U.S. - Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFork-Lift Truck Prices in the United States
U.S. Fork-Lift Truck Export Price in June 2022
In June 2022, the fork-lift truck price stood at $19K per unit (FOB, US), reducing by -5.2% against the previous month. Over the period under review, export price indicated a strong increase from January 2022 to June 2022: its price increased at an average monthly rate of +8.3% over the last five months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, fork-lift truck export price increased by +63.2% against March 2022 indices. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 66% m-o-m. As a result, the export price reached the peak level of $19.9M per thousand units, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($24K per unit), while the average price for exports to the Netherlands ($14K per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Fork-Lift Truck Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In June 2022, the product with the highest price was self-propelled fork-lift trucks with non-electric motor ($31K per unit), while the average price for exports of self-propelled fork-lift trucks with electric motor ($13K per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for the following types: self-propelled non-electric fork-lift truck (+13.9%), while the prices for the other products experienced more modest paces of growth.
U.S. Fork-Lift Truck Exports
In June 2022, after two months of decline, there was significant growth in shipments abroad of fork-lift trucks, when their volume increased by 18% to 12K units. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 177% m-o-m. As a result, the exports attained the peak of 23K units; afterwards, it flattened through to June 2022.
In value terms, fork-lift truck exports rose significantly to $227M (IndexBox estimates) in June 2022. Over the period under review, total exports indicated resilient growth from January 2022 to June 2022: its value increased at an average monthly rate of +7.9% over the last five-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, exports decreased by -15.9% against March 2022 indices. The pace of growth was the most pronounced in March 2022 with an increase of 90% month-to-month. As a result, the exports attained the peak of $270M. From April 2022 to June 2022, the growth of the exports remained at a lower figure.
U.S. Fork-Lift Truck Exports by Type
Self-propelled fork-lift trucks with electric motor (7.8K units) was the largest type of fork-lift truck exported from the United States, accounting for a 65% share of total exports. Moreover, self-propelled fork-lift trucks with electric motor exceeded the volume of the second product type, self-propelled fork-lift trucks with non-electric motor (3.6K units), twofold.
From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of export of self-propelled fork-lift trucks with electric motor amounted to +1.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: self-propelled fork-lift trucks with non-electric motor (-4.0% per month) and non-self-propelled fork-lift trucks (+3.9% per month).
In value terms, self-propelled fork-lift trucks with non-electric motor ($114M), self-propelled fork-lift trucks with electric motor ($102M) and non-self-propelled fork-lift trucks ($10M) constituted the most exported types of fork-lift trucks from the United States worldwide.
Self-propelled non-electric fork-lift truck, with a CAGR of +9.3%, recorded the highest growth rate of the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
U.S. Fork-Lift Truck Exports by Country
Canada (7.3K units) was the main destination for fork-lift truck exports from the United States, accounting for a 60% share of total exports. Moreover, fork-lift truck exports to Canada exceeded the volume sent to the second major destination, Mexico (1.8K units), fourfold. Australia (535 units) ranked third in terms of total exports with a 4.5% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of volume to Canada stood at +15.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-2.9% per month) and Australia (+16.9% per month).
In value terms, Canada ($120M) remains the key foreign market for fork-lift truck exports from the United States, comprising 53% of total exports. The second position in the ranking was held by Mexico ($40M), with a 17% share of total exports. It was followed by Australia, with a 5.6% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of value to Canada stood at +15.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+9.2% per month) and Australia (+18.3% per month).
This report provides an in-depth analysis of the fork-lift truck market 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)
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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