The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033.
The Industrial Truck by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
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https://www.thebusinessresearchcompany.com/report/industrial-truck-global-market-report
According to The Business Research Company’s Industrial Truck, The industrial truck market size has grown steadily in recent years. It will grow from $24.72 billion in 2023 to $25.94 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to demand from diverse industries, industrialization and manufacturing growth, efficiency and productivity demands, safety and ergonomics, global supply chain expansion.The industrial truck market size is expected to see strong growth in the next few years. It will grow to $31.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
The expanding construction industry is anticipated to drive the growth of the industrial trucks market. The construction sector encompasses activities related to the construction, maintenance, and repair of infrastructure, including roads and various service facilities that form essential components of structures. Industrial trucks play a crucial role in the construction industry, facilitating the transportation of materials with maximum flexibility while minimizing the need for manual labor in lifting and transporting tasks.
For instance, data from Oxford Economics, a UK-based economic forecasting and analysis firm, indicates that the global construction industry experienced a growth of 6.6% in 2021. Moreover, projections suggest that the global construction sector is expected to witness a substantial 35% growth by the year 2030.Therefore, the expanding construction industry is poised to be a key driver for the industrial trucks market’s growth.
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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
Top Major Players
Combilift Material Handling Solutions,
Doosan Corporation,
Crown Controls Corp.,
Caterpillar Inc.,
Kion Group AG
The industrial truck market report table of contents includes:
1. Executive Summary
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List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Industrial Truck Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Industrial Truck Market, Segmentation By Power, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Industrial Truck Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 75: Combilift Material Handling Solutions Financial Performance
Table 76: Doosan Corporation Financial Performance
Table 77: Crown Controls Corp. Financial Performance
Table 78: Caterpillar Inc Financial Performance
Table 79: Kion Group AG Financial Performance
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