Key Industrial Truck Market Players:
- 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)
In the year 2026, the industry size of industrial truck is estimated at USD 32.23 billion.
Industrial Truck Market size was over USD 31.03 billion in 2025 and is anticipated to cross USD 47.27 billion by 2035, witnessing more than 4.3% CAGR during the forecast period i.e., between 2026-2035.
Asia Pacific holds a 42.00% share in the Industrial Truck Market, driven by local government support for smart manufacturing and investment in infrastructure, ensuring robust growth through 2035.
Key players in the market include Anhui Heli Co., Ltd., BYD Company Ltd., Jungheinrich AG, KION Group AG.
