Quick Summary:
In an evolving global industry climate, understanding the dynamics of the global industrial vehicles market has become critical for strategic decision making. This comprehensive research report provides an in-depth analysis of the market, offering key insights to innovate, grow, and stay ahead.
The report takes into consideration multiple market influencers, such as the e-commerce surge, rising demand for Automated Guided Vehicles (AGVs), and emerging trends of battery-operated and hydrogen-powered forklifts. Additionally, it provides critical insights into significant growth sectors like the freight & logistics segment, driven by the offshoot of e-commerce and online shopping.
This study builds its rigorous analysis on in-depth interviews conducted with several industry top brass and numerous key organizations. Furthermore, the European market, expected to hold a significant share due to its advanced and organized framework, is closely examined. A special focus on emerging sectors, like warehousing, recognized as the fastest-growing segment, makes the report invaluable for any business looking to stay updated, informed, and competitive in the ever-changing marketplace.
It's time to equip yourself with data-driven insights and make informed decisions to catalyze your business growth. Investing in this research report offers you an edge over others and ensures your understanding of the industrial vehicles market is complete and comprehensive.
Europe is Expected to be the Significant Market During the Forecast Period
The global industrial vehicles market is projected to grow from USD 39.7 billion in 2023 to USD 49.2 billion by 2028, at a CAGR of 4.4%. Factors such as growth in e-commerce sector, in conjunction with the rising demand for Automated Guided Vehicles (AGVs) in material handling across industries are expected to bolster the demand for the industrial vehicles during the forecast period. In addition, the increasing penetration of battery-operated industrial vehicles, coupled with rising trends of hydrogen-powered forklifts are expected to create new opportunities for this market.
Freight & Logistics segment is expected to grow at a significant rate during the forecast period, by application.
The freight & logistics segment of the industrial vehicles market is projected to grow at the noticeable rate during the forecast period. The freight & logistics industry heavily relies on industrial vehicles, such as forklifts, tow tractors, etc., for the efficient movement of goods and materials within warehouses, distribution centers, and ports. These vehicles are essential for the loading and unloading of cargo from trucks, trains, and ships, as well as for the storage and retrieval of goods within facilities. As such, the demand for industrial vehicles in this sector is significant and continues to grow. One of the key drivers of demand for industrial vehicles in the freight & logistics industry is the increase in e-commerce and online shopping. As more consumers are shifting toward online retailers for their respective shopping needs/demands, the volume of goods being transported and stored in warehouses & distribution centers has risen significantly. This, in turn, has created a need for more vehicles, such as forklifts, to handle the increased workload and keep up with demand.
Europe is expected to be the significant market during the forecast period.
Germany, France, the UK, Spain, Italy, and the Rest of Europe have been considered for market analysis of Europe. Europe is expected to be one of the significant markets for industrial vehicles during the forecast period and will account for significant share of the global industrial vehicles market in 2023. The European industrial vehicles market is highly developed and organized and houses some of the major players, such as KION Group (Germany), Jungheinrich AG (Germany), and Konecranes (Finland). Germany is one of the leading warehousing markets in Europe due to its location, developed infrastructure, and technological expertise. Its strategic position that connects Eastern Europe to Western Europe has made it a popular warehousing destination. Warehouses in Germany are bigger in size and better in quality. The warehousing market in Germany is driven by e-commerce. As per International Trade Administration, in 2021, total e-commerce sales amounted to USD 127.5 billion, which translated to a 24% growth compared to 2020. As per International Trade Administration, it is expected that the online population in Germany is likely to increase from approximately 62 million in 2020 to approximately 68.4 million by 2025.
Warehousing is estimated to be the fastest growing segment in the industrial vehicles market during the forecast period
Warehousing is expected to be the fastest growing segment by application during the forecast period. Warehousing is a process of storing goods that will be sold or distributed in the near future. A warehouse helps manufacturers, distributors, or retailers hold goods safely while monitoring their inventory levels. Forklifts and conveyors are major material handling equipment used in warehouses. Industrial vehicles have been experiencing a rise in demand due to their benefits, such as higher efficiency, high accuracy, and less waste of resources, among others. For instance, industrial vehicles such as forklifts, tow tractors, aisle trucks, etc., are essential tools in the warehousing industry. These vehicles are used for a variety of material handling tasks, such as loading and unloading of products, moving pallets, and transporting goods throughout the warehouse. Industrial vehicles enable workers to move products quickly & safely in narrow aisles and tight spaces in warehouses and also reduce the risk of injuries from manual material handling. All these aforementioned factors are expected to bolster the revenue growth for warehousing segment of the global industrial vehicles market during the forecast period.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs - 70%, Tier I - 10%, and Others - 20%
- By Designation: CXOs - 33%, Managers - 52%, and Others - 15%
- By Region: North America - 41%, Europe - 23%, Asia Pacific - 32%, and RoW - 4%
The industrial vehicles market is dominated by major players including Toyota Industries Corporation (Japan), KION Group AG (Germany), Mitsubishi Logisnext Co., Ltd. (Japan), Jungheinrich AG (Germany), and Crown Equipment Corporation (US). These companies have strong product portfolio as well as strong distribution networks at the global level.
Research Coverage:
The report covers the industrial vehicles market, in terms of Vehicle Type & Capacity (Forklifts, Aisle Trucks, Tow Tractors, and Container Handlers), Drive Type (ICE, Battery-operated, and Gas-powered), Application (Manufacturing, Warehousing, Freight & Logistics, and Others), Level of Autonomy (Non/Semi-Autonomous and Autonomous), and Region (Asia Pacific, Europe, North America, and Row). It covers the competitive landscape and company profiles of the major players in the industrial vehicles market ecosystem.
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall industrial vehicles market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. The report also helps stakeholders understand the current and future pricing trend of different industrial vehicles based on their capacity.
