Support lift: The weak pound has made exports more competitive, supporting industry revenue

Growth in the Lifting and Handling Equipment Manufacturing industry is largely dependent on the performance of downstream manufacturing, construction and freight-handling firms, and business capital spending trends. Over the five years through 2018-19, industry revenue is expected to grow at a compound annual rate of 2.5% to reach £3.6 billion. Business capital expenditure trended upwards at the beginning of the period as the economy strengthened and business confidence grew. Construction and freight-handling activity also increased in the United Kingdom, which contributed to steady demand growth. However, business confidence dipped following the EU referendum in 2016, which has weighed on domestic demand in recent years...read more.

Industry Statistics & Market Size
Revenue
£3.6bn
Annual Growth 14-19
2.5%
Forecast Growth 19-24
Profit
Employment
18,557
Businesses
861
Market Share of Companies

Industry Threats & Opportunities

  • The depreciation of the pound has made industry products more competitive overseas
  • Import penetration has risen as a result of fierce global price competition
  • Demand from commercial building construction activity may be subdued in the short term
  • Industry Report - Industry Products Chapter

    Forklifts and work trucksSales of forklifts and working trucks are estimated to account for 29.7% of industry revenue in 2018-19. 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 Hyster-Yale). KION Group and Hyster-Yale have UK subsidiaries that manufacture forklift trucks. Thi...purchase to read more.

    Additional Insights for the Lifting & Handling Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Lifting & Handling Equipment Manufacturing Industry are

  • Experienced work force
  • Having a good reputation
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Business capital expenditure and Industrial production index in the Lifting & Handling Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Lifting & Handling Equipment Manufacturing Industry?

    Firms in this industry manufacture lifting and handling equipment. This includes hand-operated or power-driven lifting, handling, loading or unloading machinery. The manufacture of conveyors, lifts, escalators, moving walkways and specialised parts for lifting and handling equipment is also included. The manufacture of continuous-action elevators, floating cranes and mechanical shovels is not covered by this industry.

    Industry Products
  • Forklifts and work trucks
  • Cranes
  • Elevators and conveyors for moving materials and goods
  • Pulley tackle, hoists, winches and capstans
  • Escalators, lifts and moving paths for moving people
  • Industry Activities
  • Hand-operated or power-driven lifting, handling, loading or unloading machinery
  • Pulley tackle and hoist, winch, capstan and jack
  • Derrick, crane, mobile lifting frame and straddle carrier
  • Work truck
  • Mechanical manipulator and industrial robot
  • Conveyor
  • Lift, escalator and moving walkway
  • Manufacturing specialised parts for lifting and handling equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business capital expenditure
  • Industrial production index
  • MSCI World Index
  • Total value of construction
  • Real effective exchange rate

  • Current Performance
  • Lifting demand
  • Handling change
  • Elevated trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand
  • Global conditions
  • Trade uncertainty
  • Table: Lifting & Handling Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Lifting & Handling Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Construction
  • Wholesale and Retail Trade
  • Transportation and Storage

  • Key Selling Industries
  • Iron & Steel Manufacturing

  • Products & Services
  • Other
  • Forklifts and work trucks
  • Elevators and conveyors for moving materials and goods
  • Cranes
  • Escalators, lifts and moving paths for moving people
  • Pulley tackle, hoists, winches and capstans
  • Chart: Lifting & Handling Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Construction industries
  • Manufacturing industries
  • Freight-handling industries
  • Other
  • Chart: Major Market Segmentation for the Lifting & Handling Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Lifting & Handling Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Lifting & Handling Equipment Manufacturing Industry

  • Industry Globalization
    Hyster-Yale UK Ltd,
  • Table: Hyster-Yale UK Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Lifting & Handling Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Lifting & Handling Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Crane
  • A lifting machine that can be used to lift objects and move them horizontally.
  • Payload
  • The total weight that a machine can carry.
  • Winch
  • A hauling or lifting device consisting of a rope or chain that winds around a horizontal rotating drum and is turned by a crank, motor or other power source.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Lifting & Handling Equipment Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Lifting & Handling Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Lifting & Handling Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Lifting & Handling Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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