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 Investment Chapter
The level of capital intensity is determined by comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs are indicative of a high level of investment in depreciable assets, such as buildings and equipment, suggesting high capital intensity. Conversely, comparatively high wage costs are indicative of high labour intensity.
The industry exhibits a medium level of capital intensity, with an estimated capital-to-labour ratio of 1:3.31 in 2015-16. This indicates that for every £1.00 spend on capital, an estimated £3.31 is spent on labour... purchase to read more