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 Products Chapter
Forklifts and work trucks
Sales of forklifts and working trucks are estimated to account for 25% of industry revenue in 2016-17. 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, but both companies have downsized their UK manufacturing operations. Thi.. purchase to read more