Industrial Vehicles Market

Industrial Vehicles Market (Type: Forklifts, Personnel and Burden Carriers, Tow Tractors, Container Handlers, Automated Guided Vehicles, Aerial Work Platforms, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034

Industrial Vehicles Market Outlook 2034

  • The global industry was valued at US$ 77.0 Bn in 2023
  • It is estimated to grow at a CAGR of 6.0% from 2024 to 2034 and reach US$ 146.8 Bn by the end of 2034

Analyst Viewpoint

Major e-commerce players such as Amazon and eBay have started using automated guided vehicles in their warehouse and logistics business operations, pushing the market demand for industrial vehicles in the e-commerce industry.

New technological developments and surge in R&D activities by key market participants in the development of alternate fuel powered industrial vehicles such as electric powered, fuel-cell powered, or hydrogen powered for better operability and reduced costs for end-users is anticipated to create lucrative industrial vehicles market opportunities during the forecast period.

Higher initial cost of electric industrial vehicles, and high maintenance and repair costs due to periodic upkeep is a market limitation. However, innovative business models adopted by some manufacturers such as rental and leasing of industrial vehicles in certain markets might attract new players and integrators to the landscape.

Market Introduction

Industrial vehicles are trucks or equipment used for material handling and transportation from one location to another in an industrial setup. The basic operations of industrial vehicles include raising, lowering, or moving heavy objects and a number of small objects stacked together on a pallet or any container with maneuverability and efficiency.

Forklifts, automated guided vehicles, tow tractors, and aerial work platforms (AWPs) are common types of industrial vehicles powered by either diesel, gasoline, or battery.

Industrial vehicles are used in manufacturing processes, warehousing, logistics, and other applications where moving heavy objects is involved. Forklifts are equipped with a forklike mechanism on its frontend, designed to lift and move loads on a specifically designed platform such as pallets.

Industrial vehicles are being widely adopted by end-users due to flexibility in operations and technological advancements through large-scale investments in R&D activities in recent years, thus driving the industrial vehicles market value.

Attribute Detail
Drivers
  • Rapid Growth in E-commerce Industry
  • Surge in Demand for Electrical and Automated Industrial Vehicles

Rapid Growth in E-commerce Industry Fueling Industrial Vehicles Market Size

According to International Trade Administration, global e-commerce in B2B has witnessed steady growth in the past decade at 14.5% to reach approximately US$ 36,000 Bn by the end of 2026. This is ascribed to growth in heavy industry including advanced manufacturing, healthcare, and chemicals.

Overall e-commerce trade accounted for 21% of the total retail sales in 2023, attributed to online shopping and changing consumer preferences toward quick-commerce. This is driving growth in warehousing and logistics and influencing growth in industrial vehicles market demand.

Additionally, third-party logistics operators managing warehouses on a large scale for e-retailing prefer forklifts for their material handling operations.

For instance, major e-commerce companies such as Amazon, eBay, and Flipkart are propagating e-commerce by offering an unparalleled shopping experience for consumers through diverse product options, easy purchasing & payments, and flexible exchange or product return policies, leading to effective warehouse management and material handling across its value chain.

This in return is driving the demand for industrial vehicles in B2B, B2C, and other business scenarios.

Surge in Demand for Electric and Automated Industrial Vehicles

Electric industrial vehicles are gaining acceptance from end-users due to lower operational costs as compared to their counterparts powered by diesel or gasoline. For instance, Vedanta Aluminum employed 66 electric battery forklifts at its plant in Odisha, India, aimed at easing operations and meeting the goals of zero-carbon.

Many industrial vehicle manufacturers and startups are focusing on development of technologically advanced industrial vehicles. The development of automated vehicles are a result of shortage of skilled labor for critical material handling such as in chemicals and food & beverages industry, where safety, quality control, and skilled labor is crucial.

Thus, end-users are shifting to employing automated guided industrial vehicles for warehousing and material handling operations to enable smooth and cost-effective business operations.

Furthermore, integrating automated vehicles with advanced warehouse management software to increase inventory accuracy and reduce operational losses is further driving the demand for electric and automated industrial vehicles in the market.

