Home > Automotive > Mobility > Electric Vehicles > Industrial Electric Vehicle Market

Industrial Electric Vehicle Market Share

  • Report ID: GMI7738
  • Published Date: Dec 2023
  • Report Format: PDF
 Download Free Sample

Industrial Electric Vehicle Market Share

Toyota Material Handling and Mitsubishi Logisnext Co., Ltd. dominate the industrial electric vehicle industry. Major companies operating the market are employing various strategies to stay competitive in the market. One key focus is technological innovation, with companies investing in research and development to enhance the performance, efficiency, and features of their electric vehicles. This includes advancements in battery technology, telematics, and automation to meet the evolving needs of industrial applications.
 

Moreover, strategic collaborations with energy companies and infrastructure providers are helping industrial electric vehicle manufacturers address charging infrastructure challenges. By participating in public-private partnerships and engaging with government initiatives, these companies aim to accelerate the development of a robust charging network.
 

Industrial Electric Vehicle Market Companies

Major players operating in the industrial electric vehicle industry are:

  • Toyota Material Handling
  • Mitsubishi Logisnext Co., Ltd
  • Jungheinrich AG
  • Hyster-Yale Materials Handling, Inc
  • Hangcha Forklift 
  • Hyundai Construction Equipment
  • Sany Electric
  • KION Group
  • Crown Equipment Corporation
  • Doosan Industrial Vehicle
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for industrial electric vehicle was valued at USD 23.2 billion in 2023 and is estimated to register over 12% CAGR between 2024 and 2032 due to increasing environmental awareness and a surge in business service centers for industrial vehicles.

The forklift segment accounted for over 35% of the market share in 2023 and is anticipated to experience substantial growth over the forecast period attributed to the evolving landscape of manufacturing and logistics.

Asia Pacific industrial electric vehicle industry share was over 40% in 2023 and is slated to register significant growth over the forecast period as governments prioritize environmental initiatives and industries increasingly adopt eco-friendly practices.

Toyota Material Handling, Mitsubishi Logisnext Co., Ltd., Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Hangcha Forklift, Hyundai Construction Equipment, Sany Electric, KION Group, Crown Equipment Corporation, and Doosan Industrial Vehicle.

Industrial Electric Vehicle Market Scope

  • Industrial Electric Vehicle Market Size
  • Industrial Electric Vehicle Market Trends
  • Industrial Electric Vehicle Market Analysis
  • Industrial Electric Vehicle Market Share

    • Buy Now

    Premium Report Details

    • Base Year: 2023
    • Companies covered: 20
    • Tables & Figures: 275
    • Countries covered: 21
    • Pages: 200
     Download Free Sample
    ×
    Get a free sample of Industrial Electric Vehicle Market
    Inquiry Before Buying
    Get special pricing options on this report
    Request Sectional Data
    Over 70% of our clients customize reports to fit their needs. Please tell us how you would like to customize yours below

    Your personal details will remain secure and confidential.