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Automobile & Transportation Global Ride-on Electric Industrial Vehicles Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4649035
    • |
  • 18 November, 2025
    • |
  • Global
    • |
  • 124 Pages
    • |
  • GIR
    • |
  • Automobile & Transportation

According to our (Global Info Research) latest study, the global Ride-on Electric Industrial Vehicles market size was valued at US$ 7001 million in 2024 and is forecast to a readjusted size of USD 13900 million by 2031 with a CAGR of 10.3% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Ride - on electric industrial vehicles are motorized vehicles designed for industrial use, which are powered by electricity and allow an operator to ride on them during operation. These vehicles are typically equipped with various functional components such as a battery for energy storage, an electric motor for propulsion, a control system for regulating speed and direction, and sometimes additional attachments depending on the specific application.
They are engineered to handle a wide range of industrial tasks, including material handling (such as transporting pallets, crates, or other heavy loads), forklift operations in warehouses, and towing or pushing heavy equipment within industrial facilities. Ride - on electric industrial vehicles offer advantages such as reduced emissions compared to traditional fuel - powered vehicles, lower operating costs due to the efficiency of electric powertrains, and relatively quiet operation, making them suitable for use in indoor environments or areas with noise restrictions.
This report is a detailed and comprehensive analysis for global Ride-on Electric Industrial Vehicles market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Ride-on Electric Industrial Vehicles market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Ride-on Electric Industrial Vehicles market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Ride-on Electric Industrial Vehicles market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Ride-on Electric Industrial Vehicles market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Ride-on Electric Industrial Vehicles
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Ride-on Electric Industrial Vehicles market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include 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, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Ride-on Electric Industrial Vehicles market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
<5 ton Load Capacity
5-10 ton Load Capacity
11-36 ton Load Capacity
>36 ton Load Capacity
Market segment by Application
Manufacturing
Warehousing
Freight & Logistics
Others
Major players covered
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
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Ride-on Electric Industrial Vehicles product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Ride-on Electric Industrial Vehicles, with price, sales quantity, revenue, and global market share of Ride-on Electric Industrial Vehicles from 2020 to 2025.
Chapter 3, the Ride-on Electric Industrial Vehicles competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Ride-on Electric Industrial Vehicles breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Ride-on Electric Industrial Vehicles market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Ride-on Electric Industrial Vehicles.
Chapter 14 and 15, to describe Ride-on Electric Industrial Vehicles sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Ride-on Electric Industrial Vehicles Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 <5 ton Load Capacity
    • 1.3.3 5-10 ton Load Capacity
    • 1.3.4 11-36 ton Load Capacity
    • 1.3.5 >36 ton Load Capacity
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Ride-on Electric Industrial Vehicles Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Manufacturing
    • 1.4.3 Warehousing
    • 1.4.4 Freight & Logistics
    • 1.4.5 Others
  • 1.5 Global Ride-on Electric Industrial Vehicles Market Size & Forecast
    • 1.5.1 Global Ride-on Electric Industrial Vehicles Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Ride-on Electric Industrial Vehicles Sales Quantity (2020-2031)
    • 1.5.3 Global Ride-on Electric Industrial Vehicles Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Anhui Forklift Group Corporation
    • 2.1.1 Anhui Forklift Group Corporation Details
    • 2.1.2 Anhui Forklift Group Corporation Major Business
    • 2.1.3 Anhui Forklift Group Corporation Ride-on Electric Industrial Vehicles Product and Services
    • 2.1.4 Anhui Forklift Group Corporation Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Anhui Forklift Group Corporation Recent Developments/Updates
  • 2.2 Clark Material Handling
    • 2.2.1 Clark Material Handling Details
    • 2.2.2 Clark Material Handling Major Business
    • 2.2.3 Clark Material Handling Ride-on Electric Industrial Vehicles Product and Services
    • 2.2.4 Clark Material Handling Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Clark Material Handling Recent Developments/Updates
  • 2.3 Crown Equipment Corporation.
    • 2.3.1 Crown Equipment Corporation. Details
    • 2.3.2 Crown Equipment Corporation. Major Business
    • 2.3.3 Crown Equipment Corporation. Ride-on Electric Industrial Vehicles Product and Services
    • 2.3.4 Crown Equipment Corporation. Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Crown Equipment Corporation. Recent Developments/Updates
  • 2.4 DOOSAN BOBCAT KOREA
    • 2.4.1 DOOSAN BOBCAT KOREA Details
    • 2.4.2 DOOSAN BOBCAT KOREA Major Business
    • 2.4.3 DOOSAN BOBCAT KOREA Ride-on Electric Industrial Vehicles Product and Services
    • 2.4.4 DOOSAN BOBCAT KOREA Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 DOOSAN BOBCAT KOREA Recent Developments/Updates
  • 2.5 EP Equipment
    • 2.5.1 EP Equipment Details
    • 2.5.2 EP Equipment Major Business
    • 2.5.3 EP Equipment Ride-on Electric Industrial Vehicles Product and Services
    • 2.5.4 EP Equipment Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 EP Equipment Recent Developments/Updates
  • 2.6 Hangcha Group
    • 2.6.1 Hangcha Group Details
    • 2.6.2 Hangcha Group Major Business
    • 2.6.3 Hangcha Group Ride-on Electric Industrial Vehicles Product and Services
    • 2.6.4 Hangcha Group Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Hangcha Group Recent Developments/Updates
  • 2.7 Hyster-Yale Materials Handling, Inc.
    • 2.7.1 Hyster-Yale Materials Handling, Inc. Details
    • 2.7.2 Hyster-Yale Materials Handling, Inc. Major Business
    • 2.7.3 Hyster-Yale Materials Handling, Inc. Ride-on Electric Industrial Vehicles Product and Services
    • 2.7.4 Hyster-Yale Materials Handling, Inc. Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Hyster-Yale Materials Handling, Inc. Recent Developments/Updates
  • 2.8 J C Bamford Excavators Ltd.
    • 2.8.1 J C Bamford Excavators Ltd. Details
    • 2.8.2 J C Bamford Excavators Ltd. Major Business
    • 2.8.3 J C Bamford Excavators Ltd. Ride-on Electric Industrial Vehicles Product and Services
    • 2.8.4 J C Bamford Excavators Ltd. Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 J C Bamford Excavators Ltd. Recent Developments/Updates
  • 2.9 Jungheinrich AG
    • 2.9.1 Jungheinrich AG Details
    • 2.9.2 Jungheinrich AG Major Business
    • 2.9.3 Jungheinrich AG Ride-on Electric Industrial Vehicles Product and Services
    • 2.9.4 Jungheinrich AG Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Jungheinrich AG Recent Developments/Updates
  • 2.10 KION Group AG
    • 2.10.1 KION Group AG Details
    • 2.10.2 KION Group AG Major Business
    • 2.10.3 KION Group AG Ride-on Electric Industrial Vehicles Product and Services
    • 2.10.4 KION Group AG Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 KION Group AG Recent Developments/Updates
  • 2.11 Komatsu
    • 2.11.1 Komatsu Details
    • 2.11.2 Komatsu Major Business
    • 2.11.3 Komatsu Ride-on Electric Industrial Vehicles Product and Services
    • 2.11.4 Komatsu Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Komatsu Recent Developments/Updates
  • 2.12 Konecranes Plc
    • 2.12.1 Konecranes Plc Details
    • 2.12.2 Konecranes Plc Major Business
    • 2.12.3 Konecranes Plc Ride-on Electric Industrial Vehicles Product and Services
    • 2.12.4 Konecranes Plc Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Konecranes Plc Recent Developments/Updates
  • 2.13 Manitou Group
    • 2.13.1 Manitou Group Details
    • 2.13.2 Manitou Group Major Business
    • 2.13.3 Manitou Group Ride-on Electric Industrial Vehicles Product and Services
    • 2.13.4 Manitou Group Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Manitou Group Recent Developments/Updates
  • 2.14 Mitsubishi Logisnext
    • 2.14.1 Mitsubishi Logisnext Details
    • 2.14.2 Mitsubishi Logisnext Major Business
    • 2.14.3 Mitsubishi Logisnext Ride-on Electric Industrial Vehicles Product and Services
    • 2.14.4 Mitsubishi Logisnext Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Mitsubishi Logisnext Recent Developments/Updates
  • 2.15 Toyota Industries Corporation
    • 2.15.1 Toyota Industries Corporation Details
    • 2.15.2 Toyota Industries Corporation Major Business
    • 2.15.3 Toyota Industries Corporation Ride-on Electric Industrial Vehicles Product and Services
    • 2.15.4 Toyota Industries Corporation Ride-on Electric Industrial Vehicles Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Toyota Industries Corporation Recent Developments/Updates

3 Competitive Environment: Ride-on Electric Industrial Vehicles by Manufacturer

  • 3.1 Global Ride-on Electric Industrial Vehicles Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Ride-on Electric Industrial Vehicles Revenue by Manufacturer (2020-2025)
  • 3.3 Global Ride-on Electric Industrial Vehicles Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Ride-on Electric Industrial Vehicles by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Ride-on Electric Industrial Vehicles Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Ride-on Electric Industrial Vehicles Manufacturer Market Share in 2024
  • 3.5 Ride-on Electric Industrial Vehicles Market: Overall Company Footprint Analysis
    • 3.5.1 Ride-on Electric Industrial Vehicles Market: Region Footprint
    • 3.5.2 Ride-on Electric Industrial Vehicles Market: Company Product Type Footprint
    • 3.5.3 Ride-on Electric Industrial Vehicles Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Ride-on Electric Industrial Vehicles Market Size by Region
    • 4.1.1 Global Ride-on Electric Industrial Vehicles Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Ride-on Electric Industrial Vehicles Consumption Value by Region (2020-2031)
    • 4.1.3 Global Ride-on Electric Industrial Vehicles Average Price by Region (2020-2031)
  • 4.2 North America Ride-on Electric Industrial Vehicles Consumption Value (2020-2031)
  • 4.3 Europe Ride-on Electric Industrial Vehicles Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Ride-on Electric Industrial Vehicles Consumption Value (2020-2031)
  • 4.5 South America Ride-on Electric Industrial Vehicles Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Ride-on Electric Industrial Vehicles Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Ride-on Electric Industrial Vehicles Sales Quantity by Type (2020-2031)
  • 5.2 Global Ride-on Electric Industrial Vehicles Consumption Value by Type (2020-2031)
  • 5.3 Global Ride-on Electric Industrial Vehicles Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Ride-on Electric Industrial Vehicles Sales Quantity by Application (2020-2031)
  • 6.2 Global Ride-on Electric Industrial Vehicles Consumption Value by Application (2020-2031)
  • 6.3 Global Ride-on Electric Industrial Vehicles Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Ride-on Electric Industrial Vehicles Sales Quantity by Type (2020-2031)
  • 7.2 North America Ride-on Electric Industrial Vehicles Sales Quantity by Application (2020-2031)
  • 7.3 North America Ride-on Electric Industrial Vehicles Market Size by Country
    • 7.3.1 North America Ride-on Electric Industrial Vehicles Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Ride-on Electric Industrial Vehicles Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Ride-on Electric Industrial Vehicles Sales Quantity by Type (2020-2031)
  • 8.2 Europe Ride-on Electric Industrial Vehicles Sales Quantity by Application (2020-2031)
  • 8.3 Europe Ride-on Electric Industrial Vehicles Market Size by Country
    • 8.3.1 Europe Ride-on Electric Industrial Vehicles Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Ride-on Electric Industrial Vehicles Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Ride-on Electric Industrial Vehicles Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Ride-on Electric Industrial Vehicles Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Ride-on Electric Industrial Vehicles Market Size by Region
    • 9.3.1 Asia-Pacific Ride-on Electric Industrial Vehicles Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Ride-on Electric Industrial Vehicles Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Ride-on Electric Industrial Vehicles Sales Quantity by Type (2020-2031)
  • 10.2 South America Ride-on Electric Industrial Vehicles Sales Quantity by Application (2020-2031)
  • 10.3 South America Ride-on Electric Industrial Vehicles Market Size by Country
    • 10.3.1 South America Ride-on Electric Industrial Vehicles Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Ride-on Electric Industrial Vehicles Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Ride-on Electric Industrial Vehicles Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Ride-on Electric Industrial Vehicles Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Ride-on Electric Industrial Vehicles Market Size by Country
    • 11.3.1 Middle East & Africa Ride-on Electric Industrial Vehicles Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Ride-on Electric Industrial Vehicles Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Ride-on Electric Industrial Vehicles Market Drivers
  • 12.2 Ride-on Electric Industrial Vehicles Market Restraints
  • 12.3 Ride-on Electric Industrial Vehicles Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Ride-on Electric Industrial Vehicles and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Ride-on Electric Industrial Vehicles
  • 13.3 Ride-on Electric Industrial Vehicles Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Ride-on Electric Industrial Vehicles Typical Distributors
  • 14.3 Ride-on Electric Industrial Vehicles Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Ride-on Electric Industrial Vehicles. Industry analysis & Market Report on Ride-on Electric Industrial Vehicles is a syndicated market report, published as Global Ride-on Electric Industrial Vehicles Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Ride-on Electric Industrial Vehicles market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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