High Demand for Forklifts

The forklifts segment holds major share in the industrial vehicles market segmentation in terms of type. Various manufacturing and e-commerce businesses have deployed forklifts for efficient and hassle-free load handling.

Furthermore, advent of electric powered industrial vehicles are enabling end-users to resolve problems such as increased operational cost, complexities in material handling, and employee turnover.

Technological advancements is another factor driving the growth of forklifts. For instance, Toyota Material Handling launched alternate fuel technology using fuel cells in forklifts.

The company has also established successful partnerships with major hydrogen fuel suppliers in various parts of the world; for e.g., H2Gremm has set up a refueling station at Paris, France, particularly for refueling Toyota’s fuel cell electric forklifts.

The automated guided vehicles segment is projecting to expand at the highest growth rate of 6.87% during the forecast period.

This is attributed to rise in preference from the e-commerce and manufacturing industry. For instance, Amazon included automated forklifts for warehouse management and distribution integrated with artificial intelligence and advanced sensor technologies.

Manufacturing Application Gaining Traction

As per the industrial vehicles market report, based on application, the manufacturing segment held majority share in the market in terms of revenue in 2023.

There is significant investment from manufacturing companies toward Industry 4.0 transformation through automated manufacturing processes and hassle-free material handling in their operational units.

Expansion of activities for supply chain diversification from industries such as electronics and consumer goods, and automotive sector in the Asia Pacific region is further driving growth in demand for industrial vehicles.

Furthermore, adoption of advanced manufacturing practices are becoming a key part of EV manufacturing, renewable energy, and components manufacturing globally, which is further expected to drive industrial vehicles market growth during the forecast period.

Regional Outlook of Industrial Vehicles Market

Attribute Detail
Leading Region Asia Pacific

According to the industrial vehicles market analysis, based on region, Asia Pacific was leading in terms of revenue in 2023. Asia Pacific contributes around 50% in the global production output.

Due to steady growth in consumer goods, semiconductors, and energy sectors, the demand for production of key components and finished goods is on the rise in the region.

Furthermore, Asia Pacific is witnessing robust growth in demand for consumer electronics, electric vehicles, daily essentials, and other products due to surge in urban population, according to ADB.

Also, there is a significant shift in consumer behavior toward online shopping, further enhancing the need for better warehousing and logistics managements for smoother operations, thus driving the demand for industrial vehicles in Asia Pacific.

Analysis of Key Players

As per the industrial vehicles industry report, globally, established players have a stronghold on the market. The market is consolidated with the top 10 players accounting for 60%-65% of revenue. Key players are focused on new product launches, collaboration with OEMs, private entities, and key manufacturers to deliver technologically advanced products and gather a larger industrial vehicles market share.

Anhui Heli Co., Ltd., Clark Material Handling Company, Crown Equipment Corporation, Doosan Industrial Vehicle, EP Equipment Co., Ltd., Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., J C Bamford Excavators Ltd., Jungheinrich AG, KION Group AG, Komatsu Ltd., Konecrane, Manitou Group, Mitsubishi Logisnext Co., Ltd., and Toyota Industries Corporation are the some of the largest industrial vehicles market manufacturers.

Key Developments

  • In May 2024, Anhui Heli Co. Ltd., announced further expansion into Asia Pacific with the launch of a new automated guided vehicle in Indonesia. The new product in the portfolio of electric industrial vehicles is lithium-ion battery powered with load capacity of 1.5 tons to 4 tons available in different variants.
  • In March 2024, Jungheinrich AG announced the launch of a forklift subscription model for the Germany, Spain, and Ireland markets to cater to the surge in demand from various end-use sectors.
  • In March 2024, Komastu Ltd. announced the development of electric forklifts powered by sodium-ion batteries, enabling users with rapid charging and continual operation with short intervals.