The report provides insights on the following pointers:
Analysis of key drivers (Growth in warehousing and e-commerce sector, Technological advancements across end-use industries, Increasing focus on AGVs across end-use industries, and Increasing focus on improving workplace safety), restraints (High cost associated with automation, and High maintenance of industrial vehicles and lack of R&D facilities), opportunities (Rising demand for electrically operated industrial vehicles, Advent of smart factories in material handling industry, Development of autonomous, connected, and fleet management solutions), and challenges (Government regulations and safety concerns, and Low labor costs in emerging economies) influencing the growth of the industrial vehicles market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the industrial vehicles market
- Market Development: Comprehensive information about lucrative markets - the report analyses the industrial vehicles market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the industrial vehicles market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like Toyota Industries Corporation (Japan), KION Group AG (Germany), Mitsubishi Logisnext Co., Ltd. (Japan), Jungheinrich AG (Germany), and Crown Equipment Corporation (US), among others in the industrial vehicles market.
What is the estimated value of the Global Industrial Vehicles Market?
What is the growth rate of the Global Industrial Vehicles Market?
What is the forecasted size of the Global Industrial Vehicles Market?
Who are the key companies in the Global Industrial Vehicles Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 322 |
| Published | April 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 39.7 Billion |
| Forecasted Market Value ( USD | $ 49.2 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 41 |
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
Table 1 Industrial Vehicles Market Definition, by Vehicle Type
Table 2 Industrial Vehicles Market Definition, by Drive Type
Table 3 Aerial Work Platform Market Definition, by Type
1.2.1 Inclusions & Exclusions
Table 4 Inclusions & Exclusions in Industrial Vehicles Market
1.3 Market Scope
Figure 1 Markets Covered
1.3.1 Regions Covered
1.3.2 Years Considered
1.4 Currency & Pricing
Table 5 Currency Exchange Rates
1.5 Package Size
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Industrial Vehicles Market: Research Design
Figure 3 Research Design Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources for Industrial Vehicles Market
2.1.1.2 Key Secondary Sources for Lifting Platforms
2.1.1.3 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 4 Breakdown of Primary Interviews
2.1.2.1 List of Primary Participants
2.2 Market Size Estimation
Figure 5 Research Methodology: Hypothesis Building
2.2.1 Bottom-Up Approach
Figure 6 Industrial Vehicles Market Size: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 7 Industrial Vehicles Market Size: Top-Down Approach
Figure 8 Industrial Vehicles: Market Estimation Notes
2.2.3 Recession Impact Analysis
Figure 9 Industrial Vehicles Market: Research Design & Methodology - Demand Side
Figure 10 Market Size Estimation Methodology: Bottom-Up (Supply Side) - Collective Market Share of Major Players
2.3 Data Triangulation
Figure 11 Data Triangulation Methodology
2.4 Factor Analysis
Figure 12 Factor Analysis: Industrial Vehicles Market
Figure 13 Factor Analysis for Market Sizing: Demand and Supply Sides
2.5 Research Assumptions
2.6 Research Limitations
3 Executive Summary
Figure 14 Industrial Vehicles Market Overview
Figure 15 Industrial Vehicles Market, by Region, 2023-2028
Figure 16 Industrial Vehicles Market, by Drive Type, 2023 vs. 2028
Figure 17 Key Players in Industrial Vehicles Market
4 Premium Insights
4.1 Attractive Opportunities for Players in Industrial Vehicles Market
Figure 18 Increasing E-Commerce Sales & Revival of Manufacturing Sector to Boost Market
4.2 Industrial Vehicles Market, by Region
Figure 19 Asia-Pacific Projected to be Largest Market (Value) During Forecast Period
4.3 Industrial Vehicles Market, by Vehicle Type
Figure 20 Aisle Trucks to Dominate Market (USD Million)
4.4 Industrial Vehicles Market, by Drive Type
Figure 21 Battery-Operated to Remain Largest Segment (USD Million)
4.5 Industrial Vehicles Market, by Application
Figure 22 Warehousing Expected to be Fastest-Growing Segment (USD Million)
4.6 Aerial Work Platform Market, by Type
Figure 23 Boom Lifts to be Dominant Segment, 2023 vs. 2028 (USD Million)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Industrial Vehicles Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Warehousing and E-Commerce Sectors
Figure 25 US: Total E-Commerce Retail Sales, 2017-2022
Figure 26 US: Quarterly E-Commerce Retail Sales, 2020-2022
5.2.1.2 Technological Advancements Across End-use Industries
Figure 27 Global Warehouse Automation Market (2016-2025)
5.2.1.3 Increasing Focus on Agvs Across End-use Industries
Figure 28 Automated Guided Vehicle Market Volume, by Region (2019)
5.2.1.4 Focus on Improving Workplace Safety
5.2.2 Restraints
5.2.2.1 High Cost Associated with Automation
Table 6 Average Selling Price of Manual Forklifts vs. Autonomous Forklifts
5.2.2.2 High Maintenance of Industrial Vehicles and Lack of R&D Facilities
5.2.3 Opportunities
5.2.3.1 Rising Demand for Electrically Operated Industrial Vehicles
Table 7 OEMs and Their Key Electric Industrial Vehicle Models
5.2.3.2 Advent of Smart Factories in Material Handling Industry
Figure 29 Industrial Vehicles Market: Industry 4.0
5.2.3.3 Development of Autonomous, Connected, and Fleet Management Solutions
5.2.4 Challenges
5.2.4.1 Government Regulations and Safety Concerns
