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Industrial Vehicle-Global Market Insights and Sales Trends 2024
Synopsis
Industrial Vehicles were fairly small trucks used for hauling, stacking and unstacking, and moving pallet loads.
They were usually used in warehouses and other places where such work is needed.
The global Industrial Vehicle market size is expected to reach US$ 30680 million by 2029, growing at a CAGR of 1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Industrial Vehicle in various end use industries. The expanding demands from the Warehouses, Factories, Distribution Centers and Others, are propelling Industrial Vehicle market. Forklifts, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Tow Tractors segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Industrial Vehicle, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Industrial Vehicle market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Industrial Vehicle market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Industrial Vehicle sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Industrial Vehicle covered in this report include Toyota Industries, Kion Group, Hyster-Yale Materials Handling, Mitsubishi Nichiyu Forklift, Jungheinrich, Crown Equipment Corporation, Hangcha Group, Konecranes and Clark Material Handling Company, etc.
The global Industrial Vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toyota Industries
Kion Group
Hyster-Yale Materials Handling
Mitsubishi Nichiyu Forklift
Jungheinrich
Crown Equipment Corporation
Hangcha Group
Konecranes
Clark Material Handling Company
Anhui Heli
Global Industrial Vehicle market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Industrial Vehicle market, Segment by Type:
Forklifts
Tow Tractors
Aisle Trucks
Container Handlers
Global Industrial Vehicle market, by Application
Warehouses
Factories
Distribution Centers
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Industrial Vehicle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Industrial Vehicle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Industrial Vehicles were fairly small trucks used for hauling, stacking and unstacking, and moving pallet loads.
They were usually used in warehouses and other places where such work is needed.
The global Industrial Vehicle market size is expected to reach US$ 30680 million by 2029, growing at a CAGR of 1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Industrial Vehicle in various end use industries. The expanding demands from the Warehouses, Factories, Distribution Centers and Others, are propelling Industrial Vehicle market. Forklifts, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Tow Tractors segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Industrial Vehicle, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Industrial Vehicle market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Industrial Vehicle market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Industrial Vehicle sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Industrial Vehicle covered in this report include Toyota Industries, Kion Group, Hyster-Yale Materials Handling, Mitsubishi Nichiyu Forklift, Jungheinrich, Crown Equipment Corporation, Hangcha Group, Konecranes and Clark Material Handling Company, etc.
The global Industrial Vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toyota Industries
Kion Group
Hyster-Yale Materials Handling
Mitsubishi Nichiyu Forklift
Jungheinrich
Crown Equipment Corporation
Hangcha Group
Konecranes
Clark Material Handling Company
Anhui Heli
Global Industrial Vehicle market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Industrial Vehicle market, Segment by Type:
Forklifts
Tow Tractors
Aisle Trucks
Container Handlers
Global Industrial Vehicle market, by Application
Warehouses
Factories
Distribution Centers
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Industrial Vehicle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Industrial Vehicle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Industrial Vehicle Market Overview
1.1 Industrial Vehicle Product Overview
1.2 Industrial Vehicle Market Segment by Type
1.2.1 Forklifts
1.2.2 Tow Tractors
1.2.3 Aisle Trucks
1.2.4 Container Handlers
1.3 Global Industrial Vehicle Market Size by Type
1.3.1 Global Industrial Vehicle Market Size Overview by Type (2018-2029)
1.3.2 Global Industrial Vehicle Historic Market Size Review by Type (2018-2023)
