Industrial Lift Truck Market, Global Outlook and Forecast 2022-2028
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The latest research study released by Market IntelliX evaluates market size and forecasts of Industrial Lift Truck in global, including the following market information:
Global Industrial Lift Truck Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Industrial Lift Truck Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Industrial Lift Truck companies in 2021 (%)
The global Industrial Lift Truck market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Class 1 Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Industrial Lift Truck include Toyota Industries Corporation, KION Group, Mitsubishi Nichiyu Forklift, Jungheinrich AG, Crown Equipment, Hyster-Yale Materials Handling, Anhui Forklift Truck, Doosan Industrial Vehicle and Hangcha Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Industrial Lift Truck manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Industrial Lift Truck Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Lift Truck Market Segment Percentages, by Type, 2021 (%)
Class 1
Class 2
Class 3
Global Industrial Lift Truck Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Lift Truck Market Segment Percentages, by Application, 2021 (%)
Mining Application
Logistics Application
Construction Application
Others
Global Industrial Lift Truck Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Lift Truck Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Industrial Lift Truck revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Industrial Lift Truck revenues share in global market, 2021 (%)
Key companies Industrial Lift Truck sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Industrial Lift Truck sales share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
Toyota Industries Corporation
KION Group
Mitsubishi Nichiyu Forklift
Jungheinrich AG
Crown Equipment
Hyster-Yale Materials Handling
Anhui Forklift Truck
Doosan Industrial Vehicle
Hangcha Group
Clark Material Handling
Komatsu
Hyundai Heavy Industries
Combilift
EP Equipment
Konecranes
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Industrial Lift Truck Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Industrial Lift Truck Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Industrial Lift Truck Overall Market Size
2.1 Global Industrial Lift Truck Market Size: 2021 VS 2028
2.2 Global Industrial Lift Truck Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Industrial Lift Truck Sales: 2017-2028
3 Company Landscape
3.1 Top Industrial Lift Truck Players in Global Market
3.2 Top Global Industrial Lift Truck Companies Ranked by Revenue
3.3 Global Industrial Lift Truck Revenue by Companies
3.4 Global Industrial Lift Truck Sales by Companies
3.5 Global Industrial Lift Truck Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Industrial Lift Truck Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Industrial Lift Truck Product Type
3.8 Tier 1, Tier 2 and Tier 3 Industrial Lift Truck Players in Global Market
3.8.1 List of Global Tier 1 Industrial Lift Truck Companies
3.8.2 List of Global Tier 2 and Tier 3 Industrial Lift Truck Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Industrial Lift Truck Market Size Markets, 2021 & 2028
4.1.2 Class 1
4.1.3 Class 2
4.1.4 Class 3
4.2 By Type - Global Industrial Lift Truck Revenue & Forecasts
4.2.1 By Type - Global Industrial Lift Truck Revenue, 2017-2022
4.2.2 By Type - Global Industrial Lift Truck Revenue, 2023-2028
4.2.3 By Type - Global Industrial Lift Truck Revenue Market Share, 2017-2028
4.3 By Type - Global Industrial Lift Truck Sales & Forecasts
4.3.1 By Type - Global Industrial Lift Truck Sales, 2017-2022
4.3.2 By Type - Global Industrial Lift Truck Sales, 2023-2028
4.3.3 By Type - Global Industrial Lift Truck Sales Market Share, 2017-2028
4.4 By Type - Global Industrial Lift Truck Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global Industrial Lift Truck Market Size, 2021 & 2028
5.1.2 Mining Application
5.1.3 Logistics Application
5.1.4 Construction Application
5.1.5 Others
5.2 By Application - Global Industrial Lift Truck Revenue & Forecasts
