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Industrial Vehicles Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Industrial Vehicles Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Industrial Vehicles Market: Product (Forklift, Tow Tractor, Aisle Truck, Container Handler), Drive Type (Internal Combustion Engine, Battery-Operated, Gas-Powered), Application (Industrial, Cargo) and Geography

 

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Report

Description

Industrial Vehicles Market will be valued at USD 42.6 billion in 2021. It is expected to reach a value of USD 60.7 billion by 2028, growing at a CAGR of 5.2% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Industrial Vehicles Market, which has been segmented by product, drive type, and application. By product, the industrial vehicles market has been segmented into Forklifts, Tow Tractor, Aisle Trucks, and Container handlers. The aisle truck segment is likely the most significant and fastest-growing segment in terms of product. By drive type, the industrial vehicles market has been segmented into Internal Combustion Engine, Battery-Operated, and Gas-Powered. The battery-operated segment holds a significant revenue share in the market. Based on the application, Industrial Vehicles is segmented into Industrial, Cargo. According to precision business insights, the cargo segment is predicted to register the fastest growth rate during the forecast period.

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Key development:

In February 2022, CLARK added the new TWLi20 three-wheel electric lithium-ion powered lift truck to the company’s product line of industrial lift trucks.

 Industrial Vehicles Market

MARKET SUMMARY
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5.2% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR–5.2%
  • Largest Market– North America
  • Fastest Market- Asia Pacific

 Industrial Vehicles Market

  • The global industrial vehicles market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report gives historical, current, and future market sizes (US$ Mn) on the basis of type, end user and region.
Key Players
  • Anhui Heli Co., Ltd
  • Crown Equipment Corporation
  • Hangcha Group Co. Ltd.
  • Hyster-Yale Materials Handling, Inc.
  • Jungheinrich AG
  • Kion Group AG
 Industrial Vehicles Market Dynamics

The number of warehouses per country is rising due to the expanding demand for them to support hub and spoke models in various industries, including e-commerce, the production of automotive components, consumer goods, and electronics. Over the next coming years, the warehouse and fulfillment sector are anticipated to rise by double digits.

Asia-Pacific Got Significant Share

 Industrial Vehicles Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2022-2028
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
industrial vehicles market Segmentation

segmentation-block-image

Product

    • Forklift
    • Tow Tractor
    • Aisle Truck
    • Container Handler
segmentation-block-image

Drive Type

    •  Internal Combustion Engine
    • Battery-Operated
    • Gas-Powered
segmentation-block-image

Application

    • Industrial
    • Cargo
Location

GEOGRAPHY

Frequently Asked Questions

The industrial vehicles market is projected to expand at a CAGR of 5.2% during the forecast period.

 

The major players in the global industrial vehicles market are Toyota Industries Corporation (Japan), KION Group AG (Germany), Mitsubishi Logisnext Co., Ltd. (Japan), Jungheinrich AG (Germany), and Crown Equipment Corporation (US).

 

​​The Asia Pacific market is expected to witness the largest market share during the forecast period

Report

Table Of Content

 

