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 and Exclusions
Table 4 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Industrial Vehicles Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
Table 5 Currency Exchange Rates
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Research Design
Figure 3 Research Design Model
2.1.1 Secondary Data
2.1.1.1 Secondary Sources for Industrial Vehicles
2.1.1.2 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 Primary Participants
2.2 Market Size Estimation
Figure 5 Research Methodology: Hypothesis Building
2.2.1 Bottom-Up Approach
Figure 6 Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 7 Top-Down Approach
Figure 8 Market Estimation Notes
Figure 9 Research Design and Methodology (Demand-Side)
Figure 10 Market Size Estimation Methodology: Bottom-Up (Supply-Side) - Collective Market Share of Major Players
2.3 Recession Impact Analysis
2.4 Data Triangulation
Figure 11 Data Triangulation
2.5 Factor Analysis
Figure 12 Factors Impacting Industrial Vehicles Market
2.5.1 Regional Economy Impact Analysis
Figure 13 Demand- and Supply-Side Factor Analysis
2.6 Research Assumptions
2.7 Research Limitations
3 Executive Summary
Figure 14 Industrial Vehicles Market Overview
Figure 15 Industrial Vehicles Market, by Region, 2024-2030
Figure 16 Industrial Vehicles Market, by Drive Type, 2024-2030
4 Premium Insights
4.1 Attractive Growth Opportunities for Players in Industrial Vehicles Market
Figure 17 Rising Emphasis on Optimizing Logistics and Warehousing to Drive Market
4.2 Industrial Vehicles Market, by Region
Figure 18 Asia-Pacific to be Largest Market for Industrial Vehicles During Forecast Period
4.3 Industrial Vehicles Market, by Vehicle Type
Figure 19 Aisle Trucks to be Fastest-Growing Segment During Forecast Period
4.4 Industrial Vehicles Market, by Drive Type
Figure 20 Battery-Operated Segment to Hold Largest Market Share During Forecast Period
4.5 Industrial Vehicles Market, by Application
Figure 21 Warehousing Segment to Register Highest CAGR During Forecast Period
4.6 Aerial Work Platform Market, by Type
Figure 22 Boom Lifts Segment to Secure Leading Market Position During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Industrial Vehicles Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 E-Commerce Expansion and Warehousing Dynamics
Figure 24 US: Quarterly E-Commerce Retail Sales, 2022-2023
Figure 25 Top 10 Warehousing Solution Providers in US, Based on Land Area, 2023
5.2.1.2 Impact of Warehouse Automation and Industry 4.0
Figure 26 Key Technologies of Warehouse Automation
Figure 27 Agv and Amr Characteristics in Warehouse Operations
5.2.1.3 Role of Jit Inventory Management in Industrial Logistics
Figure 28 Benefits of Jit Logistics
5.2.1.4 Growing Infrastructure Developments
5.2.1.5 Industrial Vehicles as Catalysts for Enhancing Workplace Safety
5.2.2 Restraints
5.2.2.1 Financial Implications of Automation in Forklifts and Agvs
Table 6 Average Selling Price of Manually-Operated Material Lifts and Autonomous Forklifts
Table 7 Average Selling Price of Forklifts Vs. Agvs
5.2.2.2 High Maintenance and Repair Costs of Industrial Vehicles
Table 8 Forklift Maintenance Checklists Recommended by Osha
Table 9 Average Cost of Ic Forklift Replacement and Repairs
Figure 29 Average Forklift Part Costs Per Service Interval
5.2.3 Opportunities
5.2.3.1 Emergence of Rental and Leasing in Industrial Vehicles Sector
Table 10 Average Cost of Forklift Rentals in US
5.2.3.2 Rise of Battery-Powered Industrial Vehicles
Table 11 OEMs and Their Key Electric Industrial Vehicle Models
5.2.3.3 Emerging Applications in Non-Traditional Industries
5.2.3.4 Technological Advancements in Autonomous Industrial Vehicles
Figure 30 Various Sensors Used in Advanced Forklifts
5.2.4 Challenges
5.2.4.1 Workplace Safety Concerns and Government Regulations
Figure 31 Forklift Fatalities, by Industry
Figure 32 Forklift Accident Statistics
Figure 33 Emission Tier Slabs for Off-Road Mobile Machinery and Forklifts
5.2.4.2 Cost-Competitive Workforce in Emerging Markets
Table 12 Impact Analysis of Market Dynamics
5.3 Pricing Analysis
5.3.1 Average Selling Price Trends, by Vehicle Type, 2021-2023
Table 13 Average Selling Price Trends of Key Players, by Vehicle Type, 2021-2023 (USD)
Figure 34 Average Selling Price Trends, by Vehicle Type, 2021-2023 (USD)
5.3.2 Average Selling Price Trends, by Region, 2023
Table 14 Average Selling Price Trends, by Region, 2023 (USD)
Figure 35 Average Selling Price Trends, by Region, 2023 (USD)
5.4 Total Cost of Ownership Comparison of Electric and Ice Forklifts
Table 15 Prices of Ev and Ice Forklift Models in US (2023)
Figure 36-Year Total Cost of Ownership Breakdown
5.5 Bill of Materials Comparison of Ice and Electric Forklifts
5.6 Ecosystem Analysis
Figure 37 Industrial Vehicles Market: Ecosystem Analysis
Table 16 Industrial Vehicles Market: Role of Companies in Ecosystem
5.7 Value Chain Analysis
