![]() ![]() “As an industry, we’re the benefactors of several years of continuous growth that has enabled manufacturers to invest in their facilities and manufacturing processes,” he says. 10 on this year’s list), credits a “very healthy” industry with supporting growth across most asset classes and manufacturers. Scott Johnson, ITA’s chairman of the board of directors and vice president of marketing and sales for Clark Material Handling Company (No. Today’s leaders, especially Toyota and KION, continue to expand their reach beyond industrial trucks and into the broader market for supply chain services. The largest manufacturers all maintained their rankings in 2018…Įach of the companies in the Top 5 saw an increase of more than 5% over last year’s numbers. forklift manufacturers.Īlong with their North American counterparts, lift truck makers from other areas of the world also posted impressive sales growth last year. Canada and Mexico remain the two largest export countries for U.S. Overall, electric products accounted for approximately 64% of last year’s market, with the industrial lift truck market contributing more than $25 billion annually to the U.S. The ITA says year-end lift truck sales totaled 260,180, with electric and internal combustion truck sales growing at similar rates (showing annual increases of 2.8% and 2.7%, respectively). According to the Industrial Truck Association (ITA), this represented a 2.8% increase over 2017, with steady growth seen across most lift truck classes. After hitting a new high in 2017, the North American lift truck market outdid itself once again last year by collectively selling more than one-quarter million new units.
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