costs, and preparing the market for future expansion.
Industrial Truck Market Driver and Challenges
The industrial truck market shares its revenue among global players and faces both favorable and unfavorable factors affecting its growth. Among these are new technologies, market economic conditions, and regulations. These drivers and challenges are important for stakeholders since understanding the complexities of the industrial truck market enables the identification of emerging opportunities.
The factors responsible for driving the industrial truck market include:
- Technological Advancements: The combination of electric and autonomous trucks is a key technological driver in the industrial truck market. This improves operational efficiency, lowers costs, and enhances safety, thus spurring greater acceptance and funding of advanced industrial truck technologies.
- Increase in Automation: The rise in the movement of materials and logistics through automated trucks is propelling the industrial market. Automated trucks and forklifts leverage new trends in the industry, reducing costs, increasing productivity, and improving safety.
- Environmental Regulation: Due to the desire to meet sustainable development goals, there is rapid growth in the use of electric and hybrid industrial trucks. Organizations are adopting greener models to comply with legal frameworks and reduce greenhouse gas emissions, thereby enhancing the market for electric and hybrid trucks.
- Economic Growth and Expansion: The growth in the economy and industrial sectors, including manufacturing and logistics, is creating a surge in the industrial trucks market. Increased production and distribution activities require efficient material movement, leading to a higher demand for industrial trucks.
- The Role of the Internet of Things and Fleet Management Integration: The integration of IoT and fleet management systems is a notable driving force in the industrial truck market. Real-time data collection and analysis enhance fleet operations, management, and maintenance routines, promoting the adoption of optimally connected and intelligent industrial trucks.
Challenges in the industrial truck market are:
- High Initial Costs: A major challenge for companies adopting electric or autonomous industrial trucks is their high price, as these models are still advanced. Firms may lack the capacity to invest in additional technologies, which affects market growth.
- Infrastructure Limitations: Other limitations affecting the adoption of new technologies include infrastructure challenges, such as the lack of charging systems for electric trucks and the need for specialized tools or garages for maintenance. Addressing these design and infrastructure challenges is essential for the effective use of advanced industrial trucks.
- Regulatory and Safety Compliance: Adhering to health and safety policies and ever-changing regulations can be difficult for manufacturers and users of industrial trucks. The challenge is to comply with high standards without compromising the safety and reliability of newer technologies, which can often be complicated and costly.
Other factors considered drivers and challenges in the industrial truck market demonstrate the volatility of circumstances in this industry. Barriers include management principles such as efficiency and lean management systems, modernization through technology, and external factors including policies and market dynamics. Adopting political, legal, and environmental considerations will assist stakeholders in maximizing opportunities while managing threats in the changing industrial truck market.
List of Industrial Truck Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies industrial truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial truck companies profiled in this report include-
- Anhui Heli
- Cargotec
- Caterpillar
- Clark Material Handling Company
- Combilift
- Crown Equipment
- Doosan
- EP Equipment
- Flexi Narrow Aisle
- Godrej & Boyce
Industrial Truck by Segment
The study includes a forecast for the global industrial truck market by power, capacity, product, application, and region.
Industrial Truck Market by Power [Analysis by Value from 2019 to 2031]:
- Conventional
- Electric
- Manual
Industrial Truck Market by Capacity [Analysis by Value from 2019 to 2031]:
- Above 2.5 Tons
- Below 2.5 Tons
Industrial Truck Market by Product [Analysis by Value from 2019 to 2031]:
- Counterbalanced Lift Truck
- Hand Truck
- Pallet Jack
- Platform Truck
- Reach Truck
- Tow Tractor
- Turret Truck
- Walkie Stacker
Industrial Truck Market by Application [Analysis by Value from 2019 to 2031]:
- Construction
- Logistics
- Mining
- Others
Industrial Truck Market by Region [Analysis by Value from 2019 to 2031]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Country Wise Outlook for the Industrial Truck Market
Due to technological advancements, economic changes, and regulatory shifts, the industrial truck market is evolving rapidly. Innovations in electric and self-driving vehicles are driving more efficient logistics and material handling, transforming core markets. The United States, China, Germany, India, and Japan are leading this change, with each country contributing to advancements based on its industrial needs. Understanding these developments helps explain how the global industrial truck industry is positioned to cope with current trends.