1.3.3 Global Industrial Vehicle Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Industrial Vehicle Sales Breakdown by Type (2018-2023)
1.4.2 Europe Industrial Vehicle Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Industrial Vehicle Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Industrial Vehicle Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Industrial Vehicle Sales Breakdown by Type (2018-2023)
2 Global Industrial Vehicle Market Competition by Company
2.1 Global Top Players by Industrial Vehicle Sales (2018-2023)
2.2 Global Top Players by Industrial Vehicle Revenue (2018-2023)
2.3 Global Top Players by Industrial Vehicle Price (2018-2023)
2.4 Global Top Manufacturers Industrial Vehicle Manufacturing Base Distribution, Sales Area, Product Type
2.5 Industrial Vehicle Market Competitive Situation and Trends
2.5.1 Industrial Vehicle Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Industrial Vehicle Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Industrial Vehicle as of 2022)
2.7 Date of Key Manufacturers Enter into Industrial Vehicle Market
2.8 Key Manufacturers Industrial Vehicle Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Industrial Vehicle Status and Outlook by Region
3.1 Global Industrial Vehicle Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Industrial Vehicle Historic Market Size by Region
3.2.1 Global Industrial Vehicle Sales in Volume by Region (2018-2023)
3.2.2 Global Industrial Vehicle Sales in Value by Region (2018-2023)
3.2.3 Global Industrial Vehicle Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Industrial Vehicle Forecasted Market Size by Region
3.3.1 Global Industrial Vehicle Sales in Volume by Region (2024-2029)
3.3.2 Global Industrial Vehicle Sales in Value by Region (2024-2029)
3.3.3 Global Industrial Vehicle Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Industrial Vehicle by Application
4.1 Industrial Vehicle Market Segment by Application
4.1.1 Warehouses
4.1.2 Factories
4.1.3 Distribution Centers
4.1.4 Others
4.2 Global Industrial Vehicle Market Size by Application
4.2.1 Global Industrial Vehicle Market Size Overview by Application (2018-2029)
4.2.2 Global Industrial Vehicle Historic Market Size Review by Application (2018-2023)
4.2.3 Global Industrial Vehicle Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Industrial Vehicle Sales Breakdown by Application (2018-2023)
4.3.2 Europe Industrial Vehicle Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Industrial Vehicle Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Industrial Vehicle Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Industrial Vehicle Sales Breakdown by Application (2018-2023)
5 North America Industrial Vehicle by Country
5.1 North America Industrial Vehicle Historic Market Size by Country
5.1.1 North America Industrial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Industrial Vehicle Sales in Volume by Country (2018-2023)
5.1.3 North America Industrial Vehicle Sales in Value by Country (2018-2023)
5.2 North America Industrial Vehicle Forecasted Market Size by Country
5.2.1 North America Industrial Vehicle Sales in Volume by Country (2024-2029)
5.2.2 North America Industrial Vehicle Sales in Value by Country (2024-2029)
6 Europe Industrial Vehicle by Country
6.1 Europe Industrial Vehicle Historic Market Size by Country
6.1.1 Europe Industrial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Industrial Vehicle Sales in Volume by Country (2018-2023)
6.1.3 Europe Industrial Vehicle Sales in Value by Country (2018-2023)
6.2 Europe Industrial Vehicle Forecasted Market Size by Country
6.2.1 Europe Industrial Vehicle Sales in Volume by Country (2024-2029)
6.2.2 Europe Industrial Vehicle Sales in Value by Country (2024-2029)
7 Asia-Pacific Industrial Vehicle by Region
7.1 Asia-Pacific Industrial Vehicle Historic Market Size by Region
7.1.1 Asia-Pacific Industrial Vehicle Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Industrial Vehicle Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Industrial Vehicle Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Industrial Vehicle Forecasted Market Size by Region
7.2.1 Asia-Pacific Industrial Vehicle Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Industrial Vehicle Sales in Value by Region (2024-2029)
8 Latin America Industrial Vehicle by Country
8.1 Latin America Industrial Vehicle Historic Market Size by Country
8.1.1 Latin America Industrial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Industrial Vehicle Sales in Volume by Country (2018-2023)
8.1.3 Latin America Industrial Vehicle Sales in Value by Country (2018-2023)