Each of these players has been profiled in the industrial vehicles market research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments

Industrial Vehicles Market Snapshot

Attribute Detail
Market Size Value in 2023 (Base Year) US$ 77.0 Bn
Market Forecast Value in 2034 US$ 146.8 Bn
Growth Rate (CAGR) 6.0%
Forecast Period 2024-2034
Historic Period 2020-2022
Base year 2023
Quantitative Units Thousand Units for Volume US$ Bn for Value
Market Analysis It includes cross segment analysis at the global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, value chain analysis, industry trend analysis, etc.
Competition Landscape
  • Market Share Analysis by Company (2023)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc.
Format Electronic (PDF) + Excel
Market Segmentation
  • Type
    • Forklifts
    • Personnel and Burden Carriers
    • Tow Tractors
    • Container Handlers
    • Automated Guided Vehicles
    • Aerial Work Platforms
    • Others
  • Load Capacity
    • <5 ton
    • 5-10 ton
    • 11-36 ton
    • >36 ton
  • Application
    • Manufacturing
      • Chemical
      • Food & Beverages
      • Mining
      • Automotive
      • Metals & Heavy Machinery
      • Others
    • Warehousing
    • Freight & Logistics
    • Others
  • Propulsion
    • Gasoline
    • Diesel
    • Electric
  • Distribution Channel
    • Direct Sales
    • Indirect Sales
Regions Covered
  • North America
  • Central and South America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Companies Profiled
  • Anhui Heli Co., Ltd.
  • Clark Material Handling Company
  • Crown Equipment Corporation
  • Doosan Industrial Vehicle
  • EP Equipment Co., Ltd.
  • Hangcha Group Co., Ltd.
  • Hyster-Yale Materials Handling, Inc.
  • J C Bamford Excavators Ltd.
  • Jungheinrich AG
  • KION Group AG
  • Komatsu Ltd.
  • Konecrane
  • Manitou Group
  • Mitsubishi Logisnext Co., Ltd.
  • Toyota Industries Corporation
  • Other Key Players
Customization Scope Available upon Request
Pricing Available upon Request

Frequently Asked Questions

How big was the global industrial vehicles market in 2023?

It was valued at US$ 77.0 Bn in 2023

How the industrial vehicles industry expected to grow by 2034?

It is expected to grow at a CAGR of 6.0% from 2024 to 2034

How much worth will the industrial vehicles business be in 2034?

It is projected to be worth US$ 146.8 Bn in 2034

What is the share of forklifts in the industrial vehicles sector?

Based on type, the forklifts segment has the highest share

Which region is more lucrative in the industrial vehicles landscape?

Asia Pacific is the most lucrative region

Who are the prominent industrial vehicles players?

Anhui Heli Co., Ltd., Clark Material Handling Company, Crown Equipment Corporation, Doosan Industrial Vehicle, EP Equipment Co., Ltd., Hangcha Group Co., Ltd., Hyster-Yale Materials Handling, Inc., J C Bamford Excavators Ltd., Jungheinrich AG, KION Group AG, Komatsu Ltd., Konecrane, Manitou Group, Mitsubishi Logisnext Co., Ltd., and Toyota Industries Corporation

