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 - 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