Industrial Trucks - Global Strategic Business Report

Global Industrial Trucks Market to Reach $41 Billion by 2030

The global market for Industrial Trucks estimated at US$21.2 Billion in the year 2022, is projected to reach a revised size of US$41 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030. Counterbalanced Lift Truck, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$10.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Automatic Guided Vehicle segment is readjusted to a revised 9.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 14.1% CAGR

The Industrial Trucks market in the U.S. is estimated at US$5.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.3 Billion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.

Select Competitors (Total 42 Featured) -

• Anhui Heli Co. Ltd.
• Caterpillar
• Clark Material Handling Co. Ltd.
• Combilift Material Handling Solutions
• Crown Equipment Corporation
• Doosan Corporation
• EP Equipment Ltd.
• Godrej & Boyce Mfg. Co. Ltd.
• Hangcha Group Co. Ltd.
• Hyster-Yale Materials Handling Inc.
• Hyundai Heavy Industries Co. Ltd.
• Jungheinrich AG
• Kion Group AG
• Komatsu Ltd.
• Lonking Forklift Company Ltd.
• Mitsubishi Logisnext Co., Ltd.
• Mitsubishi Nichiyu Forklift Co. Ltd.
• SANY Group
• Toyota Industries Corporation

What's New?

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• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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