Answering the question “how much does a forklift cost?” isn’t straightforward, as the price depends on several factors, including the type of forklift, capacity, brand, and additional features. Below, we’ll break down the different costs associated with purchasing a forklift in the U.S.
Types of Forklifts and Their Costs
Electric Forklifts
Electric forklifts are battery-powered and ideal for indoor use due to their zero emissions. They’re also quieter than internal combustion forklifts.
- Cost: Smaller electric models start around $20,000, while larger models can go up to $45,000 or more.
Internal Combustion Forklifts
These forklifts are powered by gasoline, diesel, or propane and are often used outdoors.
- Cost: Basic internal combustion models start at $15,000, with high-capacity models reaching up to $100,000.
Rough Terrain Forklifts
Rough terrain forklifts are designed for use on construction sites and in lumber yards, with large, tractor-like tires for stability.
- Cost: Starting prices for these models are typically around $50,000, with advanced models exceeding $100,000.
Telehandlers
Telehandlers are essentially forklifts with extended reach, ideal for construction and high-reach applications.
- Cost: Prices for telehandlers start around $50,000 and can go up to $150,000 for high-capacity models.
Pallet Jacks
Pallet jacks, though not technically forklifts, serve a similar purpose for lighter loads.
- Cost: Manual pallet jacks cost a few hundred dollars, while electric models can cost $3,000 or more.
Factors Affecting Forklift Costs
Several factors influence the cost of a forklift:
Capacity
The forklift’s lifting capacity significantly impacts its price. Standard forklifts can lift between 3,000 and 5,000 pounds, but machines with capacities up to 35,000 pounds or more will cost considerably more.
Brand
Brand name can also greatly affect the price. Premium brands like CAT, Crown, and Toyota are typically more expensive.
Additional Features
Features like side shifters, tilt controls, and camera systems can add to the cost. The choice between cushion or pneumatic tires also affects pricing.
New vs. Used
Used forklifts can be a cost-effective option for businesses on a budget. Depending on factors like age, operating hours, and condition, used models can offer significant savings over new ones.
Operational Costs
Beyond the purchase price, it’s important to consider operational costs:
- Maintenance: Regular upkeep is crucial for safety and longevity. Depending on usage, maintenance costs can range from a few hundred to several thousand dollars per year.
- Fuel/Charging: Electric forklifts require charging stations, with associated electricity costs, while internal combustion models incur fuel expenses.
- Training: OSHA certification for operators is required and typically costs between $100 and $200 per operator.
Leasing vs. Buying
Leasing can be a viable option for businesses that need forklifts temporarily. Leasing costs range from around $600 per month for smaller models to several thousand dollars for larger, specialized machines.
