Industry Analysis & Industry Trends
Lifting and handling equipment is used across a range of industries to help move materials, goods and people. Demand for lifting and handling equipment is affected by the performance of major downstream industries. The industry's major customers are manufacturers, construction companies and freight-handling firms. As well as British firms, the industry relies heavily on export markets, with almost 54% of revenue derived from exports.
Industry conditions have improved over the past five years following a recession-induced trough immediately prior to the start of the period. The economic downturn and adverse conditions across key downstream markets constrained demand for lifting and handling equipment, causing three consecutive years of heavy revenue declines through 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 2015-16. 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