8.2 Latin America Industrial Vehicle Forecasted Market Size by Country
8.2.1 Latin America Industrial Vehicle Sales in Volume by Country (2024-2029)
8.2.2 Latin America Industrial Vehicle Sales in Value by Country (2024-2029)
9 Middle East and Africa Industrial Vehicle by Country
9.1 Middle East and Africa Industrial Vehicle Historic Market Size by Country
9.1.1 Middle East and Africa Industrial Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Industrial Vehicle Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Industrial Vehicle Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Industrial Vehicle Forecasted Market Size by Country
9.2.1 Middle East and Africa Industrial Vehicle Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Industrial Vehicle Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Toyota Industries
10.1.1 Toyota Industries Company Information
10.1.2 Toyota Industries Introduction and Business Overview
10.1.3 Toyota Industries Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Toyota Industries Industrial Vehicle Products Offered
10.1.5 Toyota Industries Recent Development
10.2 Kion Group
10.2.1 Kion Group Company Information
10.2.2 Kion Group Introduction and Business Overview
10.2.3 Kion Group Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Kion Group Industrial Vehicle Products Offered
10.2.5 Kion Group Recent Development
10.3 Hyster-Yale Materials Handling
10.3.1 Hyster-Yale Materials Handling Company Information
10.3.2 Hyster-Yale Materials Handling Introduction and Business Overview
10.3.3 Hyster-Yale Materials Handling Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Hyster-Yale Materials Handling Industrial Vehicle Products Offered
10.3.5 Hyster-Yale Materials Handling Recent Development
10.4 Mitsubishi Nichiyu Forklift
10.4.1 Mitsubishi Nichiyu Forklift Company Information
10.4.2 Mitsubishi Nichiyu Forklift Introduction and Business Overview
10.4.3 Mitsubishi Nichiyu Forklift Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Nichiyu Forklift Industrial Vehicle Products Offered
10.4.5 Mitsubishi Nichiyu Forklift Recent Development
10.5 Jungheinrich
10.5.1 Jungheinrich Company Information
10.5.2 Jungheinrich Introduction and Business Overview
10.5.3 Jungheinrich Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Jungheinrich Industrial Vehicle Products Offered
10.5.5 Jungheinrich Recent Development
10.6 Crown Equipment Corporation
10.6.1 Crown Equipment Corporation Company Information
10.6.2 Crown Equipment Corporation Introduction and Business Overview
10.6.3 Crown Equipment Corporation Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Crown Equipment Corporation Industrial Vehicle Products Offered
10.6.5 Crown Equipment Corporation Recent Development
10.7 Hangcha Group
10.7.1 Hangcha Group Company Information
10.7.2 Hangcha Group Introduction and Business Overview
10.7.3 Hangcha Group Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hangcha Group Industrial Vehicle Products Offered
10.7.5 Hangcha Group Recent Development
10.8 Konecranes
10.8.1 Konecranes Company Information
10.8.2 Konecranes Introduction and Business Overview
10.8.3 Konecranes Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Konecranes Industrial Vehicle Products Offered
10.8.5 Konecranes Recent Development
10.9 Clark Material Handling Company
10.9.1 Clark Material Handling Company Company Information
10.9.2 Clark Material Handling Company Introduction and Business Overview
10.9.3 Clark Material Handling Company Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Clark Material Handling Company Industrial Vehicle Products Offered
10.9.5 Clark Material Handling Company Recent Development
10.10 Anhui Heli
10.10.1 Anhui Heli Company Information
10.10.2 Anhui Heli Introduction and Business Overview
10.10.3 Anhui Heli Industrial Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Anhui Heli Industrial Vehicle Products Offered
10.10.5 Anhui Heli Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Industrial Vehicle Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Industrial Vehicle Industrial Chain Analysis
11.4 Industrial Vehicle Market Dynamics
11.4.1 Industrial Vehicle Industry Trends
11.4.2 Industrial Vehicle Market Drivers
11.4.3 Industrial Vehicle Market Challenges
11.4.4 Industrial Vehicle Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Industrial Vehicle Distributors
12.3 Industrial Vehicle Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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