Forklift Truck Market Overview in the USA
In value terms, forklift truck production stood at $ in 2019. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by % against the previous year. Forklift truck production peaked at $ in 2009; however, from 2010 to 2019, production failed to regain the momentum.
The value of the forklift truck market in the U.S. fell to $ in 2019, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the market value increased by % y-o-y. Forklift truck consumption peaked at $ in 2018, and then reduced slightly in the following year.