The global industrial electric vehicle market size is calculated at USD 29.17 billion in 2025 and is forecasted to reach around USD 79.48 billion by 2034, accelerating at a CAGR of 11.81% from 2025 to 2034. The Asia Pacific industrial electric vehicle market size surpassed USD 11.96 billion in 2025 and is expanding at a CAGR of 11.94% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Industrial Electric Vehicle Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Industrial Electric Vehicle Market Revenue and Volume, by Vehicle
8.1.1 Tow Tractors
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. Forklifts
8.1.2.1. Market Revenue and Volume Forecast
8.1.3. Container Handlers
8.1.3.1. Market Revenue and Volume Forecast
8.1.4. Aisle Trucks
8.1.4.1. Market Revenue and Volume Forecast
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast
9.1. Industrial Electric Vehicle Market Revenue and Volume, by Propulsion
9.1.1. Hybrid Electric Vehicles (HEVs)
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Battery Electric Vehicle (BEVs)
9.1.2.1. Market Revenue and Volume Forecast
10.1. Industrial Electric Vehicle Market Revenue and Volume, by Application
10.1.1. Manufacturing
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. Warehouses
10.1.2.1. Market Revenue and Volume Forecast
10.1.3. Freight and Logistics
10.1.3.1. Market Revenue and Volume Forecast
10.1.4. Others
10.1.4.1. Market Revenue and Volume Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Vehicle
11.1.2. Market Revenue and Volume Forecast, by Propulsion
11.1.3. Market Revenue and Volume Forecast, by Application
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Vehicle
11.1.4.2. Market Revenue and Volume Forecast, by Propulsion
11.1.4.3. Market Revenue and Volume Forecast, by Application
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Vehicle
11.1.5.2. Market Revenue and Volume Forecast, by Propulsion
11.1.5.3. Market Revenue and Volume Forecast, by Application
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Vehicle
11.2.2. Market Revenue and Volume Forecast, by Propulsion
11.2.3. Market Revenue and Volume Forecast, by Application
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Vehicle
11.2.4.2. Market Revenue and Volume Forecast, by Propulsion
11.2.4.3. Market Revenue and Volume Forecast, by Application
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Vehicle
11.2.5.2. Market Revenue and Volume Forecast, by Propulsion
11.2.5.3. Market Revenue and Volume Forecast, by Application
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Vehicle
11.2.6.2. Market Revenue and Volume Forecast, by Propulsion
11.2.6.3. Market Revenue and Volume Forecast, by Application
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Vehicle
11.2.7.2. Market Revenue and Volume Forecast, by Propulsion
11.2.7.3. Market Revenue and Volume Forecast, by Application
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Vehicle
11.3.2. Market Revenue and Volume Forecast, by Propulsion
11.3.3. Market Revenue and Volume Forecast, by Application
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Vehicle
11.3.4.2. Market Revenue and Volume Forecast, by Propulsion
11.3.4.3. Market Revenue and Volume Forecast, by Application
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Vehicle
11.3.5.2. Market Revenue and Volume Forecast, by Propulsion
11.3.5.3. Market Revenue and Volume Forecast, by Application
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Vehicle
11.3.6.2. Market Revenue and Volume Forecast, by Propulsion
11.3.6.3. Market Revenue and Volume Forecast, by Application
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Vehicle
11.3.7.2. Market Revenue and Volume Forecast, by Propulsion
11.3.7.3. Market Revenue and Volume Forecast, by Application
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Vehicle
11.4.2. Market Revenue and Volume Forecast, by Propulsion
11.4.3. Market Revenue and Volume Forecast, by Application
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Vehicle
11.4.4.2. Market Revenue and Volume Forecast, by Propulsion
11.4.4.3. Market Revenue and Volume Forecast, by Application
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Vehicle
11.4.5.2. Market Revenue and Volume Forecast, by Propulsion
11.4.5.3. Market Revenue and Volume Forecast, by Application
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Vehicle
11.4.6.2. Market Revenue and Volume Forecast, by Propulsion
11.4.6.3. Market Revenue and Volume Forecast, by Application
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Vehicle
11.4.7.2. Market Revenue and Volume Forecast, by Propulsion
11.4.7.3. Market Revenue and Volume Forecast, by Application
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Vehicle
11.5.2. Market Revenue and Volume Forecast, by Propulsion
11.5.3. Market Revenue and Volume Forecast, by Application
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Vehicle
11.5.4.2. Market Revenue and Volume Forecast, by Propulsion
11.5.4.3. Market Revenue and Volume Forecast, by Application
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Vehicle
11.5.5.2. Market Revenue and Volume Forecast, by Propulsion
11.5.5.3. Market Revenue and Volume Forecast, by Application
12.1. Toyota Industries Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Hyster-Yale Materials Handling, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Balyo
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. John Bean Technologies Corporation (JBT)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Seegrid Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Kuka AG
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Jungheinrich AG
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Swisslog Holding AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Dematic
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Daifuku Co., Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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