Industrial Vehicles Market - Global Forecast 2026-2032

The industrial vehicles market is experiencing transformative shifts driven by technology adoption, evolving regulations, and increasing operational demands. Senior decision-makers are re-evaluating strategies as product architectures integrate electrification, automation, and digital systems, fundamentally reshaping global procurement and fleet management.

Market Snapshot: Industrial Vehicles Market Size and Growth

The Industrial Vehicles Market grew from USD 58.08 billion in 2025 to USD 61.03 billion in 2026, with expectations to reach USD 85.15 billion by 2032 at a CAGR of 5.61%.

Scope & Segmentation

Vehicle Types: Container Handler, Counterbalance Forklift, Order Picker, Pallet Truck, Reach Truck, Tow Tractor
Power Sources: Diesel, Electric, Gasoline, Hybrid, LPG
Battery Technologies: Lead-acid, Lithium-ion (with considerations for charging strategies and lifecycle management)
Lift Capacities: ≤2 Ton, 2–5 Ton, 5–10 Ton, >10 Ton
End-User Industries: Automotive, Construction, Food & Beverage, Manufacturing, Retail, Warehousing & Logistics
Operation Modes: Manual, Semi-Automated, Fully Automated
Regional Coverage: Americas, Europe Middle East & Africa, Asia-Pacific
Strategic Themes: Electrification trends, automation adoption, supply chain resilience, regulatory and standards developments
Procurement and Aftersales: Approaches to sourcing strategies, inventory controls, aftermarket support, and vendor relationships

Key Takeaways for Industrial Vehicle Stakeholders

Electrification is shifting innovation focus from engines to batteries and power management, expanding options for end-users and challenging traditional product cycles.
Automation is redefining operational workflows, influencing workforce needs and facilities design as higher degrees of autonomy become viable in warehouses and manufacturing sites.
Supply chain resilience has prompted diversification and regionalization of sourcing, encouraging procurement teams to emphasize local supplier networks and material availability.
Adoption pathways increasingly reflect regulatory shifts, with new emissions and safety standards driving accelerated equipment upgrades and shaping leasing or contract models.
Circular economy factors, including remanufacturing and battery second-life applications, are becoming integral to product offerings and procurement criteria.
Regional market differences require adaptive strategies; for example, Asia-Pacific leads in manufacturing scale, while Western Europe accelerates sustainability and emissions compliance.

Tariff Impact: Overview of 2025 United States Tariffs

In 2025, tariffs in the United States increased landed costs for imported components. This led organizations to reevaluate supplier diversification and promote near-shoring strategies. Equipment manufacturers responded with localized assembly shifts and renegotiated supplier agreements to manage volatility. These changes affected operational planning, workforce deployment, and aftersales logistics as inventory and sourcing channels adapted to evolving trade frameworks. Additionally, investment in modular product architectures increased, supporting component substitution and risk mitigation in response to trade-related cost pressures. Financial instruments and service models were adapted, including enhanced warranty and financing solutions, to assist customers through fleet modernization cycles.

Methodology & Data Sources

The report uses a mixed-methods approach, combining qualitative interviews with executives, procurement leads, and technical specialists and secondary analysis of technical standards, regulatory documents, and company disclosures. Scenario analysis and expert workshops validated assumptions, ensuring accuracy and relevance for decision-making across the industrial vehicles value chain.

Why This Report Matters

Enables senior leaders to anticipate market shifts and refine capital allocation by aligning operational priorities with emerging regulatory and technology trends.
Supports scenario planning and supplier negotiations with actionable insights on procurement, manufacturing, and aftersales strategies under changing market conditions.
Facilitates well-informed investment and transformation plans by identifying key levers in product design, supply networks, and service ecosystems.

Conclusion

Industrial vehicle stakeholders face an evolving landscape of technology, regulation, and supply chain complexity. Focusing on modular design, robust supplier relationships, and adaptive service models strengthens competitive positioning while enabling operational resilience amid ongoing transformation.

