The whitepaper report “Global Industrial Trucks Analysis in 2025” provides an in-depth view of how industrial truck demand mirrored global economic cycles, with orders historically growing ~1.6x faster than GDP.
After a post-pandemic surge in 2021, followed by sharp corrections in 2022–23, the industry has entered a recovery phase. 2024 showed early signs of resurgence, and in H1-2025 the market returned to growth (+6% y/y), led by a strong rebound in the America and steady momentum in Asia.
The report highlights:
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A shift from IC to electric trucks, supported by sustainability goals, lithium-ion adoption, and e-commerce-driven warehousing demand.
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An oligopolistic competitive landscape, where the top 5 players contribute to ~54% of global revenues.
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Regional outlooks: cautious optimism in Europe, strong rebound in the Americas, and continued structural growth in Asia.
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Megatrends—urbanisation, automation, sustainability, and e-commerce—that will fuel long-term demand, with the market forecast to grow at a ~5% CAGR through 2028.
For investors, OEMs, and logistics leaders, this whitepaper is a must-read to understand the evolving dynamics of the industrial trucks and services industry and the strategic shifts shaping its future.
👉 Download the report to explore the trends driving growth beyond 2025 (Click below).
