Industry Analysis & Industry Trends
Before the economic downturn, favorable conditions in the construction sector and strong demand from the manufacturing and freight sectors underpinned booming activity in the Forklift Manufacturing industry. During this time, exports expanded as major players derived strong sales growth from Latin American and Asian markets. Still, the economic recession created dramatic decreases in revenue. While the industry has rebounded since 2012, growth was mitigated by these steep declines. This trend will continue through 2017, however revenue will expand at a steadier and faster rate.... purchase to read more
Industry Report - Starting a New Business Chapter
There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent firms from entering the mature Forklift Manufacturing industry. A mature stage in the life cycle means that most firms in this industry are well established and have strong distribution channels. Therefore access to distribution channels may provide another problem for firms trying to enter the industry. Also, although the industry has a medium level of concentration, a high degree of competition stems from the rising share of cheaper imports among domestic demand. Last, while capital intensity is estimated to be low, the cost of establishing manufacturing facilities and sourcing skilled employees may deter some firms from entering the industry... purchase to read more