Additional Product Information:

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1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Industrial Vehicles Market, by Vehicle Type

8.1. Container Handler
8.2. Counterbalance Forklift
8.3. Order Picker
8.4. Pallet Truck
8.5. Reach Truck
8.6. Tow Tractor

9. Industrial Vehicles Market, by Power Source

9.1. Diesel
9.2. Electric
9.2.1. Lead Acid
9.2.2. Lithium Ion
9.3. Gasoline
9.4. Hybrid
9.5. LPG

10. Industrial Vehicles Market, by Lift Capacity

10.1. 2-5 Ton
10.2. 5-10 Ton
10.3. >10 Ton
10.4. =2 Ton

11. Industrial Vehicles Market, by Operation Mode

11.1. Fully Automated Operation
11.2. Manual Operation
11.3. Semi Automated Operation

12. Industrial Vehicles Market, by End User Industry

12.1. Automotive
12.2. Construction
12.3. Food And Beverage
12.4. Manufacturing
12.5. Retail
12.6. Warehousing And Logistics

13. Industrial Vehicles Market, by Region

13.1. Americas
13.1.1. North America
13.1.2. Latin America
13.2. Europe, Middle East & Africa
13.2.1. Europe
13.2.2. Middle East
13.2.3. Africa
13.3. Asia-Pacific

14. Industrial Vehicles Market, by Group

14.1. ASEAN
14.2. GCC
14.3. European Union
14.4. BRICS
14.5. G7
14.6. NATO

15. Industrial Vehicles Market, by Country

15.1. United States
15.2. Canada
15.3. Mexico
15.4. Brazil
15.5. United Kingdom
15.6. Germany
15.7. France
15.8. Russia
15.9. Italy
15.10. Spain
15.11. China
15.12. India
15.13. Japan
15.14. Australia
15.15. South Korea

16. United States Industrial Vehicles Market
17. China Industrial Vehicles Market

18. Competitive Landscape

18.1. Market Concentration Analysis, 2025
18.1.1. Concentration Ratio (CR)
18.1.2. Herfindahl Hirschman Index (HHI)
18.2. Recent Developments & Impact Analysis, 2025
18.3. Product Portfolio Analysis, 2025
18.4. Benchmarking Analysis, 2025
18.5. Anhui Heli Co., Ltd.
18.6. BYD Manufacture Co., Ltd.
18.7. Caterpillar Inc.
18.8. Combilift Ltd.
18.9. Crown Equipment Corporation
18.10. Doosan Industrial Vehicle Co., Ltd.
18.11. EP Equipment Co., Ltd.
18.12. Godrej & Boyce Mfg. Co. Ltd.
18.13. Hangcha Group Co., Ltd.
18.14. Hubtex Maschinenbau GmbH & Co. KG
18.15. Hyster-Yale Materials Handling, Inc.
18.16. Hyundai Heavy Industries Co., Ltd.
18.17. Jungheinrich AG
18.18. Kalmar
18.19. KION Group AG
18.20. Komatsu Ltd.
18.21. Lonking Holdings Limited
18.22. Manitou Group S.A.
18.23. Merlo S.p.A.
18.24. Mitsubishi Logisnext Co., Ltd.
18.25. Svetruck AB
18.26. Toyota Industries Corporation
18.27. UniCarriers Corporation
18.28. VOLTAS Material Handling

