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 Key Buyers Chapter
The four largest industry participants are expected to account for 18.6% of industry revenue in 2014-15, indicating that the industry has a low level of concentration. The largest player, Nacco Materials Handling Group Ltd, is estimated to have a market share of 10.2%. All remaining players are estimated to have market shares of less than 5%, although some are large global players.
The industry is characterised by a large number of small players specialising in a narrow range of products. This is confirmed by the fact that 77.9% of firms employed fewer than 20 workers in 2013.
However, market share concentration varies across products segments. For instance, the level of market share concentration is very high in the lift trucks and the lifts and escalators segments... purchase to read more