Global Battery Electric Industrial Vehicles Market Growth 2025-2031

The global Battery Electric Industrial Vehicles market size is predicted to grow from US$ 2346 million in 2025 to US$ 4147 million in 2031; it is expected to grow at a CAGR of 10.0% from 2025 to 2031.

Battery Electric Industrial Vehicles refer to industrial vehicles powered entirely by rechargeable batteries rather than internal combustion engines. These vehicles are used for material handling, transportation, and logistics in warehouses, factories, and industrial sites, offering benefits like zero emissions, reduced noise, and lower maintenance costs.

United States market for Battery Electric Industrial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Battery Electric Industrial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Battery Electric Industrial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Battery Electric Industrial Vehicles players cover Anhui Forklift Group Corporation, Clark Material Handling, Crown Equipment Corporation., DOOSAN BOBCAT KOREA, EP Equipment, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Battery Electric Industrial Vehicles Industry Forecast” looks at past sales and reviews total world Battery Electric Industrial Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Battery Electric Industrial Vehicles sales for 2025 through 2031. With Battery Electric Industrial Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery Electric Industrial Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Battery Electric Industrial Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery Electric Industrial Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Battery Electric Industrial Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery Electric Industrial Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery Electric Industrial Vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery Electric Industrial Vehicles market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
<5 ton Load Capacity
5-10 ton Load Capacity
11-36 ton Load Capacity
>36 ton Load Capacity

Segmentation by Application:
Manufacturing
Warehousing
Freight & Logistics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Anhui Forklift Group Corporation
Clark Material Handling
Crown Equipment Corporation.
DOOSAN BOBCAT KOREA
EP Equipment
Hangcha Group
Hyster-Yale Materials Handling, Inc.
J C Bamford Excavators Ltd.
Jungheinrich AG
KION Group AG
Komatsu
Konecranes Plc
Manitou Group
Mitsubishi Logisnext
Toyota Industries Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Battery Electric Industrial Vehicles market?

What factors are driving Battery Electric Industrial Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Battery Electric Industrial Vehicles market opportunities vary by end market size?

How does Battery Electric Industrial Vehicles break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.