Market Research Logo

Global Industrial Vehicle Market 2017-2021

Global Industrial Vehicle Market 2017-2021

About Industrial Vehicle

Industrial vehicles are vehicles that are used for different industrial purposes, such as loading, lifting, and movement of loads. For medium-distance movement of loads, powered vehicles such as lift trucks are used where the load is batched in parts in either a container or a pallet. In case of short-distance transport, manual or semi-powered carts are used. These vehicles are only capable of moving one load at a time from one place to another. However, there are multiple load transporters that can move more than one load at a time, from one or more sources to the preferred destination. The operation of multiple load transporters is extremely difficult as they a pre-defined set of rules, such as the retrieval of additional loads and the delivery of loads at a specific time, already on board.

Technavio’s analysts forecast the global industrial vehicle market to grow at a CAGR of 3.13% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial vehicle market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial vehicle.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Hyster-Yale Materials Handling
  • Jungheinrich
  • KION GROUP
  • Konecranes
  • TOYOTA INDUSTRIES
Other prominent vendors
  • Anhui Heli Industrial Vehicle
  • Cargotec
  • Crown Equipment
  • Daifuku
  • Hangcha
  • Hyundai Construction Equipment Europe
  • Manituo
  • MITSUBISHI LOGISNEXT
  • Ross Electric Vehicles
  • SSI SCHAEFER
  • Taylor-Dunn
Market driver
  • Rapid industrialization
  • For a full, detailed list, view our report
Market challenge
  • Slowdown in Chinese economy
  • For a full, detailed list, view our report
Market trend
  • Integration of IoT in industrial vehicles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Vehicle Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial vehicle market: Hyster-Yale Materials Handling, Jungheinrich, KION GROUP, Konecranes, and TOYOTA INDUSTRIES

Other Prominent Vendors in the market are: Anhui Heli Industrial Vehicle, Cargotec, Crown Equipment, Daifuku, Hangcha, Hyundai Construction Equipment Europe, Manituo, MITSUBISHI LOGISNEXT, Ross Electric Vehicles, SSI SCHAEFER, and Taylor-Dunn.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Integration of IoT in industrial vehicles. Modern industrial vehicles incorporated with IoT are expected to be launched in the future. With the incorporation of IoT in the automotive system, the data generated will be constantly fed to the central server. Data collation will help to formulate the best practices to reduce fuel consumption.”

According to the report, one of the major drivers for this market is Rapid industrialization. The world has witnessed a rapid growth in industrialization over the last few years. Developing countries, such as China, Indonesia, and India, are trying to bring more industries and attract investments to their countries to improve their economy. The industrial sector in these countries contributes more than 30% of GDP to the overall economy. As a result, these countries are investing a significant amount of capital in the development of the industrial sector, and are coming up with innovative programs to promote foreign investments.

Further, the report states that one of the major factors hindering the growth of this market is Slowdown in Chinese economy. According to the World Bank, China is considered as the world's biggest market for manufacturing and retail goods and ranks below the consumption value of the US. Globally, China accounted for almost one-tenth of the household consumption in 2015. This shows that any decline in the Chinese economy will negatively affect the global market.

Companies Mentioned

Hyster-Yale Materials Handling, Jungheinrich, KION GROUP, Konecranes, TOYOTA INDUSTRIES, Anhui Heli Industrial Vehicle, Cargotec, Crown Equipment, Daifuku, Hangcha, Hyundai Construction Equipment Europe, Manituo, MITSUBISHI LOGISNEXT, Ross Electric Vehicles, SSI SCHAEFER, and Taylor-Dunn.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global industrial vehicle market share by product
  • Market landscape
    • Market overview
      • Table Global industrial vehicle market overview
    • Market size and forecast
      • Table Global industrial vehicle market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Market overview
      • Table Global industrial vehicle market by product 2016-2021 (%)
    • Global industrial vehicle market by internal combustion engine
      • Table Global industrial vehicle market by internal combustion engine 2016-2021 ($billions)
      • Table Different types of fuels used by internal combustion engines
    • Global industrial vehicle market by batteryoperated vehicles
      • Table Global industrial vehicle market by battery-operated vehicles 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global industrial vehicle market by geography 2016-2021 (%)
    • Industrial vehicle market in APAC
      • Table Industrial vehicle market in APAC 2016-2021 ($ billions)
    • Industrial vehicle market in EMEA
      • Table Industrial vehicle market in EMEA 2016-2021($ billions)
    • Industrial vehicle market in Americas
      • Table Industrial vehicle market in Americas 2016-2021($ billions)
      • Table Total retail sales in US 2013-2016 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Value added to GDP by industrial development (in percentage)
      • Table E-commerce sales in US 2013-2016 ($ millions)
      • Table Market share of e-sales with total sales in Europe 2008-2015 (%)
    • Market challenges
  • Market trends
    • High payloads and low fuel consumption in semiautonomous and autonomous vehicles
    • Integration of IoT in industrial vehicles
    • Growing popularity of electric forklifts
  • Vendor landscape
    • Market overview
    • Other prominent vendors
  • Key vendor analysis
    • Hyster-Yale Materials Handling
      • Table Hyster-Yale Materials Handling: Products offered
      • Table Hyster-Yale Materials Handling: Key news
    • Jungheinrich
      • Table Jungheinrich: Products offered
      • Table Jungheinrich: Key news
    • KION GROUP
      • Table KION GROUP: Products and services
      • Table KION GROUP: Products offered by different brands
      • Table KION GROUP: Key news
    • Konecranes
      • Table Konecranes: Products offered
      • Table Konecranes: Key news
    • TOYOTA INDUSTRIES
      • Table TOYOTA INDUSTRIES: Products offered
      • Table TOYOTA INDUSTRIES: Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report