Home > Industrial Machinery > Material Handling Equipment > Industrial Trucks Market

Industrial Trucks Market Share

Report ID: GMI9370
Published Date: May 2024
Report Format: PDF

Download Free Sample

Industrial Trucks Market Share

Toyota Industries Corporation and Jungheinrich hold a significant market share in the industrial trucks business. Toyota invests heavily in research and development to innovate and develop new technologies for its industrial trucks. This includes advancements in automation, electrification, connectivity, and safety features to meet the evolving needs of customers and stay ahead of competitors

Jungheinrich provides comprehensive intralogistics solutions beyond just industrial trucks, including warehouse management systems, automation technologies, and consulting services. By offering integrated solutions for material flow optimization, Jungheinrich adds value to its customers' operations and differentiate itself in the market.

Industrial Trucks Market Companies

Major players operating in the industrial trucks industry are:

Anhui Heli Co., Ltd.
BYD Company Limited
Crown Equipment Corporation
Doosan Corporation Industrial Vehicle
Hyster-Yale Materials Handling, Inc.
Hyundai Heavy Industries Co., Ltd.
Jungheinrich AG
KION Group AG
Komatsu Ltd.
Mitsubishi Logisnext Co., Ltd.
Toyota Industries Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of industrial trucks was reached USD 27.1 billion in 2023 and will register over 5.5% CAGR between 2024 and 2032, driven by the rise of e-commerce across the world.

The ICE propulsion segment accounted for over 60% share of the industrial trucks market in 2023 and is expected to exceed USD 26 billion by 2032, as ICE trucks are far less expensive to acquire than electric trucks.

Asia Pacific industrial trucks market held 40% revenue share in 2023 and will grow rapidly up to 2032, owing to fast industrialization.

Anhui Heli Co., Ltd., BYD Company Limited, Crown Equipment Corporation, Doosan Corporation Industrial Vehicle, Hyster-Yale Materials Handling, Inc., Hyundai Heavy Industries Co., Ltd, Jungheinrich AG, KION Group AG, and Komatsu Ltd among others.