Press release
Future of Industrial Truck Market: Size, Share & Forecasts to 2029
Industrial Truck Market
What Is the Projected Market Size Valuation of the Industrial Truck Market by 2025?
In recent times, the industrial truck market has consistently experienced growth. An expansion is projected from $25.57 billion in 2024 to $26.39 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.2%. Factors contributing to this historical progression are a variety of industrial demands, growth in manufacturing and industrialization, the essential need for efficiency and productivity, attention to safety and ergonomics, and the expansion of the global supply chain.
What Is the Estimated Market Growth Value for the Industrial Truck Industry in 2029?
The market size of industrial trucks is projected to experience consistent growth in the forthcoming years. By 2029, it is expected to expand to a value of $31.66 billion with a compound annual growth rate (CAGR) of 4.7%. This growth during the forecast period is largely driven by factors such as enhancements in safety and ergonomics, the growth of global trade and logistics, the adoption of robotics and artificial intelligence, improvements in efficiency and productivity, and the expansion of manufacturing sectors. The upcoming trends during this period involve a shift towards electric trucks, automated and autonomous trucks, assimilation of data analytics and telematics, customization and adaptability, and the inclusion of superior safety elements.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/industrial-truck-global-market-report
What Are the Growth Drivers and Opportunities in the Industrial Truck Market?
The expansion of the e-commerce sector is projected to bolster the industrial truck market's growth. E-commerce is the online trading of goods and services, with product transportation and storage being its integral components. As e-commerce thrives, the need for adequate warehousing provisions, including forklift operators and forklifts, escalates. The US Department of Commerce, for example, noted a 10.8% surge in e-commerce in Q3 2022 compared to the same time in 2021, with retail sales witnessing a 9.1% growth. The total e-commerce sales in 2022 sealed at $251.7 billion. Hence, the booming e-commerce sector fuels the growth of the industrial truck market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8980&type=smp
What Are the Primary Segments Covered in the Global Industrial Truck Market Report?
The industrial truck market covered in this report is segmented -
1) By Type: Pallet Truck, Lifting Truck, Forklift Truck, Platform Truck, Other Types
2) By Power: Fuel Operated, Electric Operated
3) By Application: Mining Application, Logistics Application, Construction Application, Other Applications
4) By End-Use Industry: Aviation Industry, Construction Industry, Manufacturing Industry, Transport And Shipping Industry
Subsegments:
1) By Pallet Truck: Manual Pallet Truck, Electric Pallet Truck
2) By Lifting Truck: Electric Lifting Truck, Manual Lifting Truck
3) By Forklift Truck: Counterbalance Forklift, Reach Truck, Order Picker, Stackers
4) By Platform Truck, Manual Platform Truck, Electric Platform Truck
5) By Other Types: Tow Tractor, Aerial Work Platform, Side Loader, Rough Terrain Forklift
What Are the Top Growth Trends in the Industrial Truck Market?
The industrial trucks market is witnessing an increasing trend of product innovations. Major players in the market are launching novel products to maintain their market dominance. Hyster-Yale Materials Handling, Inc., an American Company specializing in the design and manufacturing of lift trucks, unveiled its new A Series lift trucks in May 2022. These trucks, crafted using A+Logic, allow customization according to specific requirements. They offer outstanding fuel efficiency, are highly adaptable, and equipped with sturdy components.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=8980&type=smp
Which Companies Are Shaping the Future of the Industrial Truck Market?
Major companies operating in the industrial truck market include 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.
Which Region Holds the Largest Market Share in the Industrial Truck Industry?
Asia-Pacific was the largest region in the industrial truck market share in 2024. The regions covered in the industrial truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Connect with 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.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support 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 Future of Industrial Truck Market: Size, Share & Forecasts to 2029 here
News-ID: 4173069 • Views: …
More Releases from The Business Research Company
Global Surge In Air Pollution Propels Growth In The Industrial Air Filtration Ma …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Air Filtration Industry Market Size Be by 2025?
Over the past several years, the industrial air filtration market has seen robust growth. Expected to increase from $14.97 billion in 2024 to $15.79 billion in 2025, it will experience a compound annual growth rate (CAGR) of…
Steady Expansion Forecast for Heavy Construction Equipment Market, Projected to …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Heavy Construction Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of heavy construction equipment has seen significant expansion in the past few years. The market, which is expected to rise from $204.24 billion in 2024 to $215.46 billion in 2025, will…
Form-Fill-Seal Equipment Industry Outlook 2025-2029: Market Set to Cross $23.82 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Form-Fill-Seal Equipment Market Size By 2025?
The market for form-fill-seal equipment has experienced gradual expansion in recent times. It's projected to rise from $17.81 billion in 2024 to $18.62 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth in previous…
Top Market Shifts Transforming the Filtration & Drying Equipment Market Landscap …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Filtration & Drying Equipment Market Through 2025?
Recent years have seen a robust increase in the size of the filtration & drying equipment market. Forecasts show a market rise from $1.94 billion in 2024 to $2.06 billion in 2025, with a Compound…
More Releases for Truck
Rush Truck Park Opens Secure Truck Parking Facility in Phoenix, AZ
Rush Truck Park announces the opening of a high security, short and long term parking facility for trucks, trailers, machinery and storage containers in Phoenix, AZ. With 24/7 access and convenient location in the heart of Phoenix, Rush Truck Park aims to become Arizona's premier truck parking destintation.
In response to the growing demand for secure and accessible truck parking solutions, Rush Truck Park is excited to announce the opening of…
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…