1. Executive Summary: Global Industrial Vehicles Market

    1.1. Global Market Outlook

        1.1.1. Market Size, Volume (Thousand Units) and Value (US$ Mn), 2020-2034

    1.2. Key Facts and Figures

    1.3. Go to Market Strategy

        1.3.1. Demand & Supply Side Trends

        1.3.2. Identification of Potential Market Spaces

        1.3.3. Preferred Sales & Marketing Strategy

        1.3.4. Growth Opportunity Analysis

    1.4. TMR Analysis and Recommendations

2. Market Overview

    2.1. Market Segmentation/ Taxonomy

    2.2. Market Definitions

    2.3. Key Trend Analysis

    2.4. Market Dynamics (Growth Influencers)

        2.4.1. Drivers

        2.4.2. Restraints

        2.4.3. Opportunities

    2.5. Porter’s Five Forces Analysis

    2.6. Industry SWOT Analysis

    2.7. Regulatory Framework

    2.8. Ecosystem/Value Chain Analysis

    2.9. Technology/ Product Roadmap

    2.10. Global Industrial Vehicles Market Size, Analysis, and Forecasts, 2020-2034

    2.11. Pricing Model Analysis/ Price Trend Analysis

        2.11.1. Cost Structure Analysis, by Manufacturer

    2.12. Market Opportunity Assessment - by Region

        2.12.1. By Type

        2.12.2. By Load Capacity

        2.12.3. By Application

        2.12.4. By Propulsion

        2.12.5. By Distribution Channel

        2.12.6. By Region

    2.13. Impact Factors

    2.14. Import Export Data/ Analysis

3. Global Industrial Vehicles Market Analysis, by Type

    3.1. Overview and Definitions

    3.2. Key Segment Analysis

    3.3. Industrial Vehicles Market Size, Analysis, and Forecasts, by Type, 2020-2034

        3.3.1. Forklifts

        3.3.2. Personnel and Burden Carriers

        3.3.3. Tow Tractors

        3.3.4. Container Handlers

        3.3.5. Automated Guided Vehicles

        3.3.6. Aerial Work Platforms

        3.3.7. Others

4. Global Industrial Vehicles Market Analysis, by Load Capacity

    4.1. Key Segment Analysis

    4.2. Industrial Vehicles Market Size, Analysis, and Forecasts, by Load Capacity, 2020-2034

        4.2.1. <5 ton

        4.2.2. 5-10 ton

        4.2.3. 11-36 ton

        4.2.4. >36 ton

5. Global Industrial Vehicles Market Analysis, by Application

    5.1. Key Segment Analysis

    5.2. Industrial Vehicles Market Size, Analysis, and Forecasts, by Application, 2020-2034

        5.2.1. Manufacturing

            5.2.1.1. Chemical

            5.2.1.2. Food & Beverages

            5.2.1.3. Mining

            5.2.1.4. Automotive

            5.2.1.5. Metals & Heavy Machinery

            5.2.1.6. Others

        5.2.2. Warehousing

        5.2.3. Freight & Logistics

        5.2.4. Others

6. Global Industrial Vehicles Market Analysis, by Propulsion

    6.1. Key Segment Analysis

    6.2. Industrial Vehicles Market Size, Analysis, and Forecasts, by Propulsion, 2020-2034

        6.2.1. Gasoline

        6.2.2. Diesel

        6.2.3. Electric

7. Global Industrial Vehicles Market Analysis, by Distribution Channel

    7.1. Key Segment Analysis

    7.2. Industrial Vehicles Market Size, Analysis, and Forecasts, by Distribution Channel, 2020-2034

        7.2.1. Direct Sales

        7.2.2. Indirect Sales

8. Global Industrial Vehicles Market Analysis and Forecasts, by Region

    8.1. Key Findings

    8.2. Industrial Vehicles Market Size, Analysis, and Forecasts, by Region, 2020-2034

        8.2.1. North America

        8.2.2. Central and South America

        8.2.3. Europe

        8.2.4. Asia Pacific

        8.2.5. Middle East & Africa

9. North America Industrial Vehicles Market Analysis and Forecast

    9.1. Regional Outlook

    9.2. Industrial Vehicles Market Size, Analysis, and Forecasts, 2020-2034

        9.2.1. By Type

        9.2.2. By Load Capacity

        9.2.3. By Application

        9.2.4. By Propulsion

        9.2.5. By Distribution Channel

        9.2.6. By Country

            9.2.6.1. USA

            9.2.6.2. Canada

            9.2.6.3. Mexico

10. Central and South America Industrial Vehicles Market Analysis and Forecast

    10.1. Regional Outlook

    10.2. Industrial Vehicles Market Size, Analysis, and Forecasts, 2020-2034

        10.2.1. By Type

        10.2.2. By Load Capacity