- United States: In the U.S., the industrial truck market is shifting towards the adoption of electric and autonomous trucks at an impressive rate. Companies like Tesla and Amazon are at the forefront of promoting electric-powered forklifts and trucks, motivated by legal requirements for environmental protection and efficiency. Additionally, intensive IoT integration is being pursued for operational enhancement and safety through controlled fleet movement and tracking.
- China: China is making significant strides in industrial truck sales through electric vehicles and smart logistics systems. Leading manufacturers like BYD and Hangcha are developing electric-powered lift trucks and AGVs. The Chinese government's active policies promoting green technology and intelligent manufacturing are facilitating the rapid adoption of these technologies to improve industrial processes.
- Germany: Germany leads in harnessing automation alongside digital trends within the industrial truck sector. Companies like KION Group and Jungheinrich AG integrate advanced warehouse control technologies with industrial trucks. With its strong position in Industry 4.0 and focus on energy issues, Germany is well-suited for advanced industrial truck manufacturing.
- India: The Indian industrial truck market is broadening with a growing demand for affordable and robust products. Indian manufacturers are producing moderately priced industrial trucks suitable for various industries. Furthermore, electric and hybrid variants are increasingly attractive as the country seeks energy-efficient and low-emission technologies.
- Japan: Japan is modernizing and focusing on innovations in the industrial truck market, particularly in automation and energy efficiency. Toyota Industries Company is leading this trend with automated forklifts and fuel cell electric trucks. Emphasizing high-tech approaches and environmentally friendly practices encourages the adoption of new technologies in manufacturing processes.
Features of the Global Industrial Truck Market
- Market Size Estimates: Industrial truck market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
- Segmentation Analysis: Industrial truck market size by type, application, and region in terms of value ($B).
- Regional Analysis: Industrial truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the industrial truck market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial truck market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
This report answers following 11 key questions:
- Q.1. What are some of the most promising, high-growth opportunities for the industrial truck market by power (conventional, electric, and manual), capacity (above 2.5 tons and below 2.5 tons), product (counterbalanced lift truck, hand truck, pallet jack, platform truck, reach truck, tow tractor, turret truck, and walkie stacker), application (construction, logistics, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- Q.2. Which segments will grow at a faster pace and why?
- Q.3. Which region will grow at a faster pace and why?
- Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- Q.5. What are the business risks and competitive threats in this market?
- Q.6. What are the emerging trends in this market and the reasons behind them?
- Q.7. What are some of the changing demands of customers in the market?
- Q.8. What are the new developments in the market? Which companies are leading these developments?
- Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Market Overview
- 2.1 Background and Classifications
- 2.2 Supply Chain
3. Market Trends & Forecast Analysis
- 3.2 Industry Drivers and Challenges
- 3.3 PESTLE Analysis
- 3.4 Patent Analysis
- 3.5 Regulatory Environment
4. Global Industrial Truck Market by Power
- 4.1 Overview
- 4.2 Attractiveness Analysis by Power
- 4.3 Conventional: Trends and Forecast (2019-2031)
- 4.4 Electric: Trends and Forecast (2019-2031)
- 4.5 Manual: Trends and Forecast (2019-2031)
5. Global Industrial Truck Market by Capacity
- 5.1 Overview
- 5.2 Attractiveness Analysis by Capacity
- 5.3 Above 2.5 Tons: Trends and Forecast (2019-2031)
