Industrial Truck Market Size

Industrial Truck Market size was estimated at USD 28.7 billion in 2024 and is projected to attain USD 61.2 billion in 2037 surging at a CAGR of 6% during the forecast period i.e. 2025 to 2037. In 2025, the industry size of industrial truck is estimated at USD 30.4 billion.

Industrial truck play a significant role as they are designed to shift heavy loads within industrial complexes, such as warehouses, factories, and distribution centers. Industrial truck offer whole range of equipment, such as forklifts, pallet jacks, tow tractors, and platform trucks, with specifications depending on load-carrying capacity, terrain, and maneuverability requirements.

Their design integrates high-tech approaches aimed at optimizing the operational efficiency, safety, and durability of industrial truck. For instance, in April 2024, Daimler India Commercial Vehicles, declared to enter the Indian zero-emission truck market. It has begun a nationwide clinical trial for its eCanter light-duty electric truck, anticipated to go on sale within the next six to twelve months. Moreover, how they affect improving supply chain operations with reduced operational cost is key to evaluating the general impact on industrial productivity.