Industry Analysis & Industry Trends
Prior to the economic downturn, favorable conditions in the construction sector and strong demand from the manufacturing and freight sectors underpinned booming activity in the Forklift and Conveyor Manufacturing industry. However, the economic recession dramatically altered the outlook for the industry. Still, with downstream markets set to revive over the next five years, revenue will grow modestly and demand for industry products will rise... purchase to read more
Industry Report - Industry Locations Chapter
According to data from the US Census Bureau's County Business Patterns report, this industry's most concentrated regions by number of establishments include the Great Lakes, Southeast and Plains regions. Proximity to downstream manufacturing facilities is a primary determinant of geographic industry concentration, and these regions collectively account for more than 60.0% of total industry establishments.
The Great Lakes region
The Great Lakes region leads the industry by share of establishments and accounts for an estimated 28.8% of all industry locations. The region dominates across all product segments except elevator and moving stairway manufacturing, which is led by the Mid-Atlantic region... purchase to read more