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Industrial Vehicle Market Share

Report ID: GMI5806
Published Date: May 2023
Report Format: PDF

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Industrial Vehicle Market Share

Major companies operating in the industrial vehicle market include

Anhui Heli Co., Ltd.
Cargotec Corporation
CLARK
Crown Equipment Corporation
Doosan Industrial Vehicle
Hangcha Forklift
Hyster-Yale Materials Handling, Inc.
Hyundai Construction Equipment Co., Ltd.
Jungheinrich AG
KION GROUP AG
Komatsu Ltd.
Konecranes
Linde Material Handling
Manitou.com
MITSUBISHI LOGISNEXT CO., LTD
Motrec International Inc.
Raymond Corporation
Sany Group
TOYOTA INDUSTRIES CORPORATION

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of industrial vehicle surpassed USD 45 billion in 2022 and is expected to grow at 5% CAGR during 2023 to 2032 due to the increasing technological innovations and higher adoption of automation technologies in manufacturing sector.

Industrial vehicle industry size from the BEV propulsion segment will observe 5% growth till 2032 owing to the rising carbon emissions in big cities and higher demand for electric vehicles.

Asia Pacific held more than 45% of the industrial vehicle industry share in 2022 on account of the strong urbanization and rapidly expanding automobile sector.

Anhui Heli Co., Ltd., Cargotec Corporation, CLARK, Crown Equipment Corporation, Doosan Industrial Vehicle, Hangcha Forklift, Hyster-Yale Materials Handling, Inc., Hyundai Construction Equipment Co., Ltd., Jungheinrich AG, KION GROUP AG, and Komatsu Ltd. are some major industrial vehicle firms.