- 5.4 Below 2.5 Tons: Trends and Forecast (2019-2031)
6. Global Industrial Truck Market by Product
- 6.1 Overview
- 6.2 Attractiveness Analysis by Product
- 6.3 Counterbalanced Lift Truck: Trends and Forecast (2019-2031)
- 6.4 Hand Truck: Trends and Forecast (2019-2031)
- 6.5 Pallet Jack: Trends and Forecast (2019-2031)
- 6.6 Platform Truck: Trends and Forecast (2019-2031)
- 6.7 Reach Truck: Trends and Forecast (2019-2031)
- 6.8 Tow Tractor: Trends and Forecast (2019-2031)
- 6.9 Turret Truck: Trends and Forecast (2019-2031)6.10 Walkie Stacker: Trends and Forecast (2019-2031)
7. Global Industrial Truck Market by Application
- 7.1 Overview
- 7.2 Attractiveness Analysis by Application
- 7.3 Construction: Trends and Forecast (2019-2031)
- 7.4 Logistics: Trends and Forecast (2019-2031)
- 7.5 Mining: Trends and Forecast (2019-2031)
- 7.6 Others: Trends and Forecast (2019-2031)
8. Regional Analysis
- 8.1 Overview
- 8.2 Global Industrial Truck Market by Region
9. North American Industrial Truck Market
- 9.1 Overview
- 9.2 North American Industrial Truck Market by Power
- 9.3 North American Industrial Truck Market by Application
- 9.4 United States Industrial Truck Market
- 9.5 Mexican Industrial Truck Market
- 9.6 Canadian Industrial Truck Market
10. European Industrial Truck Market
- 10.1 Overview
- 10.2 European Industrial Truck Market by Power
- 10.3 European Industrial Truck Market by Application
- 10.4 German Industrial Truck Market
- 10.5 French Industrial Truck Market
- 10.6 Spanish Industrial Truck Market
- 10.7 Italian Industrial Truck Market
- 10.8 United Kingdom Industrial Truck Market
11. APAC Industrial Truck Market
- 11.1 Overview
- 11.2 APAC Industrial Truck Market by Power
- 11.3 APAC Industrial Truck Market by Application
- 11.4 Japanese Industrial Truck Market
- 11.5 Indian Industrial Truck Market
- 11.6 Chinese Industrial Truck Market
- 11.7 South Korean Industrial Truck Market
- 11.8 Indonesian Industrial Truck Market
12. ROW Industrial Truck Market
- 12.1 Overview
- 12.2 ROW Industrial Truck Market by Power
- 12.3 ROW Industrial Truck Market by Application
- 12.4 Middle Eastern Industrial Truck Market
- 12.5 South American Industrial Truck Market
- 12.6 African Industrial Truck Market
13. Competitor Analysis
- 13.1 Product Portfolio Analysis
- 13.2 Operational Integration
- 13.3 Porter's Five Forces Analysis
- Competitive Rivalry
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Threat of Substitutes
- Threat of New Entrants
- 13.4 Market Share Analysis
14. Opportunities & Strategic Analysis
- 14.1 Value Chain Analysis
- 14.2 Growth Opportunity Analysis
- 14.2.1 Growth Opportunities by Power
- 14.2.2 Growth Opportunities by Capacity
- 14.2.3 Growth Opportunities by Product
- 14.2.4 Growth Opportunities by Application
- 14.3 Emerging Trends in the Global Industrial Truck Market
- 14.4 Strategic Analysis
- 14.4.1 New Product Development
- 14.4.2 Certification and Licensing
- 14.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures
15. Company Profiles of the Leading Players Across the Value Chain
- 15.1 Competitive Analysis
- 15.2 Anhui Heli
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.3 Cargotec
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.4 Caterpillar
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.5 Clark Material Handling Company
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.6 Combilift
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.7 Crown Equipment
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.8 Doosan
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.9 EP Equipment
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.10 Flexi Narrow Aisle
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
- 15.11 Godrej & Boyce
- Company Overview
- Industrial Truck Business Overview
- New Product Development
- Merger, Acquisition, and Collaboration
- Certification and Licensing
16. Appendix
- 16.1 List of Figures
- 16.2 List of Tables
- 16.3 Research Methodology
- 16.4 Disclaimer
- 16.5 Copyright
- 16.6 Abbreviations and Technical Units
- 16.7 About Us
- 16.8 Contact Us
