Summary

HNY Research projects that the Industrial Truck market size will grow from 22855.56 Million USD in 2025 to 31855.4 Million USD by 2031, at an estimated CAGR of 5.69%. The base year considered for the study is 2025, and the market size is projected from 2026 to 2031.This report presents a detailed and holistic analysis of the global Industrial Truck market. It integrates quantitative data with qualitative insights to equip readers with the necessary information for strategic planning, competitive assessment, market positioning, and data-driven decision-making.
All market sizes, estimates, and forecasts are expressed in terms of output/shipments and revenue. With 2025 serving as the base year, the report provides historical context from 2020. and projections up to 2031. It includes a complete segmentation of the global market, along with regional market sizes analyzed by type, application, and key industry participants.
Further enriching the analysis, the report outlines the competitive environment, offering profiles of prominent players and their market standings. It also explores key technological advancements and recent developments in product offerings.
Ultimately, this report serves as a vital resource for Industrial Truck manufacturers, prospective entrants, and other stakeholders within the industry value chain. It supplies comprehensive data on revenues, production, and average pricing for the overall market and its sub-segments, detailed by company, product type, application, and geographic region.

By Market Players:
Toyota Industries Corporation
KION Group
Mitsubishi Nichiyu Forklift
Jungheinrich AG
Crown Equipment
Hyster-Yale Materials Handling
Anhui Forklift Truck
Doosan Industrial Vehicle
Hangcha Group
Clark Material Handling
Komatsu
Hyundai Heavy Industries
Combilift
EP Equipment
Konecranes

By Type
Class 1 Industrial Truck
Class 2 Industrial Truck
Class 3 Industrial Truck

By Application
Mining Application
Logistics Application
Construction Application
Others

By Regions/Countries:
North America
East Asia
Europe
South Asia
Southeast Asia
Middle East
Africa
Oceania
South America

Points Covered in The Report
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.