Figure 38 Industrial Vehicles Market: Value Chain Analysis
5.8 Case Studies
5.8.1 Mitsubishi Forklift Enhances Safety at Kellogg's Manchester Site
5.8.2 Dematic's Autonomous Forklift Reduces Delivery Time at L’Oréal
5.8.3 Thyssenkrupp Employs Jungheinrich AG for Flexible Automation
5.8.4 Jungheinrich AG Automates Coko-Werk GmbH & Co. Kg Warehouse
5.8.5 Toyota Delivers Sustainable Agv Solutions to Panasonic Energy
5.8.6 Large Toyota Agv Fleet Helps Future-Proof Albert Heijn's Distribution Centers
5.8.7 Toyota's Automated Forklifts Support Elm.Leblanc's Industry 4.0 Journey
5.8.8 Hubtex Partners with Intis for Inductive Charging System for Agvs
5.8.9 Ports America Replaces Older Container Handlers with Hyster-Yale's Lift Trucks
5.8.10 Beijer Byggmaterial Ab Transforms Its Fleet of Diesel Forklift Trucks to Electric Forklift Trucks
5.9 Investment and Funding Scenario
Figure 39 Investment and Funding, 2022-2024
Table 17 List of Funding, 2022-2024
5.10 Patent Analysis
5.10.1 Introduction
Figure 40 Patent Publication Trends, 2014-2023
5.10.2 Legal Status of Patents
Figure 41 Legal Status of Patents Filed for Industrial Vehicles, 2014-2023
5.10.3 Top Patent Applicants
Figure 42 Industrial Vehicle Patents, by OEM (2014-2023)
Table 18 Industrial Vehicles Market: Key Patents
5.11 Technology Analysis
5.11.1 Key Technologies
5.11.1.1 IoT for Automated Material Handling
Figure 43 IoT-Enabled Warehouse and Logistics Systems
5.11.1.2 Smart Braking Technology for Forklifts
5.11.2 Complimentary Technologies
5.11.2.1 Collaborative Robots
Figure 44 Features of Autonomous Mobile Robots
5.11.2.2 Sustainable Forklift Technology
Figure 45 Hydrogen Fuel Cells Vs. Lead-Acid Batteries
Figure 46 Advantages of Hydrogen Fuel Cells
5.11.3 Adjacent Technologies
5.11.3.1 5G Connectivity for Automated Warehouses
5.11.3.2 AI
Figure 47 Benefits of AI for Forklifts in Warehouses
5.12 Industrial Vehicle Offerings by Key Players
5.13 Trade Analysis
5.13.1 Import/Export Scenario (Hs Code 842710)
Table 19 Import Data for Hs Code 842710, by Country, 2020-2022 (USD Million)
Table 20 Export Data for Hs Code 842710, by Country, 2020-2022 (USD Million)
5.13.2 Import/Export Scenario (Hs Code 8427)
Table 21 Import Data for Hs Code 8427, by Country, 2020-2022 (USD Million)
Table 22 Export Data for Hs Code 8427, by Country, 2020-2022 (USD Million)
5.14 Regulatory Landscape
5.14.1 Safety Standards for Industrial Vehicles
Table 23 Safety Standards for Industrial Vehicles
Table 24 Regulatory Bodies, Government Agencies, and Other Organizations
5.15 Key Conferences and Events
Table 25 Key Conferences and Events, 2024-2025
5.16 Key Stakeholders and Buying Criteria
5.16.1 Key Stakeholders in Buying Process
Figure 48 Influence of Stakeholders on Buying Process for Top Four Vehicle Types
Table 26 Influence of Stakeholders on Buying Process for Top Four Vehicle Types (%)
5.16.2 Buying Criteria
Figure 49 Key Buying Criteria for Top Four Vehicle Types
Table 27 Key Buying Criteria for Top Four Vehicle Types
5.17 Trends and Disruptions Impacting Customer Business
Figure 50 Trends and Disruptions Impacting Customer Business
6 Industrial Vehicles Market, by Vehicle Type & Capacity
6.1 Introduction
Figure 51 Aisle Trucks Segment to Dominate Market in Terms of Value from 2024 to 2030
Table 28 Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 29 Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 30 Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 31 Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
6.1.1 Operational Data
Table 32 Industrial Vehicle Models Offered by Companies, by Vehicle Type
6.2 Forklifts
6.2.1 Growing Adoption of Hub-And-Spoke Model to Drive Market
Table 33 Forklifts Market, by Region, 2019-2023 (USD Million)
Table 34 Forklifts Market, by Region, 2024-2030 (USD Million)
Table 35 Forklifts Market, by Region, 2019-2023 (Thousand Units)
Table 36 Forklifts Market, by Region, 2024-2030 (Thousand Units)
6.2.2 Forklifts Market, by Capacity
Table 37 Forklifts Market, by Capacity, 2019-2023 (USD Million)
Table 38 Forklifts Market, by Capacity, 2024-2030 (USD Million)
Table 39 Forklifts Market, by Capacity, 2019-2023 (Thousand Units)
Table 40 Forklifts Market, by Capacity, 2024-2030 (Thousand Units)
6.2.3 < 5 Tons
6.2.4-10 Tons
6.2.5-36 Tons
6.2.6 >36 Tons
6.3 Aisle Trucks
6.3.1 Increasing Demand for Space Optimization in Warehouses to Drive Market
Table 41 Aisle Trucks Market, by Region, 2019-2023 (USD Million)
Table 42 Aisle Trucks Market, by Region, 2024-2030 (USD Million)
Table 43 Aisle Trucks Market, by Region, 2019-2023 (Thousand Units)
Table 44 Aisle Trucks Market, by Region, 2024-2030 (Thousand Units)
6.3.2 Aisle Trucks Market, by Capacity
Table 45 Aisle Trucks Market, by Capacity, 2019-2023 (USD Million)
Table 46 Aisle Trucks Market, by Capacity, 2024-2030 (USD Million)
Table 47 Aisle Trucks Market, by Capacity, 2019-2023 (Thousand Units)