List of Figures
- Figure 1.1: Trends and Forecast for the Global Industrial Truck Market
- Figure 2.1: Usage of Industrial Truck Market
- Figure 2.2: Classification of the Global Industrial Truck Market
- Figure 2.3: Supply Chain of the Global Industrial Truck Market
- Figure 3.1: Driver and Challenges of the Industrial Truck Market
- Figure 3.2: PESTLE Analysis
- Figure 3.3: Patent Analysis
- Figure 3.4: Regulatory Environment
- Figure 4.1: Global Industrial Truck Market by Power in 2019, 2024, and 2031
- Figure 4.2: Trends of the Global Industrial Truck Market ($B) by Power
- Figure 4.3: Forecast for the Global Industrial Truck Market ($B) by Power
- Figure 4.4: Trends and Forecast for Conventional in the Global Industrial Truck Market (2019-2031)
- Figure 4.5: Trends and Forecast for Electric in the Global Industrial Truck Market (2019-2031)
- Figure 4.6: Trends and Forecast for Manual in the Global Industrial Truck Market (2019-2031)
- Figure 5.1: Global Industrial Truck Market by Capacity in 2019, 2024, and 2031
- Figure 5.2: Trends of the Global Industrial Truck Market ($B) by Capacity
- Figure 5.3: Forecast for the Global Industrial Truck Market ($B) by Capacity
- Figure 5.4: Trends and Forecast for Above 2.5 Tons in the Global Industrial Truck Market (2019-2031)
- Figure 5.5: Trends and Forecast for Below 2.5 Tons in the Global Industrial Truck Market (2019-2031)
- Figure 6.1: Global Industrial Truck Market by Product in 2019, 2024, and 2031
- Figure 6.2: Trends of the Global Industrial Truck Market ($B) by Product
- Figure 6.3: Forecast for the Global Industrial Truck Market ($B) by Product
- Figure 6.4: Trends and Forecast for Counterbalanced Lift Truck in the Global Industrial Truck Market (2019-2031)
- Figure 6.5: Trends and Forecast for Hand Truck in the Global Industrial Truck Market (2019-2031)
- Figure 6.6: Trends and Forecast for Pallet Jack in the Global Industrial Truck Market (2019-2031)
- Figure 6.7: Trends and Forecast for Platform Truck in the Global Industrial Truck Market (2019-2031)
- Figure 6.8: Trends and Forecast for Reach Truck in the Global Industrial Truck Market (2019-2031)
- Figure 6.9: Trends and Forecast for Tow Tractor in the Global Industrial Truck Market (2019-2031)
- Figure 6.10: Trends and Forecast for Turret Truck in the Global Industrial Truck Market (2019-2031)
- Figure 6.11: Trends and Forecast for Walkie Stacker in the Global Industrial Truck Market (2019-2031)
- Figure 7.1: Global Industrial Truck Market by Application in 2019, 2024, and 2031
- Figure 7.2: Trends of the Global Industrial Truck Market ($B) by Application
- Figure 7.3: Forecast for the Global Industrial Truck Market ($B) by Application
- Figure 7.4: Trends and Forecast for Construction in the Global Industrial Truck Market (2019-2031)
- Figure 7.5: Trends and Forecast for Logistics in the Global Industrial Truck Market (2019-2031)
- Figure 7.6: Trends and Forecast for Mining in the Global Industrial Truck Market (2019-2031)
- Figure 7.7: Trends and Forecast for Others in the Global Industrial Truck Market (2019-2031)
- Figure 8.1: Trends of the Global Industrial Truck Market ($B) by Region (2019-2024)
- Figure 8.2: Forecast for the Global Industrial Truck Market ($B) by Region (2025-2031)
- Figure 9.1: North American Industrial Truck Market by Power in 2019, 2024, and 2031
- Figure 9.2: Trends of the North American Industrial Truck Market ($B) by Power (2019-2024)
- Figure 9.3: Forecast for the North American Industrial Truck Market ($B) by Power (2025-2031)
- Figure 9.4: North American Industrial Truck Market by Application in 2019, 2024, and 2031
- Figure 9.5: Trends of the North American Industrial Truck Market ($B) by Application (2019-2024)
- Figure 9.6: Forecast for the North American Industrial Truck Market ($B) by Application (2025-2031)
- Figure 9.7: Trends and Forecast for the United States Industrial Truck Market ($B) (2019-2031)
- Figure 9.8: Trends and Forecast for the Mexican Industrial Truck Market ($B) (2019-2031)
- Figure 9.9: Trends and Forecast for the Canadian Industrial Truck Market ($B) (2019-2031)