        10.2.3. By Application

        10.2.4. By Propulsion

        10.2.5. By Distribution Channel

        10.2.6. By Country

            10.2.6.1. Brazil

            10.2.6.2. Argentina

            10.2.6.3. Chile

            10.2.6.4. Colombia

            10.2.6.5. Peru

            10.2.6.6. Central America

            10.2.6.7. Rest of Central and South America

11. Europe Industrial Vehicles Market Analysis and Forecast

    11.1. Regional Outlook

    11.2. Industrial Vehicles Market Size, Analysis, and Forecasts, 2020-2034

        11.2.1. By Type

        11.2.2. By Load Capacity

        11.2.3. By Application

        11.2.4. By Propulsion

        11.2.5. By Distribution Channel

        11.2.6. By Country

            11.2.6.1. Germany

            11.2.6.2. UK

            11.2.6.3. France

            11.2.6.4. Italy

            11.2.6.5. Spain

            11.2.6.6. Russia & CIS

            11.2.6.7. Poland

            11.2.6.8. Netherlands

            11.2.6.9. Nordic Countries

            11.2.6.10. Rest of Europe

12. Asia Pacific Industrial Vehicles Market Analysis and Forecast

    12.1. Regional Outlook

    12.2. Industrial Vehicles Market Size, Analysis, and Forecasts, 2020-2034

        12.2.1. By Type

        12.2.2. By Load Capacity

        12.2.3. By Application

        12.2.4. By Propulsion

        12.2.5. By Distribution Channel

        12.2.6. By Country

            12.2.6.1. China

            12.2.6.2. India

            12.2.6.3. Japan

            12.2.6.4. Indonesia

            12.2.6.5. Malaysia

            12.2.6.6. Thailand

            12.2.6.7. Vietnam

            12.2.6.8. South Korea

            12.2.6.9. ANZ

            12.2.6.10. Rest of Asia Pacific

13. Middle East & Africa Industrial Vehicles Market Analysis and Forecast

    13.1. Regional Outlook

    13.2. Industrial Vehicles Market Size, Analysis, and Forecasts, 2020-2034

        13.2.1. By Type

        13.2.2. By Load Capacity

        13.2.3. By Application

        13.2.4. By Propulsion

        13.2.5. By Distribution Channel

        13.2.6. By Country

            13.2.6.1. Turkey

            13.2.6.2. Saudi Arabia

            13.2.6.3. UAE

            13.2.6.4. Israel

            13.2.6.5. Kuwait

            13.2.6.6. Egypt

            13.2.6.7. Morocco

            13.2.6.8. South Africa

            13.2.6.9. Nigeria

            13.2.6.10. Rest of Middle East & Africa

14. Competitive Landscape

    14.1. List of key players

    14.2. Company Profile/ Analysis

    14.3. Revenue Share Analysis

    14.4. Technology Comparison Analysis

    14.5. Product Capacity, by Key Players

    14.6. Product/ Service/ Application Category for Key Players

    14.7. Competitive Dashboard Analysis

15. Company Profiles

    15.1. Anhui Heli Co., Ltd.

        15.1.1. Company Overview

        15.1.2. Company Footprints

        15.1.3. Product Portfolio

        15.1.4. Competitors & Customers

        15.1.5. Subsidiaries & Parent Organization

        15.1.6. Recent Developments

        15.1.7. Financial Analysis

    15.2. Clark Material Handling Company

        15.2.1. Company Overview

        15.2.2. Company Footprints

        15.2.3. Product Portfolio

        15.2.4. Competitors & Customers

        15.2.5. Subsidiaries & Parent Organization

        15.2.6. Recent Developments

        15.2.7. Financial Analysis

    15.3. Crown Equipment Corporation

        15.3.1. Company Overview

        15.3.2. Company Footprints

        15.3.3. Product Portfolio

        15.3.4. Competitors & Customers

        15.3.5. Subsidiaries & Parent Organization

        15.3.6. Recent Developments

        15.3.7. Financial Analysis

    15.4. Doosan Industrial Vehicle

        15.4.1. Company Overview

        15.4.2. Company Footprints

        15.4.3. Product Portfolio

        15.4.4. Competitors & Customers

        15.4.5. Subsidiaries & Parent Organization

        15.4.6. Recent Developments

        15.4.7. Financial Analysis

    15.5. EP Equipment Co., Ltd.

        15.5.1. Company Overview

        15.5.2. Company Footprints

        15.5.3. Product Portfolio

        15.5.4. Competitors & Customers

