The global industrial vehicle market size is calculated at USD 45.67 billion in 2025 and is forecasted to reach around USD 68.42 billion by 2034, accelerating at a CAGR of 4.60% from 2025 to 2034. The Asia Pacific industrial vehicle market size surpassed USD 21.01 billion in 2025 and is expanding at a CAGR of 4.71% 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 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 Vehicle Market Revenue and Volume, by Drive Type
8.1.1 ICE
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. Battery-Operated
8.1.2.1. Market Revenue and Volume Forecast
8.1.3. Gas-Powered
8.1.3.1. Market Revenue and Volume Forecast
9.1. Industrial Vehicle Market Revenue and Volume, by Level of Autonomy
9.1.1. Non/Semi-Autonomous
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Autonomous
9.1.2.1. Market Revenue and Volume Forecast
10.1. Industrial Vehicle Market Revenue and Volume, by Application
10.1.1. Manufacturing
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. Warehousing
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 Drive Type
11.1.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.1.4.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.1.5.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.1.5.3. Market Revenue and Volume Forecast, by Application
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Drive Type
11.2.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.2.3. Market Revenue and Volume Forecast, by Application
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Drive Type
11.2.4.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.2.5.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.2.6.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.2.7.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.2.7.3. Market Revenue and Volume Forecast, by Application
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Drive Type
11.3.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.3.3. Market Revenue and Volume Forecast, by Application
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Drive Type
11.3.4.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.3.5.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.3.6.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.3.7.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.3.7.3. Market Revenue and Volume Forecast, by Application
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Drive Type
11.4.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.4.3. Market Revenue and Volume Forecast, by Application
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Drive Type
11.4.4.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.4.5.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.4.6.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.4.7.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.4.7.3. Market Revenue and Volume Forecast, by Application
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Drive Type
11.5.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.5.3. Market Revenue and Volume Forecast, by Application
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Drive Type
11.5.4.2. Market Revenue and Volume Forecast, by Level of Autonomy
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 Drive Type
11.5.5.2. Market Revenue and Volume Forecast, by Level of Autonomy
11.5.5.3. Market Revenue and Volume Forecast, by Application
12.1. Anhui Heli Co. Ltd
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Crown Equipment Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Hangcha Forklift
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hyster-Yale Materials Handling
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Jungheinrich
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Konecranes
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Daifuku
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Ross Electric Vehicles
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. SSI SCHAEFER
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Taylor-Dunn
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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