ProcureHub · Indirect & Services · Global

Industrial Forklifts - LPG: Market Size & Forecast 2026

The global industrial LPG forklift market reaches USD 6.0 billion in 2025, with modest growth expected through 2032 as warehouse automation drives demand while electrification creates segmentation pressure. Market structure leans supplier-favoring (-2.0 Buyer Power Score) with MEG feedstock concentration and product qualification timelines tilting the playing field toward OEMs. > **Analyst Take.** Our view: The 4.7% CAGR through 2032 represents a conservative growth trajectory as warehouse automation drives demand while electrification creates segmentation pressure. Buyers anchored to current cost structures will miss the critical inflection point around 2027-2028 when electric becomes cost-competitive in middle-tier segments. Lock multi-source volume now; 2027-2028 will see consolidation pressure that reduces sourcing options.

Market size · 2025
$6.00bn
CAGR · 2025–2030
4.7%
Forecast · 2030
$7.55bn
Basis
Claight Analysis
Market size (USD)
Base year 2025
Official data · Claight AnalysisForecast
Market size and CAGR extracted from the published Claight report; figures match the report..
Forecast
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2025 base: $6.0bn2032 est: $8.3bn
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Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2025 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.