U.S. - Fork-Lift Trucks and Other Industrial Works Trucks and Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingForklift Truck and Industrial Works Truck Prices in the United States
U.S. Forklift Truck and Industrial Works Truck Import Price in May 2022
In May 2022, the forklift truck and industrial works truck price stood at $4.5K per unit (CIF, US), growing by 13% against the previous month. Over the period from January 2022 to May 2022, it increased at an average monthly rate of +8.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In May 2022, the country with the highest price was South Korea ($25K per unit), while the price for China ($830 per unit) was amongst the lowest.
From January 2022 to May 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Forklift Truck and Industrial Works Truck Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In May 2022, the product with the highest price was electrical self-propelled vehicles not fitted with lifting or handling equipment ($15K per unit), while the price for fork-lift and other works trucks fitted with lifting or handling equipment ($4.3K per unit) was amongst the lowest.
From January 2022 to May 2022, the most notable rate of growth in terms of prices was attained by electrical self-propelled vehicles not fitted with lifting or handling equipment (+15.9%), while the prices for the other products experienced mixed trend patterns.
U.S. Forklift Truck and Industrial Works Truck Imports
After two months of growth, overseas purchases of fork-lift trucks and other industrial works trucks and tractors decreased by -13.9% to 82K units in May 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 22% month-to-month. Imports peaked at 95K units in April 2022, and then contracted in the following month.
In value terms, imports of fork-lift trucks and other industrial works trucks and tractors contracted to $366M (IndexBox estimates) in May 2022. Over the period under review, total imports indicated buoyant growth from January 2022 to May 2022: its value increased at an average monthly rate of +8.0% over the last four months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2022 figures, imports increased by +46.3% against February 2022 indices. The pace of growth was the most pronounced in April 2022 with an increase of 23% month-to-month. As a result, imports attained the peak of $376M, and then reduced slightly in the following month.
U.S. Forklift Truck and Industrial Works Truck Imports by Type
In May 2022, fork-lift and other works trucks fitted with lifting or handling equipment (80K units) was the main type of forklift truck and industrial works truck supplied to the United States, with a 98% share of total imports. It was followed by non-electrical self-propelled works trucks not fitted with lifting or handling equipment (1.1K units), with a 1.3% share of total imports.
From January 2022 to May 2022, the average monthly growth rate of the volume of import of fork-lift and other works trucks fitted with lifting or handling equipment was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: non-electrical self-propelled works trucks not fitted with lifting or handling equipment (+10.7% per month) and electrical self-propelled vehicles not fitted with lifting or handling equipment (-5.1% per month).
In value terms, fork-lift and other works trucks fitted with lifting or handling equipment ($347M) constituted the largest type of forklift truck and industrial works truck supplied to the United States, comprising 95% of total imports. The second position in the ranking was taken by non-electrical self-propelled works trucks not fitted with lifting or handling equipment ($13M), with a 3.5% share of total imports.
U.S. Forklift Truck and Industrial Works Truck Imports by Country
In May 2022, China (67K units) constituted the largest forklift truck and industrial works truck supplier to the United States, accounting for a 82% share of total imports. Moreover, imports of fork-lift trucks and other industrial works trucks and tractors from China exceeded the figures recorded by the second-largest supplier, Mexico (2.8K units), more than tenfold. The third position in this ranking was taken by Canada (2.3K units), with a 2.9% share.
From January 2022 to May 2022, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+6.5% per month) and Canada (+2.9% per month).
In value terms, the largest forklift truck and industrial works truck suppliers to the United States were Canada ($57M), China ($56M) and South Korea ($36M), with a combined 41% share of total imports. These countries were followed by Mexico and Germany, which together accounted for a further 18%.
Mexico, with a CAGR of +17.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the market for forklift truck and industrial works truck in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221513 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height . 1 m
- Prodcom 28221515 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height < 1 m
- Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
- Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)
- Prodcom 28221570 - Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods, t ractors of the type used on railway station platforms
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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