The industrial truck market size has the potential to grow by 221.01 thousand units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (electric truck and non-electric) and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Anhui Heli Co. Ltd., Caterpillar Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Construction Equipment Co. Ltd., Jungheinrich AG, KION GROUP AG, Mitsubishi Heavy Industries Ltd., and Toyota Industries Corp.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Industrial Truck Market
Market Competitive Analysis
The market is fragmented. Anhui Heli Co. Ltd., Caterpillar Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Construction Equipment Co. Ltd., Jungheinrich AG, KION GROUP AG, Mitsubishi Heavy Industries Ltd., and Toyota Industries Corp. are some of the major market participants. Factors such as growth of e-commerce in several countries will offer immense growth opportunities. However, the implementation of stringent environmental laws and regulations may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this industrial truck market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this industrial truck market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Anhui Heli Co. Ltd.
- Caterpillar Inc.
- Crown Equipment Corp.
- Hangcha Group Co. Ltd.
- Hyster-Yale Materials Handling Inc.
- Hyundai Construction Equipment Co. Ltd.
- Jungheinrich AG
- KION GROUP AG
- Mitsubishi Heavy Industries Ltd.
- Toyota Industries Corp.
Industrial Truck Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The increasing demand from the food and beverage industry will significantly influence industrial truck market's growth in this region.
56% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for industrial truck in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the industrial truck market size.
Industrial Truck Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will industrial truck market growth during the next five years
- Precise estimation of the industrial truck market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial truck industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial truck market vendors
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Industrial Truck Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
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Market growth 2020-2024 |
221.01 th units |
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Market structure |
Fragmented |
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YoY growth (%) |
-5.15 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 56% |
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Key consumer countries |
China, US, Russian Federation, Germany, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Anhui Heli Co. Ltd., Caterpillar Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Jungheinrich AG, KION GROUP AG, Toyota Industries Corp., Hyundai Construction Equipment Co. Ltd.Mitsubishi Heavy Industries Ltd., and Hyster-Yale Materials Handling Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |