Industry Analysis & Industry Trends
The Lifting and Handling Equipment Manufacturing industry has faced challenging conditions over the past five years because weak domestic demand, rising import penetration and falling exports have all reduced demand for the products manufactured by industry participants. As a result, industry revenue is expected to decline at a compound annual rate of 4.3% over the five years through 2013-14. Domestic demand contracted when industrial production and construction activity fell sharply at the start of the period and has remained relatively weak since then. Demand from other businesses for lifting and handling equipment dampened as they faced challenging conditions.
In 2013-14, industry revenue is forecast to increase by 2.2% to £2.9... purchase to read more
Industry Report - Industry Products Chapter
Forklifts and work trucks
Sales of forklifts and working trucks are estimated to account for 25% of industry revenue in 2013-14. These trucks are lift and transport materials and goods, mainly in manufacturing, warehousing and distribution environments. Manoeuvrability, payload, reliability, operating costs, noise and emission levels are some of the factors that drive purchase decisions in the segment. The world's largest manufacturers of forklift trucks are headquartered in Japan (Toyota Industries and Mitsubishi), Germany (KION Group and Jungheinrich) and the United States (Clarke Equipment and Nacco Industries)... purchase to read more