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The price of a forklift is determined by factors such as capacity, operational capabilities, engine type, make, condition, and accessories. Capacity is the most important factor, with prices rising rapidly for larger lifts. Brand and condition also affect cost. Accessories can add to the total cost.
The price of a forklift is determined by many different variables including capacity, operating capabilities, engine type, make, condition and accessories. More expensive forklifts naturally tend to be larger forklifts that can handle high tonnage. Understanding what the lift will be used for and prioritizing the variables that affect the price are key when buying a forklift. If a new lift with consistent performance is important, it may also be possible to rent a forklift long or short-term.
Probably the most important factor affecting the price of a forklift is capacity. This is usually expressed as the weight the forklift can handle safely. Typically, industry standards range from 3,000 lbs (1,361 kg) to 8,000 lbs (3,629 kg), but can go much higher. Outside the £8,000 class, prices are likely to rise very rapidly due to the technology, engineering and raw materials needed to produce the larger capacity lifts.
Another factor in the price of a forklift is operational capability. Most forklifts can lift about twice the stowed mast height or the mast height when the forks are on the ground. Some warehouses and factories require greater lifting capacity. Getting that extra lift is going to cost some extra money.
The type of engine can also make a difference in the price of a forklift. Typically, an electric forklift will cost more than a fossil fuel engine forklift. While some of these costs could come back in the form of lower maintenance and fuel costs, the initial acquisition price will be higher. However, for those who work in a completely enclosed environment without a great deal of ventilation, the extra cost for electricity may not be an option, but a necessity. Forklifts with engines that run on liquid propane are usually the cheapest.
Brand and condition are also part of the cost of a forklift. The better known the brand, the more expensive the forklift will be. However, those who buy a brand name forklift could get more reliable equipment. Also, condition is an important factor, especially if the choice is between a new or used forklift.
Any accessories included could also have a big impact on the price of a forklift. Some forklifts can be fitted with additional attachments making the machinery ideal not only for moving pallets, but also for carpets, barrels and a range of other tasks. Scales and lighthouses can also make some jobs easier, but they add to the total cost.
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