        15.5.5. Subsidiaries & Parent Organization

        15.5.6. Recent Developments

        15.5.7. Financial Analysis

    15.6. Hangcha Group Co., Ltd.

        15.6.1. Company Overview

        15.6.2. Company Footprints

        15.6.3. Product Portfolio

        15.6.4. Competitors & Customers

        15.6.5. Subsidiaries & Parent Organization

        15.6.6. Recent Developments

        15.6.7. Financial Analysis

    15.7. Hyster-Yale Materials Handling, Inc.

        15.7.1. Company Overview

        15.7.2. Company Footprints

        15.7.3. Product Portfolio

        15.7.4. Competitors & Customers

        15.7.5. Subsidiaries & Parent Organization

        15.7.6. Recent Developments

        15.7.7. Financial Analysis

    15.8. J C Bamford Excavators Ltd.

        15.8.1. Company Overview

        15.8.2. Company Footprints

        15.8.3. Product Portfolio

        15.8.4. Competitors & Customers

        15.8.5. Subsidiaries & Parent Organization

        15.8.6. Recent Developments

        15.8.7. Financial Analysis

    15.9. Jungheinrich AG

        15.9.1. Company Overview

        15.9.2. Company Footprints

        15.9.3. Product Portfolio

        15.9.4. Competitors & Customers

        15.9.5. Subsidiaries & Parent Organization

        15.9.6. Recent Developments

        15.9.7. Financial Analysis

    15.10. KION Group AG

        15.10.1. Company Overview

        15.10.2. Company Footprints

        15.10.3. Product Portfolio

        15.10.4. Competitors & Customers

        15.10.5. Subsidiaries & Parent Organization

        15.10.6. Recent Developments

        15.10.7. Financial Analysis

    15.11. Komatsu Ltd.

        15.11.1. Company Overview

        15.11.2. Company Footprints

        15.11.3. Product Portfolio

        15.11.4. Competitors & Customers

        15.11.5. Subsidiaries & Parent Organization

        15.11.6. Recent Developments

        15.11.7. Financial Analysis

    15.12. Konecrane

        15.12.1. Company Overview

        15.12.2. Company Footprints

        15.12.3. Product Portfolio

        15.12.4. Competitors & Customers

        15.12.5. Subsidiaries & Parent Organization

        15.12.6. Recent Developments

        15.12.7. Financial Analysis

    15.13. Manitou Group

        15.13.1. Company Overview

        15.13.2. Company Footprints

        15.13.3. Product Portfolio

        15.13.4. Competitors & Customers

        15.13.5. Subsidiaries & Parent Organization

        15.13.6. Recent Developments

        15.13.7. Financial Analysis

    15.14. Mitsubishi Logisnext Co., Ltd.

        15.14.1. Company Overview

        15.14.2. Company Footprints

        15.14.3. Product Portfolio

        15.14.4. Competitors & Customers

        15.14.5. Subsidiaries & Parent Organization

        15.14.6. Recent Developments

        15.14.7. Financial Analysis

    15.15. Toyota Industries Corporation

        15.15.1. Company Overview

        15.15.2. Company Footprints

        15.15.3. Product Portfolio

        15.15.4. Competitors & Customers

        15.15.5. Subsidiaries & Parent Organization

        15.15.6. Recent Developments

        15.15.7. Financial Analysis

    15.16. Other Key Players

        15.16.1. Company Overview

        15.16.2. Company Footprints

        15.16.3. Product Portfolio

        15.16.4. Competitors & Customers

        15.16.5. Subsidiaries & Parent Organization

        15.16.6. Recent Developments

        15.16.7. Financial Analysis

16. Key Takeaways

List of Tables

Table 01: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Table 02: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Table 03: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Table 04: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Table 05: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Table 06: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Table 07: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Table 08: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Table 09: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Table 10: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Table 11: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Region 2020-2034