Table 48 Aisle Trucks Market, by Capacity, 2024-2030 (Thousand Units)
6.3.3 < 1 Ton
6.3.4-2 Tons
6.3.5 >2 Tons
6.4 Tow Tractors
6.4.1 Rising Demand for Efficient Material Handling to Drive Market
Table 49 Tow Tractors Market, by Region, 2019-2023 (USD Million)
Table 50 Tow Tractors Market, by Region, 2024-2030 (USD Million)
Table 51 Tow Tractors Market, by Region, 2019-2023 (Thousand Units)
Table 52 Tow Tractors Market, by Region, 2024-2030 (Thousand Units)
6.4.2 Tow Tractors Market, by Capacity
Table 53 Tow Tractors Market, by Capacity, 2019-2023(USD Million)
Table 54 Tow Tractors Market, by Capacity, 2024-2030 (USD Million)
Table 55 Tow Tractors Market, by Capacity, 2019-2023 (Thousand Units)
Table 56 Tow Tractors Market, by Capacity, 2024-2030 (Thousand Units)
6.4.3 < 5 Tons
6.4.4-10 Tons
6.4.5-30 Tons
6.4.6 >30 Tons
6.5 Container Handlers
6.5.1 Increasing Infrastructure Projects and Steady Growth in Marine Sector to Drive Market
Table 57 Container Handlers Market, by Region, 2019-2023 (USD Million)
Table 58 Container Handlers Market, by Region, 2024-2030 (USD Million)
Table 59 Container Handlers Market, by Region, 2019-2023 (Thousand Units)
Table 60 Container Handlers Market, by Region, 2024-2030 (Thousand Units)
6.5.2 Container Handlers Market, by Capacity
Table 61 Container Handlers Market, by Capacity, 2019-2023 (USD Million)
Table 62 Container Handlers Market, by Capacity, 2024-2030 (USD Million)
Table 63 Container Handlers Market, by Capacity, 2019-2023 (Thousand Units)
Table 64 Container Handlers Market, by Capacity, 2024-2030 (Thousand Units)
6.5.3 < 30 Tons
6.5.4-40 Tons
6.5.5 >40 Tons
6.6 Automated Guided Vehicles
6.6.1 Growing Need for Automation in Material Handling Processes to Drive Market
6.6.1.1 Availability of Cost-Effective Labor Restricting Adoption of Agvs in Emerging Economies
6.6.1.2 Technical Challenges Related to Sensing Elements
6.6.1.3 High Installation, Maintenance, and Switching Costs Associated with Agvs
6.7 Personnel Carriers
6.7.1 Rising Levels of Industrialization Worldwide to Drive Market
6.8 Key Primary Insights
7 Industrial Vehicles Market, by Drive Type
7.1 Introduction
Table 65 Lpg Forklifts Vs. Battery-Operated Forklifts
Figure 52 Battery-Operated Segment to Register Highest CAGR from 2024 to 2030
Table 66 Industrial Vehicles Market, by Drive Type, 2019-2023 (USD Million)
Table 67 Industrial Vehicles Market, by Drive Type, 2024-2030 (USD Million)
Table 68 Industrial Vehicles Market, by Drive Type, 2019-2023 (Thousand Units)
Table 69 Industrial Vehicles Market, by Drive Type, 2024-2030 (Thousand Units)
7.1.1 Operational Data
Table 70 Industrial Vehicles Offered by Companies, by Drive Type
7.2 Ice Industrial Vehicles
7.2.1 Increasing Demand from Warehousing and Transportation Sectors to Drive Market
Table 71 Emission Standards
Figure 53 Key Difference Between Ice Forklifts and Electric Forklifts
Table 72 Ice Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 73 Ice Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 74 Ice Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 75 Ice Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
7.3 Battery-Operated Industrial Vehicles
7.3.1 Growing Environmental Awareness to Drive Demand
Figure 54 Co2 Emission Reduction by Toyota Industries Corporation
Figure 55 Key Benefits of Electric Forklifts
Table 76 Lifecycle Cost Comparison: Electric Lift Trucks Vs. Ice Lift Trucks
Table 77 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 78 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 79 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 80 Battery-Operated Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
7.4 Gas-Powered Industrial Vehicles
7.4.1 Ability to Operate in Diverse Environments Independently of Charging Infrastructure to Boost Demand
Table 81 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 82 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 83 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 84 Gas-Powered Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
7.5 Key Primary Insights
8 Industrial Vehicles Market, by Application
8.1 Introduction
Figure 56 Manufacturing Segment to Lead Market from 2024 to 2030
Table 85 Industrial Vehicles Market, by Application, 2019-2023 (USD Million)
Table 86 Industrial Vehicles Market, by Application, 2024-2030 (USD Million)
Table 87 Industrial Vehicles Market, by Application, 2019-2023 (Thousand Units)
Table 88 Industrial Vehicles Market, by Application, 2024-2030 (Thousand Units)
8.1.1 Operational Data
Table 89 Industrial Vehicles and Their Applications
8.2 Manufacturing
8.2.1 Increasing Adoption of Industrial Vehicles in End-Use Sectors to Drive Segment
Table 90 Manufacturing: Industrial Vehicles Market, by Region, 2019-2023 (USD Million)
Table 91 Manufacturing: Industrial Vehicles Market, by Region, 2024-2030 (USD Million)
Table 92 Manufacturing: Industrial Vehicles Market, by Region, 2019-2023 (Thousand Units)
