Global Industrial Electric Vehicle Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Industrial Electric Vehicle Market is presumed to reach the market size of nearly USD 77.15 Billion by 2032 from USD 24.68 Billion in 2023 with a CAGR of 13.5% under the study period 2024 - 2032.

An Industrial electric vehicle (IEV) refers to an electric-powered vehicle designed for use in industrial applications, typically within manufacturing facilities, warehouses, distribution centers, and other industrial settings. These are part of the broader category of electric vehicles (EVs) and serve various purposes, ranging from material handling and transportation within industrial complexes to specialized tasks like towing and lifting.

MARKET DYNAMICS

The Industrial electric vehicle (IEV) market is driven by a convergence of factors contributing to the increasing demand for sustainable and technologically advanced solutions in industrial settings. Heightened concerns about environmental impact and sustainability are pushing industries to adopt cleaner alternatives, aligning with global efforts to reduce carbon footprints. Government incentives and regulations play a pivotal role, encouraging businesses to invest in electric fleets through tax credits and subsidies. The total cost of ownership for IEVs, considering lower fuel and maintenance costs, enhances their economic appeal. Advancements in battery technology contribute to extended vehicle range and improved operational efficiency. Technological integration with smart systems, operational efficiency gains, and the drive for corporate social responsibility further propel the adoption of IEVs. Manufacturers' continuous improvements in vehicle design, customization options, and alignment with global industry trends, such as Industry 4.0, influence the versatility and applicability of IEVs in diverse industrial applications.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of industrial electric vehicle. The growth and trends of industrial electric vehicle industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the industrial electric vehicle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Vehicle Type

Tow Tractors
Forklifts
Container Handlers
Aisle Trucks
Others

By Propulsion Type

Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)

By Application

Manufacturing
Warehousing
Freight & Logistics
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Industrial Electric Vehicle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Industrial Electric Vehicle market include Toyota Material Handling, Mitsubishi Logisnext Co., Ltd., Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Hangcha Forklift, Hyundai Construction Equipment, Sany Electric, KION Group, Crown Equipment Corporation, Doosan Industrial Vehicle. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112113467

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . INDUSTRIAL ELECTRIC VEHICLE - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Vehicle Type
- 3.7.2 Market Attractiveness Analysis By Propulsion Type
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL INDUSTRIAL ELECTRIC VEHICLE MARKET ANALYSIS BY VEHICLE TYPE

5.1 Overview by Vehicle Type
5.2 Historical and Forecast Data
5.3 Analysis by Vehicle Type
5.4 Tow Tractors Historic and Forecast Sales by Regions
5.5 Forklifts Historic and Forecast Sales by Regions
5.6 Container Handlers Historic and Forecast Sales by Regions
5.7 Aisle Trucks Historic and Forecast Sales by Regions
5.8 Others Historic and Forecast Sales by Regions

6 . GLOBAL INDUSTRIAL ELECTRIC VEHICLE MARKET ANALYSIS BY PROPULSION TYPE

6.1 Overview by Propulsion Type
6.2 Historical and Forecast Data
6.3 Analysis by Propulsion Type
6.4 Battery Electric Vehicles (BEVs) Historic and Forecast Sales by Regions
6.5 Hybrid Electric Vehicles (HEVs) Historic and Forecast Sales by Regions

7 . GLOBAL INDUSTRIAL ELECTRIC VEHICLE MARKET ANALYSIS BY APPLICATION

7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Manufacturing Historic and Forecast Sales by Regions
7.5 Warehousing Historic and Forecast Sales by Regions
7.6 Freight & Logistics Historic and Forecast Sales by Regions
7.7 Others Historic and Forecast Sales by Regions

