Companies Dominating the Industrial Truck Landscape
- BYD Company Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Crown Equipment Corporation
- Anhui Heli Co., Ltd.
- Doosan Corporation Industrial Vehicle
- Hyster-Yale Materials Handling Inc.
- Jungheinrich AG
- KION Group AG
- Hyundai Heavy Industries Co., Ltd.
The competitive environment in the industrial truck market is largely driven by the growing demand for automation and diligent logistics solutions, which has made many businesses invest in the creation of electric and driverless industrial truck. The industrial truck market is also impacted by strategic alliances, mergers, and acquisitions that would increase operational capabilities and product offerings. For instance, in June 2023, GM announced an investment worth USD 632 million in its Fort Wayne facility to render funding for new tools, conveyors, and equipment to facilitate its Chevrolet Silverado 1500 and GMC Sierra 1500 trucks.
Here’s the list of some key players of industrial truck market:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Industrial Truck Market in 2025 is evaluated at USD 30.2 billion.
The global market size was around USD 28.84 billion in 2024 and is likely to expand at a CAGR of more than 5.9%, surpassing USD 60.76 billion revenue by 2037.
Asia Pacific is expected to bring in USD 25.52 billion by 2037, due to government support for smart manufacturing and infrastructure investment.
The major players in the market include Anhui Heli Co., Ltd., BYD Company Ltd., Jungheinrich AG, KION Group AG, and others.
