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 Locations Chapter
Businesses in the industry are well spread across the United Kingdom and tend to operate near major customer bases and transport and distribution facilities. Historical factors can also influence the location of a manufacturing facility. For instance, local government may have awarded grants to help fund the set up of a factory or the founder may have placed the company in the region where they lived.
West Midlands and the South East respectively account for an estimated 15.7% and 12.7% of all enterprises in this industry in the United Kingdom. West Midlands is home to many different industries, with major industries including car, aircraft and ceramics manufacturing... purchase to read more