Figure 30 Forklift Accidents (2022)
Figure 31 Emission Tier Slabs for Off-Road Mobile Machinery and Forklifts
5.2.4.2 Low Labor Costs in Emerging Economies
Table 8 Industrial Vehicles: Impact of Market Dynamics
Figure 32 Revenue Shift Driving Industrial Vehicles Market
5.3 Industrial Vehicles Market Scenarios (2023-2028)
Figure 33 Industrial Vehicles Market - Future Trends & Scenarios, 2023-2028 (USD Million)
5.3.1 Most Likely Scenario
Table 9 Most Likely Scenario, by Region, 2023-2028 (USD Million)
5.3.2 Optimistic Scenario
Table 10 Optimistic Scenario, by Region, 2023-2028 (USD Million)
5.3.3 Pessimistic Scenario
Table 11 Pessimistic Scenario, by Region, 2023-2028 (USD Million)
5.4 Porter's Five Forces
Figure 34 Porter's Five Forces: Industrial Vehicles Market
Table 12 Industrial Vehicles Market: Impact of Porter's Five Forces
5.4.1 Threat of Substitutes
5.4.2 Threat of New Entrants
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry
5.5 Industrial Vehicles Market Ecosystem
Figure 35 Industrial Vehicles Market: Ecosystem Analysis
Table 13 Industrial Vehicles Market: Role of Companies in Ecosystem
5.6 Value Chain Analysis
Figure 36 Industrial Vehicles Market: Value Chain Analysis
5.7 Pricing Analysis
Figure 37 Average Pricing of Industrial Vehicles, by Region (2022)
Figure 38 Average Pricing of Industrial Vehicles, by Region (2028)
5.8 Macroeconomic Indicators
5.8.1 GDP Trends and Forecast for Major Economies
Table 14 GDP Trends and Forecast, Major Economies, 2018-2026 (USD Billion)
5.8.2 World Motor Vehicle Production Statistics, 2020 & 2021
Table 15 World Motor Vehicle Production Statistics, 2021 (Units)
Table 16 World Motor Vehicle Production Statistics, 2020 (Units)
5.9 Patent Analysis
5.9.1 Introduction
Figure 39 Patent Publication Trends (2012-2022)
5.9.2 Legal Status of Patents (2012-2022)
Figure 40 Legal Status of Patents Filed for Industrial Vehicles (2012-2022)
5.9.3 Top Patent Applicants (2012-2022)
Figure 41 Industrial Vehicle Patents, by OEM
Table 17 Industrial Vehicles Market: Key Patents
5.10 Case Studies
5.10.1 Mitsubishi Forklift Enhances Safety at Kellogg's Manchester Site
5.10.2 Dematic's Autonomous Forklift Reduces Delivery Time at L’Oréal
5.10.3 Thyssenkrupp Employs Jungheinrich AG. for Flexible Automation
5.10.4 Jungheinrich AG. Automates Coko-Werk GmbH & Co. KG Warehouse
5.10.5 Toyota Delivers Sustainable Agv Solutions to Panasonic Energy
5.10.6 Large Toyota Agv Fleet Helps Future-Proof Albert Heijn's Distribution Centers
5.10.7 Toyota's Automated Forklifts Support Elm.Leblanc's Industry 4.0 Journey
5.10.8 Hubtex Partners with Intis for Inductive Charging System for Agvs
5.11 Technological Analysis
5.11.1 IoT for Automated Material Handling
5.11.2 Smart Braking Technology for Forklifts
5.11.3 Sustainable Forklift Technologies
Figure 42 Hydrogen Fuel Cells vs. Lead Acid Batteries
Figure 43 Advantages of Hydrogen Fuel Cells
5.11.4 5G Connectivity for Automated Warehouses
5.11.5 AI
5.12 Trade Analysis
5.12.1 Import Scenario (HS Code 842710)
Figure 44 Imports, by Key Country, 2017-2021 (USD Million)
5.12.2 Export Scenario (HS Code 842710)
Figure 45 Exports, by Key Country, 2017-2021 (USD Million)
5.12.3 Import Scenario (HS Code 8427)
Figure 46 Imports, by Key Country, 2017-2021 for HS Code (8427) (USD Million)
5.12.4 Export Scenario (HS Code 8427)
Figure 47 Exports, by Key Country, 2017-2021 for HS Code (8427) (USD Million)
5.13 Regulatory Landscape
5.13.1 Safety Standards for Agvs
Table 18 Safety Standards for Agvs
Table 19 Industrial Vehicles Market: Conferences & Events in 2023
Table 20 Regulatory Bodies, Government Agencies, and Other Organizations
5.14 Key Stakeholders & Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 48 Influence of Stakeholders on Buying Process for Top Four Vehicle Types
Table 21 Influence of Stakeholders on Buying Process for Top Four Vehicle Types (%)
5.14.2 Buying Criteria
Figure 49 Key Buying Criteria for Top Four Vehicle Types
Table 22 Key Buying Criteria for Top Four Vehicle Types
5.15 Recession Impact - Scenario Analysis
5.15.1 Introduction
5.15.2 Regional Macroeconomic Overview
5.15.3 Analysis of Key Economic Indicators
Table 23 Key Economic Indicators for Select Countries, 2021-2022
5.15.4 Economic Stagflation (Slowdown) vs. Economic Recession
5.15.4.1 Europe
Figure 50 Europe: Key Economic Indicators, 2021-2023
5.15.4.2 Asia-Pacific
Figure 51 Asia-Pacific: Key Economic Indicators, 2021-2023
5.15.4.3 Americas
Figure 52 Americas: Key Economic Indicators, 2021-2023
5.15.5 Economic Outlook/Projections
Table 24 GDP Growth Projections for Key Countries, 2024-2027 (% Growth)
5.16 Impact on Automotive Sector
5.16.1 Analysis of Automotive Vehicle Sales
5.16.1.1 Europe
Table 25 Europe: Passenger Car and Light Commercial Vehicle Sales, by Country, 2021-2022
5.16.1.2 Asia-Pacific
Table 26 Asia-Pacific: Passenger Car and Light Commercial Vehicle Sales, by Country, 2021-2022
5.16.1.3 Americas
Table 27 Americas: Passenger Car and Light Commercial Vehicle Sales, by Country, 2021-2022
5.16.2 Automotive Sales Outlook
Figure 53 Passenger Car and Light Commercial Vehicle Production Forecast, 2022 vs. 2027 (Units)
6 Industrial Vehicles Market, by Vehicle Type & Capacity
6.1 Introduction
Figure 54 Aisle Trucks to Dominate in Terms of Value, 2023-2028
Table 28 Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 29 Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 30 Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 31 Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
6.1.1 Operational Data
Table 32 Industrial Vehicle Models Offered by Companies, by Vehicle Type
6.1.2 Assumptions
Table 33 Assumptions: by Vehicle Type
