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 Products Chapter
Forklifts and work trucks
Sales of forklifts and working trucks are estimated to account for 25% of industry revenue in 2014-15. These trucks 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 (Crown Equipment and Nacco Industries)... purchase to read more