In-depth analysis of North American aerial work equipment market trends

   A few days ago, the company's October market trend report showed the sales of North American aerial working equipment categories based on shear lifts and telescopic arm lifts, and in-depth analysis of the North American aerial working equipment market trends.

   Overall sales have increased across all categories in Canada and the United States over the past four years. In the United States, scissor and fork lifts saw the largest increase from 2022 to 2023, reaching 47%. At the same time, sales of jib lifts and telescopic arm lifts have rebounded this year, and the increase has exceeded the level of 2020.

   Sales in the retail used equipment market continued to be stable in September, with transactions up 13% from the same period last year. The volume of aerial work equipment was particularly strong, up 36 percent year on year, while the volume of telescopic fork trucks also rose 27 percent. Trading in earthmoving equipment has also picked up steadily after a sluggish start to the year.

The median pricing for US arm lifts in the first quarter of 2023 remained consistent with 2022, and while sales have declined in each quarter of the year, they are overall higher than in the same period last year. Pricing in Canada has shown a similar downward trend this year, and volumes have increased significantly in the third quarter.

   The median pricing of scissor lifts in the United States and Canada has also trenched downward this year, but sales have increased, especially in the third quarter. For example, sales per quarter in the US in 2022 were less than 2,000 units, while sales per quarter in 2023 were more than 2,000 units. At Canadian auctions, the case for fork machines is different. By the third quarter, the median price of telescopic loading trucks had increased. The second quarter saw the highest volume, and the overall volume for 2023 also rose sharply.