Global Powered Industrial Trucks Market Growth 2025-2031

The global Powered Industrial Trucks market size is predicted to grow from US$ 15150 million in 2025 to US$ 20270 million in 2031; it is expected to grow at a CAGR of 5.0% from 2025 to 2031.

Industrial truck means any Vehicle used for the loading or unloading of merchandise or other object from a Vehicle.

The Powered Industrial Trucks (PIT) market, also known as forklift trucks, was experiencing steady growth due to increased demand from various industries such as manufacturing, logistics, warehousing, construction, and others. Powered industrial trucks are essential equipment used for material handling and transportation of heavy loads in indoor and outdoor settings.

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

This Insight Report provides a comprehensive analysis of the global Powered Industrial Trucks 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 Powered Industrial Trucks portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Powered Industrial Trucks market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Powered Industrial Trucks 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 Powered Industrial Trucks.

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

Segmentation by Type:
Weight: <5 Ton
Weight: 5-10 Ton
Weight: 10-30 Ton
Weight: >30 Ton

Segmentation by Application:
Manufacturing
Warehousing
Freight and 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.
Toyota Industries
KION GROUP AG
Mitsubishi Logisnext
Jungheinrich
Crown Equipment Corporation
Hyster-Yale Materials Handling
CLARK
Konecranes
Komatsu
Doosan
Manitou Group
Cargotec
ACE
Mariotti
Combilift
DAIFUKU
Aichi Corporation
JBT Corporation
Svetruck AB
ALETRANS
Genkinger
Hangcha Group
Anhui Heli Co., Ltd.
Lonking

Key Questions Addressed in this Report

What is the 10-year outlook for the global Powered Industrial Trucks market?

What factors are driving Powered Industrial Trucks market growth, globally and by region?

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

How do Powered Industrial Trucks market opportunities vary by end market size?

How does Powered Industrial Trucks break out by Type, by Application?

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