List of Figures

FIGURE 1. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL INDUSTRIAL VEHICLES MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL INDUSTRIAL VEHICLES MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 12. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 13. CHINA INDUSTRIAL VEHICLES MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY CONTAINER HANDLER, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY CONTAINER HANDLER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY CONTAINER HANDLER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTERBALANCE FORKLIFT, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTERBALANCE FORKLIFT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTERBALANCE FORKLIFT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY ORDER PICKER, BY REGION, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY ORDER PICKER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY ORDER PICKER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY PALLET TRUCK, BY REGION, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY PALLET TRUCK, BY GROUP, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY PALLET TRUCK, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY REACH TRUCK, BY REGION, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY REACH TRUCK, BY GROUP, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY REACH TRUCK, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY TOW TRACTOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY TOW TRACTOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY TOW TRACTOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY DIESEL, BY REGION, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY DIESEL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY DIESEL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, BY REGION, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, BY GROUP, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LEAD ACID, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LEAD ACID, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LEAD ACID, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LITHIUM ION, BY REGION, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LITHIUM ION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LITHIUM ION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY GASOLINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY GASOLINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY GASOLINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY HYBRID, BY REGION, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY HYBRID, BY GROUP, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY HYBRID, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LPG, BY REGION, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LPG, BY GROUP, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LPG, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY 2-5 TON, BY REGION, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY 2-5 TON, BY GROUP, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY 2-5 TON, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY 5-10 TON, BY REGION, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY 5-10 TON, BY GROUP, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY 5-10 TON, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY >10 TON, BY REGION, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY >10 TON, BY GROUP, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY >10 TON, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY =2 TON, BY REGION, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY =2 TON, BY GROUP, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY =2 TON, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY FULLY AUTOMATED OPERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY FULLY AUTOMATED OPERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY FULLY AUTOMATED OPERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY MANUAL OPERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY MANUAL OPERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY MANUAL OPERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY SEMI AUTOMATED OPERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY SEMI AUTOMATED OPERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY SEMI AUTOMATED OPERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY AUTOMOTIVE, BY REGION, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY AUTOMOTIVE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY AUTOMOTIVE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY CONSTRUCTION, BY REGION, 2018-2032 (USD MILLION)
TABLE 72. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY CONSTRUCTION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 73. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY CONSTRUCTION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 74. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY FOOD AND BEVERAGE, BY REGION, 2018-2032 (USD MILLION)
TABLE 75. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY FOOD AND BEVERAGE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 76. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY FOOD AND BEVERAGE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 77. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY MANUFACTURING, BY REGION, 2018-2032 (USD MILLION)
TABLE 78. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY MANUFACTURING, BY GROUP, 2018-2032 (USD MILLION)
TABLE 79. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY MANUFACTURING, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 80. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY RETAIL, BY REGION, 2018-2032 (USD MILLION)
TABLE 81. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY RETAIL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 82. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY RETAIL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 83. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY WAREHOUSING AND LOGISTICS, BY REGION, 2018-2032 (USD MILLION)
TABLE 84. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY WAREHOUSING AND LOGISTICS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 85. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY WAREHOUSING AND LOGISTICS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 86. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 87. AMERICAS INDUSTRIAL VEHICLES MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 88. AMERICAS INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 89. AMERICAS INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 90. AMERICAS INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 91. AMERICAS INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 92. AMERICAS INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 93. AMERICAS INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 94. NORTH AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 95. NORTH AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 96. NORTH AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 97. NORTH AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 98. NORTH AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 99. NORTH AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 100. NORTH AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 101. LATIN AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 102. LATIN AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 103. LATIN AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 104. LATIN AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 105. LATIN AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 106. LATIN AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 107. LATIN AMERICA INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 108. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 109. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 110. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 111. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 112. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 113. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 114. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 115. EUROPE INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 116. EUROPE INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 117. EUROPE INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 118. EUROPE INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 119. EUROPE INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 120. EUROPE INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 121. EUROPE INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 122. MIDDLE EAST INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 123. MIDDLE EAST INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 124. MIDDLE EAST INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 125. MIDDLE EAST INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 126. MIDDLE EAST INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 127. MIDDLE EAST INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 128. MIDDLE EAST INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 129. AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 130. AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 131. AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 132. AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 133. AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 134. AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 135. AFRICA INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 136. ASIA-PACIFIC INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 137. ASIA-PACIFIC INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 138. ASIA-PACIFIC INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 139. ASIA-PACIFIC INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 140. ASIA-PACIFIC INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 141. ASIA-PACIFIC INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 142. ASIA-PACIFIC INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 143. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 144. ASEAN INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 145. ASEAN INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 146. ASEAN INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 147. ASEAN INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 148. ASEAN INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 149. ASEAN INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 150. ASEAN INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 151. GCC INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 152. GCC INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 153. GCC INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 154. GCC INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 155. GCC INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 156. GCC INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 157. GCC INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 158. EUROPEAN UNION INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 159. EUROPEAN UNION INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 160. EUROPEAN UNION INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 161. EUROPEAN UNION INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 162. EUROPEAN UNION INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 163. EUROPEAN UNION INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 164. EUROPEAN UNION INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 165. BRICS INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 166. BRICS INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 167. BRICS INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 168. BRICS INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 169. BRICS INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 170. BRICS INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 171. BRICS INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 172. G7 INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 173. G7 INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 174. G7 INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 175. G7 INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 176. G7 INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 177. G7 INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 178. G7 INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 179. NATO INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 180. NATO INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 181. NATO INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 182. NATO INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 183. NATO INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 184. NATO INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 185. NATO INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 186. GLOBAL INDUSTRIAL VEHICLES MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 187. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 188. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 189. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 190. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 191. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 192. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 193. UNITED STATES INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)
TABLE 194. CHINA INDUSTRIAL VEHICLES MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 195. CHINA INDUSTRIAL VEHICLES MARKET SIZE, BY VEHICLE TYPE, 2018-2032 (USD MILLION)
TABLE 196. CHINA INDUSTRIAL VEHICLES MARKET SIZE, BY POWER SOURCE, 2018-2032 (USD MILLION)
TABLE 197. CHINA INDUSTRIAL VEHICLES MARKET SIZE, BY ELECTRIC, 2018-2032 (USD MILLION)
TABLE 198. CHINA INDUSTRIAL VEHICLES MARKET SIZE, BY LIFT CAPACITY, 2018-2032 (USD MILLION)
TABLE 199. CHINA INDUSTRIAL VEHICLES MARKET SIZE, BY OPERATION MODE, 2018-2032 (USD MILLION)
TABLE 200. CHINA INDUSTRIAL VEHICLES MARKET SIZE, BY END USER INDUSTRY, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Industrial Vehicles market report include:

