Press release
Industrial Truck Market: Strong Growth Predicted with CAGR of 5.7% and Leading Market Key Players
Industrial Truck Market
What Is The Projected Market Size Of The Global Industrial Truck Market And Its Growth Rate?
- The industrial truck market has shown steady growth in recent years.
- The market's value was $25.57 billion in 2024 and projected to increase to $26.68 billion in 2025. This increase corresponds to a compound annual growth rate (CAGR) of 4.3%.
- The growth can be attributed to demand from diverse industries, industrialization and manufacturing growth, efficiency and productivity demands, safety and ergonomics, and global supply chain expansion.
- In the future, the industrial truck market is expected to continue its robust growth, with the projected value of $33.25 billion in 2029 at a CAGR of 5.7%.
- The key drivers for this growth in the forecast period include safety and ergonomics enhancements, global trade and logistics growth, the adoption of robotics and AI, efficiency and productivity improvements, and the expansion of manufacturing sectors.
What Is Driving The Growth In The Industrial Truck Market?
The rising e-commerce industry is a significant driver pushing forward the growth of the industrial truck market. E-commerce - the activity of buying and selling goods online - has a crucial demand for efficient transportation and warehousing. The growth of e-commerce, therefore, increases the demand for forklifts and their operators. For instance, as per the US Department of Commerce, e-commerce rose by 10.8% in Q3 of 2022 compared to the same period in 2021, and retail sales rose by 9.1% with a total e-commerce sales of $251.7 billion in 2022. Hence, the thriving e-commerce industry is fueling the industrial truck market's growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8980&type=smp
Who Are the Key Players Driving Industrial Truck Market Growth?
- Combilift Material Handling Solutions
- Doosan Corporation
- Crown Controls Corp.
- Caterpillar Inc.
- Kion Group AG
- Toyoda Automatic Loom Works Ltd.
- Mitsubishi Nichiyu Forklift Co. Ltd
- Clark Material Handling Co. Ltd
- Hangcha Group Co. Ltd
- Anhui Heli Co. Ltd
- Hyster-Yale Materials Handling Inc.
- Jungheinrich AG
- Komatsu Ltd
- Dearborn Mid-West Company LLC
- UniCarriers Americas Corporation
- Lonking Forklift Company Ltd
- HD Hyundai Co Ltd
- Nissan Forklift Corp.
- TCM Limited
- Kawasaki Heavy Industries Ltd
- Sumitomo Corporation
- Toshiba Corporation
- Hitachi Ltd
What Are The Key Trends In The Industrial Truck Market?
Key trends shaping the industrial truck market's future include:
- Shifting towards electric trucks
- Automation and autonomous trucks
- Data analytics and telematics integration
- Customization and adaptability
- Enhanced safety features
What Are The Segments Of The Global Industrial Truck Market?
The industrial truck market is segmented by:
1) Type: Pallet Truck, Lifting Truck, Forklift Truck, Platform Truck, Other Types
2) Power: Fuel Operated, Electric Operated
3) Application: Mining Application, Logistics Application, Construction Application, Other Applications
4) End-Use Industry: Aviation Industry, Construction Industry, Manufacturing Industry, Transport And Shipping Industry
Which Region Leads The Industrial Truck Market?
Asia-Pacific was the largest contributor to the industrial truck market in 2024. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/industrial-truck-global-market-report
What Is Covered In The Industrial Truck Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Truck Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Truck Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Truck Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Truck Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=8980&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
• Twitter: https://twitter.com/tbrc_info
• YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About the Business Research Company:
The Business Research Company holds a robust reputation for providing comprehensive, data-rich research and insights across 27 industries in more than 60 geographies. Our 1,500,000 datasets along with the in-depth secondary research and unique insights from industry leaders empower you with the productive knowledge you need to stay ahead. Our flagship product, the Global Market Model (GMM), delivers comprehensive and updated forecasts to facilitate informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Truck Market: Strong Growth Predicted with CAGR of 5.7% and Leading Market Key Players here
News-ID: 3826741 • Views: …
More Releases from The Business research company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Truck
Food Truck Market Size, Share Projections 2032 by Key Manufacturer- Prestige Cus …
USA, New Jersey: According to Verified Market Research analysis, the global Food Truck Market size was valued at USD 4.52 Billion in 2024 and is projected to reach USD 7.15 Billion by 2031, growing at a CAGR of 5.90% from 2024 to 2031.
How AI and Machine Learning Are Redefining the Future of Food Truck Market?
The integration of AI and machine learning is rapidly transforming the Food Truck Market by enabling…
Hydrogen Fuel Cell Truck Market By Truck Type (Light Duty Truck, Medium Duty Tru …
Hydrogen Fuel Cell Truck Market Size
By truck type, the heavy duty truck segment was the highest revenue contributor to the market, and is estimated to reach $1,763.4 million by 2032, with a CAGR of 32.9%.
Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-0H932/Hydrogen_Fuel_Cell_Truck_Market_By_Truck_Type_Light_Duty_Truck_Medium_Duty_Truck_Heavy_Duty_Truck_By_Range_Below_400_Km_Above_400_km_By_Power_Output_Below_150_KW_151_250_KW_Above_250_KW_Global_Opportunity_Analysis_and_Industry_Forecast_2023_2032
Hydrogen Fuel Cell Truck Market By Truck Type (Light Duty Truck, Medium Duty Truck, Heavy Duty Truck), By Range (Below 400 Km, Above 400 km), By Power Output (Below 150 KW, 151 -…
Freight Trucking Market : Dry van & box truck, Refrigerated truck, Tanker truck …
The global freight trucking market was valued at $2,732 billion in 2021, and is projected to reach $4,457.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry in emerging economies in the region. High government support for development of logistics…
Freight Trucking Market : Dry van & box truck, Refrigerated truck, Tanker truck …
According to a new report published by Allied Market Research, titled, "Freight Trucking Market," The freight trucking market was valued at $2,732.00 billion in 2021, and is estimated to reach $4,457.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Asia-Pacific is expected to dominate the global freight trucking market in 2021. The growth of the market in Asia-Pacific is majorly attributed to the booming e-commerce industry…
Commercial Truck Leasing Market Report- Applications, Type, Deployment, Organiza …
The Commercial Truck Leasing Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, Commercial Truck Leasing Market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Commercial Truck Leasing Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans…
Semi-Autonomous Truck Truck Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Semi-Autonomous Truck Truck market analysis, which studies the Semi-Autonomous Truck Truck's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global "Semi-Autonomous Truck Truck Market 2020-2025" Research Report categorizes the global Semi-Autonomous Truck Truck market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players…