Table 93 Manufacturing: Industrial Vehicles Market, by Region, 2024-2030 (Thousand Units)
8.2.2 Automotive
8.2.3 Metals & Heavy Machinery
8.2.4 Chemical
8.2.5 Healthcare
8.2.6 Food & Beverages
8.2.7 Others
8.3 Warehousing
8.3.1 Expansion of E-Commerce Sector to Drive Segment
Figure 57 China: Online Retail Sales (2019-2023)
Table 94 Warehousing: Industrial Vehicles Market, by Region, 2019-2023 (USD Million)
Table 95 Warehousing: Industrial Vehicles Market, by Region, 2024-2030 (USD Million)
Table 96 Warehousing: Industrial Vehicles Market, by Region, 2019-2023 (Thousand Units)
Table 97 Warehousing: Industrial Vehicles Market, by Region, 2024-2030 (Thousand Units)
8.4 Freight & Logistics
8.4.1 Consumer Shift Toward Online Shopping to Drive Segment
Table 98 Freight & Logistics: Industrial Vehicles Market, by Region, 2019-2023 (USD Million)
Table 99 Freight & Logistics: Industrial Vehicles Market, by Region, 2024-2030 (USD Million)
Table 100 Freight & Logistics: Industrial Vehicles Market, by Region, 2019-2023 (Thousand Units)
Table 101 Freight & Logistics: Industrial Vehicles Market, by Region, 2024-2030 (Thousand Units)
8.5 Others
Table 102 Others: Industrial Vehicles Market, by Region, 2019-2023 (USD Million)
Table 103 Others: Industrial Vehicles Market, by Region, 2024-2030 (USD Million)
Table 104 Others: Industrial Vehicles Market, by Region, 2019-2023 (Thousand Units)
Table 105 Others: Industrial Vehicles Market, by Region, 2024-2030 (Thousand Units)
8.6 Key Primary Insights
9 Industrial Vehicles Market, by Level of Autonomy
9.1 Introduction
9.2 Non/Semi-Autonomous
9.3 Autonomous
Figure 58 Cost Breakdown of Non-Autonomous Vs. Autonomous Forklifts
9.4 Key Primary Insights
10 Aerial Work Platform Market, by Type
10.1 Introduction
Figure 59 Boom Lifts Segment to Lead Market from 2024 to 2030
Table 106 Aerial Work Platform Market, by Type, 2019-2023 (USD Million)
Table 107 Aerial Work Platform Market, by Type, 2024-2030 (USD Million)
Table 108 Aerial Work Platform Market, by Type, 2019-2023 (Units)
Table 109 Aerial Work Platform Market, by Type, 2024-2030 (Units)
Table 110 Aerial Work Platform Market, by Drive Type, 2019-2023 (USD Million)
Table 111 Aerial Work Platform Market, by Drive Type, 2024-2030 (USD Million)
Table 112 Aerial Work Platform Market, by Drive Type, 2019-2023 (Units)
Table 113 Aerial Work Platform Market, by Drive Type, 2024-2030 (Units)
10.1.1 Operational Data
Table 114 Aerial Lift Platforms Offered by Companies
10.2 Boom Lifts
10.2.1 Government Support and Foreign Investments to Drive Market
Table 115 Boom Lifts Market, by Region, 2019-2023 (USD Million)
Table 116 Boom Lifts Market, by Region, 2024-2030 (USD Million)
Table 117 Boom Lifts Market, by Region, 2019-2023 (Units)
Table 118 Boom Lifts Market, by Region, 2024-2030 (Units)
Table 119 Boom Lifts Market, by Drive Type, 2019-2023 (USD Million)
Table 120 Boom Lifts Market, by Drive Type, 2024-2030 (USD Million)
Table 121 Boom Lifts Market, by Drive Type, 2019-2023 (Units)
Table 122 Boom Lifts Market, by Drive Type, 2024-2030 (Units)
10.3 Scissor Lifts
10.3.1 Growing Logistics Sector to Drive Market
Table 123 Scissor Lifts Market, by Region, 2019-2023 (USD Million)
Table 124 Scissor Lifts Market, by Region, 2024-2030 (USD Million)
Table 125 Scissor Lifts Market, by Region, 2019-2023 (Units)
Table 126 Scissor Lifts Market, by Region, 2024-2030 (Units)
Table 127 Scissor Lifts Market, by Drive Type, 2019-2023 (USD Million)
Table 128 Scissor Lifts Market, by Drive Type, 2024-2030 (USD Million)
Table 129 Scissor Lifts Market, by Drive Type, 2019-2023 (Units)
Table 130 Scissor Lifts Market, by Drive Type, 2024-2030 (Units)
10.4 Key Primary Insights
11 Industrial Vehicles Market, by Region
11.1 Introduction
Figure 60 Industrial Vehicles Market, by Region, 2024 Vs. 2030 (USD Million)
Table 131 Industrial Vehicles Market, by Region, 2019-2023 (USD Million)
Table 132 Industrial Vehicles Market, by Region, 2024-2030 (USD Million)
Table 133 Industrial Vehicles Market, by Region, 2019-2023 (Thousand Units)
Table 134 Industrial Vehicles Market, by Region, 2024-2030 (Thousand Units)
11.2 Asia-Pacific
11.2.1 Asia-Pacific: Recession Impact
Figure 61 Asia-Pacific: Industrial Vehicles Market Snapshot
Table 135 Asia-Pacific: Industrial Vehicles Market, by Country, 2019-2023 (USD Million)
Table 136 Asia-Pacific: Industrial Vehicles Market, by Country, 2024-2030 (USD Million)
Table 137 Asia-Pacific: Industrial Vehicles Market, by Country, 2019-2023 (Thousand Units)
Table 138 Asia-Pacific: Industrial Vehicles Market, by Country, 2024-2030 (Thousand Units)
11.2.2 China
11.2.2.1 Increasing Industrialization and Infrastructure Development to Drive Market
Table 139 China: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 140 China: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 141 China: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 142 China: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.2.3 India