6.1.3 Research Methodology
6.2 Forklifts
6.2.1 Significant Rise in E-Commerce Sector to Drive Segment
Table 34 Forklifts Market, by Region, 2018-2022 (USD Million)
Table 35 Forklifts Market, by Region, 2023-2028 (USD Million)
Table 36 Forklifts Market, by Region, 2018-2022 (’000 Units)
Table 37 Forklifts Market, by Region, 2023-2028 (’000 Units)
6.2.2 Forklifts Market, by Capacity
Table 38 Forklifts Market, by Capacity, 2018-2022 (USD Million)
Table 39 Forklifts Market, by Capacity, 2023-2028 (USD Million)
Table 40 Forklifts Market, by Capacity, 2018-2022 (’000 Units)
Table 41 Forklifts Market, by Capacity, 2023-2028 (’000 Units)
6.2.3 <5 Tons
6.2.4 5-10 Tons
6.2.5 11-36 Tons
6.2.6 >36 Tons
6.3 Aisle Trucks
6.3.1 Rising Demand for Narrow Aisles in Warehouses to Fuel Segment
Table 42 Aisle Trucks Market, by Region, 2018-2022 (USD Million)
Table 43 Aisle Trucks Market, by Region, 2023-2028 (USD Million)
Table 44 Aisle Trucks Market, by Region, 2018-2022 (’000 Units)
Table 45 Aisle Trucks Market, by Region, 2023-2028 (’000 Units)
6.3.2 Aisle Trucks Market, by Capacity
Table 46 Aisle Trucks Market, by Capacity, 2018-2022 (USD Million)
Table 47 Aisle Trucks Market, by Capacity, 2023-2028 (USD Million)
Table 48 Aisle Trucks Market, by Capacity, 2018-2022 (’000 Units)
Table 49 Aisle Trucks Market, by Capacity, 2023-2028 (’000 Units)
6.3.3 <1 Ton
6.3.4 1-2 Tons
6.3.5 >2 Tons
6.4 Tow Tractors
6.4.1 Increasing Demand for Cargo Applications to Boost Segment
Table 50 Tow Tractors Market, by Region, 2018-2022 (USD Million)
Table 51 Tow Tractors Market, by Region, 2023-2028 (USD Million)
Table 52 Tow Tractors Market, by Region, 2018-2022 (’000 Units)
Table 53 Tow Tractors Market, by Region, 2023-2028 (’000 Units)
6.4.2 Tow Tractors Market, by Capacity
Table 54 Tow Tractors Market, by Capacity, 2018-2022 (USD Million)
Table 55 Tow Tractors Market, by Capacity, 2023-2028 (USD Million)
Table 56 Tow Tractors Market, by Capacity, 2018-2022 (’000 Units)
Table 57 Tow Tractors Market, by Capacity, 2023-2028 (’000 Units)
6.4.3 <5 Tons
6.4.4 5-10 Tons
6.4.5 11-30 Tons
6.4.6 >30 Tons
6.5 Container Handlers
6.5.1 Steady Growth of Marine Sector to Drive Segment
Table 58 Container Handlers Market, by Region, 2018-2022 (USD Million)
Table 59 Container Handlers Market, by Region, 2023-2028 (USD Million)
Table 60 Container Handlers Market, by Region, 2018-2022 (’000 Units)
Table 61 Container Handlers Market, by Region, 2023-2028 (’000 Units)
6.5.2 Container Handlers Market, by Capacity
Table 62 Container Handlers Market, by Capacity, 2018-2022 (USD Million)
Table 63 Container Handlers Market, by Capacity, 2023-2028 (USD Million)
Table 64 Container Handlers Market, by Capacity, 2018-2022 (’000 Units)
Table 65 Container Handlers Market, by Capacity, 2023-2028 (’000 Units)
6.5.3 <30 Tons
6.5.4 30-40 Tons
6.5.5 >40 Tons
6.6 Automated Guided Vehicles
6.6.1 Increasing Focus on Automation in Material Handling
6.6.1.1 Low Labor Costs Restricting Adoption of Agvs in Emerging Economies
6.6.1.2 Technical Challenges Related to Sensing Elements
6.7 Personnel Carriers
6.7.1 Rising Levels of Industrialization to Drive Segment
6.8 Key Primary Insights
7 Industrial Vehicles Market, by Drive Type
7.1 Introduction
Table 66 Lpg Forklifts vs. Battery-Operated Forklifts
Figure 55 Battery-Operated Industrial Vehicles to be the Fastest-Growing Segment
Table 67 Industrial Vehicles Market, by Drive Type, 2018-2022 (USD Million)
Table 68 Industrial Vehicles Market, by Drive Type, 2023-2028 (USD Million)
Table 69 Industrial Vehicles Market, by Drive Type, 2018-2022 (‘000 Units)
Table 70 Industrial Vehicles Market, by Drive Type, 2023-2028 (‘000 Units)
7.1.1 Operational Data
Table 71 Industrial Vehicles Offered by Companies, by Drive Type
7.1.2 Assumptions
Table 72 Assumptions: by Drive Type
7.1.3 Research Methodology for Drive Type Segment
7.2 Ice Industrial Vehicles
7.2.1 Increasing Demand for Industrial Vehicles for Heavy-Duty Applications
Table 73 Emission Standards
Figure 56 Ic Engines vs. Electric Engines
Table 74 Ice Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 75 Ice Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 76 Ice Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 77 Ice Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
7.3 Battery-Operated Industrial Vehicles
7.3.1 Rising Co2 Emission Concerns and Focus on Eco-Friendly Vehicles
Figure 57 Co2 Emission Reduction by Toyota Industries Corporation
Figure 58 Key Benefits of Electric Forklifts
Table 78 Ic Engines vs. Electric Engines
Table 79 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 80 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 81 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 82 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
7.4 Gas-Powered Industrial Vehicles
7.4.1 Suitability and Low Carbon Emissions - Key Features
Table 83 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 84 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 85 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 86 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
7.5 Key Primary Insights
8 Industrial Vehicles Market, by Application
8.1 Introduction
Figure 59 China: Online Retail Sales, USD Trillion (2019-2022)
Figure 60 Manufacturing to Hold Largest Market Share, 2023-2028 (USD Million)
Table 87 Industrial Vehicles Market, by Application, 2018-2022 (USD Million)
Table 88 Industrial Vehicles Market, by Application, 2023-2028 (USD Million)
Table 89 Industrial Vehicles Market, by Application, 2018-2022 (’000 Units)
Table 90 Industrial Vehicles Market, by Application, 2023-2028 (’000 Units)
8.1.1 Operational Data
Table 91 Industrial Vehicles and Their Applications