- Figure 10.1: European Industrial Truck Market by Power in 2019, 2024, and 2031
- Figure 10.2: Trends of the European Industrial Truck Market ($B) by Power (2019-2024)
- Figure 10.3: Forecast for the European Industrial Truck Market ($B) by Power (2025-2031)
- Figure 10.4: European Industrial Truck Market by Application in 2019, 2024, and 2031
- Figure 10.5: Trends of the European Industrial Truck Market ($B) by Application (2019-2024)
- Figure 10.6: Forecast for the European Industrial Truck Market ($B) by Application (2025-2031)
- Figure 10.7: Trends and Forecast for the German Industrial Truck Market ($B) (2019-2031)
- Figure 10.8: Trends and Forecast for the French Industrial Truck Market ($B) (2019-2031)
- Figure 10.9: Trends and Forecast for the Spanish Industrial Truck Market ($B) (2019-2031)
- Figure 10.10: Trends and Forecast for the Italian Industrial Truck Market ($B) (2019-2031)
- Figure 10.11: Trends and Forecast for the United Kingdom Industrial Truck Market ($B) (2019-2031)
- Figure 11.1: APAC Industrial Truck Market by Power in 2019, 2024, and 2031
- Figure 11.2: Trends of the APAC Industrial Truck Market ($B) by Power (2019-2024)
- Figure 11.3: Forecast for the APAC Industrial Truck Market ($B) by Power (2025-2031)
- Figure 11.4: APAC Industrial Truck Market by Application in 2019, 2024, and 2031
- Figure 11.5: Trends of the APAC Industrial Truck Market ($B) by Application (2019-2024)
- Figure 11.6: Forecast for the APAC Industrial Truck Market ($B) by Application (2025-2031)
- Figure 11.7: Trends and Forecast for the Japanese Industrial Truck Market ($B) (2019-2031)
- Figure 11.8: Trends and Forecast for the Indian Industrial Truck Market ($B) (2019-2031)
- Figure 11.9: Trends and Forecast for the Chinese Industrial Truck Market ($B) (2019-2031)
- Figure 11.10: Trends and Forecast for the South Korean Industrial Truck Market ($B) (2019-2031)
- Figure 11.11: Trends and Forecast for the Indonesian Industrial Truck Market ($B) (2019-2031)
- Figure 12.1: ROW Industrial Truck Market by Power in 2019, 2024, and 2031
- Figure 12.2: Trends of the ROW Industrial Truck Market ($B) by Power (2019-2024)
- Figure 12.3: Forecast for the ROW Industrial Truck Market ($B) by Power (2025-2031)
- Figure 12.4: ROW Industrial Truck Market by Application in 2019, 2024, and 2031
- Figure 12.5: Trends of the ROW Industrial Truck Market ($B) by Application (2019-2024)
- Figure 12.6: Forecast for the ROW Industrial Truck Market ($B) by Application (2025-2031)
- Figure 12.7: Trends and Forecast for the Middle Eastern Industrial Truck Market ($B) (2019-2031)
- Figure 12.8: Trends and Forecast for the South American Industrial Truck Market ($B) (2019-2031)
- Figure 12.9: Trends and Forecast for the African Industrial Truck Market ($B) (2019-2031)
- Figure 13.1: Porter's Five Forces Analysis of the Global Industrial Truck Market
- Figure 13.2: Market Share (%) of Top Players in the Global Industrial Truck Market (2024)
- Figure 14.1: Growth Opportunities for the Global Industrial Truck Market by Power
- Figure 14.2: Growth Opportunities for the Global Industrial Truck Market by Capacity
- Figure 14.3: Growth Opportunities for the Global Industrial Truck Market by Product
- Figure 14.4: Growth Opportunities for the Global Industrial Truck Market by Application
- Figure 14.5: Growth Opportunities for the Global Industrial Truck Market by Region
- Figure 14.6: Emerging Trends in the Global Industrial Truck Market
List of Tables
- Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the Industrial Truck Market by Power, Capacity, Product, and Application
- Table 1.2: Attractiveness Analysis for the Industrial Truck Market by Region
- Table 1.3: Global Industrial Truck Market Parameters and Attributes
- Table 3.1: Trends of the Global Industrial Truck Market (2019-2024)
- Table 3.2: Forecast for the Global Industrial Truck Market (2025-2031)
- Table 4.1: Attractiveness Analysis for the Global Industrial Truck Market by Power
- Table 4.2: Market Size and CAGR of Various Power in the Global Industrial Truck Market (2019-2024)
- Table 4.3: Market Size and CAGR of Various Power in the Global Industrial Truck Market (2025-2031)