Table 12: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Region 2020-2034

Table 13: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Table 14: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Table 15: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Table 16: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Table 17: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Table 18: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Table 19: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Table 20: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Table 21: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Table 22: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Table 23: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Table 24: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Table 25: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Table 26: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Table 27: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Table 28: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Table 29: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Table 30: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Table 31: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Table 32: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Table 33: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Table 34: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Table 35: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Table 36: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Table 37: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Table 38: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Table 39: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Table 40: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Table 41: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Table 42: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Table 43: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Table 44: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Table 45: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Table 46: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Table 47: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Table 48: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Table 49: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Table 50: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Table 51: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Table 52: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Table 53: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Table 54: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Table 55: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Table 56: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Table 57: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Table 58: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Table 59: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Table 60: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Table 61: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Table 62: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Table 63: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Table 64: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Table 65: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Table 66: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Table 67: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Table 68: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Table 69: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Table 70: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Table 71: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Table 72: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

List of Figures

Figure 01: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Figure 02: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Figure 03: Global Industrial Vehicles Market, Incremental Opportunity, by Type, Value (US$ Mn), 2024-2034

Figure 04: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Figure 05: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Figure 06: Global Industrial Vehicles Market, Incremental Opportunity, by Load Capacity, Value (US$ Mn), 2024-2034

Figure 07: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Figure 08: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Figure 09: Global Industrial Vehicles Market, Incremental Opportunity, by Application, Value (US$ Mn), 2024-2034

Figure 10: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Figure 11: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Figure 12: Global Industrial Vehicles Market, Incremental Opportunity, by Propulsion, Volume (Thousand Units), 2024-2034

Figure 13: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Figure 14: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Figure 15: Global Industrial Vehicles Market, Incremental Opportunity, by Distribution Channel, Value (US$ Mn), 2024-2034

Figure 16: Global Industrial Vehicles Market Volume (Thousand Units) Forecast, by Region 2020-2034

Figure 17: Global Industrial Vehicles Market Value (US$ Mn) Forecast, by Region 2020-2034

Figure 18: Global Industrial Vehicles Market, Incremental Opportunity, by Region, Value (US$ Mn), 2024-2034

Figure 19: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Figure 20: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Figure 21: North America Industrial Vehicles Market, Incremental Opportunity, by Type, Value (US$ Mn), 2024-2034

Figure 22: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Figure 23: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Figure 24: North America Industrial Vehicles Market, Incremental Opportunity, by Load Capacity, Value (US$ Mn), 2024-2034

Figure 25: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Figure 26: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Figure 27: North America Industrial Vehicles Market, Incremental Opportunity, by Application, Value (US$ Mn), 2024-2034

Figure 28: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Figure 29: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Figure 30: North America Industrial Vehicles Market, Incremental Opportunity, by Propulsion, Volume (Thousand Units), 2024-2034

Figure 31: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Figure 32: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Figure 33: North America Industrial Vehicles Market, Incremental Opportunity, by Distribution Channel, Value (US$ Mn), 2024-2034

Figure 34: North America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Figure 35: North America Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Figure 36: North America Industrial Vehicles Market, Incremental Opportunity, by Country, Value (US$ Mn), 2024-2034

Figure 37: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Figure 38: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Figure 39: Central and South America Industrial Vehicles Market, Incremental Opportunity, by Type, Value (US$ Mn), 2024-2034

Figure 40: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Figure 41: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Figure 42: Central and South America Industrial Vehicles Market, Incremental Opportunity, by Load Capacity, Value (US$ Mn), 2024-2034

Figure 43: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Figure 44: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Figure 45: Central and South America Industrial Vehicles Market, Incremental Opportunity, by Application, Value (US$ Mn), 2024-2034

Figure 46: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Figure 47: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Figure 48: Central and South America Industrial Vehicles Market, Incremental Opportunity, by Propulsion, Volume (Thousand Units), 2024-2034

Figure 49: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Figure 50: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Figure 51: Central and South America Industrial Vehicles Market, Incremental Opportunity, by Distribution Channel, Value (US$ Mn), 2024-2034