8.1.2 Assumptions
Table 92 Assumptions: by Application
8.1.3 Research Methodology for Application Segment
8.2 Manufacturing
8.3 Steady Increase in Manufacturing Activities Post-Pandemic to Drive Segment Growth
Table 93 Manufacturing: Industrial Vehicles Market, by Region, 2018-2022 (USD Million)
Table 94 Manufacturing: Industrial Vehicles Market, by Region, 2023-2028 (USD Million)
Table 95 Manufacturing: Industrial Vehicles Market, by Region, 2018-2022 (’000 Units)
Table 96 Manufacturing: Industrial Vehicles Market, by Region, 2023-2028 (’000 Units)
8.3.1 Automotive
8.3.2 Metals & Heavy Machinery
8.3.3 Chemical
8.3.4 Healthcare
8.3.5 Food & Beverages
8.3.6 Others
8.4 Warehousing
8.4.1 Narrow Aisles and Tight Spaces in Warehouses to Boost Segment
Table 97 Warehousing: Industrial Vehicles Market, by Region, 2018-2022 (USD Million)
Table 98 Warehousing: Industrial Vehicles Market, by Region, 2023-2028 (USD Million)
Table 99 Warehousing: Industrial Vehicles Market, by Region, 2018-2022 (’000 Units)
Table 100 Warehousing: Industrial Vehicles Market, by Region, 2023-2028 (’000 Units)
8.5 Freight & Logistics
8.5.1 Segment Driven by Growth in E-Commerce Sector
Table 101 Freight & Logistics: Industrial Vehicles Market, by Region, 2018-2022 (USD Million)
Table 102 Freight & Logistics: Industrial Vehicles Market, by Region, 2023-2028 (USD Million)
Table 103 Freight & Logistics: Industrial Vehicles Market, by Region, 2018-2022 (’000 Units)
Table 104 Freight & Logistics: Industrial Vehicles Market, by Region, 2023-2028 (’000 Units)
8.6 Others
Table 105 Others: Industrial Vehicles Market, by Region, 2018-2022 (USD Million)
Table 106 Others: Industrial Vehicles Market, by Region, 2023-2028 (USD Million)
Table 107 Others: Industrial Vehicles Market, by Region, 2018-2022 (’000 Units)
Table 108 Others: Industrial Vehicles Market, by Region, 2023-2028 (’000 Units)
8.7 Key Primary Insights
9 Industrial Vehicles Market, by Level of Autonomy
9.1 Introduction
9.2 Non/Semi-Autonomous
9.3 Autonomous
Figure 61 Cost Breakdown of Non-Autonomous vs. Autonomous Forklifts
10 Aerial Work Platform Market, by Type
10.1 Introduction
Figure 62 Boom Lifts to Command Market Share in Terms of Value, 2023-2028
Table 109 Aerial Work Platform Market, by Type, 2018-2022 (USD Million)
Table 110 Aerial Work Platform Market, by Type, 2023-2028 (USD Million)
Table 111 Aerial Work Platform Market, by Type, 2018-2022 (Units)
Table 112 Aerial Work Platform Market, by Type, 2023-2028 (Units)
Table 113 Aerial Work Platform Market, by Drive Type, 2018-2022 (USD Million)
Table 114 Aerial Work Platform Market, by Drive Type, 2023-2028 (USD Million)
Table 115 Aerial Work Platform Market, by Drive Type, 2018-2022 (Units)
Table 116 Aerial Work Platform Market, by Drive Type, 2023-2028 (Units)
10.1.1 Operational Data
Table 117 Aerial Lift Platforms Offered by Companies
10.1.2 Assumptions
Table 118 Assumptions: by Type
10.1.3 Research Methodology for Type Segment
10.2 Boom Lifts
10.2.1 Increasing Construction Activities to Drive Demand for Boom Lifts
Table 119 Boom Lifts Market, by Region, 2018-2022 (USD Million)
Table 120 Boom Lifts Market, by Region, 2023-2028 (USD Million)
Table 121 Boom Lifts Market, by Region, 2018-2022 (Units)
Table 122 Boom Lifts Market, by Region, 2023-2028 (Units)
Table 123 Boom Lifts Market, by Drive Type, 2018-2022 (USD Million)
Table 124 Boom Lifts Market, by Drive Type, 2023-2028 (USD Million)
Table 125 Boom Lifts Market, by Drive Type, 2018-2022 (Units)
Table 126 Boom Lifts Market, by Drive Type, 2023-2028 (Units)
10.3 Scissor Lifts
10.3.1 Significant Growth in Logistics Sector to Drive Demand for Scissor Lifts
Table 127 Scissor Lifts Market, by Region, 2018-2022 (USD Million)
Table 128 Scissor Lifts Market, by Region, 2023-2028 (USD Million)
Table 129 Scissor Lifts Market, by Region, 2018-2022 (Units)
Table 130 Scissor Lifts Market, by Region, 2023-2028 (Units)
Table 131 Scissor Lifts Market, by Drive Type, 2018-2022 (USD Million)
Table 132 Scissor Lifts Market, by Drive Type, 2023-2028 (USD Million)
Table 133 Scissor Lifts Market, by Drive Type, 2018-2022 (Units)
Table 134 Scissor Lifts Market, by Drive Type, 2023-2028 (Units)
10.4 Key Primary Insights
11 Industrial Vehicles Market, by Region
11.1 Introduction
Figure 63 Industrial Vehicles Market, by Region, 2023 vs. 2028 (USD Million)
Table 135 Industrial Vehicles Market, by Region, 2018-2022 (USD Million)
Table 136 Industrial Vehicles Market, by Region, 2023-2028 (USD Million)
Table 137 Industrial Vehicles Market, by Region, 2018-2022 (‘000 Units)
Table 138 Industrial Vehicles Market, by Region, 2023-2028 (‘000 Units)
11.2 Asia-Pacific
11.2.1 Asia-Pacific: Recession Impact
Figure 64 Asia-Pacific: Industrial Vehicles Market Snapshot
Table 139 Asia-Pacific: Industrial Vehicles Market, by Country, 2018-2022 (USD Million)
Table 140 Asia-Pacific: Industrial Vehicles Market, by Country, 2023-2028 (USD Million)
Table 141 Asia-Pacific: Industrial Vehicles Market, by Country, 2018-2022 (‘000 Units)
Table 142 Asia-Pacific: Industrial Vehicles Market, by Country, 2023-2028 (‘000 Units)
11.2.2 China
11.2.2.1 Increase in Demand for Electric Forklifts to Drive Market
Table 143 China: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 144 China: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 145 China: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 146 China: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.2.3 India
11.2.3.1 Steady Growth of E-Commerce Sector to Boost Market
Table 147 India: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 148 India: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 149 India: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 150 India: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.2.4 Japan
