ITA reports third consecutive year of record-breaking forklift sales in 2017
Date: Friday, February 23, 2018
Source: Modern Materials Handling
The Industrial Truck Association has announced that 2017 marked the third consecutive year of growth for North American forklift truck sales.
ITA reports sales of more than 250,000 units in 2017, representing a 9.5% increase from 2016 and a 12.2% increase over 2015.
“Reaching the quarter-million unit mark in sales is a major milestone for the industry,” said Brian Feehan, president of the Industrial Truck Association (ITA). All truck classes demonstrated an increase from 2016, including a 19% growth in the internal combustion class 5 trucks. Overall, electric products accounted for approximately 64% of the market in 2017.
Previously, 2015 was an all-time high for the industry with 225,534 units sold.
“The 2017 sales numbers of 253,146 exceeded most industry expectations,” said Feehan, who noted the continued expansion of e-commerce and advancements in technology coupled with solid U.S. and global economic performance as contributing factors to growth.
“This growth reflects the health and stability of the lift truck manufacturing industry,” said Scott Johnson, chairman of the ITA board of directors and vice president of marketing and sales for CLARK Material Handling Company. “In 2015 our industry contributed over $25 billion annually to the U.S. GDP and supported approximately 209,000 U.S. jobs. We are excited about how this market growth contributes to today’s economy.”
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