8 . GLOBAL INDUSTRIAL ELECTRIC VEHICLE MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1. Overview, Historic and Forecast Data Sales Analysis
- 8.3.2. North America By Segment Sales Analysis
- 8.3.3. North America By Country Sales Analysis
- 8.3.4. United State Sales Analysis
- 8.3.5. Canada Sales Analysis
- 8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1. Overview, Historic and Forecast Data Sales Analysis
- 8.4.2. Europe by Segment Sales Analysis
- 8.4.3. Europe by Country Sales Analysis
- 8.4.4. United Kingdom Sales Analysis
- 8.4.5. France Sales Analysis
- 8.4.6. Germany Sales Analysis
- 8.4.7. Italy Sales Analysis
- 8.4.8. Russia Sales Analysis
- 8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1. Overview, Historic and Forecast Data Sales Analysis
- 8.5.2. Asia Pacific by Segment Sales Analysis
- 8.5.3. Asia Pacific by Country Sales Analysis
- 8.5.4. China Sales Analysis
- 8.5.5. India Sales Analysis
- 8.5.6. Japan Sales Analysis
- 8.5.7. South Korea Sales Analysis
- 8.5.8. Australia Sales Analysis
- 8.5.9. South East Asia Sales Analysis
- 8.5.10. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1. Overview, Historic and Forecast Data Sales Analysis
- 8.6.2. Latin America by Segment Sales Analysis
- 8.6.3. Latin America by Country Sales Analysis
- 8.6.4. Brazil Sales Analysis
- 8.6.5. Argentina Sales Analysis
- 8.6.6. Peru Sales Analysis
- 8.6.7. Chile Sales Analysis
- 8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1. Overview, Historic and Forecast Data Sales Analysis
- 8.7.2. Middle East & Africa by Segment Sales Analysis
- 8.7.3. Middle East & Africa by Country Sales Analysis
- 8.7.4. Saudi Arabia Sales Analysis
- 8.7.5. UAE Sales Analysis
- 8.7.6. Israel Sales Analysis
- 8.7.7. South Africa Sales Analysis
- 8.7.8. Rest Of Middle East And Africa Sales Analysis

9 . COMPETITIVE LANDSCAPE OF THE INDUSTRIAL ELECTRIC VEHICLE COMPANIES

9.1. Industrial Electric Vehicle Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10 . COMPANY PROFILES OF INDUSTRIAL ELECTRIC VEHICLE INDUSTRY

10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Toyota Material Handling
- 10.3.1. Company Overview
- 10.3.2. Company Revenue
- 10.3.3. Products
- 10.3.4. Recent Developments
10.4. Mitsubishi Logisnext Co. Ltd.
- 10.4.1. Company Overview
- 10.4.2. Company Revenue
- 10.4.3. Products
- 10.4.4. Recent Developments
10.5. Jungheinrich AG
- 10.5.1. Company Overview
- 10.5.2. Company Revenue
- 10.5.3. Products
- 10.5.4. Recent Developments
10.6. Hyster-Yale Materials Handling Inc.
- 10.6.1. Company Overview
- 10.6.2. Company Revenue
- 10.6.3. Products
- 10.6.4. Recent Developments
10.7. Hangcha Forklift
- 10.7.1. Company Overview
- 10.7.2. Company Revenue
- 10.7.3. Products
- 10.7.4. Recent Developments
10.8. Hyundai Construction Equipment
- 10.8.1. Company Overview
- 10.8.2. Company Revenue
- 10.8.3. Products
- 10.8.4. Recent Developments
10.9. Sany Electric
- 10.9.1. Company Overview
- 10.9.2. Company Revenue
- 10.9.3. Products
- 10.9.4. Recent Developments
10.10. KION Group
- 10.10.1. Company Overview
- 10.10.2. Company Revenue
- 10.10.3. Products
- 10.10.4. Recent Developments
10.11. Crown Equipment Corporation
- 10.11.1. Company Overview
- 10.11.2. Company Revenue
- 10.11.3. Products
- 10.11.4. Recent Developments
10.12. Doosan Industrial Vehicle
- 10.12.1. Company Overview
- 10.12.2. Company Revenue
- 10.12.3. Products
- 10.12.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies