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 - Starting a New Business Chapter
Barriers to entry in the industry are considered high overall, but vary significantly by segment.
Industry operators in the United Kingdom tend to focus on niche products involving relatively high levels of manufacturing and product technologies and expertise, where products are made to order or where product quality and advice is crucial to end users. Some companies have also developed strong export markets. These companies have usually built a strong reputation and often provide their customers with sound technical advice. Imports are significant due to the dominance of foreign companies in global markets in many market segments. Some segments, like forklift trucks and people-moving lifts and escalators, are dominated by large foreign-owned global companies... purchase to read more