11.2.3.1 Persistent Growth of E-Commerce Sector to Drive Market
Table 143 India: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 144 India: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 145 India: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 146 India: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.2.4 Japan
11.2.4.1 Advancements in Electric and Autonomous Industrial Vehicles to Drive Market
Table 147 Japan: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 148 Japan: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 149 Japan: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 150 Japan: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.2.5 South Korea
11.2.5.1 Surging Industrialization to Drive Market
Table 151 South Korea: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 152 South Korea: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 153 South Korea: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 154 South Korea: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.2.6 Rest of Asia-Pacific
Table 155 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 156 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 157 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 158 Rest of Asia-Pacific: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.3 Europe
11.3.1 Europe: Recession Impact
Figure 62 Europe: Industrial Vehicles Market Snapshot
Table 159 Europe: Industrial Vehicles Market, by Country, 2019-2023 (USD Million)
Table 160 Europe: Industrial Vehicles Market, by Country, 2024-2030 (USD Million)
Table 161 Europe: Industrial Vehicles Market, by Country, 2019-2023 (Thousand Units)
Table 162 Europe: Industrial Vehicles Market, by Country, 2024-2030 (Thousand Units)
11.3.2 Germany
11.3.2.1 Expansion of E-Commerce Industry to Drive Market
Table 163 Germany: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 164 Germany: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 165 Germany: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 166 Germany: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.3.3 UK
11.3.3.1 Increasing Innovation in Material Handling Equipment to Drive Market
Table 167 UK: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 168 UK: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 169 UK: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 170 UK: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.3.4 France
11.3.4.1 Accelerating Automation to Drive Market
Table 171 France: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 172 France: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 173 France: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 174 France: Industrial Vehicles Market, by Country, 2024-2030 (Thousand Units)
11.3.5 Italy
11.3.5.1 Growing E-Commerce Sector to Drive Market
Table 175 Italy: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 176 Italy: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 177 Italy: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 178 Italy: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.3.6 Spain
11.3.6.1 Rising Activities in Logistics and Warehousing Sectors to Drive Market
Table 179 Spain: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 180 Spain: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 181 Spain: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 182 Spain: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.3.7 Rest of Europe
Table 183 Rest of Europe: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 184 Rest of Europe: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 185 Rest of Europe: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 186 Rest of Europe: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.4 North America
11.4.1 North America: Recession Impact
Figure 63 North America: Industrial Vehicles Market, by Country, 2024 Vs. 2030 (USD Million)
Table 187 North America: Industrial Vehicles Market, by Country, 2019-2023 (USD Million)
Table 188 North America: Industrial Vehicles Market, by Country, 2024-2030 (USD Million)
Table 189 North America: Industrial Vehicles Market, by Country, 2019-2023 (Thousand Units)
Table 190 North America: Industrial Vehicles Market, by Country, 2024-2030 (Thousand Units)
11.4.2 US
11.4.2.1 E-Commerce Dynamics and Automation Trends to Drive Market
Table 191 US: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 192 US: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 193 US: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 194 US: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.4.3 Mexico
11.4.3.1 Growing E-Commerce and Manufacturing Sectors to Drive Market
Table 195 Mexico: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 196 Mexico: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 197 Mexico: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 198 Mexico: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.4.4 Canada