11.2.4.1 Increasing Focus on Advanced Technologies in Material Handling to Fuel Market
Table 151 Japan: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 152 Japan: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 153 Japan: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 154 Japan: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.2.5 South Korea
11.2.5.1 Growing Industrial Sector to Strengthen Market
Table 155 South Korea: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 156 South Korea: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 157 South Korea: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 158 South Korea: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.2.6 Rest of Asia-Pacific
Table 159 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 160 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 161 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 162 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.3 Europe
11.3.1 Europe: Recession Impact
Figure 65 Europe: Industrial Vehicles Market, by Country
Table 163 Europe: Industrial Vehicles Market, by Country, 2018-2022 (USD Million)
Table 164 Europe: Industrial Vehicles Market, by Country, 2023-2028 (USD Million)
Table 165 Europe: Industrial Vehicles Market, by Country, 2018-2022 (‘000 Units)
Table 166 Europe: Industrial Vehicles Market, by Country, 2023-2028 (‘000 Units)
11.3.2 Germany
11.3.2.1 Growth in E-Commerce Sector to Drive Market
Table 167 Germany: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 168 Germany: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 169 Germany: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 170 Germany: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.3.3 UK
11.3.3.1 Continuous Advancements in Material Handling to Fuel Market
Table 171 UK: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 172 UK: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 173 UK: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 174 UK: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.3.4 France
11.3.4.1 Focus on Industrial Automation to Boost Market
Table 175 France: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 176 France: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 177 France: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 178 France: Industrial Vehicles Market, by Country, 2023-2028 (‘000 Units)
11.3.5 Italy
11.3.5.1 Thriving E-Commerce Sector to Increase Market Growth
Table 179 Italy: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 180 Italy: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 181 Italy: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 182 Italy: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.3.6 Spain
11.3.6.1 Growth in Logistics and Warehousing Sectors to Propel Market
Table 183 Spain: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 184 Spain: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 185 Spain: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 186 Spain: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.3.7 Rest of Europe
Table 187 Rest of Europe: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 188 Rest of Europe: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 189 Rest of Europe: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 190 Rest of Europe: Industrial Vehicles Market, by Country, 2023-2028 (‘000 Units)
11.4 North America
11.4.1 North America: Recession Impact
Figure 66 North America: Industrial Vehicles Market Snapshot
Table 191 North America: Industrial Vehicles Market, by Country, 2018-2022 (USD Million)
Table 192 North America: Industrial Vehicles Market, by Country, 2023-2028 (USD Million)
Table 193 North America: Industrial Vehicles Market, by Country, 2018-2022 (‘000 Units)
Table 194 North America: Industrial Vehicles Market, by Country, 2023-2028 (‘000 Units)
11.4.2 US
11.4.2.1 Inclination Toward Automation Process to Drive Market
Table 195 US: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 196 US: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 197 US: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 198 US: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.4.3 Mexico
11.4.3.1 Growth in E-Commerce and Manufacturing Sectors to Boost Market
Table 199 Mexico: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 200 Mexico: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 201 Mexico: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 202 Mexico: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.4.4 Canada
11.4.4.1 Advanced Export Infrastructure to Contribute to Market Growth
Table 203 Canada: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 204 Canada: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 205 Canada: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 206 Canada: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.5 Rest of the World (RoW)
11.5.1 RoW: Recession Impact
Figure 67 RoW: Industrial Vehicles Market, by Country, 2023 vs. 2028 (USD Million)
Table 207 RoW: Industrial Vehicles Market, by Country, 2018-2022 (USD Million)
Table 208 RoW: Industrial Vehicles Market, by Country, 2023-2028 (USD Million)
Table 209 RoW: Industrial Vehicles Market, by Country, 2018-2022 (‘000 Units)
Table 210 RoW: Industrial Vehicles Market, by Country, 2023-2028 (‘000 Units)
11.5.2 Brazil
11.5.2.1 Strong Manufacturing Hub Expected to Support Market Growth
Table 211 Brazil: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 212 Brazil: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 213 Brazil: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 214 Brazil: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.5.3 South Africa
