Growth in the Forklift Market

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For the second year running, the top 5 forklift manufacturers have remained consistent and the good news is that there are signs of more growth in the market.

 

The top 5 as per 2018 are as follows;

 

  1. Toyota
  2. KION
  3. Jungheinrich
  4. Mitsubishi
  5. Crown Equipment

 

Of the top 5 companies listed above, all five of them saw an increase of over 5% on the previous years figures. It has been noted that there has been a healthy increase throughout the industry where it’s been supporting most asset classes and manufacturers.

 

To give an idea of figures, Toyota last year had revenue of £13,292 million which was over 16% up on 2017 when their revenue was £11,393 million. The second highest change was seen by Crown Equipment with takings in 2017 amounting to £3080 million increasing by 13% to £3480 million in 2018.

 

As e-commerce continues to grow the forklift industry is likely to grow with it. Already it is thought that e-commerce is largely behind strong industry sales and the number of motorised hand trucks (Class 3) has seen new demand as these are particularly suited to high-speed/high-velocity environments such as warehouses.

 

Another part of the market that is growing is the requirement for forklift novice and refresher training and Forklift Agency are here to help. Forklift Agency provide health and safety approved forklift training nationwide and don’t charge for travelling costs. The team are friendly, professional and reliable and will provide the training at a time and place to suit you.

 

Why not get in touch and speak to a member of the team today to find out more, 0330 330 9495 or complete the form below and we’ll be in touch shortly.

 

 

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