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Q2 2020 Forklift Industry Report
Globally, the number of new industrial trucks sold dropped 7% in the first half of 2020 compared with 2019. The EMEA region (western Europe, eastern Europe, Middle East, Africa) had the largest decline in new orders, seeing a drop of 16.4 percent. The Americas region (North, Central, and South America) were the next hardest hit…
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2019 Annual Forklift Industry Report
General Overview Worldwide 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…
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Forklift Report – 3rd Quarter 2019
US real gross domestic product increased at an annual rate of 2.1% in the third quarter. The first and second quarters saw GDP growth of 3.1% and 2.0% respectively (source: Bureau of Economic Analysis).
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2018 Annual Forklift Report
Total Lift Truck Market The global lift truck market grew by 10.2% in 2018 to 1.5 million units. All lift truck classes saw gains with the largest gains coming from Class III products – Electric Motor Hand or Hand-Rider Trucks. US factory shipments of forklift trucks rose 9.29% from 212,002 total units in 2017 to…
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Forklift Classification Guide
Below is a reference guide to the 7 different classifications of forklifts that are available in the market today. This useful guide will help you make an informed decision when choosing the right for your company. CLASS 1 – ELECTRIC MOTOR RIDER TRUCKS A Class 1 unit is powered by an industrial battery and electric…