General Construction Products & Machinery · Direct
Monitoring · monthlyProcurement Category Intelligence
Industrial Trucks
Overview
Market size
$65.0B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
5
tracked players
Signals
12
2 high severity
Market outlook
2031$83.8B
What changed
Demand by region
Asia Pacific demand45%
Europe demand23%
North America demand21%
Latin America demand6%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Steel and iron castings30%
Electric powertrains and batteries25%
Manufacturing labor and robotics20%
Base metals and wiring components15%
Polymers and polyurethanes10%
share of delivered cost (analyst estimate)