Industry Analysis & Industry Trends
Lifting and handling equipment is used to help move materials, goods and people across a range of industries. Demand for lifting and handling equipment is affected by businesses' views on their future performance and general level of economic activity. The industry's major customers are manufacturers, construction companies and freight handling firms. As well as British firms, the industry is heavily reliant on export markets, with almost 60% of revenue derived from exports.
The industry faced mixed conditions over the past five years. Early on, the economic downturn and adverse conditions across key downstream markets heavily constrained demand for lifting and handling equipment, causing a plunge in revenue of 22.3% in 2009-10 and 5.7% in 2010-11... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature stage of its life cycle. Industry value added, which measures the industry's contribution to the overall UK economy, is expected to grow at a compound annual rate of 2.1% over the decade through 2019-20. Meanwhile, the UK economy is forecast to grow at a compound annual rate of 2.1% over the same period. This indicates that the industry will account for a steady share of the overall economy, signifying that the industry is mature.
Demand for industry products is likely to be supported by a number of long-term trends. These include rising population growth, forecast growth in international trade volumes, the rising dominance of online retailing and urbanisation... purchase to read more