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Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Industrial Truck Revenue
1.4 Market Analysis by Type
1.4.1 Global Industrial Truck Market Size Growth Rate by Type: 2026-2031
1.4.2 Class 1 Industrial Truck
1.4.3 Class 2 Industrial Truck
1.4.4 Class 3 Industrial Truck
1.5 Market by Application
1.5.1 Global Industrial Truck Market Share by Application: 2026-2031
1.5.2 Mining Application
1.5.3 Logistics Application
1.5.4 Construction Application
1.5.5 Others
1.6 Study Objectives
1.7 Overview of Global Industrial Truck Market
1.7.1 Global Industrial Truck Market Status and Outlook (2020-2031)
1.7.2 North America
1.7.3 East Asia
1.7.4 Europe
1.7.5 South Asia
1.7.6 Southeast Asia
1.7.7 Middle East
1.7.8 Africa
1.7.9 Oceania
1.7.10 South America
1.7.11 Rest of the World
2 Manufacturing Cost Structure Analysis
2.1 Manufacturing Cost Structure Analysis of Industrial Truck
2.2 Industry Chain Structure of Industrial Truck
3 Market Competition by Manufacturers
3.1 Global Industrial Truck Production Capacity Market Share by Manufacturers (2020-2025)
3.2 Global Industrial Truck Revenue Market Share by Manufacturers (2020-2025)
3.3 Global Industrial Truck Average Price by Manufacturers (2020-2025)
4 Industrial Truck Regional Market Analysis
4.1 Industrial Truck Production by Regions
4.1.1 Global Industrial Truck Production by Regions (2020-2025)
4.1.2 Global Industrial Truck Revenue by Regions
4.2 Industrial Truck Consumption by Regions
4.3 North America Industrial Truck Market Analysis
4.3.1 North America Industrial Truck Production
4.3.2 North America Industrial Truck Revenue
4.3.3 Key Manufacturers in North America
4.3.4 North America Industrial Truck Import and Export
4.4 East Asia Industrial Truck Market Analysis
4.4.1 East Asia Industrial Truck Production
4.4.2 East Asia Industrial Truck Revenue
4.4.3 Key Manufacturers in East Asia
4.4.4 East Asia Industrial Truck Import & Export
4.5 Europe Industrial Truck Market Analysis
4.5.1 Europe Industrial Truck Production
4.5.2 Europe Industrial Truck Revenue
4.5.3 Key Manufacturers in Europe
4.5.4 Europe Industrial Truck Import & Export
4.6 South Asia Industrial Truck Market Analysis
4.6.1 South Asia Industrial Truck Production
4.6.2 South Asia Industrial Truck Revenue
4.6.3 Key Manufacturers in South Asia
4.6.4 South Asia Industrial Truck Import & Export
4.7 Southeast Asia Industrial Truck Market Analysis
4.7.1 Southeast Asia Industrial Truck Production
4.7.2 Southeast Asia Industrial Truck Revenue
4.7.3 Key Manufacturers in Southeast Asia
4.7.4 Southeast Asia Industrial Truck Import & Export
4.8 Middle East Industrial Truck Market Analysis
4.8.1 Middle East Industrial Truck Production
4.8.2 Middle East Industrial Truck Revenue
4.8.3 Key Manufacturers in Middle East
4.8.4 Middle East Industrial Truck Import & Export
4.9 Africa Industrial Truck Market Analysis
4.9.1 Africa Industrial Truck Production
4.9.2 Africa Industrial Truck Revenue
4.9.3 Key Manufacturers in Africa
4.9.4 Africa Industrial Truck Import & Export
4.10 Oceania Industrial Truck Market Analysis
4.10.1 Oceania Industrial Truck Production
4.10.2 Oceania Industrial Truck Revenue
4.10.3 Key Manufacturers in Oceania
4.10.4 Oceania Industrial Truck Import & Export
4.11 South America Industrial Truck Market Analysis
4.11.1 South America Industrial Truck Production
4.11.2 South America Industrial Truck Revenue
4.11.3 Key Manufacturers in South America
4.11.4 South America Industrial Truck Import & Export
5 Industrial Truck Sales Market by Type (2020-2031)
5.1 Global Industrial Truck Historic Market Size by Type (2020-2025)
5.2 Global Industrial Truck Forecasted Market Size by Type (2026-2031)
6 Industrial Truck Consumption Market by Application(2020-2031)
6.1 Global Industrial Truck Historic Market Size by Application (2020-2025)
6.2 Global Industrial Truck Forecasted Market Size by Application (2026-2031)
7 Company Profiles and Key Figures in Industrial Truck Business
7.1 Toyota Industries Corporation
7.1.1 Toyota Industries Corporation Company Profile
7.1.2 Toyota Industries Corporation Industrial Truck Product Specification
7.1.3 Toyota Industries Corporation Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.2 KION Group
7.2.1 KION Group Company Profile
7.2.2 KION Group Industrial Truck Product Specification
7.2.3 KION Group Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.3 Mitsubishi Nichiyu Forklift
7.3.1 Mitsubishi Nichiyu Forklift Company Profile
7.3.2 Mitsubishi Nichiyu Forklift Industrial Truck Product Specification
7.3.3 Mitsubishi Nichiyu Forklift Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.4 Jungheinrich AG
7.4.1 Jungheinrich AG Company Profile
7.4.2 Jungheinrich AG Industrial Truck Product Specification
7.4.3 Jungheinrich AG Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.5 Crown Equipment
7.5.1 Crown Equipment Company Profile
7.5.2 Crown Equipment Industrial Truck Product Specification
7.5.3 Crown Equipment Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.6 Hyster-Yale Materials Handling
7.6.1 Hyster-Yale Materials Handling Company Profile
7.6.2 Hyster-Yale Materials Handling Industrial Truck Product Specification
7.6.3 Hyster-Yale Materials Handling Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.7 Anhui Forklift Truck
7.7.1 Anhui Forklift Truck Company Profile
7.7.2 Anhui Forklift Truck Industrial Truck Product Specification
7.7.3 Anhui Forklift Truck Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.8 Doosan Industrial Vehicle
7.8.1 Doosan Industrial Vehicle Company Profile
7.8.2 Doosan Industrial Vehicle Industrial Truck Product Specification
7.8.3 Doosan Industrial Vehicle Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.9 Hangcha Group
7.9.1 Hangcha Group Company Profile
7.9.2 Hangcha Group Industrial Truck Product Specification
7.9.3 Hangcha Group Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.10 Clark Material Handling
7.10.1 Clark Material Handling Company Profile
7.10.2 Clark Material Handling Industrial Truck Product Specification
7.10.3 Clark Material Handling Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.11 Komatsu
7.11.1 Komatsu Company Profile
7.11.2 Komatsu Industrial Truck Product Specification
7.11.3 Komatsu Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.12 Hyundai Heavy Industries
7.12.1 Hyundai Heavy Industries Company Profile
7.12.2 Hyundai Heavy Industries Industrial Truck Product Specification
7.12.3 Hyundai Heavy Industries Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.13 Combilift
7.13.1 Combilift Company Profile
7.13.2 Combilift Industrial Truck Product Specification
7.13.3 Combilift Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.14 EP Equipment
7.14.1 EP Equipment Company Profile
7.14.2 EP Equipment Industrial Truck Product Specification
7.14.3 EP Equipment Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
7.15 Konecranes
7.15.1 Konecranes Company Profile
7.15.2 Konecranes Industrial Truck Product Specification
7.15.3 Konecranes Industrial Truck Production Capacity, Revenue, Price and Gross Margin (2020-2025)
8 Production and Supply Forecast
8.1 Global Forecasted Production of Industrial Truck (2026-2031)
8.2 Global Forecasted Revenue of Industrial Truck (2026-2031)
8.3 Global Forecasted Price of Industrial Truck (2020-2031)
8.4 Global Forecasted Production of Industrial Truck by Region (2026-2031)
8.4.1 North America Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.2 East Asia Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.3 Europe Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.4 South Asia Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.5 Southeast Asia Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.6 Middle East Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.7 Africa Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.8 Oceania Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.9 South America Industrial Truck Production, Revenue Forecast (2026-2031)
8.4.10 Rest of the World Industrial Truck Production, Revenue Forecast (2026-2031)
8.5 Forecast by Type and by Application (2026-2031)
8.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2026-2031)
8.5.2 Global Forecasted Consumption of Industrial Truck by Application (2026-2031)
9 Consumption and Demand Forecast
9.1 North America Forecasted Consumption of Industrial Truck by Country
9.2 East Asia Market Forecasted Consumption of Industrial Truck by Country
9.3 Europe Market Forecasted Consumption of Industrial Truck by Countriy
9.4 South Asia Forecasted Consumption of Industrial Truck by Country
9.5 Southeast Asia Forecasted Consumption of Industrial Truck by Country
9.6 Middle East Forecasted Consumption of Industrial Truck by Country
9.7 Africa Forecasted Consumption of Industrial Truck by Country
9.8 Oceania Forecasted Consumption of Industrial Truck by Country
9.9 South America Forecasted Consumption of Industrial Truck by Country
9.10 Rest of the world Forecasted Consumption of Industrial Truck by Country
10 Marketing Channel, Distributors and Customers
10.1 Marketing Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
11 Market Dynamics
11.1 Market Trends
11.2 Opportunities and Drivers
11.3 Challenges
11.4 Porter's Five Forces Analysis
12 Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer