The term "industrial equipment" covers a broad range, from assembly line robots to forklifts. The industrial equipment market includes material handling equipment (forklifts, cranes, conveyors) as well as heavy off-road machinery. While off-road equipment is a subset, there is overlap in power systems (diesel engines) and hydraulics. The industrial equipment market for "warehousing" (forklifts, pallet jacks) is growing with e-commerce. The industrial equipment market for "construction" is covered here. The industrial equipment market for "mining" is also covered.

The broader off road equipment market is a part. The industrial equipment market for "forklifts" are used indoors and outdoors. The industrial equipment market for "rough terrain" forklifts have large tires and can operate on dirt. The industrial equipment market for "telehandlers" (telescopic handlers) are used in construction and agriculture for lifting pallets and materials. The industrial equipment market for "cranes" (mobile, tower) are used for heavy lifts.

The industrial equipment market for "power" sources include diesel, gasoline, LPG, and electric (battery). The industrial equipment market for "electric" forklifts are common indoors for zero emissions. The industrial equipment market for "hydrogen" fuel cell forklifts are used in some warehouses.

The industrial equipment market for "automation" includes automated guided vehicles (AGVs) for moving materials in factories. The industrial equipment market for "robot" arms for palletizing and picking. The industrial equipment market for "conveyor" systems for material handling are also part of the market.

The industrial equipment market for "safety" includes lights, alarms, and sensors to prevent collisions. The industrial equipment market for "operator" training and certification is required.

Looking ahead, the industrial equipment market will see the growth of "autonomous" forklifts. The industrial equipment market for "IoT" connectivity for fleet management will be standard. The industrial equipment market for "lithium-ion" batteries for forklifts (fast charging) will replace lead-acid. As factories become more automated, the industrial equipment market will evolve.

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