5.2.1 By Application - Global Industrial Lift Truck Revenue, 2017-2022
5.2.2 By Application - Global Industrial Lift Truck Revenue, 2023-2028
5.2.3 By Application - Global Industrial Lift Truck Revenue Market Share, 2017-2028
5.3 By Application - Global Industrial Lift Truck Sales & Forecasts
5.3.1 By Application - Global Industrial Lift Truck Sales, 2017-2022
5.3.2 By Application - Global Industrial Lift Truck Sales, 2023-2028
5.3.3 By Application - Global Industrial Lift Truck Sales Market Share, 2017-2028
5.4 By Application - Global Industrial Lift Truck Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global Industrial Lift Truck Market Size, 2021 & 2028
6.2 By Region - Global Industrial Lift Truck Revenue & Forecasts
6.2.1 By Region - Global Industrial Lift Truck Revenue, 2017-2022
6.2.2 By Region - Global Industrial Lift Truck Revenue, 2023-2028
6.2.3 By Region - Global Industrial Lift Truck Revenue Market Share, 2017-2028
6.3 By Region - Global Industrial Lift Truck Sales & Forecasts
6.3.1 By Region - Global Industrial Lift Truck Sales, 2017-2022
6.3.2 By Region - Global Industrial Lift Truck Sales, 2023-2028
6.3.3 By Region - Global Industrial Lift Truck Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America Industrial Lift Truck Revenue, 2017-2028
6.4.2 By Country - North America Industrial Lift Truck Sales, 2017-2028
6.4.3 US Industrial Lift Truck Market Size, 2017-2028
6.4.4 Canada Industrial Lift Truck Market Size, 2017-2028
6.4.5 Mexico Industrial Lift Truck Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe Industrial Lift Truck Revenue, 2017-2028
6.5.2 By Country - Europe Industrial Lift Truck Sales, 2017-2028
6.5.3 Germany Industrial Lift Truck Market Size, 2017-2028
6.5.4 France Industrial Lift Truck Market Size, 2017-2028
6.5.5 U.K. Industrial Lift Truck Market Size, 2017-2028
6.5.6 Italy Industrial Lift Truck Market Size, 2017-2028
6.5.7 Russia Industrial Lift Truck Market Size, 2017-2028
6.5.8 Nordic Countries Industrial Lift Truck Market Size, 2017-2028
6.5.9 Benelux Industrial Lift Truck Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia Industrial Lift Truck Revenue, 2017-2028
6.6.2 By Region - Asia Industrial Lift Truck Sales, 2017-2028
6.6.3 China Industrial Lift Truck Market Size, 2017-2028
6.6.4 Japan Industrial Lift Truck Market Size, 2017-2028
6.6.5 South Korea Industrial Lift Truck Market Size, 2017-2028
6.6.6 Southeast Asia Industrial Lift Truck Market Size, 2017-2028
6.6.7 India Industrial Lift Truck Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America Industrial Lift Truck Revenue, 2017-2028
6.7.2 By Country - South America Industrial Lift Truck Sales, 2017-2028
6.7.3 Brazil Industrial Lift Truck Market Size, 2017-2028
6.7.4 Argentina Industrial Lift Truck Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Industrial Lift Truck Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa Industrial Lift Truck Sales, 2017-2028
6.8.3 Turkey Industrial Lift Truck Market Size, 2017-2028
6.8.4 Israel Industrial Lift Truck Market Size, 2017-2028
6.8.5 Saudi Arabia Industrial Lift Truck Market Size, 2017-2028
6.8.6 UAE Industrial Lift Truck Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 Toyota Industries Corporation
7.1.1 Toyota Industries Corporation Corporate Summary
7.1.2 Toyota Industries Corporation Business Overview
7.1.3 Toyota Industries Corporation Industrial Lift Truck Major Product Offerings
7.1.4 Toyota Industries Corporation Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.1.5 Toyota Industries Corporation Key News
7.2 KION Group
7.2.1 KION Group Corporate Summary
7.2.2 KION Group Business Overview
7.2.3 KION Group Industrial Lift Truck Major Product Offerings
7.2.4 KION Group Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.2.5 KION Group Key News
7.3 Mitsubishi Nichiyu Forklift
7.3.1 Mitsubishi Nichiyu Forklift Corporate Summary
7.3.2 Mitsubishi Nichiyu Forklift Business Overview
7.3.3 Mitsubishi Nichiyu Forklift Industrial Lift Truck Major Product Offerings
7.3.4 Mitsubishi Nichiyu Forklift Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.3.5 Mitsubishi Nichiyu Forklift Key News
7.4 Jungheinrich AG
7.4.1 Jungheinrich AG Corporate Summary