- Table 4.4: Trends of Conventional in the Global Industrial Truck Market (2019-2024)
- Table 4.5: Forecast for Conventional in the Global Industrial Truck Market (2025-2031)
- Table 4.6: Trends of Electric in the Global Industrial Truck Market (2019-2024)
- Table 4.7: Forecast for Electric in the Global Industrial Truck Market (2025-2031)
- Table 4.8: Trends of Manual in the Global Industrial Truck Market (2019-2024)
- Table 4.9: Forecast for Manual in the Global Industrial Truck Market (2025-2031)
- Table 5.1: Attractiveness Analysis for the Global Industrial Truck Market by Capacity
- Table 5.2: Market Size and CAGR of Various Capacity in the Global Industrial Truck Market (2019-2024)
- Table 5.3: Market Size and CAGR of Various Capacity in the Global Industrial Truck Market (2025-2031)
- Table 5.4: Trends of Above 2.5 Tons in the Global Industrial Truck Market (2019-2024)
- Table 5.5: Forecast for Above 2.5 Tons in the Global Industrial Truck Market (2025-2031)
- Table 5.6: Trends of Below 2.5 Tons in the Global Industrial Truck Market (2019-2024)
- Table 5.7: Forecast for Below 2.5 Tons in the Global Industrial Truck Market (2025-2031)
- Table 6.1: Attractiveness Analysis for the Global Industrial Truck Market by Product
- Table 6.2: Market Size and CAGR of Various Product in the Global Industrial Truck Market (2019-2024)
- Table 6.3: Market Size and CAGR of Various Product in the Global Industrial Truck Market (2025-2031)
- Table 6.4: Trends of Counterbalanced Lift Truck in the Global Industrial Truck Market (2019-2024)
- Table 6.5: Forecast for Counterbalanced Lift Truck in the Global Industrial Truck Market (2025-2031)
- Table 6.6: Trends of Hand Truck in the Global Industrial Truck Market (2019-2024)
- Table 6.7: Forecast for Hand Truck in the Global Industrial Truck Market (2025-2031)
- Table 6.8: Trends of Pallet Jack in the Global Industrial Truck Market (2019-2024)
- Table 6.9: Forecast for Pallet Jack in the Global Industrial Truck Market (2025-2031)
- Table 6.10: Trends of Platform Truck in the Global Industrial Truck Market (2019-2024)
- Table 6.11: Forecast for Platform Truck in the Global Industrial Truck Market (2025-2031)
- Table 6.12: Trends of Reach Truck in the Global Industrial Truck Market (2019-2024)
- Table 6.13: Forecast for Reach Truck in the Global Industrial Truck Market (2025-2031)
- Table 6.14: Trends of Tow Tractor in the Global Industrial Truck Market (2019-2024)
- Table 6.15: Forecast for Tow Tractor in the Global Industrial Truck Market (2025-2031)
- Table 6.16: Trends of Turret Truck in the Global Industrial Truck Market (2019-2024)
- Table 6.17: Forecast for Turret Truck in the Global Industrial Truck Market (2025-2031)
- Table 6.18: Trends of Walkie Stacker in the Global Industrial Truck Market (2019-2024)
- Table 6.19: Forecast for Walkie Stacker in the Global Industrial Truck Market (2025-2031)
- Table 7.1: Attractiveness Analysis for the Global Industrial Truck Market by Application
- Table 7.2: Market Size and CAGR of Various Application in the Global Industrial Truck Market (2019-2024)
- Table 7.3: Market Size and CAGR of Various Application in the Global Industrial Truck Market (2025-2031)
- Table 7.4: Trends of Construction in the Global Industrial Truck Market (2019-2024)
- Table 7.5: Forecast for Construction in the Global Industrial Truck Market (2025-2031)
- Table 7.6: Trends of Logistics in the Global Industrial Truck Market (2019-2024)
- Table 7.7: Forecast for Logistics in the Global Industrial Truck Market (2025-2031)
- Table 7.8: Trends of Mining in the Global Industrial Truck Market (2019-2024)
- Table 7.9: Forecast for Mining in the Global Industrial Truck Market (2025-2031)
- Table 7.10: Trends of Others in the Global Industrial Truck Market (2019-2024)
- Table 7.11: Forecast for Others in the Global Industrial Truck Market (2025-2031)
- Table 8.1: Market Size and CAGR of Various Regions in the Global Industrial Truck Market (2019-2024)
- Table 8.2: Market Size and CAGR of Various Regions in the Global Industrial Truck Market (2025-2031)
