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 over 50% of revenue derived from exports.
Industry conditions have improved over the past five years. Revenue bounced back strongly during the base year, as economic conditions began to improve and distributors restocked inventories. Revenue has since grown, as construction and freight handling activity rebounded... purchase to read more
Industry Report - Industry Key Buyers Chapter
The four largest industry participants are expected to account for 17.8% of industry revenue in 2016-17, indicating that the industry has a low level of concentration. The largest player, Hyster-Yale Group Ltd, is estimated to have a market share of 10%. 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% of firms employed fewer than 20 workers in 2015. 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