11.4.4.1 Government Initiatives on Infrastructure Development to Drive Market
Table 199 Canada: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 200 Canada: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 201 Canada: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 202 Canada: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.5 Rest of the World
11.5.1 Rest of the World: Recession Impact
Figure 64 Rest of the World: Industrial Vehicles Market, by Country, 2024 Vs. 2030 (USD Million)
Table 203 Rest of the World: Industrial Vehicles Market, by Country, 2019-2023 (USD Million)
Table 204 Rest of the World: Industrial Vehicles Market, by Country, 2024-2030 (USD Million)
Table 205 Rest of the World: Industrial Vehicles Market, by Country, 2019-2023 (Thousand Units)
Table 206 Rest of the World: Industrial Vehicles Market, by Country, 2024-2030 (Thousand Units)
11.5.2 Brazil
11.5.2.1 Expanding Food & Beverages Manufacturing Sector to Drive Market
Table 207 Brazil: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 208 Brazil: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 209 Brazil: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 210 Brazil: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.5.3 South Africa
11.5.3.1 Growing Manufacturing Sector to Drive Market
Table 211 South Africa: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 212 South Africa: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 213 South Africa: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 214 South Africa: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
11.5.4 Others
Table 215 Others: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (USD Million)
Table 216 Others: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (USD Million)
Table 217 Others: Industrial Vehicles Market, by Vehicle Type, 2019-2023 (Thousand Units)
Table 218 Others: Industrial Vehicles Market, by Vehicle Type, 2024-2030 (Thousand Units)
12 Competitive Landscape
12.1 Introduction
12.2 Market Share Analysis, 2022
Table 219 Market Share Analysis, 2022
Figure 65 Market Share Analysis of Key Players, 2022
12.3 Revenue Analysis, 2018-2022
Figure 66 Revenue Analysis of Top Five Players, 2018-2022
12.4 Company Valuation and Financial Metrics
Figure 67 Company Valuation of Top Five Players
Figure 68 Financial Matrix of Top Five Players
12.5 Brand/Product Comparison
Figure 69 Brand/Product Comparison of Top Five Players
12.6 Company Evaluation Matrix: Key Players, 2024
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
Figure 70 Industrial Vehicles Market: Company Evaluation Matrix (Key Players), 2024
12.6.5 Company Footprint
Figure 71 Industrial Vehicles Market: Company Footprint, 2024
Table 220 Industrial Vehicles Market: Region Footprint, 2024
Table 221 Industrial Vehicles Market: Drive Type Footprint, 2024
Table 222 Industrial Vehicles Market: Vehicle Type Footprint, 2024
Table 223 Industrial Vehicles Market: Application Footprint, 2024
12.7 Company Evaluation Matrix: Start-Up/SMEs, 2024
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
Figure 72 Industrial Vehicles Market: Company Evaluation Matrix (Start-Ups/SMEs), 2024
12.7.5 Competitive Benchmarking
Table 224 Industrial Vehicles Market: Key Start-Ups/SMEs
Table 225 Industrial Vehicles Market: Competitive Benchmarking of Key Start-Ups/SMEs
12.8 Company Evaluation Matrix for Aerial Work Platforms Market
12.8.1 Stars
12.8.2 Emerging Leaders
12.8.3 Pervasive Players
12.8.4 Participants
Figure 73 Aerial Work Platforms Market: Company Evaluation Matrix, 2024
12.8.5 Company Footprint
Figure 74 Aerial Work Platforms Market: Company Footprint, 2024
Table 226 Aerial Work Platforms Market: Region Footprint, 2024
Table 227 Aerial Work Platforms Market: Type Footprint, 2024
12.9 Competitive Scenario
12.9.1 Product Launches/Developments
Table 228 Industrial Vehicles Market: Product Launches/Developments, 2022-2024
12.9.2 Deals
Table 229 Industrial Vehicles Market: Deals, 2022-2024
12.9.3 Expansions
Table 230 Industrial Vehicles Market: Expansions, 2022-2024
13 Company Profiles
(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 Key Players (Industrial Vehicles)
13.1.1 Toyota Industries Corporation
Table 231 Toyota Industries Corporation: Company Overview
Figure 75 Toyota Industries Corporation: Company Snapshot
Figure 76 Percentage of Total Shares for Toyota Industries Corporation's Major Shareholders (2023)
Figure 77 Key Products of Toyota Industries Corporation
Table 232 Toyota Industries Corporation: Products Offered
Table 233 Toyota Industries Corporation: Product Launches/Developments
Table 234 Toyota Industries Corporation: Deals
13.1.2 Kion Group AG
Table 235 Kion Group AG: Company Overview
Figure 78 Kion Group AG: Company Snapshot
Figure 79 Kion Group AG: Employee Strength, by Region (2023)
Figure 80 Kion Group AG: Production Sites (2023)