11.5.3.1 Increase in Manufacturing Activities to Drive Market Growth
Table 215 South Africa: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 216 South Africa: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 217 South Africa: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 218 South Africa: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
11.5.4 Others in RoW
Table 219 Others in RoW: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (USD Million)
Table 220 Others in RoW: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (USD Million)
Table 221 Others in RoW: Industrial Vehicles Market, by Vehicle Type, 2018-2022 (‘000 Units)
Table 222 Others in RoW: Industrial Vehicles Market, by Vehicle Type, 2023-2028 (‘000 Units)
12 Competitive Landscape
12.1 Overview
12.2 Revenue Analysis of Top Companies
Figure 68 Five-Year Revenue Analysis of Top Players in Industrial Vehicles Market
12.2.1 Market Share of Key Players
Table 223 Industrial Vehicles Market: Degree of Competition (2022)
12.3 Competitive Scenario
12.3.1 Deals
Table 224 Deals, 2019-2023
12.3.2 Product Launches
Table 225 Product Launches, 2019-2023
12.3.3 Others
Table 226 Expansions, 2019-2023
12.4 Company Evaluation Quadrant for Industrial Vehicles Market
12.4.1 Stars
12.4.2 Emerging Leaders
12.4.3 Pervasive Players
12.4.4 Participants
Figure 69 Industrial Vehicles Market: Company Evaluation Quadrant, 2022
12.4.5 Industrial Vehicles Market: Company Footprint, 2022
12.4.6 Industrial Vehicles Market: Drive Type Footprint, 2022
12.4.7 Industrial Vehicles Market: Regional Footprint, 2022
12.5 SME Evaluation Quadrant for Industrial Vehicles Market
12.5.1 Progressive Companies
12.5.2 Responsive Companies
12.5.3 Dynamic Companies
12.5.4 Starting Blocks
Figure 70 Industrial Vehicles Market: SME Evaluation Quadrant, 2022
12.6 Company Evaluation Quadrant for Aerial Lifting Platform Market
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
Figure 71 Aerial Lifting Platform Market: Company Evaluation Quadrant, 2022
13 Company Profiles
13.1 Key Players (Industrial Vehicles Market)
Business Overview, Products Offered, Recent Developments, and Analyst's View
13.1.1 Toyota Industries Corporation
Table 227 Toyota Industries Corporation: Business Overview
Figure 72 Toyota Industries Corporation: Company Snapshot
Figure 73 Percentage of Total Shares for Toyota Industries Corporation's Major Shareholders (2022)
Figure 74 Key Products of Toyota Industries Corporation
Table 228 Toyota Industries Corporation: Products Offered
Table 229 Toyota Industries Corporation: Product Launches
Table 230 Toyota Industries Corporation: Deals
Table 231 Toyota Industries Corporation: Others
13.1.2 Kion Group AG
Table 232 Kion Group AG: Business Overview
Figure 75 Kion Group AG: Company Snapshot
Figure 76 Kion Group AG: Employee Strength, by Region (2022)
Figure 77 Kion Group AG: Production Sites
Figure 78 Kion Group AG: a Glance
Table 233 Kion Group AG: Products Offered
Table 234 Kion Group AG: Product Launches
Table 235 Kion Group AG: Deals
Table 236 Kion Group AG: Others
13.1.3 Mitsubishi Logisnext Co. Ltd.
Table 237 Mitsubishi Logisnext Co. Ltd.: Business Overview
Figure 79 Mitsubishi Logisnext Co. Ltd.: Overseas Network as of 1 April 2022
Figure 80 Mitsubishi Logisnext Co. Ltd.: Company Snapshot
Table 238 Mitsubishi Logisnext Co. Ltd.: Products Offered
Table 239 Mitsubishi Logisnext Co. Ltd.: Major Shareholders (Common Stock)
Table 240 Mitsubishi Logisnext Co. Ltd.: Product Launches
Table 241 Mitsubishi Logisnext Co. Ltd.: Deals
Table 242 Mitsubishi Logisnext Co. Ltd.: Others
13.1.4 Jungheinrich AG
Table 243 Jungheinrich AG: Business Overview
Figure 81 Jungheinrich AG: Worldwide Presence
Table 244 Jungheinrich AG: Employees, by Country (As on 31 December 2021)
Figure 82 Jungheinrich AG: Company Snapshot
Table 245 Jungheinrich AG: Products Offered
Table 246 Jungheinrich AG: Product Launches
Table 247 Jungheinrich AG: Deals
Table 248 Jungheinrich AG: Others
13.1.5 Crown Equipment Corporation
Table 249 Crown Equipment Corporation: Business Overview
Table 250 Major Buyers of Products & Services from Crown Equipment Corporation
Table 251 Crown Equipment Corporation: Products Offered
Table 252 Crown Equipment Corporation: Product Launches
Table 253 Crown Equipment Corporation: Others
13.1.6 Hyster-Yale Materials Handling, Inc.
Table 254 Hyster-Yale Materials Handling, Inc.: Business Overview
Figure 83 Hyster-Yale Materials Handling, Inc.: Company Snapshot
Table 255 Hyster-Yale Materials Handling, Inc.: Products Offered
Table 256 Hyster-Yale Materials Handling, Inc.: Worldwide Sales, by Product (2021)
Table 257 Hyster-Yale Materials Handling, Inc.: Retail Lift Truck Shipments, by Industry Vertical (2021)
Table 258 Hyster-Yale Materials Handling, Inc.: Deals
13.1.7 Hangcha Group Co. Ltd.
Table 259 Hangcha Group Co. Ltd.: Business Overview
Table 260 Hangcha Group Co. Ltd.: Products Offered
Table 261 Hangcha Group Co. Ltd.: Product Launches
Table 262 Hangcha Group Co. Ltd.: Others
13.1.8 Clark
Table 263 Clark: Business Overview
Table 264 Clark: Products Offered
Table 265 Clark: Product Launches
Table 266 Clark: Others
13.1.9 Anhui Heli Co. Ltd.
Table 267 Anhui Heli Co. Ltd.: Business Overview
Table 268 Anhui Heli Co. Ltd.: Products Offered
Table 269 Anhui Heli Co. Ltd.: Product Launches
Table 270 Anhui Heli Co. Ltd.: Deals
Table 271 Anhui Heli Co. Ltd.: Others
13.1.10 Konecranes
Table 272 Konecranes: Business Overview
Figure 84 Konecranes: Company Snapshot
Figure 85 Konecranes: Breakdown of Employees and Orders, by Segment (2022)