- Table 9.1: Trends of the North American Industrial Truck Market (2019-2024)
- Table 9.2: Forecast for the North American Industrial Truck Market (2025-2031)
- Table 9.3: Market Size and CAGR of Various Power in the North American Industrial Truck Market (2019-2024)
- Table 9.4: Market Size and CAGR of Various Power in the North American Industrial Truck Market (2025-2031)
- Table 9.5: Market Size and CAGR of Various Application in the North American Industrial Truck Market (2019-2024)
- Table 9.6: Market Size and CAGR of Various Application in the North American Industrial Truck Market (2025-2031)
- Table 9.7: Trends and Forecast for the United States Industrial Truck Market (2019-2031)
- Table 9.8: Trends and Forecast for the Mexican Industrial Truck Market (2019-2031)
- Table 9.9: Trends and Forecast for the Canadian Industrial Truck Market (2019-2031)
- Table 10.1: Trends of the European Industrial Truck Market (2019-2024)
- Table 10.2: Forecast for the European Industrial Truck Market (2025-2031)
- Table 10.3: Market Size and CAGR of Various Power in the European Industrial Truck Market (2019-2024)
- Table 10.4: Market Size and CAGR of Various Power in the European Industrial Truck Market (2025-2031)
- Table 10.5: Market Size and CAGR of Various Application in the European Industrial Truck Market (2019-2024)
- Table 10.6: Market Size and CAGR of Various Application in the European Industrial Truck Market (2025-2031)
- Table 10.7: Trends and Forecast for the German Industrial Truck Market (2019-2031)
- Table 10.8: Trends and Forecast for the French Industrial Truck Market (2019-2031)
- Table 10.9: Trends and Forecast for the Spanish Industrial Truck Market (2019-2031)
- Table 10.10: Trends and Forecast for the Italian Industrial Truck Market (2019-2031)
- Table 10.11: Trends and Forecast for the United Kingdom Industrial Truck Market (2019-2031)
- Table 11.1: Trends of the APAC Industrial Truck Market (2019-2024)
- Table 11.2: Forecast for the APAC Industrial Truck Market (2025-2031)
- Table 11.3: Market Size and CAGR of Various Power in the APAC Industrial Truck Market (2019-2024)
- Table 11.4: Market Size and CAGR of Various Power in the APAC Industrial Truck Market (2025-2031)
- Table 11.5: Market Size and CAGR of Various Application in the APAC Industrial Truck Market (2019-2024)
- Table 11.6: Market Size and CAGR of Various Application in the APAC Industrial Truck Market (2025-2031)
- Table 11.7: Trends and Forecast for the Japanese Industrial Truck Market (2019-2031)
- Table 11.8: Trends and Forecast for the Indian Industrial Truck Market (2019-2031)
- Table 11.9: Trends and Forecast for the Chinese Industrial Truck Market (2019-2031)
- Table 11.10: Trends and Forecast for the South Korean Industrial Truck Market (2019-2031)
- Table 11.11: Trends and Forecast for the Indonesian Industrial Truck Market (2019-2031)
- Table 12.1: Trends of the ROW Industrial Truck Market (2019-2024)
- Table 12.2: Forecast for the ROW Industrial Truck Market (2025-2031)
- Table 12.3: Market Size and CAGR of Various Power in the ROW Industrial Truck Market (2019-2024)
- Table 12.4: Market Size and CAGR of Various Power in the ROW Industrial Truck Market (2025-2031)
- Table 12.5: Market Size and CAGR of Various Application in the ROW Industrial Truck Market (2019-2024)
- Table 12.6: Market Size and CAGR of Various Application in the ROW Industrial Truck Market (2025-2031)
- Table 12.7: Trends and Forecast for the Middle Eastern Industrial Truck Market (2019-2031)
- Table 12.8: Trends and Forecast for the South American Industrial Truck Market (2019-2031)
- Table 12.9: Trends and Forecast for the African Industrial Truck Market (2019-2031)
- Table 13.1: Product Mapping of Industrial Truck Suppliers Based on Segments
- Table 13.2: Operational Integration of Industrial Truck Manufacturers
- Table 13.3: Rankings of Suppliers Based on Industrial Truck Revenue
- Table 14.1: New Product Launches by Major Industrial Truck Producers (2019-2024)
- Table 14.2: Certification Acquired by Major Competitor in the Global Industrial Truck Market
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