1. Executive Summary
2. Global Industrial Vehicles Market Introduction
2.1. Global Industrial Vehicles Market – Taxonomy
2.2. Global Industrial Vehicles Market –Definitions
2.2.1. Product
2.2.2. Drive Type
2.2.3. Application
2.2.4. Region
3. Global Industrial Vehicles Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Industrial Vehicles Market Dynamic Factors – Impact Analysis
3.6. Impact of COVID 19 on The Market
3.7. Three Forecast Scenarios – Pessimistic, Conservative and Opportunistic
3.8. Mapping Market Players Activities
3.9. Recent Key Developments
3.10. Financial Status of the Market Players
3.11. Recent Acquisitions, Collaborations and Mergers
4. Global Industrial Vehicles Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Industrial Vehicles Market Forecast, By Product, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1. Forklift
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Tow Tractor
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Aisle Truck
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Container Handler
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Industrial Vehicles Market Forecast, By Drive, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1. Internal Combustion Engine
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Battery Operated
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Gas-Powered
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Market Opportunity Analysis Global Industrial Vehicles Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.1. Industrial
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Cargo
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Industrial Vehicles Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Industrial Vehicles Market – Opportunity Analysis Index, By Product, Application, End User, and Region, 2022 – 2028
9. North America Industrial Vehicles Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.1.1. Forklift
9.1.2. Tow Tractor
9.1.3. Aisle Truck
9.1.4. Container Handler
9.2. Drive Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Internal Combustion Engine
9.2.2. Battery-Operated
9.2.3. Gas-Powered
9.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Industrial
9.3.2. Cargo
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
9.4.1. U.S.
9.4.2. Canada
9.5. North America Industrial Vehicles Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
9.6. North America Industrial Vehicles Market Dynamics – Trends
10. Europe Industrial Vehicles Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.1.1. Forklift
10.1.2. Tow Tractor
10.1.3. Aisle Truck
10.1.4. Container Handler
10.2. Drive Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Internal Combustion Engine
10.2.2. Battery-Operated
10.2.3. Gas-Powered
10.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Industrial
10.3.2. Cargo
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Europe Industrial Vehicles Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
10.6. Europe Industrial Vehicles Market Dynamics – Trends
11. Asia-Pacific Industrial Vehicles Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
11.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Forklift
11.1.2. Tow Tractor
11.1.3. Aisle Truck
11.1.4. Container Handler
11.2. Drive Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Internal Combustion Engine
11.2.2. Battery-Operated
11.2.3. Gas-Powered
11.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Industrial
11.3.2. Cargo
11.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Rest of Asia-Pacific
11.5. Asia-Pacific Industrial Vehicles Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
11.6. Asia-Pacific Industrial Vehicles Market Dynamics – Trends
12. Latin America Industrial Vehicles Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
12.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Forklift
12.1.2. Tow Tractor
12.1.3. Aisle Truck
12.1.4. Container Handler
12.2. Drive Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Internal Combustion Engine
12.2.2. Battery-Operated
12.2.3. Gas-Powered
12.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Industrial
12.3.2. Cargo
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of Latin America
12.5. Latin America Industrial Vehicles Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
12.6. Latin America Industrial Vehicles Market Dynamics – Trends
13. Middle East and Africa Industrial Vehicles Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
13.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.1.1. Forklift
13.1.2. Tow Tractor
13.1.3. Aisle Truck
13.1.4. Container Handler
13.2. Drive Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Internal Combustion Engine
13.2.2. Battery-Operated
13.2.3. Gas-Powered
13.3. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Industrial
13.3.2. Cargo
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Saudi Arabia
13.4.2. GCC Countries
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Industrial Vehicles Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
13.6. MEA Industrial Vehicles Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Anhui Heli Co., Ltd
14.2.2. Crown Equipment Corporation
14.2.3. Hangcha Group Co. Ltd.
14.2.4. Hyster-Yale Materials Handling, Inc.
14.2.5. Jungheinrich AG
14.2.6. Kion Group AG
14.2.7. Konecranes
14.2.8. Mitsubishi Nichiyu Forklift Co., Ltd.
14.2.9. Toyota Industries Corpo
14.2.10. ZF Friedrichshafen AG
14.2.11. Others
15. Research Methodology
16. Key Assumptions and Acronyms
Report

Company Profile

  • Anhui Heli Co., Ltd
  • Crown Equipment Corporation
  • Hangcha Group Co. Ltd.
  • Hyster-Yale Materials Handling, Inc.
  • Jungheinrich AG
  • Kion Group AG
  • Konecranes
  • Mitsubishi Nichiyu Forklift Co., Ltd.
  • Toyota Industries Corpo
  • ZF Friedrichshafen AG

Description

Industrial Vehicles Market will be valued at USD 42.6 billion in 2021. It is expected to reach a value of USD 60.7 billion by 2028, growing at a CAGR of 5.2% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Industrial Vehicles Market, which has been segmented by product, drive type, and application. By product, the industrial vehicles market has been segmented into Forklifts, Tow Tractor, Aisle Trucks, and Container handlers. The aisle truck segment is likely the most significant and fastest-growing segment in terms of product. By drive type, the industrial vehicles market has been segmented into Internal Combustion Engine, Battery-Operated, and Gas-Powered. The battery-operated segment holds a significant revenue share in the market. Based on the application, Industrial Vehicles is segmented into Industrial, Cargo. According to precision business insights, the cargo segment is predicted to register the fastest growth rate during the forecast period.

.

Key development:

In February 2022, CLARK added the new TWLi20 three-wheel electric lithium-ion powered lift truck to the company’s product line of industrial lift trucks.

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