Table 236 Kion Group AG: Products Offered
Table 237 Kion Group AG: Product Launches/Developments
Table 238 Kion Group AG: Deals
Table 239 Kion Group AG: Expansions
13.1.3 Mitsubishi Logisnext Co., Ltd.
Table 240 Mitsubishi Logisnext Co., Ltd.: Company Overview
Figure 81 Mitsubishi Logisnext Co., Ltd.: Company Snapshot
Table 241 Mitsubishi Logisnext Co., Ltd.: Major Shareholders (Common Stock)
Table 242 Mitsubishi Logisnext Co., Ltd.: Products Offered
Table 243 Mitsubishi Logisnext Co., Ltd.: Product Launches/Developments
Table 244 Mitsubishi Logisnext Co., Ltd.: Deals
Table 245 Mitsubishi Logisnext Co., Ltd.: Expansions
Table 246 Mitsubishi Logisnext Co., Ltd.: Other Developments
13.1.4 Jungheinrich AG
Table 247 Jungheinrich AG: Company Overview
Figure 82 Jungheinrich AG: Company Snapshot
Figure 83 Jungheinrich AG: Geographic Presence
Table 248 Jungheinrich AG: Products Offered
Table 249 Jungheinrich AG: Product Launches/Developments
Table 250 Jungheinrich AG: Deals
Table 251 Jungheinrich AG: Expansions
13.1.5 Crown Equipment Corporation
Table 252 Crown Equipment Corporation: Company Overview
Table 253 Major Buyers of Products & Services from Crown Equipment Corporation
Table 254 Crown Equipment Corporation: Products Offered
Table 255 Crown Equipment Corporation: Product Launches/Developments
Table 256 Crown Equipment Corporation: Expansions
13.1.6 Hyster-Yale Materials Handling, Inc.
Table 257 Hyster-Yale Materials Handling, Inc.: Company Overview
Figure 84 Hyster-Yale Materials Handling, Inc.: Company Snapshot
Table 258 Hyster-Yale Materials Handling, Inc.: Products Offered
Table 259 Hyster-Yale Materials Handling, Inc.: Worldwide Lift Truck Sales, by Product (2023)
