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Forklifts Procurement Research Report | Published: Mar 2017

Helping businesses make better purchasing decisions, faster

Forklifts: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Forklifts procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 14-17
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 17-20
Price Change
Forklifts - Recent Price Trend

The price of forklifts has been increasing at an estimated average annual rate of 1.1% in the three years to 2017. The manufacturing and construction sectors have been growing significantly during the period, which has caused demand for forklifts to rise and allowed suppliers to raise prices. Meanwhile, however, the cost of production has been falling along with the price of steel, limiting the... purchase to read more

Forklifts - Total Cost of Ownership

The total cost of ownership for forklifts is moderate at about 50% of the purchase price per year. Costs that go beyond the list price of a forklift include maintenance, repair, fuel and training costs. Buyers should be aware of these additional expenses prior to making a forklift purchase.Due to the physical nature of the tasks performed by forklifts, significant and costly maintenance is... purchase to read more


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of forklifts. Forklifts are small, industrial vehicles with power-operated pronged platforms that are raised or lowered to move materials. Forklifts are a type of industrial truck and include truck-type pallet movers, forklift stackers, straddle carriers, boom lifts and loading and engine hoists. Suppliers of forklifts include manufacturers and wholesalers. Buyers of forklifts include construction firms, manufacturers, transportation companies and warehousing companies. This report focuses only on new forklifts (i.e. not rentals or used forklifts) and excludes overhead cranes, conveyors and elevators. Also, this report does not include self-propelled forklifts, manual forklifts or forklift attachments.

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