An industrial vehicle includes a vehicle body, a hood provided on the vehicle body and operable to open and close, an operator's seat provided on the hood, a plurality of pillars erected on the vehicle body for supporting a headguard that covers above the operator's seat and an armrest provided at a side of the operator's seat such that the armrest is pivotable relative to the operator's seat or the hood on a pivotal axis in a longitudinal direction of the vehicle body. The pivotal axis has a first end adjacent to the operator's seat and a second end distant from the operator's seat. The pivotal axis is set such that the first end is located forward of the second end and/or such that the first end is located lower than the second end.