Table 260 Hyster-Yale Materials Handling, Inc.: Product Launches/Developments
Table 261 Hyster-Yale Materials Handling, Inc.: Deals
Table 262 Hyster-Yale Materials Handling, Inc.: Expansions
Table 263 Hyster-Yale Materials Handling, Inc.: Other Developments
13.1.7 Hangcha Group Co., Ltd.
Table 264 Hangcha Group Co., Ltd.: Company Overview
Table 265 Hangcha Group Co., Ltd.: Products Offered
Table 266 Hangcha Group Co., Ltd.: Product Launches/Developments
Table 267 Hangcha Group Co., Ltd.: Expansions
13.1.8 Clark
Table 268 Clark: Company Overview
Figure 85 Clark: Company Snapshot
Table 269 Clark: Products Offered
Table 270 Clark: Product Launches/Developments
Table 271 Clark: Expansions
13.1.9 Anhui Heli Co., Ltd.
Table 272 Anhui Heli Co., Ltd.: Company Overview
Figure 86 Anhui Heli Co., Ltd.: Company Snapshot
Table 273 Anhui Heli Co., Ltd.: Products Offered
Table 274 Anhui Heli Co., Ltd.: Product Launches/Developments
Table 275 Anhui Heli Co., Ltd.: Deals
Table 276 Anhui Heli Co., Ltd.: Other Developments
13.1.10 Konecranes
Table 277 Konecranes: Company Overview
Figure 87 Konecranes: Company Snapshot
Table 278 Konecranes: Products Offered
Table 279 Konecranes: Product Launches/Developments
Table 280 Konecranes: Deals
Table 281 Konecranes: Other Developments
13.1.11 Ep Equipment
Table 282 Ep Equipment: Company Overview
Figure 88 Ep Equipment: Company Snapshot
Table 283 Ep Equipment: Products Offered
Table 284 Ep Equipment: Product Launches/Developments
Table 285 Ep Equipment: Expansions
Table 286 Ep Equipment: Other Developments
13.2 Other Players (Industrial Vehicles)
13.2.1 Komatsu Ltd.
Table 287 Komatsu Ltd.: Company Overview
13.2.2 Doosan Industrial Vehicle
Table 288 Doosan Industrial Vehicle: Company Overview
13.2.3 Manitou Group
Table 289 Manitou Group: Company Overview
13.2.4 Cargotec Corporation
Table 290 Cargotec Corporation: Company Overview
13.2.5 Action Construction Equipment Ltd.
Table 291 Action Construction Equipment Ltd.: Company Overview
13.2.6 Hyundai Construction Equipment India Pvt. Ltd.
Table 292 Hyundai Construction Equipment India Pvt. Ltd.: Company Overview
13.2.7 V. Mariotti Srl
Table 293 V. Mariotti Srl: Company Overview
13.2.8 Combilift
Table 294 Combilift: Company Overview
13.2.9 Daifuku
Table 295 Daifuku: Company Overview
13.2.10 Jbt
Table 296 Jbt: Company Overview
13.2.11 Lonking Machinery Co., Ltd.
Table 297 Lonking Machinery Co., Ltd.: Company Overview
13.2.12 Hubtex Maschinenbau GmbH & Co. Kg
Table 298 Hubtex Maschinenbau GmbH & Co. Kg: Company Overview
13.2.13 Godrej & Boyce Mfg. Co. Ltd.
Table 299 Godrej & Boyce Mfg. Co. Ltd.: Company Overview
13.2.14 Svetruck Ab
Table 300 Svetruck Ab: Company Overview
13.2.15 Stocklin Logistik AG
Table 301 Stocklin Logistik AG: Company Overview
13.2.16 O.M.G. Srl
Table 302 O.M.G. Srl: Company Overview
13.2.17 Paletrans Forklifts
Table 303 Paletrans Forklifts: Company Overview
13.2.18 Genkinger GmbH
Table 304 Genkinger GmbH: Company Overview
13.2.19 Flexi Trucks
Table 305 Flexi Trucks: Company Overview
13.2.20 Agilox Services GmbH
Table 306 Agilox Services GmbH: Company Overview
13.3 Key Players (Lifting Platforms)
13.3.1 Jlg Industries, Inc.
Table 307 Jlg Industries, Inc.: Company Overview
Figure 89 Jlg Industries, Inc.: Company Snapshot
Table 308 Jlg Industries, Inc.: Major Centers
Table 309 Jlg Industries, Inc.: Products Offered
Table 310 Jlg Industries, Inc.: Product Launches/Developments
Table 311 Jlg Industries, Inc.: Deals
Table 312 Jlg Industries, Inc.: Expansions
13.3.2 Tadano Ltd.
Table 313 Tadano Ltd.: Company Overview
Figure 90 Tadano Ltd.: Company Snapshot
Table 314 Tadano Ltd.: Products Offered
Table 315 Tadano Ltd.: Deals
Table 316 Tadano Ltd.: Expansions
Table 317 Tadano Ltd.: Other Developments
13.3.3 Terex Corporation
Table 318 Terex Corporation: Company Overview
Figure 91 Terex Corporation: Company Snapshot
Figure 92 Terex Corporation: Brands and Offerings
Table 319 Terex Corporation: Patents
Table 320 Terex Corporation: Products Offered
Table 321 Terex Corporation: Product Launches/Developments
Table 322 Terex Corporation: Expansions
13.3.4 Linamar Corporation
Table 323 Linamar Corporation: Company Overview
Figure 93 Linamar Corporation: Company Snapshot
Table 324 Linamar Corporation: Manufacturing Facilities
Table 325 Linamar Corporation: Products Offered
Table 326 Linamar Corporation: Product Launches/Developments
Table 327 Linamar Corporation: Deals
Table 328 Linamar Corporation: Expansions
13.3.5 Magni Telescopic Handlers Srl
Table 329 Magni Telescopic Handlers Srl: Company Overview
Table 330 Magni Telescopic Handlers Srl: Products Offered
Table 331 Magni Telescopic Handlers Srl: Product Launches/Developments
Table 332 Magni Telescopic Handlers Srl: Deals
Table 333 Magni Telescopic Handlers Srl: Expansions
13.4 Other Players (Lifting Platforms)
13.4.1 Haulotte Group
Table 334 Haulotte Group: Company Overview
13.4.2 Aichi Corporation
Table 335 Aichi Corporation: Company Overview
13.4.3 Palfinger AG
Table 336 Palfinger AG: Company Overview
13.4.4 Imer International S.P.A.
Table 337 Imer International S.P.A.: Company Overview
13.4.5 Sinoboom Intelligent Equipment Co., Ltd.
Table 338 Sinoboom Intelligent Equipment Co., Ltd.: Company Overview
13.4.6 Altec Industries
Table 339 Altec Industries: Company Overview
13.4.7 J C Bamford Excavators Ltd.
Table 340 Jc Bamford Excavators Ltd.: Company Overview
13.4.8 Noblelift Intelligent Equipment Co., Ltd.
Table 341 Noblelift Intelligent Equipment Co., Ltd.: Company Overview
13.4.9 Bronto Skylift
Table 342 Bronto Skylift: Company Overview
13.4.10 Snorkel
Table 343 Snorkel: Company Overview
13.4.11 Dinolift Oy
Table 344 Dinolift Oy: Company Overview
14 Analyst's Recommendations
14.1 Asia-Pacific to be Dominant Market for Industrial Vehicles
14.2 Germany to be Fastest-Growing Market in Europe
14.3 Impact of E-Commerce on Industrial Vehicles Market
14.4 Autonomous Forklifts to be Key Focus Area for Industrial Vehicle Manufacturers
14.5 Conclusion
15 Appendix
15.1 Key Insights from Industry Experts
15.2 Discussion Guide
15.3 Knowledgestore: The Subscription Portal
15.4 Customization Options
15.4.1 By Capacity, at Regional Level, for Each Vehicle Type
15.4.2 By Drive Type, at Regional Level, for Each Vehicle Type
15.4.3 By Application, at Global Level, for Each Vehicle Type
15.4.4 Company Information
15.4.4.1 Profiling of Additional Market Players (Up to Five)
