Lift truck sales recovering as markets and sentiment improve
BITA, the British Industrial Truck Association, revealed signs of recovery in the UK
forklift truck market at its 2010 AGM held on May 7 2010.
Compared with 2009, shipments of Counterbalance trucks are expected to increase by 1.8% to 8,500, and shipments of Warehouse trucks are expected to increase by 6.8% to 8,900. Orders of Counterbalance trucks, meanwhile, are expected to increase by 15.3% to 9,800, while orders of Warehouse trucks are expected to increase by 7.8% to 9,766.
The Economic Forecast is prepared for BITA by independent economic consultancy Oxford Economics and is available exclusively to BITA members as one of the key membership benefits. In its detailed overview of sector by sector performance, both in terms of lift truck product categories and customer business divisions, the Economic Forecast predicts a fragile recovery in the near term with slightly stronger prospects looking further out.