7.4.2 Jungheinrich AG Business Overview
7.4.3 Jungheinrich AG Industrial Lift Truck Major Product Offerings
7.4.4 Jungheinrich AG Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.4.5 Jungheinrich AG Key News
7.5 Crown Equipment
7.5.1 Crown Equipment Corporate Summary
7.5.2 Crown Equipment Business Overview
7.5.3 Crown Equipment Industrial Lift Truck Major Product Offerings
7.5.4 Crown Equipment Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.5.5 Crown Equipment Key News
7.6 Hyster-Yale Materials Handling
7.6.1 Hyster-Yale Materials Handling Corporate Summary
7.6.2 Hyster-Yale Materials Handling Business Overview
7.6.3 Hyster-Yale Materials Handling Industrial Lift Truck Major Product Offerings
7.6.4 Hyster-Yale Materials Handling Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.6.5 Hyster-Yale Materials Handling Key News
7.7 Anhui Forklift Truck
7.7.1 Anhui Forklift Truck Corporate Summary
7.7.2 Anhui Forklift Truck Business Overview
7.7.3 Anhui Forklift Truck Industrial Lift Truck Major Product Offerings
7.7.4 Anhui Forklift Truck Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.7.5 Anhui Forklift Truck Key News
7.8 Doosan Industrial Vehicle
7.8.1 Doosan Industrial Vehicle Corporate Summary
7.8.2 Doosan Industrial Vehicle Business Overview
7.8.3 Doosan Industrial Vehicle Industrial Lift Truck Major Product Offerings
7.8.4 Doosan Industrial Vehicle Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.8.5 Doosan Industrial Vehicle Key News
7.9 Hangcha Group
7.9.1 Hangcha Group Corporate Summary
7.9.2 Hangcha Group Business Overview
7.9.3 Hangcha Group Industrial Lift Truck Major Product Offerings
7.9.4 Hangcha Group Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.9.5 Hangcha Group Key News
7.10 Clark Material Handling
7.10.1 Clark Material Handling Corporate Summary
7.10.2 Clark Material Handling Business Overview
7.10.3 Clark Material Handling Industrial Lift Truck Major Product Offerings
7.10.4 Clark Material Handling Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.10.5 Clark Material Handling Key News
7.11 Komatsu
7.11.1 Komatsu Corporate Summary
7.11.2 Komatsu Industrial Lift Truck Business Overview
7.11.3 Komatsu Industrial Lift Truck Major Product Offerings
7.11.4 Komatsu Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.11.5 Komatsu Key News
7.12 Hyundai Heavy Industries
7.12.1 Hyundai Heavy Industries Corporate Summary
7.12.2 Hyundai Heavy Industries Industrial Lift Truck Business Overview
7.12.3 Hyundai Heavy Industries Industrial Lift Truck Major Product Offerings
7.12.4 Hyundai Heavy Industries Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.12.5 Hyundai Heavy Industries Key News
7.13 Combilift
7.13.1 Combilift Corporate Summary
7.13.2 Combilift Industrial Lift Truck Business Overview
7.13.3 Combilift Industrial Lift Truck Major Product Offerings
7.13.4 Combilift Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.13.5 Combilift Key News
7.14 EP Equipment
7.14.1 EP Equipment Corporate Summary
7.14.2 EP Equipment Business Overview
7.14.3 EP Equipment Industrial Lift Truck Major Product Offerings
7.14.4 EP Equipment Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.14.5 EP Equipment Key News
7.15 Konecranes
7.15.1 Konecranes Corporate Summary
7.15.2 Konecranes Business Overview
7.15.3 Konecranes Industrial Lift Truck Major Product Offerings
7.15.4 Konecranes Industrial Lift Truck Sales and Revenue in Global (2017-2022)
7.15.5 Konecranes Key News
8 Global Industrial Lift Truck Production Capacity, Analysis
8.1 Global Industrial Lift Truck Production Capacity, 2017-2028
8.2 Industrial Lift Truck Production Capacity of Key Manufacturers in Global Market
8.3 Global Industrial Lift Truck Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Industrial Lift Truck Supply Chain Analysis
10.1 Industrial Lift Truck Industry Value Chain
10.2 Industrial Lift Truck Upstream Market
10.3 Industrial Lift Truck Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Industrial Lift Truck Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Research Methodology:
Industrial Lift Truck Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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