Figure 52: Central and South America Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Figure 53: Central and South America Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Figure 54: Central and South America Industrial Vehicles Market, Incremental Opportunity, by Country, Value (US$ Mn), 2024-2034

Figure 55: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Figure 56: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Figure 57: Europe Industrial Vehicles Market, Incremental Opportunity, by Type, Value (US$ Mn), 2024-2034

Figure 58: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Figure 59: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Figure 60: Europe Industrial Vehicles Market, Incremental Opportunity, by Load Capacity, Value (US$ Mn), 2024-2034

Figure 61: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Figure 62: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Figure 63: Europe Industrial Vehicles Market, Incremental Opportunity, by Application, Value (US$ Mn), 2024-2034

Figure 64: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Figure 65: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Figure 66: Europe Industrial Vehicles Market, Incremental Opportunity, by Propulsion, Volume (Thousand Units), 2024-2034

Figure 67: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Figure 68: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Figure 69: Europe Industrial Vehicles Market, Incremental Opportunity, by Distribution Channel, Value (US$ Mn), 2024-2034

Figure 70: Europe Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Figure 71: Europe Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Figure 72: Europe Industrial Vehicles Market, Incremental Opportunity, by Country, Value (US$ Mn), 2024-2034

Figure 73: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Figure 74: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Figure 75: Asia Pacific Industrial Vehicles Market, Incremental Opportunity, by Type, Value (US$ Mn), 2024-2034

Figure 76: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Figure 77: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Figure 78: Asia Pacific Industrial Vehicles Market, Incremental Opportunity, by Load Capacity, Value (US$ Mn), 2024-2034

Figure 79: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Figure 80: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Figure 81: Asia Pacific Industrial Vehicles Market, Incremental Opportunity, by Application, Value (US$ Mn), 2024-2034

Figure 82: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Figure 83: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Figure 84: Asia Pacific Industrial Vehicles Market, Incremental Opportunity, by Propulsion, Volume (Thousand Units), 2024-2034

Figure 85: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Figure 86: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Figure 87: Asia Pacific Industrial Vehicles Market, Incremental Opportunity, by Distribution Channel, Value (US$ Mn), 2024-2034

Figure 88: Asia Pacific Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Figure 89: Asia Pacific Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Figure 90: Asia Pacific Industrial Vehicles Market, Incremental Opportunity, by Country, Value (US$ Mn), 2024-2034

Figure 91: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Type, 2020-2034

Figure 92: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Type, 2020-2034

Figure 93: Middle East & Africa Industrial Vehicles Market, Incremental Opportunity, by Type, Value (US$ Mn), 2024-2034

Figure 94: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Load Capacity, 2020-2034

Figure 95: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Load Capacity, 2020-2034

Figure 96: Middle East & Africa Industrial Vehicles Market, Incremental Opportunity, by Load Capacity, Value (US$ Mn), 2024-2034

Figure 97: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Application, 2020-2034

Figure 98: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Application, 2020-2034

Figure 99: Middle East & Africa Industrial Vehicles Market, Incremental Opportunity, by Application, Value (US$ Mn), 2024-2034

Figure 100: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Propulsion, 2020-2034

Figure 101: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Propulsion, 2020-2034

Figure 102: Middle East & Africa Industrial Vehicles Market, Incremental Opportunity, by Propulsion, Volume (Thousand Units), 2024-2034

Figure 103: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Distribution Channel, 2020-2034

Figure 104: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Distribution Channel, 2020-2034

Figure 105: Middle East & Africa Industrial Vehicles Market, Incremental Opportunity, by Distribution Channel, Value (US$ Mn), 2024-2034

Figure 106: Middle East & Africa Industrial Vehicles Market Volume (Thousand Units) Forecast, by Country 2020-2034

Figure 107: Middle East & Africa Industrial Vehicles Market Value (US$ Mn) Forecast, by Country 2020-2034

Figure 108: Middle East & Africa Industrial Vehicles Market, Incremental Opportunity, by Country, Value (US$ Mn), 2024-2034

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