With over a quarter million units sold, forklift truck sales in 2018, in the North America market, continue their unprecedented increase.
2018 marked the fourth consecutive year of historic growth, with a 2.8% increase from 2017.
“All five truck classes exhibited growth in 2018, representing diverse demand across product lines,” said Scott Johnson, chairman of the Industrial Truck Association and vice president at Clark Material Handling Co.
Year-end forklift truck sales of 260,180 included electric rider trucks (Class 1 and Class 2 combined), motorized hand trucks (Class 3) and internal combustion powered trucks (Class 4 and Class 5 combined).
Electric and internal combustion truck sales grew at similar rates, showing annual increases of 2.8% and 2.7%, respectively.
Overall, electric products accounted for approximately 64% of last year’s market.
“Industrial truck sales continue to play an integral role in keeping the U.S. economy moving,” said Johnson. “The market contributes more than $25 billion annually to the U.S. GDP, and for every direct job in the industry, an additional 2.5 jobs are supported elsewhere in the economy.”
Canada and Mexico remain the two largest export countries for U.S. forklift manufacturers. “Passage of the United States Mexico Canada Trade Agreement will play a critical role in maintaining the health of our industry,” said Brian Feehan, president of the ITA. “A successful conclusion to USMCA will provide the long-term policy framework manufacturers and consumers need to ensure the North American market remains one of the strongest for our industry.”