2019 Annual Forklift Industry Report

General OverviewWorldwide economic growth in 2019 slowed to 2.9% from 3.6% in 2018. Economic uncertainties such as trade disputes among the United States, China, and the European Union,  Brexit, and economic cycles in China and India led to increased unwillingness to invest from the world’s companies.According to KION Group, the world’s second largest lift truck