MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Industrial Forklifts - LPG
Overview
Market size
$6.0B
global, USD
CAGR
4.7%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
4 high severity
Market outlook
2031$7.5B
What changed
Demand by region
North America demand35%
Europe demand30%
Asia Pacific demand20%
Latin America demand10%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Structural Steel and Cast Iron35%
Powertrain and Hydraulic Systems25%
Manufacturing and Assembly Labor15%
Logistics and Inland Freight15%
LPG Fuel System Components10%
share of delivered cost (analyst estimate)