Table 273 Konecranes: Major Shareholders (Common Stock) as of February 2023
Table 274 Konecranes: Active Patents
Table 275 Konecranes: Products Offered
Table 276 Konecranes: Product Launches
Table 277 Konecranes: Deals
13.2 Other Players (Industrial Vehicles Market)
13.2.1 Komatsu
Table 278 Komatsu: Business Overview
13.2.2 Doosan Industrial Vehicle
Table 279 Doosan Industrial Vehicle: Business Overview
13.2.3 Manitou Group
Table 280 Manitou Group: Business Overview
13.2.4 Cargotec Corporation
Table 281 Cargotec Corporation: Business Overview
13.2.5 Action Construction Equipment Ltd.
Table 282 Action Construction Equipment Ltd.: Business Overview
13.2.6 Hyundai Construction Equipment India Pvt. Ltd.
Table 283 Hyundai Construction Equipment India Pvt. Ltd.: Business Overview
13.2.7 V. Mariotti S.R.L.
Table 284 V. Mariotti S.R.L.: Business Overview
13.2.8 Combilift
Table 285 Combilift: Business Overview
13.2.9 Daifuku
Table 286 Daifuku: Business Overview
13.2.10 Jbt
Table 287 Jbt: Business Overview
13.2.11 Lonking Machinery Co. Ltd.
Table 288 Lonking Machinery Co. Ltd.: Business Overview
13.2.12 Hubtex Maschinenbau GmbH & Co. KG
Table 289 Hubtex Maschinenbau GmbH & Co. KG: Business Overview
13.2.13 Godrej & Boyce
Table 290 Godrej & Boyce: Business Overview
13.2.14 Svetuck Ab
Table 291 Svetuck Ab: Business Overview
13.2.15 Stocklin Logistik AG
Table 292 Stocklin Logistik AG: Business Overview
13.2.16 O.M.G. Srl
Table 293 O.M.G. Srl: Business Overview
13.2.17 Paletrans Forklifts
Table 294 Paletrans Forklifts: Business Overview
13.2.18 Genkinger GmbH
Table 295 Genkinger GmbH: Business Overview
13.3 Key Players (Lifting Platforms)
13.3.1 Jlg Industries, Inc.
Table 296 Jlg Industries, Inc.: Business Overview
Table 297 Jlg Industries, Inc.: Major Centers
Table 298 Jlg Industries, Inc.: Products Offered
Table 299 Jlg Industries, Inc.: Product Launches
Table 300 Jlg Industries, Inc.: Deals
Table 301 Jlg Industries, Inc.: Others
13.3.2 Tadano Ltd.
Table 302 Tadano Ltd.: Business Overview
Figure 86 Tadano Ltd.: Company Snapshot
Figure 87 Tadano Ltd.: Stock Ownership Breakdown (2021)
Table 303 Tadano Ltd.: Major Shareholders (Common Stock), as on 31 March 2022
Table 304 Tadano Ltd.: Products Offered
Table 305 Tadano Ltd.: Deals
Table 306 Tadano Ltd.: Others
13.3.3 Terex Corporation
Table 307 Terex Corporation: Business Overview
Figure 88 Terex Corporation: Brands and Offerings
Figure 89 Terex Corporation: Company Snapshot
Table 308 Terex Corporation: Products Offered
Table 309 Terex Corporation: Patents
Table 310 Terex Corporation: Product Launches
Table 311 Terex Corporation: Others
13.3.4 Linamar Corporation
Table 312 Linamar Corporation: Business Overview
Figure 90 Linamar Corporation: Company Snapshot
Table 313 Linamar Corporation: Manufacturing Facilities
Table 314 Linamar Corporation: Products Offered
Table 315 Linamar Corporation: Product Launches
Table 316 Linamar Corporation: Deals
Table 317 Linamar Corporation: Others
13.4 Other Key Players (Lifting Platforms)
13.4.1 Haulotte Group
Table 318 Haulotte Group: Business Overview
13.4.2 Aichi Corporation
Table 319 Aichi Corporation: Business Overview
13.4.3 Palfinger AG
Table 320 Palfinger AG: Business Overview
13.4.4 Imer International Spa
Table 321 Imer International Spa: Business Overview
13.4.5 Sinoboom Intelligent Equipment Co, Ltd.
Table 322 Sinoboom Intelligent Equipment Co, Ltd.: Business Overview
13.4.6 Altec Industries
Table 323 Altec Industries: Business Overview
13.4.7 J C Bamford Excavators Ltd.
Table 324 Jc Bamford Excavators Ltd.: Business Overview
13.4.8 Noblelift Intelligent Equipment Co. Ltd.
Table 325 Noblelift Intelligent Equipment Co. Ltd.: Business Overview
13.4.9 Bronto Skylift
Table 326 Bronto Skylift: Business Overview
13.4.10 Snorkel
Table 327 Snorkel: Business Overview
Business Overview, Products Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies.
14 Analyst's Recommendations
14.1 Asia-Pacific to Dominate Market
14.2 South Korea and India to Emerge as Promising Markets for OEMs in Coming Years
14.3 E-Commerce Expected to be Key Sector for Manufacturers
14.4 Hydrogen-Powered Forklifts to be Major Focus Area for Industrial Vehicle Manufacturers
14.5 Battery-Operated Industrial Vehicles to Witness Higher Penetration
14.6 Conclusion
15 Appendix
15.1 Key Insights by Industry Experts
15.2 Discussion Guide
15.3 Knowledgestore: The Subscription Portal
15.4 Customization Options
Executive Summary
Companies Mentioned
- Action Construction Equipment Ltd.
- Aichi Corporation
- Altec Industries
- Anhui Heli Co. Ltd.
- Bronto Skylift
- Cargotec Corporation
- Clark
- Combilift
- Crown Equipment Corporation
- Daifuku
- Doosan Industrial Vehicle
- Genkinger GmbH
- Godrej & Boyce
- Hangcha Group Co. Ltd.
- Haulotte Group
- Hubtex Maschinenbau GmbH & Co. KG
- Hyster-Yale Materials Handling, Inc.
- Hyundai Construction Equipment India Pvt. Ltd.
- Imer International Spa
- J C Bamford Excavators Ltd.
- Jbt
- Jlg Industries, Inc.
- Jungheinrich AG
- Kion Group AG
- Komatsu
- Linamar Corporation
- Lonking Machinery Co. Ltd.
- Manitou Group
- Mitsubishi Logisnext Co. Ltd.
- Noblelift Intelligent Equipment Co. Ltd.
- O.M.G. Srl
- Paletrans Forklifts
- Palfinger AG
- Sinoboom Intelligent Equipment Co, Ltd.
- Snorkel
- Stocklin Logistik AG
- Svetuck Ab
- Tadano Ltd.
- Terex Corporation
- Toyota Industries Corporation
- V. Mariotti S.R.L.
Methodology
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