Anhui Heli Co., Ltd.
BYD Manufacture Co., Ltd.
Caterpillar Inc.
Combilift Ltd.
Crown Equipment Corporation
Doosan Industrial Vehicle Co., Ltd.
EP Equipment Co., Ltd.
Godrej & Boyce Mfg. Co. Ltd.
Hangcha Group Co., Ltd.
Hubtex Maschinenbau GmbH & Co. KG
Hyster-Yale Materials Handling, Inc.
Hyundai Heavy Industries Co., Ltd.
Jungheinrich AG
Kalmar
KION Group AG
Komatsu Ltd.
Lonking Holdings Limited
Manitou Group S.A.
Merlo S.p.A.
Mitsubishi Logisnext Co., Ltd.
Svetruck AB
Toyota Industries Corporation
UniCarriers Corporation
VOLTAS Material Handling

Table Information

Report Attribute	Details
No. of Pages	193
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 61.03 Billion
Forecasted Market Value ( USD ) by 2032	$ 85.15 Billion
Compound Annual Growth Rate	5.6%
Regions Covered	Global
No. of Companies Mentioned	25

License	Properties	Price
SINGLE USER LICENSE PDF, Excel and Online Access	This is a single user license, allowing one user access to the product.	€3511EUR$3,939USD£3,045GBP
1 - 5 USER LICENSE PDF, Excel and Online Access	This is a 1-5 user license, allowing up to five users have access to the product.	€3787EUR$4,249USD£3,285GBP
SITE LICENSE PDF, Excel and Online Access	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€5133EUR$5,759USD£4,452GBP
ENTERPRISE LICENSE PDF, Excel and Online Access	This is an enterprise license, allowing all employees within your organization access to the product.	€6212EUR$6,969USD£5,387GBP

Market Snapshot: Industrial Vehicles Market Size and Growth

Scope & Segmentation

Key Takeaways for Industrial Vehicle Stakeholders

Tariff Impact: Overview of 2025 United States Tariffs

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

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